Is bankruptcy or debt settlement better for a small business?
Thank you for writing in. CRN does no paid advertising, so I am assuming you read where I was quoted in the USA Today this past Tuesday. It would be best to schedule a time for a phone consultation...
View ArticleGetting a divorce and have too much debt. Husband wants to negotiate lower...
Your personal situation would suggest bankruptcy, not debt settlement, is the right option for you to look into. Your husband is a different matter. If you file bankruptcy you will no longer be liable...
View ArticleNot Paying Debt – Is This How to End Debt Struggles?
Given the brief detail you provided, you basically have 3 options to either quickly, or somewhat rapidly, put and end to your credit card debt struggles. Two out of three do involve stopping your...
View ArticleCompare the costs of a credit card consolidation, settling for less, and...
Not sure what to do about bills I can no longer keep up with. Everywhere I read seems to point out either joining a credit counseling program for debt consolidation, or starting a debt settlement...
View ArticleCan you help me avoid bankruptcy with the judgment and credit card debt that...
I currently have 3 judgements against me, and i know sooner i will get more.. i owe about 50K in credit card debt including the judgements, my question to you is I really do not want to file for...
View ArticleIs it worth cashing in retirement to pay off settlements with credit cards or...
I have $100k in unsecured credit card debt with nine companies. The debt ranges from $2k to 42k. I have about $21,000.00 in retirement money I am willing to use to pay them off. The problem is I need...
View ArticleGetting Rid of Credit Card Debts but Keeping Home and Cars With Bankruptcy
I have 4 credit cards in my name only, that my husband and I can no longer afford to pay. We are only 30 days behind in payments, so only phone call attempts made, so far. 2 cards are Capitol One, 1...
View ArticleWill Chapter 13 bankruptcy reduce consent judgment payment?
With a consent judgment, does the original creditor have to accept a negotiated amount if I file Chapter 13? I was making payments but I defaulted and the consent judgment said they could pursue any...
View ArticleWhy banks and debt collectors seem not to care when you threaten to file...
I am 180 days past due with Capital One, and trying to work out a settlement, but they have not offered anything lower than the full principal balance. How long does it usually take for them to come...
View ArticleMy chapter 13 bankrutpcy was dismissed. How does this impact credit card debt?
Dear Michael, I have not paid my cc since 12/2012. Unfortunately I hired a crook of an attorney who said he could file a chapter 11 to save my house and refinance from $240,000 to $114,000. I did not...
View ArticleHow your credit card bills and credit reports can impact your spouse.
I talked to you about 30 Days ago and you were very helpful. I have a couple more questions. How does my personal credit card debt affect my wife? If I have credit cards in my name and business does...
View ArticleLooking for debt advice and to avoid bankruptcy if possible.
House being foreclosed on first hearing 2/28 going to ask for postponement. I have a lawsuit for collection, and a collection attorney letter threatening on returned motorcycle, and other bills we've...
View ArticleIf I settle debt how long will it take for my credit report to be good again?
I am now behind in paying 3 credit cards with 3 different banks. I have 2 options - bankruptcy and debt settlement. I qualify for chapter 7 bankruptcy but do not want to do that if I can avoid it. I...
View ArticleThe truth about what happens to credit scores when you need debt help.
Cannot keep up with bills. Need help. One of the biggest concerns for people who cannot keep up regular payments on credit card bills while they are researching solutions to get out of debt, is their...
View ArticleDebt Help and Advice Costs in Ways You May Not Think About.
If you need help dealing with problem credit card, and other types of debt, there is a seemingly endless amount of tips, advice, and opinions about what amounts to only a half dozen options. One of...
View ArticleOptions to Reduce Credit Card Debt.
My husband and I have about 40K in unsecured debt and he got laid off from his job in June. I am still employed but month to month things are really tight. I always make sure that our mortgage and...
View ArticleOverwhelmed with credit card debt and shutting down my business – need...
Self employed Cabinet Builder for the last 18 years, partner for 12, than on my own the last 6. For the last 2 years the work has slowed, my price has stayed the same and everything else has went up =...
View ArticleCredit Card Debts and Charge Off – What it Means to You
The term charge off describes an accounting function followed by your lenders. When speaking of revolving consumer credit card accounts, a charge off occurs when the credit issuer either chooses, or...
View ArticleSettle Debt, Close My Bank Accounts, or File Bankruptcy?
I had a default judgement entered against me by Capital One in 2009. I never received anything in the mail notifying me of a court date. However, I lived in an apartment complex and frequently received...
View Article6 debt solutions that work best – an overview.
Any effort to successfully resolve credit card debt should start with understanding all of the debt solutions available. There are limited options for dealing with unmanageable debt. You will become...
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