Archive for November, 2008
Friedman's Sermon from the Mount – Pacific Free Press
Friedman's Sermon from the Mount Pacific Free Press, Canada - Nov 30, 2008 We’re not the brightest bulbs in the pack, but we arrive at this disaster with our house paid off, our cars paid off and no credit card debt . …
Friedman's Sermon from the Mount – Pacific Free Press
Friedman's Sermon from the Mount Pacific Free Press, Canada - 3 hours ago We’re not the brightest bulbs in the pack, but we arrive at this disaster with our house paid off, our cars paid off and no credit card debt . …
Pam and Her Daughter Are Sleeping On The Floor
Pam wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am a single mom, my daughter is 17 and trying to get a job, but even for her it’s hard. I have a couple of credits cards that I just can’t pay. My priorities are rent first, then car payment, utilities, then food, gas. I am still married but I can’t go to my husband for help, all I can say about that is temper. One credit card has already sent my account to a collection attorneys office. I am so afraid they will garnish my wages, which if they do, I will really be in the hole. After I pay my regular bills, I have about 350-400.00 to last the whole month, that has to buy gas, groceries and misc., I have nothing I put in savings. I have $1.26 in my savings account and have sold just about everything I can. We moved and had a garage sale, hoping I would make enough to get us moved. We now have no furniture, both of us have a mattress on the floor, no bed. Believe me, 54 yrs old, it’s hard to get up off the floor. My credit is already ruined, so I wish they would just write of the debt and be over with it. By going further with an attorney and whatever his fees would be, I still wouldn’t be able to pay anything, so I don’t understand why they would pursue something that I can’t pay. Pam” Dear Pam, My deepest sympathies about the bed on the floor routine. I agree it was a lot easier when we were younger. Just this year I spent two months sleeping on the floor as I waited for my possessions to arrive from overseas. That first night in my own real bed was heavenly. It certainly sounds like you are just making ends barely meet at this point. I was certainly encouraged to see that you’ve got your payment priorities in the right order. Good job. Without any income to be able to afford a bankruptcy lawyer , which is what you probably really need, your options are to not pay those credit card accounts and deal with being sued and a latter garnishment if it happens. The garnishment can be neutralized with bankruptcy so that can be addressed. You can find local legal aid that might be available in your area by doing a net search. If you are not eligible for free legal aid assistance, contact a local bankruptcy attorney and see what payment arrangements could be made that you can manage. Bankruptcy at this point is not going to improve your financial situation, just close the door on debts you just can’t pay. In order to improve your financial situation you’ll have to find a better job or a second income. See if your daughter can find anything local through the snagajob.com website. It seems to be able to easily connect people with entry level jobs. I’m sure she would love to help any way she can. Unless you can increase your household income I’m afraid the next step is homelessness and I don’t want to see that happen to you. Big hug. Steve Source: Pam and Her Daughter Are Sleeping On The Floor Other Related Articles to Read Trisha is a Single Mom, Separated, and Facing Bankruptcy. What Should She Do? Samantha Says “My Husband And I Are Young And Don’t Want to File Bankruptcy. What Do We Do?” Pam Is Out Of Cash And Out Of Time Ryan Writes In Looking For His Lifestyle Back
Pam and Her Daughter Are Sleeping On The Floor
Pam wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am a single mom, my daughter is 17 and trying to get a job, but even for her it’s hard. I have a couple of credits cards that I just can’t pay. My priorities are rent first, then car payment, utilities, then food, gas. I am still married but I can’t go to my husband for help, all I can say about that is temper. One credit card has already sent my account to a collection attorneys office. I am so afraid they will garnish my wages, which if they do, I will really be in the hole. After I pay my regular bills, I have about 350-400.00 to last the whole month, that has to buy gas, groceries and misc., I have nothing I put in savings. I have $1.26 in my savings account and have sold just about everything I can. We moved and had a garage sale, hoping I would make enough to get us moved. We now have no furniture, both of us have a mattress on the floor, no bed. Believe me, 54 yrs old, it’s hard to get up off the floor. My credit is already ruined, so I wish they would just write of the debt and be over with it. By going further with an attorney and whatever his fees would be, I still wouldn’t be able to pay anything, so I don’t understand why they would pursue something that I can’t pay. Pam” Dear Pam, My deepest sympathies about the bed on the floor routine. I agree it was a lot easier when we were younger. Just this year I spent two months sleeping on the floor as I waited for my possessions to arrive from overseas. That first night in my own real bed was heavenly. It certainly sounds like you are just making ends barely meet at this point. I was certainly encouraged to see that you’ve got your payment priorities in the right order. Good job. Without any income to be able to afford a bankruptcy lawyer , which is what you probably really need, your options are to not pay those credit card accounts and deal with being sued and a latter garnishment if it happens. The garnishment can be neutralized with bankruptcy so that can be addressed. You can find local legal aid that might be available in your area by doing a net search. If