Archive for January, 2010

What is the easiest way to consolidate credit cards w/out having to file for bankruptcy?

Jan 30

Posted by Credit Competitor in Personal Finance | 1 Comment

Stepmom7 asked:

My husband and I have around $20,000 in credit cards and I want to get them all on one to only have one payment. Do I get another credit card and put them all on there, get a personal loan, or is there something else out there that can help us? We have good credit, so I don’t want to ruin that. Please help!!

How many credit cards is good for good credit?

Jan 29

Posted by Credit Competitor in Credit | 9 Comments

hyphymane88 asked:

I currently have 3 credit cards. A capital one, gap and just opened a citi bank a month and a half ago. I currently have a score at 684 and have had my capital one open for 2 years now. I am 21 but I want to make my score higher. I pay the cards off in full all the time but is one more card too many? will that affect my score if I have 4 or 5 cards?

Which tax form should I use to receive the recently passed tax credit?

Jan 29

Posted by Credit Competitor in United States | 6 Comments

Tommmmmy asked:

I do not file taxes as I receive less than required to do so. Which form do I need to use in order to qualify for the recently passed tax credit offered as part of the economic stimulus plan?

Is+this+why+credit+is+still+being+held+up%3F+to+set+the+stage+for+Stimulus+%232%3F+Note+that+%22obama%22+isn%27t+mentioned%3F%7CThe+Washington+Post%0ATim+Geithner%27s+Black+Hole%0ABy+David+M.+Smick%0ATuesday%2C+March+10%2C+2009%3B+Page+A13%0A%0A%28Following+is+only+the+1st+and+last+paragraph+of+the+lengthy+article%29….+%3A+++washingtonpost.com%0A+%0A%0A%0A%0A%E2%80%9C%E2%80%A6%E2%80%A6.Treasury+Secretary+Tim+Geithner+and+his+colleagues+face+a+nasty+dilemma%3A+There+are+no+solutions+to+the+banking+crisis+without+extraordinary+political+and+financial+risks.+Thus%2C+they+have+adopted+a+three-pronged+approach%2C+delay%2C+delay%2C+delay%2C+in+the+hope+that+somebody+comes+up+with+a+breakthrough.%E2%80%9D%0A%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%E2%80%A6%0A%E2%80%A6%E2%80%A6%E2%80%A6. %0A%E2%80%9COur+present+position+is+unsustainable.+The+longer+we+delay+fixing+the+banks%2C+the+faster+the+economy+deleverages%2C+the+more+credit+dries+up%2C+the+further+the+stock+market+falls%2C+the+higher+the+ultimate+bank+bailout+price+tag+for+the+American+taxpayer%2C+and+the+more+we+risk+falling+into+a+financial+black+hole+from+which+escape+could+take+decades.%E2%80%9D%0Aif+link+doesn%27t+work%3A++http%3A%2F%2Fwww.washingtonpost.com%2Fwp-dyn%2Fcontent%2Farticle%2F2009%2F03%2F09%2FAR2009030902232.html%0A%0Aand%2C+Obama+is+mentioned+in+the+first+sentence+as+%22Obama%27s+advisor%27s ….. %22%0AButtHead%3A++you+really+need+to+read+the+article….+it+wasn%27t+written+by+Smick….+and+I+wasn%27t+appointed+by+O+to+solve+problems…

Jan 28

Posted by Credit Competitor in Elections | 2 Comments

barefoot prince asked:

We only pay about 5k in federal taxes each year – I know that it needs to be finalised before we can apply this tax credit. We are not looking to adopt a special needs child either.

Jan 27

Posted by Credit Competitor in United States | 2 Comments

snfcricket asked:

How+does+the+%247500+tax+credit+for+1st+time+home+buyers+work+when+joint+buyers+are+not+married%3F%7CIf+I+bought+my+first+house+jointly+with+someone+else%2C+both+be+on+the+mortgage%2Ftitle%2C+etc-+splitting+everything+50%2F50%2C+how+would+this+new+%247500+tax+credit+for+first+time+home+owners+work%3F+Would+you+both+be+able+to+take+the+credit+%28%247500+each+for+a+total+of+%2415%2C000%29+if+you+are+first+time+home+owners+%28and+not+married%29%3F+Or+would+only+one+of+you+be+able+to+take+it%3F

Jan 26

Posted by Credit Competitor in United States | 5 Comments

Michelle asked: