Comments for Christian Debt Remedy http://lordforgives.com Fri, 03 Feb 2012 14:57:19 +0000 hourly 1 http://wordpress.org/?v=3.3 Comment on Why does debt relief always have a minimum of $10,000? by Preston L http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20051 Preston L Fri, 03 Feb 2012 14:57:19 +0000 http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20051 Debt relief scammers want to charge you a fee for their questionable services. If they can afford the commercials to tout their "services", the money has to come from somewhere and it's always the debtor who ends up paying. It's hard to charge you $499 or thousands in fees if your debt is small. Try a non-profit local credit counseling agency. Beware of scammers who claim to be non-profit, however. Check the BBB for their actual history. Be wary of any up front fees and the requirement that you pay the credit agency your monthly payments. Often, the money you give them disappears and you are still stuck with the debt. Be very wary. Scams involving debt relief are epidemic. Debt relief scammers want to charge you a fee for their questionable services. If they can afford the commercials to tout their “services”, the money has to come from somewhere and it’s always the debtor who ends up paying. It’s hard to charge you $499 or thousands in fees if your debt is small.

Try a non-profit local credit counseling agency. Beware of scammers who claim to be non-profit, however. Check the BBB for their actual history. Be wary of any up front fees and the requirement that you pay the credit agency your monthly payments. Often, the money you give them disappears and you are still stuck with the debt.

Be very wary. Scams involving debt relief are epidemic.

]]> Comment on Why does debt relief always have a minimum of $10,000? by Preston L http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20049 Preston L Fri, 03 Feb 2012 14:28:48 +0000 http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20049 Debt relief scammers want to charge you a fee for their questionable services. If they can afford the commercials to tout their "services", the money has to come from somewhere and it's always the debtor who ends up paying. It's hard to charge you $499 or thousands in fees if your debt is small. Try a non-profit local credit counseling agency. Beware of scammers who claim to be non-profit, however. Check the BBB for their actual history. Be wary of any up front fees and the requirement that you pay the credit agency your monthly payments. Often, the money you give them disappears and you are still stuck with the debt. Be very wary. Scams involving debt relief are epidemic. Debt relief scammers want to charge you a fee for their questionable services. If they can afford the commercials to tout their “services”, the money has to come from somewhere and it’s always the debtor who ends up paying. It’s hard to charge you $499 or thousands in fees if your debt is small.

Try a non-profit local credit counseling agency. Beware of scammers who claim to be non-profit, however. Check the BBB for their actual history. Be wary of any up front fees and the requirement that you pay the credit agency your monthly payments. Often, the money you give them disappears and you are still stuck with the debt.

Be very wary. Scams involving debt relief are epidemic.

]]> Comment on Why does debt relief always have a minimum of $10,000? by Mary http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20050 Mary Fri, 03 Feb 2012 14:13:02 +0000 http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20050 The people doing the debt relief process are going to add $1000 - $2000 for the service, so they want to make sure you have a debt large enough so that they can help you, and at the same time add more to your debt with their fees. If you only had debt of $2K and they charged you $2K, it would look really bad. The people doing the debt relief process are going to add $1000 – $2000 for the service, so they want to make sure you have a debt large enough so that they can help you, and at the same time add more to your debt with their fees. If you only had debt of $2K and they charged you $2K, it would look really bad.

]]> Comment on Why does debt relief always have a minimum of $10,000? by Mary http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20048 Mary Fri, 03 Feb 2012 14:00:51 +0000 http://lordforgives.com/debt-relief/why-does-debt-relief-always-have-a-minimum-of-10000/#comment-20048 The people doing the debt relief process are going to add $1000 - $2000 for the service, so they want to make sure you have a debt large enough so that they can help you, and at the same time add more to your debt with their fees. If you only had debt of $2K and they charged you $2K, it would look really bad. The people doing the debt relief process are going to add $1000 – $2000 for the service, so they want to make sure you have a debt large enough so that they can help you, and at the same time add more to your debt with their fees. If you only had debt of $2K and they charged you $2K, it would look really bad.

