Jan 26

Bad Credit Debt Consolidation

Posted in Credit Cards

www.debtplan.org Bad Credit Debt Consolidation, Consumer Credit Counseling, Debt settlement, Debt Negotiation, and Bankruptcy are subjects which will be discussed in A LIFE OUT OF DEBT. Please do not become discouraged or negative in anyway if you or your family are currently experiencing any of these phases. You are not alone, millions of Americans are in the same boat. Folks, the major culprit or vehicle which takes us to this crossroads is, unsecured debt. The good news is through credit counseling, and debt consolidation you can make it through these times, and move on to a less stressful life.

Visit CreditCardH.com to apply for a VISA Credit Card for Bad Credit. Finding credit cards for bad credit with no fees attached, especially if your credit is extremely bad, can be a tiresome and often unrewarding process. Countless applications, getting declined, can leave one feeling like its impossible or that these cards with no fees do not exist. In this article we will explore some of the ways to get credit cards for bad credit with no fees. Like an elusive beast on a hunt, these no fee credit cards for a poor credit rating are very difficult to find. To make matters worse, the internet is littered with credit card offers for bad credit, but these offers, due to the high risk nature of such a credit line are often quite expensive and require deposits or other funds for approval. In some cases you can find yourself already up to 0 in debt just for the courtesy of getting approved for your new credit line. So do these credit cards for bad credit with no fees even exist? The answer to this question can be a tricky one, as many answers are with the financial industry. The truth is, you are not going to be able to avoid the additional fees and costs associated with a new credit card for bad credit. The high risk nature of your credit rating coupled with the unsecured method of debt for card financing makes higher costs unavoidable, but all is not lost, as it is a matter of how the fees are packaged in your new card offer. Credit cards for bad credit with no fees are
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Jan 8


Posted in Bankruptcy

Question by come_on_kiss_the_gun: Bankruptcy?
I was just wondering what is the difference between Chapter 7, 10 & 13 bankruptcies. How did the new law that Bush passed now affect bankruptcies (or does it at all)? I’ve heard everything that you can’t file for Chapter 13 bankruptcy anymore to you have to take financial planning classes thereafter. Also, is it advisable at all? I know normally people say make it your last resort, but I am beyond in debt and do not have any other resolutions. Any horror stories after filing? Any positive stories? Please enlighten me.


Best answer:

Answer by fukinluckyfuker
I filed the week before the laws changed, but I know a little about what changed.

Ch. 7 is a liquidation, where your unsecured debts are discharged and not owed on anymore. Secured debts can be reaffirmed in some cases. This is the one that’s almost impossible to do now.

Ch. 13 is for debt restructuring. There’s a formula they use to see how much money monthly you can afford to pay back. If, when using this terrible formula created by the IRS, you can afford to repay even $ 100 per month, you must file Ch. 13 and settle out your debts, over a maximum 5 year period.

The dirty secret that no one talked about before the law changed, is that 4 out of 5 people who filed Ch. 13 BEFORE the change, failed. You miss one payment and the whole thing can get derailed. God help you if you lose a job, get injured, whatever.

There are also some “means” tests, where your income is compared to the average income for your area. If you make very little money, you may still qualify for a Ch. 7.

And yes, I believe that before anyone can file a BK now, you must meet with a non-profit credit counselor first.

Call a few BK attorneys. Get quotes on prices, and meet with a couple that are cheap but seem knowledgable. Most will give you at least a 30 minute consultation at no charge, in hopes of earning your business.

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