Tag Archives: debt management plan
- Which is Cheaper: Credit Counseling, Debt Settlement, or Bankruptcy?
How can you determine what debt relief option is the right fit for a given set of cash flow limitations. The 3 options that people typically seek outside assistance with are Debt Management Plans (DMP), Debt Settlement Programs, and Bankruptcy. There are benefits and drawbacks to each option. Companies and people selling you a specific [...]
- Less Than Full Balance Plans and the Problems They Create for Credit Counselors
For many years debt relief plan providers, such as nonprofit credit counselors, and debt settlement service providers, have been seen as two separate and distinct structures in the debt relief services industry. These two sides of the industry have often been at odds with one another. While debt settlement providers have never come together as [...]
- All About Cambridge Credit Counseling Corp.
Company Name Cambridge Credit Counseling Corp. Owners/Managers Christopher A. Viale, President & CEO Thomas W. Hebert, Chief Financial Officer Tracy Guay, Clerk Of the Corporation Physical Street Address 67 Hunt Street Agawam, MA 01030 Contact Information 1-800-CAMBRIDGE (1-800-226-2743) [email protected] Website CambridgeCredit.org Description of Services Provided Cambridge Credit Counseling Corp. is a 501(c) 3 non-profit credit [...]
- How Can We Reduce Our Interest Rates So We Can Pay Our Own Way? – Joan
Husband out of work, medical bills billing up only 1 income and starting to slide downhill on higher interest crds would like to know if we can reduce interest rates and late fees on some of the cards, where as some of the cards have ok interest rates dont want to declare banko would like [...]
- Should We Be Looking More at Bankruptcy? – Kirby
“Dear Steve, Looking back, I see that while I thought I had a decent budget in place, I was not budgeting correctly. I did not have money set aside for simple things like new shoes or car maintenance. Whenever an unexpected expense came up, I just put it on the credit card and didn’t worry [...]
- How Do You Value Your Quality of Life? Debt Solutions to Fix The Future
Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard [...]
- I Would Like to Consolidate My Debt, However I’m Having a Difficult Time Finding Someone Who Will – Laurie
“Dear Steve, I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that [...]
- Mohamad Wants to Pay His Creditors If Only They’d Let Him
Mohamad “Dear Steve, Our company closed by end of January and I’m behind with my bills. I’m struggling to pay my mortgage. I call other credit cards and some of them made payment plan and lower the interest but Capital One is giving me a hard time. I owe them $16,000 and the collection agency [...]
- How to Shop for a Good Debt Management Program
You deserve to feel completely certain that you’ve picked the best organization to help you solve your financial issues. We’ve prepared this list of questions to help you find the right organization to represent you. 1. Will You Send Me Information About Your Organization and Programs? A credit counseling organization should be willing to give [...]
- I Really Screwed Up And Need Some Direction. – Chris
“Dear Steve, Poor, Poor, Poor money management!! I need some direction on what to do. I am terrified of bankruptcy, and want to do anything to avoid it. I have read a number of things on your web site, which I truley appreciate, and you have talked about the failure rate of so many people [...]
- I Owe American Express and I Am About to Start a Debt Repayment Plan With Money Management International. – Shelley
Shelley “Dear Steve, I have about $26,000 in credit card debt and am about to start a plan with Money Management International. The question I have is about the American Express account, which is about $12,000. Over the last year, iIt has bounced from 2 collection agencies to a law firm, Mann-Bracken. I am never [...]
- How Can We Get a Monthly Payment Lower Than Cambridge Credit Counseling? – Nicole
“Dear Steve, My husband and Ihave $52,000 in credit card debt. Mostly due to lay offs, and taking a reduced pay. I have been talking with a credit counselor at Cambridge Credit counseling and they have put together a package for five years at $991 per month. This program will get us out of debt [...]
- We Are Considering a Debt management Plan to Get Back on Track. – Patricia
“Dear Steve, We are totally upside down on our home in Southern California. We have been here 3 years, and have lost over 150K in value; we owe 570K on a house we could sell for about 430K. Ouch. We have about 35K in credit card debt and are barely making minimum payments. We are [...]
- Deepu’s Wife is Unemployed And is Looking for a Debt Consolidation Loan
Deepu “Dear Steve, I was referred to you by the ARAG group. My wife has $13000 in credit card debt. she is unemployed. We are in a rough spot but things should get better March 1st, 2009. Is there anything you can do to help consolidate our payments to lower them and help pay the [...]
- Is Money Management International a Reputable CCCS Company? – Dawn
Dawn “Dear Steve, My husband’s income has dropped by about 60%. We’re having a difficult time making ends meet. We have a forebearance plan right now with our mortgage lender. We have about $35,000 in credit card and medical bill debt. We’ve fallen behind on most of our cards by over 30 days and they [...]