Posted on
April 14, 2010
at
3:28 am
bailout money for credit card debt, where can one find this?
Posted on
April 14, 2010
at
3:34 am
bailout money for credit card debt, where can one find this?--it depends on what you mean by bailout ... or from whom you're expecting it to come from ..
Posted on
April 14, 2010
at
4:35 am
bailout money for credit card debt may come from several sources. I hope you're not talking about the government. The government doesn't have any for private consumers. They had an economic stimulus plan for businesses, like banks - to at least, indirectly, help the consumers - should they enroll in debt relief programs. Before the economic crisis, banks/creditors were very wary of debt settlement, and because of the bailout money from the administration, they are more receptive to consumers opting to settle their accounts.
Posted on
April 14, 2010
at
4:50 am
bailout money for credit card debt- you can try borrowing from people you know to save from interest rates. You can also try finding a second job or any money generating projects. If you're unemployed, I guess collect unemployment checks (and apply them to your debt), if your situation is even more drastic, you can check out your local church and NGO offices ... before you think of anything drastic like filing bankruptcy. I think people shouldn't file bankruptcy if the debt is unsecured and the accounts haven't gone legal yet ..
Posted on
April 14, 2010
at
5:12 am
For credit card debt - there are two programs that could bail you out - even with little money. Your monthly payments under those programs would be significantly reduced. If your debt totals to $10k or higher and you haven't paid in months, you can try debt settlement. The program aims to negotiate your balance to more or less half within a year to three. On the other hand, if you owe $10k or less, and you're still current with your payments, and would like to maintain that plus get at your principal amount - you can do credit counseling, sign up for their Debt Management Plan, which aims to negotiate your interest rates - be debt free in 3-5 years.
Posted on
April 14, 2010
at
5:35 am
Re: Bailout money for credit card debt - how to choose the right company - -- for debt settlement, it used to be that a membership or accreditation with the Better Business Bureau is the way to be, but their ratings have become unfair to start up debt settlement companies, as they won't give a good grade to businesses that are not yet 5 years in operation. -- So don't be alarmed if a debt settlement company that you have chosen has an F or such ratings.
The BBB out of the way, here are some more ways to see if your debt settlement company is legitimate -- -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 also have a good standing with the Chamber of Commerce -A Member of TASC - The Association Of Settlement Companies and the IAPDA or the International Association of Professional Debt Arbitrators
Posted on
July 30, 2010
at
4:09 am
Check this out. ezinearticles.com/?A-Bailout-to-Eliminate-Credit-Card-Debt&id=2031533
