Debt settlement is the process of offering a large, one-time payment toward an existing balance in return for the forgiveness of the remaining debt. – Source- Wikipedia
Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis
Getting a loan or obtaining new credit when you’re already in debt isn’t easy – especially if your credit rating has suffered for any reason in the recent past. But it is possible to obtain credit – either a personal ...
Q: Hello Ms. Khalfani-Cox. Is it better to work with a debt management company and pay off a lot of creditors every month over a long period of time (I would be paying off the full amount of the debt... not settling (debt ...
Q: Hi, I have rec'd an offer of settlement from a collection agency representing CitiCard for about 18% of the current balance. When I asked to have the "line item" (delinquency) deleted from my record (credit report), the manager responded ...
If one of your personal or financial goals is to get out of debt this year – or at least eliminate your debt as soon as possible – now is a great time to get started. Becoming debt-free takes work. ...
Listen to Lynnette Khalfani-Cox, The Money Coach during her appearance on The Daily Drum with host Harold Fisher. The Daily Drum is broadcast on Howard University Radio, WHUR-FM 96.3 FM. During this interview Lynnette talks about: How to eliminate your ...
With the average U.S. household owing more than $10,000 in credit card debt, it’s no surprise that millions of consumers are turning to debt management companies or debt settlement firms to become debt free. However, there are enormous differences between ...
A subscriber is facing garnishment of their wages. Click to hear Lynnette's advice on how to fight wage garnishment.
Q: I am at month 11 of a student loan rehabilitation program for a defaulted loan of about $80,000. I have made 10 on time monthly payments of $550. My parents will help me offer a lump sum payment to ...
Q: Is it true that I will be given a 1099-c when I settle a debt for $600 or more off the amount that was due? If so exactly what does this mean? What is the tax percentage I will ...
A subscriber wants to know if they should consider Debt Settlement as an option?
Accepting a settlement offer from a credit card company will negatively impact your credit rating and lower your credit scores. The reason for this is that when a settlement occurs, a creditor has agreed to accept less than the full ...
Q: I Need Help With Credit Card Debt But Am Worried About Scam Companies. Can You Refer Me to a Good Debt-Elimination Program, and Explain the Difference Between a Debt Management Company and a Debt Settlement Firm? A: With the ...
