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9. January 2009

How much will a debt management plan save a month?

EMB asked: I am looking into a debt management plan. We tried a home equity loan but our credit has gone down to far for it. The one that I just applied for said they save on average $125 a month….that won’t cut it. Anyone have been success than that? I [...]

Is it true that if you go with a Debt management program will your credit clear up faster?

1. January 2009

2 Comments

Is it true that if you go with a Debt management program will your credit clear up faster?

G asked: I heard about Incharge Debt Management which is a non-profitable organization, does it really help you repair your credit sooner?

27. January 2009

2 Comments

How to pay off credit cards enrolled in a debt management program?

Rachel asked: I have been in a debt management program with a local credit counseling service for about 8 months. My parents have offered to co-sign a loan so I can pay off the cards. The loan with the bank is a lower interest rate than the cards and will pay them off [...]

27. January 2009

3 Comments

How does debt management/consolodation work?

Jennifer M asked: So I am thinking debt management or debt consolodation would work better then bankruptcy, but my husband did debt consolodation about 5 years ago, and we were told it looks as bad as a bankruptcy. It actually negatively effects your credit. Is this true with all the companies?

24. January 2009

1 Comment

Why does a Debt Management Plan ask if you have over 1000 in medical bills?

EMB asked: We are about to begin a debt management plan through CCCS. One of the first questions on the application is do you have over $1000 in medical bills. Why do they ask this? Will they help with these bills?

22. January 2009

6 Comments

Has anyone ever used a debt management service? How did it affect your credit rating? Would you reccommend it?

mom24athome asked: I want to eliminate the rest of my credit card debt. I see the ads for debt management services where they work with your creditors to reduce your interest rates, then combine all of your debt together, where you pay them one payment per month. My husband thinks this will reflect [...]

21. January 2009

1 Comment

How do debt management companies help?

Chixdiggit asked: I’m currently in a situation where I’ve collected more debt than I can manage and the interest payments are staggering. Besides telling me how I can better spend my money, I’m wondering how a debt management company could help me? I own a house. Would they somehow tie the debt into my mortgage payments? Basically [...]

19. January 2009

3 Comments

What happens if you get out of a debt management program?

emjaydee04 asked: Im a 22 year old full time college student with a part time job. About three months ago I joined in charge debt solutions because I thought it would be easier for me to manage my credit card bills that way. However now after joining, I’m realizing that Im unable [...]

16. January 2009

3 Comments

How do I create a debt management program?

rejavanation asked: I did an internet search and all lead me to already established debt programs. I want to set up my own debt management program, which can negotiate with creditors, consolidate loans etc… How do I get started? I reiterate: There are literally thousands of debt management, consolidation, counseling website and resources. I am not [...]

13. January 2009

0 Comments

If you’re in a debt management program, what are the effects of employment consideration?

dru asked: (In detail, when a company does a credit check, does being in a debt management program effect the chances of employment? I have never been late with payments or went through bankruptcy. I signed up to reduce interest rates. Your honest feedback would be appreciated.

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