Debt Management Plan from a company

Has anyone every tried a Debt Management plan from a good company? I have over $ 34,000.00 in unsecured debt and going into 6 months without a payment. Bankruptcy is on my mind, but it will be the last resort.

With that large of unsecured debt, I think you may need some outside financial help and or counseling. Why is it that you havent made a payment for up to 6 months? Are you out of work?

Even if you get outside help to start a debt management plan of some sort, the main thing you will need to realize is that, YOU have to change some of your attitudes and really start living the very “frugal” life for a temporary amount of time. Once you do that, you may realize how many things where so unnessary to aquire to be happy and the debt was a consequence of pure over indulgence. Yes, this is just my opinion and I am getting into the coar personal problem of why people get into major debt.

There is a very small percentage of people who get into debt because of circumstances way beyond their control and this is the truth. If you work hard, make a daily effort and stay focused on the goal of becoming debt free, you could do it, even with a $34,000 debt. I’ve known people who were more in debt than that and did it… it’s not unrealistic.

What you are willing to give up now, will actually come back to you later… There are so many personal circumstances of your life on how you live, that could be the turning factor of you helping yourself get out of debt… but only you know that. I’ve been there and done it.

Why do you want a company, are you able to start paying the vultures something? All? None? To file are you thinking chap 7 or 13?

You can do this yourself, why pay some one else. You already are in charge off status, the debt collectors have called or still are.

Suggest you go to zipdebt.com, or read Dave Ramseys book Total Money Makeover or Financial Peace, Figure out how much you can save a month for either a payments or to go to a lump sum settlement fund, and to do either you need a budget, and to get out of debt it has to be bare bones. Look in the archives here to find the stuff on settlement. Hope that helps.

I will have to agree with the post here. I suggest that you take a long hard look at Dave Ramsey and his financial counseling. After reading the so-called experts, Dave makes the most logical sense (in my humble opinion) on how to get out of debt and start your wealth – building.

Bankruptcy info

I am new to the group and looking for some information on filing bankruptcy online. I have talked to a couple of lawyers who want to charge me $1300-$1600 to file bankruptcy. I have done a lot of research and filing is my only option. I have been looking at filing online through USA Bankruptcy or one of those firms who for a small fee will do all the paperwork for you. Has anyone used these types of firms and what was your experience with them. I was taken in by a loan fraud company and now I am very skeptical about getting help from anyone! Please give me any info that you can offer it will be greatly appreciated.

Hi! I’m a lawyer who became ill and had to default on my consumer credit. If you can find $1,000. it is advisable to hire a lawyer. Knowing which papers to file is not taught in law school. You want someone who knows enough law in general to spot any issues in your personal scenario. There is no substitute for this service. If you cannot afford a lawyer, I would strongly suggest you do it yourself. The bankruptcy court in your jurisdiction should tell you what forms to file. I am certain there are free general bankruptcy help sites online. I can’t see paying someone to file forms.

First, you have to gather the information to put on the form yourself. Second, people do it by themselves frequently. I see it as gimmick to make $. I am suing a pharmaceutical company. I had to supply all the information before the lawyer would represent me. I think you just need structure. The clerk’s office should supply it. The bankruptcy code is available online. There is no magic. I wish there were.

IC Systems

Hi, My husband allowed a relative to purchase a cell phone under his name. needless to say, that person racked up a 1,400. dollar bill before we had it turned off. It was a Sprint phone and they sent it out to IC Systems for collections. I contacted IC Systems and tried to explain (they did not care!) that we would pay it back at $20 a month until we got it down to a reasonable amount and then try to pay it off in larger chunks.

They said no…I started paying them $20 dollars a month anyway. It is now down to 1,200. dollars and I offered them $800. they refused. They have harassed me by phone for almost a year now. Today, I received a call on my cell phone from them! I was so surprised since the bill is not in my name and I have no idea how they got my cell number! They ring my phone day and night starting at 8am and ending near 10 pm. What can I do??

Thanks in advance.

Tell them in writing that you cannot pay the debt and send in snail mail. Don’t acknowledge that you owe the debt. I have to think more. There are federal and state laws pertaining to consumer credit that you should read that must be posted on the Internet. I would also visit the FTC to see what regulations they are enforcing. I should know more but this is a good start.

Thanks for your reply. I will send them a letter. Does anyone have any idea what I should include in the letter? As to not acknowledging the debt, wouldn’t sending them a letter confirm the debt?

I.C. should know better than call people and break federal laws. I think they were one of the agencies recently sued and lost for those actions. In a way you have acknowledged the debt already by paying on it, and its still going to be on your credit records. Send them a letter stating that you will deal only with Sprint – there
is an example posted recently on this site – send it certified, return receipt, then sue them if they keep calling.

These people are almost certainly in violation of the Federal Fair Debt Collection Practices Act. Under that act I think they cannot make phone calls before 8 am or after 9 PM and you can sue them for damages! Write them a letter telling them you are asking them under the FDCPA to stop contacting you by phone and by law they must do that. You can also file a complaint with the BBB where the company is located (probably won’t do much good since they are violating the law anyway) and look to bringing a lawsuit against IC systems under the FDCPA. Check out information on the FDCPA thru the Federal Trade Commissions Web site www.ftc.gov.