"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
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Surviving Interest Rate Pain
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Members: 7
Latest Activity: Jun 6, 2008
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Comment by Manish Dev on June 6, 2008 at 12:42 -
Hopefully not 12 interest steps...
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Comment by Matthew Reader on June 5, 2008 at 13:52 -
Ahh, what a positive group. Is this a 12-step program ;)
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Comment by Karen on June 5, 2008 at 13:38 -
Borrow less, buy less, and do things that don't cost any money. Harder than it seems and I struggle with it every day. With so much marketing in our faces we have become conditioned to spend. Good for companies, bad for us.
Karen
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Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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