Itama po natin

Itama po natin

Segment 1:

Q: Ano po ba ang mga dapat kong itanong sa isang debt resolution company bago po ako magenroll?

A: Unang-una po, ay kailangan nating malaman kung qualified or alam po nang kausap natin and mga problema natin dito sa US or Canada bago kayo mag-enroll.  Ang ibig ko pong sabihin ay pag tawag ninyo ay itanong muna kung:

  • Sila po ba ay nasa call center sa ibang bansa or pag tawag ninyo during odd hours ay mapupunta ang tawag ninyo sa ibang bansa? Baka po ang kausap ninyo ay nasa ibang bansa ay pano pong magbibigay ng mabuti o nababagay na advice sa inyo?Ito po ay hindi illegal pero nakakadadag sa unemployment dito sa US or Canada. Kung kayo po ay nawalan ng trabaho, dapat po bang ibigay sa taga ibang bansa ang trabaho ninyo?
  • Ano po ang qualification nila as far as finance? Ang nagbibigay ng advice sa inyo ay dapat lang na galing sa financial world at nagkaroon ng mahabang experience as finance.  Tatawag bakayo ng doctor kung nasusunog ang bahay ninyo?
  • Ang experience ba nila ay “Direct” or “Combined” experience? Ang “Direct” experience ay “Real” experience.  Ang “Combined” experience ay pinagduktong duktong na experience ng mga employees nila para mag mukang mahaba.  Ito po ay marketing buzz word na tila nakakalito ang ibig sabihin.  Example po ay 10 employees with 1 year experience each becomes 10 years “Combined”.

 

Ben Lou at your service.  Sa Debt Aid Consulting po ay “Direct” experience”.   I have been in the financial industry since 1984 giving me 29 years of background in finance.  I worked as an accountant for both private and public corporations.  I was President and CEO of a US, Sattelite office of a German owned corporation where the company was loosing money when I started and after 2 years turned it around to making money.

Ang lahat po ng aking mga assistants ay binibigyan ko ng continues education and trainings so that they can be up to par in the financial world.  They also come from the finance industry dito sa US and we are all bonded for your protection.

Dito po tayo at tutulungan ko din kayo.  Tawag na sa Debt Aid Consulting 888-341-5234.

Itama po natin ang mali!

 

Segment 2:

“Itama po natin” with Ben Lou

Ben Lou answers your questions about personal finances that matters to you the most.  After all, heath is wealth, but a good financial health supports good health.  Here’s a question about credit card debts.

Living a healthy financial life:  Managing your Credit Cards

Q: Kung mawalan ako ng trabaho o, mabawasan ang kita ko, tama bang mag-rely sa credit card pang-bayad ng mga monthly expenses?

A: Marami po sa ating mga kababayan ang nawalan ng trabaho at ginagamit ang credit card upang bayaran ang mga monthly expenses nila.  Hindi po dapat ganoon sapagkat hindi po tayo sigurado kung kailan uli darating ang bagong trabaho.  Maari na sa panahon na nakahanap kayo ng bagong trabaho, ay baon na kayo sa utang mula sa credit cards.

Yan po ay hindi  “buying time”  kung hindi “borrowing time”.  Inuutang po natin ang panahon para mapahaba natin ang pisi sa gastos.  Mahirap po ang umasa sa swerte sa paghahanap ng trabaho dahil nababaon kayo sa utang buwan-buwan.

Mabuti po na sanayin natin ang sarili na magtabi ng emergency money habang may trabaho.

Ang credit card ay pang-emergency lang po.  Kapag pinahaba ninyo ang pagbabayad ng credit card, magiging tali na kayo sa pagbabayad ng utang.

 

Itama po natin

Segment 3: By: Ben Lou

Q: Ako po ay nagbabayad ng minimum payments tuwing buwan sa mga credit cards.  Pano po malalaman kung kailangan ko nang humingi ng tulong para sa aking mga utang?

A: Unang una po, pag minimum lang po ang binabayaran ninyo sa mga unsecured debts tulad ng credit cards, eh mahaba haba pong panahon ang bubunuin ninyo bago po kayo makabayad kung hindi na po gagamitin yung mga cards para madagdagan ang mga utang.  Kung tuloy-tuloy pa rin po ninyong gagamitin ang mga cards habang binabayaran ng minimum payments, ay isang araw ay magugulat na lang kayo na wala nang nababawas sa utang natin kahit na mahabang panahon na tayong nagbabayad. Ang reality po ay by that time hawak na kayo ng banko sa leeg.  Napakataas po ng interest sa mga unsecured debts dahil wala po silang makukuhang collateral sa inyo.  Example po ay kotse.  Pag hindi po kayo nagbayad ng kotse, kukunin nila ito sa inyo. Eh pag hindi kayo nagbayad ng credit cards, ano kukunin nila sa inyo?  Hindi naman nila kukunin yung refrigerator ninyo sa bahay na ginamit na ninyo or yung sofa sa living room ninyo.  Pag ginawa po nila yon eh kailangan pa nilang rumenta ng isang malaking warehouse para mai-store yung mga kinuha sa mga hindi makabayad.  Kailangan pang mag hire ng mga kargador para i-move yung mga gamit kaya hindi po nila gagawin yon.  At kailangan pa nilang i-benta yung mga iyon para makabawe. Kaya mataas ang interest.

So kung ang ibibili ninyo ng  grocery ay binabayad na ninyo sa utang or hindi na kayo makalabas dahil takot kayong magastusan , kailangan na niyo ng tulong.  Kung hindi na ninyo ma-enjoy ang quality of life ninyo ay kailangan na ninyong humingi ng tulong.  Kaya po tayo nandito sa America or Canada ay para gumanda ang buhay, hindi para lumubog sa utang.

Kung kayo po ay naiipit na sa pagbabayad ng mga credit cards, welcome po kayong tumawag sa Debt Aid Consulting ng sa gayun ay mahanapan ng  tamang paraan na solutionan ang problemang financial.  Tumawag lang po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya po itama po natin ang mali.

 

 

Itama po natin:  By: Ben Lou

Segment 4:

Q: Kung hihingi po ako ng assistance sa debt relief advisor, anong aspects or qualities nang advertiser ang hahanapin ko?

A: Depende po sa hinihinging advice at kung sino ang nagbibigay ng advice.  Meron pong mga nagsasabing sila ay financial advisor na walang experience sa financial world. May naririnig akong mga advise na walang sense sometimes.

May advise na mag-ipon ng 20% na down payment para sa gusto nilang bilin na bahay.  Ito po ang pinaka-mahirap at matagal na paraan para mabili ninyo ang bahay na gusto ninyo.  Malamang po na hindi niyo mabili ang bahay na gusto ninyo dito sa America until after 10 years or more dahil matagal mag-ipon ng 20% down.  Mas mabilis po ang inflation kesa sa saving power ng mga tao.

Ang tamang sagot po ay to make baby steps.  You can start by buying a starter home like a condo or a townhouse with an FHA loan na mababa ang down payment.  Ito po ay magkakaroon ng equity after a few years at yung equity na yon ang pwede ninyong gamitin sa pagbili ng next step up na bahay para sa family ninyo.  And after a few more years ay ganon din uli ang gagawin para sa dream home ninyo.

Dapat ba akong bumili ng brand new na kotse? Para sakin po ay pag bumili kayo ng used car ay binibili ninyo ang sakit ng ulo ng ibang tao.  Most nang used car ay purchased “As is” so pag may sira ay kayo ang magpapagawa.

