Unreal: Haiti pays about $50 to $80 million a year to service its foreign debt. 40 percent of this debt was accrued by the dictator Duvalier, who used much of it to pay for a posh lifestyle.
Debt cancellation is an important step toward building a better world. How can a people build sustainable, living economies while under odious debt? Every person in every country should be charting a course for a better future, and the first part of the journey for many countries is debt cancellation.
You should offer to pay off your debt for a 40% discount and go from there or use your own negotiating savvy. Remember, you can pay an attorney a few $k or use your speech class skills and craft a strategy and save tons of greenbacks. The IRS may dis you but can be addressed if your loss of job also included loss of assets, 401 dissolution, and/or devalued home, etc. My company disapeared in 99, going back to school almost ruined my finances until I resurfaced,BA degree in hand Class of 02.
However, you can March to the phone and call the "card sharks" and offer them a settlement on your balance due. You have leverage if, you have the cash on hand to negotiate a settlement yourself.
No cash, try a home equity loan, or paint ten houses, or pour ten cement patios and save the cash. The IRS will be informed that you settled and may consider your settlement discount ( cancelled balance ) subject to declaration of income. Good luck. I did it in "2000" it will affect your credit so, GL
I wonder if I could march around my credit card company and they would erase my debt? Debt forgiveness is only part of an answer...If the leadership would lead them right back into the same quagmire, what good would debt forgiveness do? Greed has brought down many an empire.
Unreal: Haiti pays about $50 to $80 million a year to service its foreign debt. 40 percent of this debt was accrued by the dictator Duvalier, who used much of it to pay for a posh lifestyle.
Debt cancellation is an important step toward building a better world. How can a people build sustainable, living economies while under odious debt? Every person in every country should be charting a course for a better future, and the first part of the journey for many countries is debt cancellation.
lacymacauley 2 years ago
I dissagree with this!
chemahuipe 3 years ago
You should offer to pay off your debt for a 40% discount and go from there or use your own negotiating savvy. Remember, you can pay an attorney a few $k or use your speech class skills and craft a strategy and save tons of greenbacks. The IRS may dis you but can be addressed if your loss of job also included loss of assets, 401 dissolution, and/or devalued home, etc. My company disapeared in 99, going back to school almost ruined my finances until I resurfaced,BA degree in hand Class of 02.
reefrunner9 3 years ago
However, you can March to the phone and call the "card sharks" and offer them a settlement on your balance due. You have leverage if, you have the cash on hand to negotiate a settlement yourself.
No cash, try a home equity loan, or paint ten houses, or pour ten cement patios and save the cash. The IRS will be informed that you settled and may consider your settlement discount ( cancelled balance ) subject to declaration of income. Good luck. I did it in "2000" it will affect your credit so, GL
reefrunner9 3 years ago
thanks for the work you are doing. Debt is out of control worldwide.
hdelicious 3 years ago
I wonder if I could march around my credit card company and they would erase my debt? Debt forgiveness is only part of an answer...If the leadership would lead them right back into the same quagmire, what good would debt forgiveness do? Greed has brought down many an empire.
stinkingdog101 4 years ago
Great Video
MindsOnAfrica 4 years ago