Debt Management Plans
Are Debt Management Programs For Real? – Kim
“Dear Steve,
I am in over my head and I really don’t have a clue if I can ever get out of debt. I have six credit cards, most of which i have closed.
I currently am making minimum payments on my credit cards (6) and the loan I took out from Bank of America. Totally I [...]
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Can I Keep One Credit Card Open for Business in a Debt Management Plan? – Dave
“Dear Steve,
I am just barely above water, and the tide is coming in!
132,000 in mortgages (first & second).
53,300 in credit cards.
Can you recommend a reputable debt management service? My goal is to pay down debt as quickly as possible w/out to much damage to credit.
Also, I need to keep one card available for business- can [...]
I Really Screwed Up And Need Some Direction. – Chris
Chris wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
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Call to Action Debt Management Plans Rolling Out Slowly. May Benefit Consumers Looking to Repay.
For years I have been emphatic that in a credit counseling or debt management repayment plan, it isn’t the interest rate reduction alone that is important, people need to get their monthly payments reduced. That’s more important.
New “Call to Action” debt management plans (DMPs) offer low or no interest rates to people who can qualify. [...]
Ginger Asks “I Started My Business On Credit Cards But It’s Hard to Make Payments”
Giner wrote in through the GetOutOfDebt.org site and asked for help.
“I started a new business, had a few small credit card balances before, but had to use them, plus acquiring a few more, and with the balance trasfer deals, I now have 8 cards with a total debt of $50,000+. I manage to stay [...]
Five Inside Truths About Debt Management Plans (DMP) You Need to Know
People are often so confused or uninformed about debt management plans in the US that I wanted to share some truths with you. Here are the five biggest misconceptions people have about debt management plans, in no particular order.
Debt Management Plans Are Not Designed for You to Get Out of Debt
Since the DMP terms are [...]