you are not eligible for free legal aid assistance, contact a local bankruptcy attorney and see what payment arrangements could be made that you can manage. Bankruptcy at this point is not going to improve your financial situation, just close the door on debts you just can’t pay. In order to improve your financial situation you’ll have to find a better job or a second income. See if your daughter can find anything local through the snagajob.com website. It seems to be able to easily connect people with entry level jobs. I’m sure she would love to help any way she can. Unless you can increase your household income I’m afraid the next step is homelessness and I don’t want to see that happen to you. Big hug. Steve Source: Pam and Her Daughter Are Sleeping On The Floor Other Related Articles to Read Trisha is a Single Mom, Separated, and Facing Bankruptcy. What Should She Do? Samantha Says “My Husband And I Are Young And Don’t Want to File Bankruptcy. What Do We Do?” Pam Is Out Of Cash And Out Of Time Ryan Writes In Looking For His Lifestyle Back
Lynn is Working With a Debt Settlement Company But Being Sued By Her Creditor
Lynn wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am with a debt negotiation company for over a year and i am being sued for one of my debts, the law office that represents the debt informed me that the company I am paying money to never contacted them when I faxed the letter over a month ago. Now I have been summonsed to court and do not know what to do. I have come up with $4000.00 for a $7000.00 debt but they want $5000.00 and the summons could have been avoided if the debt company contacted them Lynn” Dear Lynn, I’m so sorry that you are having to deal with all of this. It must be very stressful. I think the first step would be for you to call the debt settlement company you are working with and speak to a human about this. It is quite possible that the letter that you faxed over was never received properly or got caught up in something else. A good debt settlement company should be able to jump in and assist you with this matter, even at this late hour. In fact the debt settlement company may have already contacted the lawyers office even though the lawyer says they haven’t. Call the debt settlement company and ask for help and an update. Being sued while working with a debt settlement company is a problem if you do not have a lump sum amount of money to use to settle with right now. In order to accumulate the money to settle, consumers typically pay a monthly amount to the debt negotiation company and they then save that money up until they have enough to make a reasonable settlement offer. Whatever you do, do not ignore the summons or court date. If you don’t go to court, you will automatically lose. If you can afford a lesser amount right now, explain your situation and proposal to the judge. As in any legal matter, it is always a good idea to get legal representation, find a local attorney to help you with this matter or ask the debt settlement company for guidance and assistance. Big hug. Steve Source: Lynn is Working With a Debt Settlement Company But Being Sued By Her Creditor Other Related Articles to Read Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC. Bad Credit Debt Consolidation – Brutally Honest Advice Diane Writes In “I Want to Settle My Debt. My Creditor Wants to Take Me to Court.” Teresa Writes In And Asks “What Should I Do Next?” Ed is Disabled and Falling in Debt Fast. What Can He Do?
Lynn is Working With a Debt Settlement Company But Being Sued By Her Creditor
Lynn wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am with a debt negotiation company for over a year and i am being sued for one of my debts, the law office that represents the debt informed me that the company I am paying money to never contacted them when I faxed the letter over a month ago. Now I have been summonsed to court and do not know what to do. I have come up with $4000.00 for a $7000.00 debt but they want $5000.00 and the summons could have been avoided if the debt company contacted them Lynn” Dear Lynn, I’m so sorry that you are having to deal with all of this. It must be very stressful. I think the first step would be for you to call the debt settlement company you are working with and speak to a human about this. It is quite possible that the letter that you faxed over was never received properly or got caught up in something else. A good debt settlement company should be able to jump in and assist you with this matter, even at this late hour. In fact the debt settlement company may have already contacted the lawyers office even though the lawyer says they haven’t. Call the debt settlement company and ask for help and an update. Being sued while working with a debt settlement company is a problem if you do not have a lump sum amount of money to use to settle with right now. In order to accumulate the money to settle, consumers typically pay a monthly amount to the debt negotiation company and they then save that money up until they have enough to make a reasonable settlement offer. Whatever you do, do not ignore the summons or court date. If you don’t go to court, you will automatically lose. If you can afford a lesser amount right now, explain your situation and proposal to the judge. As in any legal matter, it is always a good idea to get legal representation, find a local attorney to help you with this matter or ask the debt settlement company for guidance and assistance. Big hug. Steve Source: Lynn is Working With a Debt Settlement Company But Being Sued By Her Creditor Other Related Articles to Read Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC. Bad Credit Debt Consolidation – Brutally Honest Advice Diane Writes In “I Want to Settle My Debt. My Creditor Wants to Take Me to Court.” Teresa Writes In And Asks “What Should I Do Next?” Ed is Disabled and Falling in Debt Fast. What Can He Do?
