Hightower: Politicians, rating agencies should quit downgrading, start upgrading LubbockOnline.com
As Lily Tomlin noted, “No matter how cynical you get, it’s almost impossible to keep up.”
Many of us view the deficit ceiling brouhaha between the Obama White House and the laissez-fairy extremists in the Republican House as some combination of farce and fiasco. So much political playacting around a made-up deficit “crisis” in order to avoid dealing with the real deficit that’s crushing America’s middle class and draining the lifeblood from our economy: the jobs deficit.
But wait — before I could work out my anger over that fiasco, here came an even more incredible farce.
Last Friday, a Wall Street credit rating firm, Standard & Poor’s, thrust itself onto the national stage by arrogantly, recklessly and wrongly downgrading the sovereign credit status of the United States of America from AAA to AA+.
Lest you think this is an unimpeachable judgment by solid financial experts with no private agenda, you might recall that S&P geniuses had bestowed AAA ratings on hundreds of billions of dollars worth of subprime-mortgage investment packages that turned out to be, in Wall Street’s lingo, “toxic waste.”
Best Debt Consolidation Companies - Where To Find The Best Company
www.finance101now.com and receive a FREE, no-obligation debt evaluation from Curadebt, one of the top debt relief companies in the nation. Note ...
what is The Truth About Debt Consolidation agencies?
i am considering going to an debt consolidation agency.
i am not shore if it is a good idea.
i owe close to 20,G's
i am opent to sugestions
www.creditinfocenter.com
Are there any truly FREE debt consolidation or debt assistance agencies out there?
It seems there is no such thing as free debt assistance. I would like to know if any agency can assist with consolidation or act as a mediator. Is this asking for too much for free?
My goal with this question is to find debt consolidation for someone like me who is poor, doesn't own anything, has no collateral. Non-profit would be ok. Are there such places in Southern California?
make use of the SE like google or yahoo to get some ideas first if you want to get the massive information,however if you do not want to spend so much time,here http://www.DebtFreetips.info/debt-free.htm is a direct and good resource for your questions.
Non-profit...yes.
That means you will still pay a fee of some kind. They have to pay the light bill, phone bill, employees...etc. But at the end of the year they cannot show a profit from the fees. If all the bills cost the company 1 million dollars, their fee intake cant be more than that(profit)...if it is they have to return them or offer them up as a donation to another non profit.
But you could just do it yourself. Just pick up the phone and call and negotiate lower payments and/or settlements. No one said you had to be a debt consolidation specialist to negotiate with your own creditors.
Good Luck.
Ross Fazio
Outside Sales Manager
Gildersleeve and Associates - Nation Debt Arbitrators
collection agencies or debt consolidation company?
my husband and i have around $5000 in medical bills that we would like to pay off. they are all with the same collection agency. would it be better if to deal directly with the collection agency or go thrugh a debt consolidation compay? i contacted a debt conslidation agency in my area and they informed me that even if the debt is paid it still stays on your record for seven years. if i deal with the collection agency is it possible to have them remove items as they are paid off? any advice on this would help greatly. thanks.
Bdancer is mostly correct, except she keeps posting that the reporting time is 7 1/2 years...that is incorrect. It's only 7 years.
If you work with a consolidation company you will be paying interest on the loan. If you deal with the collection agency, they are generally not collecting further interest. And since the same collection agency is handling all your debts, you may be able to negotiate a payment plan to include all of them together.
Yes, you can negotiate to have the item removed form your report. Note that just placing "paid" on your report does NOT remove the negative information. You must insist that they delete the item..and get this agreement in writing.
the debt?
If they purchased the debt, what contract did you sign
that says you agreed to pay them ????
read carefully thru creditinfocenter com
Depending on the age of the debt, you might be able to settle for less than full payment -- maybe 50% to 75%. Lump sum payments get better deals. Payment plans have to be short term.
If you can't get them to agree to delete for payment, the negative item will stay on your credit report for 7 years and 180 days from the date of DELINQUENCY. Payment does not restart the reporting period. A paid old debt is much better than an unpaid one. And the older the debt the less impact on your score.
As you said Bdancer, the older an unpaid debt is the less impact it has on your credit. When you pay a debt that old, while it doesn't restart the 7yr. reporting period, the activity becomes more recent and your score will drop. Thus defeating the whole purpose. It's better to leave well enough alone or get a pay for delete.
Pay for deletes are not impossible, tricky maybe, but not impossible. Reporting to the credit bureaus are not mandatory and any entry can be deleted by the owner of the tradeline.
Check out http://www.bills.com/credit-report/ they have a ton of information on what you can or cannot do with these kind of collection accounts.
http://www.newmusiclabel.com
Any advice on debt consolidation agencies?
Any advice on getting rid of credit card debt with a low paying salary?
I recommend you getting a part time job and using that money to pay off your debt. If you can't do that, then try to save $20 from each paycheck and sending it to a creditor and paying them back. It may take a while but you'll eventually become debt free.