Ang tamang sagot po ay depende sa situation ninyo.  Meron pong mga dealership na nagbibigay ng brand new without a down payment na kung ma-aaford ninyo ang monthly payment at merong mag-cocosign kung wala kayong enough credit history ay walang problema bumili.  At kung hindi po talaga maaford ang brand new car ay no choice po at humanap na lang ng maayos na used car.

Ben Lou at your service.  As far as qualities ng advisor, 29 years ang aking financial experience.  Kung kailangan niyo po ng sound financial advise ay tumawag lang po sa akinsa Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama po natin ang mali.

Itama po natin: by Ben Lou

Segment 5:

Q: Ang property ko po ay under water or mababa na ang value sa aking pagkakabili.  Ano po ba ang mahusay na gawin?

A: Hindi po simple ang sagot diyan dahil maraming paraan based sa situation ninyo.

Situation 1: Kung nung binili ninyo ang property ay nasa mataas ang assessment sa presyo at significant po and binaba, kailangan po kayong gumawa ng research.  Bago po nagtaasan ang mga property sa area ninyo ay ano po ang normal na value nito.  Kung ang value was over assessed dahil nabili ninyo ito bago nag“Housing Bubble” ay malamang na matagal or hindi na bumalik ito sa tamang presyo.  In this case, you can seek the help of your bank para sa “Loan Modification”.   Sa “Loan Modification” ay ma-aaring ma-adjust ng banko ang utang or ang interest ninyo, depende sa pinaka mabuting modification na nababagay sa situation.

Magingat lang po sa nagsasabing matutulungan nila kayo sa “Loan Modification” at naniningil ng fee ahead of the service.  Bawal po na kumulekta ng fee para dito sa serviciong ito nang hindi pa nagagawa ang trabaho.

Ang mortgage lender po ninyo ang magsasabi kung kayo ay qualified or not pag nag-apply kayo at ito ay libre.  Hindi po kailangang magbayad para malaman kung kayo ay qualified.  Kasama poito pag nag apply kayo.

Situation 2: Kung ang value ng inyong property ay bumaba dahil sa recession at hindi dahil sa “Housing Bubble”, eventually po ay tataas po uli ang value nito.  Medyo mabagal lang nga!  Basta po kaya ang monthly nito at tinitirahan ninyo, in a few years ay babalik ang normal na presyo nito sa market.  Hindi po forever ang recession.  Dahil po mabigat and tama sa US ng recession, ay hindi rin ganong kabilis ang pagtaas. So, for this time i-hold lang muna ang mga balak na renovations.

Also, huwag gamitin ang mga credit cards para ma-renovate agad ang bahay.  Mataas po masyado and interest nito para gamitin sa renovation.  Cash po ang pinaka mabuti kung talagang hindi mahintay.

Ang advice ko po, “Keep it real”.  Huwag po tayong mangarap ng bahay na alam natin na hindi kaya.  Remember, the bigger the property, the bigger the mortgage, the bigger the maintenance and the bigger the property tax.

Ben Lou at your service!  29 years ang aking financial experience.  Kung kailangan niyo po ng sound financial advise ay tumawag lang po sa akinsa Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama po natin ang mali.

 

 

 

Itama po natin: by Ben Lou

Segment 6

Q: Dapat po bang mag file ng bankruptcy pag hindi na po manhandle ang pagbabayad sa utang?

A: Hindi po necessarily bankruptcy or BK for short and sagot sa problema sa mga utang.  May mga qualifications po para kayo ay maka pagfile ng BK.  Hindi po como gusto na ninyong mawala ang problema sa utang ay BK na agad ang sagot.

Unang una matagal pong sentencia para maapektuhan ang inyong credit pag nagfile kayo ng BK.  7-10 years ang katapat niyan.  Mahirap naman po yung hindi ninyo matulungan ang mga anak para mag cosign sa student loan or bumili man ng sasakyan.  Last option na po yan.

Chapter 7: Ang Chapter 7 Bankruptcy ay ang pagpatawad ng inyong mga unsecured na utang in totality.  Ang mga natitira lang ay mga liens sa bahay na under water, kotse na hindi pa bayad ng husto or other secured debts na hindi pa bayad.  Pag medyo malaki ang kita ninyo, kahit malaki din ang utang ay hindi na kayo papasok sa Chapter 7.

Chapter 11:  Ito po ang ginagamit ng mga corporation sa filing ng bankruptcy. It’s not for the regular person.

Chapter 13: Ang Chapter 13 Bankruptcy ay ang pag re-organize ng mga utang sa mga creditors.  Most of the time ay hindi nababayaran ng 100% ang mga utang at ang mga creditors and kumakain ng diferesiya pero magbabayad pa rin.  Gagawa po ng plano na monthly payment ang trustee ng court para ma-satisfy ang mga utang to a certain degree.  Ang problema dito ay kailangan pong i-report ninyo sa trustee ng court lahat ng gastos ninyo sa bawat buwan.  Nawala na po ang inyong freedom.  Usually ay 5 year program ito.

Tandaan lang po, hindi naman po nangyari ang mga utang na yan ng isang araw, so ang solution din ay hindi bigla.  It takes a little bit of time para maayos natin angating buhay at pagkatapos niyan ay may natutunan tayo kung pano humawak ng pera para dina po maulit ang mga problema sa utang.  Ang sagot pa rin po ay hanggang maaari ay magtabi kahit konti para in the future hindi nagigipit.  May mga program po kami na matutulungan po kayo para hindi mag bankruptcy.

Ben Lou at your service!  29 years ang aking financial experience.  Kung kailangan niyo po ng sound financial advise ay tumawag lang po sa akinsa Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama lang po natin ang mali.

 

 

Itama po natin!By: Ben Lou

Segment 7:

Q:  Ano po ba nag mga importanteng qualities ng debt resolution companies ang kailangan tingnan bago pumasok?

A:  Maganda po tanong yan!  Ang debt negotiation ay isang complex and tidious process na ang mga experienced na mga personnel ang nakakagawa.  Marami pong tumatawag sa akin na nagsasabing kaya nilang i-settle ang mga utang ng sarili nila pero in the end ay nageenroll din po, dahil naisahan sila ng mga collector.  Madalas po ay hindi sinusunod ng mga collector ang mga batas ng collection practices so ang nangyayari ay kinukuha ang bayad ninyo para sa settlement and by the time na malaman ninyong hindi pa settled ang utang ninyo ay wala na yung collector na pinadalahan ng pera at walang may alam sa napagusapan ninyo.  The frustrating part is balik kayo sa umpisa.

Sa Debt Aid Consulting, we only partner with the best, reliable and experienced attorneys, arbitrators and negotiators in the market.  Lahat po sila ay may 30+ years of real experience in the art of negotiating your debts down para kayo ang makinabang sa pera ninyo at hindi ang mga collection agencies.  Hindi po combined experience yan. Ang kanilang mga negotiators na naghahandle ng inyong mga accounts are all Certified Debt Specialist and they are experts in their field.  We offer a wide array of the best services in the market at i-match po kayo sa tamang programa, hindi dahil yon lang ang programa namin.  Kaya nga po sa Debt Aid Consulting lang nagagawa kahit may summons or garnishments or even Federal Credit Unions and Military Cards kayo, ay maayos po natin yan.  And we have the lowest prices and rates available in the market.

