what would b better? would it b payin off my credit dedt & loans or have a…

Credit and mortgage advice Forums Consumer Credit Credit Repair what would b better? would it b payin off my credit dedt & loans or have a…


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    • #205331

      …credit repair get it off my report? i have a truck repo that i still owe 14,000 on…i have conns credit. best buy and 3 credit cards some hospital bill…..all which are over a yr past due some if not all have been sold

    • #258716

      Paying off debt is always best starting with Credit Cards

    • #259523

      no credit repair it is like claiming banckruptcy. Pay it your self

    • #263285

      pay your obligations!

    • #271213

      This link gives information you can use. No need to pay someone to do it for you.

    • #431059

      The correct answer is d)none of the above.
      [ It is true that some Trust and mortgge loan companies may have bakns in their name. It is also true that banks do extend mortgage loans and may also act as turstees. There may be sone trusts or mortgage lenders who may have obtaind the status of chartered banks for certain limited banking activity. But, pure Trust and mortgage loan companies are not necessarily chartered banks, or near banks or banks. Banks can create deposits by creating loans. Trust and mortgage conmpanies cannot do that. Trusts may be for variuos purposes other than for lending.
      The definition of a bank varies from country to country. Under English law, bank is defined as a person who carries on the business of banking, which is:conducting current accounts for customers, paying cheques drawn on a given person, and
      collecting cheques for their customers. However the commercial role of banks is wider than banking, and includes:

      issue of banknotes (promissory notes issued by a banker and payable to bearer on demand)
      processing of payments by way of telegraphic transfer, EFTPOS, internet banking or other means
      issuing bank drafts and bank cheques
      accepting money on term deposit
      lending money by way of overdraft, installment loan or otherwise
      providing documentary and standby letters of credit, guarantees, performance bonds, securities underwriting commitments and other forms of off balance sheet exposures
      safekeeping of documents and other items in safe deposit boxes
      currency exchange
      sale, distribution or brokerage, with or without advice, of insurance, unit trusts and similar financial products as a ‘financial supermarket’ .
      Given the above, the Trusts and mortgage lending companies cannot be regarded as chartered banks or near banks or banks.]

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