Archive for August, 2009
Help your son get his credit card on … – Canada.com
Help your son get his credit card on track Canada.com Your son should start by creating a budget that allows him to make reasonable payment arrangements to repay his debt . His improved payment history will be … and more »
Can I Switch to Debt Settlement Services With You? – Nona
Nona 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 started debt settlement program with allegro law firm in jan 09m like many others, icannot get thru on phone, faxes are ignored. 3 weeks ago I requested a statement of my account, never received. Can I legally stop auto withdrawal from checking account without becoming “fair game” to creditors? I will be filing complaints with AG’s in NY, AL, and WI (where I live) this week. Is Allegro legally responsible to refund all or part of my money once I have demanded this? Can I then switch to a different debt settlement agency, such as with you, Steve? Nona” Dear Nona, You can legally cancel the debt settlement program you are in with Allegro Law, they certainly are having their share of problem issues . If you read the comments on that past Allegro post you will find information about how to cancel. Once you cancel it will stop the deductions from your account but it will not return the money, if any, in your escrow account with the company. Most of the initial year of payments was taken as fees before any service was provided. Even funds that were actually saved in escrow will not be returned until the court releases them and fees for the receiver are deducted. The release process may take a year or more. For many, bankruptcy becomes the logical next step since people will be without money, time or other solutions. I appreciate your desire to switch to debt settlement services that I provide but I don’t provide any. In fact these days I provide no hands-on services for individuals and instead concentrate on answering questions publicly so I can help as many people as possible by sharing my answerers and experience with as many people as possible so many can learn from the situations. When you withdraw from the Allegro program you should expect that creditors will begin to contact you again. Without payment or bankruptcy , the debt still exists and needs to be addressed. I think you should follow all channels of complaint to express your displeasure with this situation in hopes that it creates change that prevents people from falling victim to similar situations in the future. Big hug. Steve @GetOutOfDebtGuy P.S. Be sure to read ‘ The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey ‘. Source: Can I Switch to Debt Settlement Services With You? – Nona Other Related Articles to Read Daisy Calls Again. Uncertain if Debt Settlement or Debt Management is Right for Her. – Get Out of Debt Podcast Daisy Calls In And Wonders How to Get an Allegro Law Refund – Get Out of Debt Podcast An Interview With Dan Stermer, the Court Appointed Receiver for the Hess Kennedy Debt Settlement Law Firm in Florida – Get Out of Debt Podcast Question From James About an Allegro Law Client Refund – Get Out of Debt Podcast Get Out of Debt Podcast – More Answers for Angela Concerning Picking a Bankruptcy Attorney
Help your son get his credit card on … – Kelowna.com
Help your son get his credit card on track Kelowna.com Your son should start by creating a budget that allows him to make reasonable payment arrangements to repay his debt . His improved payment history will be …
My Chevrolet Aveo is Broken and I Might Have to Let The Bank Take It. – Gary
Gary 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, Well, my current situation goes like this…..I bought a used 2004 Chevrolet aveo and have had it for about 3 years. The recommended service for a timing belt change came at 60,000 miles. I had 63,000 miles on the car when it broke. the car is not covered under any warranty. my mechanic said it’s going to cost about $2,000 to fix. I still owe about $6,000 on the car that is only worth $2,500 when running. My mechanic has had the car for about a month because he cannot find part for it anywhere (The car was made by Daewoo for GM and Daewoo is now bankrupt) he has even tried the dealerships for parts and either they do not have them or the parts are on back-order for a long time. meanwhile, i have been walking the 2 miles every day to and from work and my fiance riding her bicycle, to top it off, my fiancee just got terminated from her job for a completely unjust reason, but that’s another story. so she is out of a job right now and is limited on where she can go to look for a job . no car dealership will take my car as a trade in because of the negative equity and the fact that the vehicle is not operating (bent valves in the engine). i just dont know what to do, one salesman actually suggested to me to buy a brand new car (we were qualified) and then turn around a do a voluntary reposession of my old car. would this be feasable in my situation? my credit isnt that great, but it isnt completely bad either. my credit score from trans union last time i checked was 690 but the other two reporting agencies gave me a score in the low 500’s. i cannot afford to have two car payments at this time and it doesnt look like i will be getting my car fixed anytime in the near future. In my situation, would it be feasible to do a voluntary repossession and if so, when i get that large bill for the difference of what i owe v/s auction sale price, do they want that money in one lump sum? If i run the bill through bankruptcy , do I have to claim bankruptcy for everything in my life? or can i somehow just do it for that one bill? I’m stuck in a rut here and do not know what to do. please help. Thank you Gary” Dear Gary, That sure seems like a difficult situation. It is a shame that you might have to go bankrupt because you don’t have access to a couple of thousand dollars to fix the old car. I found several online Chevrolet Aveo parts suppliers and maybe this one, or others, has the needed part . Handing the car back is going to result in a bill that will probably be $5,000 and you don’t have the cash for that. If you go bankrupt on that debt you will have to include all your others and that will make it hard to buy a car for a reasonable interest rate immediately after bankruptcy. Maybe a better solution is to help your mechanic locate the part he needs using one of the online part suppliers . If you need cash to get the car fixed then consider making a loan request through LendingClub.com for a loan to get the car fixed. Big hug. Steve @GetOutOfDebtGuy P.S. Be sure to read ‘ The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey ‘. Source: My Chevrolet Aveo is Broken and I Might Have to Let The Bank Take It. – Gary Other Related Articles to Read A Friend of Mine and I Bought a Car. She Quit Making Payments and I Can’t Afford it. What Can I Do? – Nate Meet Paul: LendingClub.com Borrower Taking Control of Debt Influenced by His Bipolar Condition My Truck Loan Shows as Charged Off But the Lender is Still Collecting Payments. – Shane I Want to Repossess My Brothers Car. – Nicole I’m 3 Months Behind on My Car Payment and 7 Months Pregnant. – Juanita
The Case for Deflation – Center for Research on Globalization
Center for Research on Globalization The Case for Deflation Center for Research on Globalization … foreclosures mount, and credit card defaults soar. Banks are not well capitalized, they are insolvent, unwilling and unable to lend… Total US debt as …
The fourth R of education: Responsibi… – Financial Post
The fourth R of education: Responsibility Financial Post These included leaving home, starting university, signing up for a student credit card and playing the stock market. It seemed as if Mr. Lawrence could do … and more »
Points counterpoint – The Gazette (Montreal)
Points counterpoint The Gazette (Montreal) It all came from my (CIBC) credit-card purchases." Aeroplan spokesperson Michèle Meier, however, saw things differently. In fact, she said that weeding out … and more »
Street kids fall prey to perils of ea… – Edmonton Journal
Street kids fall prey to perils of easy credit Edmonton Journal He gave her a credit card with$5000 limit. "I just partied when I had that credit card , because I could," she says. "I was caught up in partying and so I …
Smart cookies learning how to handle … – Canada.com
Smart cookies learning how to handle their dough Canada.com … 2009 Within two months of moving out of her parents' home as a young adult, she had wiped out $8000 in savings and racked up $2000 in credit card debt . …
The Fourth R: Re$pon$ibility – Financial Post
The Fourth R: Re$pon$ibility Financial Post These included leaving home, starting university, signing up for a student credit card and playing the stock market. It seemed as if Mr. Lawrence could do …