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

boisfeu asked:


I have built up about 12000 dollars of debt between the period of college graducation til I found my job about 1.5 years later. Right now since I have pretty stable income, I would like to deal with my debts asap. I am looking for a good debt consolidation/reduction service asap. I have been checking around, there are too many options online. Are they all legit? or There are certain ones would fit my need the best? Thank you. If you have the same experience as me, please share the info so I can go debt free asap!

Giuseppe Feagans

BOBO asked:


How come tax cuts are not followed by actual reduction in government personnel & agencies? Both the Ron Reagan administration & GWB administration seemed to run “slightly” higher debts than say the Jimmy Carter & Bill Clinton administrations.
Of course the Jimma “DA” Carter & slick Willy administrations taxed their constituents till blinder than a bat. NONE of the administrations listed above CUT government personnel & or agencies of the fed.
Why give a tax break then debt spend like it’s your last day on earth(GWB)? I mean the constituents have to pick up the tab, WITH INTEREST no less! Why tax constituents blind for a surplus like the Clinton administration, then create more government positions to have to pay for?
Is it that difficult to break out the ball point pen & nix the funding for, say the EPA for the next year? I mean what a savings that would be for the taxpayer!!! Imagine, a whole bureocracy liquidated by the swipe of presidential/house/senate ball points!
Short of the Libertarians are there any other parties SERIOUSLY looking to nix personnel & or agencies/bureocracies???

Leroy Leroy

mark y asked:


remember that currently the deficit si around 9,000,000,000,000 so thats alot of new taxes or reduction in spending seems all i here is the tax issue

Erick Masden

LARGE MARGE asked:


Here I am after admitting to, and understanding my problem. I cannot say how long ago I started this HORRIBLE addiction, but I know it’s been a few years. I have a gambling problem. I fight it urge EVERY single day. Under the web information on “PATHOLOGICAL, PSYCHOLOGICAL GAMBLING, I found out I have most ALL of the symptoms. I’ve accumulated a MOUND of debt (thousands by now), and have kept it from my husband (of 3 years). I finally came out with it yesterday, and his reaction was nothing I expected….but now he is severly depressed, and I can say the same for myself. I am seeking professional help, but I am faced with this debt. I found a debt reduction plan I think I will go with, but what I want to know, is there any legal way to file bankruptsy to rid “gambling debt”, if I have a doctor’s diagnosis to proove my mental condition? I am ready to leave (from NY to FL), to stay with my sister to get things paid off and myself better. HELP.. any suggestions to this?

Dona Morad

LARGE MARGE asked:


Here I am after admitting to, and understanding my problem. I cannot say how long ago I started this HORRIBLE addiction, but I know it’s been a few years. I have a gambling problem. I fight it urge EVERY single day. Being diagnosed with “PATHOLOGICAL, PSYCHOLOGICAL GAMBLING”, I found out I have most ALL of the symptoms. I’ve accumulated a MOUND of debt (thousands by now), and have kept it from my husband (of 3 years ). I finally came out with it yesterday, and his reaction was nothing I expected….but now he is severly depressed, and I can say the same for myself. I am seeking professional help, but I am faced with this debt. I found a debt reduction plan I think I will go with, but what I want to know, is there any legal way to file bankruptsy to rid “gambling debt”? I have a doctor’s diagnosis to proove my diagnosis.

Katherine

nephthys76 asked:


Just looking for some opinions and maybe some experiences here…

I have to change my bank account, I currently have Bank of America and because of starting an account with a debt reduction company, I must change to another bank.

I have had Well’s Fargo before, and I **** them… a LOT.

Aside from those 2 banks, I really don’t know what banks are good. I hear a lot of great stuff about WaMu – but I tried to switch to them before and there was a ridiculous waiting period before I could use the account – something like 45 days. That won’t work for me at all.

Does WaMu still have that waiting period? Can anybody suggest another bank that they have had great experience with?

Thanks in advance!

Marina

Maleeah S asked:


A. Reduction of public debt
B. Limited government interference
C. Increased number of federal courts
D. Increased land ownership

Rayford Laurenitis

deimodius asked:


My wife and I each make about $50,000 a year, we both have credit card debt and student loans. we bought a house last year, so mortgage payments too, and we have two boys (12 & 15)

So far we have been ok, but I don’t feel we are getting ahead with our debt reduction. The house market is starting to go down, and interest rates will go up.

Every time I suggest we make a budget and cut some luxuries (like cable TV) she gets mad and accuses me of not trusting her with our banking. Now she also has her mind set on buying a new washer/dryer! the set we have are old (about 15 years) and normal capacity, but they WORK. She insists that we need new, larger capacity ones.

I will probably get a bonus for Xmas, and she wants to use it for the washer/dryer.

We’ve already borrowed money from her parents twice, and I can’t ask my parents for any. What we NEED is a budget, but she won’t talk about it!

