Comments for The Do-It-Yourself Bailout

Comment on The Finance Charge and Annual Percentage Rate by Online Poker, Failed Attempts at Cheating

Online Poker, Failed Attempts at Cheating — Sat, 11 Feb 2012 15:48:27 +0000

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Comment on Why did I write “The Do-It-Yourself Bailout?” by make money club|how to have a home business|101 to make money|project fast cash|how to make $100 a day|how 2 make money fast|cash system|how 2 get money fast|at home cash|make money cash|cash make money|how to make cash money|how to make money with cash|h

Thu, 01 Dec 2011 22:47:53 +0000

Comment on Credit Card Settlements – Top 5 Pointers by make money club|how to have a home business|101 to make money|project fast cash|how to make $100 a day|how 2 make money fast|cash system|how 2 get money fast|at home cash|make money cash|cash make money|how to make cash money|how to make money with cash|h

Thu, 01 Dec 2011 14:33:50 +0000

Comment on Credit Card Settlements – Top 5 Pointers by nick

nick — Tue, 19 Jan 2010 19:00:43 +0000

I found when I do speak with the collection agencies, it is a waste of time. It is amazing at how little infomation they have – and the information that they do have is incorrect.
They seem to have a name, a telephone number, a $ amount (Unverified) and an attitude. – and NO AUTHORITY WHATSOEVER. When I spoke, it just increased the frequency of the calls, with no details or link to previous conversations – most of them made antagonistic statements and false accusations. It was a pointless excercise – on both our parts.
Do those tactics actually get them results?

Comment on I just settled another credit card, for 22% by admin

admin — Mon, 16 Nov 2009 00:03:05 +0000

Nick, thanks so much for the update. Congratulations on the settlement. I’ve invited everyone to post as many details as they can and I hope the word keeps spreading. Kenny

Comment on I just settled another credit card, for 22% by nick

nick — Mon, 09 Nov 2009 23:20:28 +0000

It is great that you are collecting data for what people are settling for – I believe it is helpful. It would be great if you could publish them or if people could post details.

I settled with a major Bank for under 7.5% – $1,500 for over $20,000 debt. There are others asking for 10-20% and the odd one asking for 35%.

Comment on Credit Card Settlements – Top 5 Pointers by admin

admin — Tue, 28 Jul 2009 04:42:10 +0000

Hi Tucker,
I did have personal guarantees on all my business lines of credit. It would be difficult for me to assess whether or not my halting payment on those loans, and then settling them, had an effect on my personal credit. When I stopped making payments on five cards, three business, two personal, both my business and personal credit scores adjusted lower. I wouldn’t be able to separate the effects. It’s a good question, though. I’ll look into it and let you know if I find anything. Please do the same. And thanks for ordering the book. Kenny

Comment on Credit Card Settlements – Top 5 Pointers by netwerks

netwerks — Tue, 28 Jul 2009 02:21:22 +0000

Kenny-

Did you uhave personal guarantees on your business lines of credit?

When you stopped paying and eventually settled on your business credit cards/business lines of credit, did they report the engative information on your personal credit? The reason I ask is because i hve several business credit cards yet none of them currently appear on my personal credit report. I am wondering if when I start your process, the results will show up on my personal credit. What’s your experience with this?

Comment on Do you need a bankruptcy attorney? by admin

admin — Fri, 12 Jun 2009 03:02:51 +0000

Hi, thanks so much for writing in. Feel free to share stories and insights here any time. Everyone’s stories are unique and they all help others with their own debt settlement process. All the best, Kenny

Comment on Do you need a bankruptcy attorney? by EarnIt

EarnIt — Fri, 12 Jun 2009 01:30:51 +0000

Finally, someone else who has done this. I have been reading your blog and wishing that you had been around when I started my settlement journey. One of the things that I am reading and agreeing with you on is the many benefits of having a bankruptcy lawyer on retainer while traveling down the road of debt settlement. I too had a Bankruptcy lawyer on retainer when I started debt settlement. Although for me, it was a bit different as I had every intention of filing (a dreaded chapter 13, darn the means test) until the wife and I realized that we could possibly find another option.

Best of luck with this site and your book,
EarnIt