Debt Help Services

Posts Tagged ‘advice’

Question: I would like some advice. I signed up with a debt settlement company over a year ago and now i’m being sued by?

one creditor after another and I’m falling further and further under. What can I do to resolve this matter?

Answer: debt settlement companies pressure your creditors to settle by not paying your bills. They don’t do anything that you can’t do yourself. I am sure that your realize this by now but you should avoid debt settlement companies.

Your only option at this point is to show up in court so you can try to negotiate a payment plan with the creditors. The judge may approve it. Otherwise you will be at the mercy of the creditors. They will be able to garnish wages, freeze checking, place liens…

Or you could file bankruptcy.

The Misperception of Credit Card Debt Relief and How Consumers Are Getting Out of Debt

LOS ANGELES, CA–(Marketwire – 07/24/10) – It’s hard not to notice all the advertisements and promotions for debt relief . Whether it is on TV, radio, newspaper, or the internet, there’s some company promising freedom from credit card debt and other various unsecured debts. The problem is none of these ads inform consumers how the program works. The main forms of debt relief available and how …

Martin Lewis- Debt advice

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: Apparently it’s London slang, help?

I’m rewriting my Jekyll and Hyde coursework. There’s just one thing I still don’t understand.

Why did Endield and Utterson refer to to the street where people are living in debt as “Queer Street”?

Apparently it’s London slang, but I know meanings change, so what did it mean then?

Help?
♥
Thanks alot for that

Typo- I meant ‘Enfield’

Answer: Queer Street is an imaginary street where people in difficulty live
Origin:
This slang term was recorded in 1911 in an updated version of Grose’s Dictionary of the Vulgar Tongue,entitled Lexicon Balatronicum: A Dictionary of Buckish Slang,University Wit,and Pickpocket Eloquence.
QUEER STREET,Wrong,Improper.Contrary to one’s wish.It is queer street,a cant phrase,to signify that it is wrong or different to our wish.
The phrase is often associated with debtors,although not exclusively so.Queer Street may have been imaginary but where it was imagined to be was certainly London.By 1821 the term had found it’s way into Pierce Egan’s Real Life in London.”Limping Billy was also evidently in queer-street”.
Of course the phrase was coined long before the 1920’s when “queer” was first used as a synonym for “homosexual”.

Debt crisis pushes Europe toward economic reforms

In the ashes of Europe’s debt crisis, some see the seeds of long-term hope. That’s because the threat of bankruptcy is forcing governments to implement reforms that economists argue are necessary to help Europe prosper in a globalized world — but were long viewed as being politically impossible because of entrenched social attitudes.

Helping America Out of Debt

Question: What are the benefits of student loans?

I will be a sophomore in college next year and was wondering about the benefits of receiving student loans. I was entitled to receive one last year, but did not apply for one because I was fearful of getting in debt (I come from a low income background). However, I worked practically full time for 6 months and earned less than $4,000, most of which went directly to school related expenses (gas, food, books, lab fees, school supplies). Also, because I worked full time I wasn’t able to meet as many new people as I would have liked, and did not have the time to partake in extracurriculars.

Answer: i believe, since you come from a low income background, you should receive some assistance from FAFSA/ fina. aid.
as for student loans, the upside about it is that you dont need to pay a single penny (depending on which type of student loan it is) until you graduate/leave school.

When, if ever, is exploitation acceptable?

Work experience is invaluable but diversity and inclusivity are at risk when we ask junior lawyers to be ‘unpaid interns’ Working for free is something the Junior Lawyers Division has been encouraging since the days when it was the Trainee Solicitors Group (yes, that long) and pro bono work amongst junior lawyers continues to increase year on year. Pro bono is for the greater good of society …

National Debt Helpline – How we can help…

Question: Credit Card Company Offered Settlement, Should I take it?

I have been on a debt payment plan for 6 months, but withdrew after I found out I could be paying less interest than with the credit counseling agency. I also thought the $50 monthly fee was a waste of money that could be going towards the debt. I contacted one of my credit card companies, Discover, and they offered me an internal payment plan that was more than the minimum payment, lower interest than with the counseling agency, and I agreed and am using that. With Chase, I called and they offered either a monthly payment program, and he also told me they would settle for 60% of the debt, so the $2700 I owe would be $1600, and I could make 4 monthly payment and be done with it. Should I do this? What are the pros and cons? I can make the 4 payments financially. I’m not worried about my credit report, I have no need for financing, I’ve changed my spending habits and have used cash only for 8 months now. I just want to put this debt behind me. Tips? Thanks!

Answer: Good for you, you’re on the right track.

There’s no magic number regarding how low a credit card company will go to get a settlement. They simply want as much money as possible, so if they think they can get $1600 by offering you a settlement that’s better than having a $2700 debt on the books that you never pay.

I would start by offering them about $1200 for the debt, and see where that gets you. Never accept a first offer. But if they don’t budge, $1600 is a good deal since it allows you to pay this debt off in 4 months.

The key to dealing will collections people is to get everything in writing. Don’t send them a dime until you have your agreement in writing in your hand. Never send payment based on a verbal promise of a settlement and never send it based on a promise that the paperwork is in the mail. Keep good records and make sure their paperwork clearly states the payment structure, and the fact that those payments settle the debt in full.

Congratulations on being on the road to being debt free.

Borrowing has huge role in proposed spending plan

House backs a $4 billion loan, favors giving Quinn broad budget powers SPRINGFIELD — After hours of arduous debate and infighting, House Democrats led approval Tuesday of a new state budget that relies on borrowing $4 billion to pay public pensions and giving Gov. Pat Quinn emergency powers to cut the budget.

Discover Florida Debt Settlement Strategy 2 Get Out Of Debt Prt3