To spend or not to spend? – Canada.com
To spend or not to spend? Canada.com, Canada - Nov 30, 2008 … Kruszewski acknowledged that more people might be willing to think about celebrating Christmas without incurring major credit card debt . …
To spend or not to spend? – Canada.com
To spend or not to spend? Canada.com, Canada - 4 hours ago … Kruszewski acknowledged that more people might be willing to think about celebrating Christmas without incurring major credit card debt . …
Kim is Stressing Out Trying to be Frugal in Hard Times and Make Ends Meet
Kim wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I’m paying credit debt on time not getting anywhere with minimum payments. Husband laid off from work 15 months. Not using cards just trying to pay off. Income is very limited. How can I get ahead with paying off cards. Income is tight. Getting behind on other bills (house, gas, electric) husband laid off from job over 15 months, now has job that pays less than half of what he had before. We’ve really cut back on everything and not getting ahead. Being frugal in hard times. Tired of stressing out all the time. Thank you for your help. Kim” Dear Kim, The issue here is that your income adjusted downwards but your expenses did not. This is a chronic problem with contracts to borrow money. Those contracts are absolute agreements and don’t make any allowances for things happening, like layoffs. Being frugal only goes so far and if you can’t manage to get the income back up, and you’ve already trimmed expenses, then maybe the time has come to start thinking about bankruptcy . Bankruptcy can be a scary experience but it is a legal tool you can use to discharge your debt so you can attempt to make whatever money you are both making manage to keep a roof over your heat, the heat on and food in the cupboards. While you are just making the minimum payments I am worried that unless you can get some breathing room in your monthly budget that all it is going to take is one unexpected and unforeseen event to through your finances in complete disarray. You should be putting at least $50 to $100 a month into a savings account to protect you from these money emergencies. Continuing to just make the minimum payments is admirable and honorable but at some point don’t you have to financially plan to protect you and your family from future emergencies by saving? It seems like the only way to do that is through bankruptcy . Please contact a local bankruptcy attorney and ask for a free appointment so you can go in and find out what bankruptcy would mean for you. Don’t be ashamed, be responsible and do the right thing to protect your family moving forward. Big hug. Steve Source: Kim is Stressing Out Trying to be Frugal in Hard Times and Make Ends Meet Other Related Articles to Read Next big worry: Credit cards Robert Wrote “I Do Not Know Where To Start Other Than I Am in Debt” This Time I Asked “Do You Think You Are a Failure When You Break Your Budget?” David Writes In “I’m About To Lose My House” David Writes In “I Have No More to Give”
Kim is Stressing Out Trying to be Frugal in Hard Times and Make Ends Meet
Kim wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I’m paying credit debt on time not getting anywhere with minimum payments. Husband laid off from work 15 months. Not using cards just trying to pay off. Income is very limited. How can I get ahead with paying off cards. Income is tight. Getting behind on other bills (house, gas, electric) husband laid off from job over 15 months, now has job that pays less than half of what he had before. We’ve really cut back on everything and not getting ahead. Being frugal in hard times. Tired of stressing out all the time. Thank you for your help. Kim” Dear Kim, The issue here is that your income adjusted downwards but your expenses did not. This is a chronic problem with contracts to borrow money. Those contracts are absolute agreements and don’t make any allowances for things happening, like layoffs. Being frugal only goes so far and if you can’t manage to get the income back up, and you’ve already trimmed expenses, then maybe the time has come to start thinking about bankruptcy . Bankruptcy can be a scary experience but it is a legal tool you can use to discharge your debt so you can attempt to make whatever money you are both making manage to keep a roof over your heat, the heat on and food in the cupboards. While you are just making the minimum payments I am worried that unless you can get some breathing room in your monthly budget that all it is going to take is one unexpected and unforeseen event to through your finances in complete disarray. You should be putting at least $50 to $100 a month into a savings account to protect you from these money emergencies. Continuing to just make the minimum payments is admirable and honorable but at some point don’t you have to financially plan to protect you and your family from future emergencies by saving? It seems like the only way to do that is through bankruptcy . Please contact a local bankruptcy attorney and ask for a free appointment so you can go in and find out what bankruptcy would mean for you. Don’t be ashamed, be responsible and do the right thing to protect your family moving forward. Big hug. Steve Source: Kim is Stressing Out Trying to be Frugal in Hard Times and Make Ends Meet Other Related Articles to Read Next big worry: Credit cards Robert Wrote “I Do Not Know Where To Start Other Than I Am in Debt” This Time I Asked “Do You Think You Are a Failure When You Break Your Budget?” David Writes In “I’m About To Lose My House” David Writes In “I Have No More to Give”