Question by Salman K: I am a Canadian and ave about 20 K Dirhams of credit card debt in UAE. What will happen if I dont pay it?

I am a Canadian Citizen and have about 20 K Dirhams of credit card debt in UAE. What will happen if I dont pay it? I am currently living in Canada? Can the bank track down ny history in Canada? I will be grateful for any help.

Best answer:

Answer by Javier V
They can indeed track you down so pay up…

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Question by ruby: Where can I get advice to get help with debt settlement companies that take your money? Payed nothing!?

Best answer:

Answer by mister ed
if you have signed a contract you are out of luck — if not just do not pay them any more money!!! chalk up the loss to experience!!!

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Question by Jeremiah U: I need Negatives of John Mccain? O’Bama? Help me!?

Alright, I’m taking “International Economics” and I have to write a paper on the negatives that each can impose on INTERNATIONAL TRADE, the ECONOMY, or IMMIGRATION.

I’ve found out that O’Bama wants to RAISE the amount of immigration into the USA which UNDERMINES domestic salaries as foreigners take away domestic jobs. That is my first argument. Do you know of any more? I know he wants to fight NAFTA; does this mean he wants to impose Tariffs??!

For Mccain, I haven’t indulged too much into his yet; do you all have any negatives for him? I just read a little bit that he voted no against:

“Voted NO on prioritizing national debt reduction below tax cuts.”

Vote to table [kill] an amendment that would increase the amount of the budget that would be used to reduce the national debt by $ 75 billion over 5 year. The debt reduction would be offset by reducing the tax cut in the budget.
framework from $ 150 billion.

I negatives on his INTERNATIONAL TRADE; help!
I’m getting my sources from the Websites of each person and:

http://www.ontheissues.org/2008/

you will notice that it is a “.org” NOT some “.com” site.

Some of you who have responded have no idea about economics – I’m about ready to gradute w/an Econ major btw.

Best answer:

Answer by Malcolm Xerox
John McCain -> forgetful.
Obama -> racist.

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Question by gary m: hi,I have about 40k in credit card debt ,is it a good idea to contact a debt settlement firm?

Best answer:

Answer by CatDad
Stay away from any “debt consolidation” company that promises to cut your debt and payments in half through debt settlement….This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. You pay a monthly fee to a debt consolidator….this entire fee goes towards building a settlement account and to the consolidator’s fees to “settle” your accounts in the future. Your credit card companies will deliberately not be paid so that all the accounts will default/charge-off so that they can attempt settlements at around 50%. If you are current on your accounts, this process will ruin your credit rating for sure. Debt settlement is like a roll off the dice with your finances…You can never predict how your creditors will respond to the deliberate defaulting of your accounts…they might settle at 50%…or they might serve you a summons, take you to court…and if they win, you could be looking at wage garnishment.

Many people who sign up with “debt consolidation” firms incorrectly assume that they have the power to force your creditors to accept settlements…they don’t. Your creditors have the right to refuse settlements and take you to court.
——————————
- credit card companies only settle if you are way past due and can offer upfront, lump sum payments in a short amount of time….not small amounts over several years. Not all credit card companies will settle.
- If you’ve exhausted all possible alternatives, then the only realistic options for out of control credit card debt are entering into a non profit debt management plan like Consumer Credit Counseling Services (CCCS) or filing for Chapter 7. CCCS can negotiate reduced interest and payments…but they will NOT negotiate settlements. They can generally negotiate total payments down to 2%…in your case $ 800 per month…..If this reduced payment is way beyond your means then you should consult a bankruptcy attorney about filing for Chapter 7

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Question by supa_freak: I just want some advice on a possible scam.?

I answered an ad for a personal assistant, and this is the email I received back:

This is to confirm that you have been employed as my business associate in collection of premium for insurance agents, donations,
debt settlements, etc from my client’s customers.

You will be entitled to $ 500 on all payment processed weekly which is paid instantly after cash received from premium Bills Payment.
You will be notify via email immediately there’s premium (Bill Paycheck) in your name to your address via mail service.

The check/money order have to be cashed through your bank account, details and instruction will giving to you on what to do after payment
is received and cashed.

Has anyone else seen this? It sounds too good to be true.

Best answer:

Answer by T Z
Yep. That’s a scam. It is money laundering. Everytime I look for work I get tons of these emails.

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