I’m In Debt - What Are My Options?
“I’m in debt. How do I get out of it?” It’s a common question these days, and a problem that’s made no easier by today’s economic troubles ... consolidation loans; IVA and Trust Deeds. To some people, they’re just names – but to others, they’re a path ... consolidation loans. Rather than struggling to keep up multiple payments to multiple debts, many [more...]
Date: 2009-01-15 03:23:18
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I’m In Debt - What Are My Options?
“I’m in debt. How do I get out of it?” It’s a common question these days, and a problem that’s made no easier by today’s economic troubles ... . But whatever debts an individual is facing, they’re likely to have at least one debt solution available to them. Here, we take a look at just four debt solutions: ... [more...]
Date: 2009-01-15 07:31:02
I’ve talked the talk, but have I walked the walk?
With a name like “Debt Destroyer” it’s kinda implied that I’m spending my waking hours destroying debt. I wish that was the case ... * *I originally included a credit card balance in my initial debt total. But I always pay off ... to go out on a limb and say that I’m not alone in my debt reduction journey. How are you doing? Are you pleased [more...]
Date: 2009-01-08 15:04:31
Good News - Post Office to Layoff Only 40,000 Workers. Bad Time to Be In Delivery Business.
A friend called to tell me about the latest buzz of the postal service laying off 40,000 workers ... From Debt Collection, the Debt Collector, and Creditors I’m Afraid I’m Going To Get Laid Off. How ... of the country’s 1,300 post offices would be closed. According to the APA news agency, the company’ [more...]
Date: 2008-11-11 21:16:24
Jemma’s Story
I am a 21 yr old female who through depression the last 2 years I have spent all my money on bingo/slots online casinos etc now I cry myself to sleep because I’m so in debt. I can’t accept help which is my problem, I’m maxed out on my credit card and on my overdraft, I even got a loan out just simply because I could and practically blew [more...]
Date: 2009-01-14 11:11:16
Eliminate Debt
I have been reading a lot of articles on how to finally how to eliminate debt by whatever means ... , been negotiating with my credit card companies too for settlement on all of since I wanted to start ... debt, my debt as soon as possible. I’m just hoping now that my plans will push through the way I plan [more...]
Date: 2008-11-25 14:55:23
Showing Your Finances The Light of Day
This is a guest post from Scott Crawford. Scott is the CEO of DebtGoal.com, a do-it-yourself system for lowering your interest costs and getting out of debt ... and get visibility to their debt finances. How should I deal with my debt? I’m often asked what is the most [more...]
Date: 2008-11-25 16:13:00
Franken on Looming Credit Crisis
Al Franken’s been holding press conferences, roundtables and events around the state about where he stands on tons of issues ... in consumer debt, the average household’s credit card debt is over $8,500. I’m not sure why this isn’ ... said he would back a “credit card bill of rights,” crack down on predatory lenders and repeal [more...]
Date: 2008-08-14 09:21:12
How can I reduce my debt & improve my situation?
I’m upside down in my house, have about $38k in CC debt. I make good money, but wanna try to find a faster way to recovery. Most the consolidators want my situation worse in order to make it better… & they all seem ... payments. i have about $38k in credit card debt… virtually all are 6-8% apr…. except [more...]
Date: 2009-01-05 13:34:34
ChevGirl Write In And Says “My Marriage is Suffering Because of Our Debt”
ChevGirl wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... debt Consolidation? ChevGirl” Dear ChevGirl, Not that long ago i wrote an article about getting [more...]
Date: 2008-10-09 16:09:30
The stress of two mortages
If you’ve been following me here on Gather Little by Little over the past year or so, you’ll know about our quest for a new home ... our debt snowball to almost a standstill for a bit but we can do it. Here’s the problem though: stress ... very large chunks of debt associated to our names. I’m just not used to that. I find it simply [more...]
Date: 2008-12-02 11:54:15
American Profit Recovery
Two months ago, our credit card debt from Sears was over. I’m thankful to the Collection Agency that resolve this matters ... in this country. LOL! I'm just kidding! Speaking of debt collection, I stumbled upon a site ... more profitable, but change the fundamental way in which a collection agency operated. They have a proven [more...]
