Cyndi

“Dear Steve,

My husband lost his job. We are $13,000 in credit card debt. We owe a mortgage and an equity loan. My income covers most but not all expenses.

I need to know what I can do to get the credit card company to set me up on monthly payments for what I owe,without adding anymore service charges and interest payments to it.

Cyndi”

The Answer:

Dear Cyndi,

The irony here is that you can’t really get to the best repayment options available as long as you are current on your credit card bills. You need to get out of the regular customer assistance and into the collection folks to be offered any adjustable terms. So in that case, fall behind a month or so on your bills and you can see what they have to offer.

Outside of that your next best option is to explore the possibilities of entering a debt management program. Through a debt management program your creditors will often eliminate fees, reduce or eliminate interest and bring your account current. Click here for debt management information.

Big Hug!

@GetOutOfDebtGuy

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Read the full article at GetOutOfDebt.org, click here: My Husband Lost His Job. What Can We Do To Get Help From The Credit Card Companies? – Cyndi

In what struck me as a moment of irony, I read this morning about TVI Corporation, a Maryland based manufacturer of disaster shelters and other protective equipment, that has filed for Chapter 11 bankruptcy protection.

It seems that while they manufacturer many types of disaster shelters, they didn’t have one to protect them from financial disaster.

In an effort to help diversify their income, TVI had extended their services to include not only, emergency shelters, protective gear for military and law enforcement, but party tent rentals. It sure doesn’t seem like the most likely addition in business to a company that normally sells infection control supplies. Maybe they rented some tents to some pretty dangerous parties? But it what wasn’t a surprising move, Last December TVI sold, unloaded, the party tent portion of their business.

GLENN DALE, MD – December 9, 2008 – TVI Corporation (NASDAQ: TVIN), an international supplier of military and civilian emergency first responder and first receiver products, personal protection products, quick-erect shelter systems and equipment rentals, today announced the December 3, 2008 sale of its Frederick, Maryland Signature tent-rental assets to Wisconsin-based Karl’s Event Rental for $2.1 million. In connection with the sale, Karl’s Event Rental also assumed the lease agreement for that location. As a result of the transaction, TVI expects to incur charges totaling approximately $100,000 in the fourth quarter of 2008 related to legal, severance and other transition costs. TVI previously announced its decision to close its Frederick location and exit the tent rental business. With this sale, the Company has completed the exit and fully monetized the assets associated with its tent-rental business.

But the good news is that if you are looking to source your next purchase of autopsy pods, TVI is the place to get them.

Other Related Articles to Read

• Blockbuster Going Bust. Bye-Bye Blockbuster?
• I Owe $100,000 in Student Loan Debt And Might Have to Leave the U.S. My H-1B is Expiring. – Venkat
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• My Business Failed, I’m Selling Everything on eBay, I’m Maxed Out and Scared. – Lori
• I Don’t Even Know Where to Start. – Candice
• I Can’t Pay Sallie Mae – Carlos
• I Own an Internet Cafe in the Philippines and Can’t Pay My Bills. – Noname

Read the full article at GetOutOfDebt.org, click here: Chapter 11 Bankruptcy Irony – TVI Corp