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

=) asked:


I’m a fiscal conservative – I’m pro lower taxes, free trade, avoiding deficit spending, balanced budgets, welfare reform & reduction of national debt. I’m also a social liberal – pro choice, LGBT rights, stem cell research, marijuana legalization, and education reform, as well as anti-corporal punishment (However, my views aren’t so easily pigeonholed: in social policy I’m moderately pro-gun rights and anti-illegal immigration, and in fiscal policy I favor single-payer universal healthcare and moderate social security for the aged and infirm).

I can only think of a few, with the only one in my state being Rudy Guiliani. I adore Scott Brown, but of course he’s not here.

Eula Jefcoat

samsalemsamsalem asked:


i owe about 175,000 in unsecured debt , and about 220,000 secured loans between house and cars .
if i file chapter 13 , will this be the total amount that i repay within 5 years or will there be any reductions .
also can i say that i don t need to keep my house or my car so this way i reduce my secured debt

Katherin Trossbach

This I asked:


The tariff policy of the early 1920s:
A. made it easier fro other nations to sell to the United States
B. made it harder for other nations to sell to the United States
C. made it easier for other nations to repay their war debts
D. led Americans to cut back on loans and investments abroad

Coolidge’s administration was marked by
A. a continuation of the post-World War I economic slump
B. continued tax breaks for the lower and middle classes at the expense of the upper class
C. prosperity
D. the creation of the Internal Revenue and Tariff Commission, which drastically reformed taxation formulas and duty lists

President Herbert Hoover’s progressive and humanitarian reforms included all the following except:
A. supporting a plan for tax reductions in the lower-income brackets
B. rejecting “red hunts” or interference with the peaceful picketing of the White House
C. seeking financial assistance for all-black Howard University
D. supporting a bill to provide federal financial assistance to lower-income families

The uneven distribution of wealth in America helped cause the Depression because
A. as production increased, demand declined
B. corporations no longer had sufficient capital to expand their productive capacities
C. many people no longer had extra money to invest in stocks
D. Americans with less spending power began buying cheaper imported goods rather than American-made goods

Part of the reason for the stock market crash was
A. the high rat of deflation in the 1920s
B. the tax policies of the 1920s that hurt the wealthy, who might otherwise have bought more stocks
C. the buying of great amounts of stock “on margin”
D. the low tariff, which allowed imports to corner several important American markets

Abigail Mcconahy

Lauren asked:


a) dispatch of armed militiamen
b) free land for all white men
c) moratorium on private debts
d) new issue of additional paper money
e) reduction of taxes

Ernesto Weinfurter

NeedASurgery asked:


So money is tight for everyone, and I’m trying to see if I can refinance some big ticket bills to have money to pay off high interest rate credit cards. Nobody will refi because my credit isn’t good enough.

Endless cycle in progress.

So I’m searching for ways to fix the situation and the two options of credit counseling and debt settlement come up. We’ve done counseling – even finished it. Got three credit cards done. In the process of being strapped for cash paying them off we wound up racking up more debt. And the real kicker? It hurt our credit anyway (hence no refinancing for our high interest rate car loan).

Debt settlement? Sounds great, right? 50% of the debt disappears. BUT – you have to be delinquent to the point of getting sued AND you have to pay taxes on that 50% (as if it were income). Then you have to pay to have someone do this for you (as most credit places will laugh at you as an individual). Then there’s the fact that it stays on your credit.

Counseling and reduction only stay on your credit report for 5-8 years as opposed to bankruptcy which stays for 10, but it takes 2-5 years just to FINISH counseling or reduction! Where’s the benefit again? Most sites that promote it are either in with the credit card companies or are going to charge you for their service.

I’m starting to think that bankruptcy looks like a more honest option. Anyone have any experience to share?
Yes, I contacted a counseling service, a debt settlement firm and a bankruptcy lawyer. I really feel that out of the three choices – bankruptcy is the best. I think it only gets a bad rep out of the three evils because nobody is making money out of it.

I think all three choices hurt your credit equally, but there are more options to quickly restore credit with bankruptcy and more free personal capital to do it once the unsecured debt is eliminated.

Anyone go through more than one of these and want to share their experience?

