Debt Problems
Debt Relief Knowledge Base
Debt Relief? I have about $24,000 in debt. Is there any debt relief sites that I can go to and are legit? I'm tired of all the debt and I need help.
Is foreclosure debt relief still taxed or not? Recently, there was talk that the IRS was changing its rules so that debt relief experienced by persons who lost their homes to foreclosure would no longer be taxed. What's the status on this rule change?
What are the pros and cons of using debt relief agencies to get rid of debt? What does it do to your credit? Those debt relief agencies that help you get rid of debt fast tell you to stop paying your bills and instead you pay them. They then use the money you send them to negotiate lower payoffs to your lenders. What are the pros and cons of doing this and how long will it effect my credit score for? Any experience is extrememly welcomed!
Anyone have any thoughts on credit counseling or debt relief companies? I am about 8 grand in debt, and need to pull myself out asap. Anyone have any ideas? Do debt counselors or debt relief companies really help?
What is the best method for consumer credit card debt relief? We started a program with "Consumer Credit Counselors" This progarm has us pay the Consumer Credit Counselors, then they pay the credit cards every month. All they do is lower some of the interest rates. They don't negotiate amount owed. The payments are too high for us, so we looked into other alternatives. We found one company that will do it differently for less. They have you pay into an escrow account, and they pay off each credit card individually. They say they negotiate lower balances and interest rates. The payment would be lower and the payoff time cut in half. Does anyone know of any reason we shouldn't do this? Are there any other better ways? WHAT IS THE BEST WAY TO GET CONSUMER DEBT RELIEF with no loans?
I currently have a little less than $3800 in debt. What would my best debt relief plan be? I am looking for possibly a consumer credit counseling or debt relief program. Have any of you used one? Who would you recommend? Because of this, my credit rating is unbelievable low and taking on a new credit card or debt is not an option.
Which are the Best Debt relief companies or Non-profit organizations? Does any one have any experience w/ debt relief. My sister is in need of some help getting out of her mountains of bills due to a divorce and bad relationship decisions. She does not have the luxury of obtaining a loan to help, due to her terrible credit. I told her to file for bankruptcy but she wants to avoid that route. Anyone have experience with this. Where would she find this consumer proposal? Is this an attorney? Or debt relief?
What is a good debt relief company? I just graduated school and racked up $8,000 in credit card debt. Luckily, I avoided the whole student loan mess, but I really need to get control over this lingering debts. I have heard good and bad things about debt relief companies. So i was just wondering is someone could direct me in finding a legit company. Also, any info on debt relief is much appreciated.
Who has worked with Freedom Debt Relief? I am currently in a situation in which I cant afford to pay my bills. I have looked online for help but there are so many types of debt programs out there that I don't know where to start. I eventually stumbled onto Freedom Debt Relief. They seemed very knowledgeable. They told me that they are the fastest and cheapest way to get out of debt. Is that true? Please respond only if it is related to Freedom Debt Relief. I do not need to know about any others.
Is there debt relief for military credit union loans? Every debt relief company tells me they can't help me because I have credit union loans from military specific companies. I am no longer enlisted, but it seems the only option I have is bankruptcy which, ironically, I can't afford because of the new laws requiring upfront payment. Is there a company that can actually help me get back on track? Serious answers only, i.e. don't waste my time.
Are there any debt relief agencies that help with secured debt. Such as car loans and student loans? Debt relief agiencies that help with secured debt. Student loans and car debt.
The debt relief company cancelled what do I do now? Last may we decided to consolidate our debt and made payments to a debt relief company who would begin negotiations as soon as we paid the finance charges. Never got that far b/c our state passed law that said they could not do business with us, we got refunded. In the meantime we have been turned over to collection agencies, should I negotiate with them on my own?
With all the Gov. Money out there, How can I get the goverment to help me with debt relief? With all the crazy spending going on out there, How can I get the government to help me with debt relief without filing bankrupcy... I've worked hard to have a good credit score, but my bills just keep piling up. I'm not a deadbeat, but I need help... and those credit agency are just another business to make more money.... Any advice??
What are arguments for and against debt relief to developing nations? list as many as you can for both please! I need as many arguments as possible for arguments for debt relief and arguments against debt relief to developing nations....what are the good things about debt relief and the bad things...THANKS
Is there any debt relief companies that work with debts other than credit card debt? I have a TON of medical bills and other miscellaneous bills that I feel would be easier to consolidate all of them, and all I ever see or hear about are companies for credit card debt...I never hear any companies that work with other types of debt...please help!
How do credit counseling / debt relief services make money? I see their ads all the time, offering to slash debt in half and such. While I applaud these services for what they are trying to do, somehow they have to make money, or they couldn't afford to run these ads. Where is the profit coming from. Appreciate the answers in advance, thanks!
what information is need for a Tax debt relief company to work on past tax debt with the IRS? What personal information would I need to give to a company in order for them to contact the IRS about my tax debt?
Do those debt relief agencies really work? I am wondering what peoples experiences are. I have about $25,000 in credit card debt and around $30,000 in student loans. The credit cards are surprisingly well under my limit. I would be interested in consolidating the credit card debt especially, as it seems those are going to last forever. Any advice?
