What would be best best kind of government grant to request for the purpose of paying off credit car

Smooch off the government? Don%26#039;t we have enough of that who are on welfare already? I hope you%26#039;re joking about this.

If that%26#039;s the case then no one would pay their credit card debts. Think about it.

What would be best best kind of government grant to request for the purpose of paying off credit card debts?

Grants are for doing projects ,

Never heard of any to pay CC debt .

Taxpayers would hang their congressman if they paid someone else%26#039;s CC debt with their tax money !

%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;%26gt;

What would be best best kind of government grant to request for the purpose of paying off credit card debts?

LoL This reminds me of this commercial that comes on cable TV after hours. This guy with glasses who had way too much coffee talks about his book that has all kinds of government grants. The whole thing is funny, he wears kind of the same suit that %26quot;The Riddler%26quot; wears in Batman.

Call him lol.. you need to buy his book and then it will tell you about all kind of grants out there that us suckers are all missing out on.!!! lol

Anyone know what the name is?

EDIT:

Celeste, Thanks. Sorry you got caught in that guys scheme.

What would be best best kind of government grant to request for the purpose of paying off credit card debts?

That is one scenario that sounds too good to be true. If there were such grants your taxes would be astronomically high. Your best bet is to work hard, limit your expenses and do what the rest of us are doing, pay it yourself.

What would be best best kind of government grant to request for the purpose of paying off credit card debts?

What scares me is that you%26#039;re serious. There is no government program to pay credit card bills.

What would be best best kind of government grant to request for the purpose of paying off credit card debts?

That would be Matthew Lesko, Fahad.

I have to admit, Mr. Lesko caught me up in the whole %26quot;GET FREE GRANT MONEY%26quot; but when I actually saw the book, there was nothing there that I didn%26#039;t already know about. I knew there was grant money to be had, he just made it sound really convincing that you could get it for %26quot;anything%26quot; and that it was that easy.

The majority of grant money are funded to county, city and state agencies. Individuals can get it but they have to have a sound business plan. Even then it%26#039;s still a lengthy process.

For most of us, if you%26#039;ve ever applied/received for welfare or utility assistance, reduced lunches/textbooks...etc., whether directly or indirectly you probably received grant money.

Go to your local bookstore (Borders or Barnes %26amp; Noble..) and have a look for yourself. While it won%26#039;t show you how to receive a %26#039;blank check%26#039;, it may help you find an agency that can help if the need arises.

Advertisements can be very deceiving.

Example: Have you ever heard tv ads touting about a federal law that can eliminate your debts for only a few dollars a month? Sounds good doesn%26#039;t it?

Well, I checked into it and found out it was true!

It was called a Chpt. 13 bankruptcy!!

If you have credit card debt there are many other avenues to find help., but there is never an easy way out.

Unless you win the lottery! ; )

What would be best best kind of government grant to request for the purpose of paying off credit card debts?

unless you bleed oil or know paris hilton, your government is not in the business of helping anyone

What would be best best kind of government grant to request for the purpose of paying off credit card debts?

The government is NOT in the business of giving away free money for the sake of giving away money. There are no grants for paying bills, no grants for paying off credit cards, no grants for getting out of debt and no grants for simply fattening your wallet.

Grants are free, but it means OBLIGATION. You will be obligated to do as the grant sets out to do. Grants have objectives, and your purpose must fit the objective of the grant.

For one, you have to write the grant application and the grant application is not a simple document - you have to explain how your purpose for applying for the grant fits well with the objectives set out by the grant.

There is a stringent review process through a committee. You will compete with other applicants for the grant money, and this grant review committee will evaluate the merits of each proposal. Only those that they feel exemplifies the objective of the grant will be approved.

You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support your purposes.

Even if you buy books on %26quot;how to get grants%26quot; or list that supposedly has information on grants -- all of them are mere rehash of what CFDA has, albeit packaged differently.

Note though that these grants generally support non-profit organizations, intermediary lending institutions, and state and local governments. Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program. Individuals especially for personal purposes are not eligible for federal grants.

Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women%26#039;s Business Ownership Assistance that are given to those who will create women%26#039;s business center that will train women entrepreneurs

What does it mean when a credit card company "charges-off" the debt? The ramifications on

Can they sell your debit to a third party and still hold you responsible to pay?

What does it mean when a credit card company %26quot;charges-off%26quot; the debt? The ramifications on credit?

Yes, its one of the favorite forms of debt collection!

Go to:

www.ftc.gov and click on %26quot;consumers%26quot; then on the debt collection sections. It is the government%26#039;s site on debt collection and reporting. You%26#039;ll get all the info you need there!