So, huwag na po tayong magpadala sa mga marketing buzz words na one stop shop dahil ito po ay hindi necessary sa paglutas ng inyong problema sa utang.  Ang importante po ay real experience. Pag hindi po experienced ang nagaayos ng mga problema ninyo sa utang ay kayo ang maaaring magastosan in the end.Lalo na kung sa call center and bagsak ng tawag ninyo.  Remember po, “Keep it real” and “Subok na kami”!

Ben Lou at your service.  29 years ang aking real financial experience.  Kung kailangan niyo po ng sound financial advise ay tumawag lang po sa akinsa Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama po natin ang mali.

 

Itama po natin. By: Ben Lou

Segment 8

Q: Pano po ba ng Credit Repair napapataas ang Credit Score?

A: Maganda ang credit repair pag natapos na kayo sa mga utang ninyo, lalo na kung may mga late payments na naka record sa history.

May mga tumatawag sa akin na gustong magpa credit repair eh napakarami pang utang na nakatiwangwang sa credit report na ilang taon nang hindi nababayaran.  Ang akala nila basta pwedeng tanggalin ng credit repair company ang mga utang na hindi nabayaran.  Hindi po ganon yon!  Pag kayo po ay may mga utang na hindi bayad ay pwede pong ilista ng mga credit agencies ito for 7 years sa inyong credit report at wala kayong laban unless may proba kayo na ito ay bayad na.  Ang masama pa dito sa situation na ito ay walang gustong magpautang sa inyo habang ang mga ito ay lumalabas sa credit history ninyo.  Ang labas po nito ay Bad Credit kayo.

Ang magandang gawin natin ay once a year po ay kumuha tayo ng credit report para ma-inspect natin kung merong mga account dito na hindi ninyo alam or nag-aappear na hindi pa bayad pero bayad na.  That way hindi po tumatakbo and panahon na may mga negative accounts kayo sa credit report na hindi na-a-address.  Lalo’t merong tayong proba na ang mga ito ay bayad na.  This is also good para malaman natin kung tayo ay na-identity theft.

Ang isa pang pwede nating gawin ay kung alam natin na may mga accounts tayo na hindi natin nabayaran ay mag-enroll na tayo sa Debt Aid Consulting para naman mabigyan natin ng solusyon ang mga ito.  Pwede po nating i-settle ito nng hindi kailangan bayaran nang buo.  Malaki nang diskwento ang ibinibigay ng mga collector lalo na pag ang negative account ay may katagalan na.  That way, we can give you, The Client, a new beginning with regards to your credit.

Hindi po end of the world pag ang credit ninyo ay tinamaan.  Ang mga banks po ay mapagpatawad.  Kung ang papa-utangin lang po ng banko ay ang mga good credit ay matagal nang sarado ang mga banko.  Mas marami po ang taong nahihirapan or nahirapan at one point sa kanilang mga utang.  Bibigyan po uli kayo ng mga banko ng chance na makapag rebuild sa pamamagitan ng maliliit na accounts muna.  Hindi po bigla.  Once nakita nila na kayo ay nakakabayad nang muli sa mga utang ay dahan-dahan nilang dadagdagan ang credit line.  But this time alam na po natin na hindi po dapat abusuhin ang mga credit cards.

Sa Debt Aid Consulting, ay binibigyan po namin ang mga clients naming ng option to have credit repair after they complete the program, para ang mga negative accounts na nagpababa ng kanilang credit score ay mai-palagay na natin as positive accounts since ito ay settled na or considered as bayad na. Maganda po itong way para kayo ay makapag umpisa uli sa pag rebuild ng credit history ninyo.

Ben Lou at your service.  29 years ang aking real financial experience.  Kung kailangan niyo po ng sound financial advise ay tumawag lang po sa akinsa Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama po natin ang mali.

 

Itama po natin. By: Ben Lou

Segment 9

Q: Nung ako ay nag divorce, nabaon po lalo ako sa utang.  Ano po ang mabuti?

A: Ang karamihan ng divorce ay pera ang pinagmulan.  Ito po ang statistics.  Only 5% of marriages say that the reason for the divorce is financial. But, 70% of all divorces say that money has something to do with the divorce.

Let me explain!  Sa total po ng mga nag-di-divorce ay 5% lang ang nagsasabing ang sole reason para sa paghihiwalay ay pera.  Pero 70% ng naghihiwalay ay nagsasabing may kaugnayan ang pera sa dahilan.  Bakit nga ba?  Yan po ang madalas na sinasabi ko sa mga tao.  Ang pagibig po ay madalas na nawawala pag wala nang makain ang pamilya. Ang apoy ng pagibig ay minsan namamatay pag tapos na ang honeymoon.  Hindi ko sinasabing lahat ay ganito. Pero mas malaki po ang chances na maghiwalay in the end pag ang kita ng isa ay kulang para sa gastos ng pamilya.  So iyan na ang isang reason na pinagmulan.

Ito pa ang dagdag sa problema ng bawat isa pag naghihiwalay na.  Bihira po ang naghihiwalay ng tahimik.  Most of the time po ay pinayayaman ang mga divorce lawyer dahil sa tagal ng divorce at dumadami ang babayaran.  Walang gustong bumigay at magulangan.  Hindi ko po sinasabing huwag ipaglaban ang inyong karapatan pero sometimes po ay dahil sa kagustuhan nating makuha ang gusto ay nababaon din tayo sa utang sa mga attorney or sa credit cards kung ito ang ginagamit na pangbayad.

Ang pinaka mabuti ay isipin po nating mabuti ang mga bagay bagay bago po tayo tuluyang magsisi.  Lagi pong sinasabi ang anking amang yumaon ay, “Ang taong mabilis maglakad, kung mapako ay malalim”. Let’s take that for what it’s worth at huwag pong dalas-dalas sa mga decision.  Kung mahina ang kita ng isa, marahil kailang dalawa nag mag-trabaho. At kung pareho nang nagtatrabaho at kulang pa rin ay kailangan talagang mag-budget.  Remember, hindi po madali ito pero, most of the time, we have to do things na ayaw natin to make it work at hindi po maghiwalay.  Remember po, “Keep it real”!  Lalo na sa gastusan.  Alamin natin kung talagang kaya natin ang isang bagay bago ito bilin, dahil pag nailabas na sa tindahan ay mahirap nang ibalik lalo na pag ito ay gamit na.

Ben Lou at your service.  29 years ang aking real financial experience.  Kung kailangan niyo po ng sound financial advise ay tumawag lang po sa akinsa Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama po natin ang mali.

 

Itama po natin. By: Ben Lou

Segment 10

Q: Why should I choose Debt Aid Consulting?

A: Clients have been calling me asking about an Obama credit card and Income tax reliefsthat they saw on TV.  The Obama credit card relief that they refer to is The Credit Card Accountability Responsibility and Disclosure Act of 2009 or the Obama Credit Card Act of 2009 and February 2010. The reason for this act is to increase transparency in the way credit card companies do their business, including statements being clearer and advance warnings regarding rate changes.  By no means does it have anything to do with getting out of the money you owe the banks.  Regarding Income tax relief, there is none.  For those who have these problems, marketing companies want your business so in order to get you to call in, they make you think that this is an easy way out of paying your debts and back taxes.  The only relief Obama passed is for the victims of the housing bubble where the clients are able to modify their home loans or mortgages.

