Credit and Debt Blog
A Service of Debtors Unite, Inc.
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(Gary from Indiana) Is there a maximum time limit a creditor can attempt to collect a debt? (more…)
(Mark from New York) Can you help me with my car payments?
Dear Mark,
Credit counseling can help you find solutions for paying all of your bills. Sometimes a debt management program can be very beneficial for handling all of your unsecured debt, such as credit cards and personal loans. While this program does not allow for secured vehicle loans, it might save you enough on monthly payments to make it easier to make your regular car payments.
That being said, I will caution you about firms that claim to be able to help you avoid repossession for a fee. These firms frequently do nothing to help. Furthermore, even when they do negotiate a workout arrangement, it is normally something you could have done on your own without paying their fee.
It might be useful to see what types of workout arrangements are possible. That should provide some help for you to make your car payments.
[Mike from California] Does a car dealer have to provide you with the lowest interest rate? (more…)
The television commercial claimed they had relationships with car lenders and could cut your payments through loan modification. While I knew the claims were unlikely to be true, I still had to investigate those claims. What I found were patterns of deceptive advertising and outright fraud. (more…)
(Isma from Texas) last year i entered an agreement with ghs solutions. i am being sued by citi bank. i have come up with the money that citi bank will settle with. How do i go about doing away with ghs solutions and if i do that will i lose the money that has already been in the account which is 660.00. (more…)
If you have ever been charged $35 for the privilege of spending 3 bucks that you don’t have, you understand how frustrating overdraft fees can be. This fall, these fees will be illegal if you haven’t opted in. One bank has decided to set the trend by voluntarily ceasing overdraft fees in advance of the new rules. (more…)
Allegro Law LLC and Allegro Financial Services LLC have been shut down permanently as a result of a lawsuit filed by the Alabama Attorney General seven months prior. According to the office of Troy King, Allegro is one of the “largest debt settlement schemes in the country.” (more…)
Minnesota residents can count themselves among the first in the nation to have new protections against the rogue debt settlement industry. A new law that went into effect August 1, 2009 has blocked the upfront fee model favored by debt settlement companies. (more…)
