Debt Help Services

Posts Tagged ‘debt management program’

Question: How to Find The Best Debt Management Program?

any way we can find?

Answer: Avoid the debt reduction and debt consolidation programs advertised on television, radio and the Internet. These usually charge high upfront fees and they seldom pay your creditors. They typically collect payments from you for months before anything gets sent to your creditors, and this can get you sued, result in garnishments and judgments against you, and destroy your credit history.

Instead seek help from an accredited, non-profit community based consumer credit counseling agency. You can find one by going to the National Foundation for Credit Counseling website at http://www.nfcc.org/ or by calling them at 1-800-388-2227.

I have been a volunteer for years with a legitimate consumer credit counseling agency in my hometown, and I can tell you with confidence that they can help you.

(AFX UK Focus) 2010-05-30 17:39 HIGHLIGHTS-Saudi Arabia to keep spending, sees no debt issues

JEDDAH, May 30 (Reuters) – Saudi Arabia does not intend to raise spending beyond its plan in 2010 to keep inflation at bay and plans to cut debt below 10 percent of GDP before considering any bond issues, its Finance Minister told Reuters on Sunday. Following are quotes from the interview with Finance Minister Ibrahim Alassaf.

Debt Management Program

Question: Getting a mortgage while enrolled in a Debt Management Plan?

Does anyone know of any types of loans or lenders who will consider applicants who are currently enrolled in a debt management plan (DMP) or Credit Counseling Program (CCCS)? I have been making monthly payments on my DMP for almost a year, but have several more years to go. I would really like to buy a house. I would be a first time home buyer. Does anyone know whether this is possible?

Answer: Actually, I know someone who was in the same boat. Had a credit score of 560, was approved for an FHA loan through a local bank, but had to get a letter from the debt management company saying it was ok to assume new debt.

Credit counselors get bigger - and stronger

By Laura Hampson Correspondent After 23 years, Consumer Credit Counseling Service (CCCS) of Mid-Florida has merged with GreenPath Debt Solutions. (Photo by Alan Youngblood/Staff)

CCCS Debt Management Plan

Question: Debt Management Program the right way to go?

We are drowning in debt. So far we have managed to get our MINIMUM monthly payments out each month but we are getting no where. Would a debt management program be a good option for us? What exactly is it? Where do I find a reliable one to work with?

Answer: You are right paying the minimum payments will definitely not get you anywhere you'll end up just throwing extra money away to the credit card companies. I was in the same situation with about 18K in debt about 3 yrs ago. You can call Consumer Credit Counseling they're reputable and they've been around forever. They have a couple different programs to go with. I went with a consolidation plan and they lowered my interest rates and put everything into one monthly payment that i could afford, as of right now I have it all paid off and my credit is back on track. You can call them and they'll go over some options with you. Hope this helped! 1-877-343-5830

Church-based money management courses are growing more popular

When Lisa Williamson came to grips with a recent bout of severe depression, she decided that one way to do something about it was to address her credit card debt. "I know God doesn't want me to live like this, all stressed out and burdened about paying the bills," Williamson said. So the devout Christian turned to her church for help. Through some counseling she received at Savannah Christian ...

Sostalk Episode #1: Debt Management (With Slides)

Many debt management service organizations offer debt management programs. Bear in mind that there are bad debt management programs out there as well as good debt management programs. Consumer debt management credit counseling programs are the first you should consider when dealing with debt problems and need help. Below is what to expect when you are on a debt management program.

Enrolling in a debt management program

You will have a consumer debt management credit counseling session with a counselor of the debt management service organization you have chosen. The counselor will go over the ins and outs of a debt management program with you. The session often lasts one hour and is usually free. Then you take home the paperwork, discuss with your spouse or think it over. Then you fill out the application form that is usually many pages long. Once the application form is accepted, you are on the debt management program.

Check the fees associated with the debt management program

Bear in mind that each debt management program costs something. There are large fees and small fees for any debt management programs. So, before you sign on the dotted line, verify what fees you are committed to paying. Don’t just believe what the counselor say, read the contract thoroughly!

Provide creditor statements to the debt management program

Once your application form is put into the system which can take a week or so, the consumer debt management program will require many statements from all creditors from you. They will also need to pull your credit report to ensure that all information you provide them match what’s on your credit report.

Negotiate new rates on your debts

In the meantime, the debt management program will be in touch with all your creditors to try to negotiate the new rates that are standard for their customers. Some creditors will accept immediately. Others will take their time. Some will even try not to accept. American Express has been known to pull a few tricks to try to reject consumer credit debt counseling program offers.

Consumer debt management credit counseling program often takes your money monthly and disburse to creditors on your behalf.

Question: Has anyone ever gone through ByDesign Financial Solutions for a debt management program?

I am going through a debt management program with ByDesign Financial Solutions. I make my first payment in a few weeks. However, I have done research and can’t find any reviews on the company good or bad. Does anyone know anything about them?
I did find the site through nfcc.org, which makes me more comfortable with the company.

Answer: If they are not a member of NFCC, the will rip you off. Check NFCC.org to see if they are a member.

Fogeys made a splash

WELCOME to the Fogey Awards for 2009, the ceremony celebrating the characters that add some sugar and spice to the world of investing.

Oxford Management Services - Melville, NY - (772) 828-2898 - Review by Goldline Research