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Can you delete credit karma account?

Answer

In the Help Center, click on Deactivate My Account in the search bar at the top. On the next page, choose How do I cancel my membership? from the dropdown list and select Deactivate my Credit Karma account. Scroll down to find a red Cancel account button and click it.

I share a story from Quora about the person who called the credit bureau and was told they could delete his report. He did it. Then he found out later that he had an unpaid bill, sent to collections and on his credit report because the company didn’t believe him when he said he paid it.

It’s not often you can get away with this kind of thing, but if you’re willing to take a risk for something minor (like on account that hasn’t been threatening your ability to make payments), then maybe give it a try. On the other hand, there are many situations where you should still pay your bills even though they’re wrong (in which case I would work directly through them instead of trying to game the system.)

I’m pretty sure this won’t work for everyone, but it might be worth a try. I’ll warn you though, if some collections agency is on your tail for unpaid bills and they don’t believe you that the matter has been resolved, eventually, they WILL find you, and then you will owe them even more money.

How can I reduce my student loan payments to $0 per month while still paying off my loans in 10 years?

You can’t really. The plans they offer aren’t designed to have no monthly payment while still paying off the loan in 10 years. If this were possible, don’t you think everyone would be doing it? I’m not sure what your situation is or if all of your required payments are going toward principal each month, but if they are you should be fine. It’s only when people stop making their payments for a few months that problems start to occur down the road (which makes sense since lots of interest will accrue and then end up costing more.)

If you’re trying to figure out how to reduce your payments by $100 per month there are some options available: 1) consider putting $150-200 towards the smallest loan and then $0 to the larger ones. This would help you keep your loans separate and organized, but will also require additional work since you’ll have to make sure you are paying certain amounts each month based on their values. 2) Make biweekly payments (but you’ll need to do this for a while to see any actual savings.)

I already consolidated my student loans by getting a new loan with a lower interest rate, but I still have 2 separate loans – both now serviced by Navient.


Can I consolidate them into one loan?

Unfortunately no because they’re not owned by the federal government anymore, which means they can’t be included in existing consolidation plans. If you tried to include them in consolidation anyway, these would be considered separate loans with different servicers, which would cause a lot of problems. If you want to consolidate them in the future you may need to look into refinancing or taking out new federal loans.

How do I go about getting my student loans discharged due to total and permanent disability?

Unfortunately very few people are awarded disability discharge for student loan debt. However, if this was an issue that you could never work through the SSA (Social Security Administration) then it might be worth it to try – but even then I wouldn’t expect much success.

I just graduated from grad school and found a job in NYC where my total salary is $50k/year (which is well below Manhattan’s living wage), but I also have $70k in student debt. How do I get my monthly payments down to something reasonable?

You need to start with the highest interest/payment loan first. By doing this for a few months you’ll preserve your eligibility to adjust payment plans or refinance your loans later on, which may wind up saving you more money than trying to pay everything off now. In terms of lowering your payment, there are several options available (some without having to make any changes): 1) repay as much as possible while keeping the balance below $30k 2) if you don’t mind making payments for 20 years only include one loan in each repayment plan 3) consolidate all of your federal loans into new ones at a lower rate and an extended term 4) consider refinancing your loans with a private company A word of caution though – if you start making payments on your debt you no longer have an option to go back and change things (like starting over with IBR or changing repayment plans). This means that even if you were able to lower your balance at first, once you paid everything off it may be difficult or impossible to do the same thing again.

How much will my car loan payments be?

Your payment ($200 per month) is based on the amount you owe. Since the value of your car is $9,000 and 10% down ($900), this means you’ll need to make payments each month until you’ve paid off about $8,000. Your monthly payments will then be reduced to $110 (10% of $8,000), which is when you’ll actually start saving some money (since your loan ends up costing less.)

My girlfriend has a few medical bills that are in collections with no plans to pay them back. Does this put my credit score at risk since they’re in her name?

This question always depends on how serious these bills are because if they were written off long ago then they should have no impact on your credit score. However, if these bills were sent to collections within the last two years and you’ve never made any payments related to them then it’s possible that your credit score has already been impacted – as well as their ability to collect on this debt.

How much more interest will I pay by waiting 2 years before paying off my student loans?

Assuming a $30k balance with a 7% interest rate, you’ll save about $2,000 total (over 10 years) by paying everything off now instead of making monthly payments for 20 years. If your loan starts accruing interest immediately after graduation though (or is deferred while in school), this may mean that there are actually several more years where you’ll be paying interest.