Earnest Majer

Rachel B asked:


I know some of them ARE scams. In fact, I have experienced a couple of those in the past. However, I have recently signed up with a company that is helping me pay down my credit cards, and I have been very happy with them so far. But I have heard from people that ALL those companies are bad news. Why do people just assume that?
Yes, McThyme,I see what you are saying-but there is a difference. One credit card I had was charging me so much for the minimum payment that I ended up not being able to pay it for a couple of months. So they raised the minimum payment to $1,000.00 a month. I tried to get them to lower it, but they refused. However, they were willing to work with the debt reduction company. So now, my monthly payment–which includes payments for TWO cards, plus a monthly fee–is actually lower than my monhly payment was just for the ONE card. That kind of situation is usually the reason people go thorough these companies.
Beth, I’m sorry about what happened to your mom-and I know that happens alot. I just got lucky, I guess that I found a good one. They did charge me a fee upfromt, but it was only 25 dollars. And like I said, I am actually paying less now than I was with payng the cards upfront, even with the monthly fee.
doctor deth, you are missing my point.
Others: this company I am working with has been very clear on how much of my monthly payment goes to them for fees, and my monthly fee is less than 5% of the total bill-the rest goes to the creditors. The creditors have already agreed to work with them. And they will still get the full amount they are due.

Susan

Vidar (Campaign For Liberty) asked:


Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus.

The claim is generally made that Clinton had a surplus of $69 billion in FY1998, $123 billion in FY1999 and $230 billion in FY2000 .

While not defending the increase of the federal debt under President Bush, it’s curious to see Clinton’s record promoted as having generated a surplus. It never happened.

There was never a surplus and the facts support that position.

In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion.

Verifying this is as simple as accessing the U.S. Treasury (http://www.treasurydirect.gov/NP/BPDLogin?application=np) website where the national debt is updated daily and a history of the debt since January 1993 can be obtained.

Considering the government’s fiscal year ends on the last day of September each year, and considering Clinton’s budget proposal in 1993 took effect in October 1993 and concluded September 1994 (FY1994), here’s the national debt at the end of each year of Clinton Budgets:

FY1994 –$281.26 billion
FY1995 –$281.23 billion
FY1996 –$250.83 billion
FY1997 –$188.34 billion
FY1998 –$113.05 billion
FY1999 –$130.08 billion
FY2000 –$17.91 billion
FY2001 –$133.29 billion

As can clearly be seen, in no year did the national debt go down, nor did Clinton leave President Bush with a surplus that Bush subsequently turned into a deficit.

Yes, the deficit was almost eliminated in FY2000 (ending in September 2000 with a deficit of “only” $17.9 billion), but it never reached zero–let alone a positive surplus number. And Clinton’s last budget proposal for FY2001, which ended in September 2001, generated a $133.29 billion deficit.

The growing deficits started in the year of the last Clinton budget, not in the first year of the Bush administration.

Keep in mind that President Bush took office in January 2001 and his first budget took effect October 1, 2001 for the year ending September 30, 2002 (FY2002). So the $133.29 billion deficit in the year ending September 2001 was Clinton’s.

Granted, Bush supported a tax refund where taxpayers received checks in 2001. However, the total amount refunded to taxpayers was only $38 billion .

So even if we assume that $38 billion of the FY2001 deficit was due to Bush’s tax refunds which were not part of Clinton’s last budget, that still means that Clinton’s last budget produced a deficit of 133.29 – 38 = $95.29 billion.

Clinton clearly did not achieve a surplus and he didn’t leave President Bush with a surplus.
.
.
I know the difference between debt and deficit.

You see, when we have a surplus – national debt doesn’t go up…yet the debt went up.

Get it?
.
.
Treasury Direct . GOV is spam?????
.

Cassaundra Cardiff

Rye asked:


