Payday Loan Fairy

We are not looking for loans or banks.... and would prefer if the answers came from people that actually used a debt negotiation service.
Please answer if you have used a debt settlement firm...

I used Everest debt solutions and started their debt settlement program back in 2007. They are completely devoted to helping their clients. I had alot of debt and bankruptcy just wasn't an option for me and my wife. So far they have settled all of our accounts except for one and we are on pace to finish the program early because i used my tax return this year to settle some accounts early. We had to pay back about half on the accounts including the fees.

I have had an excellent experience so far and we have recommended several friends to them over the last year and a half.

2008-06-04 12:56:11 by megz904

www.darlene.improvecreditstore .com How Debt Reduction Store can challenge the negative remarks and inaccurate items on your credit report. Raise ...

I have collection ($3000 rent 2004) and late payments on my file.

This place is GOOD. It worked for me, money well spent.

You can find more info here:

http://www.safelinked.info/jump.php?link=debt

Take care.

2008-03-04 21:40:07 by Riley B

I've been going deeper in debt because of not having a job and paying for courses that will allow me to start a new career. I just heard an advertisement about a company that states it can have your tax debt reduced by up to 85%. I've also been contacted by companies that offer debt negotiation services. Has anyone had any experience with these. And how can you tell if they are legitimate or just more of the predatory lender types?

Most of the tax settlement firms that advertise heavily are complete ripoffs. Their fees can run in to the thousands of dollars and the IRS still says "No" a vast majority of the time.

The IRS does have a settlement program for those people that owe more than $10,000. It is called an "Offer In Compromise". It is a complex matter. The "form" for the offer is 44 pages long and the IRS has 2 years to decide. The tax settlement firms will always tell you that you qualify. They tell everyone that they qualify but the truth is that the IRS says No over 80% of the time.

If you owe under $10,000 in taxes, there is nothing that anyone can do. Enter in to an installment agreement with the IRS and stick to it. If you owe more that $10,000, read up on "Offers in Compromise" at IRS.gov and, if you think that you qualify, contact a CPA or EA in your local area.

I don't know a lot about debt settlement companies but I believe that they also have a bad reputation for being ripoffs.

2008-10-05 19:42:37 by D. G

Well, people in debt often seem to find some help here :
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!

2006-10-02 18:09:25 by charles t

First ascertain if your debt is 'manageable.' For example, if you have $50,000 in credit card debt and are only able to make the minimum monthly payment, you won't ever get out of debt and might want to consider bankruptcy - which is handled through an attorney and doesn't necessarily require counseling or negotiations services.

If your debt is manageable, the quickest way to get out of debt is to cut up all but one of your credit cards and only use that one in REAL emergencies. Make more than the minimum payment on your balance - as much over the minimum as your budget will allow. You will eventually get your debt paid down so long as you are not incurring ADDITIONAL debt in the interim.

Do without. Drive a reliable older car instead of the latest model. When you get your debt paid down, perhaps a good reward for yourself will be buying a new car, but for now, if you have serious debt issues, you can't afford it. If you smoke, put serious effort into stopping. Cigarettes are not only harmful, they're expensive! Don't go out to dinner - especially fast food. Take a close look at what you spend on groceries and see if there is anywhere you can cut back.

About 15 yrs ago my husband put us in serious debt. We cinched in as tight as we could. For the first couple of years, a major night out was running to the video store to rent a movie and then stopping for a 99-cent burger at a local burger house. We didn't even pop 'microwave' popcorn for our movie night but used the old-fashioned kind you pop in a skillet!

Within two years, we had our debt substantially reduced. Within four, we had our A+ credit rating back. We are a lot more cautious than we were previously, however. We still elect to put no more on the credit card than we can pay off at the end of the month. Major expenses like car repairs may take us longer, but even then, we break it out into manageable payments and get these big ticket items paid off as quickly as possible.

Our friends thought it was nuts that we didn't own a cell phone and had only one line in the house. Our children felt deprived because they didn't each have a television in their rooms or a stereo. We survived, however, and spent more family time together as a consequence.

All these years later, we would still be considered frugal by most standards. I drive a 5yr old car and my husband drives a 12yr old car. Both have been excellently maintained and it's surprising how good a car will still look 12yrs later if you simply TAKE CARE OF IT rather than view it as a disposable commodity.

Getting out of debt requires sacrifice. STAYING out of debt once you reach that objective requires commitment.

You can do it. You've just got to convince yourself it is worth the effort.

2007-01-09 14:02:20 by killinmesmalls

I'm currently in a debt consolidation program but it's not helping me at all with my debt. They charge me $40 a month just for their services and my debts are still the same as when I first started the program 6 months ago. Help me please!!

Have you looked into Consumer Credit Counseling services? I'll paste the address here for you. You can read the FAQ page to answer questions you may have about them.

2007-05-03 22:05:30 by gkowal1