What do i do? I thought about asking her parents to intervene, but that might make it worse.

Rachele Koenning

gale1999_2000 asked:


Executive Summary
We design and deliver the systems, software
and services that drive next-generation communications
networks. Backed by Bell Labs
research and development, we use our
strengths in mobility, optical, access, data and
voice networking technologies, as well as
services, to create new revenue-generating
opportunities for our customers, while
enabling them to quickly deploy and better
manage their networks. Our customer base
includes communications service providers,
governments and enterprises worldwide.
We have three segments organized
around the products and services we sell.
The reportable segments are Integrated Network
Solutions (“INS”), Mobility Solutions
(“Mobility”) and Lucent Worldwide Services
(“Services”). INS provides a broad range
of software and wireline equipment related
to voice networking (primarily consisting
of switching products, which we sometimes
refer to as convergence solutions, and voice
messaging products), data and network
management (primarily consisting of access
and related data networking equipment
and operating support software) and optical
networking. Mobility provides software and
wireless equipment to support radio access
and core networks. Services provides deployment,
maintenance, professional and managed
services in support of both our product
offerings as well as multi-vendor networks.
Beginning in fiscal 2001, the global
telecommunications market deteriorated,
resulting from a decrease in the competitive
local exchange carrier market and a significant
reduction in capital spending by established
service providers.This trend intensified
during fiscal 2002 and continued into fiscal
2003. Reasons for the market deterioration
included general economic slowdown, network
overcapacity, customer bankruptcies,
network build-out delays and limited availability
of capital.
We believe that the market for telecommunications
equipment has stabilized
and is starting to grow in certain areas. The
growing demands of enterprises and consumers
for additional services tailored to
their needs is creating the need for a new
convergence of networks, technologies and
applications.
Required
1. Using the Consolidated Balance
Sheets for Lucent Technologies for
September 30, 2004 and 2003, prepare
a common-size balance sheet.
2. Evaluate the asset, debt, and equity
structure of Lucent Technologies, as
well as trends and changes found on
the common-size balance sheet.
3. What concerns would investors and
creditors have based on only this
information?
4. What additional financial and nonfinancial
information would investors
and creditors need to make investing
and lending decisions for Lucent
Technologies?

LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in Millions, Except per Share Amounts)
September 30, September 30,
2004 2003
Assets
Cash and cash equivalents $ 3,379 $ 3,821
Marketable securities 858 686
Receivables 1,359 1,511
Inventories 822 632
Other current assets 1,813 1,213
Total current assets 8,231 7,863
Marketable securities 636 —
Property, plant, and equipment, net 1,376 1,593
Prepaid pension costs 5,358 4,659
Goodwill and other acquired intangibles, net 434 188
Other assets 928 1,608
Total assets $ 16,963 $ 15,911
Liabilities
Accounts payable $ 872 $ 1,072
Payroll and benefit-related liabilities 1,232 1,080
Debt maturing within one year 1 389
Other current liabilities 2,361 2,393
Total current liabilities 4,466 4,934
Postretirement and postemployment benefit liabilities 4,881 4,669
Pension liabilities 1,874 2,494
Long-term debt 4,837 4,439
Liability to subsidiary trust issuing preferred securities 1,152 1,152
Other liabilities 1,132 1,594
Total liabilities 18,342 19,282
Commitments and contingencies
8.00% redeemable convertible preferred stock — 868
Shareowners’ Deficit
Preferred stock—par value $1.00 per share; authorized shares:
250; issued and outstanding: none — —
Common stock—par value $.01 per share;Authorized shares:
10,000; 4,396 issued and 4,395 outstanding shares as of
September 30, 2004,and 4,170 issued and 4,169
outstanding shares as of September 30, 2003 44 42
Additional paid-in capital 23,005 22,252
Accumulated deficit (20,793) (22,795)
Accumulated other comprehensive loss (3,635) (3,738)
Total shareowners’ deficit (1,379) (4,239)
Total liabilities, redeemable convertible preferred stock
and shareowners’ deficit $ 16,963 $ 15911

Cyrus Rufenacht

Ruth Z asked:


I’ve just been introducted to Dream Success Internation, Inc
It stands for Debt Reduction & Equities Acceleration Multiplex.

It’s a program designed to pay off debt (car payments, student loans, credit card debt, and even your mortgage) in 5years or less.

It’s not a Money Merge Account. It doesn’t require income verification, credit checks, refinancing or anything like that.

Do you know DREAM?
or
Would you watch the presentation and give me your honest opinion of this program? find it at www.DreamBizPro.com
under business tools – client presentation and then business presentation.

Please don’t answer unless you know – not just have an idea what this might be. thank you.

I’m considering signing up to sell this product but I only want to stand for something honest and good. I’m thinking I may have found it. – Your thoughts?

Ellsworth Westermark