Where can I find debt advice?
admin | Dec 19, 2010 | Comments 2
Question by rockinrobin523: Where can I find debt advice?
I am looking for someone ( I am willing to pay a fee) that will just talk to me about my current financial situation. I just need a fresh perspective. I don’t need to hire anyone to solve my problems or “Fix a budget” or give them my check so they can pay my bills. I already know how to do that. I just want to talk to someone. I keep hitting brick walls and I just want to talk to an outsider with a new look. Maybe caution me what I am missing? I know there is a solution to my financial problem, I’m just not coming up with it. Any thoughts?
Preeminent answer:
Answer by bear naked
Credit counseling is a administer offering culture to consumers about how to avoid incurring debts that cannot be repaid. This administer is really more debt counseling than a function of credit culture.
Credit counseling sometimes involves negotiating with creditors to establish a debt management plot (DMP) for a consumer. A DMP may aid the debtor repay his or her debt by working out a repayment plot with the creditor. DMPs, set up by credit counselors, usually offer cut-rate payments, fees and interest tariff to the client. Credit counselors refer to the terms dictated by the creditors to determine payments or interest reductions offered to consumers in a debt management plot.
What do you reckon? Answer below!
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I reckon this would be fantastic for you. Order Oprah’s Debt Diet plot, it is fantastic!!! Very informative and it does exactly that, give you a new perspective.
I also like the BOOK, “PAY IT DOWN”, it helped me cut some corners I forgot about. Make the Debt Diet DVD too!
http://www2.oprah.com/money/debtdiet/money_debtdiet_main.jhtml
Excellent for you!!!
Two thoughts
–Most of what has been said is valuable, but, to pay off your debts quickest use the following formula. Initiation with the amount owed to each creditor and divide this by the smallest payment required. For ex., owe $ 500.00 and must pay $ 50.00. This gives you the upshot of 10. Do that for each creditor that you owe. Any amount that you pay over the total of smallest payments is sent to the creditor with the lowest number. When you pay off the lowest number creditor, then go on to the next lowest number, etc. The person who told me about this read it somewhere and then did the math by hand to verify it. Disregard the different interest tariff. For some reason, this works.
–Read the book “Your Money or Your Life” by Dominguez and Rubin. It is the most natural way that I have come across to change your spending habits and feel excellent about what you are doing.
Excellent Luck with changing your ways.