Debt Aid Consulting is nothing like, processing, marketing and servicing companies. We don’t use tactics like those mentioned. The company has a wide array of product services to match the clients’ needs.  Debt Aid Consulting, a debt consulting company, has access to a larger attorney network serving US States and Canadian Provinces.  The service provider match is more ideal because we pair you up with the right program that best serve your needs.  Most processing, marketing and servicing companies only have 1 or 2 products that they can process which make them limited.  You end up with their product because that is all they have.  Again, experienced attorneys and certified debt negotiatorswho work with your debts make the difference.  All employees of Debt Aid Consulting are professionals in the world of finance.  And,we are all bonded to better protect the client.

It is for this same reason that the company would never go in the direction of using any call centers outside North America which sacrifices the jobs from our own market.  We do not use call centers at all.  Imagine enrolling in a program from a debt resolution company which uses call centers abroad while you are out of a job.  STOP!  THINK!  This may be a reason why you can’t find a job.  The jobs have been shipped abroad! Choose the local company.

Debt Aid Consulting!

Incorporated in US and Canada!

Ben Lou at your service.  29 years ang aking real financial experience.  Kung kailangan niyo po ng sound financial advise ay tumawag lang po sa akinsa Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama po natin ang mali.

 

Itama po natin! By: Ben Lou

Segment 11

Q: My 401K orIndividual Retirement Account went down during the recession, should I just pull it out?

A:  I wouldn’t suggestpulling it out that quickly.  There are many things to consider before pulling out long term investments specially retirement funds.

If it already went down, now is the worst time to take it out because you will end up with a loss.  Not only will you take a loss, if you are not of retirement age, you will also have a big tax consequence and penalty to pay which may be deducted upon pulling out.  These other consequences will add to your loss.

 

Always remember, retirement accounts are long term investments.  These investments are intended for when you become of retirement age and will draw on these as a source of income.  If your retirement account took a dive in the last couple of years, as long as this account have existed for quite sometime, it would have accrued positive earnings from the prior years.

Recessions normally do not last forever.  They bottom out then the tendency of the market is to rebound.  When it hits bottom the only way is up.  As the market rebounds, so does your retirement accounts.  If you pull your money out, it has no chance of rebounding.

Most retirement accounts are tax deferred.  There are many misconcecions on how taxes become due on retirement funds. Some people think retirement funds are tax free.  Taxes are usually deferred until the time you decide to pull the money when you become of retirement age.  Taxes become due from how much you pull out of a given year which becomes your yearly taxable income.  So the less money you pull out, the less taxes due become.

If the retirement fund was invested from monies which have previously been taxed, then they may have been taxed at a higher rate since people mostly make more money before they retire.  No taxes become due when this money is taken out.  We will cover more of the taxation portion of retirement accounts when I discuss more on taxes in my future discussions.

Avoid rush decisions when markets become bad.  Rush decisions are usually bad decisions.  When things are bad, you can choose to move your monies to different, less aggressive accounts which usually yield less interests on your money.  This way, you will not suffer significant losses while you wait out the recession.

Smart decisions will save you a lot of headaches in the future.

Ben Lou at your service.  I have 29 years of real financial experience.  If you would like sound financial advise, call me at Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Kaya itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 12

Q: I am buried in credit card and unsecured debts.  Should I take money out on my home equity to pay them off?

A:  Whoooow, hold on lang muna!  Why would you want to take an unsecured debt and turn it into a secured debt?  Pag kumuha po kayo ng pera para sa equity ng bahay ninyo ay dinadagdagan ninyo ang utang sa bahay.  Dito po sa bahay na ito kayo at ang pamilya ninyo nakatira.  Magisip-isip po muna tayo.

Magiging dalawa ang babayaran ninyong loan sa bahay, first mortgage and the second mortgage.  Kung may nangyari sa inyo at nag-miss kayo sa isa sa mga mortgage ay mag fo-forclose ang lender at magiging homeless kayo.  Pag hindi ninyo nabayaran ang mga credit cards or unsecured debts ay magiging homeless ba kayo? Ang sagot po ay HINDI.

There are some uncertainties in our lives which happen all the time.  Maaring magiba ang kapalaran just like that.  Lalo na po these days na biglang nagkakaroon ng problema ang mga pamilya ng unexpected.  Kung dalawa ang nag tatrabaho in order to sustain household expenses, isa lang po ang mawalan ng trabaho, risk na kaagad ang bahay lalo na kung two mortgages ang nakadikit dito.  Hindi po biro na ipagsapalaran natin ang ating tirahan dahil sa mga unsecured debts. Di baleng hindi mabayaran ang mga credit cards or unsecured debts, huwag lang ang bahay.  Priorities!

Kailangan pong malinawan natin ang ating mga choices bago tayo umaction.  Minsan po ay kailangan natin ng third party para makapag decision tayo ng mabuti.  Some decisions have effects that are undoable so we have to slow down and easy, easy lang po tayo.

Kung kayo ay naiipit dahil sa hardship like lost job, cut hours, disability or any other, I can help you get out of your credit card and unsecured debts at a faster rate so tumawag lang po kayo sa akin.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 13

Q: Bakit yung banko pag hindi mo kailangan umutang, gustong gusto kang pautanin? Pag kailangan mo nang umutang ay tsaka ka ayaw pautangin.

A: The banks or creditors have no way of being assured  payment when they loan money out.  They alwaysbase the amount of the loan and interest onyour credit worthiness.  It is for the same reason that if your credit score is low, the likeliness of being approved a loan is not very good.

When times are good and you are paying your bills on time, they are very looseand would like to extend more credit because they make interest on the money that you borrow.  When times become hard they tend to be much stricter with your borrowing practices because they are not sure if they will be paid back.  Kaya nga yung iba ay sinasabi, “Eh nung marami akong pera gusto akongpautangin ng banko, ngayong wala nang akong pera, ayaw naman akong pautangin.”  Of course!  Because the likeliness of being paid becomes slim.

The money that the bank loans out to consumers are coming from investors and depositors of the bank.  When money comes in, they don’t just sit on them and hope it makes money.  They invest them into other business ventures or loan them out.  That’s is why the bank rewards you with better interests for leaving your money with them for longer periods of time rather than short ones.

The bank is a business just like any other.  The only thing different is that their inventory is money.  Their main product is CURRENCY!  They make a profit from their product by means of interest.

So when you are unable to pay your debts back, you are actually holding bank inventory or product.  And the longer you hold on to them, the value diminishes.

Debt Aid Consulting helps people who have not been able to pay their debts back to the bank.  We settle your debts for much less than you owe them.  We have experienced attorneys, arbitrators and certified debt negotiators who will get you the lowest payback for your debts.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 14

Q: Why do we have to pay taxes?

A: From the early times of government, taxes have already existed.  Even during the time of Jesus, the Romans collected taxes for Caesar, their ruler.

Let me put it this way.  For a church to exist, it needs tidings from their members in order to be able to provide services and programs, not to mention sharing their beliefs.  The members and new recruits or soon to be members, are the one’s who benefit from these services.

Take this and multiply it by a larger scale and thus you have government.  The government develops infrastructures for the citizens of it’s country to have benefits based on what they believe is needed.  They create and develop programs that help the needy in hard times.  The government cannot function without funds and this is where your taxes come in.  They need money for the governing bodies to function and pay for their livelihood as they provide public service to their citizens.  The money is used for roads, health care programs, food banks, emergency services, crime prevention and many more.  In other cases, rich countries or governments help needy countries as well so that they may create an alliance.

