I can't see where a debt management plan is going to be helpful for you. The issue seems to be, for whatever reason, you've found yourself again in a situation where you living expenses exceed your income.
Thanks to muscular promptings by NY State Attorney General, Eric Schneiderman, the three major U.S. credit reporting agencies announced changes in the way in which medical debt will be scored when they deliver an individual's credit report.
Peyton is a freelance journalist who has written for many publications, mostly in her local area. She felt lucky when she found a publication willing to pay her more than the usual $50-75 per story that most other publications offered.
In North Carolina, it would be silly to buy a home or car without documentation and evidence the purchase is legitimate or know the identity of the property and have it well documented. So why does it not make logical sense to make sure purchased bad debt can be authoritatively documented as well?
What was it like to open up a letter announcing that the burden of a large medical debt had been taken away? "I was dumbfounded," replies Terrance Lavalle, referring to a letter he received in November from Occupy Wall Street's working group, "The Rolling Jubilee."
Having spent a lot of time thinking about this problem, I want to offer to you five simple ideas that will suppress the "criminal enterprise", uplift families, protect the safety and soundness of the banking system and ensure a functional credit and debt collection process.
Buying and selling debt has become a big business in the U.S. The FTC found that debt buyers typically purchase portfolios of debt for only four cents on the dollar, on average, and then collect on those debts for the full face value -- which nets them a huge profit.
I suggest putting a freeze on those debt collector lawsuits until unemployment falls to some more reasonable level -- 6 percent. That would give millions of Americans the breathing space to get back to work -- and then they can catch up on all those old past due debts.