Posted on December 3, 2009 at 10:30 pm Hello would you know what it's about - this "erase debt as seen on msnbc"?

Posted on December 3, 2009 at 10:48 pm Erase Debt As Seen On MSNBC? ...Isn't that a spam campaign?

Posted on December 3, 2009 at 10:59 pm Yes, and here are some more: the most recent malicious spam includes:-"What’s Your Credit Score? Get it Now!";-"Premier Loan Provider.com: The Cash You need Now; Loans up to $1500";- "Payday Loan Finder";-"An Online Loan Gives You Money Now"; - "A VA loan will give you a home";- "Are you drowning in debt? Get the cash you need";-"Credit In Crisis: Get Your Free Credit Report Today";-"Don’t let your lender foreclose";-"Legally Erase Your Debt - As seen on MSNBC".Source: http://mybroadband.co.za/news/Software/6087.html

Posted on December 3, 2009 at 11:21 pm Beware of those spamming tactics. If you want to legally erase your debt, know that you have several options: you can get a debt consolidation loan (only works if your credit is good, if not, forget it), you can enroll in a Debt Management Plan, you can do debt settlement, and if you really need it - you can file bankruptcy (only really recommended if you need the automatic stay protection.)

Posted on December 4, 2009 at 1:20 am Just to expound on what pop-up blocker has said:You can take out a debt consolidation loan to pay off your secured debts, granted that your credit is good; otherwise, you would be slapped with high interest rates.File bankruptcy, only after you've understood all the exemptions, as well as the types of debts that it would discharge. Bankruptcy does not discharge all debt types, particulary child support, and federal student loans. File bankruptcy if you are facing foreclosure, eviction, repossession, and other crime-related issues, so you can avail of its temporary protection (automatic stay).OTHERWISE, try credit counseling (Debt Management Plan) for your unsecured debt (credit card) that's not over $10,000. If it is over that amount, you can opt for a debt settlement.Both don't have as bad an effect on your credit - unlike a bankruptcy.

Posted on December 4, 2009 at 1:30 am Okay...How much would they cost? How long would they last?Where to find a company?

Posted on December 4, 2009 at 1:38 am Credit counseling is non-profit but their Debt Management Plan would cost around $25/mo. after the one time set up fee.Debt settlement companies would charge 15% of your total debt amount -spread over 18 months or they will take between 20-25% of the settlement amount.

Posted on December 4, 2009 at 1:42 am How long would they last?Where to find a company?A typical debt settlement program would last from 12 to 36 months.A debt management plan, 3 to 5 years (it might help you to know that the drop out rate on this is high, as 3-5 years is a long time, and with this economy, you'd find that people don't really have the job security that they had)As for the company, you can fill out a form here at destroydebt.com, avail of the free initial consultation, and get matched up to the right company.

Posted on December 4, 2009 at 1:44 am This is with regard to finding the rightcompany for you:For Debt Settlement Companies:-The settlement company's program must have a fast completion time. 12-36 months.-The program must be able to protect and improve the consumer's credit standing.-Must be a member of the Better Business Bureau, BBB, for at least 5 years.-Must also have a good standing with the Chamber of Commerce-A Member of TASC - The Association Of Settlement Companies and the IAPDA or theInternational Association of Professional Debt Arbitrators

Posted on December 4, 2009 at 1:56 am If so happens that you qualify for a debt management plan, here's the guidelines for finding the right agency: Credit Counseling Agencies (according to the BBB):-Before you select a credit counseling agency ask for information on the following:-Are the agency services confidential?-Will they devise a plan tailored to fit your needs?-Are the counselors certified?-Are budget and credit education opportunities offered?-Will your funds be protected? How?-Is the agency accredited?-Aside from BBB membership (www.bbb.org) the consumer should also check its affiliation with the National Foundation for Credit Counseling  http://www.nfcc.org.