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

kzk_js asked:


As debt is substituted for equity in the capital structure and the debt ratio increases, the behavior of the overall cost of capital is partially explained by what?
A) the increase in the number of common shares outstanding.
B) the decrease in the cost of equity.
C) the tax-deductibility of interest payments.
D) the reduction in risk as perceived by the common shareholders.

Max Boling

skate654 asked:


I have a car loan (8% int. rate), a fixed 3% int. rate credit balance, & a 0% bal. expiring 4/09, which do I pay off 1st? I’d like to pay the car loan off first, but people are telling me it’ll be better for my credit if I pay off the credit balances first. Is that true? The 0% card is likely going to be transferred to another 0% promo offer I have in a few mo.s. (I teach at a school that just had salary reductions, so my income is low.)
Car loan – $13K
credit balances – 7K each
’07 Cobalt

Suzy Granato

awf asked:


My wife and I are both in industries that are dramatically effected by the economy and have suffered heavy reductions in income. We’ve used credit cards to make-up the difference of what we owe VS what we earn. I’ve asked my mortgage company to help us modify our loan but they have more excuses than answers. I need to know my options: foreclosure, bankruptcy, re-fi(as if we quality), or just walk away. Are there any options I don’t know?

Deborah

dbo asked:


I have a business with a very high debt structure, and we do not have enough cash to pay the bills. I have had no luck selling the business. We (my partners) mortgaged homes in order to finance the purchase of the business. The seller also gave us a deed of trust. In order to relieve some of the debt, we have placed our homes up for sale, but the real estate market is in the tank and we can’t sell the homes. We have sent a letter to the seller asking for a 66% reduction in the loan balance, but no response. We have stopped making payments on the seller’s note, and have been threatened with foreclosure. This is a complex situation. Thank you to anyone who has suggestions to help.

Perry Shaeffer

Lookingfornames asked:


Hello, I met the lawyer named John H. Ruiz (he hosts a TV program called La Ley) in order to find a way to go down my mortgage payments. I have a conventional mortgage, fixed rate = 6.875%, no penalties, also I’m not in default but my property worths 150k less. What do think about him?…He told me that I have a fraud case, I have to pay him only $600 monthly and the homeowners association (no real state taxes, no insurance, no mortgage, no line of credit)…I may get a debt reduction.
I need your opinions…thanks

Honey Derentis

hayati k asked:


I need help with paying off my credit card debts. There are so many debt reduction /consolidation agencies that I don’t know which one is good/authentic and will give the best rate (discount). For those who had gone through this experience, please advise. Thanks.

Colton Brancati

olga l asked:


kirkland green offered me a program that helps me to reduce my credit card debt. can anyone explain me step by step what will be if i will enroll in this program?
i have 30000 in debt, never been late in payments , paid more minimum..
dont want to be rude, but can anyone answer this question

Theo Santarelli

John B asked:


If I give them a large amount of money, will they negotiate a settlement?

Liza Lomax

B. Goldwater asked:


Yes, I realize there was a war, but the war did not cost $3 trillion. This is the amount the national debt has increased over the past 6 years. Instead, Bush has failed to trim spending, while he increased tax cuts.

Examples -
-A $231 million bridge to an island of 50 people in Alaska. This island is already serviced by a ferry to the mainland that takes 15 minutes.
-11,000 trailers meant for Katrina victims were left sinking in the mud in Arkansas because regulations would not allow them into Louisiana.
-The new Medicare program was arguably the most expensive way of solving the problem
-Bush has done nothing to privatize social security as he promised
-No reductions in social welfare programs

I have no problem with tax cuts and military spending, if they are appropriately met with spending cuts elsewhere. Shouldn’t this be a goal of Republicans since they claim to subscribe to conservative principles? Will the next Republican president be any better?

Shantel Hierro

trdh2o asked:


Which will produce the most amount of wealth?

debt reduction
cash flow
appreciation or
tax benefit

Thanks!

Ivory Strecker