Debt management

Description

Debt Free

Submitted by jamesusa on Sat, 08/22/2009 - 17:43

Debt Free Living is a dream that everyone lives. The problem is we do not put sufficient efforts to make it a reality. We would like to see Debt Free America, therefore we have consolidated a number of services for Americans. You can select any of the services we provide. If you do not want to use our services, you can go ahead and read our Debt Advice to Become Debt Free.

Collection Agency Issue

Submitted by coreyj on Wed, 08/19/2009 - 18:33

Appears I originally put this in the wrong forum. Sorry.

I recevied a call from a collection agency indicating they had a very important matter to discuss. In calling them back, they indicated that they have a debt in my name for approximagely $8600 from a HSBC credit card account. I indicated I had not idea what they were talking about as my wife handled all the bills. They indicated they could settle outright for $6000 or $3500 and setup a payment plan. I indicated I would have to get back to them to research the problem.

How can debt management help?

Submitted by advisoryline on Tue, 08/11/2009 - 12:19

Hello All I am newbie in this forum.

If you owe money and are finding it harder to meet your payments every month, then a debt management plan can help you. This is an informal agreement between debtors and creditors whose main aim is to help clear debts at a reduced level and over a fixed period of time.

Please provide me some comments on what I have written.

Curious whats right for me

Submitted by Anonymous (not verified) on Mon, 08/10/2009 - 14:13

I have roughly 40k in debt over a few credit cards and a personal loan. I have been making payments on time and actually am not behind at all on any payments. I will be buying a home soon and am worried that all my bills will make things very tight. I was thinking of going the debt managment route as I really dont want to get yet another loan to consolidate. I'd like to just have one monthly payment with a reduced balance on what I owe the various companies. My credit rating is good, middle of the road but still good. I'm new to this and would like to hear some options/opinions.