zermenoj asked:


I am looking to pay a debt relief company 15% of whatever I totally owe. Can I do this myself? Has anybody ever done it thyself and save $2300 I need help, am I making a mistake or doing the right thing. One way or another, I need to do something about my credit.

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Ted Batron asked:


Secure your credit card debts using credit card debt relief immediately if you want to put an end to your debts. Expenses are always increasing in great proportion to the income. Your grocery bills and gas prices would not go down and the increasing prices have left many people as debtors. Increasing credit card debts would mean an increase in the amount of loan you have to pay back. Nobody wishes to stay as a debtor. If you don’t secure your debts now, you will be scratched by your creditors at some point in your life. Therefore, it is best to seek credit card debt relief.

Paying your bills as one of credit card debt relief options

If you are able to pay only the minimum amount on all your credit cards, it is a sign that you’re buried with your credit card debts. When the credit card companies start calling you often, then you should be alarmed that you are going to fall into the pits of debt. Credit card debt relief steps should be taken immediately to recover from your dues.

The most sensible credit card debt relief option on this part is to pay back all your credit card bills every month. Chuck Hoskins from the website http://www.No-Debt.Net says that “basically anything short of paying your bill on time, and in full will affect your credit score. But you can minimize the impact of insolvency, avoid bankruptcy and get back in the credit good graces a lot faster by negotiating and paying rather than just avoiding your debt”. You have to cut down your expenses and start using your extra money to pay your creditors. If you are not taking appropriate steps for credit card debt relief, then your credit report will be badly affected.

Negotiate with your credit card company: a credit card debt relief alternative

Under tight financial situations, you may miss credit card bills for several months. This will result in accumulation of huge debts because the credit card companies will charge higher interest rates right then and there. One great solution that credit card debt relief offers is for you to talk with your credit card company and negotiate interest rates. When you have lower interest rates, you have to make lesser payments and you would be able to clear off your debts soon. Negotiating with your credit card company is a good credit card debt relief procedure for you and the company. Your credit card company would surely listen to you because they are also interested in getting their money back.

Debt settlement companies

There are many companies that would help you obtain credit card debt relief. These companies would mediate and talk to your creditors on your behalf. They would try their best to negotiate for the reduction of your loan amount. They would not take the responsibility to pay your bills, though. Their role in credit card debt relief is to help you get rid of your debts in an easy way.

Filing for bankruptcy as a form of credit card debt relief

The last option for credit card debt relief could be the possibility of filing for bankruptcy. If you have filed bankruptcy, you need not pay back your debts because you are declared insolvent. Filing for bankruptcy may not be a tough process, however the effects are painful. This credit card debt relief option would be present in your credit report for 10 years preventing you from acquiring any type of loan.

There are various credit card debt relief options. You may choose from one of these alternatives in order to stay debt free. Only a debt free man can live happily and spend his money in the way he wishes. Your personal freedom in this aspect depends upon your willingness to obtain credit card debt relief.



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William McConnaughy asked:


bt relief is not a benefit reserved just for the wealthy who can afford expensive attorneys. Anyone can find relief when a tax burden has become unbearable and there’s no way to pay. You can, and should, challenge taxes you don’t think are correctly assessed or when you don’t see a good way to pay the assessment.

Making Corrections

US tax debt relief can take many different forms depending on the situation. In many cases, the tax debt is created unexpectedly when you get a letter in the mail telling you there’s been an error on a return and you now owe taxes, penalties and interest. In other cases, the taxes are legitimate taxes owed from unfiled tax returns or unpaid taxes, but there’s simply no money to apply towards the balance due.

Returns that are marked for collection due to an error in the return are processed through a computer system that contains hundreds of automatic letters. It’s frustrating enough to find out you owe taxes, but the frustration level increases when you find yourself dealing with a computer. The IRS calls these computer generated letters and tax return adjustments the IRS Correction Program.

The IRS can make a tax assessment without review or notification. This is like a creditor deciding you owe money whether it’s true or not. Though the burden of proof is suppose to be on the IRS, the reality is the burden of proof has always fallen on taxpayer shoulders. So now you’re confronted with a tax bill for an unclear reason and a total amount due that’s rapidly changing because of penalties and interest.

