Articles in March, 2010

Debt Management Plan and other Debt Payment Alternatives

Tuesday, March 30th, 2010 at 4:57 am

Debts can get out of control quickly. A lot of people learn that fact the hard way. One simple and effective method of paying off your non-priority creditors is through a debt management plan (DMP).

DMP is part of credit counselling service. This type of counselling is available to consumers who have trouble with Payment of their debts, and include services such as:

• Money management classes
• Budget counselling
• Referrals to similar helpful services
• Housing counselling
• Debt counselling

When you ask for assistance using a DMP, a debt counsellor will calculate a realistic amount of money that you can afford to pay monthly after paying off your priority debts. Priority debts are those debts where non-payment will give your creditors the right to sue you, or confiscate any of your properties.

Usually, when you go through a DMP, here is what you can expect:

• A credit counsellor will make a full assessment of your financial situation. You will be asked to provide information such as your monthly income and expenditure, creditors, and other related things.

• Based on the information you gave, your credit counsellor will come up with a financial statement, which will then determine how much money you can pay monthly to pay off your debts.

• Your counsellor will then approach your creditor and negotiate for a reduced payment. Most of the time, creditors will be happy to agree to something that will help you pay off your debts to them, especially if the monthly figure you will be able to pay is a realistic figure for you. The more realistic it is, the more sustainable it will be.

• You make your monthly payments.

• Once in a while your credit counsellor will assess your situation and check to see if your monthly payment is still applicable to your circumstances.

• You may continue paying through the DMP until you have cleared your debts, or you may also choose to voluntarily end it.

To make sure that you are getting the right kind of quality service from a credit counselling agency, check the following criteria:

• Is it an accredited and non-profit agency? – The minimum requirement you should look for in a credit counselling agency is that it is a registered non-profit agency.

• Do they employ certified counsellors? – most credit counselling agencies have in-house training programs, but it’s best if their counsellors also passed certification exams to test their knowledge in areas such as budgeting, bankruptcy, consumer law, and the likes.

• Do they provide a varied list of debt management options?

• Do they charge reasonable fees? – Most credit counselling agencies do not charge people for their services, and put 100% of their monthly payments towards their debts. Some would charge a minimal monthly fee for administering DMP. If you decide to go with an agency’s DMP, make sure that you have all the agreements regarding fees into writing.

• Are they transparent with their declaration of fees and services? – Determine if the company will give you the information you need without asking for financial information from you first. The agency must also be able to show you a record of all the payments you made and your remaining balances.

• Do they have a clean business record? – You may check this information with the Better Business Bureau (or similar government agencies in your country) to find out if there has ever been any complaint filed against the agency.

There are many resources available online to help you with finding the right Debt Management Plan that will work for you.

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Certified Financial Solutions — Attorney Supervised Debt Management

Friday, March 26th, 2010 at 5:32 pm

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2 Certified Financial Solutions Attorney Supervised Debt Management We are an Attorney Supervised Debt Settlement company. We will help you resolve your financial difficulties and get you back on your feet again. Give us a try and let us show you a better way. Visit us at www.certifiedfinancialsolutions.com

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Technorati Tags: cash, collectors, Consolidation, consumer debt, credit card, debt, Debt Help, Financial, loans, money, spending

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Consumer Credit Counseling Service

Friday, March 26th, 2010 at 5:32 pm

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2 Consumer Credit Counseling Service Consumer Credit counseling Service, in North Little Rock, Arkansas, provides confidential and comprehensive assistance with budgeting, credit report review and thorough debt management. No one is turned away, and all cases are handled in confidence. They help you create a budget, devise plans to pay off your credit cards, even assist with housing. They are dedicated to helping you achieve debt relief by disciplined, proven methods.
Visit us http://www.yellowpages.com/info-9863348/Consumer-Credit-counseling-Service?from=youtb

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Technorati Tags: Arkansas, assistance, budgeting, confidential, counseling, credit, debt, Financial, housing, literacy, Little, management, North, Relief, report, review, Rock, service, services, YELLOWPAGES

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How to get out of debt in 12 months or less – part 2

Friday, March 26th, 2010 at 5:32 pm

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2 How to get out of debt in 12 months or less part 2 http://www.thegreatdebtdeception.com/
Part 2 Clear your unsecured loans / bad credit in 12 months or less, even if you can’t make the payment. discover the secret to debt freedom, without going bankrupt, IVA, debt consolidation or management.

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Technorati Tags: Bankruptcy, book, cash, credit, debt, debt free, Debt Management, debt write-off, free, get out of debt, Iva

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The Following is an excerpt Lucent Technologies Management?

