debt consolidation program reduces the total amount of the debt with my creditors. I am interested in knowing why will the creditors reduce the total amount and why will this program offer me lower monthly payments? Thanks Shane

When you are negotiating with your debt collectors, use your consumer rights and keep a record of all the communication done. You can hold your debts in the following ways: [list=1]

Learn your rights: A debt collector should play fair games while collecting the debt form you. Get a free brochure on debt collection from the National Consumer Law Center at (617) 542-9595. Many states have their own set laws.

Are you a credit repair company? I have a few charge-off accounts in my report. They are causing big trouble. My score has decreased by 80 points. I want to remove these, can I?

Thanks to this forum that makes me interact with people from different places. We all come to this platform to share our debt related problems and offer suggestions. We hope that my opinion might be really valuable to someone hit with hard times. I often see a lot of people here falling in the traps of Payday Loans. If you want a sincere suggestion, do not take such loans. These loans are advanced to you and money is taken out from your monthly paycheck.

I am far behind with my bills. Debt amount is increasing rapidly and it's just going beyond my reach day by day. Collectors are calling me and threatening of garnishment. I've decided to take a payday loan. These payday loans are really easy to get. When I started searching for good payday loan company, I found this site. And truly speaking, I am confused now. How much risk is involved with these payday loans? I need one to pay my bills only.

Hi You can legally stop all the harassing phone calls from the collection agencies. You can send a cease and desist letter via certified mail to a collection agency and request them to stop contacting you. However, make sure you have a copy of this letter for future reference. Once the collection agency receives this letter, they are required to stop communicating with you under the FDCPA law. They can only inform you about the actions that will be taken against you.

After trying different techniques of stealing identity, id thieves have selected a new strategy. They are stealing the PCs of different commercial houses thus getting the secret information of a huge number of people just with a single mouse-click. One PC has been stolen from a TransUnion office in California last month. Needless to mention that furtive information were stored in these computer. Technical experts have opined that the hard disk of these machines are easily accessible by hackers, as they use latest techniques. Lots of people are feeling unsecured from this incident.

debt collectors often try to pressurize you by making you pay on some non existent debt. This debt can even become legal and you will have to pay for it. collection agencies doing illegal business will purchase charged off or time barred debts and start contacting you. Suppose they call you for a debt of $10,000 which you don't owe. They will frame it in such a way and making you think that you owe this debt. You think of ignoring this call as it is a charged off debt and is not shown in your credit report.

Hi, I've few student loans (Unsub. Stafford Loan). I would like to know what is the right time to consolidate. I was told that I can consolidate when I am in school or during the grace period also.

how do you get ahold of town and country for pay day consolidation