Debt Settlement Attorneys – Are Their Services Recommendable?

Many American companies have downsized their work force, eliminated jobs, and some have gone out of business altogether over the past few years. This has left many individuals unemployed or underemployed for extended periods of time. Personal debt has skyrocketed during this time, because of these dwindling incomes. Is it advisable to use the services of a debt settlement attorney if an individual’s personal debt becomes overwhelming? [more...]

Date: 2009-09-21 06:01:42

Blog posts (129) | Videos (126)
 

Authorized Users, Debt Settlement and Negotiating When You’re Unemployed

One of our readers, Jaclyn, had this question for us: If I removed an authorized user from an account, ... amount and attempt to settle your debt. However, most companies do not like to tackle debt settlement ... the offer to the collection department. Just be aware that if you do go past due in order to settle [more...]

Date: 2009-01-09 15:16:56

Debt Settlement Booming

Debt settlement has been one of the hottest topics on this blog, judging by reader response. Now a New York Times article confirms that credit card companies are settling debts for less than the full balance. The article does not refer to the debt settlement industry, except in a brief [more...]

Date: 2009-01-03 21:56:30

T3Leads - CPA Network Review

In the ‘make money online’ realm, there are literally hundreds of ways to do so, whether it be through blogging, e-commerce, affiliate marketing, ... ? T3Leads currently deals mostly with the following types of companies: debt settlement, credit cards, home improvement, insurance, tax debt, mortgage loands, payday loans, auto loans, and foreclosure. [more...]

Date: 2009-01-11 09:00:42

2008 Adsense & Analytics Figures

One of my goals with Debt Prison, besides using it to convince consumers to stop using credit, ... of the ads appear to be offering debt settlement or debt consolidation programs.  These companies are seeking readers to sign up for their program, where they stand to make thousands of dollars [more...]

Date: 2009-01-02 04:50:08

Debt Consolidation May Be A Option For You

With hard times everyone is going through in today’s market and almost everyone owing somebody, have you ever thought about debt consolidation? ... with credit card companies that she had no choice but debt settlement. By using Fast Debt Freedom Now, she was able to reduce her balances up to 50% and save thousands with unsecured debt consolidation [more...]

Date: 2008-10-02 14:15:00

Debt Settlement Companies: Friend or Foe?

These days, lots of people are swimming in debt with nowhere to turn, no access to credit, and no liquidity, with their credit scores shot… and they’re wondering what to do next. Someone I know who is in this predicament just recently asked me for some input. I told them that there are various paths to the same end: to get rid of your debt or to reduce it to some extent. [more...]

Date: 2009-09-09 06:49:11

How trust worthy is American Debt Settlement Group?

I talked to someone from that group with the address 7590 E Gray Road Scottsdale, AZ 85260 I want to know can I trust these people do help settle my credit card debt? How do I know it's not a scam? Stay away from any "debt consolidation" company that promises to cut your debt in half through debt settlement….This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. [more...]

Date: 2009-05-21 23:36:18

is it true if you use debt consolidation svc, they want your power of attorney to act on your behalf?

I've delayed getting help for credit-card debt because I was told by one company they want my power of attorney which needs to be notarized before I can do business with them. I think that's scary! Yes….this is true. Most want a limited power of attorney… Stay away from any "debt consolidation" company that promises to cut your debt in half through debt settlement….This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. [more...]

Date: 2009-06-18 06:21:17

Latest News in Credit Repair and Credit Score - Oct 8, 2008

Thumbs up for FICO revision - Baltimore Sun 2 Oct 2008 at 9:17pm F air Isaac Corp ... by the foreclosure wave. Two years ago, a 620 FICO score was … Ulzheimer: Why the ‘Debt Settlement’ Business ... companies offering to cut your debt in half and make one low monthly payment. If you are … Credit Crunch [more...]

Date: 2008-10-08 15:27:58

How to Chose A Debt Settlement Company That Fits Your Financial Needs

These five easy steps will help guide you in your search for a respected and accredited debt settlement company to help you out of debt responsibly. read more [more...]

