Tag Archives: Debt Settlement

Debt settlement with Citibank

July 19, 2011   admin   No comments

I met an old friend whom I hadn’t seen for quite sometime, at the 4th of July party. After having a few beers, he told me the story of a debt settlement with Citibank. Both, he and his wife got into major credit card debt and struggle mightily for a while. Finally they managed to settle for around 28 cents on a dollar. Their credit scores were butchered in the process, but the debt settlement by itself is quite remarkable and inspiring. With so many folks literally drowning in debt, the strategy they used to settle with Citibank is something to learn from.

Read the full post

  Tags: Citibank, Debt Settlement

College Without Running Up Debt Settlement

October 09, 2010   admin   No comments

The vast majority of the many students complete a series of loans to see them through college and often end with a huge debt which then takes years to pay for. So it is possible to pay the debt for a college education without the burden themselves with loans?

The simple answer is yes, but it requires a little planning.

As you begin college, well in advance, you can start the party money science in a victory and help from parents or other relatives to cover for your regular contributions. Now, this is not nearly enough security to see you through college, but can be a great help, great.

The next great source for many students is scholarships.

Read the full post

  Tags: Debt, Debt Settlement

Debt Settlement Industry Warns Against Non-Professionals Tackling Debt Settlement

July 28, 2009   admin   No comments

Ridiculous! That was our first thought when reading the title of this press release from TASC (The Association of Settlement Companies), an organization that “serves to protect consumers through an organization seal that represents best practices and standards of reputable companies”.

The press release was TASC’s response to an ABC News Report that was aired on July 20, which purportedly shared some “success” stories in which consumers were able to negotiate and settle their credit card debt without the assistance of a debt settlement company.

A snip-it from the press release:

TASC, which seeks to protect consumers, does not want those struggling with similar unsecured debt to be misled into thinking that the method of debt settlement presented in the report is typical, practical or, in many cases, successful.

“We are always on the side of success, but generally it’s actually quite difficult for individuals to settle debt with multiple creditors since each creditor is only interested in collecting the individual debt owed to them,” Chris Kesterson, President of TASC, said. “We want the co

Read the full post

  Tags: Debt Settlement, Settlement