http://debthelpblog.net Simple Advice about Debt Problems and Solutions Tue, 28 Oct 2008 21:24:41 +0000 http://backend.userland.com/rss092 en What the Credit Card Companies Know That Keeps Them in Business Just look at it, tucked away ever so neatly in the folds of your wallet. That little 3 3/8 X 2 1/8 inch glossy credit card looks oh so innocent as it shimmers and gleams in the light, waiting ... http://debthelpblog.net/2008/10/important-information-about-credit-card-companies/ Bank of America Announces Nationwide Homeownership Retention Program for Countrywide Customers Nearly 400,000 Countrywide Borrowers Could Benefit After Program Launches December 1 CALABASAS, CA - Bank of America today announced the creation of a proactive home retention program that will systematically modify troubled mortgages with up to $8.4 billion in interest rate and ... http://debthelpblog.net/2008/10/motgage-modification-press-release/ What is a Loan Modification? I am sure that many of you have been hearing more and more about Loan Modifications, also known as Mortgage Modifications. I have been receiving many inquires about them. So let me share with you what a Loan Modification is and how it may ... http://debthelpblog.net/2008/10/what-is-a-loan-modification/ Debt Settlement is very similar to the Federal Debt Bailout bill on a smaller scale. The US government is removing the "toxic" debt that is on the books of the major banks. Debt Settlement removes your "toxic" personal debt so you can start new and improve your cash flow situation. http://debthelpblog.net/2008/09/debt-settlement-is-similar-to-the-700-billion-debt-bailout/ Regaining Authority Over Your Good Name Millions of Americans are struggling with expensive liabilities. Bad credit happens when average men and women fall behind on their credit card bills and other debt payments because of unemployment, lack of employment, or the unavoidable challenges of life.  If you have gotten yourself in ... http://debthelpblog.net/2008/09/how-to-fix-your-credit/ The Federal Trade Commission staff will hold a workshop on September 25, 2008, to explore the growth of the for-profit debt settlement industry and to analyze how this model is affecting consumers and businesses. The event is free and open to the public; pre-registration is not required. WHEN: September 25, 2008, ... http://debthelpblog.net/2008/09/ftc-to-host-workshop-on-debt-settlement-industry/ State Written contracts Oral contracts Promissory notes Open accounts (including credit cards) Alabama 6 years 6 years 6 years 3 years Alaska 6 6 6 6 Arizona 6 3 5 3 Arkansas 6 3 5 3 California 4 2 4 4 Colorado 6 6 6 6 Connecticut 6 3 6 6 Delaware 3 3 6 3 D.C. 3 3 3 3 Florida 5 4 5 4 Georgia 6 4 6 4 Hawaii 6 6 6 6 Idaho 5 4 10 4 Illinois 10 5 6 5 Indiana 10 6 10 6 Iowa 10 5 5 5 Kansas 5 3 5 3 Kentucky 15 5 15** 5 Louisiana 10 10 10 3 Maine + 6 6 6 6 Maryland 3 3 6 3 Massachusetts + 6 6 6 6 Michigan 6 6 6 6 Minnesotta 6 6 6 6 Mississippi 3 3 3 3 Missouri 10 5 10 5 Montana 8 5 8 5 Nebraska 5 4 6 4 Nevada 6 4 3 4 New Hampshire 3 3 6 3 New Jersey 6 6 6 6 New Mexico 6 4 6 4 New York 6 6 6 6 North Carolina 3 3 5 3 North Dakota 6 6 6 6 Ohio 15 6 15 6 Oklahoma 5 3 5 3 Oregon 6 6 6 6 Pennyslvania 6 4 4 6 Rhode Island 15 15 10 10 South Carolina 10 10 3 3 South Dakota 6 6 6 6 Tennessee 6 6 6 6 Texas 4 4 4 4 Utah 6 4 6 4 Vermont 6 6 6*** 6 Virginia 5 3 6 3 Washington 6 3 6 3 West Virginia 10 5 6 5 Wisconsin 6 6 10 6 Wyoming 10 8 10 8 http://debthelpblog.net/2008/09/statute-of-limitations-by-state/ You may listened to financial experts on cable and talk shows talk about “ good debt ” and how it contrasts with bad debt. You’re advised to pay off all bad debts primarily due to the fact that they commonly are tied to high interest rates and are not balanced ... http://debthelpblog.net/2008/09/how-do-differentiate-between-good-and-bad-debt/ Dealing with debt can be likened to a constant struggle between good and bad forces, and the result of that battle will determine your financial future. Good debt is anything that can potentially increase your net worth, such as home mortgages and student loans. Alternatively, credit cards and other unsecured ... http://debthelpblog.net/2008/08/why-are-credit-cards-called-%e2%80%9cbad-debt%e2%80%9d/ If you are looking at the various debt relief programs that are available, it’s important to first have an understanding of the different types of debts and how their terms affect your financial situation. Debt consolidation companies will usually only cover your unsecured debt, which includes credit cards, student ... http://debthelpblog.net/2008/08/paying-off-revolving-and-installment-accounts/