Right now, I'm single and don't have any kids, so am looking at vacations, stay-cations, and much more for my summer plans.
You have now started your second month on the DMP. During the second month there are generally two groups of customers; those who made their first payment in the first month (A) and those who postponed their first payment to the second month (B). There are an additional small number of people who may call and change their payment to the third month and unfortunately usually do not fare well on their Plan. It is about the creditors receiving a payment, not just being “enrolled” in a program.
This month's question reflects on changing your debit date and how it affects your DMP
Enrolling in a Debt Management Plan is a huge step for many struggling with debt. Many are skeptical at first and frequently ask these three questions after enrollment.
As a debtor you do have rights. Creditors and collection companies are legally not allowed to contact you with reckless abandon. The Fair Debt Collection Practices Act was put in place to protect debtors from creditor harassment. Below is an outline of what creditors are allowed to do and what to do
When it comes to debt we all have our limits...even the federal government. Credit cards make it easy for us to spend more than we have, after all you can always pay it back, right?
This month's question reflects on the harassing collection calls you may be receiving.
This month's question reflects on your CareOne payment.
This month's question reflects on how participating in a DMP affects your credit.
If you are considering enrolling in a Debt Management Plan or have just enrolled you may be wondering what will happen with your credit cards.
This month's question reflects on making additional payments
This month's question reflects on why you can't use your credit cards while participating in a DMP.
When you first join the program it is easy to get confused; the proposal process, making one payment to all of your creditors and the overall management of your program can be overwhelming. One question we get quite frequently is, "How do I remove a creditor?"
Our employees are sharing their stories about how they have struggled with debt.
With an increasing number of people falling on hard times comes an increasing number of “debt help” companies who promise they have the best solution.
I have always felt that there was something special about this company, but it wasn't until I was on this flight, and had a chance to reflect upon the events of the previous 24 hours that I was able to put my finger on what it is that sets this company apart. Flying through the air at 30,000 feet, I replayed in my mind some of the conversations I had throughout the day.
Lately there has been a lot of negative press centered around the debt settlement industry. It seems like every time I open up a newspaper or check out CNN.com some expert is writing about how terrible the industry is, and how every debt settlement company is taking advantage of innocent consumers who are desperate and don't know better.
Now, not all of us can be funny like Richard Pryor was funny, and there's no sense in forcing it if you're not good at making a joke. But having a sense of humor about tough situations can make all the difference. Keeping things light, when it's appropriate, is sometimes just the thing to help you and those around you weather a storm.
We are always looking for new and innovative ways to assist you, our members, on your journey towards becoming debt free. We recently posted a forum post, Do You Have Debt Buddy? It has received lots of interest and as a result we are introducing the Debt Buddy Mentoring Program for our online community members!
Let's take a look at today's Debt Management Plan
I realize that many of my tips are common sense, but if it's not easy to incorporate into your day to day routine, you are less likely to be successful! My point here is to find easy (sneaky) ways to get you into the savings habit.
This month's question reflects on the length of time it takes creditors to accept settlements.
In a previous blog we discussed the top ten things to be successful on a Debt Management Plan. This blog focuses on the top ten things to be successful on a Debt Settlement Plan.
This month's question reflects on dispersing payments to your creditors.
In addition to the blogs, be sure to check out the new CareOne Groups:
Are you finally out on your own and figuring out how to balance your finances? If so, this is the group for you. In Starting Out, you can talk about the challenges you are dealing with in a group of like-minded people.
Do you feel like you are finally understanding what being a "grown-up" is all about and are settling into your adult life? If so, this is the group for you. In Settling In you can connect with others who are just like you.
Struggling to balance all that an established lifestyle has to offer? The balancing it all group is for you. Discuss the challenges you face when your responsibilities at work, at home and with family and friends all compete for your attention.
Are you currently retired or planning on retiring very soon? If so, this is the group for you. Times have changed and so has retirement. Learn how others are redefining retirement.