What makes this whole scenario even worse is that the IRS will mail out collection notices they know are incorrect. The IRS is not infallible and makes mistakes, but their arrogance leads them to ignore what’s right and fair. Finding US tax debt relief is possible though when you use the services of an experienced tax negotiator.

Getting It Right

An IRS tax negotiator can help you deal with any tax debt no matter what source it may have. An experienced tax consultant can help you interpret the vague and confusing computer generated assessment and collection notices. The negotiator can also help anyone who legitimately owes back taxes and has no way to pay.

US tax debt relief can be found in a number of ways. In the case of correction notices, the negotiator can work with the IRS to get the invalid or confusing corrections verified, adjusted or eliminated. A tax consultant can also work with the IRS to settle a debt through an installment plan, or tax debt reduction or elimination.

There’s no reason to assume the IRS has correctly calculated your tax debt when you receive a correction notice. The best approach for finding US tax debt relief is addressing the problem as soon as you become aware it exists.



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Christina Costa asked:


When most people think about debt relief programs, usually what comes to mind is the act of taking out a loan up front. This is a debt consolidation loan and can be used to pay off all of your debts. That leaves you responsible for paying off just one loan instead of multiple accounts every month.

Did you know there is another way to get out of debt? A debt relief company might be able to work with you and help you to manage your debts.

The first step is your initial consultation with the company. Don’t feel nervous or uncomfortable because you are in debt. This is what they do, and you need to be upfront and honest so they can make a full assessment of your financial situation.

They will be able to give you the best recommendation for what the next step will be. Some companies work through email but I would recommend talking with a live representative on the phone. It’s best that you get to know the person you will be conducting financial business with.

Your debt relief company is going to determine whatever monthly amount you will be able to put towards reducing your debt. Obviously the more that you can put towards the debt, the quicker you will be able to settle with creditors. One goal of working with the debt relief company is to free up a little cash flow, so the amount you commit to will actually be lower than what you are paying monthly towards your debts.

Working for you, the debt relief company will go ahead and contact your creditors. They will now assume any communication that is necessary with them. Here is the difference from working with a typical debt consolidation loan program. A debt relief program is not going to force you to pay off all of the debt. Instead, they will help you to deal with the creditors and make arrangements for getting the debt paid off.

Now your monthly debt relief payments are going into an account that is used for repayments of your debt. As that account grows, the debt relief company is going to start making the negotiated payments to the creditors. Debt relief companies can usually settle your debts from 40 to 60% of your balance due.

Keep in mind that your credit rating might get hurt if the debts are shown as being settled for less. The debt relief program should keep you updated as to this happening, but also remember to ask them.

There are a few possible ways that your credit report may be updated with the credit bureaus. You have it either being settled, settled in full, paid or settled for less than the full amount. Make sure that your debt relief company has asked the creditors to update your status.

Now is not the time to be getting any deeper into debt, while working with a debt relief program. Remember, you are trying to get out of debt. As soon as you have paid off your debts, you will now be living debt-free. You do not have to live the rest of your life avoiding credit, just now you have a new start and you can manage it better.

Remember the steps you went through and stay within your limits. Keep the repayment well within your means and just use some caution and good spending habits for your future!



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Q asked:


The California mortgage forgiveness debt relief law is effective immediately. It is similar to federal law, but with important differences.
The California law covers qualified debt forgiven in 2007 and 2008, where as the federal law will soon cover debt forgiven thru 2012.

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evp asked:


1. of debt overhang.
2. that creditor governments and institutions are to blame.
3. that much was lent to poorly governed regimes.
4. all of the above.

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David Faulkner asked:


Thousands of people are constantly finding themselves deep in debt due to credit cards. Sometimes they find ways to come up with payments and are able to climb out of their financial hole, but there are other people who do not know of any other way out except to file for bankruptcy.

However, there are many other ways to get credit card debt relief besides filing for bankruptcy, but unfortunately, most people do not seem to be aware of these procedures.

Let’s take a look at how credit card debt builds up. Say you owe $20,000 on a single credit card. That might seem like a huge amount, especially if you do not have the means to pay for it. But the thing is that you did not really spend that entire amount during your shopping sprees. Probably more than half of that amount actually came from accumulated interest rates.

