Quick Answer: Debt consolidation typically costs $300+ monthly, but a mother with $13,000 credit card debt on $14,460 annual Social Security income lacks sufficient cash flow for standard programs. Before pursuing expensive consolidation, she should explore why Chapter 7 bankruptcy was denied and consider asset-based alternatives.“Dear Damon,I am trying to get some help for my …
Quick Answer: InCharge Debt Solutions operates as a CCCS program that negotiates lower interest rates while paying back full debt over 3-5 years, while Accredited Debt Relief uses debt settlement where payments stop and debts are negotiated down. The best choice depends on Don’s ability to make minimum payments and whether he has steady income.“Dear …
“Dear Damon,I have a car payment, a high car insurance rate due to a recent accident and am paying the bare minimum on the $33000 that I have in credit card debt. After taxes, I take home $32000 a year.I called Citibank to ask if they would lower my interest rate and they suggested I …
Quick Answer: Express Debt Settlement exhibits major red flags including charging $17,000 upfront fees over two years while settling nothing, resulting in lawsuits and wage garnishment for clients. The company president threatened to sue a customer requesting refunds, demonstrating unprofessional practices typical of predatory debt settlement operations.The following guest post was contributed by Damon Day …
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