Tag Archives: dmp
- I Need to Take Out a Payday Loan to Cover My Credit Counseling Payment
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 [...]
- I Found Myself in Debt Again and Back in a DMP. Should I File Bankruptcy? – Carol
“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 [...]
- 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 [...]
- I Am a College Student. How Bad Is It to Pay My Bills Late? – Zaria
“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 [...]
- I Went With Take Charge America and Refuse to File Bankruptcy. – Nic
“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 [...]
- 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 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 [...]
- Do I Buckle Down and Payoff My Debt or Enter a DMP? – Erica
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 [...]
- 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. [...]
- 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 [...]
- My Boyfriend Has $20,000 in Credit Card Debt on 8 Cards. – Kathryn
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 [...]
- My Bank Does Not Accept Payment From a Debt Management Plan. What Do I Do? – Junior
“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” The Answer: Dear Junior, Basically, [...]
- 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 [...]
- What Do You Think of the CCCS company Money Management International? – Carol
“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 [...]
- My Dad Took Out Cash Advances on My Credit Card And Took All of My Savings. – Heather
Heather “Dear Steve, I am a recent MBA grad who got into a lot of debt before and during school because I needed to help out my family. Due to my dad taking out cash advances on my credit cards and then my having to live off my credit cards during school because I had [...]