Archive for October, 2009

Can somebody answer who actually used John Commuta system to get out of debt?

Friday, October 30th, 2009

muaythaiclinch asked: Please please DON’T reply if you never used it. I would like to hear real experiences with Commuta’s Debt to Wealth system.Jacquline Florencio

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How can I get the federal government to bail me out of debt like they are Freddie Mac and Fannie?

Thursday, October 29th, 2009

The Invincible Charlie asked: Have personal debt and thinking of filing bankruptcy..Lauren Wallace

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How to get out of debt and into school?

Monday, October 26th, 2009

brandon s asked: So I’m in a community college and working full time and getting nowhere. I’m up to my neck in debt (car payment, bills) which is making my schooling suffer because I take on extra hours instead of studying just to get by. Not to mention community colleges aren’t very motivating. I have [...]

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How can i find out what money i owe to creditors when its not credit card debt?

Saturday, October 24th, 2009

Maggie M asked: I owe money for things like medical bills or unpaid phone bills from years ago. How can I find out what I owe so I can start paying it off. Most debt solution places only settle credit card debt. Also one one debt my social security number was not right. Will i [...]

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Why does GDP include government spending but not subtract out government debt accrual?

Friday, October 23rd, 2009

Trying2BRealistic asked: I keep seeing the US National Debt compared against our GDP and when I looked up the definition, government spending is added in but government debt is not accounted for (assumes no debt?) Why is GDP a good measure of a country’s wealth if it does not take into account that country’s [...]

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How do we get out of debt when the banks won’t let us?

Monday, October 19th, 2009

entropic v asked: We have a 30 year fixed and home equity line of credit. Our current lender says to get a lower rate we would have to refinance both. However, they will only lend up to 80% of the home value, which we are over. At this point it looks like [...]

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With all the Gov. Money out there, How can I get the goverment to help me with debt relief?

Monday, October 19th, 2009

William V asked: With all the crazy spending going on out there, How can I get the government to help me with debt relief without filing bankrupcy… I’ve worked hard to have a good credit score, but my bills just keep piling up. I’m not a deadbeat, but I need help… and those credit [...]

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If the treasury protects the debt holders of fannie and freddie, how does the equity get “wiped out”?

Saturday, October 17th, 2009

nomethinks asked: I asked a similar question, earlier but still haven’t understood this one thing in particular.
How do the shareholders get wiped out if the treasury has to step in?Keitha Buikema

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Can anyone provide me with information on how to get out of debt?

Saturday, October 17th, 2009

Annie asked: My husband and I are in our late 20’s and have 2 young girls. We live paycheck to paycheck and have a hard time paying off our debt. We have student loans, credit cards, and hospitial bills. With our income and rising costs we can barley pay our monthly bills, let alone pay [...]

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How to dig back out of credit card debt without ruining credit?

Wednesday, October 14th, 2009

AMBER M asked: I have gotten myself in such a mess with credit cards I just want to beat my own a$$ and I need advice on how to work it out. I have racked up 1 card ($8300) 2nd card ($6000) and 3rd card ($2500) all maxed out. The payments are [...]

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