What is consolidating credit card debt?

Answer American families who had at least one credit card owed an average of $10,679 in 2008, according to When credit card bills become hard to handle, consolidating the debt is one poss... Read More »

Top Q&A For: What is consolidating credit card debt

Does consolidating debt hurt your credit score?

On One Hand: Consilidation Can Hurt ScoreFor someone in serious trouble with debt, a debt consolidation loan might seem like a good option. However, according to Craig Watts of Fair Isaac Corp., c... Read More »

How does consolidating your debt affect your credit score?

All they do is take one big check you write them, and pay off your creditors. When one debt is done, they take the money from that and apply it to debt #2, so it goes faster until it's paid. Repe... Read More »

Can personal property or a paid off condominium be taken by a debt collector to pay off credit card debt in Pa?

Creditors may certainly look to seize/attach your assets of most types to pay the debts you promised or obligated to pay and don't. They also get to recover any costs for having to act to have you ... Read More »

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »