Chargeoff credit card
- How to charge off credit card balances yourself, or get professional help from a debt settlement company.
Christmas credit card debt - Options on how to get help with too much Christmas credit card debt.
Consolidate student loan - Apply to refinance student loan debt for a lower interest rate and payments.
Credit card debt - Free help to get out of credit card debt and tips on how to avoid debt.
Credit card debt consolidation - Credit card debt consolidation quote to combine and lower monthly bills.
Debt collection agency rules - There are important facts you need to know before you contact; or are contacted by, debt collection agencies.
Credit counseling - Learn about credit counseling and how to choose a good company.
Credit counseling versus debt settlement - Decide which alternative is the best option for you.
Debt consolidation loan - Payoff bills with a debt consolidation loan.
Debt counseling - Lower monthly bill payments or reduce principal altogether.
Debt negotiation - Charge-off debt; reduce principal owed.
Debt negotiation sample letter - Do It Yourself debt settlement.
Get out of debt - Ways to get out of debt, either Do It Yourself or with a Company.
Government debt consolidation loans - Truth about government loans to pay bills.
Free debt settlement - Do It Yourself debt settlement to negotiate lower bills.
Joint credit card debt - Which spouse pays the bills (loans and credit cards) after divorce.
Negotiate debt settlement - Settle debt yourself with your loan and/or credit card company.
Nonprofit credit counseling - What to look for when choosing a credit counseling company.
Advantages of Nonprofit debt consolidation.
Nonhomeowner debt consolidation loan
options for nonhomeowners to pay off debt. Tips to Payoff balance
of credit cards and how to avoid the debt trap. Pay off debt
loan options and tips to pay off debt. Download our free Personal budget
software and instructions for our software.
Reduce bills free lower expenses. Reminders to pay bills
on time. Strategies to Repay payday loan.
Use our free software to Track expenses. Items
which qualify as Unsecured debt and how you
can combine bills into one monthly payment with Unsecured debt consolidation.
An Unsecured debt consolidation loan
may be best for paying off high interest debt, or you could Balance
Transfer Debt. Is your Personal
Debt Increasing? Debt
Settlement Facts about the negotiation process. Ending
the Debt Cycle with sound financial management and long-term planning. Economy
and Debt warnings. Debt
Consolidation and Debt Settlement differences. Pre-Bankruptcy
Credit Counseling per government legislation requires debtors to
first engage in credit counseling, AKA debt management. Divorce
and Debts on an Individual or a Joint
Spouse Account. Student
Credit Card Debts and options to Pay
Off Debt. Unknown
Debt Collection Agency calling and harassing
you about a debt you do not recognize? Know your rights and be alert to Consumer
Debt Late Payments. Debt
Settlement is one option for people to consider who are
too deep in debt for a repayment plan. Marriage
Debt-Lock - Wedlock could become Debt-lock. Avoid and recover from marriage
Bills VS Bad Debt In regards to loan repayments, there are good bills and
bad debt. Payoff
Credit Card Debt Solutions and alternatives and ways to stop more debt. Bankruptcy
Debt debts that can be discharged
by the courts. Fraud
and Credit Scams Target Debt People with big debts. Credit
Card Charge Off stats. Debt
Settlement Company FAQ - Can a debt settlement company really lower your
debt so you can pay off in a few years? Unpaid
Credit Card Debt - The amount of unpaid credit card debt escalates as
spending continues. Payoff
Debts Without Loans - Bills may be stacking up, but there are simple ways to
payoff debts and without using credit cards and loans, and without counseling or
to negotiate settlement. Long
Term Plan to Pay Off Bills - Long term plan to pay off bills and be debt
free within one year without counseling, settlement, nor a consolidation loan. $7000
Debt Question - I have about 7000 in
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collateral to put down on the loan . Is there anyone who can help me? What
Is Unsecured Debt Consolidation - the
advantages, pros and cons over counseling and chargeoffs, or should you
negotiate settlement? Credit
Card Balance Transfer Debt - How to avoid; and get out of, credit card
balance transfer debt. Manage
