Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

ask.abbey asked:


I need help deciding which debt reduction services to use.

Lelah Meservey

wpgcoder asked:


Online debt consolidation programs help individuals to research, apply and take part in debt reduction programs. The consumer can manage the financing… source: http://www.affiliatetier.com/A_Guide_to_Debt_Cons.php

What is the difference between online debt consolidation and other debt consolidation? The source I posted explains online debt consolidation, but is it any different than debt consolidation not online?

Eric

NASCAR Chick asked:


I am having trouble finding a simple straight to the point letter to send to the original creditor to settle the debt. Can anyone please help me? I would like it to mention about upon recipt of payment that they will remove all negative reports from all 3 CRA and no calls at home to do all contact through writing. Please help me. Thank you!!

Scott Emperor

HB asked:


I have several old debts at least three years old that have been put into collections…haven’t been able to pay on any in years. Looking to pay off but cannot make very high monthly payments so the CCS seems like it wouldn’t work since I have SO many creditors to work with and so little money. The credit counseling pays off the whole balance due which has been greatly increased unecessarily. Looking for some debt reduction and a monthly payment option. Is debt settlement right?

Rick Westall

Steve A asked:


I unfortunately am one of many who has too much credit card debt and due to some past glitches, my interest rates are high. I pay my bills and try to pay as much as I can but can’t seem to put a dent in the load. I keep hearing on radio and TV about these “cut your bills in half” credit card relief plans but I am very skeptical of those plans. Any advice….recommendations?

Michael

Jay asked:


I need information on what a good credit counseling or debt reduction company is, and if anyone has personal experience or recommendations.

Dottie Mofield

itsmyopinionsothere asked:


I also want to avoid a 1099-C. I was once told there was more than one way this debt reduction can be treated by the bank company I owe. What is that called?

Jane Boulette