Posts Tagged ‘Settlement’

Be wary about debt settlement offers
A reader, whom I’ll call Sandy, contacted me with a serious problem. As the economy slowed, so did his work hours and his paycheck — but not his living expenses. Over time, he found that he needed to turn to his bank account and 15 credit cards to cover the gap between income and expenses.

Read more on Connecticut Post

she owes 25K on credit cards and unsecured loans. 1 option is Debt management, a higher payment over more time but less credit damage. Another is a settlement, less $ paid off sooner but seriously dinged credit. She still may move once in her life, meaning a lease or purchase. Suggestions?

Debt Settlement Company Report Warns of Credit Card Company Fee Schemes Spiting New Credit Card Act
Although the 2010 Credit Card Act is aimed to protect against unfair credit card billing practices, a report by Debt Free League, provider of the National Debt Relief Stimulus Plan indicates that to offset the loss of profits, credit card companies crafted schemes, hitting cardholders’ accounts with new fees and increased interest rates. Defiantly, the company offers a debt settlement solution.

Read more on PRWeb via Yahoo! News

Most debt consolidation companies do nothing better than simply ruin your fico score in order to settle your debt. If you really want to work with an agency that will help you reduce your debt, contact a company member of “CONSUMER CREDIT COUNSELING SERVICES” (CCCS) More info at: sccrealestateuncensored.com/2008/repair-credit-legally-remove-negative-accounts/ micasamidinero.com/2008/reparo-credito-eliminando-legalmente-cuentas-negativas/

As Americans struggle to manage their finances through the economic downturn, many are turning to the debt servicing industry for assistance. Unfortunately, the public routinely confuses the types of services provided by debt settlement and debt management agencies, which differ significantly. Join Thomas Fox, Cambridge Credit Counselings Community Outreach Director, as he discusses the important differences between Debt Settlement and Debt Management.