Date: 2009-01-10 01:07:14
the statue of limitations for a il resident
I am a resident in il, and received a call at work from a guy representing a company called rancho credit management in california ... . this sounded fishy and so i’m doing research. the credit card debt he refers to is indeed a debt i failed to pay which i don’t dispute and am fine with paying but he threatened wage garnishment etc [more...]
Date: 2008-12-11 15:49:05
Following the money
rdanThe NYT describes the beginning role of the committee and chairman Elizabeth Warren to follow the money, in addition to GAO report... ... she said. “You cannot repair this economy if you can’t repair those families, and I’m not sure ... and high debt have left America’s households extremely vulnerable.”Ms. Warren, on the law faculty [more...]
Date: 2008-12-04 11:31:00
Debt Consolidation
I’m sure that with the bad economy right now, a lot of people are piling up credit card debt in an effort to stay afloat. Credit card debt can quickly get out of hand and become overwhelming, though. That’s why Fast Debt Freedom is here to help with their unsecured debt consolidation plan! Their debt settlement [more...]
Date: 2008-10-02 03:42:45
Bonus Day!
Got my year end bonus today deposited to my bank account. SWEET! First order of business was to completely wipe out my credit card and line of credit debt. I’m on track this month to have my best absolute monthly net worth increase since I started recording [more...]
Date: 2009-01-15 18:49:31
Drugs are expensive - Call the WAMBULANCE.
This post is a rebuttal to a post located HERE. I think the post is well written, and I think the blog author is probably a nice person ( ... going into debt or staying sick. I’m sure this is not new news: Prescription drug costs ... from the poor health of our citizens? As a community, shouldn’t we care and pay for our grandparents – [more...]
Date: 2009-01-15 05:27:14
Lessons Learned From Losing a Quarter Million Dollars
About the author: This guest article is presented by Debtkid, who recently begun working part-time for LendingClub. He regularly writes at Debtkid about his journey to become debt free. A few years back ... up with over a quarter million dollars in debt because of my losses. I’m 25 now and have not traded [more...]
Date: 2008-11-26 12:30:53
20 Comments on the Current Economic Scene
1) There are firsts for everything. Americans paid down debt for the first time, according to a Federal Reserve Study that started in 1952. America has always been a pro-debt and pro-debtor nation. It goes all the way back ... year period. But, the Pilgrims did extinguish the debt. Us, well, I’m amazed at the decrease [more...]
Date: 2008-12-18 21:00:40
PIMCO Plays Chicken with Treasury
A friend Andrew, all around big firm Analyst, writes: “Correct me if I’m wrong, ... its GMAC debt for restructuring? Didn’t that effectively force the Fed to use clause 13(3) to save GMAC? As I understand it, a debt restructuring would have smoothed GMAC’s conversion into a bank [more...]
Date: 2008-12-26 16:14:16
How to Safely Build Your Credit History
I’ve heard from several high schoolers and early college students asking for advice on how to build up their credit history in a safe and ... and such, but I don’t know where to start. I’m worried about getting way into debt like some people ... (credit bureaus) that are in the business of collecting the information for credit reports - Experian [more...]
Date: 2008-09-23 20:00:35
Credit Score Checkup
Earlier this year I checked my credit report and score with one of the big three reporting bureaus. My score at the time was a 696 ... s one reason why I’m so motivated to bring my debt down. In 1 or 2 more years I want to refinance my 7/1 ARM ... faith phone call to collect the debt. I had no idea I was being billed and it’s not my fault [more...]
Date: 2008-12-11 15:48:31
U.S. household debt decreased
Yes, that headline is correct. U.S. household debt actually decreased in the third quarter of 2008—the first time it has happened since the ... our debt load every quarter of every year for over 50 years. I’m glad to see Americans can carry their debt. I hope your saving for a downpayment on a Boston condo. Wishful thinking? [more...]
Date: 2009-01-11 03:52:36
Battling to Rebuild New Orleans by June Cross
Battling to Rebuild New Orleans by June Cross For her Frontline documentary, airing Tuesday evening on PBS stations, ... . Meanwhile, she studied the shifting rules of the Road Home Small Rental Homeowners’ program ... , and now I’m in so much debt I can’t ever see a way [more...]