What are the best credit card debt relief services? My friends husband died leaving her three kids and over $100,000.00 in credit card debt. She has been trying to pay but now is getting threatened with them taking her house. She make just a little over minimum wage on a part time basis and the depression is starting to drag her down.
Does the mortgage debt relief act apply to people who refinanced? I hear 2 versions of this story. That the canceled debt from my short sale this year will NOT be considered income and others say it will be because a refinanced and made it a recourse loan. My CPA told me it wont be considered income for 2008 tax purposes and I wont be taxed on it? Any feedback from others?
Has anyone tried debt consolidation or debt relief and how did it affect your credit.? I don't know if debt relief would be good for my husband and I or not, we have never been late or missed a payment and we usually DO pay more that the minimum but we have over $20,000 on credit cards and I feel overwhelmed. I feel like we will never have this debt paid off. Also our cards are zero interest so I don't know if we really have any options. We have really good credit so I would hate to do anything to screw that up. Any thoughts would help!
The argument for providing debt relief for the poorest countries relies on the idea? 1. of debt overhang. 2. that creditor governments and institutions are to blame. 3. that much was lent to poorly governed regimes. 4. all of the above.
How much does turning my debt over to a debt relief company and paying it off that way effect my credit score? How much also does it effect trying to get a mortgage?
is there a debt relief program that allows you to keep your current credit cards open? I have a lot of cc debt but I don't want to file bankruptcy or close my accounts...any ideas?
How do I find debt relief? My brother is on disability, does not work, has no assets. I heard that he can have his debt cleared by sending the letter of incompetence to each of of his creditors. Is this true?
Does anyone know of a legitimate debt relief company? And is it a bad thing to use one??? I mean I just can't get my head above water and they sound like they can help, but it makes me nervous, does anyone have any experience in dealing with this sort of thing?
Does my husband have to be involved in a debt-relief program if the debt is not in his name? I have my own credit cards, etc. and have realized I need to change my spending habits so I am going to see about credit counseling. But the problem is that if my husband finds out how much I owe, THERE WILL BE A DIVORCE. I need help in solving this problem.
About 6 month ago I contacted a debt relief agency for help. Once in can you get out? What happens then? I'm concerned if I drop the debt relief service will my creditors (credit cards) APR sky rocket? Can I talk with my creditors after the fact of having a debt relief company to step in on my behalf. I guess I'm wanting to see what my options are???????
Do you know what debt relief program is the best? Does anyone know or currently use creditsolutions.com or freedomdebtrelief.com and if they work?
Has anyone ever used the Federal Debt Relief System? I am possibly thinking about using this company to eliminate my debt. I am to a point that I want to be debt free and I have been researching this company. I just do not know if I should eliminate the debt myself or let this company help me. Any advice would be great!
can my creditor sue me even know I have company to relief my debt? can my creditor sue me even know I have company to relief my debt?
"Debt Relief Of America"; does it work? I've heard about these guys on the net and on the radio. If you have over $10K in debt, they settle with your creditors for a lower amount. Has anyone tried them? Can it put you in worse financial shape than if you try to pay off your debts on your own?
How do you open a debt relief agency? By this I mean, how do other people open this kind of biz...just curious...!
I am $11400 in debt. is debt relief the best way to go? i have cut down expenses in the household and still cannot pay these credit card bills. My credit scores are already low and about 3 of 6 credit cards are delinquent. should i ask a debt relief agency to help me settle these debts? I understand this will have a negative impact on my credit scores but i am still young and i have time to repair it. My main concern now is to pay off my debts asap.
has anyone used "credit solutions" debt relief program? I am looking for a way to get my debt under control. I have been in contact with a representative from "credit solutions debt relief program". I was wondering if there was anyone who had any experience with this company. I am asking because I have heard a lot about being cautious when dealing with these types of companies. So, if anyone has worked with this company in the past, or is currently enrolled in one of there programs, please give me a little feedback on if the program is working and if you have had a bad or good experience with them. Thank you.
is there any possible relief from debt with borderline poor credit? i have a pretty good amount of debt from poor decision making, however, i want to start cleaning up my debt. who can i go to for help?
debt relief- who should I use? I am thinking of consolidating some debt, but I dont know who to trust. I looked at care one and freedome debt relief. does anyone have any expierence with these companies? Or is there a better company I should use? thanks.
How do credit counseling and debt relief services make money? 3 Asked by tech_guy_towt - Personal Finance? Im goong In The Iraq
Should countries give debt relief to African nations? After all this is what the singer Bono (from the group U2) wants. Isn't it funny, however, that Bono moves his assets and business out of Ireland, to Holland, specifically to avoid taxes? In other words he wants us, the taxpayers, to forgive our loans to African nations, but doesn't want to do his part. Playing a song at a benefits concert doesn't count since it doesn't hit his pocket book.
how can i get debt relief and keep from filing bankruptcy? i am flat broke
Debt relief when on long term sick/disability leave? Due to a debilitating spinal problem it looks like I will soon need to go on long-term sick leave from work, or register as disabled. I am in approximately 30K of debt (largely from having paid for private medical treatment). Is there another option than going bankrupt if I have to leave work?
where can I find help with debt relief? have large medical bills I cannot pay.
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