http://blog.goodcreditapproval.com Wed, 03 Mar 2010 17:14:57 -0600 http://wordpress.org/?v=2.9.2 hourly 1 http://blog.goodcreditapproval.com/2010/03/credit-card-debt-explained-with-a-glass-of-water/comment-page-1/#comment-1847 Chase69Chase Wed, 03 Mar 2010 17:14:57 +0000 http://blog.goodcreditapproval.com/2010/03/credit-card-debt-explained-with-a-glass-of-water/#comment-1847 Overall, nice presentation, but why was the debt dropping $1 per month at first, then slows to $5 per year? That skews the numbers higher, but the debt is still catastrophic. Overall, nice presentation, but why was the debt dropping $1 per month at first, then slows to $5 per year? That skews the numbers higher, but the debt is still catastrophic.

]]> http://blog.goodcreditapproval.com/2010/03/credit-card-debt-explained-with-a-glass-of-water/comment-page-1/#comment-1848 snivesz32 Wed, 03 Mar 2010 02:12:54 +0000 http://blog.goodcreditapproval.com/2010/03/credit-card-debt-explained-with-a-glass-of-water/#comment-1848 Good Illustration. I don't think debtors dispute this knowledge, rather they fall victim to the psychological trap of deferred pain. Paying $20 for something at a later time seems less painful than paying $10 for it today. The problem is compounded when they don't have the $10 in the first place. Good Illustration. I don’t think debtors dispute this knowledge, rather they fall victim to the psychological trap of deferred pain. Paying $20 for something at a later time seems less painful than paying $10 for it today. The problem is compounded when they don’t have the $10 in the first place.

]]> http://blog.goodcreditapproval.com/2010/02/any-credit-counseling-services-that-deal-with-cashcall/comment-page-1/#comment-1751 Kimberly G Sat, 27 Feb 2010 23:18:51 +0000 http://blog.goodcreditapproval.com/2010/02/any-credit-counseling-services-that-deal-with-cashcall/#comment-1751 Going through a credit counseling company, will hurt your credit more than help. The reason for this is that banks view is as you saying "I can not be responsible with my debts, I want someone else to do it for me." And credit counsel companies are only willing to help you with unsecured debts, such as credit cards, store cards. You're better off asking for a settlement offer from each of your creditors by calling them YOURSELF. Banks will always help their customers, be brave enough to ask for it. Every bank has special programs people who need the help to pay off their debt. As for the CashCall: they are classified as a PAYDAY ADVANCE not a UNSECURED LOAN, that is why the counseling companies cannot help you. They fall under a different set of banking rules. Going through a credit counseling company, will hurt your credit more than help. The reason for this is that banks view is as you saying “I can not be responsible with my debts, I want someone else to do it for me.”
And credit counsel companies are only willing to help you with unsecured debts, such as credit cards, store cards.
You’re better off asking for a settlement offer from each of your creditors by calling them YOURSELF. Banks will always help their customers, be brave enough to ask for it. Every bank has special programs people who need the help to pay off their debt.
As for the CashCall: they are classified as a PAYDAY ADVANCE not a UNSECURED LOAN, that is why the counseling companies cannot help you. They fall under a different set of banking rules.

]]> http://blog.goodcreditapproval.com/2010/02/any-credit-counseling-services-that-deal-with-cashcall/comment-page-1/#comment-1750 cparsley Sat, 27 Feb 2010 22:02:42 +0000 http://blog.goodcreditapproval.com/2010/02/any-credit-counseling-services-that-deal-with-cashcall/#comment-1750 No disrespect to Gemini, but come on here, they rather have someone wanting to deal with the issue than slinking off.... Also, CashCall is NEVER going to work with anyone, even if they come out and ask... Honestly, WTF were you thinking going to that rip-off center known as CashCall. Do a search online, you'll find out how bad they are in mere moments. If you need the help, use something like CCCS (a non-profit credit counseling service) but with CashCall, good *****ing luck :) No disrespect to Gemini, but come on here, they rather have someone wanting to deal with the issue than slinking off….
Also, CashCall is NEVER going to work with anyone, even if they come out and ask… Honestly, WTF were you thinking going to that rip-off center known as CashCall. Do a search online, you’ll find out how bad they are in mere moments.
If you need the help, use something like CCCS (a non-profit credit counseling service) but with CashCall, good *****ing luck

]]> http://blog.goodcreditapproval.com/2010/02/can-i-get-a-debt-consolidation-loan-with-bad-credit/comment-page-1/#comment-1740 darwin Sat, 27 Feb 2010 01:48:58 +0000 http://blog.goodcreditapproval.com/2010/02/can-i-get-a-debt-consolidation-loan-with-bad-credit/#comment-1740 Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan<!--allows you to condense your monthly payments into a single, simple bill, while lowering your interest rates and helping you pay down your debts more quickly and easily. It is also an essential tool in avoiding the much more serious step of declaring bankruptcy. http://badcredits.awardspace.com/Loan-Consolidation.htm Unlike bankruptcy, in which debts are cancelled and your credit rating collapses completely, debt consolidation loans are essentially a type of refinancing, where several-->old loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail. Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan