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Posts Tagged ‘credit counseling’

This commercial was filmed in September of 2009 at our Eugene, Oregon office and features our Branch Manager, Julie Wisely. The commercial was filmed and edited by Michael Turner at NBC KMTR TV. Debt Reduction Services Inc. is a non profit credit counseling organization that helps consumers get out of debt. Call 1-877-688-3328 for more information or visit www.DebtReductionServices.org.

I am already in a debt consolidation or credit counseling or debt settlement program. Can I or should I leave that program for the debt resolution program by Debtpro123? see www.justsettlemydebts.com The answer could be Yes. When switching to a debt resolution program you simply have to write a letter to the company informing them that you will no longer require their services. We suggest you send the letter certified mail return receipt requested. Caveat If you are in a Credit Consumer Counseling program and have been enrolled for more than three months, switching to our Debt Resolution Program may not be the best transition.

1: With a credit card you are able to receive money, goods, or services in the present, in exchange for a promise to pay in the future.
True
False

2: Minimum payments are a trap; they are often designed so that it takes months or years to pay off the balance.
True
False

3: The adjusted balance is a measure of the cost of credit, expressed as a yearly rate that must be disclosed before you become obligated on the account and on your account statements.
True
False

4: Federal law prohibits issuers from sending you a renewal or substitute card without your request.
True
False

5: Accurate negative information can generally stay on your credit report for seven years, with certain exceptions.
True
False

6: Realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy are all methods of dealing with debt.
True
False

7: Chapter 7, known as straight bankruptcy, involves liquidating all assets that are not exempt. (Exempt items would include items such as work-related tools and basic household furnishings.)
True
False

8: In exchange for an up-front fee, companies which guarantee that applicants will get the credit they want-usually a credit card or a personal loan – are always pre-approved by the FTC.
True
False

9: "Dead Man Walking" was an example of companies scamming citizens out of their social security benefits.
True
False

10: Credit and charge card fraud costs cardholders and issuers hundreds of millions of dollars each year.
True
False

With a credit card you are able to receive money, goods, or services in the present, in exchange for a promise to pay in the future.
True
False

2: Minimum payments are a trap; they are often designed so that it takes months or years to pay off the balance.
True
False

3: The adjusted balance is a measure of the cost of credit, expressed as a yearly rate that must be disclosed before you become obligated on the account and on your account statements.
True
False

4: Federal law prohibits issuers from sending you a renewal or substitute card without your request.
True
False

5: Accurate negative information can generally stay on your credit report for seven years, with certain exceptions.
True
False

6: Realistic budgeting, credit counseling from a reputable organization, debt consolidation, or bankruptcy are all methods of dealing with debt.
True
False

7: Chapter 7, known as straight bankruptcy, involves liquidating all assets that are not exempt. (Exempt items would include items such as work-related tools and basic household furnishings.)
True
False

8: In exchange for an up-front fee, companies which guarantee that applicants will get the credit they want-usually a credit card or a personal loan – are always pre-approved by the FTC.
True
False

9: "Dead Man Walking" was an example of companies scamming citizens out of their social security benefits.
True
False

10: Credit and charge card fraud costs cardholders and issuers hundreds of millions of dollars each year.
True
False

This commercial was filmed in August of 2009 at our Spokane, Washington office and features our Branch Manager, Jim Sindlinger. The commercial was filmed and edited by Kevin Tompkins at CBS KREM TV. Debt Reduction Services Inc. is a non profit credit counseling organization that helps consumers get out of debt. Call 1-877-688-3328 for more information or visit www.DebtReductionServices.org.

Handling creditors when unable to pay bills is done by contacting them and letting them know what can be paid and when. Keep creditors from calling with constant communication with insight from a certified public accountant and credit counselor in this free video on debt management. Expert: Jerrie Guthrey Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992. Filmmaker: Jack Guthrey

Originally posted March 27, 2009

I somewhat fall in the low income category (0/mo.) in which I am self-employed selling gifts and gift accessories plus media with very little debt (,750), and I didn’t think that would prevent me f/home-buying. I know low income discrimination isn’t a crime–but it should be.