Debt Yourself - Do-It-Yourself tips. Should you charge off or payoff bills, consolidate or negotiate
settlement? Debt Solutions
- Which one is right for you; and best. Christian
Loans and 7 Year Debt - Why is unpaid debt removed from credit reports after
7 years? Why not allow bad credit report entries to remain long term, beyond 7
years? Stop Credit
Card Debt Abuse - Stop credit card abuse for greater financial security. Calculate
Debt And Payoff - some form of debt is OK. Debt Collectors
are negotiating settlements. Debt
Collection Statute Of Limitation - Read our article about the debt collection statute of
limitation for how long creditors, bill collectors and debt collection agencies
may legally pursue repayment. Money
To Payoff Debt - consider debt
consolidation to combine and reduce monthly bills, credit counseling, or perhaps
negotiate settlement to chargeoff debt at a lower amount. Free
Debt Relief Advice and the Statute
of Limitations Debt Collection Act on how to deal with debt collection agency harassment and
how to negotiate debt settlement. Debt
Relief Tips - resources to deal with debt and making plans for Short
and Long Term Debt Relief. Biggest
Debt Mistakes - Avoid common
To Reduce Debt options. Debts And
Bills tips to manage personal finances. Debt
Free Money - The government free money (stimulus checks). Tips to Stop
Debt Save Money. Debt
Collection Agency Negotiation strategies. Debt
Collector Verification sample letter and advice on how to get a debt
collector to prove you owe money. Ways to Stop
Credit Card Debt. College
Student Credit Card Debt statistics. Debt
Settlement Vs Debt Consolidation - What is the difference? Debt Loan
Advice - Consider offers and
apply for a loan to payoff debt. Creditor
Rejects Debt Settlement Negotiation - What to do if a creditor rejects your
debt settlement offer and refuses all negotiation. Can
Debt Collectors Put Me In Jail for not paying my bill? Being in debt is
not a crime. Payoff
Credit Card Debt or get assistance. Old
Debt Collections - Zombie Debt
Collectors will try to get you to payoff old obligations like credit card debt
Beware of Fake
Phantom Debt Collectors. Stop
Debt Collection Agency Calls - You have the right under federal law to stop
debt collection agency calls. Harassing
Debt Collector Fined - A harassing debt collector was fined $2.25 million.
Review federal regulations and rules that protect your rights. Credit
Card Debt Advice. Budgets,
Debt Management, Consolidation, Settlement, Counseling and Bankruptcy - Create a budget and learn about your debt relief
Card Debt Default - Interest rate hikes to offset high risk may be
increasing credit card debt defaults.
High Rate Credit
Card Debt - could result in bank credit
limit decreases, even higher rates, and subsequently maxing-out and getting hit
with over limit fees. Debt
Collectors Violating Do Not Call List send a cease and
desist letter or a debt verification.
Collection Agency Tips to
help you deal with harassing bill collectors. Credit
Card Debt Relief loans. Cant
Make Credit Card Payments - When you cant make credit card payments or even
pay the minimum due, you have options. Ways you can Get
Out of Payday Loan Debt. Free
Tax Assistance for Seniors and Low Income and Tax Debt Help - There could be
help for getting taxes prepared if you are low-come or elderly through the
VITA or "The IRS Volunteer Income Tax Assistance" program. Tax
Debt Help - The IRS offers free tax debt help to settle
for a lower amount owed without filing bankruptcy. Stop
Bill Collector Calls and Threats - stop debt agency harassment Sample debt verification and debt
settlement letters. Do
It Yourself Free Debt Settlement or Use a Debt Negotiation Company - pros and cons. Student
Credit Card Debt - make higher repayments. Chargeoff
Credit Card Debt and Rebuild Credit Score - It may take time, yet eventually
you can rebuild credit after you chargeoff credit card debt. Chargeoff
Credit Card Debt To Avoid Bankruptcy either yourself for free or by hiring a debt
settlement company. Settle
Credit Card Debt - negotiate a larger settlement amount. Free
Tips to Avoid Credit Card Charges. Debt
Arbitrators Code of Ethics - Review the Code of Ethics of the International
Association of Professional Debt Arbitrators. Free
Debt Advice - signs and how
to control, manage and payoff bills. Old
Debt used to indicate debt that was several years
old, but now it has another, new definition: debt owed by elderly persons.
