Credit Repair Questions & Answers

tevesay7 asked:


I am 21 years old and in $15k of credit card debt. I make just about $14k a year. I made a lot of stupid decisions when i first got my credit cards. I am living at home and unable to to move out, or do anything at all for that matter. I don’t spend any money and I put all my money towards bills though a credit counselor. Would I be able to declare bankruptcy?

Lisa J asked:


I filled out an online application for information about getting rid of debt, and I’ve heard that you can legally eliminate your debt?? I’ve know that Settlement is a good option, but not sure about Elimination. Anyone know?

Karen Anne asked:


I am currently in debt with a school loan and my current banking source. I need immediate help with consolidation so that I don’t fall into debt.
What is the best method to go to achieve the best results for consolidating? Bankruptcy? Will that ruin my credit.

ruthlostatooth asked:


A friend of mine is in extreme debt. He already filed for bankruptcy. This is not a good resolution because he has to pay the credators anyway. Is there any way I can help resolve this situation to get out of debt completely in a short amount of time.