Date: 2009-01-06 15:37:53
The fates intervened.. & randomness
I had planned to spend the evening catching up on my day job, but after spending 2 hours this afternoon, and then breaking for supper, ... of it. Secondly: I’m within spitting distance of being credit debt free. I paid off the biggies today ... at the one teeny weeny little card that I have left. The credit cards, except for my debit card [more...]
Date: 2009-01-12 02:40:20
Thinking About 2009 Goals
Gosh. I hadn’t given much thought to my goals for 2009 till I saw NCN’s blog about his goal planning ... my goals for 2008 to focus on debt repayment. I’m still not where I really want to be so next year ... . As it is, I really want to make huge strides in my credit card debt. Ostensibly, I started [more...]
Date: 2008-12-18 17:05:53
OBAMA ANNOUNCES 2.5 MILLION JOBS CREATION PLAN
NEED FOR IMMEDIATE ACTION Following is a transcript of President-elect Barack Obama’s radio address for Saturday, Nov ... falling into a deflationary spiral that could increase our massive debt even further. While I’m pleased [more...]
Date: 2008-11-22 17:11:44
A Loophole for Medical Bankruptcy
In 2005, special interest groups pushed for, and obtained, ... for. But if you buy too much crap with your credit card, you’re on the hook, pal.What will happen bankruptcy laws ... and high debt loads? You connect the dots. I’m beginning to see where this whole “medical credit [more...]
Date: 2009-01-08 14:19:51
13 Years, 16 Lawyers, 10 Judges, No Divorce Settlement
In 2001, a Florida court awarded Marlene Forand a $240,000 divorce settlement, plus $6,000 per month in permanent alimony and attorney’s fees, ... e-mails. She sent one to Haas: “Why should I suffer and have to pay attorney’s fees to make him pay for what was already ordained in the Florida court? I’m still left holding the debt from the marriage [more...]
Date: 2008-06-24 12:09:24
An honest-to-God advocate gets a top job
No, not on the national security team — get real. And not exactly a top job — her power as head of a panel. . . ... of the nation,” she said. “You cannot repair this economy if you can’t repair those families, and I’m not sure ... , low savings and high debt have left America’s households extremely vulnerable.” She understands [more...]
Date: 2008-12-02 14:10:30
Bipolar Disorder & Me
I had every intention of doing a lot more talking about my bipolar disorder and how it’s affecting my life and how I’m overcoming it, ... and be applied toward my debt. One of next month’s paychecks will go toward paying off two other tickets ... to ~$75 worth of music (The Essential Trance Collection (6 CDs), DJ Irene Box Set Volume 2, and DJ [more...]
Date: 2009-01-14 15:01:50
Full Text and Video: President-Elect Obama Weekly Radio Address, November 21 | Stimulus Would Create 2.5 Million Jobs by January 2011
President-elect Barack Obama’s weekly radio address promises what sounds like meaningful economic stimulus - should Congress cooperate once he takes ... our massive debt even further. While I’m pleased that Congress passed a long-overdue extension [more...]
Date: 2008-11-23 01:55:56
Will Zealots and Foreigners Support the Market?
Tonight is the night… Lemon—U2 And I feel Like I’m slowly, slowly, ... , we have discussed debt-to-income ratios and how people are financing current purchases. One of the topics mentioned in the comments and in a recent thread in our forums is the large downpayments people [more...]
Date: 2009-01-07 20:30:15
“They’ve Asked Me To Take a Pay Reduction. What Do You Think?”
NoName wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... , rent townhouse in mid lease. I have no debt except my van which is a 2000 and I owe about 8 months [more...]
Date: 2008-10-09 19:53:09
End all your debts
The spender in me has strike again. I bought a new pair of Crocs “Alice” yesterday and I was like so high of its cuteness! Lol! Now, I’m thinking of a credit card consolidation for my debts, bwahahahaha! Do you think I have to apply for a bill consolidation loans to end all my card debts? Well, maybe I have to think [more...]
Date: 2008-10-23 02:31:52
Clinton Wants to Know “Am I Doing The Right Thing By Repaying My Debt?”
Clinton wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... . Is it true that my credit score will suffer even more by me paying back all of my debt? Will this prevent [more...]
