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Debt Consolidation

~1000 answered questions
Parent Category: Debt Collection
Services offering advice regarding the management of personal debts and the combination of several individual loans into one large loan
In august my 1999 106 pipe broke at front end i needed full catalyst and exhaust. Cost for catalyst and pipe was �75 and exhaust was �24 before vat and fitting
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The cost of replacing a part is a very general question that unless specified exactly is hard to answer. First, is who is replacing the part? Is the Dealer, an independent repair shop, a junkyard, the guy next door or you doing the replacement. These will all yield different prices. Not to mention t…
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Demand VERIFICATION of the debt. Dont say or do anything until you have verification in your hand. THEN you can prceed to make a plan. Someone somewhere had to have gotten a JUDGEMENT against your husband for the balance owing. The judgment has to be in effect for them to try to collect.
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Look at it this way, they "made arrangemnets" when you bought the car. You couldnt/didnt pay then while you HAD the car. So why will you pay on your own when you DONT have the car. Likely they will garnishee.
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1. Find a car with a large factory rebate(some are over $6000.00). Some lenders will allow you to use the rebate as cash down. Put down some additional cash to help with the payoff of your car, and negotiate the price of the new car down to invoice or less, and you may be able to get out of your cur…
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Hiring a Credit Repair CompanyHere are some things to know about credit repair companies. By law (see The Credit Repair Organizations Act), credit repair services must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign a contract to repair credit. Credit…
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In a debt replayment plan, you deposit money each month with a credit counseling service. Your deposits are used to pay your creditors according to a payment schedule developed by the counselor. As part of the repayment plan, you may have to agree not to apply for ? or use ? any additional credit wh…
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It depends on whether your debt is secured or unsecured. Unsecured debt is when your debt is not tied to any asset. Examples are credit card debts, credit lines, unsecured personal loans, etc. If your debt is unsecured, you should avail of the reliable services of a professional credit counselor.…
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Yes. You can do it on your own but companies can usually get larger settlements. You on your own are doing one...where as if they have 10 different people with a card from abc bank, totaling 100,000 in balances, they offer 40,000...a bank usually will not say no to that much. You on your own...are …
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We have a similar problem. We have an open Montgomery Ward credit card account that can't be closed because the company is no longer open. I can give you some info we tracked down that may very well help you. As of June 30, 2003: The company that is managing the MW estate is: John L. Palmer, Certifi…
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If the debt is already in collections it is really behind..it is not going to hurt. That information stays on there for 7 years anyway. Better to have paid something rather than "0"....and you can get them to put settled but satisfied...request it in writing when you get the settlement. Typically,…
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Answer NO! First thing to do if you want to pay off old debts is dispute the negative items on your credit report. If an update is over 5 years old they have to remove it. The reason I say dispute it is because when the credit bureau contacts the creditor the creditor has 30 days to validate the …
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By "bad debt", I assume you are referring to collections. All lenders do not make you pay off all collections. In fact, there are some non-conforming lenders who do not make you pay any collections, other may only make you pay if the total is over a certain amount. If you are shopping for a mortgage…
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I was interested in doing this; I asked random creditors first what the effect would be on obtaining future credit. They advised that it was better than bankruptcy by far, but that it told creditors that you had trouble managing your finances and you were a poor credit risk. When i was in debt I ca…
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Depending on what this question is really asking, one obvious possible answer:Make more money through your business!And one less-obvious possible answer:Negotiate with the debtors for an advanced repayment schedule, so you can repay the debts faster.
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%DETAILS% Answer If this is a Chapter 13, you can petition the court for a modification or refiling. If it is with a private CC org. they can amend your contract. If it is a 13, contact the trustee as soon as you can and explain your difficulty. Do not let it default. Texas is a community pr…
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%REPLIES% Answer Not necessarily. Because of all of the factors that go into determining credit scores. Do some research on this forum to some reasons as to why. Answer Slightly, yes.
