What is the effect on credit of using a debt consolidation service to reduce interest rates and monthly payments? Our credit rating is important to us, and we have never been late on a payment. Our credit rating has, however, suffered from approximately $100,000 in credit card debt, the proceeds of which were used to purchase equipment for a business venture.

Hi, I need some advice on what to do with my upcoming income tax money. I will be receiving about $1500 and am undecided on what to do with it. I can finish paying my car note, which is $1650 or pay off 3 of my credit cards. If I pay off my car note, I will be saving about $300 a month. If I pay off my credit cards I won't have to worry about them and save all that interest. One thing I should mention, I am behind and over the limit on all of them. I'll still have 3 more cards to worry about and another car note as well. Any suggestions will be greatly appreciated. Thanks in advanced.

Rick Jordan sent me a letter on a debt that was settled and paid as of 1994 and told me that I was going to go into collections for this amount unless I can provide proof that the debt was settled. I told him I kept records for 7 years. He said BECAUSE I called he could not emy account -was verbally abusive and when I became angry he said he noted my account for 'cussing' and that" I should be a ashamed of myself" and then hung up on me!

Congratulations Harleygirl2185 It is wonderful to see you winning the prize. We enjoyed your postings and looking forward to more postings from you. Please mail your address or pay pal account through private message of the forum or through the mail ID which you have mentioned with your forum account. You can either mail to [email]vikas@debtconsolidationcare.com[/email] or [email]simon@debtconsolidationcare.com[/email]. We will appreciate an account with pay pal so as to make things easier and faster. Thank you, Simon

Computer records containing all the credit-card records of U.S. Senators are missing. It was also having credit-card records of more than a million U.S. government employees, Bank of America announced yesterday, putting the customers at increased risk of identity theft. Complete story here, I missed the Reuters link to original story, computerworld.com/securitytopics/security/story/0,10801,100061,00.html Vikas [color=red][size=2][Link made inactive as per TOS-Vikas][/size][/color]

Hello I just checked my credit report and it shows a delinquent amount of $370 dollars from Aug 2003. I can't figure out what this is. I haven't heard from any collection agencies either. Please get back to me with an response. Thank you, Brook Griswold

HOW TO MAKE THOUSANDS DOING NOTHING AT ALL

Hi My friend George has got the break of $6500 in his debt settlement process. He files his I.Tax return jointly with his wife.George has an expectation of annual income of $52100 in this financial year. How mich amount can he be benefited by the process of debt settlement after adjusting the Income Tax? Please help me out.

Hi I am carrying credit card debts of $7200 and other unsecured debt $3400. At present I am paying 60% of my net monthly income towards repayment of my existing debt. I have my own house property in the city and I have two four wheelers. I want to consolidate my debt. Please suggest me, whether I should go for debt consolidation or enroll myself in debt consolidation loan program?

I was a victim of identity theft in 1997 and 3 credit card accounts were opened in my name, sent to a mailbox rental store. One of the credit cards was opened with Household Bank. Although they were skeptical initially that I was a victim of identity theft, I sent them the paperwork they required and never heard from them after a few months. A few days ago, I received a letter from Asset Acceptance saying that if I do not reply within 30 days, I will be acknowledging the debt of $4100. I checked my credit report and Household bank wasn't even on it!