Debt Counselors and Consolidation
Services offering advice regarding the management of personal debts and the combination of several individual loans into one large loan
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added What should you do if your in debt to Debt Counselors and Consolidation 2 Feb 2012 20:06
Kluss (supervisor) [629]
removed Can you sell your house after bankruptcy and before foreclosure and who gets the money from Debt Counselors and Consolidation 1 Feb 2012 14:47
Kluss (supervisor) [629]
unflagged Can you sell your house after bankruptcy and before foreclosure and who gets the money 1 Feb 2012 14:47
Kluss (supervisor) [629]
made this change to the answer of Can you sell your house after bankruptcy and before foreclosure and who gets the money 1 Feb 2012 14:47
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Kluss
Organization
KlussThe best way is to look for a reputable organization that is an approved nonprofit organization. You can check with the IRS to...
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Hiring a Credit Repair CompanyHere are some things to know about credit repair companies. By law (see The Credit Repair...
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Garnishment of Wages Yes, you can make payment arrangements with almost anyone to whom you owe money. In fact, they would...
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If you are living paycheck to paycheck, worried about debt collectors, or can't seem to develop a workable budget, you may be...
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In a debt replayment plan, you deposit money each month with a credit counseling service. Your deposits are used to pay your...
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Credit card consolidationCredit card consolidation allows you to make just one payment to the consolidator, instead of numerous...
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Yes. You can do it on your own but companies can usually get larger settlements. You on your own are doing one...where as if they...
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AnswerI was interested in doing this; I asked random creditors first what the effect would be on obtaining future credit. They...
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1) Contact the DMV in the state you last owned the vehicle and run a title or registration search. This costs money. 2)...
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It's unbelievable how terrible of advice some people can give you. Credit Cavalier must have been the same guy who was giving...
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You may be able to lower your cost of credit by consolidating your debt through a second mortgage or a home equity line of...
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Used Auto Financing Cars are no more an item of luxury. They have become more of a necessity nowadays. You wish to purchase a...
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no you can not That answer is incorrect. Whether you can file a bankruptcy case and under which Chapter you can file needs...
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It depends on whether your debt is secured or unsecured. Unsecured debt is when your debt is not tied to any asset. Examples are...
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Honestly, what makes a bigger difference are your credit scores. Naturally if you are in a debt management program, your credit...
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Yes there are...Whenever you go to consolidation before submitting your documents you need to inquire about the company and you...
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A timeshare is a consumer debt. A mortgage is a document that pledges a piece of real estate to the bank in the event the loan is...
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You can choose a debt reduction company like Freedom Debt Relief, who can negotiate with your banks to reduce your debt amount...
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It takes minimum 2 years to see an increase in your credit score but again it depends on the consistency of your payments to...
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If the debt is already in collections it is really behind..it is not going to hurt. That information stays on there for 7 years...
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Yes. The debt will appear on the co-applicant's credit reports
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AnswerNo it does not have a negative impact on your credit as they are there to help you out to manage your debts and increase...
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If the referrence is to a consolidation loan then that depending on the party's financial situation would be a better choice than...
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Depending on what lender you go to, you'll probably need a credit score of at least 540 if not higher. If debt consolidation...
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Not necessarily. Because of all of the factors that go into determining credit scores. Do some research on this forum to some...
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The balance on a consolidation loan is based on the outstanding balances of your debt, not on the total amount of your revolving...
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If this is a Chapter 13, you can petition the court for a modification or refiling. If it is with a private CC org. they can...
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Whether or not a debt consolidation loan is a good idea will depend on your particular circumstances. Debt consolidation loans...
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Work out some sort of agreement very quickly with the other party. If you can't do that then perhaps your only option is to file...
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It depends on your contract. Most will take your payment then phone you. Please note that if you don't call first, you will get a...
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When you use a debt counseling service that consolidates your debt for you, you are supposed to make one monthly payment to the...
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If you’re thinking of consolidating your debt, but your interest rate is going to remain the same, you may want to think twice....
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A debt consolidation loan is a loan you get to pay off multiple loans or lines of credit. Debt consolidation loans are useful...
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Absolutely. It won't be hurt as badly as not paying, but your credit report usually shows a status that reads "pays as agreed." ...
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It depends on how much debt you have, what interest rates this debt carries, what rate your 1st mortgage is at, if you are...
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AnswerSince a credit score can depend on how many different accounts have outstanding balances, it's possible that debt...
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How long it takes to pay off your debt consolidation will depend on a number of factors. The first thing you need to look at is...
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You will not be able to cure this person. They have a serious illness. There is no point in living in that uncertainty. See a...
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Yes. A lawsuit is still viable even if the debtor is actively participating in a debt repayment plan. It is unusual for a...
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If you’ve taken out a debt consolidation loan and you can’t afford your debt consolidation payment, the first thing you should do...