30.) At the Paris Peace Conference, President Wilson’s program for peace
A.angered the Russians
B.met no resistance among the Allies
C.was backed only by France
D.underwent several changes
31.) After Wilson presented the treaty to the United States Senate,
A.the Senate ratified it
B.only the “irreconcilables” backed it
C.the Senate rejected it
D.only the “reservationists” backed it
32.) One result of Prohibition during the 1920s was
A.an increase in alcoholism
B.a decline in dancing and socializing
C.the rise of organized crime
D.the creation of urban artistic colonies
33.) Which of the following was a long-term effect of Prohibition?
A.the consumer economy
B.the growth of organized crime
C.an end to alcoholism in the United States
D.the rise of fundamentalism
34.) William Jennings Bryan took up the cause of fundamentalist Christians
A.at speakeasies in Chicago
B.on new buses to the suburbs
C.at the Scopes trial
D.in Hollywood studios
35.) Key features of Republican administrations of the 1920s included
A.expansionism and business regulation
B.isolationism and laissez-faire business policy
C.a buildup of armaments and armed forces
D.reduction of quotas and increased immigration
36.) Why did many Americans fear Vladimir I. Lenin and his followers, the Bolsheviks?
A.They promoted a system that was hostile to American values
B.They refused to pay back Russia’s war debts
C.They had abolished the Russian monarchy
D.They encouraged other nations to reject socialism
37.) Generally, the 1920s were marked by
A.rising farm prices
B.rising stock prices
C.falling production
D.falling wages
38.) One sign that the economy might be weakening in the 1920s was
A.uneven distribution of national wealth
B.underproduction of consumer goods
C.an increase in personal savings
D.the collapse of large corporations
39.) Which statement best describes the American economy in the 1920s?
A.Wages decreased and the economy appeared weak
B.Unemployment was at an all-time high
C.Stock prices rose and the economy appeared healthy
D.Small businesses dominated American industry

Im sorry I know youll give comments on “do ur own homework” and stuff but I havent slepet in 3 nights…my dog died..but my dad said I need it done…but Im suprised Im focused enough to even type this….I never do this but Im DESPERATE..please….help………………

Porter Elwick

Susiepolls2008 asked:


President Barack Obama’s 2011 budget got a cool — at times frosty — reception Tuesday from the lawmakers he needs most, as congressional Democrats offered a host of reasons they’re skeptical of the White House plan.

The biggest one: Obama’s proposal envisions adding $8.5 trillion to the national debt over the next decade.

“The president’s 10-year-outlook is not a path we can take,” said Senate Budget Committee Chairman Kent Conrad, D-N.D.

“I’d like to see a lot more deficit reduction,” House of Representatives Budget Committee Chairman John Spratt, D-S.C., told White House Budget Director Peter Orszag.

Sen. Jeff Merkley, D-Ore., was concerned that interest rates may go up more than the administration forecasts. Sen. Sheldon Whitehouse, D-R.I., wanted more attention paid to how curbing health care costs could cut budget deficits.

Conrad, who’ll take the lead in navigating the budget through the Senate, was most vocal. While he backed short-term proposals to create jobs and increase the deficit, “I have strong disagreements with the long term” plan, he said.
http://www.mcclatchydc.com/251/story/83550.html

Sandy Contraras

Ghost of Tom Joad asked:


What have Republicans accomplished in that decade on the federal level which would justify people’s faith in them?

It certainly wasn’t keeping America safe, as the worst attack on American soil happened on Bush’s watch, despite given a month’s warning concerning an impending attack. It was soon followed by an Anthrax attack and by an increase in international terrorism each year Bush was in in office.

It certainly wasn’t a reduction of the size of government or a decrease in our deficit, as the Bush Administration both greatly increased the size of government and turned Clinton’s surplus into a doubling of our national debt.

It certainly wasn’t the wise use of our military forces, as the neocons lied about WMD’s and an Iraq-Al-Qaeda connection to get us involved in a war in Iraq, which made the Iraqis wistful of the times they were subjugated by a brutal dictator who at least knew how to keep order (yes, we eventually made Iraq a slightly less terrible place after a surge so we can claim “mission accomplished”, whoop-ti-do).

I can go on, but I think you get my point. conservatives complain about how terrible the Democrats are all the time, but at least they are trying to do stuff. Republicans had the majority of a decade to get things accomplished and came up with bupkis.

So do Republicans really expect to come back into power just based on the Democrats eventually falling out of favor? That people are really going to rally around a do-nothing party which has no real plans to fix anything in this country?
Oh, and don’t bother claiming stalling Democrats as an accomplishment either, a trained monkey could vote the opposite of what the other party does.
Pfo: That doesn’t answer my question. I don’t care about how terrible the Democrats supposedly are. I want to hear what Republicans have or have not done.
First four answers, and nobody can show one thing Republicans have actually done for this country. Sad really.
Also, I can root cause of the Recession goes back more than a decade to the deregulation of banks by a republican congress and passed by Clinton. Republicans had a decade to fix the economic crisis and did nothing on that either.

Ebony Parlet