debt management program
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Consumer Credit Counseling Pros and Cons. My Ultimate Guide to Understanding How Credit Counseling Really Works.Consumer credit counseling is one of the options people turn to when dealing with debt issues so let’s take an honest look at the pros and cons of the program and what it has to offer. Consumer...
- Posted April 17, 2013
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Dave is in a CCCS Credit Counseling Program But Feeling Hopeless
“Dear Steve, Family of 4 (13 yr & 12 yr girls). My salary = $112K, wive’s salary = $40K. Total Assets $292K (liquid $10K, autos $9, house $200, 401K $73K). Total Liabilities $204K (mortgage $112, home equity...
- Posted October 26, 2010
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How to Shop for a Good Debt Management Program
You deserve to feel completely certain that you’ve picked the best organization to help you solve your financial issues. We’ve prepared this list of questions to help you find the right organization to represent you. 1. Will...
- Posted June 8, 2010
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I Really Screwed Up And Need Some Direction. – Chris
“Dear Steve, Poor, Poor, Poor money management!! I need some direction on what to do. I am terrified of bankruptcy, and want to do anything to avoid it. I have read a number of things on your...
- Posted May 17, 2010
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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” Dear Lauren, It is usual for people to search for a magic wand that will make...
- Posted May 17, 2010
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I Want to Get a Third Debt Consolidation Loan to Pay Off My Credit Cards Again. – Laurie
“Dear Steve, I’ve lived in my home for 20+yrs.Brought it for 65,000. I’ve refinanced 3 times, one was to pay my ex husband his portion of the house worth and twice to pay off my debts. Now...
- Posted May 13, 2010
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Does a Debt Management Program Place a Lien on My Property? – Jan
“Dear Steve, My ex and I are selling our home. I am currently in a Debt Management Program. Will my Debt Management be paid off before I get my share of the profit on the home. Is...
- Posted April 26, 2010
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I Am 60K in Credit Card Debt And They Are Raising My Interest Rates. – Teresa
“Dear Steve, I am in 60k in credit card debt. All payments are current but am reaching the point where the payments could start slipping. I’m receiving notices from the credit card companies that terms are changing....
- Posted April 24, 2010
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Trish Says “Credit Counselor Is Going Out of Business And I’m Late On Payments”
“Dear Steve, I have been enrolled with a consumer law center that was working with my creditors on my outstanding credit cards. I was late on payments up to 4 months. I was told today that the...
- Posted April 6, 2010
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Jay Got Sucked Down With The Falling Real Estate Market
Jay “Dear Steve, I recently remodeled a house. I got the house for such a good deal that I had no problem using credit cards to pay for the repairs. Unfortunately, the market tanked as I was...
- Posted March 26, 2010
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AK Wants to Use His Credit Cards to Consolidate His Debts
AK “Dear Steve, My debt ratio seems high to me and I am thinking about using my credit card to consolidate my debts. I also, need to know how long to keep statements. I want to reduce...
- Posted March 3, 2010
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Should I Quit Paying Bank of America For My American Express? – Becky
“Dear Steve, I have a BOA American Express card that was originally about $500.00 – I’ve paid every month and for the past 4 years made no new purchases. Interest rate is 25.99% and with all the...
- Posted February 20, 2010
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I’m Current on My Credit Cards But Want to Consolidate Them. – Laurie
“Dear Steve, I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time...
- Posted February 7, 2010
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Kayte Has Drained Her Savings And Can’t Pay The Bills Anymore
Kayte “Dear Steve, My husband and I have roughly $75,000 in credit card debt. Due to the economy, we both have experienced a substantial decrease in our income (i.e., commission based pay). We have exhausted our savings...
- Posted February 7, 2010
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Is Debt Management and Credit Counseling An Effective Way Out Of Debt?
So many, too many reporters and writers recommend debt management programs and nonprofit credit counseling as a way to get out of debt, but why? I’m afraid the answer is that they always have and suggesting a...
- Posted December 22, 2009
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Diana Is Struggling to Make Credit Card Payments And Afraid
Diana “Dear Steve, I have approximately $25,000 in credit card debt, drained my savings and struggling to meet my payments. I can pay my mortgage and normal billing but not the cards I am so confused about...
- Posted December 16, 2009
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It Seems Every Answer is Bankruptcy. What Other Options Do I Have. – Noname
Noname “Dear Steve, It seems to me that every answer is bankruptcy. I really do not want to give up. We probably have sixty thousand dollars of debt. But I have been able to keep up the...
- Posted June 4, 2009
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I Am Currently Enrolled in CCCS And Having a Hard Time Making My Payments. – Kim
Kim “Dear Steve, I work fulltime and owe $24000.00 in credit cards. I am currently enrolled in CCCS and I am having a hard time making my monthly payment. I have payed 671.00 for 2 months now,...
- Posted April 20, 2009
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“I’m Right There With Everyone Else”
My name’s Annette and I just got told that in two weeks, my job will go from 40 hours a week to 10. On top of that, I’m losing all my benefits. Which means I have no...
- Posted November 24, 2008
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Chris is in College With His Soon to be Wife And Slipping Below The Waves in Debt
“Dear Steve, Me and my fiancee are in college my fourth year, her third and because I went without a job for about 8 months we encoured almost 10 grand in debt. Now that we are both...
- Posted November 20, 2008
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Eva Has Heard Negative Things About CCCS
Eva “Dear Steve, My husband and I just bought a home and besides the mortgage, we are in debt for $26,000. I called up my credit card companies and they said they aren’t offering lower rates to...
- Posted November 20, 2008
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April Wants To Know “As A Single Mom, How Do I Get Out Of Debt?”
“Dear Steve, Mounting credit card debt is getting difficult to pay. I’m thinking of just ONLY taking care of house, car, utilities, food, insurance. I’m a single mother of two kids and get no child support. I’ve...
- Posted November 13, 2008
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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...
- Posted November 3, 2008
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Jennifer Says “We Have Accumulated So Much Debt And Bad Credit. What Do We Do?”
“Dear Steve, We have accumulated so much debt our credit score is to low to even buy a house. I’ve been looking into different programs to help, unfortunately the charge money I can’t afford either, we have...
- Posted October 15, 2008
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Jeannie Already Went Bankrupt And Is Now With CCCS But Can’t Afford to Feed Her Daughter
“Dear Steve, I have already gone to bankruptcy five years ago. I am currently in credit counseling, however, I do not have enough money to provide food and clothing for my child. I am a single parent...
- Posted October 13, 2008
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John Had a Knee Operation And Says “I Can’t Pay My Bills”
“Dear Steve, I had a knee operation will be out of work for 9 months I am $80,000 in credit card debt. My wife and I earn $4,300 a month and I pay out with mortgage and...
- Posted October 13, 2008
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Rita Asks “Should We Consolidate Our Debt?”
Rita “Dear Steve, I want to pay my credit cards off. I will like to consolidate them. We are $39,000.00 in debt. HELP What should I do? Rita” Dear Rita, Thank you for writing to me for...
- Posted October 9, 2008
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