Does anyone know how I can help my friend consolidate his debt?

Does anyone know how I can help my friend consolidate his debt?
by

1 Answer

Answer :

I reccommend Dave Ramsey’s book “Financial Makeover” not only will it help him get out of debt but it will keep him from going back into debt. There is a chapter where debt consolidation is discussed.
by

Related questions

Have you used any debt relief programs, or do you have anyone you would recommend for taking over my Sallie Mae Loans?

Description : Have you used any debt relief programs, or do you have anyone you would recommend for taking over my Sallie Mae Loans?

Last Answer : answer:I'm in the same boat as you, and unfortunately right now with the economy being what it is you're going to be hard pressed to find anyone. Wells Fargo has a program, but with them as ... your income increases . added side bonus they tend to pay the loan off faster in the long run).

What happens to ones debt when someone because deceased?

Description : What happens to ones debt when someone because deceased?

Last Answer : I think it gets passed on the living relatives or children.

Which debt payment plan would you choose/suggest?

Description : Which debt payment plan would you choose/suggest?

Last Answer : I think you can figure it out. After raising my family I was in a good bit of debt and I consolidated it with a credit line then moved it to a zero interest credit card for 12 months ... got out of debt. Just be careful about opening and closing credit card accounts-it affects your credit score.

I'm not far enough in debt to get debt relief, but im just far enough behind where I can't get ahead. How can I become debt free when I seem to be stuck?

Description : I'm not far enough in debt to get debt relief, but im just far enough behind where I can't get ahead. How can I become debt free when I seem to be stuck?

Last Answer : Welcome to life. Sometimes you just have to deal with bad credit until you have the means to take care of it. Survival is your first priority, this means shelter, food, and environmental control (electric). Any ... nothing to scoff at, but in the big scheme of things it is not the end of the world.

how to get out of debt

Description : how to get out of debt

Last Answer : Stop borrowing, reduce spending and cut costs. Make higher payments. Pay extra on high interest loans first. Find something to do on the side that adds to your income.

I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Description : I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Last Answer : Are you sure about the $2k? I believe you lose more than that because you are looking at taxes + penalties for early withdrawal. I would try to negotiate with the credit cards to get a lower interest rate. Also, if you have any room, try to do a balance transfer (watch out for the transfer fee).

What's the easiest way to get out of debt?

Description : What's the easiest way to get out of debt?

Last Answer : money.

Should prisoners get a bill at the end of a stay in jail?

Description : Should prisoners get a bill at the end of a stay in jail?

Last Answer : Funny.. My mom did ten years. She got out and was straddled with a 2.5K bill for parole fees.. If she didn't pay the bill she would violate the parole and go back in for another ten ... think this is a serious proposal. You get disability. Maybe you should be making doilies to payback what you get.

10 US industries that may never recover. What would you do to rebuild the economy?

Description : 10 US industries that may never recover. What would you do to rebuild the economy?

Last Answer : answer:So if we can just stop all Government spending too, everything will balance. We can become like the libertarian paradise of Somalia. Woo hoo! No government! Freedom! But seriously, we ... projects are using Chines hardware. We are losing the first big economic contest of the 21st century.

Can a payday loan company garnish my wages? Also are they allowed to call my work and speak to other employees and tell them that I commited Fraud?

Description : Can a payday loan company garnish my wages? Also are they allowed to call my work and speak to other employees and tell them that I commited Fraud?

Last Answer : answer:When you took the loan, I'm sure you put your name on a contract. If you didn't meet the terms of that contract, they are allowed to try to claim their money. My rule of thumb ... a harassment claim, but that would likely cost you money to pursue. Still, most lawyers give free consultations.

I got sick and now I am in financial trouble?

Description : I got sick and now I am in financial trouble?

Last Answer : I can’t think of what to say except {{{hugs}}} @Just_Justine.

What's a good way to get student loans organized?

Description : What's a good way to get student loans organized?

Last Answer : See if you can get the Federal Student Loan Program to take over your debt.

If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Description : If I consolidated all my debt, would I have a good chance of getting a credit card or loan with a decent cedit line? How long does it take to consolidate debt?

Last Answer : answer:Your eligibility for a credit card or loan with a decent amount of credit would depend on your credit report and credit history. Lots of open credit accounts, late payments, and number ... the lender you are looking to consolidate with. Both will look into your credit report for information.

I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Description : I refinanced 4 months ago to consolidate debt and was suppose to refinance again to get a lower rate. Bank now says can't refinance before 6 months of payments have been made. Is this true?

Last Answer : Untrue. I was promised an immediate refinance and it is 2 1/2 yrs. later and I have not been able to refinance. With Conventional loans there is no seasoning. FHA loans do require 6 months. ... There are obviously other issues which have nothing to do with the number of payments that have been made.

How to consolidate debt and get a better credit score?

Description : How to consolidate debt and get a better credit score?

Last Answer : Christian Debt Consolidation is the best they either do not charge a fee or a very small fee to help consolidate your bills. Also all balances on credit report must be half or more paid to keep a good score.

