Posted on
March 17, 2010
at
1:41 am
This government debt reduction plan - what is it? Where is it?
Posted on
March 17, 2010
at
3:13 am
Government debt reduction plan - I'm guessing you are referring to debt reduction plans forindividual consumers? Sad to say, the government doesn't have any.
Posted on
March 17, 2010
at
4:39 am
There maybe no debt reduction plan from the governmental but there are affordableand effective debt relief programs run by private companies. Depending on yourtotal debt amount and account status - these programs might just be the relieffrom debt that you're looking for.
Posted on
March 17, 2010
at
4:54 am
I agree - if your debt is mostly unsecured -credit card -you can do either credit counseling or debt settlement.The advantage of getting into those programs is thatyou'd somehow have a guide or a partner in conquering yourdebt problems - as opposed to doing it all by yourself.You have probably attempted saving but have always succumbedto temptations or other pressures.
Posted on
March 17, 2010
at
5:03 am
It's not that you can't do a debt reduction plan all by yourself -I'm sure that's not what misteranderson meant - what he's saying is thatto get the best deal out of the collection agency (which can be verymanipulative and cunning) might as well get the help of the pros.
Posted on
March 17, 2010
at
5:05 am
misteranderson mentioned credit counseling and debt settlement - I don't knowthe difference. but my debt amount is over $20k and I've basically defaulted onmost of them - which is more suitable for my case? How much would it cost?What is the guarantee that it's going to work?
Posted on
March 17, 2010
at
5:07 am
Hi there, of course there's no guarantee that the program would work.It's a combination of commitment and will power on your part - andthe reliability and experience of the settlement company - if ever it works.So choose your company well. Run a background check.
