Question by JT: Where can I find information about the Credit Card Debt Relief part of the US Stimulus Package?
I heard the governement has added Credit Card Debt Relief to the Stimulus Package. But everytime I try and look it up, my search engine is cluttered with ads from organizations who want to “manage” and file for me for a fee. Where can I find information just for ME, the consumer, not from a third party? Someone please help me. Thanks in advance!
Best answer:
Answer by the tax lady
The new laws that take effect next year are limited. The bank can’t do 2-cycle billing, can’t raise your interest rate as quickly (which is why they are all raising the rates *now*), can’t do universal default, etal.
If you are hoping for Debt relief in the form of cold hard cash, dream on. Nothing is going to magically erase your balance due.
Everything yo uwill find on the web is HYPE. Every debt settlement company will offer, for a fee, to ruin your credit by asking each creditor to accept less than is owed. This is not a stimulus. This is a ripoff.
What do you think? Answer below!
“credit card debt information”
How to Repair Your Credit
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See the "How to Repair Your Credit" video
live.pirillo.com – Credit is a difficult thing to manage, since it’s not as concrete as cold hard cash. Jason learned that the hard way back in 2000 when he started a business that eventually failed. He has since crawled out of his hole of debt and along the way has learned a lot of things that anyone dealing with debt would use.Here is a little bit of information on how Jason turned his financial life around:How to Get Out of Credit Card DebtWhat is a FICO Score?What is a Good Credit Score?How to Improve a Credit ScoreWhat is Credit?How to Manage Your Credit Card DebtCredit Cards vs Personal LoansFree Personal Finance SoftwareWhat is a Credit Card?How to Get a Credit Card with Bad CreditJason here, I wanted to share with you the whole story, not what was glazed over:The 0,000 figure came from multiple loans and credit card bills over a period of time (I was not encumbered with this entire debt overnight).After a variety of court procedures and legal agreements I wa
s able to significantly reduce the amount of money I had to pay out of my own pocket. The total actually paid out of my own pocket was ,000 for the entire debt.I worked at several jobs, but the first step to fixing my problem was by obtaining a minimum wage job.Since hourly work in the service sector can be spotty at best I often had to keep two or more jobs to maintain at least 30 hours worked per week. Some weeks I was able to pull in upwards of 60 hours, while other weeks I was only able to clock in 20.After working at several jobs over several years I was finally able to pay off my debts.I also owe a lot to my family who helped me pay for court costs and attorney fees.Thanks for taking the time to read this, I hope this answers any questions you may have regarding my debt.This video was originally shared on blip.tv by l0ckergn0me with a Creative Commons Attribution-NonCommercial-NoDerivs license.
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