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What is needed in regards to signing up for credit counseling services will depend on which credit counseling company you decide...
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when you get consolodation loan the lender pays off all of the loans you want taken care of. for example you have 5 different...
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Approximately 3 years ago Oprah Winfrey had this very subject on her program and we all know many Credit Card Companies do charge...
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Once you employ the use of a credit counselor a notation to that effect is made on your credit score. This, in itself, is a...
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No. Just send a copy of the death certificate to the creditors, they have to write it off. They may try to tell you that you have...
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There are not laws that pertain to how long a debt is collectible or how long collection action can be taken. There are statute...
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The person(s) whose name is on the account is the only one responsible for repayment of debt. With the exception of married...
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How much debt consolidation costs you will largely depend on what type of debt consolidation you will be utilizing. If you’re...
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They'll find you! Check your credit report, chances are the collection agency name and address is lurking!
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If you're looking for a simple short answer it would be quite possibly however honestly in the world of consumer credit &...
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When you are undergoing credit counseling, some of your creditors may contact the credit bureaus and put a notation on your...
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You will need to pay it before they will institute service. Hopefully, it is a lower amount than a deposit would be. If you...
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Yes, but neither a collection agency nor the original creditor has any legal obligation to communicate or accept the terms...
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NO!!! It is a scam do not fall for...
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Their own small print (at the bottom) says they are only a broker to other debt settlement companies, and infers that they sell...
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You need to call the company that you are enrolled with and have your situation re-evaluated. Figure out what happened between...
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Go to the Federal Trade Commission's Web Site (www.ftc.gov)and look around the consumer section and you will find the answer your...
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The answer to this question depends on the policies of the individual lender and the type and status of the bankruptcy. The...
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Typically when you use credit counseling services there has been damage done to your credit already. It affects your credit, but...
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If you are talking about collectors-- You can call your Attorney General in your state...
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Try to refinance at a lower rate if you can afford payments. With your credit score, you should be able to get something under...
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they do all the time, go to ftc.gov read the laws that govern them and report the to the ftc and stop them
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First, are there parents around to help out?? Another relative?? Ask--better getting help now than ruining your credit before it...
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The short answer is, "Yes". The hospital or its biller (who likely bought your debt) for just under cost) may charge interest of...
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maturity value
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Rating agencies
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If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it...
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No, an employer is not allowed to give contact info to any one... Also, debt collecters are not allowed to contact someone's work...
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i think is it a good job to be countinue and study it. but not sure how long it wil be tale to get financial...
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No they cannot. Court judgements, like tax obligations to the government, cannot be discharged in bankruptcy court.
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If really serious, you would learn an enourmous amount of info as to how collection agencies work by working for one as a debt...
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You can file bankrupcy and still keep what you want to pay for. This stops the harrasement and keeps them from taking everything...
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Keep in mind the 125 loan will probaly have high interest or some other means of increasing the payment in the future. The lender...
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And the question is what? You created the large bill, you need to be responsible enough to pay it off. You can't expect to pay...
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First of all, each consumer must take a stringent and accurate analysis of his or her own credit ledger and find out precisely...
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the truth is a refinance and a debt consolodation loan that uses you home as colateral are two ways of saying the same thing. If...
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Tell everybodyI dont see why it should be against the law, in fact some people owe my business money and I am considering putting...
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Im asking the same thing
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If you yourself are in a situation, working with a debt consolidation to create a debt elimination plan will benefit you greatly....
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There's no difference in how the judgment is entered on a credit report. An agreed judgment indicates the debtor(s) appeared...
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If you are planning on paying the debt then let them know it is you and negotiate to have it removed from your credit report once...
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It means that a person isn't putting all of his revenue down. He is claiming less than he has.
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As long as they feel its worth it, i have come accross a collector from 6 years ago that i forgot about - they rarely...
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Just contact a debt consolidation company. There are several debt consolidation companies. They would provide you with the debt...
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Who ever said "such a friend must have been looking over the person's shoulder when they asked the question." Perhaps the one who...
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All negative information stays on your credit file for anywhere from 1-6 years. The credit reference agencies only hold...
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Talk to an Attorney. They usually give you 1 hour free to talk to them. As a former debt collector, this is the way I would...
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The bank must adhere to terms of the court order for the levy of the account, and the laws relating to such can greatly differ...
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A "check card", also known as a debit card, will have a visa sign for example. You can use it to pay in the same manner you would...
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No, and if they tell you that it is, then they are violating the FDCPA- Fair Debt Collection Practices Act. They are not allowed...
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A 'Cease & Desist Order' means: 'Cease' means to stop and 'Desist' means not to do it again. This comes into effect when...
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This is easy. Just pay of your debts bit by bit each month or in big parts every so often.It may also be smart to consider...
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Go to them and tell them that you need your money back. When they begin to make payments, make sure that you write down how much...
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