Monthly Archives: August 2009

Anyone have any thoughts on credit counseling or debt relief companies?

Anthony P asked: 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?Walton

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How do you celebrate being debt free?

Josh A asked: the list is probably endless but just give me a few suggestions. no im not debt free just yet. got 3 more debts. 2 of them will be paid off before the month ends and the 3rd sometime next year.Les

Posted in Personal Finance | Tagged , | Comments closed

The debt relief company cancelled what do I do now?

rubix110 asked: 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 [...]

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What is a good debt relief company?

Asa C asked: 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 [...]

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Is it true that if you go with a Debt management program will your credit clear up faster?

G asked: I heard about Incharge Debt Management which is a non-profitable organization, does it really help you repair your credit sooner?Sandy

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How do debt management companies help?

Chixdiggit asked: I’m currently in a situation where I’ve collected more debt than I can manage and the interest payments are staggering.
Besides telling me how I can better spend my money, I’m wondering how a debt management company could help me?
I own a house. Would they somehow tie the debt into my mortgage payments?
Basically [...]

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Do Debt Relief Companies really work? Can I do the same job myself?

zermenoj asked: I am looking to pay a debt relief company 15% of whatever I totally owe. Can I do this myself? Has anybody ever done it thyself and save $2300 I need help, am I making a mistake or doing the right thing. One way or another, I need to [...]

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Is California planning to extend the years for the mortgage forgiveness debt relief law?

Q asked: The California mortgage forgiveness debt relief law is effective immediately. It is similar to federal law, but with important differences.
The California law covers qualified debt forgiven in 2007 and 2008, where as the federal law will soon cover debt forgiven thru 2012.Leona

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What is the process for “debt settlement”?

LocalBoy asked: What is the process for debt settlement? I understand that when ur sent to collections ur able to settle the debt with them for a fraction of what u owe. But before that, will u get harrassed by all the calls from the bank about the missed payments? Can the [...]

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Does anyone know of a debt management company that will include a loan from CashCall?

elaine asked: All of the debt management companies I have spoken with say that CashCall is considered a payday lender (even though I have a $5,000 personal loan) and cannot be included with credit cards.Mathew

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