Archive for the ‘credit card debt’ Category
http://credit-card-debt-relief-4u.com will help you get out of credit debt relief fast by showing you how to deal with debt collectors and why you should avoid debt consolidation loans
Duration : 0:1:9
http://realworld-education.com Bad debt is like a ball and chain around your ankle which can drag you down. This lesson is designed to solve the debt problem. To get out of debt you need first to understand the problem and why conventional thinking will nor resolve it. If you have a credit card debt of just $10,000 (many people have much more!!) – it can take you up to 35 years to pay it off. Think about it… 35 years of you life paying off debt. Please watch the following video to see the truth about credit card debt. To read the full lesson on how to “Eliminate Debt” visit http://realworld-education.com/?page_id=205
Duration : 0:3:25
CreditCards.com’s Erica Sandberg relays a story about one memorable encounter she had as a credit counselor with someone who needed a reality check about her finances. See what you can learn from her story about Mary and her daughters’ horse riding lessons.
Duration : 0:2:13
George Parr – Credit Crunch
The ever growing Occupy Wall Street Movement in the U.S. is drawing more jobless and dissatisfied university students into its ranks. The record cost of national student loans and high unemployment are putting an unbearable burden on the backs of young people. RT’s Liz Wahl spoke to some of those already facing a future in debt.
RT on Twitter http://twitter.com/RT_com
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Duration : 0:3:9
Emilee New, of The Focus Foundation, shares details for managing credit card debt with 6 steps to help wipe it out and start with a clean slate. Go to www.focusonthefuture.tv for more details and information.
Duration : 0:6:17
I currently have around $40k of unsecured credit card debt. I am trying to do the right thing and pay them off.
I just wanted to know in the event I cannot pay it off at all, what would happen besides my credit score being hurt? I know in the event I cannot pay off secured debt like a mortgage they can take my house away, however any consequences for unsecured credit card debt besides my credit getting trashed?
thank you in advance for your time.
There are several consequences:
(1) Your wages can be garnished. In 45 of 50 states allow your wages to be garnished if a creditor succeeds in getting a civil judgement (the states that do NOT allow garnishments are Texas, Florida, North Carolina, South Carolina, and Pennsylvania). The amount can be taken from your paycheck is up to 25 percent (again, depending on the state you live in).
(2) Your state income tax returns can be seized. 41 of 50 states have a state income tax (the states that do NOT have a state income tax are Alaska, New Hampshire, Tennessee, Florida, Texas, South Dakota, Washington, Nevada and Wyoming). If a creditor succeeds in getting a civil judgement against you, they can send a notification to seize your state income tax return to the applicable tax collection office of your state (usually the state Treasury).
(3) Monies on deposit in a bank account can be seized. If a creditor succeeds in getting a civil judgement against you, the creditor can go to the court and request what is called a "non-periodic writ of garnishment". The creditor can then elect to send the writ to all of your creditors. This is an ORDER (not a request) to hold and then eventually turn over the funds to them. There are some exceptions to this rule. For example, there are funds that cannot be seized through a writ of garnishment – such as retirement funds (such as an IRA), protected federal benefits (Social Security, SSI, wages provided by the federal government, pensions provided by the federal government), funds in which another creditor has first right to the funds (such as funds that are being held by a creditor for a secured credit card).
(4) Liens can be forceplaced. For example, if you own a piece of property (such as a home, or vacant land), a creditor in some cases can forceplace a lien on that property for the amount that you owe. Then in some cases, the creditor can then foreclose on your property. This is risky for the creditor though – because if there is a 1st lien on the property, that creditor will have to pay off the 1st lienholder in order to take the property. You can see why that is risky in today’s age – because a lot of people own more than what their property is worth.
(5) Your financial institution will simply make your life a living hell until you either pay it or file for bankruptcy.
http://www.howtodebtsettlement.com/zero-debt.php
How To Settle credit card debt Yourself
http://www.howtodebtsettlement.com/
Duration : 0:2:46
Hey this video should spark your interest, how to get out of consumer credit card debt or any other type of debt. This video is all about debt relief and getting out of debt fast. I will be posting more videos as time goes to complete the series on debt relief and getting out of consumer credit card debt. So stay tuned and favourite my channel Out of the Lab to stay up to date.
Our full name is Out of the Lab Wealth consulting but I often just shorten it to Out of the Lab and it is cooler. As you may or may not know we help people with debt relief and just plain getting out of debt for good.
Duration : 0:7:10
Video showing people exactly what is involved when looking for credit card debt help and how to choose the best debt relief programs out there. It is a fun video letting people know what to expect when they search the internet for credit card debt relief. For more information about this visit http://www.youtcreditcarddebthelp.com/
Duration : 0:3:41