Date: 2009-09-29 16:46:38

Debt Relief USA Sued for Millions by Texas AG

Texas Attorney General Greg Abbott today took legal action to recover $4.6 million that a bankrupt “debt settlement” company wrongly withheld from its clients in Texas and other states. In June, Debt Relief USA Inc. of Addison filed for bankruptcy protection in the Northern District of Texas. As a result, more than 2,500 financially distressed customers [more...]

Date: 2009-08-20 16:30:16

Family Finances: When you’re desperate, look out for fraud

At a recent home show, we were grabbed by a debt settlement company salesperson who offered to save us at least 40 percent in our effort to get ... Republican Searching For a Debt Consolidation Loan or Credit Card Counseling Service Beware Of Zombie Debt ... Collector? Bad Credit Debt Consolidation - Brutally Honest Advice Recent Debt and Foreclosure [more...]

Date: 2008-10-31 06:20:00

Consolidate Your Debt

Saving money is vital in our everyday living. I understand that for many people this is not easy because of inflation or simply the inability to make ... from in this company. You can use the services of debt settlement or counseling to review your finances and enroll in their Debt Management Plan. Another option is Debt Negotiation. This is the [more...]

Date: 2008-08-28 21:07:00

Think to resume electric car production

Norwegian electric vehicle (EV) manufacturer, Think announces today that the Norwegian courts have approved its debt settlement plan, enabling the company to exit court protection. This means Think  is back in business and in a position to resume normal operations in terms of the manufacture and sale of new electric vehicles (EVs), namely, its latest TH!NK City model. [more...]

Date: 2009-08-27 14:25:47

Authorized Users, Debt Settlement and Negotiating When You’re Unemployed

One of our readers, Jaclyn, had this question for us: If I removed an authorized user from an account, ... regularly reports your account activity to the credit bureaus then the removal should be reflected ... amount and attempt to settle your debt. However, most companies do not like to tackle debt [more...]

Date: 2009-01-09 05:11:55

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

Old Debt Settlements Can Come Back to Haunt with Large Tax Bite

Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt ... you for being so singled out)! Most of the time if you settle your debt with credit card companies ... as a result of cancellation of debt. The amount of forgiven debt will count as income. According to the IRS [more...]

Date: 2008-12-01 14:54:03

Energy Blast - Dec 17th, 2008

The highly-anticipated OPEC meeting is being held today in Algeria, where members and non-members, including Russia, ... to make progress in talks on natural gas deliveries to Ukraine in 2009 and the settlement of the country's 2008 debt. Mosenergosbyt, the state-controlled electricity sales company, says it is willing [more...]

Date: 2008-12-17 10:09:26

In major settlement, St. Louis Park company agrees to stop handling consumer arbitration disputes

Less than a week after being sued by the Minnesota attorney general’s office, the nation’s largest arbitrator of credit card and consumer collections has agreed to stop performing such work, state Attorney General Lori Swanson announced today. The National Arbitration Forum, based in St. Louis Park, allegedly deceived consumers into thinking it was a neutral arbitrator in debt collection, the lawsuit said. [more...]

Date: 2009-07-19 21:01:22

Credit Card Settlement Can Trigger Tax

Credit card banks may offer settlement at a reduced amount if you get behind and fail to keep current on your payments. My colleague, Doug Jacobs, talks about Negotiating Your Credit Card Balance in an earlier series of articles on this website. However, if a bank or other finance company agrees to settle a debt [more...]

Date: 2008-09-07 00:48:44

Top 1000 Keyword Mahal ADSENSE

1 conference calling companies $51.66 2 purchase structured settlements $51.48 3 home owner secured loan $50.36 4 mesothelioma patient $50 ... secured loans calculator $49.94 12 boston dui lawyer $49.87 12 student debt consolidation loans ... sacramento $47.02 54 instant car insurance quote $47.00 55 iva debt help $46.90 56 sell [more...]

