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Previous Forum Posts/Comments about collateralized debt obligations
Posted on: Nov 20, 08 06:18 am by: Jennifer Bryant
Can any of you give me some advice about this?...
The cutting of the expenses will be admissible till the unnecessary expenses have to bear the brunt. But it becomes difficult to make way for the repayments by cutting the necessary expenses. Thus it will be advised to not burden your finances with a number of mortgages.
Posted on: Nov 19, 08 10:23 pm by: Jamal Hutchings
What do you all think of this?...
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Let's look at just one bit of advice. In our Get Out of Debt nook, we recommend that you call your credit card company and ask for a lower interest rate:
"Let your creditors know your situation. Tell them that if you are unable to renegotiate terms, then you have no other recourse except to declare bankruptcy.
Posted on: Nov 19, 08 07:52 pm by: Bob Ayala
Look at what finally happened...
When you close open accounts, those credit lines are no longer factored into your ratio. Thus the percentage of debt to available credit will increase. Ouch.
Posted on: Nov 18, 08 10:05 pm by: Alison Day
I found this while looking on the internet...
But now she handles the situation by asking for extra shifts "and I pay the balances off as fast as I can. "
Howard Dvorkin, president of Consolidated Credit, said many people have so many credit cards they don't know how much they owe overall. He offers a step-by-step approach to help consumers work on the problem:
_ First, list all your bills on a single sheet of paper in three columns: who you owe, how much and the minimum monthly payment.