How do I get funds to pay off debt on credit report?

Question

Also so that I can purchase a home.

Answer 1

Don't look for a crazy, high-paying scheme. They never work. Try to find a job or career that you enjoy, do well and that pays sufficiently. Open up a savings accound w/o a debit card and start putting money away into that account to eventually pay off your cards. Always remember to think about your situation before buying something you might not need.

Answer 2

First things first, if you're short of cash you need to deal with that, do you have a job? If not find one, if so take a look at your finances and see where you can trim the fat out of your budget.

If you still need more money to make ends meet and pay off your debt, explore other job obtions or consider a second job or a new job moonlight or do something, do some house cleaning on the side or whatever.

Forget abt the house for now, focus on the debt, sit down write a written budget and in addition to that a debt payment schedule, get all your cards and balances down on paper, along with the interest rates. How much are you going to devote to each card each month or even better each week (most cards will accept online payments so everytime you get paid you should pay them something even if it's not much) Calculate how long it will take for you to be out of debt using one of the online calculators you may be able to find one that helps you at http:://www.bankrate.com

Saving money for you is not as important as paying off debt and NOT AMASSING ANY NEW DEBT. You can save a small amount as a financial cushion but saving money while you're in debt is money down the drain in interest that you're paying, if your APR is 18% and you're not getting 18% or more on the money you're saving, YOU'RE LOSING.

After your debts are paid down or balances are below 30% of your total credit limit, then think about saving for a house. Keep in mind that patience is a virtue don't rush to buy when you hardly have anything to put down, it's better to wait until you have a sizeable down payment, nothing below 20% and the more the better.

Now you're only gonna "get" funds through working, savings, generous relatives and perhaps you can look into state and federal programs for first time homebuyers. Try hud.

Answer 3

Live on a written budget, spend less than you make, sell stuff, get an extra job or two.

Also, before purchasing a home, make sure you have money in the bank. Most people don't realize how expensive it is to maintain a home. Many first time homeowners focus on the monthly payments and not the additional expenses.

Ensure that you understand property taxes, homeowners insurance, increase in utilties, maintenance, etc. before buying a home.

Also, you may need to purchase appliances, window treatments, paint, etc.

Save at least $1,000 in the bank for emergencies before purchasing a home. Otherwise, you'll use a credit card when unexpected events happen.

Scott........

Answer 4

Debt Consolidation
It means to structure a plan so that you can pay back monies owed under a single loan/payment plan. This means you will have to assess your income, regular expenses and variable expenses. It would be advisable to have a debt/financial counsellor or loan officer assist you with this in order to consolidate all your debts into one repayment plan that is affordable to you. Debt consolidation helps to get you out of debt especially if you make it part of a financial plan. You can also consult your financial officer should you decide to get one about your plan to purchase your own home.

An explanation of Debt consolidation can be found at the site below. Good luck….

Answer 5

Honestly, the only legal way to do it is to buckle down and get a job and pay them off. You can negotiate with the creditors to take less than the amount owed, but don't pay anything until they sign something saying they'll take it off your report. A good book to read is "Life After Debt" by Benjamin Dover. It will help a lot. Good Luck.

Answer 6

Have you considered cyber begging? Many individuals have earned thousands of dollars by simply setting up a web site, telling a sad story, and asking for help. One woman racked up over $20,000 in credit card debt because she liked to look pretty. She told her story on her web site and people sent her money so that she could pay her credit cards. Its fun, its easy, and its a proven income alternative.

Answer 7

Bad Credit You Can Still Get a Mortgage to Buy a House
By: John R Blakefield

You're doing the right thing...Research! Use this article and web site to learn as much as you can!

Good luck.

Answer 8

Consolidate your debts.

Choosing online debt consolidation is very convenient as it allows you to total all your debts into a single one and then make a payment once a month. The companies offering online debt consolidation allow the interest paid to be treated as tax deductible.

These debt consolidators are spread widely and can be contacted easily. Their websites provide all the information needed to help you make the decision. These sites also have links to other consolidators’ websites to meet ...
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Answer 9

Matthew Lesko has some grant books that tell all about that stuff. I think there is actually one that specifically says "How To Pay Your Bills With Gov't Grants"

there are others though, just search his name and it'll bring up a bunch and reviews on him.

:: AND WHAT OPUS SAID::

Answer 10

Your score will bypass up, notwithstanding it may take in to 6 months for the replace to really mirror. each and anytime you sparkling a debt, your score will mirror a paid account. notwithstanding: the very reality you remained negligent on an merchandise, even after its paid, can stay on your rfile as a lot as 2 years.