Every year, a deadline is set so that citizens may file their taxes accordingly for the prior year.  Most of the time, this is a time of number crunching for many businesses and citizens, trying to take advantage of every tax break available so that they don’t have to part with so much to the government.  This also becomes the time for temptation of not being truthful in their filings, simply because they did not put money away for their taxes or not wanting to part with their money to the government.  Whatever, the reasons are, they had better be good enough to risk, penalties, interests and even jail time.  Despite what’s at stake, people still do it.

I get calls all the time from clients who were audited and got caught for stretching the truth a little, and some, too much.  Sometimes, the tax preparers are the one’s that instigate it but since you as the taxpayer signs the tax return, you become liable to the government for the back taxes, not the tax preparer.

The lesson to be learned is to always plan and prepare.  You have one year to prepare for the taxes that are due the following year.  There should be no excuse to not plan for it.

Ben Lou at your service!  I have 29 years of real financial experience.  I am also CTEC certified for taxes.  If you would like sound financial advice, call me at Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 15

Q: For Californians, how can we be helped by “Keep your home California” program?

A:  For more detailed information, please visit www.keepyourhomecalifornia.org.  The California Housing Finance Agency(CalFHA) would like you to Keep Your Home.  This is a synopsis of the help that is available.

If you are suffering from severe hardships due to unemployement, disabilities, lack of work and others, you may take advantage of this government program.  They can help you in:

  • Unemployment Mortgage Assistance. This program provides mortgage payment assistance to eligible homeowners who have experienced an involuntary job loss and are receiving California EDD unemployment.

Benefit assistance through UMA can be up through $3,000 per month and can last up to nine months.

The maximum assistance per household is $27,000.

  • Mortgage Reinstatement Assistance. This program provides assistance to eligible homeowners who, because of financial hardship, have fallen behind on their payments and need help to reinstate their past due mortgage loan.

Benefit assistance through MRAP can be a one-time payment of up to $25,000 to cover principal, interest, taxes and insurance, as well as any homewoner’s association dues.

  • Principal Reduction Program. This program provides assistance to eligible homeowners who have experienced an economic hardship coupled with a severe decline in the home’s value.

Homeowners who qualify for the PRP could be eligible for up to $100,000 in assistance from Keep Your Home California.

  • Transition Assistance Program. This program provides one-time funds to help eligible homewoners relocate into a new housing situation after executing a short sale or deed-in-lieu of foreclosure program.

The TAP can provide up to $5,000 in transition assistance per household.

To those who would like to see if you qualify for any of these program, please visit their website,  www.keepyourhomecalifornia.org.  There is no charge to anyone who applies for any of these programs.  Beware of individuals who makes claims that they can make it easier and faster or claim that they can pre-qualify you and charge you a fee.  The program will notify you if you are qualified.  Only deal with personnel of the program and they give you a hotline to report any individuals who try to collect fees.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 16

Q: What types of student loan are out there and how do I know what the best one is for me?

A:  Just like any process, it will always be a good idea to do your homework before entering into an agreement.  Even student loans may be subject to commissions for the person asking you sign along the dotted lines.  They may not necessarily be working in your favor.  Always keep in mind that if the loan is commissionable, those will most likely hit your pocket, as the consumer.  So, slow down, take a deep breathe and do some work on your own because it may save you a lot in the end.

  • Federal Student Loans-When President Obama became president, the Federal Student loan program was changed. These types of student loans can no longer be ran through commercial banks so they can jack up the interests.  The problem is that others have already been victimized by this practice and are now feeling the crunch.  All Federal Student Loans are now truly federally backed up.
  • Private Student Loans-You can go directly to a bank and ask for a student loan. If your parents are willing to help you out and co-sign, this may be a good way to go because you can actually go to different banks and get the best rate.
  • Trade School Student Loans-This is a quick way of getting into a hard to get out of, student loan. The client reps for trade schools are mostly on commission and would like to sign you up immediately as if your life depended on it.  Just a reminder, it does not.  You can come back the next day and the same offer will be on the table.

Whichever one you pick should be the right one for you.  Always, shop around before and after you visit the school.  Avoid rush decisions for it will affect your pocket in the end.  As much as possible, avoid deferral programs because this just builds up interest and will surprise you when you see how much you owe.

Also, before applying for a loan, always visit Federal Student Aid Programs like FAFSA.  These agencies are designed to help and you can actually get a grant so you don’t have to borrow so much student loan.

Always be prepared so no one can take advantage of you and your money.  Once you sign on that dotted line, you are committed.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting. Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 17

Q: I work hard for my money, shouldn’t I be entitled to the stuff that I buy?

A:  Entitlement is a very dangerous word.  This word is most of the time used to justify why people are heavily in debt.  Before we discuss whether you are entitled or not, let’s discuss what this word really means.  In tagalong this word is translated as “Karapatan” and another word in English would be “Deserve”.

Entitlement defined.  In the dictionary, the word entitlement is defined in 3 diffirent ways.

1: The state or condition of being entitled.

2: A right to benefits specified especially by law or contract.

3: Belief that one is deserving of or dentitled to certain privileges.

Now we can discuss entitlement.  A client called me heavily in debt with her store credit cards.  She felt she was entitled to go on a shopping spree everytime she got paid.  New clothes, new pair of shoes, new of a lot of things.  Now she is feeling the crunch because her hours were cut at work.

There was another client who called heavily in debt with credit card expenses from visiting the Philippines.  After having been here in the US for 10 years without going back home, he felt it was time for a well deserved balik-bayan trip.  He felt he was entitled to go back even without enough pocket money.  Already in debt with his credit cards, he used it to pay for his air fare and expenses.

I think we all know where this is headed.  As for the client who shops everytime she gets paid, if only she treatedherself to a cone of the best ice cream in town everytime she got paid, instead of a shopping spree, things would have turned out differently.  One, no one is entitled to bury themselves in debt as a treat.  Two, No one is entitled only to the good things in life and when hardship comes, the same would not be entitled to suffer.  In other words, you did it to yourself.  This may be a little harsh but in reality without beating around the bush, you really did.

With regards to the client who went back to the Philippines, we all know that when going to the Philippines, cash is king.  If you start using credit cards, then you not only subject yourself to hiked up coversion rates but also per transaction fees thereby making every transaction more expensive than if you would have paid cash.  Not to mention that you were already heavily in debt before you even left.  So upon your return, you found yourself in a deeper hole.  How does that make one entitled? Another one who did it to himself.  If only he put money away every month so that when he went back he had cash to use instead of credit cards.

This is reality my friends, entitlement confuses us of what we truly deserve.  We need to understand that there are more to deal with rather than these one time engagements.  If we make a list of the things that are very important, the things we truly believe that we are entitled to become last on the list.

Think of a house, a paid off car, investments, a family and retirement.  These are just a few things that we should be on top of anyone’s listrather than rewarding ourselves with buying things with money we don’t really have and using credit cards.

If we really feel that we have achieved something, we may want to reward ourselves with something that would not break the bank.   Always put money away for a rainy day and shoot for rewards that will not break you.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 18

Q: I am not of retirement age but I owe $40K in credit card debts, should I just pull money out from my retirement account to pay it off?

