Comments on: is debt relief similar to debt cancellation? http://www.debt--relief--blog.com/personal-finance/is-debt-relief-similar-to-debt-cancellation Blog topics covering all forms of debt relief Mon, 21 May 2012 05:57:31 +0000 http://wordpress.org/?v=2.7 hourly 1 By: luludoodie http://www.debt--relief--blog.com/personal-finance/is-debt-relief-similar-to-debt-cancellation/comment-page-1#comment-507 luludoodie Mon, 05 Jan 2009 20:39:40 +0000 http://debt--relief--blog.com/personal-finance/is-debt-relief-similar-to-debt-cancellation/#comment-507 NO. Debt relief is a nice way of putting the fact that "to help you" they are going to increase your total payments. They are not cancelling the debt or reducing the amount owed. Suppose you are paying £100/month. By reducing the amount to £50/month you are getting a good deal. WRONG! you will be paying for more than twice as long so your interest charges will be dramatically increasing and they will also probably apply an "administration charge" to cover the help changes which you will be told you don't need to pay (as they will add to the totalo bill so you pay more interest on it)! Be wary - VERY WARY - of anything like this. The Finance Company do not care one jot about you! The longer they can defer the debt the more money they make! AS for everything to be written down with total charges and if you do not understand ANYTHING as for it be explained in simple English! NO.

Debt relief is a nice way of putting the fact that “to help you” they are going to increase your total payments. They are not cancelling the debt or reducing the amount owed.

Suppose you are paying £100/month.
By reducing the amount to £50/month you are getting a good deal. WRONG! you will be paying for more than twice as long so your interest charges will be dramatically increasing and they will also probably apply an “administration charge” to cover the help changes which you will be told you don’t need to pay (as they will add to the totalo bill so you pay more interest on it)!

Be wary - VERY WARY - of anything like this. The Finance Company do not care one jot about you! The longer they can defer the debt the more money they make!

AS for everything to be written down with total charges and if you do not understand ANYTHING as for it be explained in simple English!

]]> By: jfrank44 http://www.debt--relief--blog.com/personal-finance/is-debt-relief-similar-to-debt-cancellation/comment-page-1#comment-506 jfrank44 Mon, 05 Jan 2009 10:00:48 +0000 http://debt--relief--blog.com/personal-finance/is-debt-relief-similar-to-debt-cancellation/#comment-506 Doesn't have to be but can be. Debt relief can be a delay in payment or a lowered payment or a complete forgiveness of the debt. Doesn’t have to be but can be. Debt relief can be a delay in payment or a lowered payment or a complete forgiveness of the debt.

]]> By: muneepenee http://www.debt--relief--blog.com/personal-finance/is-debt-relief-similar-to-debt-cancellation/comment-page-1#comment-505 muneepenee Sun, 04 Jan 2009 12:29:22 +0000 http://debt--relief--blog.com/personal-finance/is-debt-relief-similar-to-debt-cancellation/#comment-505 Probablee kansel part av the debt. Huever yu oe munee tu want tu get sumthang. Probablee kansel part av the debt. Huever yu oe munee tu want tu get sumthang.

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