2013년 11월 25일 월요일

About 'irs bad debt'|... the key parts of that. Ellsberg will go to prison for life. $50 thousand in debt. “Justice” wants his ass. This day, Nov. 30, 1971, James Heisterkamp began...







About 'irs bad debt'|... the key parts of that. Ellsberg will go to prison for life. $50 thousand in debt. “Justice” wants his ass. This day, Nov. 30, 1971, James Heisterkamp began...








Christian               debt               consolidation               shares               in               the               problems               endemic               in               an               industry               that,               as               recently               as               ten               years               ago               provided               a               real               and               valuable               service.

The               problems               with               these               businesses               has               gotten               so               bad               that               the               Credit               Info               Center               advises               against               using               any               debt               consolidation               service               and               especially               any               so               called               Christian               debt               consolidation               service.

This               is               not               an               anti               Christian               bias               but               a               warning               against               using               a               service               that               uses               the               word               "Christian"               to               gain               people's               trust.

The               IRS               is               auditing               the               top               50               debt               consolidation               agencies               and               the               Better               Business               Bureau               reported               1480               complaints               in               2002               as               compared               to               261               in               1998.
               According               to               the               Consumer               Federation               of               America,               the               questionable               practices               of               Christian               and               other               debt               consolidation               services               include               the               following
               1               Deceptively               claim               fees               are               voluntary               and               do               not               adequately               disclose               fees               
               2               Excessive               costs-some               agencies               charge               as               much               as               a               full               month's               consolidated               debts               just               to               set               up               an               account               
               3               Abuse               of               non--profit               status.

Christian               debt               consolidation,               along               with               its               secular               counterparts               functions               like               a               for-profit               business               with               aggressive               advertising,               close               ties               to               for               profit               firms,               getting               high               revenues               and               paying               high               executives               much               more               than               that               paid               to               the               average               non-profit               executive.
               A               new               tactic               used               by               Christian               debt               consolidation               services               is               to               require               the               consumer               to               buy               their               counseling               and               educational               services,               which               are               supposed               to               be               Bible-               based               financial               counseling.
               There               are               a               few               honest               agencies               out               there               and               there               are               still               millions               of               Americans               who               need               debt               consolidation               services               and               financial               counseling.


               A               basic               minimum               requirement               for               using               a               service               should               include               approval               by               the               Better               Business               Bureau.

There               are               several               red               flags               to               look               out               for:
               -               High               fees-more               than               $50               set               up               and               $25               per               month.

Look               out               for               "voluntary"               fees               that               are               not               so               voluntary               
               -               The               hard               sell-the               person               on               the               phone               is               reading               from               a               script               and               pushing               debt               "savings"               or               a               future               "consolidated               loan."               You               certainly               do               not               want               to               get               even               further               in               debt.


               -               Employees               are               paid               commissions               
               -               They               come               up               with               a               plan               for               you               in               less               than               20               minutes.

A               plan               should               take               at               least               30               minutes.
               The               Christian               debt               consolidation               service               will               sometimes               immediately               switch               you               to               a               generic               service.

Some               give               Bible               based               reasons               for               getting               out               of               debt.

An               example               of               a               Christian               service               is               one               that               said               it               was               free               and               had               no               setup               fees.

The               consumer               would               have               to               share               part               of               the               internal               costs               (postage               stamps,               envelopes,               check               stock,               and               bank               fees)               which               would               be               tax               deductible!

The               consumer               also               had               to               purchase               a               Bible               based               counseling               and               education               package.
               There               was               one               site               that               offered               the               most               refreshing               advice.

Quoting               Paul               in               Romans               "Owe               no               man               anything,               but               to               love               one               another,"               it               advised               people               to               cut               up               all               credit               cards               and               pay               them               off.

It               further               urged               that               people               pay               cash               for               all               purchases,               sell               off               a               mortgaged               property               that               could               not               immediately               be               paid               off,               sell               all               unnecessary               household               items,               and               provide               for               only               the               basic               needs               for               themselves               and               their               families.






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