2009 January | Debt Management Class

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

27. January 2009

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 faster with [...]

How does debt management/consolodation work?

27. January 2009

3 Comments

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?

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

24. January 2009

1 Comment

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?

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

22. January 2009

6 Comments

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 negativly on [...]

How do debt management companies help?

21. January 2009

1 Comment

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 [...]

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

19. January 2009

3 Comments

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 to keep up [...]

How do I create a debt management program?

16. January 2009

3 Comments

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 [...]

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

13. January 2009

0 Comments

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.

Debt Management Tips : How to Get Out of Credit Card Debt

9. January 2009

2 Comments

eHow asked: Good ways to get out of credit card debt include not using cards and quickly paying down cards with smaller balances. Stay out of credit card debt by throwing away enticing low interest-rate offers received in the mail with advice from a certified public accountant and credit counselor in this free video on [...]

debt management?

9. January 2009

2 Comments

gangstaG asked: I’m looking for the most reputable top knotch debt management company to go with to settle some debts from my younger years..I’ve heard stories though of people getting ripped off and scammed by these “so called companies” So can I ask out there anyone know a good company to go with?