answersLogoWhite

0

The The Mortgage Forgiveness Debt Relief Act was enacted by congress to help give relief to American families having trouble paying their mortgages. Research shows that the banks have been slow to work with families as the law outlines they should.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What can I do to apply for debt relief?

Check with the company that you are indebted too. Many have programs to work with you.


What are some debt relief programs avaialable?

In the U.S., there are several debt relief programs designed to help consumers manage or reduce what they owe: Debt Consolidation Loans – Combine multiple debts into one single loan with a lower interest rate and one monthly payment. Debt Settlement Programs – Work with a debt settlement company to negotiate with creditors and reduce the total amount you owe. Credit Counseling & Debt Management Plans (DMPs) – Nonprofit and professional agencies create structured repayment plans and may help reduce interest rates. Debt Forgiveness & Hardship Programs – Some creditors offer partial forgiveness for consumers in financial hardship. Bankruptcy Alternatives – While not always ideal, bankruptcy is also a legal form of debt relief, though it has long-term credit consequences. Companies like Better Debt Solutions provide personalized debt relief solutions across California, Florida, Texas, and nationwide helping consumers find the right program to reduce debt, lower interest, and avoid bankruptcy.


Where is debt relief offered?

Debt relief is offered across the United States, with specialized programs available in states like California, Florida, and Texas. Whether through debt settlement services, debt consolidation loans, or credit counseling programs, residents can access customized solutions that reduce balances, lower interest rates, and simplify repayment. Trusted providers like Better Debt Solutions deliver nationwide support with tailored debt relief programs designed to fit different financial needs.


How does a person qualify for debt relief programs?

a person can qualify for debt relief programs if you are facing financial hardships which means people who are late on paying their debts or have little ability to pay their debts


What companies offer credit card debt relief programs to consumers?

Many trusted debt relief companies in the United States provide programs that help consumers manage and reduce credit card debt. These services include debt settlement, debt consolidation loans, credit counseling, and structured debt management plans. National providers such as Better Debt Solutions offer personalized credit card debt relief programs designed to lower interest, simplify payments, and even negotiate reductions with creditors. Consumers in states like California, Florida, and Texas can access tailored debt relief solutions that make repayment more manageable and provide a clear path to financial stability.


Can I get debt relief as an individual, or is that only used on a corporate scale?

The best thing you can hope for as an individual in terms of debt relief is debt consolidation. Most debt relief programs are reserved for large corporations or even governments. I believe the only answer is really a debt consolidation aside from filing for bankruptcy.


How can I get relief from my debt?

Your first step is to contact the company you owe the money too. Many have programs to help relieve debt.


Does Bank of America offer freedom from debt or debt relief programs?

No, it does not. Bank of America is a bank in the business of making money, not helping you save your own. You best option would be to find a reputable debt relief company or an accountant.


Why do some latin American countries need debt relief?

from other countries to carry out econmic programs.


What companies offer debt relief?

Public Debt Relief: Best Overall. Certify Debt Relief: Best for Debt Settlement. DMB Financial: Best for High-Interest Credit Card Debt. New Era Debt Solutions: Best for Customer Satisfaction. Crudest: Best for Tax Debt Relief. Opportunity Debt Relief: Best Interactive Program. affordabledebtconsolidation


What resouces are available to a business owner in need of debt relief?

Debt Consolidation America is a debt relief company with many different programs for small business owners. Also another company, Net Debt, essentially serves as a referral service and matches you with the proper provider to best resolve your debt issues.


What programs deal with consumer debt relief?

There are a few options that can be investigated when researching debt releif. Debt Negotiation, Debt Consolidation, Debt Settlements and Repayment plans are just a few options you can look into. Not all debt relief companies and plans are the same, it's worth really researching companies. Start with more well known and reputable companies, such as, National Debt Releif.