Friday, March 26th, 2010 at 5:16 pm

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The Following is a excerpt from Lucent Technologies management? Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks. Backed by Bell Labs research and development, we use our strengths in mobility, optical, access, data and voice networking technologies, as well as services, to create new revenue-generating opportunities for our customers, while enabling them to quickly deploy and better manage their networks. Our customer base includes communications service providers, governments and enterprises worldwide. We have three segments organized around the products and services we sell. The reportable segments are Integrated Network Solutions (“INS”), Mobility Solutions (“Mobility”) and Lucent Worldwide Services (“Services”). INS provides a broad range of software and wireline equipment related to voice networking (primarily consisting of switching products, which we sometimes refer to as convergence solutions, and voice messaging products), data and network management (primarily consisting of access and related data networking equipment and operating support software) and optical networking. Mobility provides software and wireless equipment to support radio access and core networks. Services provides deployment, maintenance, professional and managed services in support of both our product offerings as well as multi-vendor networks. Beginning in fiscal 2001, the global telecommunications market deteriorated, resulting from a decrease in the competitive local exchange carrier market and a significant reduction in capital spending by established service providers.This trend intensified during fiscal 2002 and continued into fiscal 2003. Reasons for the market deterioration included general economic slowdown, network overcapacity, customer bankruptcies, network build-out delays and limited availability of capital. We believe that the market for telecommunications equipment has stabilized and is starting to grow in certain areas. The growing demands of enterprises and consumers for additional services tailored to their needs is creating the need for a new convergence of networks, technologies and applications. Required 1. Using the Consolidated Balance Sheets for Lucent Technologies for September 30, 2004 and 2003, prepare a common-size balance sheet. 2. Evaluate the asset, debt, and equity structure of Lucent Technologies, as well as trends and changes found on the common-size balance sheet. 3. What concerns would investors and creditors have based on only this information? 4. What additional financial and nonfinancial information would investors and creditors need to make investing and lending decisions for Lucent Technologies?

I’ve sent the file to that address you gave me.

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Creditor threatens to send my account to an Attorney to pay off debt?

Friday, March 26th, 2010 at 5:16 pm

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I got a letter today from Midland Credit Management, asking for a debt in the amount of $1,181.56. The Debt is from Aspire Visa, a card I used to have .. I could not pay it all off since I lost my job and i’m having trouble finding a new one. I can’t pay off this debt in this amount .. it originally was NOT over $1,000, it was $630. They added on all these late fees / interest when I could not pay over a amount of time. I tried to make small payments, but obviously they didn’t help, it just got larger and larger. The account has been in collections for a while and so, it doesn’t matter how much I pay, it’s still not enough.

They sent me a letter saying:

"This letter is to inform you that Midland Credit Mangement, Inc. Is Considering forwarding this account to an Attorney with the intent to initate legal action to settle the debt.

Please call our office immediately at 800-939-2353 to make arrangements to pay this debt and prevent any legal action on your account"

What do I do?? I cannot afford this .. I have absolutely no funds, and there no point in calling telling them that because well, what are they gonna do?

I’ve told them that I can pay it when I get a job, which I am currently looking for, but if the case goes to an Attorney, what are they gonna do? even if I will have to go to court, that’s still not going to get them money .. because I don’t have it. I also have no assets, no car, no house, or anything. So what can they do?

I’m really worried. I am still trying to find any job I can, but even if I do, it will take me a while to save up that much money.

Thanks for your help.
oh, and if you’re wondering, i’m posting this from my aunt’s house, I cannot even afford my own internet. LOL
CAN they take me to court though, over this debt??

Yes, of course they can take you to court over this.

What does that mean? Well, it means you need to go to court and try to work out a payment plan with them. Do NOT just not show up. That is the worst thing you can do.

You can also try to settle this out of court.

You can also demand that they validate the debt.

You can do many things. Research this topic and the topic of credit repair. You do have rights and it will make it a lot easier on you if you know your rights!

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Debt Management Help in Uk

Friday, March 12th, 2010 at 5:12 pm

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2 Debt Management Help in Uk http://www.debtadvisoryline.co.uk/ Take Debt Advisory Line’s Free Debt Test Now. Get Free Award Winning Debt Advice, Debt Help and Management Solutions in UK.

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Technorati Tags: Advice, Best, debt, Iva, management, Order, Plan, Relief, UK

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Consumer Credit Counselling Services (CCCS)

Friday, March 12th, 2010 at 5:12 pm

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2 Consumer Credit Counselling Services (CCCS) Charity Awards 2009 Research, advice and support winners

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Will you die with your debt, or live debt free?

Friday, March 12th, 2010 at 5:12 pm

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2 Will you die with your debt, or live debt free? Nationally syndicated radio host Dave Burke and the Real Talk Network, www.gorealtalk.com, are on a crusade to keep families safe and pay off your debt honorably. Pay off your credit cards in weeks, pay off your auto loans in months and pay off your mortgage in 5-7 years. We create a personalized financial plan with advanced financial techniques, coaching, and information banks dont want you to know about. We empower America in our Debt Elimination workshops in California, Colorado, New York, Illinois, Arizona, Nevada, New Jersey, and more. Call 877-33-GORTN or log on to www.gortn.com to register for a financial freedom workshop.

