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Jul/09Mark Cappel
July 21, 2009I have a question about saving and paying off debt. Right now, my husband and I have no bills except credit cards and loans, totaling about $5K. We don't pay rent, car payment, utilities, etc. The only thing is the CC and loans. But here is the catch, I don't work, I'm pregnant with our second child, and my husband doesn't make enough to cover the bills. How Can I Save Money?...
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Jul/09Mark Cappel
July 21, 2009I had a $15.000 Business Loan check clearing my bank so I wrote checks freely. The check was bogus and the company a scam! I am $800 overdrawn and a grocery store has threatened to call the sheriff! I have bad credit and a loan is next to impossible to get! My bank has closed my account. What should I do?
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Jul/09Bills.com Team
July 20, 2009I am 51 and I became permanently disabled last year. My home is paid for and if I didn't have a large credit card debt I could easily live on my SSDI payments. Nearly half of my SSDI income goes to credit card payment. I currently have an excellent credit score however (in the 700s). I'm coming to critical times however and there just may not be enough to live on. Is it all that important to...
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Jul/09Mark Cappel
July 15, 2009I need to downsize my spending. Due to a divorce and filing bankruptcy, I was left in a bad situation. I needed a car and purchased one with a high interest rate. Due to the rising cost in the economy, my money is being stretched beyond breaking points. It has come to the choice of providing basic necessities for my family or paying a large car payment on a small car. I'm paying double what th...
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Jul/09Bills.com Team
July 10, 2009I filed bankruptcy 7/08 in North Carolina. I lost the car I had, purchased another car, was on a very tight time frame to do so, went to a car lot my lawyer suggested. The salesman looked at my information, the bank told me what I could afford to pay monthly and I picked a car. Unfortunately, I was trying to recover from the bankruptcy and the payment was too high. I struggled with the payment fr...
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Jul/09Mark Cappel
If a bank forecloses on one house, can it attach a home equity loan on that house to another we own?
July 9, 2009My husband and I have two homes. House No. 2 had a buyer with lease/option that fell through recently. We do not have the money to pay for two homes (rent will not cover mortgage). House No. 2 has a home equity loan attached to it. If we let it go back to the bank, can they attach the home equity on to House No. 1, the one we live in? We cannot sell House No. 2 for what we owe in this market...
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Jul/09Mark Cappel
July 9, 2009I filed Chapter 7 two years ago and kept my home. I'm just caught up on my payments. I want to sell my home but I can't get out what I owe on it. I tried a short sale offer, but it was not reasonable to the mortgage company. I can't rent my home because it's not allowed in my neighborhood. I don't know how to get out of this without them coming after me. I'm not worri...
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Jul/09Mark Cappel
July 8, 2009
I live in Illinois and my step-sister lives in North Carolina. She keeps getting calls from a attorney that says he's going to sue me for a JC Penney account that was charged off in 2004. What should I do since I have no money to settle this debt? Also they keep harassing her and got her name and phone number off the Internet. I never put her name on anything.
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Jun/09Mark Cappel
June 29, 2009My daughter wants to take out a loan to pay off MY car loan (she likes my car and doesn't want me to trade it in). She can't afford the monthly car payment I currently have. So, she wants to take out a loan to pay off the car (approx. $11k). What's the best approach to do this?
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Jun/09Mark Cappel
June 26, 2009We opened a business line of credit in about 1985 in the name of our corporation. We sold the business in 1993 to a friend and stupidly left him to pay the line of credit. It has been 60-90 days behind for 15 years but has never showed up on our credit report. Now a collection company is calling wanting us to pay it off. Will this ever show up on our personal credit if we ignore it?
