Credit Cards
The Problems with Unsecured Debt & How to Legally Avoid Paying It [K] [i] [n]
Barbara Binyon (Kindle Edition) Crunch Your Credit Ltd 2011-12-14
Release date: 2011-12-14
Answers
i hear radio commercials about: if u have more than $10,000.00 in credit card debt, that u can legally eliminate them, is this possible, and how?
Ask lenders for agreement to delete this items from your credit report when paying them. I recommend to get such agreement thru credit repair agency, for example this one - freecreditreport.hotusa.org
www.settlethedebt.com How to eliminate credit card debt legally while saving you 25-40% off your unsecured credit card debt
Just yesterday I received an unsolicited email about a a credit card debt cancellation service called DebtClear. Coincidentally, I'm now looking to get out of debt so it's peaked my interest. However, I want to be careful. The program (called Court Mediation Services) explains how it can legally eliminate your debt (usually in several months) and get your credit re-established. Supposedly their organization is a team comprised of debt management specialist and debt attorneys... It sounds good but I have some suspicions. I filled out a simple opt-in form and they sent me to this url: http://www.debtclear.com/programs/587758 7?nid=74923. I want to know if anyone has heard of this organization before or what kind of results they had with it. Anybody have any info on this?? Thank you kindly to all who can offer some help...
Boy this smells like dead fish to me. By the way, according to IRS rules any debt such as Credit Cards that is canceled or forgiven becomes taxable income to you and you have to claim it on your income tax returns (federal and state). I would stay clear of this crap. Someone is making money some where in all of this.
Has anyone been succesfull in legally eliminating credit card debts.?
There seems to be various companys advertising they can do this, or will it lead to more problems.
Its true that there have been companies advertising this service, however it was expensive.
All those court cases are currently on hold while test cases are made.
You should also be aware that it will affect your credit rating and your relationship with your creditors.
A company called DEBTCLEAR claims to legally eliminate unsecured credit-card debt....NOT debt consolidation....based on little known violations of certain laws re Fair Practices, etc. Has anyone had experience with this outfit? Sounds interesting...probably expensive!
Whoever you deal with, always see if they have BBB and Verisign logos on their main forms.
These should be *working* logos, linking back to BBB and Verisign sites. It's a very simple practice to go by.
Once you check these simple points, you know they are not scammers.
These are also good, depending on your location:
http://www.debtreliefprogram.esuperfind. com?id=nth no magic solutions, when possible you simply end up paying LESS interests, or lower monthly payments, depending on your situation.
How to Legally Eliminate Credit Card Debt - Learn How to Make ...
Things haven’t been going too well for the economy these past few months (which is why some people want to learn to make money for free and get real internet jobs ). Due to the recession, there has been a shortage of jobs and many businesses (very, very large ones—Chrysler ring a bell?) have even filed for bankruptcy. With all that happening, hundreds of thousands of people are finding it extremely difficult to simply put food on their table and have a roof over their heads, let alone afford the regular luxuries so many of us are used to. For some, the obvious answer to this problem is credit cards, but the truth is, this supposed solution actually leads to much more harm that good....
News
How to Avoid Debt Elimination ScamsNewsMax.com - Oct 23, 2009
Debt elimination schemes generally involve Web sites advertising a “legal way” to dispose of mortgage loans and credit card debts.Live-PR.com (Pressemitteilung) - Oct 24, 2009
You can even get out of debt without paying off the entire unsecured debt. Most people are able to legally do away with 60% of their unsecured debt using a
Prudent Press Agency (press release) - Oct 01, 2009
Credit.com NewsThis should be done only when the issuer has entered into an agreement with the debt settlement company to eliminate bills for credit cards. Essential Credit Card Debt FactsPay Off Debt- You Have OptionsIs a Secured Or Unsecured Loan Better For Debt Consolidation -all 93 news articles »
East Coast Radio - Oct 21, 2009
It's not surprising that we get a lot of queries about debt, given that, according to the National Credit Regulator, of the almost 18 million so-called and more »Washington Post - Oct 23, 2009
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They are 30% more likely to receive high-cost mortgages, nearly twice as likely as White families to have credit card interest rates over 20%, and more »Smartmoney.com - Sep 30, 2009
10 Things Bankruptcy Court Won't Tell YouThose without regular income must file Chapter 7, which involves no payment plan—all eligible debt, such as credit card balances, gets wiped out. and more »