Tag Archives: repayment plan
- How Do I Get the Credit Card Company to Lower My Payment to What I Want? – Sally
“Dear Steve, My husband almost died due to an abscess on his liver. Medical bills piled up. Then he lost his job. Then I lost my job due to budget cuts. Currently my husband is unemployed, and I am working, but for less than my last job. Credit cards were used for everyday items such [...]
- Lauren is Searching For Ways to Get Out Of Debt And Make Her Bad Credit Go Away
“Dear Steve, If I find a consolidation company to help me pay my bills will my bad credit go away? Lauren” The Answer: Dear Lauren, It is usual for people to search for a magic wand that will make their debt go away without impacting their credit report. There really is no such solution, [...]
- I’m in Debt and Talked to CCCS and They Said They Could Not Help Me. – Ray
Ray “Dear Steve, I have about $75,000 in credit card debt on 3 cards. I know I have been spending beyond my means and I have already changed my ways. I didn’t have any trouble paying my bills until a few months ago, when several things that needed cash added up. I have never been [...]
- HFC Wants a Copy of My Paystub. I’m Not Going to Give It to Them. – Teri
“Dear Steve, 3 months late on a signature loan. Now they want payment in full. Can a company (HFC) or thier debt collector tell you that they will only accept payments from you if you send them a copy of your pay stub along with a list of all of your debts. I’m not about [...]
- Nildo Has Moved Back in With Parents And Wants to Save His Car From Repossession
Nildo “Dear Steve, Because of a job change, that pays only commission I got myself into this mess. Now I have to move back into my parents home and lose my car. It pays good commission but I have had 3 bad month and now I don’t know what to do How do I get [...]
- Your Searches and Speed Round Answers
I was looking through the recent search phrases on the site this morning and thought I’d take a whack at answering some of them quickly so I’m trying a new approach, the speed round. What happens if you do not answer a debt collectors who is an attorney? If you mean answering the phone, you [...]
- Mark Writes In “I Need to Go Bankrupt in the UK”
Mark wrote in about his financial situation. “Hi Steve, My wife and I need help. Since 2001 we’ve been living in the U.S. and we’ve just got our green cards. We moved to the U.S. from the UK and for years I’ve been struggling to pay back debt there using dollars to pay back British [...]
- Do We Have Any Viable Alternatives Other Than Bankruptcy? – Paul
“Dear Steve, I have piled up over $60k of credit card debt over the past couple of years. My gross income has been in the $55k range for the past two years. I am in a business where my income should continue to grow but with minimums around $1300 per month I’m very close to [...]
- Bankruptcy Judges Should Have the Power to Modify Mortgages
The sagging home values are drawing attention to a gaping hole in bankruptcy protection, the ability for U.S. bankruptcy judges to be able to modify the terms of a mortgage to keep people in their homes that want to pay. A couple of recent article really caught my eye, “Delahunt: Empower judges to modify mortgages” [...]
- New Concerns About 40% Credit Card Debt Reduction Proposal
Last week I wrote an article Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out but more information has come to light since then. While consumer advocates are happy about the possibility of getting banks to write off as much as 40% of the debt in order to [...]
- Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.
Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings have finally come together with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process [...]