A:  I have somewhat discussed this before but under a different topic.  Retirement accounts are meant for when you do go on retirement.  Most of these accounts are tax deferred which means that taxes will be due later when you do pull it out to use when you have retired.  If it is pulled out before retirement, a 10-25% penalty is imposed depending on when this retirement account was established and taxes on the amount pulled become due for that tax year.  Taxes will be based on how much you made for that tax year plus the amount you pulled out.  This will be your Adjusted Gross Income.

Credit cards are unsecured debts.  I still don’t understand why people would still want to suffer the consequences of the penalty and the taxes that will become due rather than have their debts be settled.  Most of the answers I get from clients is that they owe the money therefore, they shoud pay it.  That would be fine if you had the money or make enough to pay it off conveniently.  The fact is, the reason they call me is that they are having a tough time paying them off and want some type of help to be done with it.  At the same token this debt did not happen overnight and most of them want a quick solution to their debt problems.

What actually happens is they pull out from their retirement account, pay off the credit cards and now have created a new problem.  In the months to come, the same client will call back most certainly and their problem now is with the taxes because they cannot pay the taxes due from pulling out the retirement money early.  Now, we have created a new problem which is harder to solve.  Even if the client files for bankruptcy, there is no way out on the taxes they owe.  And if we were going to end up filing for bankruptcy, there would have been no need to pay off the credit cards.  It becomes a web of problems.  Inshort, nanganganak po ang problema natin!

Folks, I do not like to be the bearer of bad news but we are doing it to ourselves.  We seek the advice of an expert but we still listen to a little voice in our heads and follow it rather than actually doing the correct thing.

If you are heavily in debt with credit cards, please give me a call so I can provide you with different ways and solutions to be done with them.  I always explain to my clients all their alternatives but the road is for them to walk on.  The good thing is at Debt Aid Consulting, we hold our clients hands while they are in our programs until they graduate.  We also help them with credit repair so that we can take them back to the time that they are able to borrow money, not leave them with a ruined credit.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting. We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 19

Q: I owe the IRS and the state $30K in back taxes, I am currently on a payment plan with them but it seems it’s taking forever to pay them off, what can I do?

A:  Taxes are integral part of society.  The whole purpose of taxation is to redirect a portion of private(personal and private enterprise) to public service.  The collected monies are use to pay for services needed by the community as a whole, in local, state and at a Federal level.  If you do not pay your taxes, you are taking money away from governing bodies to use as resources in serving the community.  That is why it is illegal to lie, cheat, ignore or not pay your taxes.

Let’s understand why people get in trouble with taxes.  Most of the time, a person will feel that the company witholds too much money from their paychecks to render to the government.  The company actually is not the one who desiphers how much to withhold from your checks.  It is you!  When you fill out the W-4 form and tell the company how many allowances you are declaring, you are telling them how much taxes to take out.  If you do not understand how to calculate for this, please use the worksheet attached to the W-4 form to figure it out.  This will help you in calculating taxes that should be taken out so you may not owe or not owe too much when it is time to file your tax returns.  This is based on the understanding that your job is the sole source of your income.  If you have multiple jobs or have other sources of income, you may want to consult with a tax expert so you do not overpay or owe too much.

People who cheat or not pay taxes are subject to heavy penalties and interests.  When you get audited by the IRS or state, they see that there are inconsistencies on your return.  This triggers an audit of your past returns and that’s when they figure that you owe so much in back taxes.  They are a little behind, so if you actually cheated and may feel that you got away with it, a surprise may be coming when you receive a bill for past due taxes.  By the time you get the bill more time has passed and more penalties and interests have been added.

A lot of times, it has to do with preparation.  People don’t want much taxes taken out from one paycheck to the next but forget that taxes will be due after the year ends.  If they do not have the money at tax time, they are either forced to cheat or just plain not pay it.  Which ever direction you take, if the taxes are not paid, you may face garnishments, liens, levies or encarceration.  A lot of the time we can prevent this problem from repeating year after year, if we already had a problem in year one, is not to make the same mistake the next year.  Instead we still go that direction.

With regards to the client who owes the $40K in taxes, it may be one of these situations why he ended up with this amount in back taxes.  I have programs that can help make an “Offer in Compromise” to settle the IRS and State debts.

Ben Lou at your service!  I have 29 years of real financial experience.  I am also CTEC certified for taxes.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 20

Q: I am buried in a $5K debt with Payday and Cash Easy Loans, can you help me?

A: I have always told clients who call me, getting an easy loan like one of these loans will make your lives miserable.  If you are strapped for money and are thinking of taking out one of these loans, think again.  You must consider how high their interest rates are and the fees they charge.  Often, the rates are so high, the problems it will give you are far worst than the original problem you had before you took out the loan.

A payday loan ranges around $100 to $1,000 dollars, depending on what state you live in.  Normally the loan is for 2 weeks and payment is due.  The interest is usually 400-500% APR(Annual Percentage Rate) plus they charge you a fee.

If you borrowed money for two weeks on $1000 dollar, you would need to pay back around, $1,175, that’s at 456% APR.  If you could not pay the whole loan in two weeks and in one payment, you would actually end up paying much more than the above.

So before you decide to take out an easy quick loan, make sure to consider other options.  You may still be able to find a cheaper alternative.  If you really must take one of these types of loan, you must research who can give you the lowest APR and fees.  Always find out if they have hidden fees.

There are not very many attorneys who like to deal with these companies.  The problem with these types of loans is that they normally do not answer the phone.  They want you to leave a message so they can call you back.  When they find out an attorney is calling, they will certainly not return the call.

I have one attorney who still accepts these types of loans under certain conditions.  Give me a call so we may discuss.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 21

Q: I have a $40K gambling debt in credit cards from a nearby casino.  Everytime, I get paid, I just put away money for bills and give it to my wife so she won’t know. I would like to ask for your help without my wife finding out, is that possible?

A: I really would like to help but most of the time clients with a bad gambling habit are not able to finish the program.  Sometimes they enroll and are not even able to start.

If you really want my help then you must first help yourself.  You must admit that you have a gambling problem and that it has made your life unmanageable.  Next you must seek professional help to rid yourself of this problem once and for all.  You might need to inform your wife of what is actually going on because this is part of repairing your life back to a normal mind set. If you are afraid that she will be angry, maybe you should be but mostly it is not possible to get over this hump on your own.  The help of a loved one can make your path to recovery a better one.  Though she may not know it yet, you may have actually caused her or your whole family harm, so man up and face it.  If she decides to leave you, then that is a consequence of your actions.  No deed is without consequence.  Once this is done, I can help you.

Most of the time, clients with this kind of habit will want to hide it from their loved ones so as not to face any consequences.  If your wife loves you enough, she might help you under certain conditions.  Tough love, they say.

I once had a client who went through the same thing.  He did not want to tell his wife the problem but I wouldn’t help him if he did not do anything to correct himself so he did.  The wife helped him get through this ordeal.  This was probably the hardest thing he had to do in his whole life but they faced it together.  Now, they are done with the program and are living happily together.

Sometimes there are things that happen in our lives which changes our paths.  It may be diseases, accidents, sudden death or even such a thing as addiction which we never even knew we had.  At the end of the day, we should be able to man up and answer for the wrongs that we did.  Only this way can we release ourselves from the resentments of what we have done.  If you want to be free, this is the only way to do it.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 22

Q: I am on a working visa here in Canada as a caregiver.  I have always sent money to my parents every month.  Lately, everyone in my family has been calling, asking me for money, for all sorts of problems.  I am only making very little and have maxed out my credit cards from cash outs.  I am worried that I will not be able to pay my $15K debt by the time I have to return to the Philippines.  Can you help me?

