How can I eliminate debt legally and who can I trust and how do I know if they are honest & not a scam?

Jul 09, 2009 by Marge | Posted in Credit


There are not magic bullets to getting rid of debt.

Losing debt...is a lot like losing weight....you need discipline and focus.

You have to live on less than you make and take the extra and pay your debt off.

MSAD | Jul 10, 2009

The only way to eliminate debt is pay it off in full or file for bankruptcy, if you qualify, and get them discharged by the court. Anyone who says they can "eliminate" your debt is a scam. Wise up or you're vulture food. There was just another
ibu guru | Jul 09, 2009

Recent advertisements about legally eliminating debt?

May 10, 2007 by whisper2roar | Posted in Credit

I've heard a lot of commercials recently about a program that helps you eliminate debt without paying any money or borrowing any more (I heard the most recent ad I'm talking about on late night radio, on Coast to Coast AM with George Noory, last night).

Don't do it!!! My roomate worked for one of those companies and the Feds came and shut them down one day!
basically , you pay them to negotiate your bills for you. then you make a monthly payment, say $30 per month. They keep $10 and pay the other

nino | May 10, 2007

Debt Management : How to Eliminate Debt Legally

In order to legally eliminate debt, a person can use a debt consolidation loan, they could negotiate with creditors and they could declare ...

Federal Reserve can't rescue debt debacle

27.07.11

Fed officials are monitoring the situation, and Bernanke and William C. Dudley, president of the Federal Reserve Bank of New York, met with Treasury Secretary Timothy F. Geithner late last week to discuss options. The Fed acts as the “fiscal agent” for the Treasury, a role akin to being the federal government’s banker.

But despite that role, considerable legal restrictions on what the Fed can do make it hard to imagine the central bank being able to address the immediate crisis. And there is no appetite within the independent-minded Fed to intervene in a fundamentally political dispute, particularly one as polarizing as how much the government should spend and how it should pay for it.

Source: Washington Post

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Eliminate Credit Card Debt Legally – Find the answer right here …

by American Debt Credit Services

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There are a great many options available to people with debt problems. Two of the most commonly used options are bankruptcy and debt settlement. There are many different opinions out there about which of these two are the best.

Those who feel that bankruptcy is the better option think so because the result is a complete elimination of the debt. Others think that settlement is a better option, because it does not damage a person’s credit history anywhere near as much as bankruptcy. For many, settlement is the best solution. The following is a comparison of both bankruptcy and debt settlement for a solution to how to eliminate credit card debt legally.

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Read more...

legally eliminate debt - News


Federal Reserve can't rescue debt debacle
Washington Post - Jul 27, 2011
For one thing, the Fed is legally prohibited from buying debt directly from the Treasury. Even if it were to buy debt on the open market, which it is allowed to do, it would not help the fundamental problem of the government lacking the legal capacity

Obama emphasizes need for debt compromise
MSU State News - Jul 26, 2011
Mike Rogers, R-Brighton, said he supports a plan that would control governmental spending, eliminate the deficit and start paying down the national debt. “Families understand they have to balance their checkbook, and if their wages go down,

Truthful Accounting Should Be the First Objective of Any Debt Ceiling Compromise
American Thinker - Jul 28, 2011
Any debt ceiling compromise should mandate that all federal government accounting and budgeting be conducted on a full accrual basis. This should include any and all social programs that exist under current law. This would eliminate the excuse that

If Your Government Check Stops Due to the Debt Limit: Blame Obama
Big Government - Jul 28, 2011
Professor Michael McConnell of Stanford University explains the process: The Social Security trust fund holds about $2.4 trillion in US Treasury bonds, which its trustees are legally entitled to redeem whenever Social Security is running a current

Readers' Response: Solutions to the National Debt Problem, part 1
Livingston Daily - Jul 24, 2011
No more free hand outs to immigrants that are not registered legally in the US. Put all 50 states in the US on the same playing field for a life time maximum of three (3) of any type of government assistance. This will prevent the lazy ones from going

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