Home > Tag Archives: debt settlement (page 12)

Tag Archives: debt settlement

Debt Settlement Companies. Prepare to Get Slaughtered.

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The debt settlement industry is exploding. Some say that many of these new companies are being run by failed mortgage brokers that want to get into the business. I don’t know about that but certainly there is a wave of opportunism evidenced by the exploding debt settlement industry. The sad thing about this is that as the market gets flooded ... Read More »

    How Can I Cut My Debt in Half. – Jean

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    Jean “Dear Steve, I recently moved all my credit card debt to one Credit Card. I canceled card and have a interest rate at 6% with a total of 23000,00 credit card debt. My monthly payments are 500.00 for how ever long. Im current on my payments but with my hours cut back at work Im starting to fall behind. ... Read More »

      I’m Looking For Debt Relief Solutions. – Kathy

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      Kathy “Dear Steve, We have credit card debt and an unsecured loan, they total $25,000. I looked at several debt relief places including a law office. I want to partially retire in 2 years because I have a disability and it is very hard for me to work full time. My husband was out of work for 18 months and ... Read More »

        Fourteen Questions to Ask Any Debt Settlement Agency

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        I came across these questions below on a debt settlement company site, New Era Debt Solutions, and I was really impressed that they were really open and honest about the problems consumers face with debt settlement and what to watch out for. So, with permission, I present to you the Fourteen Questions to Ask Any Debt Settlement Agency from the ... Read More »

          My Credit Card Companies Refuse to Settle My Debt. – Peter

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          “Dear Steve, I owe about $50,000 in cc fees- I went two months behind on payments on purpose becasue they would not settle with me before that. I am offering them 35 on the dollar as a one time payment only if they settle- it’s all I have but I do have that. I am leaving the country FOR GOOD ... Read More »

            Most Debt Advice Suggested is Snake Oil or the Wrong Solution For People In Trouble. Here’s Why.

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            I’ve been following the conversations on Twitter (@GetOutOfDebtGuy) and watching what others are saying about debt management, credit counseling, debt settlement and bankruptcy and it really has me worried and concerned. I’m a guy that lived through financial problems myself and went bankrupt in 1990. I then went on to found and run a non-profit credit counseling company, Debt Counselors ... Read More »

              I Don’t Want to Pay Stupid Credit Card Overlimit Fees And Charges. – Melissa

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              “Dear Steve, I have 2 credit cards that I haven’t paid since August. Now my debt is almost 5000 since most is from over limit, late payment and finance charges. I was able to get one credit card to accept 50 a month at 0% for the next 12 months. Obviously i am hoping to pay more over the course ... Read More »

                I’d Like to Settle My Debts Without Using a Service. – Kathleen

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                Kathleen “Dear Steve, I currently have 3 credit cards I owe on for a total of approximately $3500.00. I have been receiving calls from the companies because I am behind on payments and would like to contact them to make arrangements to settle these obligations over the next 6 months. The amounts I actually owe is less, but the fees ... Read More »

                  Debt Relief USA Ordered Out of Georgia and Must Pay Over Half a Million in Refunds and Fines

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                  Joe Doyle, Administrator of the Governor’s Office of Consumer Affairs (OCA), announced that the agency has entered into a settlement with Debt Relief USA, Inc., a debt adjustment company, over allegations that it violated Georgia’s Debt Adjustment Act. The company agreed to refund all fees it has received from its Georgia clients, a total of $527,205.55, reimburse OCA for administrative ... Read More »

                    I’ve Heard About Companies That Can Drastically Reduce Your Debt. Is That True? – Drew

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                    Drew “Dear Steve, My student loans, rent, car payment, electric, phone, internet, and other bills are piling up. I don’t make much money, and my job is insecure. I have heard of companies that can drastically reduce your debt. Is this true? Is there anything I can do to get out of debt fast and relieve some stress??? Drew”   ... Read More »

                      Are the Collectors Lying to Me? – Janet

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                      URGENT QUESTION! Janet “Dear Steve, I am now getting phone calls from creditors with deals to wipe half off & low monthly payments – I am worried that the wiped off half will be given to a collection agency later on. Where were these people when I asked for help before I got behind? I think we should just finish ... Read More »

                        Quickies – Bank of America, Payday Loans, Divorce, 401k, Credit Report

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                        When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms will bank of america negotiate debt – Yes but debt settlement can be tricky ... Read More »

                          Quickies – CCCS Consumer Review, Autos, Cards, Balances, and Debt

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                          When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms CCCS consumer review – CCCS stands for Consumer Credit Counseling Service but it has ... Read More »

                            What is the Damage to Our Credit Report if We Settle a Debt for Less Than the Full Amount? – Lara

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                            Lara “Dear Steve, My husband and I have over $45,000 credit card debt. Our income has been seriously reduced by about 65% lately. We are thinking of best ways to reduce debt amount or get payment plans over a period of 5 years. If the creditor decides to accept to settle the debt for less it will appear as settled ... Read More »

                              How Can I Negotiate a Lower Balance to Pay Back My Credit Cards? – David

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                              “Dear Steve, I’m several months behind on several credit cards. Now have money to pay them off through a loan I got on my house. Can I negotiate a lower payoff with the credit card companies? David”   Dear David, Technically, yes, but watch out. Your creditors are going to play you and lie to you. They are experts and ... Read More »

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