Debt Help Services

Posts Tagged ‘Credit Help’

Question: How would this work…paying off everyones credit card debt, would help the economy immediately?

Have the government pay off the 2.5 Trillion in credit card debt US consumers have, and any purchase within the next 6 months is guaranteed at 2.9% interest. This kills two birds with one stone. The banks get their money and the people get a new lease on life and the economy will get a HUGE surge in purchases.
Yeh, this will work. I double checked all my figures.
at that 2.9% rate it would max out at 1250 that is all you get. Now if you are a responsible citizen and didn’t need the help that 2.9% would be good for 18 months with a 5k cap.
so, you would rather spend 1.25 Trillion and pump that into the stock market instead.

Answer: Sounds good to me. I could live with that. I mean, the government spends $12 Billion a month in Iraq. Why can’t they stop spending money on other countries and do something for US for a change?

Please answer mine…

http://answers.yahoo.com/question/index;_ylt=AjkSPdk3EuXkDqfvNwnFs5vsy6IX;_ylv=3?qid=20081011164553AAv9ZEA

Scotiabank reports record second quarter earnings of $1.1 billion

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government help credit card debt

Question: We have $8,000 in credit card debt; we live in GA. What’s the best non-profit credit consolidat. company here?

We live close to Blue Ridge. APR on credit cards are 23%. We are looking for a credit consolidation company that will help us lower APR. Thanks.

Answer: Contact Consumer Credit Counseling Services at 1-800-388-2227 they are the largest and oldest consumer credit counseling service in the nation and will work with your creditors to lower your interest rates and monthly payments and they are non-profit.

I used them several years ago and was debt free in 36-months.

While you are in their program your accounts will read as "Included in credit counseling" after you finish this notation will be removed. This will not affect your score but it will affect your ability to get more credit.

At the end of the program your score will be much better due to being out of debt and having a great payment history.

5 Small Businesses Tax Tips for 2010 from DebtGuru.com

Start preparing for next year's tax season now to make it much easier for tax time. Find many more tips on the Debt Guru blog at http://www.debtguru.com/finances/top-twelve-tax-tips-for-small-businesses.

How to Improve Your FICO® score

Question: Where can I find guidelines for Obama’s mortgage loan modification program?

I was denied over the phone because my income has dropped too low. I don’t want to lose my home, any website where it actually lists if my income is a certain level I won’t qualify? I can’t help I have a lot of debt like credit card and car payments so they said my income had to be double what it actually is right now.

Answer: http://www.usnews.com/money/personal-finance/real-estate/articles/2009/03/04/obamas-loan-modification-plan-7-things-you-need-to-know.html

New rules for credit cards set to begin

With new credit card laws taking effect next year, financial experts are optimistic consumers will become better money managers whether they choose to or not.

Do Debt Settlement Programs Work?

Question: Does anyone know of any legitimate work at home jobs?

Does anyone know of any legitimate work-at-home jobs where you don’t have to invest ANY money? I live in Ottawa, Illinois, and I have a lot of credit card debt. I need a legitimate work-at-home job. I have a computer and can type. I am open to any suggestions.

Answer: Buying things at auctions and selling in Ebay and the recycler or other similar places and websites. If you are good at taking pictures, running a home based portrait studio is great!

The truth is that you have to use your imagination. There's no such thing as a perfect home job, at least one the can satisfy everyone. You need to look at what you are good at, what skills you have, use a bit of imagination and come up with a way of making money from home.

I have a friend, and I don't mean this as a joke, who is very sexual. Since I met her in high school, she has alway been into adult toys, so now she opened a website selling them exclusively to women. She will prersonally help you pick what you need and all the good stuff. Last thing I heard is that she was doing pretty good. Not to the point that she doesn't work outside the house, but if things keep growing the way they are, she should be able to quit her day job and just run her home besiness in about 6-10 months. I hope she does good. Good Luck!

Year of the scam: BBB Lists Top 10 Scams and rip-offs of 2009

Better Business Bureau is releasing its list of the top 10 scams and rip-offs of 2009. Many scams sought to take advantage of people who were suffering under tough economic circumstances - like the unemployed.

Avoiding Credit Card Debt Relief Scams

The logical solution to the Recession is for government to act in the interests of the people and print enough money to re-inflate the economy and SPEND it into circulation.

Why does government not do that? Why does it resort to the complexity of having banks create it, then borrowing it off banks, then repaying it later at interest?

For one thing, it is too simple and when things are simple people can understand what government is doing and when the people understand what government is doing, government cannot hide its cock-ups.

The main problem however is that there would be no profit for the banks and that would not do at all. Clearly our government believes the prospect of banks denied the opportunity to make a buck is too gruesome to contemplate.  It would much prefer we face ruin than actually take very simple, logical steps to put matters right and end this fiasco.

What is it planning to do instead?

It plans to have the national bank print money, Good so far. Then all it has to do is spend the new money into circulation, right?

You’d think so wouldn’t you? Unfortunately it has no intention of doing that.  Instead it will use that newly printed money to buy back some of those aforementioned bonds AT INTEREST from the banks.

The banks will then take the money they receive from government and LEND it into the economy by persuading you, me and business to borrow it at interest.

Get the difference. On the one hand the government prints a few billions and then spends it directly into the economy – debt and interest free – to rescue ailing business, put more spending power in the pockets of the consumer and so on.

On the other hand the government prints the money and gives it to the banks in exchange for some pieces of paper with “bond” written on them. The banks then lend it to ailing business and hard up consumers at interest – which is another way of saying it allows the consumer and business temporary hire of the money, provided it pays a rental charge for that temporary use.

In the end then, with government’s help, guess who will profit from our misery. The banks of course!

But did they not create that very misery in the first place?

Credit Suisse Says Buy Argentine CPI-Linked Bonds (Update1)

Investors should sell Argentina’s defaulted dollar debt and buy the country’s inflation-linked peso bonds as the government seeks to bolster the credibility of its consumer price data, Credit Suisse Group AG said.

Debt Relief & Management Tips : How to Get Out of Debt