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Paying off the debts will hurt your credit score. I would first send them a letter requesting debt validation and dispute the account with the credit bureaus. If they don't respond to the first request in 30 days send a second validation request. Start racking up the violations and threaten to file …
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2nd part of your question first:No, it won't hurt you to try and may help you by forcing you to educate yourself about your rights under the law and civil procedure.As far as "how"; that's a bit more complicated, but definitely worthwhile to pursue. Refer to www.artofcredit.com for information.You c…
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If the referrence is to a consolidation loan then that depending on the party's financial situation would be a better choice than BK. If the issue is whether a chapter 7 or 13 BK is the best choice, it is always preferable to pay debts even partially. However both are detrimetal to credit history. A…
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Depending on state statutes, a notice/summons can be sent via registered mail.
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Credit card consolidation Credit card consolidation allows you to make just one payment to the consolidator, instead of numerous smaller payments to many cards. Be cautious of credit card consolidation and other debt consolidation plans. These plans are not always the best option for your overall f…
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Credit Card and Collection Ageny Debt A collection agency cannot sue without the approval of the original creditor. Actually they can't sue at all. And if they tell you they can, they are violating FDCL. They refer the account back to the original debtor, who decides whether or not to sue and then f…
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Sometimes.. On the other hand, they might just raise your interest rate, thinking you could be a high risk. Depending on the circumstances a creditor is reluctant to settle for less than the full amount, unless a lawsuit has been initiated and is in mediation. You need to look at all the pros and co…
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Probably. Assuming it was a legitimate transaction done before any legal action was taken by creditors. If a creditor had already filed a suit, it might be seen as a fraudulent conveyance and LLC protection would be voided.
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The company/bank may be willing to negotiate a settlement to avoid the consumer filing bankruptcy. Or perhaps to avoid pursuing legal remedies to collect the debt. They will not consider a settlement if the consumer is simply asking to pay less than the full amount. For obvious reasons.
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To have any chance of winning a lawsuit there needs to be legal precedence and substantiated evidence. Regarding suing a creditor the consumer would need to prove fraud and/or antitrust violation, bait and switch tactics, breach of contract and so on. The clerk of the circuit or district court (depe…
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The best approach would be to work with the Creditor's attorney to come up with some kind of agreement.You can also move to have the stay reimposed or ask the Judge to reconsider lifting the stay.   If the motion for relief from stay has been granted, you no longer have a defense. The time to…
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That would be determined by state statutes. You need to consult with a your attorney ASAP. In some states the mortgage lender can foreclose within 30-60 days.
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All creditors are given notice of whenever a BK is filed. They have the option of filing to block the Bk proceedure for any debt owed them if they believe the debtor is able to pay. Usually this is done by a secured creditor.
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This would be the best case scenario for your credit report, but it does not happen automatically.Hopefully, your bankruptcy attorney was diligent about informing all creditors included that their debts were discharged. If not, and you still have derogatory information showing that was included and …
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%DETAILS% Answer The best bet is to start by talking to your attorney. (S)he may have a valid reason. If the reason is useless, then I would start by finding another attorney. File a grievance w/ the local bar and possibly file suit against the first attorney. BEFORE you do any of th…
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The answer probably depends on the laws of the State in which you live. In Indiana, I tell my clients to file a small claims lawsuit against the creditor, not asking for money, but asking the court to Order the BMV to issue a clean title to the vehicle to get rid of the creditor's lien on the title.…
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%FOLLOWUPS% Probably not, since the divorce has been finalized. Although some states have bankruptcy laws that do include joint debts in this type of situation. W/O knowing the state of residency more specific information is not possible. You could consult the state bankruptcy laws for informatio…
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This is tough to respond to because it is so highly dependent on your situation.Generally speaking, if creditors aren't harassing or suing a person, then that person doesn't normally file bankruptcy since, eventually, the statute of limitations will expire on the debts so that the creditors can neve…
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: The best way is to look for a reputable organization that is an approved nonprofit organization. You can check with the IRS to ensure that the organization is tax-exempt. Otherwise, any Debt Consolidation Company can try to sell you on a consolidation option that could make your situation even wor…
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Garnishment of Wages Yes, you can make payment arrangements with almost anyone to whom you owe money. In fact, they would probably prefer that to the giant pain in the ass garnishing wages can be. Companies, health care professionals and even the IRS are willing to set up a payment arrangement with …
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The correct answer to your question is yes. You also must pay taxes on the amount forgiven. If you have FFEL loans instead of direct loans you need to go on the "income-based" repayment plan to get this benefit. Note that 25 years means 300 full payments; All months spent in deferment of forbearance…
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You can refinance your mortgage as often as you like but it could become very costly. There are seasoning issues with some banks if you have not owned your property for atleast a year but after that you're good to go. I just refinance in January, however the cash I pull out was not enough, can i…
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The question not being more specific makes it a little difficult to answer. Nevertheless, if it is referring to attorneys taking bribes to manipulate the outcome of a case, then the answer is most definitely, NO ! However there always exception.If it pertains to a settlement for debt, then the answe…
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Answer It takes minimum 2 years to see an increase in your credit score but again it depends on the consistency of your payments to debts Answer There are three credit bureaus. Each of them can take anywhere to 1 or 6 months to update each of your accounts. All of them will be sporadic. …
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There are several routes to go here. It depends on your state's laws, what type of organization you want to work for, and the type of counseling you want to practice. Sometimes, for specific types of counseling, all you need is a certification, such as CDC (Chemical Dependency Counselor). If you wan…
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Answer They'll find you! Answer Check your credit report, chances are the collection agency name and address is lurking!
