"JeffK - I will take heed about credit cards - 'all they're good for is buying things you don't need with money you don't have' -thanks"
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loan repayments
I've been paying an agreed amount to a loan company for many years. A group is going to squash these credits if people have been paying for a long time, under hardship. Will this be like bankruptcy…Continue
Started Aug 14, 2011
what should I do about this debt?
1 Reply
My daughter decided to opt out of a course with an education department. We have a debt now & it's been passed onto debt collectors. She's only 17 and the bill is in her name! I don't want a…Continue
Started this discussion. Last reply by Di Jun 28, 2011.
Obama has promised to make repayments of credit cards drop
Does anyone know if he's talking about GE money in Australia?? Gosh I certainly hope so!
Started Aug 26, 2010
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Di posted a discussionloan repayments
I've been paying an agreed amount to a loan company for many years. A group is going to squash these credits if people have been paying for a long time, under hardship. Will this be like bankruptcy where you can't get another loan or what happens?
Di replied to Di's discussion what should I do about this debt?"hi again! two months later - no reply! from anyone! I shall give you an update. One more payment to go, thank goodness! The debtors have told me that if I keep the payments up, my daughter will not have bad credit. Please everyone think & think…"
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Di posted a discussionwhat should I do about this debt?
My daughter decided to opt out of a course with an education department. We have a debt now & it's been passed onto debt collectors. She's only 17 and the bill is in her name! I don't want a bad debt over her head at such a young age! I signed the form so my daughter can do course. I asked ed dept. to put it in my name & withdraw funds from my account, there was insufficient funds so it went straight to debt collectors. I didn't know you can go into bank and ask for an overdraw! …See More
Di left a comment for Stephen"Stephen, I've just subscribed to monthly newsletter of Fat Cat's. Also, on 'Debt' there is a girl discussing her problems. Down at the end of the page is 'talk to an advisor'........Hope this helps you :)"
Di replied to Stephen's discussion How to Cancel a Part IX Debt Agreement"Nikki in the Darth Vadar outfit on money confessions has discussed part IX. If you find her on here, you will find that Nikki is good. I was told by someone to go bankrupt. It gets 'cleared' after 5-7 years, yet still no…"
Di posted a discussionObama has promised to make repayments of credit cards drop
Does anyone know if he's talking about GE money in Australia?? Gosh I certainly hope so!
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- What is your Money Confession? (Your biggest money win or stuff up)
- taking on a loan that's high repayments
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Bankruptcy ben replied to Stephen's discussion How to Cancel a Part IX Debt Agreement"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…"
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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