I have been working with two agencies (Housing Authority, referred to as HA and Affordable Housing Corp., referred to AHC) and they are now saying I am no longer eligible for a K mortgage when I was pre-approved for a K mortgage. After speaking with the HA says it could be up to two years for the HA to even consider getting a Section 8 Home-ownership Voucher, and AHC is saying I would have to make more income and/or significantly reduce debt. I have met or exceeded all requirements.

I have even tried the recommended credit counseling and it will not work for me at all. Another option is a "silent co-signer" that will not be living in my first home.

What’s even worse–before I made the decision to buy my first home was I got into a nasty dispute with my landlord over television providers and had no other choice but to install an outdoor antenna (my television provider now, and how I got that isn’t exactly legal) to get certain stations that are no longer on my cable system, which I had to subsequently cancel after 13 years. Luckily, I have not been evicted from my current home.

What I’m really worried about is by the time I get approved to buy my first home, I’d potentially be homeless. I am pretty much out of options legally and may have to do something ridiculous, such as prostituting.

I already have two jobs (technically three with the freelance journalism).If I do get a "fourth job", it would prove to be disastrous to my family.

Last time I checked, I just found out that my rule for affording a house is to take out a mortgage no more than 2-3 times my annual income (K-25K.)

Last time I checked, no more than 30% of my gross monthly income for a housing payment and no more than 41% for all debt service. So, the 30% figure is 0, which has to cover principal, interest, taxes, homeowner’s insurance and private mortgage insurance.

The 41% of the gross income is 7, which 0 is actually my minimum "very little debt" payment. If, after subtracting the very little debt, the amount is would be {content}, and affects how much I can borrow for a house.

Credit Counseling and/or debt consolidation will not work for me at all.
I already own my own business (NO SIR GIFTS) by working at my home, and just today, I began to promote the business on MySpace.

I know this part don’t belong in this category–but it looks like I am probably going to need to sell more gifts. There is more information on Store.NOSirGifts.com and MySpace.com/nosirgifts.
After checking my numbers for November and assuming nothing goes wrong, my minimum "very little debt" payments will be 0 and income increase of since I am getting promoted at my second job (making 0/mo.) This may or may not work with a 0 down payment
The "silent co-singer" is my late mother. I may have to use her estate since I am in charge of her estate.

Credit Counselling and Debt Repayment Our licensed counselling pros will work with you to develop a bill consolidation program customized for your personal financial needs. Together, well make sure you get a realistic, livable budget, settle your debt and restore your good credit. Often well start by consolidating your current debts. Heres how it works: Our people will negotiate with all of your creditors on your behalf, and then set up a single monthly payment, often lower than you are currently paying and often with lower interest charges. Well re-arrange your current debt to make your monthly load more manageable. We even build our modest fee into your single, manageable monthly payment. All our staff are licensed by the BPCPA (Business practices and consumer protection authority)

Put an end to debt collection calls with a solution to your debt problems. We are a non-profit service, and we can help. We can help with debt solutions, interest relief, and consolidating you debts into one affordable monthly payment.

Visit www.FreedomDebtRelief.com for more information. In this interview with KRON4 TV, Brad Stroh (Co-CEO & Founder of Freedom Debt Relief) discusses the differences between various debt solution options. Topics covered in this interview include •How to reduce minimum monthly payments •How credit card principles can be reduced through negotiated settlements •The differences between credit counseling and debt settlement •A case study of showing how Freedom Debt Relief’s program works. KRON4-TVs Homepage: www.kron.com To see the Freedom Debt Relief client case study discussed in the interview visit: www.freedomdebtrelief.com For Freedom Debt Relief reviews visit: www.freedomdebtrelief.com