Date: 2008-05-27 16:06:46

Debt Buyer Beware

If you receive quotes from anyone who does NOT ask you who your creditors are, you better RUN! With so many people in a financial hardship these days, many unscrupulous, untrained or ignorant people are jumping onto the debt consolidation band wagon… unfortunately this could mean big trouble for you! Did you know Citibank, Discover and Bank of America are much more likely to file a lawsuit against you if you make the mistake of enrolling into a bad debt setllement program over 24-30 months. [more...]

Date: 2009-09-29 15:22:37

The Entire Affordable Mortgage Rates Are Calculated Precisely

There are various methods where one can achieve anything and everything. My friend’s son at a very tender age is very insistent and wants to own all that his father has. He has great plans and dreams and wants to fulfill them in a beneficial way. Well, there are hundreds of youngsters these days who want to lead a comfortable life and settle in a luxurious way. My friend’s son (Daniel) is only 20 years old. He believes in earn and learn procedures. He is learning as well as earning. [more...]

Date: 2009-09-25 07:16:51

5 Tips to Ensure Success in a Debt Management Program

In the United States, a debt management plan is usually offered by a credit counseling agency or a debt relief company to people who need financial advice and guidance to pay off their debts. Under this plan, the professionals assist the debtors to obtain lower interest rates on their debts through proper negotiation processes with the creditors. Can this plan be 100% successful? Not really. Here are some important tips you must take note in order to ensure the success of this particular plan. [more...]

Date: 2009-09-25 07:16:41

Find Out More Information About IVA inside this Blog Post

The main advantage of the debt management companies is that they have the experienced in negotiations agents who are well aware of the ways that allow to make good deals with the credit lenders in order to arrange the debts of a client for less than the entire sums. This service comes usually instead of paying the money back in an entire amount. The reduction of the whole amount of debts in such a way is very good idea and it can really help you to avoid much stress. [more...]

Date: 2009-09-25 02:39:32

How to Be Aware of What Credit Counselors and Consolidators are Really Offering

This is a guest post from Matt B . Matt writes about all aspects of personal finance at Financial Methods . Please visit the site and let him know what you think. If you are at a point in your life where you have realized that the debt you lug around behind you weighs you down too much, good for you. If you are stuck at the beginning of the battle and not sure where to go next, just know that there are plenty of options. [more...]

Date: 2009-09-28 11:01:51

The Best Ways To Consolidate Debt

Amazon.de Widgets There are a few ways to consolidate debt but as to which one is suited for any one individual depends on their personal financial situation. ‘What is the best way to consolidate my debt?’, is a question that gets asked all too often in the offices of financial institutions, and the answer will vary to reflect each individual case and financial situation.In order to find the right cure it is imperative to have all the details of the illness; so the first step you need to take is [more...]

Date: 2009-09-27 20:40:39

Compare Debt Settlement Companies – How to Save Money and Find the Best Debt Settlement Companies

A significant percentage of the American population is in debt. If you are one of these people, chances are, you have started finding ways to pay off your debt and save money at the same time. A viable option that can provide both savings and debt relief is a good debt settlement program.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment - September 24th, 2009Military Payday Loan - See How [more...]

Date: 2009-09-25 06:01:15

Structured Insurance Settlements

If you are fortunate enough to be the owner of a structured settlement, then you have different options regarding how you handle your settlement. People who have structured settlement payments can choose to keep their settlements and continue to receive the same annual payments until it runs out or they can choose to sell their structured insurance settlement for a large lump sum amount of money. This second option is a popular choice for many people who are looking to get instant access to their money. [more...]

Date: 2009-09-25 04:25:04

School Loan Consolidation Facts

by Sarah Taslkinsten If you find that you have a lot of small loans, you might want to try to do a loan consolidation to gain financial freedom. Several people have turned to loan consolidations to help relieve the burden of debt . Of course your debt is not going to go away, but you can make your monthly payments smaller and get a smaller interest rate. Even though there are many reasons why to consolidate your debt, one of the better reasons is to get a better rate. [more...]

