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Ed 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 disabled and falling in debt faster than i can handle. I am barely staying alive with trying to feed my family. I am behind on my mortgage and regular bills (utilities). I stopped paying on my credit cards just to try and keep my utilities from being disconnected. credit card companys are calling me constantly for there payment. I don’t even have the money to pay the lawyer for claiming bankruptcy. I don’t know where to turn. please help !! What can I do??? Ed” Dear Ed, You’ve done the right thing by stopping payments to the credit card companies. You need to focus your repayment efforts on the mortgage and utilities at this point. What I don’t know is if you can reasonably expect to be able to afford your mortgage any longer. It might just be that will your reduced income that you can’t afford the home. In that case you should give the home back to the bank and then go bankrupt to eliminate all your past debt, including any money the bank may want from you following the foreclosure of your home. I am assuming that you have little to no equity in your property. At that point you can stop running for cover all the time and just focus on building a safer financial future for you and your family using what you’ve got coming in each month. There are self-help bankruptcy materials available and you can usually get free bankruptcy forms from the local bankruptcy court. If you decide that you can move then you can stop making the mortgage payments to save a rent deposit and to file for bankruptcy . That should allow you to do what needs to be done. Big hug. Steve Source: Ed is Disabled and Falling in Debt Fast. What Can He Do? Other Related Articles to Read Kayte Has Drained Her Savings And Can’t Pay The Bills Anymore Louis Says “I Feel Like Killing Myself Because of My Debts” Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas Soon, Where You Shop Will Control Your Credit Josy Writes “My Real Estate Business Is Going Down The Drain”

Trisha 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 and heavily in debt. I was living with my husband (we are legally separated) because of finances but recently I moved out. I am not behind on my payments at this time because I didn’t have to pay rent, utilities, etc. It is only a matter of time before I can’t make my credit card payments. I don”t know what I should do. Help!! Should I file bankruptcy? Trisha” Dear Trisha, Your situation is fairly typical. When a couple splits they now have two households to maintain on the same income they used to maintain one. Divorce and separation is often the event that leads one or both partners to bankruptcy . I suspect that the only reason you are not behind yet is that since you recently moved out, all the new payments have not hit yet, or that you are using what little saved money you might have to make ends meet. I think that you should use this event to not only start your marital life over but your financial life as well. If you do decide to go bankrupt it will eliminate and debt in your name and remove your liability to repay any joint debt that he has said he would pay. The most important thing to remember about divorce is that even if he agrees to pay a debt that you might be jointly responsible for, it is still your responsibility to repay that debt if he does not. When you get divorced, you divorce your spouse, not your creditors. Before you make any decision and certainly before you send any more money to creditors, I think you should find and meet with a local bankruptcy attorney for a free bankruptcy review . Get a legal opinion from the bankruptcy lawyer about what bankruptcy will mean for you and then make a choice about what you want to do. If you decide to not go bankrupt than come back and let me know. I’ll come up with a Plan B for you at that point. Big hug. Steve Source: Trisha is a Single Mom, Separated, and Facing Bankruptcy. What Should She Do? Other Related Articles to Read Diana Is Struggling to Make Credit Card Payments And Afraid Kayte Has Drained Her Savings And Can’t Pay The Bills Anymore Free Bankruptcy Review Request April Wants To Know “As A Single Mom, How Do I Get Out Of Debt?” I’m Afraid I’m Going To Get Laid Off. How Will I Pay My Bills? What Will I Do?

Kam 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, Over $70,000 in credit card debt has been charged off from the original creditors and now reside with multiple collection agencies. One of the charges is approximately $30,000, which I pay $200 per month (to Creditor’s Interchange). I have ignored the various other collection letters/calls because they want money from me that I just don’t have. I’ve just received a letter from an attorney regarding one of the accounts (over $9000). Bankruptcy isn’t an option because my husband’s parents have money invested in accounts that list my husband as a joint or secondary and we were told that if we filed, they would take half of that money since my husbands name was on the account. My husband doesn’t know the extent of the debt and I’m afraid to tell him. We had a discussion about debt about 8 years ago when we owed about $3,000 (total) and he had a fit, yelled, screamed and didn’t speak to me for two months. I feel like I’m drowning… What do I say to that attorney? Do you think he’ll accept payments of $50 a week? That is the MAXIMUM I will be able to afford. Then, how do I address the other collection agencies? I’d like to pay them something to start repairing my credit, but I can’t give them what I don’t have! Thank you. Kam” Dear Kam, If your husband is a joint account holder and jointly responsible for the debts than he deserves to be told the truth. Of course, his ignorance about his personal finances is not an excuse to behave badly. He has a responsibility to look at his credit report at least once a year to see what it out there in his name. If he had seen this early, and you’d had an unpleasant confrontation, you probably would not be where you are today. What typically happens in these situations is that when one spouse comes clean with the other, things are a bit tense and chilly around the house for a week or two and then it thaws out and the two get to work on resolving the problem. I think the attorney letter is designed to scare you but it could also lead to you being sued for the debt to recover what you owe. If you are sued, your husband will find out about the debt when he is called to court. And if the creditor wins, which they almost certainly will, the creditor could garnish his wages or go after cash in the bank to pay off the court award. This is quite a hole you’ve dug yourself in but the best and most responsible thing you can do at this point is to be honest with your husband, accept responsibility for your actions and stop trying to solve $70,000 of credit card debt with $50 a week payments. That is not going to solve a thing. Even without fees, jacked up interest, and penalties, the monthly minimum payment on $70,000 of credit card debt is going to be about $3,750 a month to dig yourself out of this mess in the next 10-15 years. You are not making anything better by avoiding the reality of your situation. Take control, take action and in the long run, it will work out for the best. Big hug. Steve Source: Kam Says “I Have Charged Off Debt In Collections And I’m Scared to Tell My Husband” Other Related Articles to Read What I’m Reading and Watching Today Hank is on Disability And Wants to Borrow From His Retirement Plan to Pay Off Credit Card Debts Karen Writes In. “My Interest Rates Are Going Up. My Minimum Payments Are Going Up. Help!” Government Help With Credit Card Debt MJ - “I’m Ill, I’ve Got Bills, And I Don’t Know What To Do”

