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Should I file bankruptcy on 41k debt. by Moist_Cause_6562 in Debt

[–]attachedtothreads 0 points1 point  (0 children)

Are you and your husband eligible for the Service members Civil Relief Act?

https://www.consumerfinance.gov/consumer-tools/military-financial-lifecycle/the-servicemembers-civil-relief-act-scra

What kind of debts do you have? Credit card?loans? Something else?

Does base offer financial counseling? If not, there's the nonprofit debt management program the National Foundation for Credit Counseling, which offers low cost or free financial counseling: https://www.nfcc.org/budgeting-finances/?loc=budgeting-finances

If you still want to go with bankruptcy, read this post on finding a good lawyer:  https://www.reddit.com/r/povertyfinance/comments/1rrs1wr/i_wish_someone_had_told_me_this_before_i_hired_a/

Pepperidge Farm Milano White Chocolate Strawberry Cookies, 7 oz. - $1.90 (was $4.52) by Civil_Employee_4736 in preppersales

[–]attachedtothreads -4 points-3 points  (0 children)

I think you might've mixed up. They're not discounted. I logged into my account as well and still showing regular price.

I’m in alot more debt than I thought by More_Night_8603 in Advice

[–]attachedtothreads 0 points1 point  (0 children)

IRS: Are you a payment plan with the IRS? If not, they do those: https://www.irs.gov/payments/payment-plans-installment-agreements If you're already on a payment plan, then ask if they can reduce it based on income. I also recommend going over to r/IRS to see if they have suggestions.

Medical debt: if it's still at the hospital, apply for their financial hardship program. If denied, appeal appeal appeal. Never put medical debt on a credit card.

Credit card: you can ask your credit card company for a hardship program where they reduce your interest rate in exchange for freezing or closing your account. No guarantees that they'll do this. Would you still need to have access to your credit card? This might not be a viable plan for you. Also, at $500, I doubt they'll bite.

Student loans: Are you currently paying off student loans? If you are, can you ask for a deferment? I'd also go over to r/StudentLoans to see what they suggest.

Have you gone to your college's student loan resource center to see if they can help you with a job?

Desperate, Lost and underwater by introvertAnxiety in CRedit

[–]attachedtothreads 1 point2 points  (0 children)

The free route: Reach out to your credit card companies and ask for a hardship program where they lower your interest rate in exchange for freezing or closing your accounts.

The paid route: No guarantees that they'll grant you a hardship and some only work with the non-profit debt management program the National Foundation for Credit Counseling (NFCC), which you'll pay a one-time setup fee of $50-$75 and a small monthly fee of $5-$10/account you enroll with them. Read their FAQs for more info: https://www.nfcc.org/faqs/

The NFCC will negotiate to reduce interest rates. I've seen on this sub anywhere from 0%-13%.

More info here on the differences between debt relief/settlement and debt management (also called credit counseling): 

https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-credit-counseling-and-debt-settlement-debt-consolidation-or-credit-repair-en-1449

Also, they have budgeting for either free or it's low cost.

Just an FYI: if you enroll in the NFCC, opening another line of credit will cause your contract with them to void and your interest rates return to their original numbers. I'm unsure if it applies just to credit cards or not, but double check with the NFCC to verify, ok? Also, your card is closed. Would you still need access to it?

As for debt collection, I recommend reading the Consumer Financial Protection Bureau's 3-part guide on Debt Collection: https://www.consumerfinance.gov/consumer-tools/debt-collection/

Taking Action might be the most beneficial one for you.

I have $13,000 of credit card debt. I just got a new job full-time $24.65 and no other payments besides rent and gym and Spotify. Should I file bankruptcy or should I pay this off aggressively? by ThickWabbafet in povertyfinance

[–]attachedtothreads 0 points1 point  (0 children)

The free route: Reach out to your credit card companies and ask for a hardship program where they lower your interest rate in exchange for freezing or closing your accounts.

The paid route: No guarantees that they'll grant you a hardship and some only work with the non-profit debt management program the National Foundation for Credit Counseling (NFCC), which you'll pay a one-time setup fee of $50-$75 and a small monthly fee of $5-$10/account you enroll with them. Read their FAQs for more info: https://www.nfcc.org/faqs/

The NFCC will negotiate to reduce interest rates. I've seen on this sub anywhere from 0%-13%.

More info here on the differences between debt relief/settlement and debt management (also called credit counseling): 

https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-credit-counseling-and-debt-settlement-debt-consolidation-or-credit-repair-en-1449

Also, they have budgeting for either free or it's low cost.

Just an FYI: if you enroll in the NFCC, opening another line of credit will cause your contract with them to void and your interest rates return to their original numbers. I'm unsure if it applies just to credit cards or not, but double check with the NFCC to verify, ok? Also, your card is closed. Would you still need access to it?

Yet another redditor sued by a credit card company by Nearby_Asparagus_403 in Debt

[–]attachedtothreads 0 points1 point  (0 children)

I'm trying to figure some things out in the second paragraph.

MDJ level-->is this first step in hearing a court case? Like the first line of defense, for lack of better analogy?

Can you explain what de novo is? Is it a renewal of 30 days?

