A few month’s ago, I started working with National Debt Relief to settle 2 credit cards….1 with Discover and one with Citibank.

I have had no issues until the other day, when someone from Citi called me to say they don’t work with debt settlement companies.

So, I have my debt settlement company telling me "don’t listen to the creditors, they are just trying to scare you", and then I have Citi telling me "don’t listen to the debt settlement company because they take your money and never pay us…a law was passed last year that we no longer work with debt settlement"

When I first enrolled into the settlement program, they said they did work with both banks, I had to provide my statements and they seem completely legit. I have a certain amount of money automatically being deposted into a trust account with the settlement company uses to pay off attorney fees and my creditors over a specific period of time.

How do I determine who is telling me the truth, and if my debt settlement isn’t working, what do I do with Citi? They did send me a letter asking me to settle…so what’s the difference if I settle through debt relief vs. settling directly through me?
If it helps, Discover has contacted me and is aware that I’m working with debt settlement and seemed more than okay with that. and they both sent me letters to settle for less than what i owe. it isn’t very much debt at all….just what I couldn’t pay off from my old lifestyle, after I had to move across the country and take a job making much less than i had before.

Technorati Tags: amount of money, attorney fees, banks, citibank, credit cards, creditors, debt relief, debt settlement companies, job, lifestyle, national debt, period of time, settlement company, settlement program, telling me the truth, trust account

There are different homes listed on the internet under bankrupt, but you have to pay/or type in your credit card number to get more info. Can you call banks in the area, and just ask if they own certain properties. Or how do you go about asking them what bankrupt homes they have for sale?
Thanks!

Technorati Tags: banks, credit card number

I live in Chicago Illinois, I’ve been waiting for my tax returns for months and months, and I’m probably not going to get it any time soon.The roads look like sh*t, all our banks are being taken over by the fed courtesy of ACORN. It’s official Illinois is broke.

And on top of that we have savage mobs of "youths" a.k.a. blacks all over Chicago attacking people for no reason. We’re over-run with illegals.You libs really know how to run a city. If we’re lucky we can look like Detroit soon.
ACORN does exist, just with a different name. They originally did the damage by making banks give substandard loans through the threat of racism, and now it’s finally catching up to them.
@Oystein
do you live in Illinois?
p.s. It’s a little tacky to post Am I hott? Rate me 1-10 questions?
/ha
Okay let’s look at the top 3 states closest to bankruptcy, California, Illinois, New York. All Democratic.
I’m an independent too.

Technorati Tags: acorn, bankruptcy, banks, chicago illinois, illegals, loans, mobs, racism, tax returns

I have an established relationship with Bank of America however there are several other smaller banks and lenders out there with better rates. What happens if you get a mortgage through a smaller bank or lender and they go bankrupt or get bought out by another company? Does it affect your mortgage rate? Is that the chance you take or is the rate locked in no matter what?

Technorati Tags: bank of america, banks, lenders, mortgage rate, relationship, smaller bank

Like many people in LAUSD are getting laid off, teachers, counselors, librarians and so on. Lets say they get off, they don’t have a job so they can’t pay their mortgage, or pay the loans to the bank, therefore lose their house…So many people won’t be able to repay their bank loans then the banks could possibly go bankrupt? Whats the process of a bank going bankrupt simplified? Basically, what are negative effects of the LAUSD layoffs on the economy?

Technorati Tags: bank loans, banks, counselors, economy, job, lausd, layoffs, librarians, mortgage

I can’t open bank account because I filed bankruptcy. The banks will not accept because of that. I have been looking for alternatives and while googling I found a thing known as "online account". They say that to open online checking account, i make opening deposit with credit card. Whatever I pay with credit card is my online bank balance. And that then they will mail me checkbook to my house. For depositing check, they said I should scan and email them the check I want to deposit. And that they will use those scans to process the deposit. They say they will also send visa check card through mail, and it can be used at any ATM. Is this scam or real? The online check account site says initial deposit must be 500 dollars using credit card or western union. Is this real or scam?
Also that I should scan and email copy of my social security and driver license for opening of account

Technorati Tags: atm, bank balance, bankruptcy, banks, checkbook, checking account, credit card, driver license, googling, initial deposit, mail, open bank account, social security, visa check card, western union

Bang the ghost of Christmas past hits you over the head with his mumbo jumbo wand and transports you back to Dec of 1998

And there you are — Your mission ? To tell yourself all the things you have to look forward to — Will you believe it or dismiss it all as rubbish ?

