Who knows of a good company that they personally have used for consumer…

Tips and Deals Forums Consumer Credit Who knows of a good company that they personally have used for consumer…

This topic contains 10 replies, has 6 voices, and was last updated by  Anonymous 8 years, 7 months ago.

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  • #411963

    Anonymous

    what interest rate are you paying on the student loans? what tax deduction do you get for the interest portion of the payment [if any]?

    you balance the estimated net out of pocket cost against what you realistically think you can get by investing.

    ***
    my personal rule of thumb is pay off the debt if the net cost is more than 1/2 what I honestly think I can get as an investment return.

    btw, the long term average return on the SP500 stock index is +6.6% more than the current rate of inflation. So if you’re thinking you’ll get more than 9% return from investing in this stock market, you’re either a fine trader or dreaming.

  • #411964

    Anonymous

    Keep 6 to 8 months worth of living expenses always socked away in a savings account or a cd.
    No one, absolutely no one, should live without this.
    ^^^ Just make sure you have this first – as a friend.
    You never know when you can lose a job, have medical expenes not covered by insurance, etc.

    After that, I am a true believer in living debt free.
    Pay off your student loans.
    After that start saving aggressively for your retirement.
    If you are 40 and haven’t started yet – it’s time to get seriously going.
    Google retirement calculator
    and see how much you will need to add yearly to what you already have in your retirement accounts…

  • #411965

    Anonymous

    I have never regretted paying off my student loans. I did that before my house, before getting a new car and concurrent with 3% at work for retirement.

  • #411966

    Anonymous

    Your in your 40’s & still have 12 more years of payments. Pay off those loans. Getting out of debt is always a good idea. Once that is done start putting those former loan payments into an retirement fund. If you have the option, start a 401k at work.

  • #411967

    Anonymous

    40s and still have $ 70K in student debt? Pay it off.

  • #411968

    Anonymous

    i dont think so that you pay now if you are a stage of retirement . if your loan is still have an ballance to pay than dont pay that amount if you not have that much money to pay back . I sugest you to do settlement with the bank.=========================

  • #198940

    Anonymous

    …credit counseling or debt consolidate? I would like personal experiences only, no sales pitches or heresay. Thanks!
    Ok…So I got an answer of Consumer counseling…where do you go to get this? can someone give me a link?

  • #256588

    i hope this will help u…..

  • #256788

    Anonymous

    I’m not sure where you live, but GreenPath is a reputable company.

  • #256902

    Anonymous

    I have personally used this site
    The link on there is where I was told by a friend to help with my credit counseling and I must say It was fabulous. Its been great. Good Luck!

  • #256904

    I used Consumer Credit Counseling Services several years ago and they worked with my creditors to lower both my monthly payment and my interest rates. In 36-months I was debt free.

    They are a free service and I would recommend them to anyone who is in need of their services.

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