Date: 2009-09-24 17:09:55

Steps to make after getting out of high interest debt

After you have paid off all of your debt there are essential steps you must take for you to begin rebuilding your credit report. Many debt settlement companies or credit counseling companies do not take care of this for you. The burden of proving that your unsecured debt has been paid off is on your own merit. Now, you can find a organization to do this for you, but a lot of Americans can get t his done by themselves due to the fact that it’s something kind of simple to do. [more...]

Date: 2009-09-24 23:08:31

American Debt Control and Debt Relief USA Unfortunately Back in the News

Rollover USA-401K Rollover to IRA is a post from: Rollover USA-401K Rollover to IRA Interesting article worth reading out of Texas about debt settlement and the Debt Relief USA mess. People in desperate financial straits will sometimes go to desperate lengths to get out. And some companies use questionable practices to capitalize on their plights. The most recent example is an Addison-based company that promised to cut consumers’ credit card debt, [more...]

Date: 2009-09-25 11:54:00

Debt Settlement Companies – Compare Companies Before Getting a Debt Settlement

If you are in debt, and need the services of one of the many debt settlement companies out there, use caution! First know that there are many companies that are not on the up-and-up. Second, understand that just because debt settlement companies are legitimate, this is not an indication that they will get you the best possible settlement deal with your debtors.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty [more...]

Date: 2009-09-25 06:01:16

How Can You Fight Overdraft Fees?

Nobody is perfect. And for those operating on a tight budget, this could mean spending more than you actually have in your checking accounts at the moment. When this happens, your bank charges you a fee that usually costs much more than the actual purchase that caused it. But don’t fret. There are ways to get the bank to overturn these fees. What are the rules about these situations, and how can you fight overdraft fees? Here are 7 steps towards getting your overdraft fees removed. [more...]

Date: 2009-09-25 07:16:43

Find Out What Debt Validation Means And Why It’s Important

Imagine getting a phone call or a knock on the door, and when you answer it, a person called Victor says that he been authorized by someone name Joe to collect a debt that you owe him, and it’s true that you do owe somebody called Joe some money. Even if you had the money, and knew that you owed it, would you pay this new person on the scene? I’m pretty sure that you wouldn’t even consider for a moment giving Victor any money, until you were 100% sure that he was really acting on Joe’s behalf. [more...]

Date: 2009-09-26 20:20:24

A Few Simple Steps to Get Rid of the Credit Card Debts

September 26, 2009 | By Jack Porterfield In Finance | by Jack PorterfieldAlthough the economy is slowly emerging from the last recession, there are still several people, who are submerged in the pile of debts and by any means they simply want to get rid of that. One of the most common debts is the credit card debt. Are you also one of those people? Then don’t loose your hope, as you can substantially reduce or can even completely eliminate your credit card debt. [more...]

Date: 2009-09-26 18:03:12

My Bills Are Too High, Will A Consolidation Loan Help?

Amazon.de Widgets Bill Consolidation loans; otherwise known as credit or debt consolidation loans, are loans that are currently in high demand as people look for ways to shore up their financial situations, for what looks like at least another 18 months of financial uncertainty.Quite simply, bill consolidation loans are loans that pay off lots of smaller loans and debts that usually have higher interest rates. The benefits and value of applying for bill consolidation loans are;1#. [more...]

Date: 2009-09-28 11:44:10

Discover How To Make The Best Deals With Original Creditors

By Michael Redbourn There are lots of articles around that explain how to talk or not talk to debt collectors and many people think that they should handle negotiations with the original creditor in the same way, and that's absolutely wrong. The original lender doesn't have to help you at all, but if you handle the negotiations in the right way you might save yourself around 45% of your total debt, and you might get the very best comment on your credit report too. [more...]

Date: 2009-09-29 01:02:09

Debt Management, Debt Settlement And Debt Consolidation For Dummies

By Michael Redbourn If you've tried different get out of debt systems, and none of them helped, then it may simply be that you owe too much money relative to your income, and that nothing is going to help much except either reducing the interest and fees, or restructuring your debts completely, meaning not just the fees and interest, but getting the lender to reduce the total amount owed, and therein lies the difference between Debt Management and Debt Settlement. [more...]

