Posted on
March 12, 2010
at
2:38 am
I am in need of help for my debt. Went online to research - but don't know how the heck to start.
Posted on
March 12, 2010
at
2:48 am
Need debt help - Hi there, first of, what is your debt type? It would be easier to helpyou if it's an unsecured debt.
Posted on
March 12, 2010
at
3:52 am
Need debt help - Also, calculate how much you owe in total. If you have a combination of unsecured and secured loan - separate their totals - as well as the interest rates.
Posted on
March 12, 2010
at
4:28 am
Hello, if you have mostly unsecured debt - credit card - it's not hard to find help.You can choose between credit counseling or debt settlement. The previous postsare correct - get your total amount of debt owed - as enrollment into thoseprograms is based on your account status and debt amount
Posted on
March 12, 2010
at
4:45 am
Speaking of credit counseling (Debt Management Plan) - it's a program that negotiates down your interest rates so you can manage your payments & getto the principle amount much quicker. Debt settlement, on the other hand, negotiatesyour balance down - to more or less half.
Posted on
March 12, 2010
at
6:01 am
You can also do a d.i.y. debt negotiation if you are skeptical of thedebt relief industry. Anyway, here is a guideline for you - if ever you decideto do it professionally - on how to find a legitimate credit counseling agency:(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.
Posted on
March 12, 2010
at
6:05 am
You may also do a balance transfer -but before you do so - take not of this::::
Questions to ask: balance transfer////1. Until when is the introductory rate or how long does it last?/2. What is the card's annual percentage rate after that introductory rate expires?/3. Does that introductory rate apply to transferred balances or just to new ones, or both?/4. Does that card have an annual fee?/5. Do they charge late fees and over-the-limit fees?/6. Are there balance-transfer fees?