Free speech zones pop up in the US some with cages after an attack on US soil that left some wondering if the government was incompetent and others to speculate the government attacked themselves etc etc

Billion of billions have been spent on Iraq – in a war that toppled a dictator and left the US as an occupier — Yes tell yourself 10 yrs ago that the US would occupy some nation in the world —

The big 3 are close to bankrupt and 700 billion was printed to save banks and insurance underwriters – and then another 800 billion but the begging auto sector will not get the 85 billion they asked for

Have you kicked yourself out of the house yet ?

A black President is about to take command of the US

No one in power is going to do anything in the next decade to end illegal crossing of the border – China will sell your kids and pets some poison products and your government won’t be doing much about that either because — China holds most of your 10 trillion dollar national debt

Have you called the men in white coats to take you away yet ?

India and China are real players in the world economy and might be taking the lead away from the US at some point if things don’t change soon —

Ok — now are you in hysterics on the floor of wherever you were in Dec of 1998

Or have you believed yourself or just had your head smashed in by your 1998 self ?

—————————–

How many of you succeeded in your mission to tell yourself 10 yrs ago about all the things that have happened in 10 yrs ?

Technorati Tags: auto sector, banks, billions, black president, dictator, free speech, ghost, hysterics, insurance underwriters, mumbo, national debt, next decade, pets, poison, soil, taking the lead, trillion, wand, white coats, world economy

It’s affecting our economy badly. They were smaller banks, but still they were banks and they had gone bankrupt. We have a withdrawal of the troops in 19 months. Which means we have 19 more months of Military spending( A big source of our money goes on military spending during war time and occupying a nation during peace team as well). Consumers need to spend money but truthfully, it’s the spending that got the country in the bad spot as it is already. What do you think of our economy right now and how long will it take America to be strong economically?

Technorati Tags: 19 months, banks, consumers, economy, military spending, money, peace team, war time

The way I see it is down payment was decreased to the point where blacks and Mexicans were able to buy houses that they really couldn’t afford. I know the banks lend out a lot of money that would not be payed back. How did they profit from this? I heard that a third party would buy these loans, such as Lehman Bros., and then trick investors into investing money into things that had a fake triple A rating. But then Lehman Bros. went bankrupt, yet it still made money. How is that so?

Technorati Tags: banks, investing money, investors, lehman bros, loans, mexicans, third party

I don’t know how Countrywide can seriously say that they are "on your side." They’re a bank that engages in fractional-reserve banking, which means that they only keep about 10% of the money deposited in the vaults and give away the rest. The banks are basically committing fraud on a massive scale (such as how the government has given a bank cartel it created known as the Federal Reserve the power to create money out of thin air to buy junk investments with)

Thomas Jefferson recognized exactly how dangerous banks are. He was quoted as saying "Banking establishments are more dangerous than standing armies" and that was definitely saying something (especially if you remember how dangerous the Redcoats were).

How long until this bank goes bankrupt?

sources:
http://www.lewrockwell.com/rothbard/rothbard163.html
http://video.google.com/videoplay?docid=-466210540567002553
http://en.wikiquote.org/wiki/Thomas_Jefferson#On_financial_matters

Technorati Tags: banks, cartel, establishments, federal reserve, financial matters, fractional reserve banking, fraud, google, investments, massive scale, money, redcoats, standing armies, thin air, thomas jefferson, vaults, videoplay, wiki, wikiquote

Is this some kind of strategy by powerful people to become more richer? Or American is really falling apart? I am confused
where did that 700 billion go.. where did the banks invest all the money.. who has got that money now? someone has to have that money that all these banks lost? my question who?