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Used Auto Financing Cars are no more an item of luxury. They have become more of a necessity nowadays. You wish to purchase a car but are short of money. You have explored the loan market and have realized that you actually can't afford buying a new car. What would you do in such a situation? Wil…
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No. People are not sent to jail for not paying their debts. A writ of judgment is granted when the plaintiff wins the lawsuit. The judgment can be enforced in several ways, pursuant tot he laws of the debtor's state of residency. The preferred form is wage garnishment or bank account levy. It can al…
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The short answer is, "Yes". The hospital or its biller (who likely bought your debt) for just under cost) may charge interest of certain percentage depending on the state, usually around eight percent (minimum), depending on credit scores and/or their whim as allowed by law. You should look this up…
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Answer Honestly, what makes a bigger difference are your credit scores. Naturally if you are in a debt management program, your credit scores will drop like a rock. So, it becomes very difficult to get another loan for anything. If your credit scores are already below 650, dont care much abou…
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Basically the person is agreeing to terms stated and is accepting the responsibility to pay the amount the card issuer claims is due.
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You can choose a debt reduction company like Freedom Debt Relief, who can negotiate with your banks to reduce your debt amount and one can become debt free in the least amount of time. I took their service which was very good. Answer I question the value of debt consolidation companies. I have a…
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Answers Yes there are...Whenever you go to consolidation before submitting your documents you need to inquire about the company and you can always see if a company is listed in BBB. Because there are some non-profit organization who say that we provide debt conosolidation for free but then they c…
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The Greenduck Co. was based in Chicago. I was unaware they made varnish, but do know they made Fraternity Medals and such in the early 1900's ANSWER- THE GREEN DUCK METAL STAMPING CO. WAS LOCATED AT 1520 WEST MONTANA,CHICIGO ILLINOIS.I BELIEVE THAT IT WAS IN BUSINESS FROM 1906 UNTIL THE 1960`S OR…
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Answer Yes, if you deliberately fail to enter a debt on the bankruptcy schedule the BK can be dismissed with prejudice. Answer When petitioning for your own bankruptcy you should disclose all of your debts. However, certain debts such as fines and Student Loans cannot be included in the bankr…
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Whether or not a debt consolidation loan is a good idea will depend on your particular circumstances. Debt consolidation loans aren't really getting you out of debt, they're just consolidating your debt into one loan. If the monthly payments are lower, it's either because the interest is lower or t…
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Answer no you can not That answer is incorrect. Whether you can file a bankruptcy case and under which Chapter you can file needs to be evaluated under the terms of Bankruptcy code. Whether or not a particular debt is dischargeable needs to be evaluated under the terms of the Bankruptcy co…
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Children can not be held liable or responsible for contracts of any type and also do not have any ability to get credit or have a credit rating. That is why their CC is in your name and why only you are responsible for paying their CC debt. All that is impacted here is your credit.  If the "ch…
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Answer {| |- | A revolving account is an account that requires a minimum payment each month in addition to a service charge. When the balance decreases, the service charge/interest also declines. To learn more about credit terms you can visit bills.com |}
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Contact the State in Harrisburg, and ask that question.
