what are the consequences of not paying off credit card debt?

Penny H asked: My family and I had an unplaned birth, and our now overwhelmed with medical expenses and the new expenses from the child. Since we did not have health insurance we became overwhelmed with bills. Over the last couple of years we have fallen progressively farther behind on our credit card bills. We [...]

What is a good way to eliminate credit card debt?

mike asked: i am having a very difficult time paying down the balances that I owe on my credit cards. I’ve tried calling them up myself and negotiating the interest rate, but they refuse to lower it. I can barely afford the minimum payments and just want to be done with this. I don’t want [...]

How do get my credit card debt to zero?

Ramesh asked: I had left USA around 4 years back as I could not get a job(software). When I left I had credit card debt. Now i want to be back and normalize my debt. I currently dont have a job. I checked my credit report on the internet but confused with the terms. Its [...]

Who can lower my interests and reduce my credit card debt?

nyc_purple_haze asked: Does anyone know a company which can reduce the
overall total of my credit card debt and lower interest?
I have heard a lot of information about them but was
wondering anyone with experience dealing with a certain
company who actually helped them. Thanks in advance

Reduce Debt?

Shakers asked: Here is the deal…I have $25,000 in student loans that are currently in deferment (but running out of time), I have $10,000 in credit card debt, I just changed jobs about 6 months ago, had a baby 8 months ago, and we are getting ready to have another baby in August. I [...]

How can I reduce my debt with the following situation?

showmethemoney asked: I own my home. My first mortgage is $380,000 my second mortgage is $90,000. I have approx $60,000 in unsecured credit card debt (approx 12 accounts). My home has dropped in value by about $40,000. What are my options? I would like to eliminate all my credit card [...]

Consumer credit counseling programs vs Debt negotiation plans which is more beneficial for your financial situation?

Most folks are aware that we here in the the United States of America are trapped in the middle of a mind numbing recession.  Needless to say this is causing severe loss to many people.  There are an increasing number of foreclosures plus increased levels of unemployment.  To make matters worse credit card debt is [...]

You hear about credit card debt all the time. What do you do when the debt is medical bills?

blueunicornapopka asked: Most of my debt consists of medical bill leftovers (the amount after insurance) that has gone to collection. I have not seen anything that deals with those types of bad credit. They say medical is not supposed to affect your credit but it does.Content supplied by Articlesbase.com

How do you consolidate credit card debt if you do not own a home?

RunsWithKnife asked: I owe about $12,000 in credit card debt and I wanted to make that my year’s goal to pay it off, but a lot of the websites I find require that you own a home, or charge a huge interest for someone to negotiate with your creditors to bring down interest. Does anyone [...]

What is the fastest way to get rid of student loan debt?

Ubiquitous asked: I’m paying off a lot of credit card debt and currently have my student loans in a deferral status. But the big monthly payments will start up again at the end of this year.

Aside from trying to drop off the radar screen or looking for a much better-paying job that [...]