Archive for the ‘debt management counseling’ Category
A debt management Plan may be the right option for people who are really struggling to satisfy their debts. For confidential advice from an NFCC trained, certified counselor, call 1-800-388-2227 or visit www.DebtAdvice.org.
Duration : 0:3:55
Okay, so I’m about 12,000 in debt. I have three credit cards I’m currently paying on. I called a debt counselor and was hoping they could lower my monthly payments. I pay roughly 300 dollars a month to all 3 credit cards. I only get 900 dollars a month, so 300 dollars is a big chunk to have to pay 
So any how, when I talked to the lady she said I would be paying anywhere from 300 a month to 350! That’s already what I pay now! I just thought that debt counseling or management was suppose to help people lower their payments! I’m just confused as to what I should do. Should I just file bankruptcy?
Thanks
Kim
ok.i was in your boat about a year ago.in this kind of situation,i think you should consider debt settlement.now this does have pros and cons.now if you do go with this option,do your homework carefully.there are a lot of bad companies out there. now most companies settle the debt for about 40%+fee.now the advantge is that you end up paying a percentage of the debt plus fees over a payment plan period.most companies will charge 10-15%.so if they settle you would end up paying 55% of your total debt which is about $6,600.now it will impact your credit because you have to cease payments to the creditors and you have to close the accounts.once you settle the debt,youre score will go back up.this is much better than bankruptcy because it will not have the long term affects.now if you find a company that charges this much,you could do a 36 mo.plan would bring down your payments to about $185 per mo.hope this helps.
Before filing for bankruptcy, try seeking credit counseling. Learn about the repercussions of bankruptcy with tips from a consumer credit counselor in this free video on personal finance management.
Expert: Maria Enomoto
Contact: www.gotdebt.org
Bio: Maria Enomoto works as a credit counselor for Consumer Credit Counseling services in San Jose, California.
Filmmaker: Bing Hu
Duration : 0:3:34
Debating whether the United States has gone too far in accumulating debt, with Dan Mitchell, Cato Institute; Christian Weller, Center for American Progress; and CNBC’s Erin Burnett.
Duration : 0:6:34
If I do credit counseling/debt management plan, this will have a negative affect on my credit score. If I just don’t pay them, this also has a negative affect. What’s the difference?
There is only one credit councelling company you should consider
NFCC.org
This is THE government non-profit agency – no cost to you.
Go to the site – call their 800 number and make an appointment at a local office.
Reviews call them angels.
Of course, you can do this yourself.
Go to your library or bookstore and get a book on
Debt and Credit Repair.
All the TRICKS on how to deal with the creditors are there.
How to settle, negotiate, pay on delete, reduce rates.
A good book will cost you about 20 bucks – worth it’s weight in gold.
Also doing this may be less embarrassing than going to an agency to help you.
Do not, I repeat, do not go to a debt negotiation, settlement or consolidation company.
I consider these scams that easily ruin your credit and you end up in court anyway being sued. It’s these scam companies that truly ruin your credit. If you have questions – just ask here how they work. Keep in mind – that they have to make good money to stay in business – and you’ll be making them rich.
/
Get a free analysis to find out how much we can save you with our debt settlement & debt management programs
Duration : 0:9:51
Christian Credit Counselors is a national non-profit association dedicated to helping consumers achieve financial wellness through counseling and education. Established in 1990, Christian Credit Counselors has helped over 2 million individuals achieve financial security. Christian Credit Counselors is one of the top members of the American Association of debt management Organizations (AADMO). They are also HUD approved, Fannie Mae Certified and a United Way partner. They manage clients across the country. Personalized and confidential consultations are available in person, by phone or online. Visit Christian Credit Counselors at www.ibudget.org or
call 1-800-557-1985.
Duration : 0:3:50
Reporter Mark Huffman urges caution when considering a credit counselor
Duration : 0:1:1
My God! http://www.associatedcontent.com/article/1870129/debt_cancellation_prosperity_preachers.html
Duration : 0:2:28
Produced By: Bridget Antwi
A report detailing the importance of financial literacy and giving tools to get back on track financially – profiling Faith Life Financial, a Christian financial company and World Vision’s “One Life Experience”.
FEATURED IN REPORT:
Karen Bjerland-VP of Sales, Faith Life Financial
Meredith Thompson-Client, Faith Life Financial
Celia Desir-Advisor, Faith Life Financial
Paulette Kinmond-Senior Manager with Planned Giving, World Vision
Faith Life Financial
http://www.faithlifefinancial.ca
World Vision
http://www.worldvision.ca
Duration : 0:9:28