Debt Help Services

Posts Tagged ‘advice’

(AFX UK Focus) 2010-01-05 18:09 UPDATE 1-Simmons restructuring plan gets court OK

NEW YORK, Jan 5 (Reuters) – Simmons Bedding Co said on Tuesday it had won bankruptcy court approval to be taken over by affiliates of Ares Management LLC and Teachers’ Private Capital and emerge from bankruptcy by Jan. 20. The Atlanta-based mattress maker said that the U.S. Bankruptcy Court for the District of Delaware had approved its pre-packaged restructuring plan, which helps the company cut …

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Question: Is there a such thing as “canceling” your credit card debt?

Just yesterday I received an unsolicited email about a a credit card debt cancellation service called DebtClear. Coincidentally, I’m now looking to get out of debt so it’s peaked my interest. However, I want to be careful. The program (called Court Mediation Services) explains how it can legally eliminate your debt (usually in several months) and get your credit re-established. Supposedly their organization is a team comprised of debt management specialist and debt attorneys… It sounds good but I have some suspicions. I filled out a simple opt-in form and they sent me to this url: http://www.debtclear.com/programs/5877587?nid=74923. I want to know if anyone has heard of this organization before or what kind of results they had with it. Anybody have any info on this?? Thank you kindly to all who can offer some help…

Answer: Boy this smells like dead fish to me. By the way, according to IRS rules any debt such as Credit Cards that is canceled or forgiven becomes taxable income to you and you have to claim it on your income tax returns (federal and state). I would stay clear of this crap. Someone is making money some where in all of this.

BankMuscat extends RO 77 million term loan facility to ORPC

03 January 2010 MUSCAT -- BankMuscat, the leading financial services provider in the Sultanate, recently signed a RO 77 million ($200 million) term loan facility with Oman Refineries & Petrochemicals Company (ORPC) to partly refinance its working capital needs.

Interview with Dan Tolra debt reduction specialist from Equitus

Question: Just wondering if ???

Just wondering if anybody else out there has a debt letter from a company called WESCOT CREDIT SERVICES LTD for the amount of 10 pounds for failure to pay for a PAY PER VIEW football game on SETANTA.
I recieved one this morning…………………this is the first thing i have heard about me oweing Setanta money for a game that i watched and supposedly hadn’t paid for ( even though you can’t watch a game without giving your credit card details).
I phoned Setanta and they said that they have been told to tell people to call an 0905 number so i did and it’s a premium rate helpline that goes dead………called Setanta back and they said thats all the info they can give me.
Anybody out there had the same problem ????

Answer: Dont ring the number again... write to the debt collection agency, cc in a watchdog/abitrator.. save copies of your corespondence

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Charles Digivoice Calls The 24hr Debt Helpline.wmv

Consumer rights: Do I have to pay tax on online auction profits?

I’m selling some stuff on an online auction site to make a bit of money to pay off my Christmas debt but my sister says I’ll have to pay tax on the money I make. Is that true? FB South-east London

Mpower Media TV Commercial for My Debt Helpline

Question: Is this a good way to pay off credit cards?

I was going to get a consolidation loan from my local credit union.

i have 10 k in credit card debt but was just going to consolidate 6500 and pay the other one off by just snowballing.

If you think you know a better solution please feel free to comment.
i would love to have a second job but i work full time ( 7am – 3pm) and go to college full time at night. i dont have time for that option.

Answer: Do you go to school Sat. and Sunday? Even a full day job on Sunday would help you make the pay.ments temporarily and it, as stated, will not kill you for 6 months. Full time, does that mean every evening?

If your local CU will give you that loan then take it but don't be stupid by deciding once that check is in your hand to spend it on ANYTHING, even 1 dollar, other than the debt.

Greece in No Rush to Sell Bonds, Debt Chief Says (Update1)

March 2 (Bloomberg) -- Greece is under no pressure to sell bonds and will do so when market conditions are “favorable,” said Petros Christodoulou , head of the country’s debt management agency.

Local Debt Consolidation Reviews