Consumer credit counseling subjects and topics can be found here. A discussion of consumer credit counseling and the impact and benefits it may have are discussed here.
“Dear Steve, Hi Steve, I have $43,000 in credit card debt across 7 credit cards. I have been making all my monthly payments and can continue to do so, but paying off this debt will take too long to imagine. I am considering Money Management International. Does this make sense for me? If I do … Read more
“Dear Steve, We got into credit card debt because of a move and no job for one year. We now owe 22K in debt. I want to become debt free in 4-5 years not 30 years. I am able to afford the monthly payment I was quoted by Money Management just unsure if this is … Read more
“Dear Steve, Steve, I’m on a major treadmill and can’t get off… My past life of earning north of $250,000 per year had me thinking this would last forever and no amount of debt was insurmountable. I lost a great job, and was unemployed for 9 months supporting two households. My retirement was crushed and … Read more
“Dear Steve, Have run up a lot of credit card debt – about $45,000. About to enter credit counseling, a little nervous about it. Our income is such that we make more than we spend, which is good. Nervous about credit counseling, but did all my due diligence before hand. Desperately don’t want to file … Read more
“Dear Steve, Business Owner for 30 years used credit card debt etc to work through downturn. It has failed but I am on to something new in a new entity. I am in process of selling misc assets to weather storm 15 years ago I used Myvesta to consolidate. I need a recommendation of a … Read more
“Dear Steve, It’s not as if we don’t know what happened. As a couple we have an excellent and good credit rating. One month we were paying everything on time and the next everyone raised their interest rates and minimum payment and we didn’t have the money to make ends meet. The only things we … Read more
“Dear Steve, I have a 20,000 in credit card debt, citi bank & chase. My Interest rates aren’t so bad about 5% and monthly payments are $153.00 for chase and citi is $173.00. I am ok with paying the monthly minimum amounts and most times I send a teeny bit more – $10-$20. What bothers … Read more
“Dear Steve, I have 11000 in credit card debt. I am able to make the minimum payments. The minimun is 416 a month. After all other bills I am left with about 150 per month. I have looked into debt consoltdation companies but I am not sure which one I can trust. I am considering … Read more
“Dear Steve, I am in a mess for several reasons….myself, a big drop in income several years ago and because I trusted an unscrupulous mortgage broker. I will soon be losing more income when my child support stops. I am waiting on a possible loan modification. (all most a year now). I have about $45,000 … Read more
“Dear Steve, I have been contemplating enrolling in MMI’s DMP. We have have a pretty good credit rating of 736 and are able to make ends meet. We make around 130k and own our home. Our credit card debt is about 50k. The problem we are having is that all of our credit cards have … Read more
“Dear Steve, I am married 20 years with 2 teenage children.We have always lived paycheck-to-paycheck. We have never had a savings account with an “emergency fund”.Our income was cut in half when my husband was forced to take an unpaid leave of absence from work from the end of June to mid September then lost … Read more
“Dear Steve, When I was single after going through a bad divorce I accumulated approx 25k in credit card debt. I was able to pay the the payments every month on these cards of course until the credit card companies looked at how much my debt was overall and decided to decrease all my limits … Read more
“Dear Steve, I recently contacted one of my creditors to ask for options on how I might pay back my debt in a timely manner and they suggested using Money Management International. I was given a plan on paying back my debt but wanted to know if this is a safe way to go. Stephen” … Read more
“Dear Steve, i entered a debt management plan about 9 months ago, however i have taken out a further 6 payday loans since, which i am struggluing to pay back, what are my options? my debt os over 15k, should i have been able to take out these loans when in a debt management plan? … Read more
“Dear Steve, We are in debt for about $55,000. I am behind on 3 of the credit cards. I contacted MMI and they can do a payment plan that is about 1045.00 a month. They charge a 50.00 set up fee and 40.00 a month, are these reasonable fees? I am getting farther and farther … Read more