Great Muscle Gains - Gain Muscle Naturally Fast November 19th, 2008 by Westy When you are trying to gain muscle there will be some gain of fat, but the Gaining Mass program will help you to gain the best amount of muscle and the physique that you are after. This program will help you to gain the muscle while keeping the fat to a minimum. There are some great bonuses that come with this program such as logs where you can keep track of your training, software that will also allow you to keep tr

Jasmina 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 have $46,000 in debt. Three are personal loans and four are credit cards (reason: in last two years I had four deaths in my family, funeral expenses). I don’t have any late payments and all my accounts are current. Is there anyone who offer consolidation loan for so high amount of debt for nonhomeowners. Also, all of these debts are on my and my husband name. Annual income $72.000. If I can put them all in one I can save a money in 6 months for a downpayment to buy a house. Right now we pay for rent $650. I am from Bosnia and live here for eight years only, so I don’t know a lot about this and any advice will be helpfull. Thank you Sincerely, Jasmina, Saint Louis “ Dear Jasmina, I’m so sorry that you’ve had to deal with so much loss, both emotionally and financially. Your situation and story is sad, but sadly not all that uncommon. I understand your desire for a debt consolidation loan. It is the solution that many think about when trying to get out of debt. The honest reality and chances of you finding a reputable lender to give you an unsecured debt consolidation loan are slim to none. Especially in this economic climate, lenders are more nervous and skittish than usual. They went from being really loose to now, really tight and stingy with their money. The only guaranteed debt consolidation loan out there would be to claim a massive number of tax exemptions on your withholding, you’ll get more in your paycheck that you can use to pay down debt and then at the end of the year you’ll owe the IRS money for all the taxes you didn’t pay. If you’ve never had a defaulted repayment plan with the IRS or a current payment plan now, they’ll let you pay the tax back over time at a low interest rate. I’m not sure how reasonable that approach is since you’d now owe the IRS, that can’t be discharged in a bankruptcy , instead of unsecured creditors, that could. But as I sit here and think about this approach I can’t help but chuckle that for many people it is a low cost way to consolidate debt and pay it off, with some risks. I’m not sure why I never thought of this before. Thank you. Even if you don’t get the free debt consolidation loan from the IRS, you can still start to payoff your debt with what money you have by following the debt snowball approach. The only other options would be to explore a debt management program that will allow you to make one monthly payment, but it is not a loan, and it can impact your credit report . Big hug. Steve Source: Jasmina Wants a Debt Consolidation Loan After Paying For Four Funerals Other Related Articles to Read John Wants to Know “If I Consolidate My Debt On One Account Will It Hurt My Credit Score?” Government Handing Out Secret Bailout Money to Pay Off Credit Card Debts New Scam Aimed At Desperate Consumers Looking For Government Loan or Free Government Money Banks in the UK Force The Sale of Homes Over Credit Card Debts How to get out of debt with Citibank

