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and can’t afford to pay for credit cards or car payments after repo. i’ve no property waht so ever, but only one paid off car crown vic 97.
can they take it awayfrom me?
can they garnish my wages? if yes, after how long it takes to start garnishing?
does the debt goes away after sometime?
how badly can they harass me?

My boyfriend and I just turned in an application to rent a two story one bed room town house. He has great credit but my is bad. While putting myself threw college last year I lost my job and put all my bills on my credit cards now I am in debt. I did not get my car repossessed but I forfeited it.

Is there a chance we could be rejected? I explained my situation to her but did not mention the car forfeit. On what term do landlords reject applications to rent?

I financed the car for 00. Now 00 is due to the bank (remaining balance, I had a car for about 6 months). Thepayment was due on April 1st, so they will repossess the car about May 1st. I couldnt negotiate my payments with the bank, they didn’t want to lower the interest. Can i sell my car to my neighbor for about 00 and the rest of the money (00) will go to the collection department because repossession is sooo bad?? I stopped paying my credit cards about 3 months ago and own about 30 K in debt. I am going to file for bankruptcy. I don’t have any real estate.

What options do I have>?? Please help me!

I have a vehicle through Chrysler Financial that is about 15 days overdue on payments. However, according the guy I talked to today, because most of my payments have been overdue in the three years I’ve owned the car, they are offering no more leniency. I’m trying to get rid of the car because I really can’t afford it, but really can’t have it repossessed before then.

I tried to offer to pay this month’s payment and next month’s on June 13, but they said I need to come up with the money tomorrow, or it’s going to get repossessed.

I don’t have the money to cover it and my parents and friends won’t lend me any more money. I don’t have any other place to go to get money (no credit cards, no overdraft, no 401k). I will have the money on June 13 (bonus), but I’m afraid that’s going to be too late.

I tried a payday loan, but they won’t give them to me because my state prohibits them.

Is Chrysler Financial really going to repossess the car, do you think? I’m freaking out.

Just ask yourself: is the credit card working for you or are you working for your credit card? Most people’s response to that question will depend on how they use their “plastic pal” as credit cards are sometimes known. As many people with burned fingers will tell you, they didn’t realize that things had got so bad until too late, because most credit card companies try so hard to make themselves sound like a charity. Well, take it from me, they aren’t.

However, this is not an anti credit card campaign. They have their plus points – in America, for example, if you want to rent a vehicle, you must have a (major) credit card. But, consider this situation:

You get an offer in the post that sounds good, perhaps it’s a new television or refrigerator. But it costs $2,000. You have a credit card with a $5,000 limit, so you go out and purchase the product right away. Often, this is how your repayment schedule will work out. Most credit cards charge a minimum percentage of the remaining balance (typically 2 percent) per month. Assuming the interest rate is 18 percent and you choose to repay the minimum amount of $40, $30 of that will go towards interest and only $10 will come off the $2,000 you borrowed!

Does it sound scary? Well, it doesn’t have to be. The moral of the illustration is to use the credit card very, very carefully.

Credit Cards Dos and Don’ts

There is a lot of truth in the saying that credit cards are not a substitute for not having money. Every time you use a credit card this should be the theme song playing in your head. Moreover, you would do good to remember the following too:

Dos.

1] Always plan for the purchases that you need and those that you only want. You need the essentials, and you want everything else. The ability to make a distinction might help you plan wisely.

2] If you are caught up in financial difficulties, it’s always a good idea to talk to the credit card supplier who might re-schedule your payments. If you just default, that only helps to build up a bad credit history and you might find yourself being denied credit in the future.

3] Unless it is an emergency, staying within your credit limits will help you a lot. If you must spend over the limit, ensure you are within manageable levels, say within 30 percent.

4] If your letterbox is full to the brim with details on credit cards that have better offers than you are currently receiving, you could always approach your issuer for a better deal. They want to keep your business, so they will hear you out.

Don’ts

1] Do not use your credit card to purchase household items. It is very expensive in the long run.

2] Do not just pay the minimum amount. You will end up paying exorbitant amounts of interest. The quicker you are able to clear the debt the better.

3] Do not use the credit card to buy things you can’t afford.

If you are thinking onchanging or getting a Credit Card, have a look at the free advice on our website on using Credit Cards wisely.

categories: credit cards,credit,finance,loans,mortgage,money,self help,advice,banking,funds,debt,shopping,auto,other

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