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This letter is written by an employee to his superior to thank him for his understanding of recent events. The employee has had to take unexpected leave from work to care for his mother after she suffered a fall, and will return to work as soon as possible. 1st November 2010 From: Mr. Edward Dev…
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Best Answer Chosen If you're looking for a simple short answer it would be quite possibly however honestly in the world of consumer credit & loans everything depends on a professional review of your personal financial situation as any general answers may steer you off in the wrong direction o…
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Answer Charge offs generally occur 180 days after DLA. It is not necessary for a creditor to designate an account as charged off in order to file a lawsuit. A creditor may file suit at any time an account is in default or in some instances if they have just cause to believe the debt will not be r…
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A Proposal letter deals with the suggestion that is a move to persuade and inform the recipient in order to do something. Proposal letter contains important elements which should be mentioned to order to have some good chance of persuading the readers. The elements must include what the sender propo…
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The answer below may apply in USA legal jurisdiction.Different States (i.e. sovereign legal jurisdictions) have their own laws.So, for example, if you are in China, I am sure the answer below does not apply. But, if you happen to live in USA, well, you are bankrupt anyway you care to figure it. Ta…
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Answer Why bother? No one can legally inheret debt. Actually debt can be "inherited" if the deceased left a spouse and the married couple resided in a community property state, the debts then revert to the spouse whether he or she incurred them. In non-community property states the deceased's d…
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Since a credit score can depend on how many different accounts have outstanding balances, it's possible that debt consolidation can indeed improve your credit score. Debt consolidation has minimal effect on your credit. In most cases, you apply for a home refinance or debt consolidation loan and u…
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Answer You will not be able to cure this person. They have a serious illness. There is no point in living in that uncertainty. See a counsellor and start making plans to leave. You owe it to yourself to be happy. Answer I am yet another writer experienced in living with a manic depressive …
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YES, a service site like TAIWANEXPORTER.WEBS.COM can help you obtain any Taiwanese companies' key information such as Registered Capital and Annual Export Sales
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The question does not indicate if the action is to be on the part of the creditor/lender or the borrower/debtor. Nevertheless, there are not generic forms for a Right To Cure notification. Individual states establish the procedure and therefore information included in the correspondence must be in c…
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3rd Eye Inc was first established in approximately 2003. In around 2006 the company name was changed to United Credit Education Services. The name change was made to better reflect what the company was about...educating consumers about credit as well as providing resources for consumers to re-establ…
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A stay is like a legal "hold" placed for a purpose. If the party that is "held" objects to the "hold" placed on it by a court, that party can petition the court for relief from the stay. They can ask, can make a motion, that the stay be lifted. That's the motion of relief from the stay. If the court…
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This is often the case as it is not updated. You should call and make sure they are kept current in their reporting.
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Answer Go to them and tell them that you need your money back. When they begin to make payments, make sure that you write down how much they pay, the date and have them sign it. That way they know how much they owe you and can't tell you that they paid you all of the money. If they don't want to …
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NO! NO. They are now allowed to harass you. You should call back and speak with their supervisor. If they don't do anything, report them to consumer affairs. The Department of Consumer affairs works at the state level- so contact your local Consumer Affairs department to file a complaint.  In…
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It depends on where you live. In many states, property of a man and wife are considered shared. In other states, not so. It will depend on your local laws.
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Yes, as long as it is not inside a garage or building that is either locked or unlocked. The other exception is the repossession agency may not commit a breach of peace as defined by state law while recovering a vehicle..Also the repossession agency is not allowed to cause property damage in order t…
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The US has an obligation to help those who can't help or defend there selves. In the case of Iraq, the weapons of mass destruction was not totally correct. But, Iraq was lead by a tyrant who tested biological weapons on defenseless men, women, children and babies. The Kurds had NO weapons and merely…
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Since we don"t know how big of an area you have to rake, I would offer 3 bucks or so for each "bag" they fill. If its one of those HUGE lawn and garden bags then maybe 4 bucks ( if your generous). what?!!! u should charge 20 bucks a bag
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Countries Celebrating Christmas Of course! In some countries its just a different date
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A counselor earns around $34,000 - $56,000.