A: We all know how hard life at home(Philippines) is.  This is for the same reason many Filipinos prefer to work in another country in the quest of the mighty Dollar.  For many Filipinos, this is a lifelong dream.  Some even go to the extent of marrying much older partners in order to come to the U.S. or Canada.  Some take very difficult jobs just to be able to work abroad.  Whatever your reason is, it always boils down to “It’s better than earning Philippine Pesos”.

For those who are lucky enough to work abroad comes the dilemma from the people they left back home.  More often than not, they haven’t even left the Airport from the Philippines yet and the request to send money back is already never ending.  Parents, siblings, aunts and uncles all sending them off with a request to send money back.  I always ask these workers, “Why do you have to send money to them?”Mostly they feel obligated to and that is the part I don’t understand.  Maybe to the parents it is understandable, but to siblings with their own families?  If we do not change the way we think fast, we are on our way to being buried in debt fast.

In most cases, the worker here cannot make money fast enough to send to all the relatives asking for money.  They really think money grows on trees here, which is not the case.  In an effort not to say “No”, the worker, will start cashing out money from credit cards to send.  The interests on these cash outs are very expensive.  Not to mention, the worker is really not making a lot of money and at the same time they still have to pay room and board.

This is my advice.  There is no responsibility towards any other relatives except for the parents.  If your parents want to give the money to your relatives, then that is their choice.  The parents should not ask for more money because they gave their money away.  Wait for the next month!

If you do not stop sending money, they will always find some kind of problem to ask for more.  Whether it’s your sister having another child, or your brother who got in trouble with the law, let them learn from it.  Again, they are not your responsiblity.  Learn how to say “NO!”

For those who have already fallen victim to this practice, I can match you with the program that best fits your problem making your payments affordable and shorter.  Call me at Debt Aid Consulting so we may find a solution to these debts that is causing you grief.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 23

Q: I saw this person on TVadvice that it is better to buy a used car than a new car and I did so.  I bought a used European car.  Now the car stopped running and I do not have the money to fix it.  What are my remedies?

A: I guess this answers the question “Should I believe everthing I see on TV?”  You should always take people’s advice on television with a grain of salt.  Though it may apply to some people, it may not apply to you.  The “so called” advice is more of a general advice and is not to be taken as bible.

Always remember, the person who shows himself on tv pays for that segment for the station to show.  So in order for the general public to buy in to what he’s saying, he has to make it believable.  You must always look for disclaimers or fine prints.  Disclaimers and fine prints are ways out for the advertiser’s advice from being taken as bible.

It may be that when he actually went to buy his vehicle, he tried to get a new one but was not approved because he did not have enough credit history.  It may be that he did not have enough down payment for the new car and had to settle for a used one.  It maybe that he cannot make the monthly payments for a new car.  Whichever the case may be, if it applied to him, it does not necessarily apply to you.

Now!  Let’s talk about your problem.  If you have this towed to a dealership to trade it in for a different car, you will most likely not have much leverage as far as price for your trade in vehicle since it is inoperable. If I were you, I would borrow money from a friend or relative to get it fixed so I can at least drive it to the dealership and trade it in.  That’s if I were you.

Another option is to return it to the dealership as a voluntary repossession but that will leave you without a vehicle which you can have repaired, if you borrow the money.  Another down side with voluntary repossession is they will charge you for the difference between the sale price and your car loan.  This will also affect your credit score and history negatively.

If you choose to return it, you can enroll the difference into one of our programs so that we may settle it for much less than they want.  This is not my favorite answer to your problem but there are very limited options for your situation.

The lesson is to follow what you feel is right for you.  Though the advice of other people may seem right, it may not be the right answer for you.  Ask for more than one advice.  An experienced advisor will always give you more than one option and it will always be up to you to pick the right one.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

Itama po natin! By: Ben Lou

Segment 24

Q: I Hate money! I don’t like thinking about it, dealing with it and talking about it, but I found myself with 20 credit cards.  When I totalled it up, I did not realize I owe $30K.  How can I get out of this money problem?

A: “Money makes the world go round!” they say but credit cards don’t.  I know why one person can have so many credit cards.  The more credit cards you have, the harder it becomes to control your finances.  This in turn makes one hate money.  In reality, it is not money they hate but the ordeal of having these many credit cards.  Imagine, if you have 20 cards, you have to make 20 payments per month to 20 different creditors.  In a sense you have to stop what you are doing 20 times in one month to pay each creditor. Now take 20 times, month after month, it feels like this is all you are doing.  Paying your bills!

There is a reason for this.  Your creditors do not want you to know how much you really owe.  So what do they do?  They entice you by giving a one time discount when you go in to buy from a retail store if you open a credit card with them.  What they are actually doing is they are spreading your debts into different accounts.  If you pay attention, you will find that one bank may actually own 3 or 4 of those debts that you owe.  There is no need for multiple credit cards.  Use two major credit cards at the most.  No store cards are needed.  This way, you will have control of your finances.  You will instantly know how much you owe because there are only two numbers to remember.  Any major credit card will work in any store.

So!  Don’t hate money!  In reality, you have to love money.  You need to be able to figure what to do with it other than spend it.  Think of the things you must prepare for with money.  Your retirement, emergency money, college fund for your kids orinvest it; these are just a few of the good things you can do with money.

If you are heavily in debt with credit cards, please give me a call so I can provide you with different ways and solutions to be done with them. The good thing is at Debt Aid Consulting, we hold our clients hands while they are in our programs until they graduate.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 25

Q: I would like to start working part time and just take care of my child and husband the rest of the time, but it almost seems impossible.  My husband and I are still trying to pay off $25K of debts from credit cards for our wedding but it seems like forever.  Can you help us?

A: Here are some questions you must consider before quitting your job or asking for part time hours.  Can your husband hold two jobs without killing himself or getting burned out? Do you really want him to shoulder all the finances of the family?  Do you feel that it is fair to have him work to pay off all the debts?  And last, what are your future plans for your family?  Consider these questions and then think really hard of these consequences.

Being newly married and having a child immediately puts a heavy financial strain on your family.  It would have been better to have a small wedding rather than having a big one if you were going to use both your credit cards to pay for it.  Imagine the number of people that you had to entertain and feed for one night, but it’s too late to worry about that.  Since you still have debts from the wedding it will probably take both you and your husband working full time to pay it off.  If you are planning to just make the minimum payments because you are a one and a half income family, then it will really take forever to pay them off.  Also, expenses tend to go up when you are not at work because you are able to go out more freely.  Then you must start planning about purchasing a home and again it becomes very difficult for a one and half income family these days.

If you would like to be done with these credit cards from your wedding sooner than later, I have programs that can help you pay it off sooner and with less payment per month.  We have an array of programs to help clients be done with their unsecured debts.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 26

Q: I am a shopaholic with a one year old and a single mom.  I cannot stop buying things for myself and my daughter even if we do not need it and it just stays in the closet.  Because of this, I am severely late with my credit card payments.  How can you help me?

