Posted on
February 17, 2010
at
3:24 am
Does the government have a stimulus plan/project/grant/aid for credit card debt?
Posted on
February 17, 2010
at
3:29 am
Does the government have a stimulus plan/project/grant/aid for credit card debt?-Not directly. Meaning, the government did release funds but they mostly wentto industries that are in the business of lending (like credit card companies) - to keepthem afloat - and to make way for debt settlements.
Posted on
February 17, 2010
at
3:55 am
I agree - thanks wildboyz for the link - let me just high light a statement from there:
While it’s true that the Federal government does give out billions of dollars in grant money every year, most grants are given to help students pay for college or for specifically defined reasons such as for research or to businesses in particular industries
Posted on
February 17, 2010
at
5:48 am
Stimulus for credit card debt - doesn't exist. However, there are private companies thatoffer debt relief for unsecured debts (credit card etc) only but not for secured debts.
Posted on
February 17, 2010
at
5:59 am
What are these debt relief options? How safe is it to use? Do them..
Posted on
February 17, 2010
at
6:16 am
Debt relief (instead of stimulus) for credit card debt -1) You can do credit counseling (Debt Management Plan) if you're debt amount is notthat hight, $10,000 below, your accounts are current, but you're having a tough timekeeping up with the payment because of high interest rates. A DMP aims to negotiateyour interest rates down to help you along with your principle amount.2) A debt settlement, on the other hand, aims to reduce your total balance to more or less half.It's requirements are a debt amount of about $10,000 and almost past due/past due accounts.
Posted on
February 17, 2010
at
6:31 am
How safe it is to entrust your settlement to a company? It depends on whether the company you have chosen is "legitimate" - one way to find out is if it meets these qualifications:-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
