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

??? ? asked: My home value is sharply down, the equity used to be 60% three years ago, now it’s barely 35%.
My 401(k) is up on paper, but taking into account plunging exchange rate of US dollar, it’s actually 40% down. But because it’s up on paper I would still have to pay deferred income [...]

Mark K asked: I am considering using a dept reduction company to reduce the principal of my credit cards. They claim that the credit card companies fair out well by negotiating lower low balances and getting those balances paid off right away. I know this hurts ones credit but after a few years [...]

elv1s1sal1ve asked: My wife and I have separate credit card debt as well as auto loans. We share the $900 rent and utilities. She brings home about $3500/mo and I about $3000/mo. I owe about $5000 on a refinanced auto loan that costs me $178/mo. My auto ins is $100/mo. [...]

Jaker asked: I’ve had a reduction in pay and unable to pay minimum payment (high debt). I have worked with the co and reviewed a budget that is satisfactory; however they are asking me to tell them what my home is worth. I’m uncomfortable with this.Scott Emperor

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sixplace asked: a. reduction of the national debt
b. control of stock prices by the Federal Government
c. joint effort of business and labor to strengthen the Presidency
d. assumption by the Federal Government of greater responsibility for the nation’s well-beingWarren Sud

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NascarKY89 asked: what do you think?
Economy
We are a capitalist country. That means the markets are determined by supply, demand and competition. I believe the 700 billion, tax payer dollar bailout was out of government bounds. The governments’ responsibility includes patients, tariffs, quotas, minor wall-street and banking regulations, opening trade agreements with other countries and other [...]

pdooma asked: Are we the taxpayers being swindled?
http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.3068:
‘The original TARP legislation required that money made from the program “shall be paid into the general fund of the Treasury for reduction of the public debt.”
Frank, however, wants to spend the money before it can be used to pay down anything. First, the “TARP for Main [...]

Warren T asked: Our national debt has gotten so large that it is unmanageable but the only way it can be brought under control is with massive reductions in government spending and that will never happen.Rodney Pettipas

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V-Starion asked: We charge $5 to all voters prior to allowing them to cast their ballots in any presidential primary election.
25% goes to Federal Gov’t for the sole purpose of paying down the national debt.
25% Goes to the State Gov’t for use as they deem fit (as decided by state legislators)
25% Goes to fund local [...]

Free at last asked: To fast forward one year and Obama’s 10 Trillion has paid for all kinds of public work programs (just like they did in Japan) and we still have 15% unemployment (like in my state) and it doesn’t work (like it didn’t in Japan) what are we going to do?
We will be [...]