Is it possible to consolidate my student loans and my credit card loans ASAP?

5 Comments

I have a lot of loans to pay back and I was just thinking about consolidating all the loans into one.
I have 2 credit cards ( one in collection , one almost in collection – hsbc and chase )
Then I got a student loan ( 3 of them – One citi bank , Sallie mae and Great lakes )

I am really desperate and stressed out because every single one of the above mentioned people keep calling me daily , and with my current job situation , i just paid the deposit to move into a new apartment because there was a shooting 10 feet away from my apartment door . My car payments are also very high ( 425/ month )

I need a plan and i was intending to sell my car , then pay off my credit cards ( one by one ) .
I had 3 credit cards in the beginning , but i paid off one of them few months ago .
How can i consolidate my student loans and 2 credit cards ?

I know it’s not possible to do them together.
but the payments i am making right now are just too much for me to handle with a 0/week paycheck on top of the rent and car payments i have to make . ( – for city bank, for chase bank , 5 for hsbc , for sallie mae , Great lakes – total bal = ,000( on forebearance )

Can I consolidate my student loans while I’m in school?

4 Comments

On my credit report I have like 8 or more loans and it looks horrible. It says their all in good standing, but I still cannot get anything such as credit cards, because of the loans. So I figured if I consolidate it would look so much better. Can someone explain to me in laymen terms about consolidating.

Refinance Student Loans?

5 Comments

I want to know if there is a way to refinance my student loans? I graduated in 1993 and have since consolidated my loans. I’m currently paying 9% interest on these loans. I don’t know what the current rate is on student loans, but I know it’s alot lower than 9%. Why can I refinance my home, my car, consolidate my credit cards, but can do nothing with my student loans?

Has anyone heard that Stated Income (no income doc loans) are going away completely?

5 Comments

I have been hearing that lenders will be discontinuing the stated income loan completely. Does this mean that everyone will need to provide tax returns, w2’s and paystubs to qualify for residential refinance and purchase loans? How many of you can qualify with what you make to refiance or buy a house? Will everyone have to have an overall debt (monthly minimum payments (on credit report), mortgage payment, property tax and homeowner insurance) vs income ratio of 45% or less? Let’s say you make 00 a month can you afford to buy a house, pay taxes and insurance on it, pay your car payment, credit cards or student loans and still stay at 00 month total payments so that you qualify? Does anyone think this is unrealistic?

I bought a home way under market value. How soon can i refinance?

6 Comments

I have student loans, credit cards, etc. I just want one bill to keep track of instead of 50.

Will I receive a 1099 for a cash-out mortgage refinance?

2 Comments

I am refinancing my mortgage to consolidate debt. The current mortgate and HELOC are listed in the mortgage documents, but the other loans, ie credit cards, student loans are not listed and will be paid from the cash I receive at close.
Is the cash-out portion considered income that I will have to pay income tax on?

How do student loans affect financial aid?

3 Comments

This year (freshman) all of my tuition is getting payed by government financial aid. However, I need money for other things like housing and credit cards. Will a student loan affect next year’s financial aid even if all of the money were spent? What kind of student loan would be better to get, private or federal?

Can we refinance our home to cover the cost of outside debt?

5 Comments

We are ,000 in debt with health care, credit cards, and student loans. We have ,000 in home equity so far. Could we refinance our home and pay these outside debts?

I am being constantly harrassed by Student Loan Consolidation outfits. What is the ripoff or horror of this?

2 Comments

How can a person consolidate their loans clear down cheaper than the federal government originally offers it for? There must be a catch for these companies to make money, right? Are these set up like credit cards, where you have to pay on time everytime and if you miss a payment and try to make up for it by sending extra, they’ll add on their fee and raise your interest to whatever they want to charge? Does it lock up everything you own as well?

I need to refinance my home in 5 years and owe only student loans. Will it be problem?

3 Comments

I have 1 credit for my husband and I (who had to file chapter 7 a year ago because he had lost his job and couldn’t pay his credit cards after he got a new job due to the HUGE increase in rates for being late while he was off from work; he didn’t receive unemployement either) and I’ve paid off all my credit cards but 1 for 00. I do have ,000 in student loan debt though. Do you think we will have a problem re-financing in 5 years (damn ARM) for around 0k ??
1 credit = 1 credit card
What is a community property state?

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