Posted on
April 28, 2009
at
3:30 pm
Between a failing business, and some poor planning our monthly financial obligations have us at a loss of what to do. We bring in enough to pay our mortgage and utilities, but then it's all gone. Debt counseling companies can not work with us because there is nothing left to make a one time payment. I have a a large amount of money that is available to me, but not until this January when I'm eligible for a retirement buyout. I believe I can make good on my debts, but not until January! Is anyone aware of credit card companies working out a delayed payment option if you can show documentation that the money is there? Thanks ahead for any help.
Posted on
May 3, 2009
at
12:10 am
I personally have not had a company wait that many days. 30-60 days is common. However I believe your best bet would be to call up the companies you owe and ask to speak to a manager. The worst they can say is, "sorry we cannot do it". If you sit and do nothing your credit score will continue to go downhill.
Posted on
March 8, 2010
at
3:15 am
Seeing that your post was last January - I wonder how it turned out for you.But for the sake of others - with regards to an debt counseling and if there's an alternative to it - the answer is yes, and it depends on your debt amount and account status. Debt counselingcan either be credit counseling or debt settlement.
Posted on
March 8, 2010
at
3:44 am
another alternative to professional debt negotiation is a d.i.y. negotiation. If you're dealing with the original creditorsexpect that it'd be tough to settle with them (you might haveto have 75% of your total debt amount for them to sayyes to settlement). If it's with the collection agency, it's probably355-75%
Posted on
March 8, 2010
at
5:55 am
debt settlement as an alternative to bankruptcy and/or credit counseling.if your debt is $10,000 and above and your accounts past due - instead of havingyour interest rates negotiated (in credit counseling Debt Management Plan) haveyour entire balance cut into more or less half with debt settlement.