Counseling VS Debt Settlement VS Bankruptcy Filing - your three big options. Review
before choosing. Who
Pays Joint Spouse Debt after divorce or during
marriage separation? Lower
Credit Card Balances - A federal government report reveals lower credit card
balances for consumers. Getting
out of Joint Credit Card Debt - Information about applying for and getting
out of joint credit card debt. Credit
Card Debt Relief Options - choose the one that is best for your financial situation. Get
Out of Debt Free and Fast - professional advice and Legitimate
Debt Relief, Consolidation and Settlement. Debt
Settlement Advice to reduce the principal amount owed (and possibly interest and fees) on
an outstanding debt in exchange for prompt payoff. Credit
Card Debt Settlement may be a good option if you
are burdened to the point of filing bankruptcy. What
Is A Debt Management Plan, Counseling,
Consolidation and Other Debt Relief Options. Debt
Management Counseling Info and Advice. Be careful as Credit
Card Charges can cause Long Term Loan Debt. Debt
Management Tips to get finances under control. Secured
and Unsecured, Paid and Free Debt Relief Programs -there are many debt
relief options both free and paid. Credit
Card Christmas Debt - options to settle holiday card charges. How
to get out of payday loan debt - repay or negotiate a payoff settlement. Debt
Management Plan Advice - through a debt management plan (DMP) you deposit money each
month with a credit counseling organization. How
to Tell Debt Collectors Not to Call - You have the Right to Tell Debt
Collectors Not to Call You. College
Debt Grant Question - What Grant programs if any can a
veteran apply to for student loan debt. Higher
Loans with Lower Interest Debt. Free Sample
Debt Settlement and Negotiation Letter to be used as a comprise letter to creditors.
debt collectors - many operate in
violation of federal law. Debt
Consolidation Loan or fnonhomeowner debt consolidation. Avoid and
Card Debt. Bill
Collector Bad Debt Collection - A new scam against credit consumers involves
debt collection agencies inventing past due bills and demanding repayment.
Inventing fake debt and trying to get money from consumers who don't even owe.
card debt cancellation letter - You cannot simply stop paying credit card
debts you had accrued. Even if you send your credit card company a cancellation
letter; and even if you tear up your card, you are still responsible. Debt
Glossary - Credit and Debt Definitions Dictionary. Help with holiday bills
Out of Christmas Credit Card Deb. Christmas
Debt Personal Loans - A long term debt consolidation loan to payoff
Christmas credit card bills or you could Chargeoff
Christmas credit card debt. Review all Ways
to payoff Christmas credit card bills and debts such as by using gift cards. Sue
a Debt Collection Agency and Reasons to Pay a Collector - Yes, you can sue a
debt collection agency for violating regulations. Bad
Credit Debt Consolidation Loan to Pay Off Credit Cards - I'm a non-homeowner
and I don't qualify for a debt consolidation loan. Is there a way I can get a
bad credit loan to pay off credit card debt? Debt
Collection Agency Contact Phone Number and Address - alphabetical listing of debt collection agencies with contact information such
as telephone number and/or mailing address. Use
Extra Money to Payoff Credit Card Debt or Put in Savings Account - I came into enough money to payoff my credit cards. What should I
do. Payoff credit card balances or put that money into a savings account? Signs of
Debt Relief Scams - To avoid scammers all you need to do is watch for telltale
signs and verify references from legitimate resources. Secret
Tricks Debt Collectors Use - Divorce, bankruptcy and even dead debt beyond
the statute of limitations can be resurrected as Zombie Debt through secret
tricks debt collectors use. Before
You Answer Debt Collector Calls - understand your rights and be wary of mistakes other people often make. Stop
Payday Loan Debt Borrowing - some people continually obtain these short
term loans because they are low on funds and have bills due. Medical
Debt Collection Dispute - If you received a medical bill you do not agree
