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Tag Archives: dmp

I Suggest Bankruptcy Too Often, So Say Some

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I really do read all the comments, all the Twitter messages you send me and appreciate the feedback. Over time a common statement I get is about my recommendations is that people think I suggest bankruptcy too often. For more information on this topic, please see all the links in my free guide about how to deal with debt. So ... Read More »

    I Need to Take Out a Payday Loan to Cover My Credit Counseling Payment

    justball-144x125

    im currently on a debt management plan of 100 per month but needed to take a payday loan out to cover my self for the month but when my payday comes i wont be able to pay both. unless i get it exended till next payday or do you think dexter bell would add this to my current dmp then ... Read More »

      I Found Myself in Debt Again and Back in a DMP. Should I File Bankruptcy? – Carol

      justball-144x125

      “Dear Michael, I filed BK in 2003 (April/discharged Nov 2003). I’ve found myself in debt again and I am thinking about filing again. I have been in a DMP for the past few months but I am so tight against I don’t know if I will make it through. Since I filed pre-2005, the laws were different than now and ... Read More »

        Which is Cheaper: Credit Counseling, Debt Settlement, or Bankruptcy?

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        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 brand of debt help can ... Read More »

          I Am a College Student. How Bad Is It to Pay My Bills Late? – Zaria

          justball-144x125

          “Dear Steve, I’m a full time college student, who also works part time. I’m 21 and both of my parents are deceased. Right now I am well over my head in credit card debt (which I used to pay for textbooks and classes) and with my job at the verge of bankruptcy…my hours have been cut and I have not ... Read More »

            I Went With Take Charge America and Refuse to File Bankruptcy. – Nic

            justball-144x125

            “Dear Steve, I am 29 years old, married, own a home, 2 cars, and self employed. I started a debt management program with Take Charge America and have paid off approximately $14,000 so far. My payment is $1,327 per month. Due to the nature of my job, my income fluctuates and I have been seeing some difficult times recently. The ... Read More »

              How Do You Value Your Quality of Life? Debt Solutions to Fix The Future

              Photo Credit: Cayusa

              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 on the debtor but also ... Read More »

                I Owe American Express and I Am About to Start a Debt Repayment Plan With Money Management International. – Shelley

                justball-144x125

                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 able to make the $300 ... Read More »

                  Do I Buckle Down and Payoff My Debt or Enter a DMP? – Erica

                  justball-144x125

                  Erica “Dear Steve, I still have a good credit score, been paying minimums mostly but spend 45% of my take-home on credit cards. Not in trouble yet but can see it coming with the cards jacking up their interest rates. In the last 4 years I’ve had layoffs, underemployment and no health insurance which has contributed to the debt, but ... Read More »

                    Are Debt Management Programs For Real? – Kim

                    justball-144x125

                    “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 owe 30,000 with ... Read More »

                      Can I Keep One Credit Card Open for Business in a Debt Management Plan? – Dave

                      justball-144x125

                      “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 ... Read More »

                        My Boyfriend Has $20,000 in Credit Card Debt on 8 Cards. – Kathryn

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                        Kathryn “Dear Steve, My boyfriend has $20,000 in credit card debt on a total of 8 credit cards. He was able to pay his minimum payments & a little extra, as he had been trying to do the debt snowball elimination method. Recently Chase bought out a couple of the companies he has credit cards with and now his minimum ... Read More »

                          My Bank Does Not Accept Payment From a Debt Management Plan. What Do I Do? – Junior

                          justball-144x125

                          “Dear Steve, I’ve been in a dmp for the last year and 2 months. own a business. I am enrolled in a dmp plan but i have 2 credit cards from the same bank that do not accept payments. how do i go about this to resolve this? Junior” Don’t miss our free Get Out of Debt – “How To” ... Read More »

                            Call to Action Debt Management Plans Rolling Out Slowly. May Benefit Consumers Looking to Repay.

                            justball-144x125

                            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. In addition, the plans ... Read More »

                              What Do You Think of the CCCS company Money Management International? – Carol

                              justball-144x125

                              “Dear Steve, What do think of Money Management International? Are they the same company as CCCS? I have about 60,000 in debt and I need help my husband hasnt had a paycheck since Nov I did my own modification on my house back in Jan. I have no equity in my house they just lowered the payment and gave me ... Read More »

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