Tag Archives: settlement
- I’ve Got Three Kids, Falling Behind, Unemployed and Have a Lot of Debt. – Kevin
“Dear Lewis, Here’s my situation. My name is Kevin, I am married with 3 kids. My story began when my wife and I tried to restructure our finances by applying for Obama’s mortgage modification program. The irony is we didn’t need to, but we were told that we qualified and figured, if we could save [...]
- Debt Settlement: Top Ten Most Misunderstood Facts
Over the past few years debt settlement has been in the news, not always in a good way. Many consumers have complained about the services they’ve received while some have been very happy. Much of the disparity in the perception of the service is due to misconceptions about the process itself. So here are the [...]
- Trapped in a Debt Settlement Contract. What to Do? – Dean
“I contracted a debt settlement company now that it changed. I signed with them back in May of 2010, this was before the new law changed for settlement companies not to be able to charge up front for settlements. The contract is crazy, and I was stupid to sign it. I was totally delusional from [...]
- I Have an Account With HSBC And They Don’t Want to Settle. – Arvin
Arvin “Dear Steve, I opened an account with HSBC in 2004 for $1,600. I have been making my monthly payments even more than the minimum monthly payment required. However, due to my current financial hardship, I was not able to pay monthly. The interest rate is 23.80% and penalties kept adding to my account in [...]
- My Parents Were Sued by Landlords Mortgage Company. – Jacob
Jacob “Dear Steve, My parents were sued by a mortgage company that took over the house they lived at (almost a year ago). The landlord at the time went with my parents to court. She agreed to pay the settlement ($2400). We got her to sign an agreement with her saying that she would pay [...]
- Get Out of Debt Podcast – Answers for Deborah Who Was in an Auto Accident
Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. @GetOutOfDebtGuy Deborah’s Question Deborah was in an [...]
- Lawyers Lose Licenses Over Debt Relief. Dangerous Waters For All.
This has been a growing story over 2008 but I think it is a good example of the perils that consumers face when trying to get out of debt. We already have been ingrained to not trust credit counselors by the flurry of activity as the IRS targeted credit counselors a few years ago. But [...]