with or does not belong to you, here is how to write a medical debt collection
dispute letter. Settle
Deceased Person's Debt - When a relative or other loved-one dies, you
certainly don't want to be hounded by debt collectors who are ghoulishly seeking
debt payment. Banks
that Offer Debt Consolidation Loans for Personal Bills - Review a select
list of banks that offer personal debt consolidation loans. Track
Down Original Creditor for Debt Collection Agency - Don't payoff someone
else's debt collection agency. Track down the original creditor to make sure you
owe the money. Non-Dischargeable
Debt Bankruptcy Lawsuit - You file bankruptcy to avoid repaying debts, but
then a creditor files a non-dischargeable debt lawsuit to ask the judge (court)
to determine the debt owed is non-dischargeable. Christmas
Debt Consolidation Loan - to payoff
credit card bills in full. How
to Negotiate Christmas Credit Card Debt Settlement - It's not unusual to go
into the holidays with debt already on your credit cards, and then adding yet
more charges. Smartly
Recover from Christmas Debt - What is the smartest way? Christmas
Credit Card Debt Statement - How your Christmas credit card debt statement
knocked the holiday spirit out of you? Debt
Help with Payday Loans and end the cycle or borrowing. Charge
Off Christmas Credit Card Debt - How to Charge Off Christmas Credit Card
Debt Yourself. Debt
Help Without Ruining Credit - ways to get debt help without ruining
credit scores and may even improve. What
Debts are Discharged in Bankruptcy - An example listing of what debts are
discharged in Bankruptcy, Chapter 7 and Chapter 13. Common
Debt Terminology Definitions. Junk
Debt Collectors of Old Bills are
relentless in their pursuit of profit. Debt
Help for Unemployed People. Debt
Help for Medical Bills.
Writing Off Debt
Legally and have it forgiven What
Happens to Debt After Seven Years Statute? -
After the limitation has passed, many negative items can be deleted from your
credit report. That includes things like late payments, debt collections and
charged-off accounts. Government
Debt Relief Company Rules - Federal rules to
protect consumer rights. Debt
Consolidation Loan for Bad Credit People - Lenders worry that if you are having trouble paying your
current bills, how likely will you be able to repay an unsecured loan? Is
My Debt Too High - Most everyone's debt is too high. Bad
Debt Management Company Red Flags - Avoid Companies which make extravagant promises and deliver little. You
can consult The Association of Independent Credit Counseling Agencies; a
national association of non-profit credit counseling agencies, for a list of
member companies. Members of the AICCCA must be non-profit credit counseling
agencies who are properly licensed to business in their state. Debt
Help for People on Benefits - Debt Help for People on Benefits, SSI or
Senior Citizens Payday
Loan Debt Settlement -
payday loans are one remaining life-line of credit for millions of Americans. Credit
Card Company Debt Hardship Program - How a Hardship
Program Works Reduce
Bills free on your own or you can get professional
debt reduction assistance online. Good
Bills VS Bad Debt -there are good bills and
bad debt. What items should you borrow money for? $10000
Loan for Credit Card Bills - Need a $10000 loan to payoff credit card bills?. Long
Term Plan to Pay Off Bills - Long term plan to pay off bills and be debt
free within one year without counseling, settlement, nor a consolidation loan. Money
To Payoff Debt. Biggest
Debt Mistakes - Avoid common
errors so you can reduce bills, increase your profit margin and payoff high
interest burdens like credit card debt without having to negotiate a settlement
or get credit counseling. How
To Reduce Debt and
balance transfer. Debts And
Bills - Free tips to manage personal finances. Spouse
Died with Credit Bills - What you should do if your spouse died and left
behind unpaid credit balances and other bills in the spouse's name. Free
Debt Advice how
to control, manage and payoff bills including a personal budget, credit
counseling, negotiate debt settlement or an unsecured debt consolidation loan. Go
To Jail For Not Paying Bill - Can you go to jail for not paying bills?