Valerie 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 had an American Express business account. I ran it up to $2000 when my husband was in the hospital for 4 months and couldn’t pay it all at once. I finally paid it off in about 2-3 months. When I paid it off completely, they cancelled my card. They said the reason was that my “other” credit was bad. I called and pleaded with them; to no avail. They told me to reapply…….Yeah, right! Is Amex going bankrupt or something. This was the only credit card I had and am sorry that it’s gone. I heard that a lot of credit card companies are doing this. It was a real “credit card” anyway. I had to pay off the entire balance every month. Valerie” Dear Valerie, Basically, they took their ball and went home. American Express is a very unusual creditor, they really don’t play nice. And they never forget. Your situation has less to do with you personally than it does with the rising default rates of Amex account holders. Really all AXP is doing here is trimming accounts they no longer wish to have as customers. You’ve been dumped. American Express is not alone in this culling of customers wave. Many other creditors are kicking customers to the curb as well. American Express, the fourth-largest U.S. credit card issuer, offered more credit to more customers even as the housing crisis began last year, and is paying the price as delinquencies rise. Adding to its difficulties, its main sources of funding have grown more expensive as secured and unsecured bond markets have shut down. Analyst Whitney, however, said her primary concern about American Express was consumer credit losses, and not funding. “Our concerns for American Express and other consumer lending-related stocks continue to be worse-than-expected credit losses,” she said in a note to clients. It is possible that your credit score and credit report could have taken a hit over all of this but you won’t know till you get a copy of your consolidated credit report and take a look. The comments by American Express make me concerned that there is other bad information reported about you on your credit report that needs your attention. The last thing you want to see on your credit report is a note from American Express saying “Account closed by creditor.” At this point, you will be leaving home without it, for a long, long time. I know breaking up is hard to do but it is time to move on. There are plenty of other companies that would like to give you credit so I suggest that you use this link to find a credit card that will be the best fit for you. There is no worry, even if you have bad credit or fair credit, a credit card offer is still available and waiting for you. Now that your only credit card company dumped you it is more important than ever that you get another credit card and pay it on time to get new good credit flowing into your credit report . It’s time to pack up all the old memories from Amex, put the in a box and shove it in the attic. They are not coming back. Big hug. Steve Source: Valerie And Her Vanishing American Express Card Business Account Other Related Articles to Read BB Owes American Express $40,000, She Can’t Pay It, Bill Collectors Are Starting to Call 3 Percent Of Homes Have Utilities Now Disconnected American Express to Cut 7,000 Jobs. Experience The Freedom Of Joblessness. ML Writes In, “I Can’t Pay My American Express Card.” Somali Pirates Are a Good Credit Risk. Maybe They Need An American Express Card?

by Eric Jilson When it comes to money, parents usually have somewhat vague advice for their children. This “wisdom” may be all your child needs, however, to learn good financial habits. Getting Started The first part of teaching your child good habits is to engage their interests. One good way to do this is to start giving your child an allowance; they should put part of it toward spending and part toward savings. Let your child use their own judgment on where he or she wants to spend the mon

A couple of weeks ago, I was contacted by a Japanese customer who called himself Kenny Moore and used the email address (kennymoore011@hotmail.co.uk). “Kenny” wanted to buy a series of large format framed prints. Having recently read in the news about how strong the yen is against the dollar, and how many Japanese are buying lots of American goods right now, I didn’t think anything of it.   My usual policy is to wait until I have full payment up front before beginning a print job, and with an

I love my cousin Amanda very much. She has always been a very jolly and vivacious girl who can brighten up the ambience of a room with her dazzling smile. However sometimes things go horribly wrong with people when they least expect it. This is exactly what happened to her life. She was in the second semester of her graduation and was doing well in her studies. During this time she started dating a guy named Thomas in the university. We saw nothing wrong in that. However she wanted to live in w

Bad credit can be financially crippling when trying to apply for a credit card or a loan or even more of a problem when applying for a mortgage. Bad credit can cause many sleepless nights and family stress, while trying to acquire a mortgage for your new home. It is very easy indeed to lose your good credit status, a few late payments, or one missed payment can seriously damage your credit rating. A couple of weeks off work, sick, or some unforeseen large payment can easily damage your cred

by Westy The real story behind No Bull Bodybuilding is as interesting as the program itself. During the sixteen years that Marc worked on his own bodybuilding approaches he could not find the results that he wanted. Finally, hitting upon the right approaches he began to see results after only ninety days. When you are looking for the right approach to bodybuilding you will have to determine how much time you are willing to waste on programs that do not work. If you want a program that is

BEIJING: Ask the Internet “When is the best time to retire?” in English and you will get more than 1.5 million replies, most of them offering financial advice and warning against early retirement. Source:The best age to retire (The Star)

Find More Time in Your Day November 16th, 2008 admin Posted in Health advice in dentistry | No Comments » Author: Andrea Spenser Many of us have come to say this on a fairly regular basis, as our lives become more and more cluttered with things to do.  Life seems to be getting faster, fuller, and more frustrating and we seem to be striving to make sense out of how it all got so out of control and what we can do to reclaim some balance in our life.   Whether you work full-time outside of

It is not about how much you earn, it is about how much you save. You cannot build wealth without saving money. Saving money is achieved by spending less money than you earn. Saving money is like trying to fill a bath tube with water, you will first have to patch up the leaks. Here are some of the steps I have taken to patching up the leaks. 1. Gained More Self-Discipline Self-discipline is the ability to put off gratification now to gain gratification later. Self-discipline is what separ