Author Archives: pcgumban

what information is need for a Tax debt relief company to work on past tax debt with the IRS?

scammed:-( asked: What personal information would I need to give to a company in order for them to contact the IRS about my tax debt?Rupert

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Credit Debt?

Donald F asked: I have under $5000 in debt, and I want to make payments, but the payments I can afford, are not even covering the interest I am being charged. This debt was written off as bad debt, and killing my credit along with my debt growing. Does anyone have ideas in [...]

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Do you need a credit/debt card to rent movies at blockbuster?

Steff asked: Hi I was wondering if you need a credit/debt card to take movies/games out at blockbuster. You do need membership too right? Does that cost anything?Kendra

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How to handle bad credit debt thats almost 10 years old but it still shows up on my credit reports?

bynam asked: I have atleast 4 major credit debts that was in the early 90’s i thought bad debt only remains on your credit for no longer than 7 years its almost over 10 years but they still show up on my credit reports. Is there anything I can go legally to take those off [...]

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Can a debt collector physically show up to your home to collect on a home equity mortgage?

William R asked: I was a collector of unsecured debt for years ( I was the guy that hounds you on the phone ). I know the FTC regulates debt collection through the Federal Debt Collectors Practices Act. I remember my boss telling me about the Good Ol’ Days when he would go to [...]

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What happens when you marry someone with extensive student loan debt?

belle asked: Does that become your responsibility as well? I am assuming so, but I have heard conflicting stories on student loan debt, so if anyone could clear up my confusion…Carolyn

Posted in Financial Aid | Tagged , | Comments closed

What happens to your debt when if the economy collapses?

Colin asked: Let’s say I owe (to US based companies) $1,000 to one bank, $100,000 to another, and $5,000 to a credit card company. (I don’t actually owe this money.) If the US economy were to collapse, what would happen to this debt, or what would happen in a situation like this?
What is [...]

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Who would like to pay off my credit card debt for me?

1yugpj asked: Kidding.. but if anyone does have extra cash..I’d be grateful for the offer. Actually, I’d like to know advice on the best way to pay off credit card debt. I have about 10,000 in credit debt. Mostly from going through a divorce a few years ago.Aisha

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Now that washington mutual is owned by chase- can I combine credit debt?

saldana s asked: I have 1300 debt on a 1500 washington mutual credit card and 3400 debt on a chase credit card. My interest rate is 27% can I combine the debt on the two credit cards. Any tips on how to lower the interest?Manuela

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Is there a way to refinance school loan debt?

lafcol26 asked: I have about 500k worth of school loan debt from my kids on top of a mortgage. Is there a way to refinance this loan to make it more affordable or is there some kind of debt forgiveness program?Mel

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