Credit Card Bills for Rewards - When you pay credit card bills on time, it's
not uncommon to be offered better rewards credit cards and lower interest. If
you cannot pay credit card bills, consider options. What
Is A Debt Management Plan. Counseling,
Consolidation and Other Debt Relief Options. Chargeoff
Credit Card. Need
Loan to Pay Bills - I hope I'm not wasting anyone's time, but
we are in a desperate situation and I'm hoping your company may be able to help
Credit Card Bills help to eliminate or pay
off Christmas bills. Ways
to payoff Christmas credit card bills and debts - You could use gift cards. Medical
Bills Bankruptcy Filing - You have options to file for medical bankruptcy:
Chapter 13, 11 or Chapter 7. Medical
Debt Collection Dispute - how to write a medical debt collection
dispute letter. Banks
that Offer Debt Consolidation Loans for Personal Bills - personal debt consolidation loans. Unpaid
Medical Bills Affect Credit Score - Currently unpaid medical bills are
identified on credit reports. Junk
Debt Collectors of Old Bills are
relentless in their pursuit of profit. Debt
Help for Medical Bills - Ways you can get debt help to handle medical bills.
Party Personal Loan Lenders Can Sue
for Debt Brought Into Marriage
Spouse Joint Debt and Divorce
and Stop Credit Card Addiction
Loan Debt Settlement
Rid of Medical Bill Impact on Credit Scores
Collectors Using FaceBook
Card Company Debt Hardship Program
How to sue a payday loan company if you have too much interest (fee) debt.
Good or bad credit auto loan quote. Apply for a new or used auto loan, or for car refinancing.
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Free Credit Offers: Get no obligation credit offers and receive alerts and tips to manage personal finances.
Home Loan: Stop paying rent and live the American dream.
Mortgage Refinancing: 2nd mortgage loan for remodeling, equity cash out or a debt consolidation loan.
Payday Loan: Get a good or bad credit unsecured loan with no credit check and no collateral.
Personal Loan: Short or long term personal loan.
Personal Finance: Create a personal budget, balance a checkbook, file bankruptcy and more.
Free Help: Personal finance newsletter, credit advice and tips.
Interest rates: National averages of credit card, mortgage, refinancing and auto loan interest rates.
Snowball Debt Payoff Method - The debt snowball method involves paying off debts from smallest to largest, regardless of interest rate. What you do is pay off the loan or credit card with the smallest amount owed, so you end up with fewer accounts to pay on.
Some recommend paying off a larger debt ahead of a smaller one when you owe the IRS, or if you are trying to stop a foreclosure.
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Depending upon your credit rating, you may qualify for a long term unsecured loan to pay off debt. If you have credit problems, consider a payday unsecured loan, which can be used as an emergency loan to pay off debt.
Here are solutions for help to payoff debt
Debt consolidation - With this program, you obtain a loan to payoff debt, and then you make repayments to the loan. This is a good option for people who can obtain a loan with a significantly lower interest rate than their current financial obligations. But don't forget about any application processing or other fees and charges which may occur.
Credit counseling - This is a no loan program, whereby a professional financial counselor gives you personal assistance in budgeting and payment reduction plans. The National Foundation for Credit Counseling can help you find a reputable, legitimate credit counseling organization. Their credit, housing and bankruptcy counselors are certified and trained in the areas of consumer credit, money, budget and debt management. The counselor should review your entire financial situation one-on-one with you, and help you develop a personalized plan to solve your money problems.
Debt management plans - In this program you deposit money with the credit counseling organization, which then uses your deposits to pay your unsecured debts (credit card bills, student loans, and medical bills), according to a payment schedule the counselor helped you develop with your creditors. The National Foundation for Credit Counseling can help you find a reputable debt management counselor.