This brings us to the first and probably the best way you can get some credit card debt relief, and that is by negotiating with your credit card company to lower your interest rates. You would be surprised at how many companies would be very willing to grant this request, particularly if you have been with them for quite some time.

In addition to the interest rates, you can also request for them to lower your late fees. Some credit card companies might even be willing to completely waive your late fees if you commit to paying more than the minimum payment for the succeeding months. You can also have some credit card debt relief by requesting for an extension of payment lines.

If you do not have the convincing skills to negotiate with the credit card company on your own, you can always enlist the help of a credit card debt relief company to make the settlements for you. In addition to helping lower your interest rates, most of these financial agencies will also teach you how to manage your credit cards more efficiently in order to ensure continuous credit card debt relief.

However, when choosing a credit card debt relief agency, you have to be very careful as there are many crooks out there posing as helpful institutions but are really just stealing people’s money right from under their noses. It is always a good idea to select a credit card debt relief agency that has an excellent reputation and has been around for quite a while.

Still, if you want to get permanent credit card debt relief, the best solution is to learn how to use your credit cards more sensibly and how to keep yourself from making purchases that are way beyond your budget.

The second technique of achieving credit card debt reduction is by opening a new credit card account with a much lower interest rate. This might sound crazy, because why would you open a new account when you obviously can’t pay off the accounts you already have?

The answer is simple. You will be using this new card not to make new extravagant purchases but to pay off your old debts. Once you transfer your previous debts to the new card, you will obviously be paying a lower interest rate and you will be able to pay off your total debt in no time.



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gafami asked:


I’m concerned if I drop the debt relief service will my creditors (credit cards) APR sky rocket? Can I talk with my creditors after the fact of having a debt relief company to step in on my behalf. I guess I’m wanting to see what my options are???????

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jhereg07 asked:


Does anyone know or currently use creditsolutions.com or freedomdebtrelief.com and if they work?

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Ted Batron asked:


Counseling Practices for Christian Debt Relief

The term Christian debt relief can be misleading simply because it warrants debt relief for Christians only. Christian debt relief practices are actually based on age old Biblical connotations and hence, are all in good faith having the best interests of the customer in mind, irrespective of religion. Here are some of the common counseling practices used in Christian debt relief.

The debt in relation to Bible

The Bible says that one person cannot be serving two masters - God as well as money. Since serving God is paramount, Christian debt relief stresses on getting rid of all existing debts. The Christian debt relief concept emphasizes on taking up additional work. Thus, instead of a 4 or 5 day working week, one could work an additional day to earn more revenues to pay off debts. Additional skills can also enhance the chances of getting a promotion at work. This can lead to a better remuneration, thereby, helping to clear debts faster. The Christian debt relief also lays stress on the facts of the Bible wherein one needs to say no to things that are unnecessary. Therefore, it implies separating the needs from luxuries and buying only the essentials. That could mean cutting down on lavish dinners, buying fewer clothes and getting frugal. These are the main tenets of a Christian debt relief program.

Consolidation services as per the Bible

As per the Bible, debt is perceived to be slavery, and by all means, every Christian debt relief program focuses on helping the person get out of liabilities. That means, even when it comes to selecting a debt consolidation program, one must be judicious in their choices. While most consolidation programs offer a lower rate of interest, many of them have a hidden catch to them. The moment you default on payment or make a late payment, the rate goes back to default. So, all those balance transfer schemes may just prove to be costlier for you. As per Christian debt relief counseling practices, you need to read the fine print and then figure out if the consolidation program is really beneficial to you or not.

Managing your debts as per the Bible

The Bible teaches us to manage our spending patterns in an optimal manner so that when an emergency occurs we have sufficient money at hand. As per Christian debt relief programs, even investment in a fund management company may not be worth it at all. The way most fund management companies work is that they charge a fee to manage your finances and debts and make payments towards your bills. They basically end up having complete control on your hard earned money. You will be given a nominal amount to spend from. However, as per Christian debt relief counseling practices this is another form of slavery or dependency. You are entrusting your money into the hands of another organization. You can never be sure if your money is really in the right hands or not. Hence, the best Christian debt relief programs will advise you to take charge of your own debts and finances and manage them yourself.



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