Debt Management Info Blog

originale_tees asked:


I am thinking about signing on with them but not sure. If you have used them tell me about your experience with them.

mom24athome asked:


I want to eliminate the rest of my credit card debt. I see the ads for debt management services where they work with your creditors to reduce your interest rates, then combine all of your debt together, where you pay them one payment per month. My husband thinks this will reflect negativly on our credit report. Has anyone ever done this, and were you succesful in eliminating debt? Did it affect your credit rating in a nigative manner? I think that most people in America today, have alot of consumer debt, but I see many poeple who aren’t worried about it, and only pay the monthly minimums each month. I have been there before, but I am ready to pay it all off. What do you think? I would love to hear from anyone who has used these services before, or any other great idea to pay it all off, without taking out any more loans. Thanks!

Alan L. asked:


Just yesterday I received an unsolicited email about a a credit card debt cancellation service called DebtClear. Coincidentally, I’m now looking to get out of debt so it’s peaked my interest. However, I want to be careful. The program (called Court Mediation Services) explains how it can legally eliminate your debt (usually in several months) and get your credit re-established. Supposedly their organization is a team comprised of debt management specialist and debt attorneys… It sounds good but I have some suspicions. I filled out a simple opt-in form and they sent me to this url: http://www.debtclear.com/programs/5877587?nid=74923. I want to know if anyone has heard of this organization before or what kind of results they had with it. Anybody have any info on this?? Thank you kindly to all who can offer some help…

cricket asked:


i’ve heard and read about this debt consolidation services online but havent found any in the philippines. anyone know if this is available here?

jeffB asked:


My wife and I went to look at rental properties in Syracuse NY yesterday. After subtracting taxes, vacancy rate of 20% of gross rents, management fees of 10%, maintenance reserve of 10%, estimated water cost 5%, (utilities paid by tenants), and debt service on 90% of the full asking price, we are still coming up with positive cash flow at the end of the month.

The properties are in poor / bad neighborhoods. The current property managers don’t run credit checks because you would never fill any vacancies if they went on credit. The units are rented month to month with no lease. Of the tenants we saw they seemed to be very very low income.

The properties themselves seem to be run down (although I’m not a building inspector). I don’t want to be a slumlord.

Anybody else have experience with this? Advice?

ae asked:


If so please give me some pros and cons of using this.

nephthys76 asked:


I will not qualify for government grants. I cannot get another consolidation loan.

I do not want to use a debt negotiation service.

My credit is good right now. I have paid all my bills at or above the minimum on time for over 7 years, and any blips on my credit have just recently “dropped off” my credit report.

However, I am struggling, and things are about to get worse for me, and very soon I will start to be in the negative.

I need help that won’t ruin my credit score I have worked so hard to repair.

If you have used a Debt Management Program and did not have to pay any additional fees, nor make any payments until all of your creditors accepted you into the program, please pass the name along to me.

nursenansc asked:


I understand that no new credit lines can be open until debt is pain off using this service.

Ruffus asked:


I have a few credit card that are past due and I’m not able to make the payments.

What is the best debt consolidation company to use?

Keep in mind, I’m not a home owner.
I’m not a student and actually I’m looking for a better answer than the obvious budget and make more money.

chica123 asked:


I have a good amount of debt from College, and an ex that dumped a bunch of bills on me. I have a great paying job now, but got suckered into a debt settlement company that basically ruined my credit and stole my money and did nothing to help with my debt but just ruined it. I am looking for a debt consolidation service that I can use to pay off my debt. I have a great paying job and have been good with paying off other bills/car/cards in the past, I have just fallen behind on a couple of things and really need it sorted out.