0
Are there any debt negotiation companies that are not part of the credit companies?
Wiki User
∙ 9y ago
There are a couple different credit counseling services that are non profit companies and they do not have the credit companies in their back pocket. The best way to filter out these companies is to call the local better business bureau.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Does debt settlement companies help you settle with credit card debt?
Debt settlement companies can help negotiate debt relief with all your creditors. This will include credit card companies who may be willing to write off part of your debt.
Different between credit control and salesperson?
Credit Control is the part of business which is responsible for negotiation with creditors and receiving debt timely from debtors. However, a sales person is only responsible for marketing and selling the company products.
Does debt reduction companies really help reduce debt and payments?
Yes off course they help to reduce debt. With the help of debt consolidation you begin with one loan with a small interest charge which is reasonable and which will assist you to perk up your credit score. Accepting this loan will discontinue any collection mediators harassing calls and provide you a strain free future to construct your credit for upcoming borrowing. Thus for easy repayment of the debts one should go for secured debt consolidation loansAnswer: {| |- | Yes debt reduction companies help you in reducing your debt levels. Debt settlement, also called debt negotiation, is a process by which your lenders agree to forgive a part of your balance, saving you up to 60% of what you owe. You then only have to pay the new agreed-upon sum. In some cases, you continue to make monthly payments, in others you must make a lump-sum payment. The forgiven balance is considered taxable income by the IRS. In addition, the settlement will be noted on your credit report. I used Freedom Debt Relief's debt reduction program to get out of debt, they negotiated with my creditors and helped in reducing my debt amount significantly. |}
Does attorney fees debt affect credit?
They don't unless you let the debt go and either the attorney or debt colletion agency reports it as part of their collection efforts. If that happens it can seriously damage your credit.
How long does a credit card company have to sue you for unpaid credit card debt?
as long as it remains a part of your credit report, 7 years.
Is an authorized credit card user responsible for credit card debt if the primary card holder declares bankruptcy?
No. The card holder is responsible for all debt on the credit they extended to him. (You may be responsible to the credit card holder for the debt he incurred for you, if that was your agreement).
How do credit card companies stay affluent when so many card owners are in serious debt to them?
Credit Card companies issue terms concerning interest rates, that the user must agree to as part of the condition of being offered credit by the issuing company. If a user pays only the monthly minimum amount, required by the issuing company, the issuing company can charge a monthly interest rate that has nothing to do with the actual amount of credit used by the user. Issuing companies can also charge an Annual interest rate. In addition to interest rates, credit issuing companies can sell a debt to a Debt Collection Agency, if the user defaults on a pre-determined amount of payments. It is actually more lucrative for a Credit issuing company if a user does not pay their balance in total and only makes the minimum monthly payments
If you are enrolled with a debt consolidation program can the credit card companies sue you and take your property?
First off, the credit card company doesn't want your stuff. They won't come and take your TV or whatever you bought. Usually, if you are having a debt consolidation company divide up your payments - the credit card company won't bother you. BUT, sometimes the consolidation companies don't start making the payments when you give them the money. Sometimes, they keep your first and/or second payments as part of their fee. IF they didn't pay, the credit card people can sue you.
What is the relationship between credit debt?
Money and credit is an emotional part of life and just like a relationship it can cause us problems but with debt or spending we need to recognize there is also a problem
What is the relationship between debt and credit?
Money and credit is an emotional part of life and just like a relationship it can cause us problems but with debt or spending we need to recognize there is also a problem
What is the purpose of a Part 9 Debt Agreement?
The Part Nine Debt Agreement states that the debt agreement shall appear in one's credit history for seven years. In addition, the debtor's name will be on the NPII list forever.
What part of speech is negotiation?
Negotiations is a noun (plural form of negotiation).