I agree with the above regard CCCS type services with one addition, most lender companies will treat you worse than a bankruptcy.
You allocate every single dollar you'll earn next month on paper this month.
When you list everything, it'll help plug the leaks in your wallet.
By "detailed", I mean this:
$2570 Income after taxes
$257 Give to charity
$549 Rent
$10 Renter's insurance ($120/yr)
$50 Electric Bill
$23 Water Bill
$19 Gas Bill
$35 Phone Bill
$17 Trash Bill
$106 Cable/Internet Bill
$180 Food (groceries, $6/day, so no steaks)
$60 Restaurants
$400 Car payment
$60 Gasoline
$16 Oil Change (once every two months for $29.99 + tax)
$5 Car Tags ($60/year)
$60 Car Insurance ($360/6 months)
$60 Car Repairs ($720/year, something's going to break, just don't know what.)
$100 Save for a better car
$40 Clothes
$20 Laundry
$10 Doctor's and Dentist's office visits
$50 Household Stuff (toothpaste, T-P, etc.)
$8 Hair cut ($14.99 + tax/2 months)
$15 Sport's Illustrated subscription
$5 Dues ($60/yr) (Club for whatever your hobby is)
$80 Entertainment
$40 Save for Christmas ($480 for all the presents and the flight to grandma's)
$666 Visa Cards.
And then, if you find you're not paying the minimums, you need to find some things to cut out. Like selling the car and getting out from under the $400 car payment.
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://urlcut.com/1kvhf
I'm in MAJOR debt how can I get out? Is there any free debt consolidation agencies?
I am a 22year old student who earns about $850 -$920 a month. My rent is $600 and my car is $285. I owe about $8,100 in credit card debt and it keeps growing cause I can't afford to pay it. What can I do to help stop it from growing? Is there any free or really good, low cost debt consolidation agencies I can go to? I feel like I am never going to be debt free again any helpful suggestions would be great. I know I'm an idiot for getting into debt so young, but I feel like I'm stuck now. : (
if you make 920 and you have a car payment and rent of 825 == sorry you need to quit school and get a full time job till you get your act together and than go back to school!!!
it is cheaper and easier.
u have an income problem not debt.
u need to find more work,less school, more budgets to make ur money behave.
Have you considered taking another job? Anyone who tells you that they can get you out of debt, by paying some fee up front, us usually a scam.
The only guaranteed method, is to bring in more than is going out.
Good Luck!!
Your bottom line: If you stop charging on your credit card NOW, you need to be earning $1435 a month to afford your current situation (assuming you spend not more than $200/month on food and misc)
Here is the math:
$600 -- Rent
$285 -- Car
$350 -- Credit card payoff in 30 months
$200 -- Food, ent, misc
-----------------------------------
You are not stuck. You must earn more and spend less. The problem is that it is not going to be easy. Dave is going to tell you to cut your rent in half, get rid of your car, and work at doubling your income. I would agree with him.
Best of luck.
You should talk to a credit counselor. I was in a very similar situation--I did some research and found that my best bet was to go with a debt managment program. they lower your interest, lower your payment, get you out of debt quicker and help your credit back into a better place. You pay all of your debts in full--its not a settlement in anyway. My debts were just credit cards and I know that they cannot do anything with car notes or mortgages but the credit cards and budgeting they can!
You should check out the company i went with. i called a lot but this one was great--looked at my budget and showed me how i could get myself into a better place with saving and such.
http://www.debtcounselingcorp.org
Why is it that debt consolidation agencies cause your debt to go up if you sign with them?
Are these agencies non-for-profit or not? Example: Credit Gaurd of America
To boost your credit score:
The first thing you will need to do is call the three major credit reporting agencies and request a free copy of your credit report.
www.equifax.com
www.experian.com
www.transunion.com
Then once you get those in the mail (7-10 days) there will be a dispute form attached to the reports. Fill those out for every negative account on your report regardless. Fax, mail go online whatever it takes to get those submitted as quickly as possible. Then those companies must answer your dispute within 30 days or it is removed from your credit report completely. So that will eliminate some things, hopefully.
Then make sure you pay all your revolving accounts to below 50% of your credit limits.
Make sure that you make all your payments no more than 20 days from the date it is due.
Good Luck!
Debt consolidation or management agencies?
I need to know if there are debt consolidation or management agencies that help the unemployed people who have outstanding debts that they can't afford?
It depends on how bad you are now.
Consolidating means creating a whole new loan for a longer period of time. This would hopefully lower your payments enough so you can get back on track, in this case it might SAVE your credit score.
A credit counselor will give you some tools and suggestions for reducing your payments, just keep an eye on what the % are, you want it to be lower than what you pay now.
However, debt consolidation can be nothing more than a way of putting off the evitable. It really does little to correct the problem. That's why many people come back to debt negotiation as a way of getting out of their financial problems and starting fresh start.
More here: http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-cards.ebookorama.com
http://credit-repair.ebookorama.com
good luck!
Are debt consolidation agencies a good idea?
