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Archive for February, 2007

Can I Do Credit Card Negotiation Myself?

Credit card companies are all different. While they each have entire departments set up to deal with late payment accounts, credit card negotiation, and collections, they each have different standards and procedures that dictate how they deal with “troubled” credit card accounts. Detailed debt negotiation ” how to” information is hard to come by. Yes, more »

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What Are the Drawbacks to Debt Settlement Programs?

Of course, nothing is perfect, there are problems with debt settlement programs. Often debt settlement information is provided by salespeople who make it sound too good to be true for many people in debt. It needs to be reviewed carefully as it’s not the perfect solution for everybody. If I tell a person struggling with more »

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Do Consumer Credit Counseling Debt Management Programs Work?

Many of these companies are non-profit counseling entities in the eyes of the government which means they are required to assist people in need of debt help through free educational materials, financial advice, and budgeting help. Consumer credit counseling services also provide paid services called debt management programs. The primary objective of consumer credit counseling more »

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Should I File Bankruptcy vs. Using a Bankruptcy Alternative?

As discussed, filing bankruptcy is no longer as simple as it once was. However, to some people in very bad financial situations, it often is the only option after exhausting all other bankruptcy alternatives. “So When Should I File Bankruptcy?” Honestly, every situation has to be evaluated on its own terms but in general, if more »

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What’s the Effect of the New Bankruptcy Laws?

The bankruptcy laws were changed in 2005 in an effort to curtail the number of people who file for bankruptcy as a way to release themselves from the responsibility of their debt. Many people and apparently the government as well thought that it was too easy to file for bankruptcy. As a result, the process more »

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Advice on Credit Card Debt

Credit card debt is a big problem and it seems to be getting bigger as credit cards are handed out to anyone and everyone who has a pulse. We are a nation of spenders and consumers who love to shop and eat out (a lot). The result is often bad spending habits and too much more »

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How To Get Rid of Credit Card Debt? Reduce Payments?

Unless you have a rich uncle willing to give you the money, there really are only 2 ways to get rid of your credit card debt by reducing your debt payments make your payment more manageable. The first is through a debt management service (also often called credit counseling). These services will consolidate your credit more »

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Good Credit and Debt Advice – What Company Can Be Trusted?

It’s interesting that credit card debt is such a major problem in this country yet there are no “household name brand companies” that people know, recognize, and trust to help them by providing debt relief services. Where does one go for good credit and debt advice? When you want a mortgage you know the names more »

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Where Can I Get Debt Information That’s Reliable?

Seaching for debt information on the web can be daunting. Mostly what you will see is one company after another selling you on their services by offering you “guaranteed” debt solutions. It’s hard to rely on what they have to say because ultimately they want you to enroll as their client for debt settlement, debt more »

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What’s The Best Way to Find Debt Help?

Debt is like The Blob in the old horror movie – it slowly rolls over your entire life and eats away at your ability to do anything because it just grows and grows. There are several ways to get out of debt but there usually are no instant solutions, like anything, it takes work, time, more »

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Do I Have a Reliable Debt Relief Company?

In choosing a reliable debt relief company, you first need to understand what debt relief options are available to you. Your chioices largely depend on the type of debt that you have and the amount you owe. I suggest that if you are unsure, go to my simple debt relief options grid or watch my more »

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Can I Get Sued Doing a Debt Settlement Program?

This is a common question and rightly so! The thought and risk of getting sued doing debt settlement is scarry to anybody. It is always possible that your creditors could sue you as you go through debt settlement but with a reputable debt settlement company representing you, the risks are often greatly diminished. Typically it more »

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Do Legal Debt Settlement Programs Require a Lawyer?

The short answer to this is no. Anyone can negotiate with anyone and reach a legal debt settlement that is binding and that is true with your debt as well. However, having access to a lawyer and companies who offer debt settlement programs that have lots of experience can be very important to help you more »

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Legal Debt Settlement Services- Should I Use a Lawyer?

In theory most lawyers can help you however, you will best off going to one who actually specializes in legal debt settlement services. Providing this type of service requires unique challenges and specialization which debt settlement companies are set up especially for. In particular, a company or law firm that provides debt settlement services is more »

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I have $64K in credit card debt. Settlement sounds so easy but what really happens as I deposit the $1200 each month for 32 months, will I be sued?

QUESTION CONTINUED- Or is it as these companies promise?..that after first few weeks, I will

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