I’m about to graduate and have a reasonably high amount of student loans ($50-60k). My credit score is somewhere between 600-650, but I also have two collections accounts from medical bills (one for $400 and one for $1600) as well as a couple other very small collections accounts – all of which are paid off except the larger ones. The total balance on the medical bills is around $2,500 now and I’d like to do what I can to clean up my score before applying for jobs.

My biggest regret: I’m about to lose $20,000 in savings. Should I pay it off anyway?

First off, don’t feel too bad about missing out – many people who are saving for retirement never actually get there. It’s also unreasonable to expect that you should be able to predict the future so this was clearly a mistake on your part. However, it doesn’t sound like you have any other savings other than $20k at this point and I would recommend that you use this money for an emergency fund instead of paying off student loans (which is essentially just moving money from one type of debt to another). This will not only help protect you in case something bad happens, but give you some “wiggle room” before having to start making payments towards student loans again. If nothing else, I think it’s important to remind yourself that you’re saving for the future, not just saving right this second.

I’ve noticed that most people are incredibly successful about paying off their student loans when they refinance them, but is it possible to do this on your own?

Yes! You can actually refinance your private student loans 3 ways: with a bank by using a personal loan (sound familiar?), by doing an in-school/grace period consolidation or even through something called “peer-to-peer” lending. However, I wouldn’t recommend doing any of these without talking to someone first since there’s quite a bit of risk involved and borrowing money from family may be your best option instead. For example, one person told me that they refinanced $17,000 in student loans and actually saved $2,000 in interest over a two year period.

Determine your baseline expenses by looking at what you spent last month. Is it possible to cut back on things like entertainment, eating out, car insurance? It might also be worth asking someone else if you can move in with them temporarily or store some of your stuff (like video games) elsewhere so that you’ll have more money available to cover your monthly payments.

Why are so many people financially unstable as young adults?

It’s important to realise that this is not a “waste your 20s” issue, but rather an extension of what I call the economic crash. This means that even if you start saving right after graduation, it will likely be years before we see any real improvement since our economy has been in such terrible shape for so long. As for the question: I suspect that many young people are financially unstable because they spend money on things like fancy cars, alcohol and entertainment without thinking about their long-term goals (much like those who have already graduated). It also doesn’t help when banks encourage this kind of behaviour by offering tons of credit to college students and graduates – which means that today’s society has become defined by instant gratification instead of delaying gratification (the exact opposite of what it used to be).

Do you need a job or can you just keep freelancing?

I prefer the freelance route for two reasons: 1) there are more opportunities (you’re not held back by your employer), 2) it’s easier to negotiate higher rates if you’re an expert in X, 3) I don’t have to deal with any office drama and 4) I enjoy getting paid in cash so that I don’t have to worry about taxes. However, this means that you should try and build up as much passive income before quitting. This is something that Justine Johnston at Smart Passive Income has been a huge advocate of and if she says it, then I’m listening.

How do I build up passive income (and/or make more money)?

This is a question that often comes up and there really isn’t any single right answer. The only suggestion I have is to try different things and if you find one that works, keep doing it. This not only makes financial sense, but helps keeps your life interesting as well. For example, last week I wrote an article about fantasy sports for dailyfantasyinfo.com and made about $90 in affiliate commissions (this may not sound like much, but it’s actually quite good). Although this wasn’t my first time writing for them, it does show the importance of trying new things from time-to-time so that you don’t become complacent.

What’s the easiest way for me to get into the stock market?

A good place to start would be the TD Ameritrade College Investing Center so that you can learn about online trading or even read through their guides on stocks and bonds (which will tell you what types of investments are available for a beginning investor). If you’re looking to invest $5,000 or more, then I’d suggest opening up an account with Motif Investing since they’ve been highlighted by both Yahoo’s My Thoughts On blog and Time Magazine.

Can you delete credit karma account?

In the Help Center, click on Deactivate My Account in the search bar at the top. On the next page, choose How do I cancel my membership? from the dropdown list and select Deactivate my Credit Karma account. Scroll down to find a red Cancel account button and click it.

Is it bad to use Credit Karma?

Yes. Credit Karma encrypts your data with 128-bit encryption, which is considered impenetrable. Credit Karma also vows not to sell your information to third parties.

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