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Debt settlement companies are accustomed to hearing how people aren't getting true answers from banks, at least not complete truth. Every good debt settlement company will help educate you about the way banks and lenders take advantage of everyday people by only partially informing them. For example, if you are a young person, do you know that banks and credit card companies target you? Students on college campuses and people who are under 25 are courted by banks because they don't think about their purchasing choices over the long term. More than 120 universities have cut deals with banks to issue student-ID cards that are also ATM and check cards. Schools make millions of dollars from those deals. In essence, colleges are offering up their students as sacrificial lambs to credit card companies. No wonder people are in so much debt today, they're taught from college that credit card debt is a good thing. Debt settlement companies can help you grow out of the mistakes of ... details >>>

I have a large amount of debt with high interests. One of my relatives in overseas suggested that he will pay off my debt and I can pay him with monthly payment without interests. But wiring that amount of money (said 30,000) will be reported to the IRS by the receiving bank. Will I have to file in my imcome tax that I received such an amount of money and owe taxes to IRS (which by that time, all the money is being used to pay off my debt). All suggestions and answers are welcome. details >>>

If you're a bank, things are looking up! The $700 billion from the Troubled Asset Relief Program (TARP) has largely gone to buoying up financial institutions with some help to the struggling auto industry as well. So if your name is Bank of America, Citigroup or GM then congratulations are in order. In fact, over $25 billion have been eagerly repaid by those institutions who are stockpiling funds and do not want to have any government oversight of their business. Go banks!But—if you're a homeowner or a potential homeowner, an average American, or a small business then the news isn't all that great. From where I often sit behind the desk of a real estate radio show and podcast, it looks pretty discouraging. The real estate system is starting to move homes, but lending requirements are stricter than ever, and even high FICO and truly qualified buyers are not getting approval. It seems like we've created a system in which no one is deemed qualified. Brilliant... details >>>

It may seem like you are owned by your debts, almost as if your credit card debt owns you. However, this simply isn't true. There are some very serious ways to get out from under your credit card debt and other forms of unsecured debt. They involve sacrifice and discipline, but if you're determined, you can overcome your debts and live a financially secure life, free from collection agency phone calls.Here are some simple tips you can follow that will help you get free from your debt problems, and have a financially secure future.1. Cut up your credit cards. You can keep some for emergencies, but odds are if you have thousands of dollars in credit card debt, you have a problem using them responsibly. Don't feel ashamed about this, just acknowledge that you need to put them away, at least for a couple of years, and focus on living within your means instead of trying to "keep up with the joneses." You may even want to give your emergency card to a good friend or family member, someone... details >>>

Hey I am taking a loan for 50K for paying off debt as well as finishing my basement... What is a good rate for ok credit... Does this spund like a bad idea ? The Payment will save me over $600 a month. I pay over 2 grand in CC debt a month and now I will be at around $600 details >>>

Do you know why debt is a bad thing? Every American has some debt, and even Donald Trump has declared bankruptcy before, but seeing debt for what it truly is can be your first step towards financial freedom. If you make $60,000 a year and you have $10,000 in debt, that's probably a manageable amount. However, if you're making $25,000 a year and you have $10,000 in debt, that's a problem.Debt CalculatorThe Federal government considers a debt burden of more than 40% of your gross income an indicator of financial distress. Think about it this way: if taxes are eating up 25% of your salary, you're saving at a healthy 15% clip, and your loan payments hit 40%, you're left with just 20% for everything else. To figure out your debt situation, here are some steps: Monthly mortgage payment (including property taxes and insurance) or rent + Monthly home equity line of credit or loan payment + Monthly car payments + Monthly revolving credit payments (furniture, appliance loans, etc... details >>>

The bank told me under $5,000, is this correct, or did I hear him wrong? And if you are buying a home does your spouse have to be on the loan? I know the deed needs both names. Any advise on home loans and debt would be great. details >>>

Most of my debt consists of medical bill leftovers (the amount after insurance) that has gone to collection. I have not seen anything that deals with those types of bad credit. They say medical is not supposed to affect your credit but it does. details >>>

I know bankruptcy should be a last resort but some people have different personal limits. I would like to know your personal answer. What's the least amount of debt it would take for you to make the decision to file bankruptcy? And what is your annual income if you don't mind? details >>>

The great thing about debt settlement companies is that the really good debt settlement companies will give you straight answers. For example, banks are currently in a "survival mode" that could last for years. Thing is, banks will never actually admit to this for various reasons. Banks may still be a safe place to stash your cash, but after years of lending money out to people who are in a financial bind, the entire banking industry is paying a steep price. So, banks, lenders and other financial institutions are changing the fine print in certain agreements, covering their losses, charging you more and so forth. Quality debt settlement companies around the nation are informing their clients that their debt and debt problems are due in part to the inner workings of troubled banks.Customer service is getting worse (it wasn't that great to begin with) and banks are cutting jobs so that less people are trying to do more work. That means if you're trying to settle a debt and get rid... details >>>