Posts Tagged ‘debt’

I am told that I should immediately stop paying my credit card bills to get the attention of the lenders, so they will be more open to negotiations. And I should refer all contact to the debt settlement company. Is this normal?
I’m not behind on any bills right now, but it’s looking likely that I will be in a short time.

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 with?

I have over $20,000 of credit card debt. I am able to pay them off slowly now, but I am thinking of consolidating everything with a debt management program. This program said they will close all my accounts and all I have to pay is a low monthly payment of $500 a month for all my credit cards. Is this a good deal? I am not sure. Thank you for reading and thank you for your time.

Are there companies lending to the U.S. Government and not getting paid?
Is the U. S. Government getting calls from the bill collectors?

i admit, i really have a spending itch, and it’s more difficult for someone like me to save money, or save money to pay off debt. i get impatient, can’t wait to build up the paychecks, and end up spending little things here and there, which add up quickly. what are some things you do to mentally help yourself be more patient with this kind of thing? i’ve really made an effort to change this behavior, but any advices could possibly help it further. thanks!

I am on a debt management plan however all of my accounts are now current on the plan. Will this affect my ability to rent a new apartment?
Just to clarify, I did not file bankruptcy but am simply on a debt management plan for making payments.

Last year I had lost my job and got way behind in my bills. When I found a new job I decided to work with a debt management company to help with my debts. I’ve been with a company about five months and I’m starting to get calls from collectors almost every other day. I thought this company was helping me, but it seems to have made things worse. I decided to drop this company and just make arrangements with the original creditors to start making payments. From my personal view it’s better to work with the original creditors.

I am going to go to a debt management program/credit counseling, it was the best alternative to avoid bankruptcy.
What are the best companies that charge a low fee and that can get the best lower monthly payment?

Money management software like Quicken have lots of helpful features but they don’t list anything about repaying debt. I am sure another feature could be used, but it would be nice if there was a program that had that specific feature.

BTW I mean the kind of debt that you don’t get bills for, or ones that you can repay at your own pace…

Would the credit card company write the debt off