http://www.debtreliefcompanies.net If You Need Credit Card Debt Help, I Provide Free Information on How to Get Out of Debt and I Can Suggest a Reliable Debt Settlement or Debt Management Company that I Know You Can Trust. Sun, 06 Jul 2008 17:42:26 +0000 http://backend.userland.com/rss092 en Yes to both questions, however, please be aware that the settlement company cannot guarantee that you will not recieve calls from your creditors. A good settlement company will have established relationships with all the major creditors and so once they make them aware that they are handling your account, the ... http://www.debtreliefcompanies.net/will-the-debt-settlement-company-then-handle-all-my-creditor-calls/ This is a difficult situation because it sounds like you have no idea how much you even owe and your income it likely too little to afford to be able to pay back much of your debt and still have money left over to pay the basic bills and buy ... http://www.debtreliefcompanies.net/never-paid-any-od-my-credit-card-bills/ Hello, unfortunately you should not plan on being able to do both. Entering a debt settlement program to reduce your $30K in debt will most likely prevent you from getting a mortgage as your credit will be damaged for longer than 18 months. Most settlement programs take 24-36 months to ... http://www.debtreliefcompanies.net/chances-of-buying-a-house-with-debt-settlement/ Hello, the two problems, credit card debt and a foreclosure are typically handled by seperate types of debt relief entities. Your credit card debt can be handled by a debt settlement company (if you want to reduce your balance) or a debt management company (if you prefer to just reduce ... http://www.debtreliefcompanies.net/what-if-my-debt-problem-includes-not-only-credit-card-debt-but-a-foreclosure-as-well/ Good question and that's the reason why I do what I do and why I built this website. It's hard to know because any debt settlement company can hire nice sounding consultants who seem to put a good spin on the company they work for. Truthfully, it is a judgement ... http://www.debtreliefcompanies.net/how-do-you-know-if-the-debt-settlement-co-is-legit/ Thanks for sharing your experience...Some credit card companies are more willing to work with you while other refuse to reduce your balance unless you use a debt settlement company they are familiar with, each situation is different. Some banks are more desperate to collect portions of the outstanding balances these ... http://www.debtreliefcompanies.net/stop-paying-the-card-companies/ Yes, both debt settlement and debt management take all the debts that you include in their program and consolidate them into one monthly bill. It is one of the benefits of the programs as many people have a much easier time making one payment. http://www.debtreliefcompanies.net/can-i-combine-all-of-the-credit-cards-bills-and-have-it-on-one-payment/ If you want my honest opinion (and please realize I am not a financial expert), you should not buy a home if you cannot afford the payments along with your current credit card debt load (which is large). You should first take care of your credit card debts, then look ... http://www.debtreliefcompanies.net/if-we-do-debt-settlement-will-we-be-able-to-get-a-home-loan/ Hello, yes you can. Your situation is common and the constant calls are what often drive people to find debt relief assistance. If you decide to seek the assistance of a debt reduction (debt settlement) company, you would need to do so before your bills fall so far behind that ... http://www.debtreliefcompanies.net/can-i-get-debt-relief-when-the-credit-card-companies-are-calling-me-daily-i-am-way-behind-on-my-bills/ Yes, setting up your own account is fine. The most important thing is that the money is in an account you pay into directly and that you have 100% control over. Of course, setting up your own account requires a little more discipline on your part but it is a ... http://www.debtreliefcompanies.net/trust-accounts-for-debt-settlement/ Hello. This is really a question only you can answer. Do you have the $24,000 to pay back this debt? Are you using a debt settlement company? If so, is any part of the settlement company's fees based on the settlement amount? (in other words, will you owe them a ... http://www.debtreliefcompanies.net/what-debt-settlement-amount-is-good-to-reduce-my-debt/ Hello, I wish I had better news for you but most debt settlement companies will not take clients with total debts of less than $10,000. In addition, the fact that a court date has already been scheduled means that you would need a lawyer at this point, not a debt ... http://www.debtreliefcompanies.net/can-a-debt-settlement-company-help-me/ This is a tough. You obviously have a good situation as far as your interest rates are concerned and you have maintained a good credit rating even though you sometimes have to borrow from Peter to pay Paul. So how do you get out of debt? I can only think ... http://www.debtreliefcompanies.net/any-idea-on-how-to-get-out-of-debt/ No, but 15% of the debt amount you enter into their program is an industry average of the fees involved in debt settlement. However, how that 15% is charged varies among companies. All companies build their fees into the monthly payment quote they provide you during your initial consultation. You need ... http://www.debtreliefcompanies.net/does-every-debt-settlement-program-tend-to-charge-15-of-debt/ No, student loans can be consolidated by a student loan consolidation company but typically cannot be negotiated and will not be able to be included in a debt settlement company program. You should do a search for "student loan consolidation" to find a company that may be able to assist ... http://www.debtreliefcompanies.net/can-student-loans-be-included-in-debt-negotiation-program/ Your fear of a lawsuit from the credit card companies is legitimate and it can (and does) happen however, you need to remember that the collectors and credit card companies typically do not want to sue because lawsuits are expensive for them. The threat is there but they don't often ... http://www.debtreliefcompanies.net/using-professional-debt-relief-services-and-fear-lawsuit-from-credit-card-companies/ This is a difficult one because you really have to decide for yourself what's best. Do you follow the lawyers advice and bear the brunt of the collection calls (and it sounds like some guilt as well...totally understandable) OR do you try and work something out. Even if you were able ... http://www.debtreliefcompanies.net/outstanding-credit-card-debt-with-bill-collectors/ Hello, thank you for the question. Yes, the process you describe is standard for debt settlement. Some companies will actually set up a separate "bank" account for you (often called a trust account) and you would make the monthly deposits into that rather than your own bank. The reason why some ... http://www.debtreliefcompanies.net/how-credit-card-debt-settlement-payments-work/ Yes, in debt settlement the amount you do not have to pay as a result of the debt negotiation process is taxable. It is something to be sure to budget for up front before you start the settlement process. A reputable debt settlement company should make you aware of this. http://www.debtreliefcompanies.net/is-the-amount-that-is-forgiven-taxable-in-a-debt-settlement/ From what you describe, the car should have been the security for the loan and upon giving it back to the lender he should have been relieved from his obligations. However, it all really depends on the terms of the contract your son signed upon accepting the loan for the ... http://www.debtreliefcompanies.net/depends-on-the-terms-of-the-contract-your-son-signed/