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Previous Forum Posts/Comments about debt resolution
Posted on: Oct 10, 08 11:00 am by: Stephen Bryant
Can any of you give me some advice about this?...
The Small Business Administration does not make loans directly, but it does guarantee loans for small-business owners through banks or other lending institutions. There is no specific policy that prevents the SBA from guaranteeing loans for companies that have declared bankruptcy, says Jim Hammersley, director of the SBA's Office of Business Loans.
"However, declaring bankruptcy is an issue in a person's credit history that would have to be thoroughly reviewed during the credit-underwriting process," he says.
Posted on: Oct 09, 08 01:47 pm by: David Day
I thought that this was awesome when I first read it...
Seniors were expected to graduate with some $28,953 in debt — $26,089 of it in student loans and $2,864 on their credit cards. In 2001, a senior's average debt was $20,402, with some $2,185 on credit cards.
Catherine Williams, a credit expert with Money Management International, a Houston-based financial counseling and education agency, noted that there's been a nationwide push over the past several years to improve financial literacy among young people.
Posted on: Oct 08, 08 04:45 pm by: Katie Bryant
Look at what finally happened...
But debts are not trivialities. They can attain dangerous proportions if they grow unhindered. Though individual attempts of the debtors will be always welcome, these can go haywire in the absence of expert help from counsellors.
Posted on: Oct 08, 08 12:13 am by: Jennifer Johnson
I thought that you should all take a look at this...
About the American Credit Foundation
DebtGuru. com® is the Internet domain for American Credit Foundation, an IRS 501 non-profit consumer credit counseling organization. American Credit Foundation has assisted thousands of individuals and families with their financial situations by providing seminars, education, confidential counseling services, and, when applicable, by establishing debt management repayment plans.