Debt Solutions Blog

40 something asked:


My husband’s employer of 17 years chose to restructure the company. He is now pursuing a new trade entirely. Is there any grants or other money available for his new business and our family finances during this transition? Our debt to income is totally out of whack and we need help!

Bajan Mama -35 asked:


I called creditsolutions a minute ago and they told me that they are not a consolidation company. I told them that I have a debt for 16,000. They told me that they can get my debt company to settle for 9,800. and they charge a 15% fee. Does this sounds okay. Please recommend me to some other company but not consolidation I do not want to consolidate I want a debt settlement company. That I would still pay, I heard when these consolidation company pays for me It haunts my credit score.

Bob M asked:


I’m so worried about getting screwed by an incompetent company. Also, I checked with Debtmerica and they’re trying to charge me a 15% fee to do the debt negotiation. I’ve checked with a few other places too and somebody recommended going with an attorney-based debt settlement company to get better results. Any help would be appreciated.

jmsunlinenet asked:


I have had seven rental apartments in older buildings on one site. Due to the economy etc. income has not matched outgoings for some time. Will need to borrow more to pay the insurance premium in July. Sale value of property very poor in this market and unlikely to sell for more than what I own the bank (personal note). At what point do I just quit?

Megan B asked:


They have owned a restauraunt for 2 years and this year it’s gone downhill. They are desperately in debt and work other jobs just to almost pay the bills. They have only 2 employees, me and another girl. We’ve cut down on every thing we think is possible. Nobody will give them a consolidation loan. They talked to a lawyer and will file bankruptcy in 2 weeks unless a miracle happens. The place is for sale in the paper but no one has called at all. Is there any thing they can do to save their business? This has always been their dream and it’s horrible, how can I help?

JewelsinOH asked:


I want to go to college soon for a degree program. However, my credit card debt is getting the best of me, so I have been considering contacting a consumer credit counseling agency. Will student loan agencies (federal & private) not consider an application with credit counseling? How do I find out how this decision could affect my school?

daisylane asked:


I own a home. It’s worth approx $85,000 – I owe that much on it. I have approximately $35,000 in debt. $6,000 is in back taxes. (I only made $18,000 last year?) If I choose to use consumer credit counseling, does anyone know if it really helps? Or is it just a flim-flam operation?

bmd1208 asked:


I am looking for a reputable consumer credit counseling service in central FL. Any reccomendations?

If possible please tell me who to go to and who to stay away from. My brother in law want to consolodate his credit card debt.

Please advise.