How do I consolidate my debt to improve my credit score?

Description : How do I consolidate my debt to improve my credit score?

Last Answer : The best way to consolidate your debt is to go to your bank and speak with their consultant. They usually have a department to help you with reducing your debt.

What companies will help me consolidate my old student school loans?

Description : What companies will help me consolidate my old student school loans?

Last Answer : I called a company that advertised in one of the medical magazines that was at the hospital. I tell all of my co-workers now to consolidate with Medical School Loans private student loans, Jennifer ... all of my federal loans to consolidate my new loans and my old loans with Medical School Loans.

Does anyone know a good company to consolidate student loans?

Description : Does anyone know a good company to consolidate student loans?

Last Answer : Welcome to the real world! you think it’s bad now . . . wait till you get to form a family with kids. . . . you’ll need all the training and disciplne you can learn at this time. Check out www.SallieMae.com

How to consolidate files on external harddrive?

Description : How to consolidate files on external harddrive?

Last Answer : Look over these and see which one works best for you. There’s a bunch of clone removers out there.

Can I re consolidate my student loans now that the interest rate is lower?

Description : Can I re consolidate my student loans now that the interest rate is lower?

Last Answer : It would be advisable. Speak to a specialist broker.

Explain the three fold plan of Hitler becoming Chancellor of Germany to consolidate the Nazi power. -History 9th

Description : Explain the three fold plan of Hitler becoming Chancellor of Germany to consolidate the Nazi power. -History 9th

Last Answer : When Hitler was appointed chancellor, Hindenburg was president, but he was old and ailing. When he died, Hitler announced he was eliminating the position of president, so he would be the undisputed leader of ... down) when prompted to do so. Failure to do so was treason, and punishable by death.

What is the suffix for consolidate?

Description : What is the suffix for consolidate?

Last Answer : What is the answer ?

How can I consolidate student loans?

Description : How can I consolidate student loans?

Last Answer : Special Direct Consolidation Loans are not the same as traditional Direct Consolidation Loans that borrowers would apply for through this Web site. Only certain borrowers are eligible for Special ... site. Doing so will make them ineligible to participate in the special consolidation opportunity.

My soon to be exhusband wants me to file taxes jointly. Will I be responsible for his debt?

Description : My soon to be exhusband wants me to file taxes jointly. Will I be responsible for his debt?

Last Answer : Not trying to “pass the buck,” but you REALLY need to consult with a CPA regarding all such tax questions, because I don’t feel that you can get a definitive answer here, without a bunch of highly personal questions being asked of you.

Against which team did Virender Sehwag make his one day international debt? -Do You Know?

Description : Against which team did Virender Sehwag make his one day international debt? -Do You Know?

Last Answer : answer:

Why does Clark feel he owes his aunt a debt?

Description : Why does Clark feel he owes his aunt a debt?

Last Answer : Need answer

A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation

Description : A type of loan, where the bank or the lending institution provides the borrower with a loan that helps the borrower to pay off his all previous debts is termed as ________ A. Debt Recovery B. Debt Settlement C. Debt Management D. Debt Consolidation

Last Answer : D. Debt Consolidation Explanation: Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.

If the property ordered to be attached is a debt or other movable property, the attachment under this section shall be made a) By seizure b) By the appointment of a receiver c) By an order in writing prohibiting the delivery of such property to the proclaimed Person or to any one on his behalf d) By all or any two of such methods as the court thinks fit

Description : If the property ordered to be attached is a debt or other movable property, the  attachment under this section shall be made a) By seizure b) By the appointment of a receiver  c) By an order in writing ... to any one on his behalf d) By all or any two of such methods as the court thinks fit

Last Answer : d) By all or any two of such methods as the court thinks fit

Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including dividend in the ratio of 6 : 7 in Debt and Equity Funds. If the amount reinvested in Equity Funds was Rs. 94,500/-, what was the original amount invested in Equity Funds? (a) Rs. 75,000/- (b) Rs. 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Description : Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including ... . 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Last Answer : (a) Rs. 75,000/-

1. Which day is celebrated as United Nations Day every year? 2. Against which team did Virender Sehwag make his one day international debt? 3. Which gas do not considered as polluting agent of air ? 4. Which connects the ocean floor level with the continental level ? 5. In the Mughal administration, by whom was military recruitment being looked after?

Description : 1. Which day is celebrated as United Nations Day every year? 2. Against which team did Virender Sehwag make his one day international debt? 3. Which gas do not considered as polluting agent ... Which are the two volcanic islands in the Indian territory? 20. Who translated Ramayana into Persian?

Last Answer : Answer : 1. 24th October 2. Pakistan 3. CO2 4. Continental slope 5. Bakshi 6. Only with the consent of the Centre 7. Fair weather 8. Liberalisation of the economy 9. Mississippi river system ... . Jehangir 16. Methyl isocynate 17. Football 18. Balance of trade 19. Narcondam and Barren 20. Badaurii