]]> Comment on Does Debt relief ruin credit score? by Ask M http://lordforgives.com/debt-relief/does-debt-relief-ruin-credit-score/#comment-19961 Ask M Tue, 31 Jan 2012 15:24:20 +0000 http://lordforgives.com/debt-relief/does-debt-relief-ruin-credit-score/#comment-19961 yes, they can make it worse www.creditinfocenter.com yes, they can make it worse

http://www.creditinfocenter.com

]]> Comment on Does Debt relief ruin credit score? by CHRIS V http://lordforgives.com/debt-relief/does-debt-relief-ruin-credit-score/#comment-19960 CHRIS V Tue, 31 Jan 2012 14:31:58 +0000 http://lordforgives.com/debt-relief/does-debt-relief-ruin-credit-score/#comment-19960 Do not use a debt settlement company/attorney. What most of these guys do is ask you to pay a certain amount each month into a savings account and stop paying your creditors. While they are accumulating enough funds to settle your debts, they become further delinquent and in many cases, charge off. Yes, they will attempt to stop the collection calls by sending in a limited power of attorney along with a cease and desist order. Most banks are tired of these guys and are taking stronger actions against the consumers that have signed up with them. I know of 4 large banks that will not deal with these types of companies/law firms, Citi, HSBC, GE Money, and Bank of America. In fact, if we receive the limited power of attorney along with a cease and desist from one of these companies, we immediately send it for legal action. So, in a nutshell, yes, your credit will be ruined, and you might get sued. If you are having a little trouble, try going through CCCS, credit consumer counseling. It is a non-profit organization that will negotiate a lower interest rate on your unsecured liabilities, but will make monthly payments. Good Luck. Do not use a debt settlement company/attorney. What most of these guys do is ask you to pay a certain amount each month into a savings account and stop paying your creditors. While they are accumulating enough funds to settle your debts, they become further delinquent and in many cases, charge off. Yes, they will attempt to stop the collection calls by sending in a limited power of attorney along with a cease and desist order. Most banks are tired of these guys and are taking stronger actions against the consumers that have signed up with them. I know of 4 large banks that will not deal with these types of companies/law firms, Citi, HSBC, GE Money, and Bank of America. In fact, if we receive the limited power of attorney along with a cease and desist from one of these companies, we immediately send it for legal action. So, in a nutshell, yes, your credit will be ruined, and you might get sued. If you are having a little trouble, try going through CCCS, credit consumer counseling. It is a non-profit organization that will negotiate a lower interest rate on your unsecured liabilities, but will make monthly payments. Good Luck.

]]> Comment on has any one ever dealt with a company called credit card relief? by sdn90036 http://lordforgives.com/debt-relief/has-any-one-ever-dealt-with-a-company-called-credit-card-relief/#comment-19921 sdn90036 Mon, 30 Jan 2012 03:17:45 +0000 http://lordforgives.com/debt-relief/has-any-one-ever-dealt-with-a-company-called-credit-card-relief/#comment-19921 This is the best advice I can give you. Go and speak with a bankruptcy attorney immediately. It's possible that all of your father's debts could be discharged in bankruptcy. Good luck. This is the best advice I can give you.

Go and speak with a bankruptcy attorney immediately. It’s possible that all of your father’s debts could be discharged in bankruptcy.

Good luck.

]]> Comment on has any one ever dealt with a company called credit card relief? by kissmymiddlefinger http://lordforgives.com/debt-relief/has-any-one-ever-dealt-with-a-company-called-credit-card-relief/#comment-19920 kissmymiddlefinger Mon, 30 Jan 2012 03:02:18 +0000 http://lordforgives.com/debt-relief/has-any-one-ever-dealt-with-a-company-called-credit-card-relief/#comment-19920 I hate to be rude but DONT PAY IT (and advise your dad not to pay it either) he is 81 and his ss is not garnishable He wont need credit as I assume he already has a house Probably wont be buying a car anytime soon. cancel his phone get a new phone in your name (so he wont get any more calls) He might get a summons in the mail...if he does, he goes tells the court he is indigent or that his only income is social security....the courts can't touch this.... If the house where he lives is in his name, he might need to transfer it into your name or that of one of your siblings if it is paid off to protect it....talk to a lawyer about that to be sure, (I am obviously not one but the laws of each state are a bit tricky so be SURE of this move) Do this and the bills are written ofd so what if he gets a 500 credit score....no mortgage company would finance him anyway for a 30 year loan.... What else besides the car and the house would he need credit for? I hate to be rude but DONT PAY IT
(and advise your dad not to pay it either)
he is 81 and his ss is not garnishable
He wont need credit as I assume he already has a house
Probably wont be buying a car anytime soon.
cancel his phone
get a new phone in your name (so he wont get any more calls)
He might get a summons in the mail…if he does, he goes
tells the court he is indigent or that his only income is social security….the courts can’t touch this….
If the house where he lives is in his name, he might need to transfer it into your name or that of one of your siblings if it is paid off to protect it….talk to a lawyer about that to be sure, (I am obviously not one but the laws of each state are a bit tricky so be SURE of this move)

