Tag Archives: better

Which is a better route? A “debt- consolidation loan” or a “personal” loan to pay off credit card bills?

Question by DEBT: Which is a better route? A “debt- consolidation loan” or a “personal” loan to pay off credit card bills?
How does either loan affect credit scores etc…?Which one tends to get the better interest rate? Any reccomendations on what financial institution to go through? How much money do you need to make to take out approx. 10k? Any other info you can provide would help out a lot!

Best answer:

Answer by michelle1984
Personal loan. Debt consolidation ruins your credit

What do you think? Answer below!

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Credit Card Consolidation – How Added Laws Complete Debt Defrayal A Better Method

Article by billye simmein

Consumers at the moment be in possession of an great decision to facilitate settle the debts of their appreciation cards. Nowadays, nay people hold become jobless due with the aim of the economic slump. Persons people who hold jobs are possessing pay cuts. People are unable with the intention of pay their appreciation card bills in addition to their lives be the owner of become rough. Lack of income combined with the lack of income through it impossible used for the people with the aim of get bank loans. They thinking all was lost. The number of people filing intended for bankruptcy soared plus gratitude card companies suffered a gigantic asking price. With the help of the card gratitude debt relief accomplish 2010, the government has been helping consumers as well as commerce men.

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is it better to raise your credit score by getting a secure credit card or loan or just applying?

Question by macgrl80: is it better to raise your credit score by getting a secure credit card or loan or just applying?
i found out my credit score and it’s not very good. someone said if you get a secure loan or credit card you can build better credit that way. i don’t want to keep applying for credit cards when i’m just going to be denied, i know it takes points off your score everytime you do that. i don’t have any credit cards now so i really have no way to make the score better.

Best answer:

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Credit Card Debt Bankruptcy – Why Debt Settlement is Better Than Filing For Bankruptcy

Article by matt couch

A number of individuals are facing credit card debt nowadays. The biggest reason for this is the economic recession in US. The recession saw many people losing their source of income or reduced salaries. This forced them to turn to their credit cards to meet their daily expenditures. Credit card loans became the need of the time. The number of people taking these loans kept on increasing day by day. The recession was not going to end in a matter of days. The dependency of people on credit card loans kept on increasing.

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Is it better to pay off school loans or credit card?

Question by superwoman: Is it better to pay off school loans or credit card?
What is the best decision for today’s economy?

Most credit card companies try to cut your limit, if you pay your loan. What is the benefits for paying a student loan?

Best answer:

Answer by mar c
in any economy you must honor your obligations and pay back all of your loans…..

Add your own answer in the comments!

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Find Out How a Same Day Cash Advance Loan is Better Than a Credit Card

Article by Peter Duffy

When you still have a week or so to go before your next paycheck arrives and your bank account is looking rather empty, a sudden and unexpected expense could mean disaster. Many people who find themselves in this position will usually charge these expenses to their credit cards if they have one but, when this is done on a regular basis, these people will generally end up with an insurmountable credit card debt that may never end up being repaid. What may be a better option in these situations is a same day cash advance loan and there are some very practical reasons why these loans may end up being a better option than a credit card.

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After Holiday Spending, There Will be Financial Mending; Tips From Consolidated Credit Counseling Services For Better Money Management in 2010


Fort Lauderdale, FL (Vocus) January 8, 2010

Holiday overspending doesn’t only cause bad surprises in January when the bills come; the stress of dealing with those bills often can lead to depression and anxiety. It is not how much a person owes, but how the debt affects them.

?Somebody could be $ 1,000 in debt and that could be a major debt to them. People should seek help when they start feeling distressed. Whether a person needs to budget his way out of a $ 500 or $ 50,000 debt, there are ways to do it,? says Howard Dvorkin author of Credit Hell: How to Dig Out of Debt and founder of the non-profit Consolidated Credit Counseling Services, Inc.

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Q&A: Which is better to pay off car loans, credit card or put money toward mortgage.?

Question by Kendra: Which is better to pay off car loans, credit card or put money toward mortgage.?
My husband and I have two car loans one at 4,800 at 4.9% the other at 14,400 at 6.15% and a credit card at 10,700 at 7.9% but we also have a mortgage. What I’m planning on doing is having my husband sign up for another credit card because the current offer is no interest till 2008 (including balance transfers, there is a fee but the max fee is about how much we pay for the finance charge in one month. What I don’t know is if I should put our tax refund toward bringing down the lower car loan so the 230 we put toward that every month can go to something else sooner or if I should put some toward the car and some toward the mortgage each month. We don’t know if it’s better to pay the min on the mortgage and put more toward the other loans or put a little toward the mortgage and one of the other loans. And yes while doing all this I do put a little towards savings each paycheck. Forgive me for rambling but I wanted to be as detailed as possible. Thanks!
I’m not cancelling the current card the one I would be transferring to has an apr of 9.9%. So I would transfer what’s left after the 15 months back to the old card.

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Credit card loan better than perosnal loan?

Question by MR3000: Credit card loan better than perosnal loan?
I need 10K$ loan for my personal
My credit union can get me a personal loan at rate of 9.50% fixed
But I have Credit card from credit union which is 7.5% variable ( 25$ annual fee ).
I am planning to close the loan in 12 months time frame.
Which one do you think is better?
Any traps on credit card?
Do you think i should go with credit card loan?

Best answer:

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Can paying loans/credit card give me a better APR?

Question by violet: Can paying loans/credit card give me a better APR?
I have recently paid of the balance I owe for a car loan and paid half of what I owe in my credit card. Will this help me a get a better APR for a motorcycle loan? How long does it take for all these loans to be erased from my credt report?

Best answer:

Answer by ceprn
probably not. Good credit stays on 10 years and bad credit stays on 7 years.

Give your answer to this question below!

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