The problem with most debt relief companies is that there are up front fees and back end fees. As you are aware, they charge 10% up front. The problem is that they usually have no arrangements in place with your creditors, so they rely on you defaulting on your credit cards. [...] [...more]
The only way to "purge yourself of this albatross" is to pay your debts!!! Follow Dave Ramsey’s debt snowball. Pay the minimums on all of them. On the one with the lowest balance, put ALL your extra money toward it. When it is paid off, take that minimum payment, plus the extra you [...] [...more]
Personally, I think both banks and individuals who got into debt, misrepresented their incomes, did not show restraint or good sense in their financial matters … they should have all been allowed to "fail" in whatever form that is … greed got the best of people. Sad but true.It is very bad. Look, if [...] [...more]
The ultimate resource for christian debt consolidators [...more]
You heard a commercial for a company that promises debt relief. President Obama does not have a federal program (other than bankruptcy) to alleviate debt. In all of these "programs" they promise to get the creditors to reduce your debt. Trouble is most of them make you be so far behind, that most of the [...] [...more]
Did you ever refinance your mobile? If so you lose the protections. It should qualify for the forgiveness act. It was foreclosed a long time ago but the cancelled debt just happened. I would fill out the form and see. The ultimate resource for debt relief of america [...more]
Ripped off by the medical profession? No one is forcing you to incur that debt. In cases of life threatening illness, you will end up filing bankruptcy anyway. Sorry, but doctors and nurses don’t work for free. Hospitals don’t stay open because the electric company doesn’t send them bills. If you have [...] [...more]
Some is better than none. That’s the principle. The credit management company gets a little bit of $ from the creditors for getting you to pay them at least some of the $ back instead of just declaring bankruptcy and paying them nothing. If you declare bankruptcy it’s a big hassle but your debt is [...] [...more]
Those ads are crap. There is no federal bailout money for individual credit card bills. Any thing that causes you to pay less than you owe will hurt your credit score – whether it is settlement or bankruptcy. The companies that advertise these "services" are preying on uneducated people who think they can get something [...] [...more]
The only legitimate debt relief programs are non profit credit counseling firms like CCCS. Contact your local Red Cross for a referral to the local Consumer Credit Counseling Services (CCCS). They can negotiate reduced interest and payments. They will require you to stop using all credit and to cut up your cards. Your credit report [...] [...more]