Technorati Tags: banks, money

Question, About 5 years ago, I got in a situation I was unable to get myself out of and Filed for Bankruptcy. In addition to Credit Cards I filed on a Loan I got from a Local Bank. After the Finalization of the Bankruptcy, I got a not so nice letter from the Bank Manager, basically stating I am NEVER allowed to bank there again, Understandable… BUT… is there any loop holes.. I loved that bank, I even called to ask if I could pay it off,and they said yes, but it is too much for me at this time… But do the Banks records ever Expire? Like is there a MAX time frame they hold onto documents? Lets say I went back there in 10 years.. would they STILL have my bankruptcy on file and deny me service? ** If I haven’t pd them back** – THANKS

Technorati Tags: 10 years, bankruptcy, banks, credit cards, finalization, local bank, loop holes, max time, time frame

I would like to hear from people who filed and experience chapter 7 bankruptcy. I want to know to if it actually stays on your credit report for 10 years. Is it also possible to get an apartment and a checking account from credit unions or banks?
it’s medical billings idiot i never borrowed money. It’s people like you that didn’t want obama to pass the free health care bill!

Technorati Tags: 10 years, apartment, banks, chapter 7 bankruptcy, checking account, credit report, credit unions, experience chapter, free health care, health care bill, medical billings, money

All these Republicans are screaming about how they want to take the country back, whatever that means, but they sure weren’t saying this when Bush, arguably America’s greatest failure, was in office and screwing everything up.

Hop on my magical carpet and let’s review the Bush years:

–complete collapse of the economy
–banks going bankrupt, insurance companies going bankrupt, car companies going bankrupt
–unemployment spiraling out of control
–beginning of huge budget deficits
–started wars with the wrong countries
–torturing our enemies and denying them basic rights
–tried to appoint his secretary to the Supreme Court
–could barely speak the English language
–failed Iraqi War policy costs us nearly a trillion dollars and thousands of lives
–passed huge tax cuts but then ran up huge deficits (how exactly does this make him conservative?)

It’s almost painful to think back to those days. It really does hurt to remember that an incompetent and completely clueless person like George W. Bush once occupied the White House.

So, again, where were all these "Take Back America" people when Bush was turing into dust everything he touched?

Technorati Tags: banks, budget deficits, car companies, collapse, economy, enemies, english language, failure, george w bush, insurance, insurance companies, iraqi war, magical carpet, republicans, supreme court, tax cuts, trillion, unemployment, war policy, white house

I would like to hear from people who filed and experience chapter 7 bankruptcy. I want to know to if it acutally stays on your credit report for 10 years. Is it also possible to get an apartment and a checking account from credit unions or banks?

Technorati Tags: 10 years, apartment, banks, chapter 7 bankruptcy, checking account, credit report, credit unions, experience chapter

and what about open lines of credit? do the banks close them on you?

Technorati Tags: banks

I don’t quite understand how Lehman Br. and all those banks have gone bankrupt. What causes them to do so?
Thanks.

Technorati Tags: bankrupt, banks, br, lehman

I had very good credit. Two years ago, however, I was forced to lose my home to foreclosure. Actually, it was two houses. After that, my big credit cards were cut or reduced, however, I never stopped giving payments. I’ve always been in good standing. I always give more than the minimum payment. Things were okay after the foreclosures, I could still afford to pay my balances, and it was all just alright.

