Posted on
February 15, 2010
at
2:13 am
what help can the government give with personal debt consolidation?
Posted on
February 15, 2010
at
2:26 am
what help can the government give with personal debt consolidation?Actually there's none (specifically). However there are debt relief programsavailable for you depending on your debt type & amount owed.
Posted on
February 15, 2010
at
4:30 am
Other than bankruptcy, I also do not know of the existence of a government debt consolidationprogram that could help with individual consumer's debt problem.
Posted on
February 15, 2010
at
4:32 am
There are, however, professional debt consolidation programs out there that couldhelp with you reduce or get rid of your debt. It's a matter of your debt type (securedor unsecured, amount, and account status)
Posted on
February 15, 2010
at
6:26 am
I agree, you don't really need the help of the government for debt consolidation -if you owe $10,000 and below, your accounts are still current but you arehaving a tough time with the interest rates - you can try Debt Management Planrun by credit counseling agencies. It will cost you $25/mo for 3-5 years.
Posted on
February 15, 2010
at
6:37 am
Speaking of debt consolidation - if you're debt amount is $10,000 and more - you canopt for debt settlement. Debt settlement, instead of negotiating your interest rates, willnegotiate your balance instead. Through the program (which runs for 12- 36 months) you canbe debt free and have a brand new start. It'll cost you 15% of your total debt amount (spreadover 18 months)or 20-25% of the debt amount.
Posted on
February 16, 2010
at
7:12 am
It seems that that government help for debt consolidation is trending in these threads..wonder why..
Posted on
February 16, 2010
at
7:13 am
That's because it's February. 2010. The
Credit Card Accountability Responsibility and Disclosure
Act of 2009. is to take effect...this month..
