Posts Tagged ‘Banks’
I’m 25, have almost $50,000 worth of debt. What can I do to clean up my credit so I can buy a house?
February 4th, 2011 | 
Author: 
Rachel D asked:
I have good credit, never made a late payment and always make atleast my minimum payments, and then some. I recently consolidated some credit card debt and some of my fiance’s debt with a $30,000 private loan which we pay together. Then I have about $20,000 worth of debt in consolidated student loans, car loan and some store credit cards from home related items (tv, furniture, etc.)purchased with 0% or low financing. All of my debt and most of my fiance’s is in my name because his credit was too bad to get any loans, etc. So even though it’s all in my name, we have no problem making payments each month since there are 2 of us paying. But as we work on getting his credit in line for him to one day be a co-signer for a house, what can we do to get my credit up seeings how I have so much of my credit tied up for the both of us? I’ve already closed any zero balance credit cards I had open but what more can I do??? Thanks for any tips anyone may have
OK, so as far as a debt/income ratio… not sure if this is how you figure it out but if you take my monthly income and deduct my minimum monthly payments, I have about $1,000.00 left over. (Keeping in mind my fiance pays about 30% of my debt monthly as well, but I know banks don’t take that into consideration in this case) Once he has enough credit for us to co-apply, our combined yearly salary is over $80,000 a year and currently our debts together are about $70,000 total….if this info helps at all…. and thanks for all your helpful comments!
Consolidating Student Loans
I have good credit, never made a late payment and always make atleast my minimum payments, and then some. I recently consolidated some credit card debt and some of my fiance’s debt with a $30,000 private loan which we pay together. Then I have about $20,000 worth of debt in consolidated student loans, car loan and some store credit cards from home related items (tv, furniture, etc.)purchased with 0% or low financing. All of my debt and most of my fiance’s is in my name because his credit was too bad to get any loans, etc. So even though it’s all in my name, we have no problem making payments each month since there are 2 of us paying. But as we work on getting his credit in line for him to one day be a co-signer for a house, what can we do to get my credit up seeings how I have so much of my credit tied up for the both of us? I’ve already closed any zero balance credit cards I had open but what more can I do??? Thanks for any tips anyone may have
OK, so as far as a debt/income ratio… not sure if this is how you figure it out but if you take my monthly income and deduct my minimum monthly payments, I have about $1,000.00 left over. (Keeping in mind my fiance pays about 30% of my debt monthly as well, but I know banks don’t take that into consideration in this case) Once he has enough credit for us to co-apply, our combined yearly salary is over $80,000 a year and currently our debts together are about $70,000 total….if this info helps at all…. and thanks for all your helpful comments!
Consolidating Student Loans
Are there banks that consolidate your credit card debt so you can make just one payment a month?
elwoods10 asked:
Hi,
I am student and am getting nervous about my credit card debt ($5,000). It is such a hassle to pay on each card each month. I want to consolidate all the debt and make one payment each month and start paying them off. It’s difficult bc I am student and do not have an income. I have school loans I use while in law school. Any suggestions?
Consolidate School Loan
Hi,
I am student and am getting nervous about my credit card debt ($5,000). It is such a hassle to pay on each card each month. I want to consolidate all the debt and make one payment each month and start paying them off. It’s difficult bc I am student and do not have an income. I have school loans I use while in law school. Any suggestions?
Consolidate School Loan
Posted in Student Debt | 
Tags: Banks, Consolidate Debt, Hassle, Law School, School Loans | 
2 Comments »
where can I find the best deals for private student loan consolidation?
larsonface asked:
I can find plenty of banks that offer private student loan consolidations loans, but often, many places seem “gimicky.” Any help appreciated!
Consolidating School Loans
I can find plenty of banks that offer private student loan consolidations loans, but often, many places seem “gimicky.” Any help appreciated!
Consolidating School Loans
Posted in Student Loan Consolidation |
Tags: Banks, Best Deals, Student Loan Consolidation |
No Comments »
why are most major banks suspending federal consolidation loan applications?
tridoc asked:
I am newly out of school and was looking to consolidate my outstanding federal student loans (just unsubsidized and subsidized Stafford Loans), but none of the major banks will accept new loan applications. That is including Sallie Mae, Chase, and Wells Fargo. What other options do I have? I prefer major banks, especially the way are economy is right now. How long would these programs be suspended?
Settlement Credit Card Debt
I am newly out of school and was looking to consolidate my outstanding federal student loans (just unsubsidized and subsidized Stafford Loans), but none of the major banks will accept new loan applications. That is including Sallie Mae, Chase, and Wells Fargo. What other options do I have? I prefer major banks, especially the way are economy is right now. How long would these programs be suspended?
Settlement Credit Card Debt