Debt Help Services

Archive for the ‘Debt Management’ Category

Question: Can anyone recommend a debt management company.I’m with Gregory Pennington at the moment.Is anyone else with

Gregory Pennington on a debt management programme?Are they any good do you think.Trouble is G.P. charge fees.Theres so many debt management companys out there,such as Chilterns,Baines &Ernst,and many others,so it’s confusing.One company I wouldnt recommend is Churchwood,they were terrible.Poor customer service.They were’nt helpful at all,so I changed to Gregory Pennington a few months back.Is anyone out there also with Gregory Pennington for a debt management plan,as I’d like to know what you think of them?Does anyone recommend anyone else?Is anyone doing debt management with The Citizens Advice Bureau or C.C.C.S. and can recommend either of them?Any advice please,as i’ve 17 creditors to pay off and its going to take ten years or more to clear yet,unless i ever won a large amount of money or had any inheritance left me

Answer: I highly recommend the Citizens Advice Bureau

They are free. They are realistic in what a person needs to live on before they offer the remainder out to creditors. They check thoroghly that a person is fully liable for all the debts he has. They wipe off what they can and challenge who they want

They also have a wide database of charities and trust funds which they research to find any possible money that can be obtained to help pay some of a persons debts off.

Plus as they are specialists in the area and have been for a long long time… creditors are happy to deal with them on your behalf

Finance and Banking

Largely in response to the recent financial crisis, Congress has just approved the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (“Act”). The Act is an historic and wide-ranging piece of legislation that will result in significant changes to the regulatory framework, operations and supervision of the financial services industry.

Thurrock Citizens Advice Bureau: Mike Rawlings

Question: has anyone ever has dealings with valour financial management?

Ive been told they can help me sort my debt problem with a thing called a financial management plan.

i owe £12,500 and i said i could probably afford to pay back £200 total a month towards my debt, ive been told that i can do it, but it’d take about 82mths to become totally debt free.

seems too good to be true, and i dont want to agree to something that could mess me up more than i am already.
was wondering how legit these people are as i havent heard of them before, and i dont want to be screwed over even more by finance people.

I cant find any reviews of their services online either. anyone?
lol sorry, title should be ‘has anyone ever HAD dealings with valour financial management? ‘

Answer: They’re real and they can do it – but they’ll charge you. Try Citizen’s Advice. They do the same job for free.

Finding gold in them thar foreclosures

Market sees a fivefold increase of investors buying distressed properties

Setting up a Debt Management Plan with Atlantic

Question: what is better for your credit file going on a debt management plan i changed my mind the last time i asked?

or having the card companies do a reschedule and pay an amount for 3 months and then clear and start paying again as i am not sure what this means any advice as i know debt management isnt good for your file and credit score
what does rescheduling the debt mean

Answer: Working with the CC company is the BEST way to go. You can explain to them the hardship directly, and they are more likely to work with you, than being slapped in the face with the info from a credit counseling company or bankruptcy.

A caveat here….. those debt mgt companies are RIPOFFS, and most of them are under investigation by the Federal Govt… I’d avoid them were I you…

EDIT_— rescheduling the debt means they are restructuring when and how much you pay each month…

Credit Card Debt Relief: A Personal Bailout Through Consolidation Explained

PORTLAND, OR–(Marketwire – 06/30/10) – Credit card debt relief and how to get it is explored today. Americans who are strapped with credit card debt aren’t likely to get any relief from the government anytime soon. Yet through the use of debt relief programs, people have the opportunity to craft their own bailout. According to the Federal Reserve, U.S. households spend 18% of their disposable …

How does a debt management plan affect my credit score?

Question: Help me please….Will I lose my home?

I have a mortgage that the fixed rate comes to an end on in May, I have had it for 3yrs. Due to the credit crisis at the moment our finances are really bad and we are currently on a debt management plan. We have never missed or even been late with our mortgage payments but what I am worried about is that in May, what if there isnt a company that is willing to give me a mortgage due to my credit rating?? Will it mean that we will have to sell the house? Or what if someone does offer us a rate but the payments are way too high ( struggling as it is!) and we have to sell anyway, this would mean that we wouldnt be able to reapply for another mortgage for 6yrs?? Am I best off declaring bankrupcy and get it over and done with- does that involve taking the house off us?? Sorry about the many questions but so confused!! HELP!!
I am desperate as I have a 1yr old and a baby due anyday, I need to know their future is secure!!

Answer: I think the best way forward is to seek legal advise. There are specialist solicitors who offer free advise, look in your local evening paper for their address. Do not declare yourself bankrupt as this would certainly mean your home would be repossessed. Try not too worry, get the advise you need, speak also to your mortgage provider when your deal is coming to the end.

Auto-Loan Debt Sales Rise on Faith in Consumers: Credit Markets

Sales of securities backed by car and truck loans are rising even as corporate debt issuance overall declines in a show of faith in consumers by fixed-income investors.

The Credit Card Crisis

Reportlinker Adds Global Asset Management Industry

Reportlinker.com announces that a new market research report is available in its catalogue:

ALLIANCE DEBT MANAGEMENT