A %26quot;charge off%26quot; is when a debt is so old they do not expect to collect on it. They %26quot;charge%26quot; it off their expected income during their accounting period. It is when a debt is usually passed onto a collection company.

What does it mean when a credit card company %26quot;charges-off%26quot; the debt? The ramifications on credit?

Interesting ... this isn%26#039;t the one I voted as Best Answer. I voted for Kevin K%26#039;s answer. Report It

What does it mean when a credit card company %26quot;charges-off%26quot; the debt? The ramifications on credit?

It%26#039;s a debt that the collector never thought you would pay so they reported the dollar loss on their taxes. Besides bankruptcy, it is one of the worst things to have on your report. Less than 20% of people have every had a charge off recorded on their report. You can still be sued for the debt if the statute of limitations hasn%26#039;t expired yet. Your best bet is to contact them and arrange a repayment plan if they will take the charge off off of your report. Then stick to the plan. If you don%26#039;t, you are lengthening your statute of limitations again and will face the same stuff later on.

What does it mean when a credit card company %26quot;charges-off%26quot; the debt? The ramifications on credit?

When a credit card company charges off your debt, it%26#039;s often sold for pennies on the dollar to a 3rd party. The 3rd party will often be willing to make a settlement, usually no lower than 70% of the credit card balance. The timeframe for chargeoff varies with the company, for example, with Citibank it can be 45 days, while most companies wait longer, (average of 6 months), a few wait longer. You are still responsible to pay, and the record of a charged off account can stay on your credit report for up to 14 years if it%26#039;s charged off. A %26quot;charge off%26quot; means the credit card company no longer believes you%26#039;ll pay, and %26quot;sells%26quot; the account to a 3rd party collection agency. Many of these agencies are quite aggressive, however they do want to get as much as possible, so a settlement is a good option. If you have anything with equtiy (such as a car, house, etc), you maybe be able get a HELOC (Home Equity Line of Credit), or use your car as equity/collateral for a loan, if you don%26#039;t owe anything on your car. While it%26#039;s a bad idea from a financial standpoint, you can sometimes withdraw funds from a 401k, too. You can also pay off a credit card with another credit card via a %26quot;balance transfer,%26quot; sometimes with a lower interest rate. It%26#039;s always best to handle the account soon as possible, the further past due it goes, the worst it looks on your credit report. Having worked for collection agencies, I can say that they%26#039;re always willing to work with you, most will offer settlements. I hope this ( long answer ) helps!

What does it mean when a credit card company %26quot;charges-off%26quot; the debt? The ramifications on credit?

A charge off is a debt that is considered uncollectible. Usually, those debts are sold since the originating company has written them off their books. When a charge off is reported, the date of 1st delinquency of the debt must also be given to the credit reporting agency to properly calculate the 7 year reporting period according to the FCRA. This way, debts do not remain on your credit report forever.

While a charge off is a black mark, you are not required to pay it. Paying it does not remove it from your credit report. Simply write the collection agency a letter, stating: %26quot;Under the FCRA, I do not wish to be contacted about this debt again, in any way, shape or form.%26quot;

What does it mean when a credit card company %26quot;charges-off%26quot; the debt? The ramifications on credit?

It just means they have closed that account on their books, but you are still liable for the debt. This is a very negative rating on your credit report. Credit card companies sell their debt to third parties all the time, this is how collection agencies stay in business. They pay gor you debt and add that on to the debt you owe, and now you are liable for the original debt plus any fees added on.

What does it mean when a credit card company %26quot;charges-off%26quot; the debt? The ramifications on credit?

A charge off is a very negative mark on your credit report... before I explain the ramifications I will clarify the most important thing about your credit report.

The credit report is the fastest means for lending institutions to determine what the level of RISK is associated with lending money to you. The lower your credit score the more risk of your defaulting or failing to pay with the agreed terms (late payments, partial payments, bankruptcy, etc). Since all financial institutions utilize the various reports it is important that you keep negative items off your report so that they dont convey that you are a risk.

Ok, knowing the purpose of your credit report as a whole we can look at the Charge Off. A charge off is an institution%26#039;s formal acknowledgement that they NEVER expect you to pay them back. They are stating that they are finished with making any internal collection efforts and will be writing the money that you owe them off (when they file their coporate taxes they will be listing what you owe them as a LOSS to be credited against their profits).

Generally speaking they will then sell your debt to an outside agency (collection agency) to try and reccoup some of the funds you owed. Normally the collection agency will spend pennies on the dollar to buy your debt.