However, about maybe 3 months ago, I started thinking about filing for bankruptcy. My cards weren’t maxed out, but I was still finding it a little bit harder to make payments. Then, business started thriving again, and that’s where I started spending more. I’d never maxed out my cards. Now, they are full. So, basically, three months later, I find myself in the same situation. Business has gone down once again (even worst than the first time) and now it’s getting tougher and tougher to make payments. Up until this month I still made some big purchases. A dslr camera, and somethings because I could still afford it. 2 months ago I bought me a fridge (2,000) dollars. Business is completely dying, but I’m afraid of filing from bankruptcy and having my things taken away… How long should I wait before I file for bankruptcy? I’m also afraid of being charged for something I honestly had no thought of doing (stealing the banks so much money) I would say I’m about 10,000 dollars in debt (i know it’s not a lot, but for me at the moment it is…)

What should I do? How long would it be reasonable to wait so the court doesn’t think I went and maxed out my cards before i filed for bankruptcy? (seriously, that was not my intention) A couple of months would be good? With my small savings I think I could still afford to make the minimum payments… HELP
I don’t know what I was thinking when I said I’m 10,000 (I was thinking just about a few cards) dollars in debt. I am about 50,000 dollars in debt. If not, more. Like I said, I had great income, and very big cards.
Spalmer: I’ve always known how to manage my credit. I’ve never been a big spender. My business was a thriving one for 14 years. I’m a wedding planner, and believe it or not, I made the big bucks there. Somehow, things are not the same. I also had another business, a small landscape designs. Things happen. At the end, yes, I might have spent much more than I should have, but i DID have the money to do so. Its just that you never think something bad is ever going to happen to you.
I’m sorry not saying what my income was. It’s about 100,000 but, like I said, I’m nowhere near making that. I do not own expensive car. The home I recently (2 yrs ago) purchased I bought cash.

Technorati Tags: banks, credit cards, dslr camera, filing for bankruptcy, foreclosure, foreclosures, intention, little bit, minimum payment, minimum payments, much money, three months

You say you can file, but get it dismissed and not actually go bankrupt? How do I do this?

Also, I AM in a judicial state with homestead which is Florida. You say you’d just demand the note. However, I’ve heard from all these Republican bank-loving idiots online say these banks have all the records and we commoners can’t really demand them anyway without an attorney. Is that true? If not, how can I do that now and just get out of this mess?

Technorati Tags: banks, commoners, homestead

I heard there’s ways to pay off debt for like 10% – 20% of what you owe. I’m just wondering how this works and how I can do it. I need to get out of debt fast as I need to rent an apartment. I would also like to get a new car, but I am ,000 seriously past due.

Please help me. This is getting so out of hand. Everytime I turn around I have another bill. I know I need to stop spending. I plan on buying that Rich Dad, Poor Dad book soon, but I just want to get out of debt.

I will be working an awesome job this summer and it would be a shame if that money went to waste on something. Which is why I’m looking for advice now before it gets to be too late.

I am looking at about grand to credit card companies, grand to hospitals and grand to banks and old phone bills.

Technorati Tags: apartment, banks, credit card companies, dad poor, hospitals, job, money, new car, phone bills, rich dad poor dad, rich dad poor dad book, shame

Why large banks or institutions can’t go bankrupt? I know that this would be a problem for economy but how exactly huge bank’s bankruptcy would result to economy?

Technorati Tags: bankruptcy, banks, economy, institutions

I am a first year college student at Dartmouth College and have taken out a hefty amount of loans for my first year tuition. I know with the recent Wa Mu bankruptcy, that many other banks are in danger of following in Wa Mu’s footsteps. If by chance Citibank were to collapse what would become of my loans. And with our recent recession, how will I be affected in my ability to attain loans and secure a job post graduation?

Technorati Tags: bankruptcy, banks, citibank, dartmouth college, first year college, footsteps, job, loans, mu, post graduation, recession

My husband owes banks line of credit ( bad advise from financial person now nowhere to be found) and personal credit at about 15K, what should we do? We have managed to find a buyer for our house for 250k house is worth at least 329k we have good equity of about 160k but due to the market we will loose about 40k and walk away with about 90k. What should we do? should we file bankruptcy at 0.00 per week as per bankruptcy lawyer chp 13 ( we can not manage that hubby only earns about 600 per week average) so we could loose everything maybe end up in chapter 7 i do not want to end up with foreclosure on my credit as well because my name is on our house also. H-E-L-P I have heard that we could get someone, maybe a lawyer to negotiate for us with the banks as they would get about 50 cents on the dollar in bankruptcy anyway?