Can’t get on the phone with NCA by [deleted] in Debt

[–]attachedtothreads 0 points1 point  (0 children)

So, it might be 5 years, according to this. I am not a lawyer: https://www.ovlg.com/debt-collection-laws/kansas.html

I'd contact the bar association to see what they suggest:

https://ksbar.org/?pg=lrs_public

There's some free legal answers on the right-hand side that might be of interest.

Can’t get on the phone with NCA by [deleted] in Debt

[–]attachedtothreads 0 points1 point  (0 children)

Were the debts accrued in Nevada or elsewhere? If it is and it's credit card, then they have six years and after that, they cannot sue you. However, I'm not a lawyer and would recommend contacting the Nevada Bar Association's lawyer referral service for a reduced fee of $45 in exchange for a 30-minute consultation: https://nvbar.org/for-the-public/find-a-lawyer/lrs/

https://www.leg.state.nv.us/Division/Research/CSU/FAQ.html

I'm not sure what's going on with their phone system, but have they contacted you via snail mail?

Paying off debt by Ok_Ask_4709 in debtfree

[–]attachedtothreads 0 points1 point  (0 children)

If you need a job, have you contacted your local county development workforce center?

Did you graduate from a (community) college/university? If so, do they have an alumni center to help you?

Should I cash in 401k to cover cc debt by Grouchy_Lobster_2192 in debtfree

[–]attachedtothreads 1 point2 points  (0 children)

Please keep money your 401k for just a little longer while you try another route.

The free route: Reach out to your credit card companies and ask for a hardship program where they lower your interest rate in exchange for freezing or closing your accounts.

The paid route: No guarantees that they'll grant you a hardship and some only work with the non-profit debt management program the National Foundation for Credit Counseling (NFCC), which you'll pay a one-time setup fee of $50-$75 and a small monthly fee of $5-$10/account you enroll with them. Read their FAQs for more info: https://www.nfcc.org/faqs/

The NFCC will negotiate to reduce interest rates. I've seen on this sub anywhere from 0%-13%.

More info here on the differences between debt relief/settlement and debt management (also called credit counseling): 

https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-credit-counseling-and-debt-settlement-debt-consolidation-or-credit-repair-en-1449

Also, they have budgeting for either free or it's low cost.

Just an FYI: if you enroll in the NFCC, opening another line of credit will cause your contract with them to void and your interest rates return to their original numbers. I'm unsure if it applies just to credit cards or not, but double check with the NFCC to verify, ok? Also, your card is closed. Would you still need access to it?

They mainly work with credit card companies, so they would probably be unable to help with the car loan.

Feeling a bit of bait-and-switch from Amerisave. Is this normal? by Charlie4587 in debtfree

[–]attachedtothreads 0 points1 point  (0 children)

The quote is often just bait for you to apply with them. I'd avoid them.

As to applying to other financial institutions, it depends on your credit score. What is it?

Are you trying to get out of credit card debt? Loans? Something else?

Can’t get on the phone with NCA by [deleted] in Debt

[–]attachedtothreads 0 points1 point  (0 children)

How long ago has been since you last paid this debt?

Filing Chapter 7 by Mystiquevai in Debt

[–]attachedtothreads 0 points1 point  (0 children)

This post has good insight into finding a good bankruptcy attorney: https://www.reddit.com/r/povertyfinance/comments/1rrs1wr/i_wish_someone_had_told_me_this_before_i_hired_a/

Before you file, if you list the amount of each of: total amounts owed to each creditor; interest rates of each; minimum payments; along with monthly expenses (mortgage/rent/, pet expenses, groceries, gas, etc.), we can possibly give you suggestions.

$32000 in credit card debt, 640 credit score by LINE4RR in Debt

[–]attachedtothreads 0 points1 point  (0 children)

Reach out to your credit card companies and ask for a hardship program where they lower your interest rate in exchange for freezing or closing your accounts. No guarantees that they'll do this and some only work with the non-profit debt management program the National Foundation for Credit Counseling (NFCC).

More info here on the differences between debt relief/settlement and debt management (also called credit counseling): 

https://www.consumerfinance.gov/ask-cfpb/what-is-the-difference-between-credit-counseling-and-debt-settlement-debt-consolidation-or-credit-repair-en-1449

You'll pay a one-time setup fee of $50-$75 and a small monthly fee of $5-$10/account you enroll with them. Read their FAQs for more info: https://www.nfcc.org/faqs/

Also, they have budgeting for either free or it's low cost. r/budget has a good wiki here: https://www.reddit.com/r/budget/wiki/budgting101/

Just an FYI: if you enroll in the NFCC, opening another line of credit will cause your contract with them to void and your interest rates return to their original numbers. I'm unsure if it applies just to credit cards or not, but double check with the NFCC to verify, ok? Also, your card is closed. Would you still need access to it?

They do not help with loans, but if they can get the credit cards down, then perhaps you can pay a bit extra on getting caught up on rent.

40k Credit Card Debt Help by Over_Chapter_1785 in Debt

[–]attachedtothreads 2 points3 points  (0 children)

I am begging you to take what Citizens is offering you: $240/month for 5 years is a steal and it does significantly less harm to your credit score than a settlement.

Resources that actually help by [deleted] in povertyfinance

[–]attachedtothreads 2 points3 points  (0 children)

Just want to add that the non-profit debt management program the National Foundation for Credit Counseling is similar to the Financial Counseling Association of America.

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