I have found myself in a situation after my divorce that i cannot get a grip on. I have credit card debt, not much, but cannot handle the basic payment because i moved in my dads house to help him out, he is 73 years old, he fell ill, so he could not work now i find myself paying his bills, handling his rent and basic necessities, but now i have $3000-$4000 in debt, $2000 is already in collections. I am a single mother and i was thinking about turning to a debt consolidation agency. Is this a good thing to do?
Not all debt consolidation agency are like that. There are some companies who help you out planning your debts. Try this
FREE debt consultation online. Get Your Consultation FREE of Charge:
http://www.wahor.net/debt
Need a knowledgeable debt consolidation attorney in the Plano, Texas area?
I have about five to six unsecured debts [no credit cards] that i need to consolidate and make one payment or like. Bankruptcy is not an option for me. The total is around $10K. I am not interested in debt consolidation agencies, so far the ones i have talked to, i know more what to do than them...I can make monthly payments toward the debt and also pay reasonable fees and/or % of satisfactory arrangements. Anyone knows a serious, good attorney in the areas that i can contact for a free consultation. Thank you
Mr Gerald, with replies like yours no wonder you have so many answers....I am retired, disabled, soc sec, and yes i still work, as allowed...so your easy out is poor at best....thanks
Debt consolidation is an option, and you should look into it. Just be careful about WHAT you're getting into. Some plans, because of their higher APR rates get you into more trouble than you were.
Also, some lenders look poorly upon it later on. Some institutions believe that it really is a black mark. It will depend upon the types of deals that your particular company or lender work out, and of course, your own individual circumstance. For some with absolutely NO way out, debt consolidation is a welcome option.
Take a good hard look at all the options and plans offered, and don't let a single company pressure you into something you just can't do. Make sure that you're comfortable with the plan offered before you commit to it.
In any case, it doesn't hurt to investigate debt consolidation as an option. It doesn't cost you anything to find out more information about it.
If you want a place to start your investigating, there's information and listings for debt consolidation providers on the page listed below. You'll probably find something of use there:
http://axalda.info/debt-consolidation.html
Is it recommended to use debt consolidation for credit card debt?
I am approximately $25k in debt, should I use a debt consolidation agency?
well, you got SOME replies but here's some great reading, might take you a while though:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me lol, hope it helped you!
Debt Consolidation Info
Every month material kitchen sink much deeper in to debt. Managing your own chequebook has turned into a headache and it is getting good hard to pay your debts along with every moving 7 days. You want to combine your own debts however do not know where to start or even exactly what debt consolidation plans is worth considering.
In the event that that which you simply study seems like some thing you have been considering lately, you will need to think about with the services of the trustworthy consumer credit counseling agency.
The actual best companies employ appropriately licensed as well as educated credit advisors who are able to take a seat along with you as well as pore more than your money at length. The aim of any kind of trustworthy agency would be to teach as well as enable a person using the monetary understanding in order to spending budget your hard earned money, pay your debts promptly as well as reduce your own debt. These types of companies may also supply you with a insightful information upon debt consolidation plans that could satisfy your personal particular requirements.
You will need a few guarantee the advice as well as information you are becoming distributed by a good agency is actually seem. The actual Ftc (Federal trade commission) suggests a person seek advice from the local Much better business Agency (Better business bureau), any nearby consumer safety companies or even a state Lawyer Common for just about any issues upon document towards credit counseling companies you are thinking about dealing with. Steer clear of any kind of companies which have issues towards all of them upon document.
Deficiencies in issues isn’t any assure associated with fulfillment or even inexpensive support, nevertheless. A few companies might attempt to ask you for the significant charge for that information as well as services they offer. Actually with the services of the therefore–known as nonprofit credit counseling business won’t offer you any kind of assure associated with reduced prices or even totally free services.
...debt consolidation agencies - News
|
Clearing up some debt confusion - Allentown Morning Call Clearing up some debt confusion Most people don't understand the differences among debt consolidation, counseling, settlement and elimination. They're looking for a magic wand to wave to Is credit counseling right for you? Credit Counselors See Younger Clients, More Debt Getting out of debt |
|
Think Debt Relief Expands Its Consumer Services With Attorney ... Think Debt Relief is a professionally certified debt relief agency dedicated to helping consumers address their debt problems as affordably as possible |
|
ProMOS Struggling Before Overseas Bonds' Put Date "Such a consolidation that involves so many chip makers in different countries is very difficult," she said. ProMOS and Elpida jointly submitted a proposal |
|
Senate plan would merge transportation agencies - Eagle Tribune Senate plan would merge transportation agencies The Massachusetts Port Authority would remain, although the Tobin Bridge, which Massport oversees, would be consumed by the new agency. The consolidation |
|
East Texas Recession Survival Guide: Credit Tips - KLTV East Texas Recession Survival Guide: Credit Tips TV ads promise to take care of debt, but watch out! 2008 saw a growing number of complaints from people saying debt consolidation firms took their money and |