Technorati Tags: 50 cents, bankruptcy lawyer, banks, chapter 7, financial person, foreclosure, hubby, personal credit

talk to the bank about this situation? Do banks lower the balance and work with a customer in trouble, to help resolve this problem?

Technorati Tags: banks

I have at least ,000 in hospital bills, i owe 2 banks total about ,000, 2 apartment leases ,000, IRS 3,500, Credit Card 0, a car REPO about ,500 and i am only 24 years old. What should i do? I’m a full-time college student and work full-time and i can’t get a second job. PLEASE HELP!!!!

I was thinking about paying one of those credit companies 200.00 to clean up my credit or should i just file bankruptcy?

Technorati Tags: 24 years, apartment leases, bankruptcy, banks, car repo, credit card, full time, hospital bills, irs, second job, time college student

Long story short..
My home is 0000 upside down. I have two mortgages. I’ve had to relocate out of state and I can’t afford the mortgage and my new rent with my new lower salary. I don’t plan on moving back into the house. I would like to sell the house but like I said… I bought it for 8000 and it’s now worth 0000 and dropping. I have decided to stop paying my mortgage (not easily, I’ve been thinking about it every day for almost 2 year). I’ve used up almost all of my savings to fill in the gaps. I have no assets. I have a great credit score and no other debt but my home right now. I know that banks will foreclose eventually. I’m worried about getting a deficiency judgment. I’ve read that filing for bankruptcy is an option but does it make sense if I have no other debt? Can I even qualify? Should I wait and see if they even try to get a deficiency judgment first?

I don’t want to hear anyone talk to me about responsibility, I KNOW that I got myself into this mess. I need to know how to get out of it or make it less messy. Thanks.
The house is in Nevada. I have rented it out but I’m still in the red every month. I know my credit will be ruined and I can accept that. I just need to know what I can do to prevent or decrease the chances of a deficiency judgment. Again, if my only debt is my house can I file for bankruptcy and should I. Is there a chance that I won’t get a deficiency judgement? I make an ok salary, but my mortgage and rent alone leave me in the red every month not to mention all the other expenses associated with survival! I just want to know the best way to start over with my life.
Thanks.

Technorati Tags: 0000, assets, banks, credit score, deficiency judgement, deficiency judgment, filing for bankruptcy, gaps, life thanks, mortgage, mortgages, salary, survival

Do you think that individuals who have credit cards, but can not pay more than the minimum payments (which means they can not pay back that debt) or all individuals who have ever filed bankruptcy are immoral? Interesting question here. Just curious what others think?
Interesting answers. I have to agree with maxbegood on this one, as this individual has actually gone through the process. I have absolute compassion for people who are in debt, because I know what it is to be in this situation. I am working hard and will pay off all my debts one day, but unfortuneatly in this great country of ours, came credit cards and with that came close to usery limits by banks with promotional encouragement to consumers to spend more then they had, without being educated in how seriously hazardous this can be. I think it is imperitive to get kids off to the right start teaching them about money, principle and interest. There is such a huge divide in this country between the rich and the poor, and it is getting wider. I am not sure why, but I think that many people who have little money are more moral than others who make a good living. A person who has nothing, and gives a penny is more than the sacrifice of a rich man. It is biblical. Good topic though.