Debt settlement - This program should be considered below all others, yet possibly above filing bankruptcy. The damage to your credit can be as severe as filing bankruptcy. The pros are that you can payoff debt faster by lowering the total amount you owe, and you can this far easier on your own than filing bankruptcy.
Bankruptcy filing - this is a legal procedure which should be considered last for people with extreme financial problems, and who have already completed a credit counseling or debt management program (per state requirements).
Filing bankruptcy has these cons:
You could lose property and assets.
Bankruptcy stays on your credit report for up to ten years.
It may be difficult; or impossible, to obtain credit
Other issues could arise, such as inability to get an apartment, a job or promotion, etc.
Your credit card accounts will likely be terminated.
Bankruptcy is a matter of public record.
You will have to pay court fees.
If you need a lawyer, you'll have attorney fees.
Rebuilding credit will be more difficult.
5 steps to
payoff debt racked up on credit cards
Find a card with a better deal...
Transferring a balance can save cash
Organize due dates to fit your schedule...
If your monthly bills overlap, arrange the payment schedule to fit your monthly budget flow and avoid those late payment fees.
Make a vow: No more late fees...
Credit card issuers are determined to whack you with big penalty fees.
Map out a payoff strategy...
Just paying the minimum and little else? Develop an effective plan for reducing debt.
Keep all your creditors
Credit card companies spy on your credit, so always pay those other bills on time. A black mark can trigger higher rates across the board.
Nonhomeowner wanting to payoff debt?
Even non home owners can enjoy unsecured debt consolidation without a homeowner loan.
Need more information? Read our financial and credit articles related to pay off, and join our online free
Need help making a loan payment? Many people are finding it difficult to make mortgage, credit card and other payments. If you're having financial difficulties; such as due to a job loss, a higher mortgage payment because of an interest rate reset or any other reason, it's important to take action, preferably as soon as you think you may not be able to afford your expenses. Consider moves that can enable you to make your payments. Look for ways to cut expenses (see Good Ways to Get Started Cutting Back). If possible, pay your bills using funds in your bank and brokerage accounts, and avoid withdrawing or borrowing money from your retirement savings. Keeping current on loan, credit card and other bill payments also will help minimize damage to your credit score (see Your Credit Score) which is especially important if your financial difficulties are because of a job loss. Why? Because as you apply for new jobs, employers may review your credit report. Contact your lenders if you anticipate payment problems. "Don't wait until after you can't make your mortgage payment or the minimum payment due on your credit card, because by then, you may have damaged your credit rating and you may have fewer options available for getting help," said Kathleen Nagle, FDIC Associate Director for Consumer Protection. Immediately contact your creditors and attempt to work out a solution. Be proactive if your payment problems have already begun. Remember, if you can't make your mortgage payments, you risk losing your home to foreclosure. You need to seek help...and do so fast... by discussing your options with your lender or loan servicer (the company that collects payments and performs other work for the lender, including negotiating new payment plans with borrowers who are late or delinquent on their loan payments). Or, you may first want to seek help from a trained, reputable housing counselor. To find one, start by contacting groups such as NeighborWorks America (www.nw.org) or by calling 1-888-995-HOPE (4673). You also can find a housing counseling agency certified by the U.S. Department of Housing and Urban Development (HUD) by going to www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm or calling 1-800-569-4287. (Also see President Announces Aid for Millions of Distressed Mortgage Borrowers.) Likewise, if you're having problems paying your credit card, student loan or other debt, contact your lender to work out a solution. And if you need help negotiating with a lender or otherwise getting a debt problem under control, consider asking an attorney, accountant or another trusted advisor to refer you to a reliable credit counselor who, at little or no cost, can help you develop a recovery plan. Many communities have free legal-assistance programs that can provide advice and referrals.