Do this and the
bills are written ofd
so what if he gets a 500 credit score….no mortgage company would finance him anyway for a 30 year loan….
What else besides the car and the house would he need credit for?

]]> Comment on has any one ever dealt with a company called credit card relief? by Jen H http://lordforgives.com/debt-relief/has-any-one-ever-dealt-with-a-company-called-credit-card-relief/#comment-19919 Jen H Mon, 30 Jan 2012 02:31:06 +0000 http://lordforgives.com/debt-relief/has-any-one-ever-dealt-with-a-company-called-credit-card-relief/#comment-19919 I haven't done this...but a friend of mine just did. Credit Card Relief is just going to call the credit card companies and ask to "settle". That means they'll close the account and you won't be allowed to use it anymore, and in exchange, you'll only have to pay a fraction of the bill. My friend skipped the Credit Card Relief place and just called the credit card companies herself. She told them of the financial trouble she was having and asked if she could settle her account. They ALL agreed, she's paying less than half of her original debt and almost all of them agreed to a reasonable payment plan. I haven’t done this…but a friend of mine just did. Credit Card Relief is just going to call the credit card companies and ask to “settle”. That means they’ll close the account and you won’t be allowed to use it anymore, and in exchange, you’ll only have to pay a fraction of the bill. My friend skipped the Credit Card Relief place and just called the credit card companies herself. She told them of the financial trouble she was having and asked if she could settle her account. They ALL agreed, she’s paying less than half of her original debt and almost all of them agreed to a reasonable payment plan.

]]> Comment on Hello to all of you using credit cards. A question concerning those credit relief companies.? by bdancer222 http://lordforgives.com/debt-relief/hello-to-all-of-you-using-credit-cards-a-question-concerning-those-credit-relief-companies/#comment-19858 bdancer222 Fri, 27 Jan 2012 02:13:35 +0000 http://lordforgives.com/debt-relief/hello-to-all-of-you-using-credit-cards-a-question-concerning-those-credit-relief-companies/#comment-19858 Most credit repair/debt consolidation companies will take your money and trash your credit. They hold your monthly payment and wait till everything is 3 months past due. Then negotiate low settlement under threat that you will file bankruptcy. Some of the major credit card companies refuse to play and just sue you. Forget about the 401k loan. Very bad idea for so many reasons. You need to just bite the bullet and stop spending more than you make. Stop using the credit cards. Make a strict budget. Eliminate ALL the extras -- eating out, cell phone, new clothes, premium cable and internet, etc. Take every penny you can squeeze out of that budget and put it on the highest interest rate credit card, while making minimum payments on the rest. When the highest rate card is paid off, move to the next till they are all paid in full. Find ways to bring in more cash. Have a garage sale, collect alum cans, get a second job -- pizza delivery has flexible hours. Throw the extra money at those credit cards. If you really work at it, you can pay all that off within 3 years. Not only will you be out of debt, but you will learn some very good financial management skills. Most credit repair/debt consolidation companies will take your money and trash your credit. They hold your monthly payment and wait till everything is 3 months past due. Then negotiate low settlement under threat that you will file bankruptcy. Some of the major credit card companies refuse to play and just sue you.

Forget about the 401k loan. Very bad idea for so many reasons. You need to just bite the bullet and stop spending more than you make. Stop using the credit cards.

Make a strict budget. Eliminate ALL the extras — eating out, cell phone, new clothes, premium cable and internet, etc. Take every penny you can squeeze out of that budget and put it on the highest interest rate credit card, while making minimum payments on the rest. When the highest rate card is paid off, move to the next till they are all paid in full.

Find ways to bring in more cash. Have a garage sale, collect alum cans, get a second job — pizza delivery has flexible hours. Throw the extra money at those credit cards.

If you really work at it, you can pay all that off within 3 years. Not only will you be out of debt, but you will learn some very good financial management skills.

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