(Ruth from Maryland) I signed up with a debt settlement company in Jan 2009. I have settled 90% of my debt myself and want to get back my $11,000 from the company.Do I have any legal recourse? I am 65 years old and this is the first time this has happened in my family. 
Credit and Debt Blog
A Service of Debtors Unite, Inc.
|
|
|
28
Aug 2009
How to Eliminate Debt in 1 Year
You notice that your credit card debt has stayed about the same. You rarely make purchases on your cards anymore but the balances seem to be about the same. Then you wonder what you would do with that extra $200-400 each month if your debt was paid off. Here is how you can eliminate your debt in 1 year.
(Juan from New Jersey) Does your credit score get rated differently when buying a car verse a what you might see on the internet?
(Miryam from Florida) im married my husband has a mtg that behind im only on the deed not on the note. can this ruin my creditm if he get foreclosed? should i take my name off the deed?does the bank report it to the credit beruau or the court? thanks
(Crystal from California) My husband and I are trying to pull ourselves out of debt; we even overpay on credit cards and cut spending where and when we can, all the little tricks we can. But because of the interest rates, to make any real headway we would have to pay double the payments due. I am so desperate to get away from this cyclical debt that I am willing to accept a loan from family (which we are REALLY uncomfortable with). When all the tips and trick wear out, how can you reduce credit card debt and still have enough left in the bank for gas and food? And what are the monitary/tax pitfalls of accepting a loan from family?
(Claudia from Nevada) We already sign a contract with a Debt Settlement Company they will start this Friday, July31 the first withdraw. After reading all this articles I dont know what to do? Our debt is 80,000 in credit cards and personal loans…Any advice, PLEASE?????
21
Jul 2009
How to Eliminate Credit Card Debt
With the economy in its current freefall, many of us are laid off from our jobs and forced to use our credit cards to supply us with the basic necessities of life, hoping that we will be recalled to our previous job before the bill becomes due.
30
Jun 2009
Current on Cards But About to Be Late
(Dal from Maryland) I am current on my credit card payments, however I am getting close to being late on some. What should I do?
(Terrie from Ohio) I have 4 credit cards that I settled with this past year and I did a short sale on my house. I am trying to bring up my credit score. If I pay on the credit cards so they will say paid in full instead of settled on will this improve my score at all? I know the negative part will be on there for 7 years.
18
Jun 2009
How Does Debt Settlement Affect Credit?
Settling on an account may slightly improve your credit score, but it will be far below where it should be had you paid the account off in full. Furthermore, if you used a debt settlement company, then the impact of any settlement will be greatly offset by the legal action that you will likely face from your other creditors.