Date: 2008-10-15 19:49:53
Terrance Says His Debt Problems Are Worse Than Anyone He Knows
Terrance wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... , and one credit card. Some happened before I was even 18. But I talked to a friend of mine who said [more...]
Date: 2008-11-12 18:51:44
2009 Forecast, More Banks to Fail, Retail Disappoints, Recession Stock Picks, Huge Tax Cut and More!
by Addison Wiggin & Ian Mathias How to profit in 2009: ... knows that the real economy stinks and we have too much debt. I doubt everyone realizes just how ... to reinflate old bubbles, I’m betting they can employ cheap Treasury financing to cushion the decline [more...]
Date: 2008-12-29 18:54:22
Trish Says “Credit Counselor Is Going Out of Business And I’m Late On Payments”
Trish wrote to me through the GetOutOfDebt.org site and asked the following question ... than maybe a credit counseling or debt management program might be worth investigating to see ... . If you have a credit or debt question you’d like to ask just use the online form. I’m happy [more...]
Date: 2008-10-16 17:35:29
Navy Tells Jonathan to Contact Me For Advice
Jonathan wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... to foreclosure, 1 vehicle repossessed, and 15 major credit cards maxed out and not paid for 2 yrs+. Everything [more...]
Date: 2008-10-09 02:53:22
Navy Tells Jonathan to Contact Me For Advice
Jonathan wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... to foreclosure, 1 vehicle repossessed, and 15 major credit cards maxed out and not paid for 2 yrs+. Everything [more...]
Date: 2008-10-09 02:53:22
Mary Lou Writes In And Wants To Know “Why Does My Credit Score Keep Going Down?”
Mary Lou wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... on one credit card and $7,300 on my car for a total of $12700. In January 2008, I owed over $26000 [more...]
Date: 2008-10-09 21:13:13
Mary & Bob Write In Retiring And Financially Concerned
Mary and Bob both wrote the me through the GetOutOfDebt.org site. If you have a credit or debt question you can write me for help also. “Dear Steve, I’m living on small social security check [more...]
Date: 2008-09-30 22:04:35
Time or Tithe?
I am writing this week about issues twenty-something people face financially, because I’m hosting tomorrow the Twenty-Something Carnival of Finances ... with student loan debt, credit card debt, a car loan, and fees typical of furnishing a place to live. Twenty [more...]
Date: 2008-11-16 14:00:52
Frugality in 2009: My New Year’s Resolutions
Happy New Year! I’m coming out of vacation mode just briefly, because it’s an exciting day ... s Resolutions, personal, financial and blog related. My first personal resolution for 2009 is to stop ... is to not acquire any new debt in 2009. This is going to be a big challenge, because I’m still earning [more...]
Date: 2009-01-01 11:00:53
Goals for 2009
After the whirlwind of a year I had in 2008, I’m looking forward to this new year ... to pay off $8,000 of debt from college. This year, I’d like to pay off and save at least as much. Help [more...]
Date: 2009-01-02 04:57:23
When You and Your Partner Don’t Agree About Money
This post originally appeared on March 11, 2008. I had just had a big fight with my husband about our finances, and I was a little irked ... incorporate it into our budget than pay off the open line of credit. I can’t help it. I’m trying ... . I’m angry because I feel like he isn’t being logical when he would prefer to keep our debt at 20 [more...]
Date: 2008-12-27 11:00:39
“I’m Going to Put a Judgment on You”
Often we hear reports from clients that a debt collector threatened to put a judgment against them if a debt was not immediately paid. This is a misleading statement and may be actionable under the Fair Debt Collections Practices Act and/or the corresponding Pennsylvania law protecting consumers from abusive debt collection [more...]
Date: 2009-01-04 21:06:20
Radical Reform for What Ails’ya
Incoming Speaker of the State House of Representatives Chris Donovan, “resisting a radical tag,” says about himself, “I’m a mainstream politician now ... of Sophie’s Choice: They can either raise taxes to liquidate the debt, or radically cut costs [more...]
Date: 2009-01-08 23:48:00
Time To Get More Organized
Each January I spent some time organizing my desk and my computer files ... gotten a lot of compliments on it and I’m sure it will help you as well. If you’re still ... . People seem to be extremely in debt, extremely overweight and extremely disorganized. People everywhere [more...]
Date: 2009-01-14 16:16:08