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Technorati Tags: debt, debts, education, elimination, finance, Financial, freedom, management, mortgages, pay, planning, workshops, your

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The following is an excerpt from Lucent Technologies’ Management?

Friday, March 12th, 2010 at 4:22 pm

Comments (2)

The following is an excerpt from Lucent Technologies’ Management?
Executive Summary
We design and deliver the systems, software
and services that drive next-generation communications
networks. Backed by Bell Labs
research and development, we use our
strengths in mobility, optical, access, data and
voice networking technologies, as well as
services, to create new revenue-generating
opportunities for our customers, while
enabling them to quickly deploy and better
manage their networks. Our customer base
includes communications service providers,
governments and enterprises worldwide.
We have three segments organized
around the products and services we sell.
The reportable segments are Integrated Network
Solutions (“INS”), Mobility Solutions
(“Mobility”) and Lucent Worldwide Services
(“Services”). INS provides a broad range
of software and wireline equipment related
to voice networking (primarily consisting
of switching products, which we sometimes
refer to as convergence solutions, and voice
messaging products), data and network
management (primarily consisting of access
and related data networking equipment
and operating support software) and optical
networking. Mobility provides software and
wireless equipment to support radio access
and core networks. Services provides deployment,
maintenance, professional and managed
services in support of both our product
offerings as well as multi-vendor networks.
Beginning in fiscal 2001, the global
telecommunications market deteriorated,
resulting from a decrease in the competitive
local exchange carrier market and a significant
reduction in capital spending by established
service providers.This trend intensified
during fiscal 2002 and continued into fiscal
2003. Reasons for the market deterioration
included general economic slowdown, network
overcapacity, customer bankruptcies,
network build-out delays and limited availability
of capital.
We believe that the market for telecommunications
equipment has stabilized
and is starting to grow in certain areas. The
growing demands of enterprises and consumers
for additional services tailored to
their needs is creating the need for a new
convergence of networks, technologies and
applications.
Required
1. Using the Consolidated Balance
Sheets for Lucent Technologies for
September 30, 2004 and 2003, prepare
a common-size balance sheet.
2. Evaluate the asset, debt, and equity
structure of Lucent Technologies, as
well as trends and changes found on
the common-size balance sheet.
3. What concerns would investors and
creditors have based on only this
information?
4. What additional financial and nonfinancial
information would investors
and creditors need to make investing
and lending decisions for Lucent
Technologies?

LUCENT TECHNOLOGIES INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in Millions, Except per Share Amounts)
September 30, September 30,
2004 2003
Assets
Cash and cash equivalents $ 3,379 $ 3,821
Marketable securities 858 686
Receivables 1,359 1,511
Inventories 822 632
Other current assets 1,813 1,213
Total current assets 8,231 7,863
Marketable securities 636 —
Property, plant, and equipment, net 1,376 1,593
Prepaid pension costs 5,358 4,659
Goodwill and other acquired intangibles, net 434 188
Other assets 928 1,608
Total assets $ 16,963 $ 15,911
Liabilities
Accounts payable $ 872 $ 1,072
Payroll and benefit-related liabilities 1,232 1,080
Debt maturing within one year 1 389
Other current liabilities 2,361 2,393
Total current liabilities 4,466 4,934
Postretirement and postemployment benefit liabilities 4,881 4,669
Pension liabilities 1,874 2,494
Long-term debt 4,837 4,439
Liability to subsidiary trust issuing preferred securities 1,152 1,152
Other liabilities 1,132 1,594
Total liabilities 18,342 19,282
Commitments and contingencies
8.00% redeemable convertible preferred stock — 868
Shareowners’ Deficit
Preferred stock—par value $1.00 per share; authorized shares:
250; issued and outstanding: none — —
Common stock—par value $.01 per share;Authorized shares:
10,000; 4,396 issued and 4,395 outstanding shares as of
September 30, 2004,and 4,170 issued and 4,169
outstanding shares as of September 30, 2003 44 42
Additional paid-in capital 23,005 22,252
Accumulated deficit (20,793) (22,795)
Accumulated other comprehensive loss (3,635) (3,738)
Total shareowners’ deficit (1,379) (4,239)
Total liabilities, redeemable convertible preferred stock
and shareowners’ deficit $ 16,963 $ 15911

* 1 month ago

I’ve sent the Excel file to the email address you gave me.

Archive for March, 2010

Debt Management Plan and other Debt Payment Alternatives

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Certified Financial Solutions — Attorney Supervised Debt Management

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Consumer Credit Counseling Service

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How to get out of debt in 12 months or less – part 2

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The Following is an excerpt Lucent Technologies Management?

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Creditor threatens to send my account to an Attorney to pay off debt?

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Debt Management Help in Uk

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Will you die with your debt, or live debt free?

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The following is an excerpt from Lucent Technologies’ Management?

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Debt Management Plans

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