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Archive for November, 2008

I was recently forced to retire due to my job being outsourced. I contacted Washington Mutual to find out if they would be willing to close my accounts with them and defer payment and interest until 2/1/09 at which time I would be able to pay off the cards in full. They told me they did not work with consumers regarding this and gave me a number for a counseling service. This is not what I asked for. Do you know why Washington Mutual would rather have their card holders claim bankruptcy and default on their balances than work with you?

Banks have loaned way too much money to too many people in the past and now

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Enlisted a debt solutions company and have been sending almost $400.00 every month for 7 months thru direct debit. Company will not return my phone calls or answer mail. What should I do?

If you cannot get someone at your debt solutions company to respond to you, that is inexcusable

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I have $25k in cc debt that a got from a divorce. A debt settlement co. made the offer of paying it off in 18 at $750/mo. I can pay about $1,500/mo or more. My credit score right now is 710. How much will it get hurt if I sign up for this program?

It depends on the type of debt relief program you use. Debt settlement will

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What Are the Benefits of a Financial Debt Management Program Over Settlement?

I’ve often stated that debt settlement is meant as a bankruptcy alternative and many people are not in a situation that warrants the drawbacks it can involve. A financial debt management program is a solution that people should consider if they need modest, not severe, help. It’s all about how unaffordable your current monthly unsecured more ยป

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after paying your debt settlement can your credit be built up again?

Sure it can…It just takes time and budgeting discipline. The speed with

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Hi, I have approx 30k in credit card debt between my wife and I and am looking to see (cont)…

…if we can compile all of our debt into 1 debt settlement program rather than

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I accepted an offer from a credit card company to settle my debt with them for about 50% of what I owed. I thought that would be the end of it, but then I received a form for “debt forgiveness” which was also sent to the IRS, and because of which I had to claim an additional 10K as income which I did not have, never would have. I am having to pay taxes on money I never had! So how am I in better shape using a credit negotiation company if I end up with a large amount of debt “forgiven” which I then cannot even afford to pay taxes on?

Your are correct in that when you use a

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i recieve ssi and am no longer working. I am 25 years old and my FICO score is high never late not once. i have great credit report. i can not dig my way out and dont want a blemish on my credit report. That being said would my creditors be more willing to see it is not a pattern ive tried so hard?

Your credit score is determined by a computer that takes many variables into account before

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I recently lost an investment property to foreclosure. My credit is has taken a huge hit through the process while I kept my substantial CC balances current. So at this point, is it safe to say that going delinquent as part of a debt settlement process , really doesn’t matter. The credit score damage is already done ??

Yes, it sounds like your credit score has suffered significant damage through the

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