What are all of the pros and cons of each debt resolution or debt consolidation option? How will each affect my credit report?
My boyfriend has horrible credit due to non-payments and a mortgage foreclosure. His debts have been settled recently. If I co-sign a loan with him, will it affect my credit?
I have a dispute with a vendor that has been authorized to debit my account each month. According to my bank, the only way I can stop this monthly payment is to either have the vendor cancel the automatic debit, or close the account. I'm OK with closing the account. But my question is this: if I happen to have a second, different account at that bank, can the vendor (or the bank) satisfy...
Read full question
We live in Alabama. My wife died with about $17,000 in credit card debt -- all in her name. She also has a car loan in her name only which she purchased credit insurance on. We own a home with some equity but not much. What could I expect from the credit card companies? Would they put a lien on our house? Could they force a sale? Would they come after a fairly new paid off car in her name? W...
Read full question
I have a $10,000 certificate of deposit (CD) maturing soon. Since CDs are earning only 1.5-3%, would I be better to pay-off my car loan at 6% or pay-down my second mortgage and not renew the CD? I'm not sure which would be better to pay-off or pay down.
A debt collector is suing me for $5,700 in credit card debt. The credit card was in my name and the suit is also in my name only. Is my spouse responsible for my debt? If I get judgment against me and later file for bankruptcy will I still be liable for the debt?
I am in the process of building a catering business. I have purchased the land, laid the foundation and am in the process of purchasing a metal building. I have good credit and high debt and want to borrow between $10-15,000 to assist me with completing the job. Any advice?
Can a financial institution collect on a charge-off account from nine years ago because they have merged with your present financial institution without giving you notification they will take your money?