Bankruptcy and the Required Credit Counseling and Debtors ...

The credit counseling session is meant to involve a thorough examination of the debtor?s complete financial life. The credit counselor is supposed to provide the debtor with some alternatives to bankruptcy and also give the debtor an opportunity to learn how to develop a better personal budgeting system. If the debtor cannot afford the counseling session, the credit counseling organization is required to offer the counseling free of charge. The debtor is responsible for telling the organization that he or she cannot afford to pay the fee before the session begins and will then receive a fee waiver from the organization. If the debtor is able to pay for the session, the charge could be as much as $50 dollars.
Source: johntnicholson.com

Video: Credit Counseling

Credit counseling myths, facts

We?ve had an extraordinary amount of tragedy in our family (long story) resulting in my putting my Moms savings into a safe deposit box where it ended up being stolen. (it does happen)We are using my MOms monthly checks totally to pay off credit card debt and mine as well. I try to work with these companies but the debt increaes every year to the point we don?t have enough money to eat. (we get 200.00 for food ea month but its not enough. I refuse to stop paynig my debt or go bakrupt so ea month I pay the bills before anything. I have parrots and a dog that I care for and would sooner die than give them up. I am multiply handicapped and my Mom is 87. I am petrified of what is going to happen when she dies let alone in a month or so as with whatever help credit cards have offered and choosing house and car insurance at the lowest rates. On SSI I am not able to take in renters or have more than 2000.00 in assets of which I have none; am unable to save. We don?t have enough money to buy fruits, vegatables, etc. ea one costs practically a dollar each. We et chicken every single night. If my credit cards were taken away I would not be able to buy certain necessities that we must hve once in a while or pay for repairs. Our house is in bad need of repair too. I dont think anyone can help us at this point so your article is right. How could I pay a fee when my health insurance is no longer paying for vital medications for me? I feel totally helpless in this sitution and would give anything if I could find a reputable job at home. Believe me I have been trying. My health is worsening all the time. (I have several medical degrees and avian cert as well, and am not a lazy person on teh govt payroll)
Source: bankrate.com

NFCC Financial Education Blog

In years past, wages have failed to keep up with higher costs of living. The recent financial crisis and downturn of the economy left many people unemployed for an extended period of time. With this in mind it is of little surprise that personal debt in the United States has skyrocketed to levels never before seen. The process of paying down this debt can seem utterly overwhelming for many, and the process of even beginning to start to pay down this debt can seem insurmountable. Fortunately, there are options that you can take to begin the process of recovering from a financial disaster. Credit counseling services from an accredited non-profit agency can help.
Source: nfcc.org

Free Online Budgeting Tool from Advantage Credit Counseling Service

Terms of Service 1. All comments are subject to review by Advantage Credit Counseling Service prior to their publication on this site. Advantage CCS reserves the right to decline publication to any post it deems in violation of the Terms of Service. 2. No potentially libelous or damaging statements will be posted. This includes negative and / or unsubstantiated allegations against Advantage CCS and its competitors. 3. No comments including obscene, explicit or racist language will be posted. 4. Comments containing personal attacks, insults or threats will not be posted. 5. Comments not related to matters of personal finance, budgeting, credit counseling, housing counseling, bankruptcy and other related financial issues will not be posted. 6. Anyone who posts using another person?s identity will be barred from posting in the future.
Source: advantageccs.org

Pros of Credit Counseling

Credit counseling is the process which can be used to reduce or get rid of debt. The obvious advantage is that you can take the burden of debts off from your shoulders. The customers are basically taught the right ways to avoid debts and get rid of pending debts. Basic spending habits, cash management and budget planning techniques are taught so that people can make better use of their money. many people might face difficultly when it comes to debt repayment and that?s where credit counseling comes into the picture.
Source: iminvest.com

What You Can Do To Keep Credit Problems from Affecting Your Security Clearance

Financial problems are the most commonly encountered potentially disqualifying conditions for a security clearance. There are all sorts of reasons why people have financial problems: unemployment, business downturn, unexpected medical expenses, divorce, separation, death of a family member, or simply becoming overextended on credit. Financial problems sometimes spiral out of control, resulting in collection actions, garnishments, repossessions, foreclosures, and bankruptcy. They can become a big issue for someone with a security clearance and in many cases the financial problems must be reported to their security office. ?Financial Considerations? for security clearances are fully explained at Guideline F of the ?Adjudicative Guidelines for Determining Eligibility for Access to Classified Information.? If you have delinquent debts, you should review your financial situation and begin taking corrective action as soon as possible.
Source: clearancejobs.com

Mandatory Credit Counseling

I have been working since I was 15 years old, I have had credit since I was 16 years old.? I bought my second car on credit.? I never even realized what interest was, what compound interest was or anything that you might need to know if you are going to make better financial decisions!!!
Source: sixtypayments.com

VA Loan Credit Score Questions

Experienced VA Loan Mortgage Banker specializing in Military Mortgage lending to US Veterans for over 24 years. (www.VALoans.com). Expert in VA Jumbo Home Loans greater than $417,000 which go up to the maximum 2012 county limits as defined by the Veteran?s Administration. Thousands of loans to High Ranking Military Officers, DOD Employees, Airline Pilots and many other Military Heroes who qualify. Welcome opportunities pertaining to online military ventures.
Source: vanewsblog.com

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3. Credit Counseling Requirements of New Bankruptcy Laws
4. Bankruptcy Credit Counseling
5. Get Out of Debt With Commercial Credit Counseling

Tags: alternatives to bankruptcy, credit counselor, Debt, debtor, safe deposit box

Source: http://debtconsolidationsanjoseco.com/bankruptcy-and-the-required-credit-counseling-and-debtors%E2%80%99-education-courses/

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