Technorati Tags: bankruptcy, banks, compassion, consumers, credit cards, debts, encouragement, minimum payments, money, principle and interest, rich man, right start, sacrifice, unfortuneatly, usery

some credit card companies if you settle a debt with them for less than the amount owed the IRS will tax you on the rest as income
while tax payers have bailed out banks and now they are making huge profits

Technorati Tags: banks, credit card companies, irs, profits, tax payers

A lot of bills, unemployed, it’s too much now
I had to put a lot of my college tuition on credit cards because I expected I would find a job after (graduated 08)

Bank of America after that new law was passed for banks and/or creditors to increase their rates
my monthly payment went from 150$ to 300$
I have 1,000$/mo. in bills and only make 600$/mo from unemployment
I’m wondering if I can kind of selectively go bankrupt on this
I figure if I just don’t pay that I’ll only be at a negative 100/mo
I live out of my car and don’t eat much so gas/food is pretty low.
Only I usually had to put them on a credit card. A different card.
Not paying this one bill will probably cut off my other cards too?
I have really good credit and I was hoping to hold on until I could find something but I can’t and once i find a job I’ll have another 500$ in student loans.
I either need a good paying job or 2 or 3 regular ones but I have to acquire them at the exact same time because of that student loans. Right now I can hold up some of it with unemployment deferment
not sallie mae, you can’t defer private loans for any reason
I’ve already sold most of my things. It doesn’t hold up too long

I just want to stop paying bank of america
How bad will it be?

Technorati Tags: bank of america, banks, college tuition, credit card, credit cards, creditors, gas food, good paying job, mae, private loans, student loans, unemployment

I am disturbed by the bail out plan of the automobile industry under consideration. In the past, Washington had supported and granted billions of dollars to the auto industry. Today, there is little hope in the near future for the auto industry to recover. Car manufacturers from both China and India will only exacerbate the problem as those country ramps up their capabilities, making a crowded and competitive markets space worse. With all likelihood, the automakers will be back for another handout in a few years.

There is no seriousness or commitment by the automakers to change. They had approached Washington the first time without any real plan to turn things around. Obama had said he was disappointed at the automakers for approaching Washington without a turnaround plan. This is their second time back and now they come back with a cocktail napkin plan, but it is doubtful that any of the those plans will ever be put into action.

The automakers had many chances to improve and set a course for the future. Environmentalist in the United States had pushed for greener cars for years, but the auto industry had resisted and sabotaged their efforts. U.S. automakers problems are their own product. If U.S. automakers had accepted the environmentalist challenge and led the charge, the Japanese green autos would not the better selling green autos. They have no one to blame but themselves.

Some people argue that we are compelled to save the auto industry, regardless of how distasteful. If we don’t act to save the auto industry, massive layoffs will result and that will only worsen the unemployment and the economic recession. Some also argue that we’ve bailed out banks, why should’t automakers be bailed out as well. I believe the key difference is whether the automakers in their current form are sustainable. For bank bailout, we don’t expect the banks to come back year after year for more money. However, everyone believes that this will be likely case for the automakers. If the automakers are unsustainable then layoffs are inevitable and rise in unemployment are inevitable. We’re simply prolonging the agony.

For national security reasons, it is unwise to allow all of the automakers to go bankrupt. However, we should let the field shrink and support the strongest left standing. It should be noted that by allowing the antiquated automaker to pass; it is possible that a new, better suited companies may rise to take their place. For instance, Tesla motors (www.teslamotors.com) which makes green autos may have better opportunity to enter the market. In effect, we may be damaging the long-term health of the U.S. auto industry by further supporting the Big 3 automakers by preventing more innovative young upstart companies from taking their place.

Please join me by writing a paragraph to your congressman telling them that you do not support the auto bailout. Please click on the link below and choose your state to send an electronic message. It doesn’t matter if you old enough to vote or if you’re not an active voter. It is an IMPORTANT issue and you should let Washington know how you feel!! Thank you.

Click here:
http://www.senate.gov/general/contact_information/senators_cfm.cfm

Also, let me know if you agree or disagree with my remarks.

Technorati Tags: auto industry, automakers, automobile industry, bank bailout, banks, billions of dollars, car manufacturers, cocktail napkin, competitive markets, economic recession, environmentalist, greener cars, likelihood, little hope, massive layoffs, ramps, second time, seriousness, turnaround plan, unemployment