Monthly Archives: August 2009

How much will a debt management plan save a month?

EMB asked: I am looking into a debt management plan. We tried a home equity loan but our credit has gone down to far for it. The one that I just applied for said they save on average $125 a month….that won’t cut it. Anyone have been success than that? I [...]

Posted in Credit | Tagged , | Comments closed

Debt free?

college girl asked: Is anyone trying to live debt free? I mean really trying. No using credit cards, paying off your house early, etc. I’m not doing it but maybe I should. Is it even possible?Tracey

Posted in Other - Social Science | Tagged , | Comments closed

Better to take 30K out of 401k and pay off mortgage completely and be debt free or let it ride?

James C asked: I still have 25years on Mortgage and could muster the cash to pay it off by combining all liquid assets and be debt free?Genevieve

Posted in Personal Finance | Tagged , | Comments closed

is it possible for me to start a debt management company?

Ryan asked: can anyone who wants to run a business start a debt management company?Lauren

Posted in Other - Business & Finance | Tagged , | Comments closed

What percentage of people do you think are “debt free”?

Heathen asked: With the exception of a mortgage and car (you need a place to live and transportation to make money to stay debt free), how many people do you think live debt free? Within their means (managing their debt wisely)? What percentage are spending money like there’s no tomorrow (receiving assistance of [...]

Posted in Other - Society & Culture | Tagged , | Comments closed

I currently have a little less than $3800 in debt. What would my best debt relief plan be?

Rayne R. asked: 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.Janie

Posted in Credit | Tagged , | Comments closed

has anyone settled their accounts with creditors without using a debt settlement company?

p m asked: did the creditors settled? could u give me tips on how to settle with them without using a debt settlement company. approximately what is the percentage they are willing to settle?Willis

Posted in Credit | Tagged , | Comments closed

Debt Management Program the right way to go?

Moonlight177 asked: We are drowning in debt. So far we have managed to get our MINIMUM monthly payments out each month but we are getting no where. Would a debt management program be a good option for us? What exactly is it? Where do I find a reliable one to work [...]

Posted in Personal Finance | Tagged , | Comments closed

are there any debt settlement companies that are legitimate?

HB asked: I have several old debts at least three years old that have been put into collections…haven’t been able to pay on any in years. Looking to pay off but cannot make very high monthly payments so the CCS seems like it wouldn’t work since I have SO many creditors to work with [...]

Posted in Personal Finance | Tagged , | Comments closed

Does the Mortgage Forgiveness Debt Relief Act apply to short sales?

JP asked: Hi – I am considering entering into a short sale of my townhouse, but I was wondering if anyone can advise me on if whether or not the Mortgage Forgiveness Debt Relief Act 2007, applies to the difference between what I purchased the townhouse for in 2006 and what it will ultimately sell [...]

Posted in Renting & Real Estate | Tagged , | Comments closed