Suggestion for Debt Management !!

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

Jorden Andrew

Joined: 09 Jun 2009
JordenAndrew's page
Posts: 12

379 Magic Points

Subject: Suggestion for Debt Management !!

Thu Jul 30, 2009 9:48 am

Anyone give me some comments about my question.

After the Debt Management Plan is set up can I still use a credit card or apply for car finance if I budget for it?

Thanks in Advance.
_________________
Debt Management||IVA Advice

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Thu Jul 30, 2009 10:17 am

Hi Jorden

Normally when you are in a debt management plan the counseling company asks you to sign an agreement that you will not use your credit card while you are in to debt consolidation. However, some companies allow this in case of emergencies.
_________________
Keep in touch
Carol

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Thu Jul 30, 2009 12:23 pm

Jorden, Most will do as Carol suggest and ask you to not open up anymore credit accounts. Sometimes if a person voids this agreement they can be dropped from the program. Finally, please note that debt management will show up on your credit report, potentially making further credit more expensive and / or harder to obtain for 6 years. This is not saying you should not do it. I just wanted to make sure you were aware of this fact.

victorlawservices

Joined: 01 Aug 2009
victorlawservices's page
Posts: 1

101 Magic Points

Subject: FDCPA Free Attorney Services Against Debt Collectors

Sat Aug 01, 2009 6:50 am

FDCPA Free Attorney Services Against Debt Collectors

FDCPA is to protect consumers from abusive and federal debt collection regulation to Debt Collectors. If you have received a threatening letter, phone call, or personal visit from a collection agency or an attorney, collectionfighters.com can help you.

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.