When the debt is charged off you do still owe the debt, but it is now owed to the collection agency. Although this is a bad mark on your credit, it gives you more leverage on being able to settle the debt (pay 30-70% of the total debt and call it settled - with no future collection efforts to take place). Because they bought the debt for far less than the face value - as long as they get more than they bought the debt for they will be amenable to settling.

Charge offs have significantly negative impacts on your credit because they tell other lenders that you didn%26#039;t pay. here is a good analogy:

You lend your friend Bob $200 because he says he will pay you back.. after 8 months of trying to get him to pay you realize that you are never going to get your money, and simply say it isnt worth the effort anymore. Will you ever lend that friend money again? If you told all your friends (like your credit report does) that Bob doesn%26#039;t pay people back, do you think that they would lend Bob any money?

This is why it is so important to take care of your debts, even charge offs. After the debt is paid, the charge off will remain on your credit - but having it paid will reflect that you made good on it and that perhaps your financial situation has changed for the better.

There are many agencies that can facilitate settlements, but if you can put in the time and effort you can do it yourself and save yourself the money... also once the debt is settled you can contest the debt on your report (which means they will contact the collection agency for validation). If the collection agency does not respond (which they usually dont after the debt has been paid) after 30 days it is removed from your report.

Hope that helps

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts

Do you have an additional $40,000 in equity in your house to get that much out?

I can work and get you some temporary relief however, if you pull that much money out of the equity in your house and then turn around and start running up the credit cards again, you won%26#039;t have solved anything.

If you do decide to get a HELOC, I would strongly suggest that you double up the payments on it and get it paid off as soon as possible. It will take you quite some time to pay that off if you make minimum payments on it. Otherwise, you%26#039;re never going to be out of debt and 5 or 10 years from now, you%26#039;ll be starting the whole cycle over again.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

Ask your tax accountant, but I think that the total payments on a home equity are deductible. Plus you%26#039;re not extending the number of years left on the first mortgage.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

Well, there%26#039;s a lot more information needed to help you with a decision. Such as, how much equity do you have in your home? And, after you pay off your credit card debts, are you disciplined enough to not run them up again? Just some things to think about.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

Only if that STILL leaves you with atleast 10% equity. It can cost close to that (8-9%) to sell a home with a realtor and closing costs, and you dont want to be in a situation where you wouldn%26#039;t be able to sell and walk away if you lost your job or something.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

Lets really think about this. If you have enough equity in your home, do you really want to lose that. If you default on your home loan, you lose the home. If you default on a credit card payment, it won%26#039;t cost you your home.

Everything can be negotioated. Call your credit card companies and tell them that you are interested in lowering your rate and if you have to transfer balances to a lower interest card, you will. They will usually lower interest rates if you have been a good customer.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

You are about to do something even dumber than accumulating $40k in credit card debt. Do you really want to put your credit card debt on the house where your kids sleep? Think about it! Go to the website below %26amp; figure out how to get your financial act together. You need to stop trying to borrow your way out of debt.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

What is your goal? To get out of debt? Because you won%26#039;t do that with a re-fi or HELOC - you%26#039;ll just shift the debt from one place to another.

The best way to do this is by paying MORE than the minimum on your credit cards using a debt snowball. List your debts from smallest to largest balance (unless one or two have REALLY high interest rates, then they%26#039;ll go at the top). Start paying as much as you can on the top debt and the minimum on everything else. When debt #1 is paid off, roll the money you WERE paying them into debt #2 (your debt reduction payment will stay the same). Keep rolling the payments as you pay off each debt and you should be debt free within three years.

We used this plan and paid off over $60K in debt (car, credit cards, student loans) in about 3.5 years. It takes hard work, but now, our money is our own.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

I am Mr Peterson Chris.I am a legitimate loan lender who gives out loans at low interest rate of 3%.Are you finacially down?Do you want to pay your bills?Is your credit score low?If yes,then you are in need of a loan.I deal with only honest people who are really in need of this loan.If interested contact me today with the loan of loan you need so that my loan terms and condition will be forwarded to you.You are to mail me or contact me through this email address

consultingpeters@myway.com

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

HELOCs are attractive bet as you can generate the urgent cash at a reduced interest rate. Another benefit of opting for HELOC, or a home equity line of credit is the tax break you get, but you have to get it confirmed from your lender or accountant.

Should I refinance my home or do home equity loan? I need about $40,000 to pay my credit card debts and etc.?

Maybe you should file bankruptcy. You can still keep your house if you decide to file. Depending on houw much equity you have in your home, you might have to file a Chapter 13.

