Debt Consolidation

Yes, a telephone company is likely to have a high debt ratio due to the substantial capital expenditures required for infrastructure development, network maintenance, and technology upgrades. These companies often finance their growth and operations through debt to leverage their investments and maintain competitiveness in a rapidly evolving industry. Additionally, stable cash flows from subscription services can make it feasible for them to manage higher levels of debt.

The record high 'per-household' credit debt in America was in June of 2008, when it reached $18,596. After that it dipped until 2010, when it started holding constant. In June of 2010, it had subsided to around $15,700 per household, and then down to $15,069 in December 2010.

Since then, it has not fluctuated much. Current figures put 'per-household' debt at $15,166, but of course, this number changes daily.

Unfortunately, it is the lowest income households that have the most credit card debt, and this trend seems to be gaining momentum constantly. It will only be when the American public decides, as a whole, that credit cards are not the solution, and chooses to explore other means of paying for their daily necessities.

it's money

No matter what company that you decide to go into, they will put up your credit report to see if you are eligible for debt consolidation. However, not all of them approve debt consolidation plans from credit counseling especially bank credit cards. First it will be a 3 month wait to see if they actually approve the credit counseling plan. After that, you will see payments begin posting. I will not agree to anything about no debt consolidation unless it is in writing and I can fax over my credit statements.

Yes according to mcdonalds

Absolutely not, and keep your settled in full letters. Make sure you get one too!!

The exception to what I just said though, is most agencies will (legally) 1099-C you for the unpaid amount. This means you need to pay taxes like you would on earned income, on the remaining amount.

Experience: I own a collection agency.

because there is such a demand for this type of work and the solutions they provide or simple or just plain common sense however most people may start off doing the procedures however fall off and get back into the same situation as before. A good debt settlement company tries to get the customer to look and adjust their habits first, work o nthe mindset to change so that faling back becomes less of an option.

Great question! The answer is yes. However, credit repair companies can only remove inaccurate and unverifiable information that is reporting on the report. Accurate and verifiable information cannot be legally removed. The goal of a credit repair company is to help improve your credit by removing the inaccurate, unverifiable, and obsolete items from the report that are not meeting the requirements outlined in the Fair Credit Reporting Act for them to continuously be reported.

"You would need copies of all of the bills that you currently owe, and checking account balances. You would need the price of everything overall, they will work to get that price down for you."

You can ask and see if anyone you know has done debt consolidation and see what their thoughts are. A financial planning firm or bank would be able to help talk you through it if you had any specific questions. There are also many resources online if you can filter through all of the offers that are made and find real accurate information.

Financial consolidation is offered in many different ways. The first company you will want to speak to about financial consolidation is your personal banker. They can often offer you personal consolidation loans depending on credit approval. Many online companies offer to help consolidate your finances also.

"There are many debt help services available within the US. Options include a specific debt help relief agency, a financial advisor or lawyer, or you can also seek help from your personal bank. Many times it is possible to consolidate smaller credit card debt amounts into a larger overall loan and save on interest rates."

"There are many debt consolidation solutions options. Some of the more well known and better companies are Curadebt, Care one Credit, Lower my bills, just to name a few."

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"Some pros to debt consolidation is that it can help you get your debt under control, and you may only have to make one payment. The con's are that it will look bad on your credit."

Yes you can find debt consolidators on the internet. Simply search for debt consolidators and you should be able to find a few different ones you can chose from.

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"There are several companies offering free debt advice. Many of these organizations have offices in most major metropolitan areas. Before using the services of any particular company, you should first check their rating with the local Better Business Bureau."

"Debt consolidation companies used to charge an upfront fee, but now the Federal Trade Commission bans this practice. However, given the recent push in Washington toward curbing federal industry regulations in all fields, this law may again soon change."

Consumer Counseling Credit is a reputable debt consolidation company in Canada. You could also try going to bank and getting a personal loan or a home equity loan.

There are hundreds, if not thousands of credit debt management companies. If I needed such a service, I would definitely seek advice from a trusted source, such as a family member, friend, bank or employer, as to who they might recommend.

Free debt management is usually associated within the no or low fee areas of local free law clinics. The service is based mostly on do it yourself fill in paperwork. You are then usually told to present the papers to the courts yourself. The service is more centered in guiding the client to do it by 1-2-3 step method.

I don’t have access to personal data about individuals unless it has been shared with me in the course of our conversation. Therefore, I can't provide information on specific debt collectors or debts owed. If you need assistance with managing debt or understanding debt collection, I can offer general advice.

No because the original company has 'sold' the debt to the credit company or in other words the credit company has bought the debt account from the original company for less than what you owe. That is why credit companies keep chasing you to pay them.