Sep 06 2008
Have you ever written a check for something that you knew you didn't have the money for? People do that more than you think. They play the game of "robbing Peter to pay Paul". (…)
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Aug 30 2008
No one wants to go into debt. We try to avoid it if we can, but we fall into the traps of credit cards and delayed payment specials so easily. (…)
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Aug 30 2008
An overview of the Budget 4 life Credit Debt Management system. Learn about a progressive financial plan for our changing economy. For more information visit our credit card debt relief website http://www.mybudget4life.com
Thank you,
Mike Brady
Budget4life
Duration : 0:6:17
Aug 30 2008
http://live.pirillo.com - Ponzi and I just returned from a vacation in Hawaii. Credit cards can be a blessing… or a curse. Here are some tips we came up with when going on vacation, and using your credit card.
Duration : 0:8:12
Aug 30 2008
http://www.DebtmericaFreedom.com Cut Debt 60% & Save Credit Rating. Avoid Bankruptcy & Be Debt Free! Compare Counseling, Consolidation, & Settlement. Free Quote: 800 972-4595 or Debtmerica Freedom.com
Duration : 0:1:57
Aug 30 2008
How to negotiate with credit card companies on rates, fees and payment schedules.
Duration : 0:3:20
Aug 30 2008
http://www.debtguru.com Free financial analysis to help you decide whether a credit card debt consolidation program would work for you. Check out our Self Help debt management articles.
Duration : 0:3:8
Aug 30 2008
A step by step video talking about the reality of credit card debt, and how the credit card companys are really charging you 83.3% interest.
Duration : 0:9:59
Aug 30 2008
I owed $5500 to a credit card. I was trying to pay it off in full, but between high interest rates (22%), and the fact that I am over the limit ($1500 over), i decided to settle. They offered me a settlement of $2600, which I have to pay over a 6 month period. Now, upon looking on yahoo answers, everyone is saying that settling is the same as not paying it at all. Should I continue to pay on my settlement? If it is going to look the same overall, then there is no need to keep paying, however I am trying to fix my credit as best I can. Any advice would be appreciated!!
Ask yourself this: At 22% interest, can you pay it off, EVER?…if you could, wouldn't you have done that to start with?
Yes, it will show as a settled account, but if it didn't go into collections, it won't hurt your credit near as much!
No, it is NOT the same as not paying it at all.
Take the settlement…it's a very, very good deal. If you accepted the settlement, and stop paying on it, they have the right to go back RETROACTIVELY and tack on the interest, and giving you credit for what you paid.
Aug 30 2008
I had a chargeoff with a credit card and now there is a collection agency taking care of it. The man offered me a settlement of half of what I owe.
3 payments in 3 months and I'm done with this he said.
What should I do next before I set up the payments or mail in any money orders?
What should I request from them? something in writing.
Please give me exact good advice as of what to do.
I don't wanna pay this amount and find out he lied about this settlement.
Understand when you do a settlement that you will have to pay taxes on anything over $599 of the amount you did not pay. For example–$10000 in debt, settlement of $5000. This leaves $5000 not paid. You would receive a 1099 form from the IRS for taxes owed on $4401. The IRS considers the amount you did not pay as income. Do request something in writing agreeing to the terms. Unlike some, I would not worry about doing the payments over the phone through a checking acct–you do have an agreement in writing. Of course, I work at a reputable company–this makes a big difference. You could send money orders, or pay western union–the collection company can give you a free code so it does not cost anything to do the western union. Good Luck! ***