Posted on May 17, 2010 at 12:39 am Hi im doing or trying to do a diy debt reduction and i was wondering if there's such a thing aspersonal debt stimulus from the government or ngo? whatever info would be appreciated, thanks!

Posted on May 17, 2010 at 12:48 am Personal debt stimulus - Hi there! The government doesn't have an official personal debt - stimulus for consumers, but they passed a law that would at least reduce the reasons why consumers get buried in credit card debts. But if you are interested in searching for what the government has for you , here's a link - http://www.usa.gov/Citizen/Topics/Benefits.shtml

Posted on May 17, 2010 at 2:41 am Personal debt stimulus- from NGOs? That may depend on your particular situation. If you're a single parent, pregnant, disabled, ... etc. You might want to check with your local government for a listing? Or your local church for those. That is if you are in such drastic a situation, if not, simple as it may sound - you can try and get a second job? An income generating project and then learn how to work within a really tight budget and whatever it is that you can save, you can apply to your debt.

Posted on May 17, 2010 at 3:01 am Hi, I agree with blacksheep, and if you need help with budgeting, here's a good site to read up about it http://www.debtfreedestiny.com/budgeting/free-sample-household-budget-form/

Posted on May 17, 2010 at 3:15 am Personal debt stimulus -  may come in the form of information - the more you know about what you can do, the better for you, learn more about your debt and what your options are here, http://www.payingpaul.com/debt-information.php

Posted on May 17, 2010 at 4:05 am hello just want to say that you don't need a personal debt stimulus to help you get out of debt, you have a choice between credit counseling or debt settlement for your unsecured debt.

Posted on May 17, 2010 at 4:08 am you don't need a personal debt stimulus- just to expound on what ispydebthas posted, if you owe $10k or more on credit card and your accounts are mostlypast due - it might make more sense for you to settle. Debt settlement may be donediy or professionally. Should you decide to enroll in a debt settlement program, and ifyou're wondering how much that's going to cost you: Debt settlement companies would charge 15% of your total debt amount -spread over 18 months or they will take between 20-25% of the settlement amount

Posted on May 17, 2010 at 4:32 am If you owe a relatively large amount, it might make more sense for you to settle. Debt settlement is about reducing your entire balance into more or less half, enabling you to be debt free in less than three years. If your accounts are past due or almost, it makes even more sense, as it is a testament that you really can't afford to pay the full amount anymore. This doesn't mean that if your accounts are still somewhat current and you owe $10k or more, you won't be admitted in the program. What's going to happen is that you might be asked to stop payments until your account charges off, gets passed on to  third party collection agency ... or if ever your original creditor, threatens to take legal actions against you, negotiate right an amount that you can afford right there.

Posted on May 17, 2010 at 4:35 am It does sound a bit tedious, isn't it? But if you have more questions and if you'd like for your debt to be assessed , destroydebt.com offers free consultation, just fill out a form here - and should you decide that debt settlement is the right program for you - match you up to a legitimate company too - free of charge!