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Reader Questions

Should I Settle a Debt The Creditor Has Not Proven I Owe? – Peter

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I have a collection agency – Palisades- that wants me to pay about 28,000 in CC debt. They are oferring me a 40% discount. Should I take the 40% disc. or not? They have not been able to produce a credit card agreement with my signture on it. They have only shown me statements. Can they still sue me? Will ... Read More »

    Paying Off Debt In Collections. – Tom

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    I must admit–I was reckless and immature when it came to credit card spending. I was living out of my means through credit cards. By 19 years old I had 15 credit cards and more than $20k in credit card debts. When I turned 20 I couldn’t keep up with the payments and it all went to collections. Now I ... Read More »

      Mortgages, Students Loans, CCs. – Ellen

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      We own a condo (A) w/ $100k debt that we’ve been unsuccessfully trying to short sell for $40k. A house with $165k debt (B) that had a tenant in it, but now it is vacant and worth $125k maybe. $115k consumer debt. $120k student loans. Three vehicles no loans, worth $13k total. My husband was a small businessman but hasn’t ... Read More »

        I Have to Repay My Insurance Company for Disability Payments. – Stotherd

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        Repay Insurance Company for disability payments I was disabled and my Long Term Insurance kicked in to pay my monthly payment for wages. I know I do have to pay them back but can they figure in or touch my wifes wages in any way They want upwards of 350 plus dollars a month. MY SSDI is only around 1100 ... Read More »

          Do I Have to Use Life Insurance Money to Pay Off Credit Card Debt? – Susan

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          Do I have to use the life insurance policy money to pay off credit card debt My husband died and left me with $25,000 in credit card He also left me a life insurance policy in the amount of $55,000. I want to file bankruptcy as I don’t make enough working to pay off the credit card debt. Will I ... Read More »

            Is ULG a Scam? – Ginny

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            ULG scam? ULG contacted me over a year ago, promising a loan modification on my condo that was “underwater” and with a big % mortgage rate..After a years run around I sold it at a big loss, and no help at all from ULG. Their “help” only made me wait ,and lose more… (paying the mortgage payments each month) Is ... Read More »

              I’m Looking for a Consumer Debt Lawyer in Montana. – Judy

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              I am have an impossible time in locating a lawyer in montana who will represent me in a judgment the johnson Rodenburg and Lauinger firm has against me. iI was under contract with Christian Crossroads for over a year when the above firm started moving against me. I am almost hopeless. I already know about John Heenan who successfully sued ... Read More »

                Is the World Law Plan a Reliable Group? – Thomas

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                I am a vietnam veteran on disability. I can no longer work for health reasons. i’m trying to find best Debt re negodication plan out there because the Debt Management Plans a to high per month Is the World Law Plan a reliable group. I live in virginia, so please stear me in the right direction. God Bless Thomas It’s ... Read More »

                  Who Actually Owns My Mortgage? I Think They Lost It. – Steve

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                  In May of this year Chase Bank said I would need to secure flood insurance. When I purcahsed my home in 1998 the propertyy was certified out of a flood zone. I re-fied in 2003 w/ WaMu (no flood ins. req. again). JP Morgan Chase bought WaMu in 2008 and in 2010 Chase said FEMA changed their maps and I ... Read More »

                    How Can I Owe a Debt The Creditor Charged Off? – Janet

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                    being sued by collection agency have several charged off accts a collection agency says i have a debt with them but the original creditor has charged off this acct how can i owe this collection agency anything? Janet It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet The Answer This ... Read More »

                      We Closed Our ATV Business and Owe Back Taxes. – Wanda

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                      We closed our business due to sickness and now we’re deep in debt My husband owned an ATV dealership for 17 years. It was an S Corporation. We put 2 kids thru college, we’re now in our 50’s. After 911 – business declined, but he struggled anyway and kept it open. I knew he had been sick for a while, ... Read More »

                        Collection Agency Trying to Collect on Lease from 4 Years Ago. – Dean

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                        I have a collection agency trying to collect on a lease from 4 yrs ago. They are saying they are going to garnish (for double) my wages if I don’t pay the settled amount. I was not the only one on the lease. They have also contacted the other person I lived with who is refusing to pay there half. ... Read More »

                          What Do I Do About My Old Charged Off Accounts? – Andrea

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                          I have about 3 charged off accounts totaling about $4,000, they are due to “fall off” my credit report in about 2 yrs or less, but i have collectors calling and threatening legal action against me. I dont have money to settle on the spot, i was wondering if setting up a debt management plan w/ a credit counselor would ... Read More »

                            Is Our Mobile Home Mortgage Illegal? – Deb

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                            BOUGHT MANUFACTURED HOME WHICH WAS THEN PLACED IN A PRIVATELY OWNED SUBDIVISION. WE OWN HOUSE, NOT LAND IT I SETS ON; PAY RENT ON LAND IT SETS ON. WE HAVE A MORTGAGE, NOT AN INSTALLMENT LOAN ON THE HOME. OUR LOAN HAS BEEN SOLD 2 OR 3 TIMES. WE ARE NOT BEHIND; WE ARE NOT IN FORECLOSURE. WE LIVE IN ... Read More »

                              How Can I Lower My Student Loan Payments? – Marq

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                              I was what people would probably consider a disadvantaged student living close to the poverty income line when I first started college. Financial aid was critical for me to be able to attend college. My real debt started when financial aid officials informed me after the semester had started that I had a large balance in my account that financial ... Read More »

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