Debt Help Services

Archive for the ‘Debt Forgiveness’ Category

Question: Mortgage debt forgiveness act?

My parents own a home and they owe about $20K in back mortgage payments. How does the mortgage debt forgiveness act will apply to them. They don’t want to loose their house.

Answer: Although some low level politicians have mentioned the possibility of mortgage debt forgiveness, I don’t believe anybody is seriously pushing the idea due to resistance from all the lenders. In other words, as far as I know, there is no such thing as a mortgage debt forgiveness act. There is a provision that says if you are foreclosed against or are granted a short sale, any debt you do not repay will not be considered income to you and taxes will not be levied on the debt forgiven. This occurs only after a foreclosure or short sale not before as I assume you were thinking about.

Managing student loan debt and marriage

When you’re getting married and starting a family, it is important to be on track financially.

New Laws For California Realtors and Real Estate Investors

Question: student loan help! What does this mean in simple terms? (English)?

1. This Settlement Agreement is made in compromise of a disputed claim. As part of the consideration for this Settlement Agreement, Borrower waives any claim Borrower may have against SALLIE MAE and/or GC Services. The parties to this Settlement Agreement recognize that any forgiveness, retraction of negative data, and any other consideration, or agreement made pursuant to this claims which were or could have been accreted by Borrower against SALLIE MAE and/or GC Services, which liability is hereby expressly denied.

Answer: it means you eat too much chicken. sorry, but that is very bad news.

You’re forgiven: Debt write-off for Haiti

UNITED NATIONS – The United Nations agency tasked with reducing rural poverty has approved a debt-relief package for disaster-stricken Haiti in a bid to help the country get back on its feet after the calamitous earthquake that struck the Caribbean nation on January 12.

Galactic Federation Of Light Sheldan Nidle February 10 2010

Briefing: Challenges to Arizona immigration law vowed

PHOENIX — Civil rights advocates vowed Saturday to challenge Arizona’s tough new law targeting illegal immigration, saying it will lead to racial profiling of Hispanics despite the governor’s assurance that abuses won’t be tolerated. Republican Gov. Jan Brewer on Friday signed into law a bill that supporters said would take handcuffs off police in dealing with illegal immigration in Arizona, the …

On Drums…

Question: American Christians do you carry an American Express or Capital One card?

Jesus told a parable of a servant that owed his master money. Times were hard and he pleaded with his master to forgive his loan. The master gracefully forgave his servant of the loan. The servant also had servants of his own who owed him money. These people came to the servant and pleaded that he have grace and forgive them of their loans because of the hard times. The servant refused to have grace and sent his servants to prison.

Answer: I have neither. But I see your point.

American express and Capitol One are getting governmental assistance in major dollar amounts, while the small taxpayers still have to make it the best way they can, even if they are experiencing financial difficulty, because the larger companies are not interested in their problems, nor in making things a bit easier for those who are in debt to them.

And the government doesn’t have a bailout plan for the people of the country.

As far as whether or not people should refuse to pay…I don’t know.

I think perhaps they should, and let God deal with the companies.

Interesting question.

Hope I helped.
God bless you.
† ♥

Letters to the editor: April 16, 2010

Here are letters to the editor from Daily News editions of April 16, 2010.

Davos Annual Meeting 2010 – Opening Plenary Nicolas Sarkozy

Question: If I consolidate my student loan with a bank, am I still eligible for loan forgiveness programs via volunteer?

I believe my student loan prior to consolidation was either Stafford or Perkins. Both S + P have programs where you teach schools or volunteer with organizations so that they can forgive a certain portion of your student loan debt.

Answer: You are correct, once you consolidate, you are no longer able to have your loans forgiven under the terms of the old loans because they (your Perkins and Stafford loans) do not exist anymore. When you consolidated, they were paid off by Citi. To find out if your new loan has any type of forgiveness program (doubtful), you should contact them.

Gov. Chris Christie’s proposed budget cuts funding to schools and municipalities. Do you support these cuts?

527 comments found! Keep it going Christie!