Legislature and Credit Card Debt

[bankruptcyattorney]

Sorry, Stve70 Credit counseling is asking your creditors if they will take a reduction. Bankruptcy is telling your creditors you will take a reduction.

Great, go ASK the person who just forced you to take an interest rate at 37% if they will reduce your debt. Better yet go ask all of these thieving banks at the same time if they will all voluntarily take a cut and when that happens call me because I want to skate on hells pond. Credit counseling does not work.

[stve70]

Debt settlement/management is a bankruptcy alternative....you cant write off cc debt with the new laws in bankruptcy as you could before...must be a bankruptcy lawyer

[flatsignedbooks]

I CUT MINE UP AND PAID OFF! All 9 of them!

[howDAREyouSIR]

i just walked on 800k and never felt better. fico and credit cards scams suck. cash is king

[stingraes]

Lets get real here! If you want to borrow money because you want want want what you don't have the money to buy now, thats fine. But you choose to charge up your credit cards. Consumers want to buy buy buy and that is not considered greedy? Get real! IF you want to borrow money, then as a consumer it is YOUR resonsibility to read and understand what the interest rate is. Grow up!

[bankruptcyattorney]

No offense. credit counseling rarely works.

[stve70]

debt settlement works 75% of the time

[TheWarOnDebt]

Dear Bankruptcy Attorney,

We respectfully disagree with you as do many reputable studies which found that success rates for "self-help" debt negotiation reduced credit card debt 70% of the time.

In addition, the FTC, suggest that Americans seek self-help when negotiating debt.

We respect your position but we don't agree with waiting for Legislation. We have to take matters into our own hands.

Best regards,

DEBT WARRIORS!

[bankruptcyattorney]

If you are teaching people to do negotiate their debt themselves then I have no issue with what you are saying. I do not believe in the companies that take peoples money upfront and offer the service to them.

[Darshuiami]

he informs us that all we poor, pathetic, fool, mases can do is to suffer and die at the hands of this gangster organization namely the banks and credit card providers. this can never be the truth because if we just cut up our credit cards and don't use them or never get one, the money they steel from us will stop flowing. thsi is the only fact people.

[TheWarOnDebt]

I agree with you! But Don't close the accounts because it works against you.

[AmbientMusic]

So that's what happened. I just tossed those 'Policy Change' notifications in the garbage. Now I see what they were about. Bending over for the banks. Wonderful!

[julekjell]

So true! Please keep informing people! good luck :)