ROMEPOWER asked:


What homeowners qualifies for this Law?
What kind mortgages?
Year of foreclosure? 2007 and beyond?
1st and 2nd Mortgages?
How this relate to the Deficient Judment law in Arizona?

Barbara

Kevin Muir asked:


As an alternative to corporate bankruptcy under Chapter 11, some companies seek help using business debt negotiators. While firms offering debt negotiation look good, you should be careful which one you use. Many of them are in trouble because of false claims and promises.

How Business Debt Relief Works

Firms advertising business debt relief negotiate reduced interest rates and payments to your creditors. Many troubled companies use them instead of going through a long formal bankruptcy process. If you go this route, all you have to do is pay the firm’s service fee.

Before you decide to use a debt relief firm, there are several things you should know. First, make sure this firm does not work the “collections” side of debt negotiations. This means they are working both sides of the equation. They may claim this gives them leverage. But you must ask yourself, “do they have my best interests at heart?” The answer is, probably not. However if you do want to use a debt negotiation firm, talk to several. Compare how much each one is going to save you and make sure you feel comfortable with their operations.

Second, consider that you can do your own negotiations with creditors as well. Be aware that it may be more difficult. Sometimes it helps to have a third party involved. If you negotiate yourself, your creditors may not give you much of a break and you will find it to be an emotionally trying experience. But you can handle matters yourself.

Some Tips On Doing Your Own Debt Negotiations

First understand that there are no debtor’s prisons. If you cannot pay your creditors because of a failing business, you are not a criminal. As long as you has not been involved in fraudulent activities, your creditors cannot threaten you will jail and they do not have the right to harass you personally.

Second, you must stand your ground with these creditors. Creditors will call you day and night. Each one will demand that you pay them before anyone else. Make the decisions that are right for your business’s survival. Determine your own priorities on who absolutely must be paid and in what order. Also do not ever post date a check to pay someone, even if a creditor asks for it. This can get you in bigger trouble. In fact sometimes, this can be interpreted as check fraud.

Third, do not make promises you cannot deliver on with creditors and collection agencies. Do not take money needed to operate the business and pay unsecured debts. Remember the only hope you have to pay your creditors is to turnaround your business. You cannot do this if the business does not run.

Finally, remember that most creditors would rather reach an agreement out of court as opposed to in court. Court caseloads are high costly and judges would much rather see these matters negotiated outside the courtroom. So stand your ground, don’t do anything illegal to get business debt relief, and focus on making a profit. You may just pull your business out of the fire.



Wayne

Narendra asked:


Credit card debt is starting to get out of control. These tips will help you get out of debt and even start saving money.

These days credit card debt is unfortunately a common problem. The buy everything you want now attitude and pay it later ?” is too often how credit card debt starts. In the beginning, making the payments to the credit card companies is not a problem ?” but as the credit card balances rapidly increase or the number of credit cards increases ?” this is usually when debt problems begin.

Now you’re weighed down with so much credit card debt that you don’t know what to do. The first step is realizing that the debt is a problem. Credit card spending is what got you into this predicament. Now it’s time to find some debt relief. Here are some practical ways to debt relief.

1. Get rid of your credit cards. Do not get any more credit cards or open up any additional lines of credit.

2. Implement a budget. This begins with a practice and honest look at where your money is going. Ultimately there should be more money coming in than going out. Track and record your spending habits over a period of time that’s at least a month. It’s critical to write down everything you spend ?” especially cash purchases. After one month ?” examine your spending habits and see what you can do without.

3. Budget your payments. After you have committed to removing unnecessary expenditures from your budget ?” use that additional money to put toward paying your credit cards.

4. Start by paying the credit card that has the lowest balance. Continue to make the minimum payments (or whatever you may have arranged with the credit card company) to the other credit cards. When the first card is paid off ?” start putting the same monthly amount toward the second card in addition to the minimum payment. For example, if you were paying $200 every month to credit card A and $50 per month to credit card B and $30 per month to credit card C. Once credit card A has been paid off ?” then start paying $250 to credit card B. When credit card B is paid off ?” you can then make payments of $280 to credit card C. you can continue to do this with your auto loan and then your mortgage. When all of your debt is gone ?” you can put the amount of the monthly payments into a savings or money market account.

If you know your debt is out of hand and you may have difficulty making even the minimum credit card payments ?” be proactive. You should call your credit card companies and explain your situation. It’s in there best interest to work with you and almost always ?” they will find a solution to the debt problem that is mutually beneficial. Then put these practical ways to get out of debt into action and you’ll be amazed at the results. Debt relief is just around the corner.



Caroline

kmcglidden asked:


there was one that i was looking at that was a 20 dollor a month donation to them and the payments you decided on. but i dont know tht name. does anyone know what im talking about?
it has to do with this subject because it is christan based program and im hoping someone in here will know.

Roberto

C = JD asked:


Or will it help the socialist dictators who keep their people poor?

Karen

scooby199 asked:


I heard there is a 2 year minimum for number of years property is owned in order to qualify for this relief. Is this true?

Alice

scammed:-( asked:


So I am working on getting my money back, to do so I have to prove that this company could not have worked on a case with the IRS like they have claimed to have done. The company has taken $1800.00 from me. I contacted www.taxcarepros.com on the web seeking assistance with dealing with the IRS about my past tax debt. Long story short, I handled my problem with the IRS on my own by arranging a payment plan. TaxCare Professionals at no point in time got my SS#, my W2’s, a signed Power of Attorney, or a signature on thier “Payment Agreement” form. I tried contacting TaxCare until I was blue in the face about canceling whatever they had started (because they had already taken money from my account). It wasn’t until a month later when they took another $900 from me that they finally spoke with me and told me it was just tough luck. I have proof of me dealing with the IRS on my own (a letter from the IRS). Could they have worked on a case without my pertinant info? please help my kids a xmas

Cathy

Staci P asked:


I want to get all my financials squared away with the IRS– anyone know the average rate those “tax relief” companies charge? Are they worth it??

Margaret

vanessa g asked:


?

Tonya