Can a credit card company chase you for a 鎷?00 debt after 15 years.?

After 15 years i have received a letter from a debt collection agency with regards to a debt of 鎷?00 owing,,

I thought this was forgot about and written off by the bank.

I have a very good credit rating at the moment and banks are offering me loans and credit all over the place..

Can the debt collection agency do me any harm (financial type)

Any info would be appreciated,,

ps,,What do i do with the 3 letters i have been sent..??

Can a credit card company chase you for a 鎷?00 debt after 15 years.?

A debt only lasts on your credit record for 6 years. They will have bought the debt and will try to chase you for it. They only make money if they collect from the debtors. They wont take you to court (never for such a small amount) so i would send the letters back saying `he doesn`t live here` they will give up eventually.

Can a credit card company chase you for a 鎷?00 debt after 15 years.?

In the UK, the statute of limitations to collect a bad debt is 6 years. Don%26#039;t call the creditor, just ignore.

Can a credit card company chase you for a 鎷?00 debt after 15 years.?

Credit card companies generally sale your debt to a collection agency for about half of what you owe, and write off their losses. However, the collection agency may go after you for the debt at that time.

Any debt you have is supposed to be written off on your credit reports after 7 years. You can call them and make a payment arrangement with them if they are threatening you with taking you to court. However, since it has been 15 years, I don%26#039;t think there is anything they can do about it.

Can a credit card company chase you for a 鎷?00 debt after 15 years.?

Banks sell %26#039;debts%26#039; on to %26#039;Collectors%26#039; for a pittance. The rest of the money, they simply write off, by means of an appropriate accounting entry. These %26#039;Collectors%26#039; will pester you by letter, incessant (and, at all times) telephone calls, personal visits, talking to your neighbours, threats of legal action, the threatened or actual registration of adverse information with Credit Reference Agencies, etc, etc. As for their 3 letters: 1. Write them a letter along the lines; %26quot;Dear %26#039;debt collector.%26#039; I am sitting in the smallest room in the house. Right now your communications are in front of me. Shortly, they will be behind me. Trust I shall not hear from you again, unless it is by your solicitors, acting upon - no doubt - well-prepared instructions. Your informatively%26quot; - (Your usual signature and date.) 2. Send your letter recorded delivery. 3. Retain a photocopy. N.B. If they respond, you have our e-mail address.

I've being sued for a recovery agency,(credit card),,need help?

im in texas they%26#039;r in ohio,and they contact a attorney in my city to place a court order, i received the papers and i have 5 days to reply,at court,i have this debt(credit card)since 2002 and some others credit cards that i did not pay either, if i don%26#039;t show up at court, the papers said they can do a judgement on me, what they can do against me,can they freeze my bank account,put me on jail or what? i have a house and a car under my name, thats it, also i have low income, so there is no way for me to pay the amount, what i can do, please help.

I%26#039;ve being sued for a recovery agency,(credit card),,need help?

Few good sources:

http://www.expert-credit-advice.com/stat...

http://www.expert-credit-advice.com/debt...

http://www.legaladviceline.com/default_1...

I%26#039;ve being sued for a recovery agency,(credit card),,need help?

appear in court. they can make payment arrangements. that would probably be best you shouldnt avoid this. they cant put you in jail but they can garnish the hell out of your wages and make you pay court and lawyer fees, which would suck..

I%26#039;ve being sued for a recovery agency,(credit card),,need help?

They can order jail time, and fees. If those fees are not paid, they can legally put a lein on your car and home. That means if they are ever sold, the debt is paid before you even see the money.

Why not just pay your debts?

I%26#039;ve being sued for a recovery agency,(credit card),,need help?

For starters, completely ignore the dribble from Gilly Bean. That response is pure collection agent nonsense. They will NOT put you in jail for debts. Positive!

Ignore the responses sending you to credit repair, credit counseling, or consolidation loan sites. I wish these people would quit spamming yahoo with those self serving answers.

OK, for starters don%26#039;t panic. Read over your court papers very carefully. If it says you need to file an answer, DO IT NOW! Failure to file an answer could result in a default.

Go to court! Again, if you are a no-show, they win on default.

Bring along a list of your finances and income. If you lose (you make it sound like you will) then explain your situation to the judge. In many states, the judge can order installment payments that will fit into your budget.

If not, then you need to research Texas collection laws. They can not garnish wages in Texas. They can go after you bank accounts, or your car. They can put a lien on your home.

Go to court and see what arrangements you can make. Good luck.