credit card companies / 4 posts found
Why A Debt Settlement Is A Bad Choice
In this video I give you 4 reasons to avoid Debt Settlement and Credit Card Settlement.. #1 A Debt Settlement ruins Your Credit Report # 2 If you settle on debt they will send you a 1099 for the difference. # 3 Credit Runs the world this is a fact. So when obtaining a debt settlement it paints a negative picture in the mind of the creditors you want to do business with. A debt settlement will also definitely hamper your chances for obtaining more credit in the future. #4 The debts you settle on could be sold and then […]
Debt Settlement Companies
In this video I discuss debt, in particular Debt Settlement Companies. I point out there is two things you should know about your Credit and a Debt Settlement Company Any amount that they settle for or forgive will be counted against you as earned income. There is no guarantee the creditor you are trying to settle with will take less. The last time I checked the rules that they made for the banks and Bankers don’t go to jail and bankers get bailed out. So remember these two things when you are thinking about using a Debt Settlement company.
What You Need To Ask A Debt Management Company
In this video I provide 5 questions you need to ask any debt management settlement or debt management company before choosing there program. #1 How will your program affect my credit report? #2 Will be there be any tax implications when using your program? #3 How much is your fees up front and or monthly? #4 Will your program payback 100% of the debt? #5 Who sets the guidelines for your program your company or the creditors?
What Steps To Take When You Cant Pay Your Credit Cards
In this video I provide 5 quick solutions on what steps to take when you cant pay your credit cards or loan obligations. #1 Contact the creditors and let them know your situation. #2 Find out how much you can realistically pay and be prepared to pay that amount consistently. #3 Contact a Non Profit Debt Management Agency and go through the process and see what they could do. #4 Seek Legal aid in your area. #5 Don’t be afraid to file Bankruptcy.