debt management programs

Should all of my tax return go to my credit card debt?

admin — Thu, 02 Feb 2012 04:31:07 +0000

Im 3000 in credit debt. I also have a 1,110 hospital bill. Should I just get a payment plan for the hospital bill and use the whole tax return ($900) towards to credit card. I dont use the credit card anymore and I havent closed it out. I make about 800 a month right now.

absolutely.about the hospital bill, you need to get in there soon as they will turn over to collections and collections charges enormous interest fees. working with the hospital generally has no interest fees.

Three Tips on Finding the Best Debt Settlement Companies

admin — Sat, 28 Jan 2012 05:30:54 +0000

http://www.debtfreeleague.com/
Great video with awesome tips on debt settlement to get the wisest debt reduction. Info helps you locate best debt settlement companies so you can sign up with the right debt settlement program. Courtesy of Debt Free League 800-213-9968.

Duration : 0:2:31

Technorati Tags: best debt settlement, Chula Vista, debt reduction, debt settlement, debt settlement companies, debt settlement program, florida, Los Angeles, New York, San Diego, Texas

Debt Management Tips : How to Live Within Your Means & Get Out of Debt

admin — Sat, 28 Jan 2012 05:30:51 +0000

Ways to live within your means and get out debt include creating a budget and eliminating frivolous spending habits. Eliminate debt by contacting a consumer credit agency when living beyond means with tips from a certified public accountant and credit counselor in this free video on debt management.

Expert: Jerrie Guthrey
Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992.
Filmmaker: Jack Guthrey

Duration : 0:4:31

Technorati Tags: bankruptcy, credit bureaus, credit card, credit counseling, credit report, debt, debt consolidation, loans, money

Lynne Weaver – Dealing With State Regulators

admin — Sat, 28 Jan 2012 05:30:47 +0000

http://getoutofdebt.org/22230/ – The presentation by Lynne Weaver from the North Carolina Attorney General’s office discussing debt management, debt relief, and how to deal with state regulators.

Lynne Weaver from the North Carolina Attorney General office joined us to discuss why debt relief companies appear on the radar of regulators, how to best deal with regulators, how to work with regulators, what companies most often do wrong that causes them to become targets of regulators and a whole lot more.

The presentation talks about how multiple states coordinate enforcement and how states work together to share information.

The attorney model is discussed and concerns that it presented and why it is on the attention of regulators. We also discuss why the advertising and public claims that seem unrealistic made create a red flag for regulators.

Duration : 0:46:43

Technorati Tags: AG, debt management, debt relief, get-out-of-debt, GetOutOfDebt.org, GetOutOfDebtGuy, Lynne Weaver, North Carolina, Office, State Attorney General, State Regulations, State Regulators, Steve Rhode

What is a Debt Management Program (DMP)?

admin — Sat, 28 Jan 2012 05:30:44 +0000

A debt management program is one way to consolidate your debt, and solve your credit card debt problems. Call and speak to one of our counselors today.

Duration : 0:1:27

Technorati Tags: debt consolidation, debt management, debt management program, DMP, what is a dmp, what is debt management

Does it hurt your FICO® score if you go to credit counseling?

admin — Sat, 28 Jan 2012 05:30:35 +0000

Going to credit counseling doesnt hurt your FICO® score — as long as the agency pays your bills on time! Find out more in this video, where Darcy Sullivan and Craig Watts answer one of your questions about FICO® scores.

Duration : 0:2:24

Technorati Tags: Craig Watts, credit counseling, credit score, Fair Isaac, FICO, Fico Score, FICO Tech Talk credit, myFICO, Predictive Analytics, repayment, Scores, scoring, tech talk, utilization

DebtConsolidation.flv

admin — Sat, 28 Jan 2012 05:30:33 +0000

http://research.smeal.psu.edu/ Smeal College of Business professor Lisa Bolton and co-authors put together a free video intervention based upon their research in debt consolidation loan advertising. The purpose of the video is to help advocates such as credit counselors and schools create and/or improve informational messages about debt consolidation.

Duration : 0:9:21

Technorati Tags: DebtConsolidation

What happens to credit card debt after death

admin — Sat, 28 Jan 2012 05:30:22 +0000

A loved one’s death is traumatic enough, but when the deceased leaves behind credit card debt, it can mean even more headaches and stress. CreditCards.com’s Dana Kochnower takes a look at what happens to credit card debt after death and who is responsible for repayment.

TRANSCRIPT:
Voiceover: As the recession drags on, more and more Americans are having a difficult time making ends meet.

David Jones, president, Association of Independent Consumer Credit Counseling Agencies (AICCCA): “We’re seeing people with a lot of debt these days. More than they have had in the past.”

Voiceover: And it’s hitting older Americans especially hard. According to a survey by the Federal Reserve, about half of all households headed by someone aged 55 to 64 carry credit card debt. And more than a third of those headed by someone aged 65 to 74 are also carrying credit card debt.

It’s an issue, Jones says he’s seeing more these days…

Jones: We’re also seeing a shift of difficulties with older Americans. They’re reaching retirement age or have already retired, so, yeah, it’s a serious problem.”

Voiceover: If an older parent or spouse dies, sometimes they leave some of that credit card debt behind. So who is responsible for paying it off?

Elder law attorney Ron Fatoullah: The debt does not die when they die. Their estate would have to pay off their debts… certain things get paid off first… There’s funeral expenses, that’s a priority. There’s administration expenses to administer the estate. Of course, the US federal, state, local taxes get paid.

Voiceover: Here are the basic rules… If a card was in an individual’s name only, then only that individual is responsible for the debt. If the account is a joint account, then the surviving account holder is responsible. If someone is an authorized user but not a joint account holder then that person is not responsible for the debt. The exception to the rule is in states with community property laws.

Fatoullah: During the lifetime of the husband and wife, the assets are considered each other’s. And as they grow, it’s their joint asset — that’s the community property aspect of it. So when one of the spouses dies, in many of the community property states, the surviving spouse, whether it’s a husband or wife, will be responsible for the debt of the deceased spouse.

Voiceover: If there’s not enough money in the estate to cover the debt, Fatoullah says it’s tough luck on the creditors.

Fatoullah: Credit card companies can call, they can cry, they can moan, but those debts will not be paid

Voiceover: Still, Jones says, it doesn’t always stop credit card companies from trying.

Jones: Collectors will do almost anything to collect the debt. That’s their job, so consumers need to understand that and not be intimidated. That’s the big thing: Do not be intimidated by threats at all.

Duration : 0:2:58

Technorati Tags: credit card debt, death, debt, money, Personal Finance

Debt Settlement Information

admin — Thu, 19 Jan 2012 17:33:27 +0000

http://debtsettlement.com provides consumers with debt relief advice and solutions.

Duration : 0:2:7

Technorati Tags: bankruptcy, credit card debt, credit help, debt, Debt Negotiation, debt relief, debt settlement, iva, Personal Finance, settlement

What To Expect When You Start a Debt Management Plan

admin — Thu, 19 Jan 2012 17:33:24 +0000

Mike Sullivan, Director of Education, discusses what a consumer can expect when he/she starts a debt management plan.

Duration : 0:8:4

Technorati Tags: credit counseling, debt, debt help, debt management, take charge america