Credit Card Debt Relief without Settlement Negotiation: * Talk with your credit card company, even if you have been turned down before. Rather than pay a company to talk to your creditor on your behalf, remember that you can do it yourself for free. You can find the telephone number on your card or your statement. Be persistent. Keep good records of your debts, so that when you do reach the credit card company, you can explain your situation. Your goal is to work out a modified payment plan that reduces your payments to a level you can manage. If you don't pay on your debt for 180 days, your creditor will write your debt off as a loss; your credit score will take a big hit, and you still will owe the debt. Creditors often are willing to negotiate with you even after they write your debt off as a loss. * Contact a credit counselor. Reputable credit counseling organizations advise people on how to manage money, bills and debts; help them develop budgets; and usually offer free information and workshops. They should discuss your entire financial situation with you, and help you develop a personalized plan to get you out of debt. A new law requires credit card issuers to include a toll-free number on their statements that directs cardholders to information about finding nonprofit counseling organizations. Most credit counselors offer services through local offices, the Internet, or by telephone. Look for an organization that offers in-person, face-to-face counseling. Many universities, military bases, credit unions, housing authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling programs. The federal government maintains a list of government-approved organizations, by state, at www.usdoj.gov/ust, the website of the U.S. Trustee Program. That's the organization within the U.S. Department of Justice that supervises bankruptcy cases and trustees. If a credit counseling organization says it's government-approved, check the U.S. Trustee's list of approved organizations to be sure. * Occasionally, a credit counselor may suggest that you consider filing for bankruptcy. Declaring bankruptcy has serious consequences, including lowering your credit score, but credit counselors and other experts say that in some cases, it may make the most sense. Filing for bankruptcy under Chapter 13 allows people with a steady income to keep property, like a mortgaged house or a car, that they might otherwise lose through the Chapter 7 bankruptcy process. In Chapter 13, the court approves a repayment plan that allows you to pay off your debts over a three to five year period, without surrendering any property. After you have made all the payments under the plan, your debts are discharged. As part of the Chapter 13 process, you will have to pay a lawyer, and you must get credit counseling from a government-approved organization within six months before you file for any bankruptcy relief.
Turning to a business that offers help in solving debt problems may seem like a reasonable solution when your bills become unmanageable. Be cautious. Before you do business with any company, check it out with your local consumer protection agency or the Better Business Bureau in the company's location. One rule to remember is that if a credit repair offer seems too easy or just too good to be true, it probably is too good to be true. And knowing your rights can help you steer clear of rip-offs. For example, according to state and federal laws, companies that help people improve their credit rating cannot: • Make false claims about their services. • Charge you until the services are completed. • Perform services until the waiting period has passed. After you sign the written contract, you have three days to change your mind and cancel the services. If you've had a problem, the Federal Trade Commission (FTC) works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. To file a complaint or to get free information on consumer issues, call toll-free, 1-877-FTC-HELP (1-877-382-4357), or visit www.ftc.gov/ftc/consumer.htm. The FTC enters Internet, telemarketing, identity theft and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies in the United States and abroad. It's a good idea to contact your local consumer protection agency, state attorney general or Better Business Bureau, too. Many attorneys general have toll-free consumer hotlines. To find the number for your state's attorney general, check with your local directory assistance.
Money Management International is a nonprofit community service organization. Feeling Lost? We understand. Since 1958, Money Management International has been helping consumers find the tools and solutions to take control of their finances to live debt free. We provide: * Confidential Financial Guidance * Free Credit Counseling * Educational Resources * Debt Management Assistance. We Can Help You: * Create a Personal Action Plan * Manage Your Finances * Reduce Your Spending * Get Your Life Back on Track. Prefer to talk to a real person? You can reach us 24 hours a day, 7 days a week at 1-866-490-0437. Budget and debt counselor. Budget and debt counselors help consumers develop a plan to tackle debt. They can also help you create a spending plan. Budget and debt counselors advocate smart consumerism and believe strongly in the value of saving. Consider contacting a budget and debt counselor at the first sign that your debts are becoming unmanageable. Financial planner. Financial planners are professionals who offer investment advice. A financial planner may also be able to help by analyzing employee benefits, discovering insurance needs, and developing a system to manage cash flow.