debt management program
Prioritize Debt to Pay Off Debt Faster
Q: I have a fairly complicated situation but I’ll make it as simple as possible. I have some debt and I’m wondering how to prioritize it. I have a second loan from a past foreclosure for $32,000. I have been …
Ways To Reduce Debt if Loan Modification is Impossible
There are ways to reduce debt if loan modification is impossible. Homeowners trapped in debt and underwater on their mortgage have other options and way to reduce debt if a loan modification is impossible. Loan modifications are not the only option to reduce debt for underwater homeowners. Loan modifications are impossible for many underwater and in debt homeowners, those homeowners must find other ways to reduce debt. If a loan modification is impossible, homeowners in debt should focus on credit card debt, student loan debt, and other debt.
New HAMP Rules And Loan Forgiveness Anger Homeowner
New HAMP Rules allow for loan forgiveness for some homeowners who are underwater with their mortgage. Other homeowners, who are not struggling with their mortgage and don’t need loan forgiveness, might not understand the new HAMP rules. It may seem like loan forgiveness is letting struggling homeowners get off easy, but the new HAMP rules and loan forgiveness is the most promising option to help the economy in the middle of a housing crisis.
Debt Help For a Friend
If you are a generous person and your friend ask you to help with their debt, make sure you understand the consequences of helping someone in debt. If your friend is in over their head, in severe debt, owing more than his house is worth, and in danger of losing his property you might not want to get involved. By helping a friend with their debt, anyone could become a good Samaritan in debt too. Ilyce Glink offers resources that can help you deal with a friend in debt.
Small Business Scam? Can A Cold Call Save My Small Business?
Debt overload or overboard? A small business owner is facing off with the recession. On one hand, he has to refinance his debt to stay afloat. On the other hand, navigating the complicated waters of small business loans has him confused. A miracle phone call seems to answer all of his needs and provide him with the money he needs to retain his employees. How can you find out if an offer is a scam or if it can truly help save your business?
Debt Management Plan Can Help You Start To Make Payments On Time, In Full
A debt management plan can help someone whose credit history and credit score have likely already suffered either because their debt-to-credit limits are out of whack or because they have started to pay some of their bills late. As personal finance advice goes, a debt management program can help you improve your credit history and credit score by helping to encourage you to pay their bills on time and in full. However, some debt management programs are really scams and they will take your money instead of helping you pay your bills. Look for a reputable credit counseling service provider.
Ilyce Glink on WSB Radio – July 26, 2009
Today on the Ilyce Glink Show, Ilyce talked about the minimum wage increase (and who to call to find out whether you qualify), the stock market surge, cash for clunkers scams to avoid, $8,000 federal tax credit, Georgia State Tax Credit, and the DeKalb Down Payment Assistance Programs. She also took questions from callers like Tom who is upside down on his mortgage and needs to put a lot of money into his house to make it liveable. Ilyce says he may be able to try a short sale, but if he has any assets, his lender may be able to claim his assets to make up for what he owes on the house. Ilyce suggested talking to a lawyer or tax advisor to plan the best course. Another caller said that she’s been able to hire contractors and get home repairs done for very low prices, since so many contractors are looking for work right now. For a caller who is struggling to get back on his feet after 2 years of unemployment and $25,000 in debt, Ilyce recommends meeting with the CCCS of Greater Atlanta for a budgeting and counseling session. Listen to answers to these questions and more on the podcast and go to Ilyce’s blog for more show notes and helpful links.
Debt Management Program Misconceptions
Is signing up for a debt management program a good idea to get out of credit card debt? Will it affect your credit score? There are many debt management program misconceptions due in part to credit repair scam shops. But a debt management program can help you repair your credit history.
Homeowner Over Their Head In Debt
A new homeowner is feeling overwhelmed by their amount of debt. Although their debt ratio does not appear to be too high, there might be ways to keep the home. A debt counselor could help this homeowner keep stable until it’s a more profitable time to sell the home.
Shopping For A Debt Management Program
When searching for a debt management program, it’s always a good idea to contact at least two companies for comparison. Looking at two different companies will allow you to see differences in their approach, and will be able to compare costs.