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If I understand your saying the car is paid for, and you have other debts you are afraid will get judgments against you and then go to seize your car:Generally, States prohibit the seizing of reasonable unsecured personal items used for essential life needs...household goods, furntiture, and a neede…
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Answer Probably not. Most states say credit accounts and written contracts have a SOL of 5 or 6 years (check your state, it varies!) to collect. But contracts signed under seal (some credit cards are!) may have longer times. And there are many other factors that can toll the SOL time. And the sta…
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If the judgment is for state or federal taxes then any refund is subject to seizure by the agency holding the judgment. If it is a creditor judgment, a tax refund would only be subject to attachment if it were placed in a bank account that was being levied by the judgment creditor. I would consult w…
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Not if you have a hard copy of the SIF (settlement in full) offer. If you have that and you are within the terms of the SIF (the payment due date has not elapsed) they will have difficulty raising the amount. I wonder why you would want to settle. Don't you realize how that is going to haunt you for…
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"Debt Management" is a process to deal with, or 'manage' existing debt by paying it off, and also not incurring any new debts in the process. Your goal in "managing" your debt should be to gradually reduce, and eventually eliminate it. There are a number of ways which you can manage your debts. For…
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actually you can just study at home geomety,algebra,mathematics,calculo and that's all
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how much shood a 13 y/o urn 4 mowin lawni think they should get paid $10 because the parents would have to pay a lot more when they pay for Jim's Mowing to come over and do the lawn. Also time is money and it would mean the parents can do things they wouldn't have time forby Simon maisch
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No, they are not. Everyone uses the same rules created by the FA in England, first invented in 1863.
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No Zimbabwe and the us don't get along with each other. Since USA wanted to take over Zimbabwe and failed because President Robert Mugabe ( Zimbabwe's president) was very clever and didn't want his people to keep on being killed. And he also didn't want his people to be under constitutional monarchy…
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Answer he did not get along with other countries
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In Georgia, solely a PPD Rating you would calculate the Average Weekly Wage (AWW) multiplied times the maximum number of allowable weeks times the disability rating. Thus if you had an AWW of $100 and a PPD rating of 10% to your whole body (carrying a maximum of 300 weeks) you MIGHT expect to demand…
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Debt collection is becoming universal. They can trace you and send people to reclaim the debt. A lot of countries have agreements to this effect. See related links for more information
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Any consumer possessing several debts can apply to particular company and consolidate debts. Although, this process seems to be complicated, it can become much simpler if you apply to the company, performing debt reduction inline service to save your time and money, of course. It's very easy as all …
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Debt consolidation - is reaching an agreement with each creditor to accept a lower regular payment, usually at a much reduced rate of interest. It takes longer to pay off the debt, but you pay less interest than you would at their normal rate. Companies would much rather come to a satisfactory agree…
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Best bet is lexintonlaw i tried them paid $10 over phone and they were actually able to tell me dat i had 3 collections and 3 other things dats what kept shiwng up on my credit check every tme i applied to buy a motorcycle.. But no one can show or tell u what comes up when u apply for something .. I…
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Answer Some home schools are FREE Answer There are no federal tax breaks or programs to help pay for homeschooling. It is all out of pocket. I don't know all the state laws, but I would be very surprised if they offered any help.
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Most non-profits that are bigger are formed at the National level as 501c3 status. That is just a legal entity though, where these nonprofits conduct their business can be at their choosing. That means it could be at a state level.
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i am a business owner for over 11 years I take whatever the government leaves me after they tax me to death
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If you cannot afford the payments, talk to them and ask them to lower the payments. If that does not work out, try getting into Debt Settlement. Make sure to research on the negatives of Debt Settlement. 1. Credit score drop 2. Collection calls 3. Chances of getting sued Look out for a company…
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Spanish across the worldOther than in Spain and Latin America, Spanish (or Castillian) is spoken in Equatorial Guinea (West Africa), the Philippines (by part of the population), and in Morocco, in the cities of Ceuta and Melilla, which are Spanish territory. It is interesting to note, too, that Span…
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