amusic.mana asked:


I am paying off my cards which are over 5 yrs old, and they’re giving me settlement amnts to pay them off. Most of the balance is late fees, my credit is slowly going up. Am I going to have problems in the future getting credit if they ve seen that even though I paid all my debt, I chose to make a stlmnt amount to close it? Anyone in similar boat?

Create a video blog

Smiley asked:


Does it matter the amount – settled ?

Caffeinated Content – Members-Only Content for WordPress

DF asked:


Is the credit settlement companies the way to go? or is settling with the actual company?

Caffeinated Content

England Chick asked:


I am young and went a little over on my credit cards. I have about four credit cards and it equals up to about $4000.00 they are already in collections and are closed. Due to me being out of work and having some other personal problems I wasn’t able to pay anything for several months. I was lucky and was able to save a little over a thousand dollars from working two jobs. I want to call them to try and settle one company already sent me a letter saying I could settle for about a hundred and I owed six hundred. How should I go about settling with the other credit card companies?

Caffeinated Content

nextvideogamedesigner asked:


There was a commercial on TV about a certain debt settlement agency.
One of the main differences about this company is that it has a cash back program. I think that you receive cash everytime you pay a bill on time (or something like that.)
I tried to get the phone number, but I didn’t get the full number in time.
Does anyone know the phone number or have any information about the comapny?
Thanks.

Caffeinated Content

Hayden’s Mommy & #2 due Nov! asked:


I’m back in hope of getting some answers for my friend and her family. She is considering filing for bankruptcy, but we were discussing those companies that help you consolidate your credit card debt.

How do those “debt settlement” companies work? What is a name of a good one? Is there another way to consolidate your credit card debt? Don’t those companies let you pay less than you owe?

Sorry for the million questions! I know nothing about this topic. Thanks!

Create a video blog…instantly.

Smiley asked:


Does it matter the amount – settled ?

Caffeinated Content

mirkatuveri asked:


Can I use form 982 to file insolvent on remainder of credit card debt that I settled eventhough I do not own real property or have a mortgage?

Create a video blog…instantly.

Courtney A asked:


I have had a rough year filled with the birth of my daughter,several surgeries, my work closing abruptly, and my husband leaving me. In this last year, I have used my credit cards to pay for bills, food, gas, baby supplies, basically they were my crutch. As soon as I get them paid off I am cutting them up and never opening one again…..

…In the mean time, I need some help or advice from someone who has had maxed out credit cards before and settled with companies….

I have a maxed out target credit card with a limit of $6,000, and $500 and growing in fines. This is my second time maxing it out, I paid it off in full the first time.

I also have a Discover credit card with $3,000 limit, and $200 in fines.

I haven’t paid on either of these in over 4 months.

When I get my tax return and financial aid check from school, would either of these just accept half of what I owe them if I offered it to them in whole? Would Target just accept $3,000, and consider it good?

I’ve never done this type of thing before, but I have a friend who said that her mom has done it several times, and I’m just thinking it’s something to look into, and debt advice would help.

Thanks..
Target calls me every 3 days or so. They are trying to get me to work out sometype of payment plan, and there’s one that lowers the payments for 6 months, I could afford that, and by that time it will be tax season.

Discover doesn’t have my vurrent phone number, but I’m sure if I gave them small payments of some sort, they can’t turn me over to collections as I would be trying to make payments. Thanks for the advice!

Caffeinated Content – Members-Only Content for WordPress