Date: 2009-09-26 18:02:21

The Right Time to Use a Debt Consolidation Loan

Copyright (c) 2009 Liz Roberts The most preferred way to solve debt problem now is through consolidating debts with loan. It is the easiest way. By loaning a sufficient amount, all debt can be paid at once. And debt will stop from piling up. The borrowers will be set from pressure and embarrassment. However, the process of debt consolidation isn’t as simple as it may seem. True, debts can be settled at the soonest time and the borrower can regain peace of mind. [more...]

Date: 2009-09-25 07:16:54

Lawsuit Proceeds: Don’t Leave Home Without Them

Credit cards The settlement of a major lawsuit by a public company has generally not been used as a moment to comment on a company’s financial ... , in announcing a $1.8 billion settlement with MasterCard Inc. (after a similar, larger agreement with Visa ... While it is too early to assess the impact of these indicators, the antitrust settlement we’ve [more...]

Date: 2008-06-25 15:08:33

“I did see that Tina Fey was named entertainer of the year and Katie Couric’s ratings have risen. And I know that a lot of people are capitalizing on, oh I don’t know, perhaps some exploiting that was done via me, my family, my administration. That’s a little bit perplexing, but it also says a great deal about our society [more...]

Date: 2009-01-13 12:37:59

The Poverty Business

Sorry if this appears to be an older article, and not latest headlines, just thought it was interesting - loki The Poverty Business Inside U.S ... into Byrider, Tsosie drove off, jubilant, in a 1999 Saturn subcompact she bought entirely on credit ... access to credit has put cars, computers, credit cards, and even homes within reach for many [more...]

Date: 2009-01-15 00:45:24

Mirable Dictu! Regulators (Belatedly) Step to the Plate (Auction Rate Securities Edition)

Before you get too excited, the current display of regulatory vigor is almost certainly motivated by a desire to protect turf rather than new-found ... attorney general, using the Maritn Act, goes after a financial firm miscreant. Financial regulator ... the letters. New York Attorney General Andrew Cuomo said yesterday he had subpoenaed firms including [more...]

Date: 2008-08-21 09:42:33

Great Option

Great Option June 4th, 2008 — Loans I ran across the site NoDebtToday(dot)com recently and was quite impressed by the service that they provide ... and debt settlement, Payday Loan Help, Dealing with Collection Agencies all neatly separated ... with you about the section’s subject. For example, the collection agency forum not only has discussions [more...]

Date: 2008-06-04 14:24:14

Nortel Files for Chapter 11 Bankruptcy

In the about us page on Nortel’s website, they proudly state “Hundreds of millions of people, Fortune 500 companies, ... under the Companies’ Creditors Arrangement Act (”CCAA”) in Canada. As well, certain of the Company’ ... and debt burden, to effectively restructure its operations and to narrow its strategic focus [more...]

Date: 2009-01-14 16:02:05

All Kind Of Debt Consolidation Services - Credit Card Consolidation, Military Debt Consolidaiton, Christian Debt Consolidation, Bad Credit Debt Consolidation

Amazon.de Widgets As with some other profession, there module be good and bad in the debt settlement arena. Some agencies are more professed and more reliable than others. Often, it module be the improper direction of the authority that is the culprit when the authority does not deliver on its promises. Regardless of the reason for less than desirable results, possibleness clients module not be interested in excuses. [more...]

Date: 2009-09-25 13:32:32

Mushroom Cloud over Wall Street By Mike Whitney

Dandelion Salad By Mike Whitney 09/22/08 “ICH“ “One bank to rule them all; One bank to bind them…” These are dark times ... are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.” Right; “non-reviewable” supremacy. Congress, of course [more...]

Date: 2008-09-23 02:29:12

Jerry Brown Prohibits H&R Block From Marketing “Early Tax Refunds”

Oh snap! Just in time for tax season, California Attorney General Jerry Brown’s 2006 lawsuit against H&R Block has borne some fruit. He just reached agreement prohibiting deceptive marketing of tax refund loans: “The settlement ... Will the “settlement administrator” be contacting you about getting some money from H&R? Read [more...]

Date: 2009-01-02 21:54:57

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