a1beachfreak asked:


I’ve had a really good paying job for five years. I didn’t think I’d be faced with an inability to pay my bills, but I just found out my plant will be closing in May. I don’t doubt I’ll find another job, but one making the kind of money I need is doubtful. I don’t want to file bankruptcy, but some kind of a helping hand would be great. I don’t want to be scammed…..I want to be helped! Any ideas about legitimate debt reduction?

Norma

Raymond G asked:


I am using a debt relief company and have fallen behind on payments. I’d like to try another solution

Jay

Jane Y asked:


Okay. I graduated college in 2006. I am working for the university and have a pt job. I had to buy a car (Living in LA, you must have a vehicle).

The car and student loans I can deal with. It’s the stupid credit cards that are causing me to drown… I can and have made ALL my payments and I am not late, but after all the bills are paid, I literally have $106 a week to live on.

So, to make ends meet I buy gas and junk on credit.

Here is a little break down of what I owe:

28K credit cards/personal LOC
17K student loans
9K car loan

TOTAL is approx 56 K.

I make about 35K a year, but I have to live, typically on Credit Cards.

I have looked into two companies (Nova Debt, and Freedom Debt Solution)

One of them (NOVA) said I could pay off my credit cards in 4 & 1/2 years by paying 700 a month. But all my accounts would be basically closed/frozen. Q: Would that mean my “credit” would not longer be good? Would it affect my credit score?

Freedom Debt Solution is a company that basically has you stop paying your creditors, then tries to negotiate with them to settle your debt for a fraction of the cost. Again, it would freeze/close my credit cards and wreck my credit.

Keep in mind, my credit score is good! I have never been late and I always make min payment plus $10.

I also live with family and pay no rent. I’d really like to be able to move out and on with my life. With the job market, it’s not looking good for me to find a new job anytime soon, tho I am looking.

I need help. I am totally open to questions, comments, concerns.

Steven

V G asked:


Which is better for credit card debt relief: American Financial Service (http://www.americanfinancialservice.org/) or Federal Debr Relief System (http://www.fdrs.org) ? Has anyone had any experience with any of them? Or is there a better one? Thanks.

Yolanda

pinkyann1 asked:


I was wandering abou this company. They are different than a debt consolidator. When I spoke with them they never mentioned about negotiating with the creditors for a lower rate. What they said they do was put my accounts in dispute and wait until the creditor does something illegal that their attorneys will catch, then they use that as leverage against the creditor to wipe out my debt. Like, I dont have to pay it back. Which I thought was strange. All they require is that I pay them about half the amount of my total minimum payments for 18 months. I calculated about $7000 all together to get rid of all $22,000 of my debt. The money they said was to pay the attorneys. The guy said that they are 100% effective but could not give me any guarantees. I checked them out on the BBB and there are no complaints either. What do you think?

Leon

chellebeth75 asked:


Please someone help. I am a single mother with a disable 10 year daugther. I jsut was divorced and my ex rights were terminated due to what he did to my daughter. I am trying to get back on my feet financially but have alot of debt. I don’t want to file bankruptcy. My credit is very bad now due to this and when my ex and his new wife stoled my identity. Please help!

Ryan

Jello asked:


Ahh… someone please tell me it’s a real thing. Is it? I’ve done my research on the internet about it and have come up with some interesting information such as writing a grant proposal but nowhere ever says where to send it to or if there are any papers that need to be filled out.

Does anyone know anything about this? If so I would greatly appreciate any kind of information or steps on how to do this. Thanks so much!

Claude

diamondangel_85 asked:


If so are they ligit and did it work to get rid of your debt?

Jennifer

jamieloves31 asked:


does anyone know any good debt consolidation companies to go with???
i want to lower my bills
and get out of debt faster any suggestions?

Carla

Benjamin Brook asked:


The US is a country in debt, and this is why the issue of nation wide consumer debt relief is of such great importance. After all, it is not only the government that is in debt, but Americans themselves, and the problem is only getting worse. Literally one out of every two Americans is knee deep in debt, and the fact that the problem is not getting better is the most frightening fact of all.

On the topic of nation wide consumer debt, there are many tips and tricks and advice that should be discussed here.

Credit Cards

One of the biggest reasons that so many people are in debt these days and why the topic of nation wide consumer debt relief is so important relates to credit cards. These little pieces of plastic may not seem like that big of a deal, but they basically make people spend money that they do not have, and the high interest rates only add to the problem.

Especially families that have more than credit card, getting into debt definitely does not take a lot of time, but can really take a lot of time to deal with in the end. Getting out of credit card debt can be incredibly difficult, and even seemingly impossible. There are certain things that can be done to present a solution to this problem, but of course prevention is the best step.

Extra Money

Few people actually take the time to think about putting extra money away here and there, but this is an idea that can pay off in spades. On the topic of nation wide consumer debt relief, even just putting a few dollars away here and there can end up really adding up and this money can be used for paying off debts or even for taking a nice little vacation somewhere.

The best part is that this is such a little amount of money at a time being put away that it will not even be noticeable until after a few months or even better a few years when it will have really added up and will be a significant lump sum of money.

Staying Smart

Of course on the issue of nation wide consumer debt relief is the topic of staying smart. Once a person gets out of debt, it can be very easy to fall back into the same hole, and it is really important that this is avoided. Not only will it make all the work beforehand basically a waste of time, but also it is more difficult the second time to get out of debt.



Allan