A: Compulsive buying is a serious condition especially if it has already taken it’s toll on your family financially.  It is time to start weighing needs versus wants.  You may want to take some classes in compulsive behavior in order to take back control of your finances. Things tend to get worse before it gets better since the credit cards are already late.  In a way, this kind of slows down your buying power but may not necessarily stop it since you still have a job and have a way of getting money via a paycheck.  The concern at this point is if you would use the money to buy more things rather than pay your outstanding debts since the credit cards do you no good anymore.

Since you have a little one to worry about, I would suggest moving your focus to the things you will need for her future. Wasting your money on “Want items” is part of compulsive behavior which will not help your position.  Focus on the “Needs” like college savings for your daughter, down payment for a house, your retirement or paying off your vehicle.  These are productive examples of “Needs”.  A little a month can go a long way in the future.

Now that you have already fallen behind on your credit cards, it is best to call me so I can find a solution to this. If left unattended, this can spiral into a web of problems hard to get out of.  I can enroll you in a program which can slash your payments so you can afford them and put you in a shorter payment term than making minimum payments.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 27

Q:  I received a garnishment order at work for an unpaid debt and they are deducting a big portion from my check.Is there help available?

A:  It is one thing to take care of a debt through a program when you are already late.  It is another to take care of it when you’ve received a court summons.  But, the worst scenario is to let it get to a court ordered wage garnishment.  Remember, the employees from the payroll department will be the one’s who will be handling this and if you are in a small company where everyone knows each other, word can get around real fast that you are a person who do not pay your debts.

The sad thing is that you should worry more about your paychecks rather than what they will say at work, although that is important too.  Ang hirap dito ay I am sure you  received a court summons before this turned into a garnishment.

A court ordered wage garnishment will deduct up to a maximum Federal mandated 25% of “Disposable Earnings”.  I heard a self proclaimed financial guru on TV say that “Disposable Earnings” is your net paycheck.  That is so wrong!  I almost fell off my chair when I heard that.  “Disposable Earnings” as Federal legally mandated order is your earnings after taxes and social security deductions.  Any insurance or voluntary contributions to 401K’s and fringe benefits are deducted after the garnishment. So! After taxes and social security have been deducted, that amount is subject to the 25% wage garnishment order.  A way out is if your “Disposable Earnings” is less than 30 times the Federal minimum wage.  Then you are ungarnishable.

For all its worth, the time to act was when you received the court summons because I have attorneys in my programsthat can help solve yourproblem.  At this point there is very little any other debt programs can do although there are still some answers.

You should call me so I can help in finding a solution for this problem.  You may feel that you are caught between a rock and a hard place but I have programsthat can help you get out of this situation sooner than later.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 28

Q:  I enrolled in a debt company who told me my program was for 8 months. After 8 months, they told me I had to stay for another year. What should I do?

A:  I have always warned clients “If it sounds too good to be true, it usually isn’t”!  Here’s what happened.  You get a call or a letter in the mail which says they know you haven’t been paying your debts.  Here you are, looking at the letter and asking yourself, these guys must really be smart that they know!  Next, you call and they give you this incredible deal that even if you owe thirty thousand dollars, you only pay two hundred dollars for eight months and your debts are gone.  So you enroll, and eight months later, you ask if you are debt free?  They will say no and you have to stay for another year.  I am sure what happened was something close to the story I just mentioned.  You’ve been hooked! The problem you now face is whether you should cut your losses or continue paying for another year.

I have to explain folks that severe debt problems do not happen overnight.  It happens over a period of time, sometimes years to create and nurture this problem. Then one day, something happens that we notice we cannot pay them anymore and that we have been paying for a long time but do not see any light at the end of the tunnel.

Now that you have stopped paying on your credit cards, it is time to stop the bleeding. If you do not try to find a real solution, it can only get worse.  I can enroll you in a program which can reduce your payments so you can afford them and put you in a shorter payment term than making minimum payments.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 29

Q:  When I left the Philippines 10 years ago, I left a substantial debt from credit cards.  One day I received a call from a debt collector regarding this debt.  Can they legally comeafter me?

A:  This is the answer to the quote “You can run but you cannot hide”.  Debts do haunt us wherever we go.  A gentleman came to see me regarding a debt he left in Manila 10 years ago.  He was a businessman who was doing well for some time but when the economy collapsed, so did his business.  The problem rolled down the hill and he was at the bottom of the hill meaning his clients were not able to pay him and in turn he could not pay his debts as well.  A collection company here in the U.S. was contacted by the creditor from Manila to collect the unpaid debt and found him.

Generally, a creditor may file suit only up to four years from the time of default or non payment.  If they wait longer, they are barred from filing a lawsuit.  Although there are no time limits as to when a creditor must stop asking you to pay,the debt in default may be left on your credit report up to seven years.  Also, as long as you do not pay, the creditor may choose not to do business with you.

That is most likely why the collector is still trying to collect the money.

So if you would like to settle this debt once and for all, please contact me and we can  settle the debt amount substantially lower. If you do not try to find a real solution, it can keep haunting you.  I can enroll you in a program which can negotiate this debt down.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 30

Q: The collection agency took all my money in my bank account.  How can I stop them?

A:  The sad and honest truth is you can’t.  Why do we always let our problems get to the extremely severe situation before we act on it?  If this was going to happen, it would have been better to file bankruptcy instead of letting them just take your money without your approval but we should start from the beginning.

There would have been a time when you stopped paying your debts and when this happened, it would have been a good time to call.  Instead nothing was done and it went from creditor to a collector(Collection Agency).  At this point, help would still have been available but again, nothing was done.  Then, the collector decided to sue and so it went from the collection agency to an attorney who sent a warning letter that if they did not hear from you in 30 days, they proceed with a lawsuit.  Again, nothing was done.  So they filed a suit and you were served a summons to file an answer in 20 or 30 days, and still nothing was done.  Since, there was no answer filed, they automatically won the suit by default which then gives them the right to garnish wages, levy an account in a financial institution, or attach a lien on properties under your name.  This means that they found out you had a bank account and decided to proceed by means of levy.  That’s why they took the money from your bank account.

If you run through this whole scenario I just mentioned, I believe there were at least 4 times that action could have been taken to not let this situation get this bad.

Nevertheless, you can call me because I have an attorney who specializes in these matters but you have to act immediately.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 31

Q: I received a summons for an unpaid debt that I have ignored for 2 years.  How do I go about this problem?

A:  I have said before that when we leave problems unattended, theytend to get worst.  This is a good example.  Let me explain what has transpired in the last 2 years since you stopped paying this debt.

After having stopped paying on the debt, they tried to reach out to you by phone, by mail, sometimes by registered mail.  Their efforts to reach you were ignored.  The next step for them after a few months of unsuccessfully reaching you was to transfer the debt to a collection agency.  These collectors are relentless in calling and writing letters in order to get a hold of you.  Sometimes going as far as violating your consumer rights by calling your work place but were still ignored.

Next the bank will take the hit and sell your debt to a debt buyer.  When this happens, you no longer owe the bank the debt.  The debt buyer bought your debt for an extremely low price per dollar in hopes that he will collect the debt in full and make a profit on his investment.  Once the debt ends up with the debt buyer, they will be more aggressive in collecting the debt from you since he had to pay for it.

Still being ignored, they contact an attorney who specializes in collections and asks them to sue you.  These attorneys will then send you a letter to respond in 30 days if you dispute the debt or face a lawsuit.  Most of the time, people who no longer want to deal with an unpaid debt will ignore this warning letter but this is the last letter you will receive before receiving a summons.

Thus, a summons is received.  In essence, a summons is a court ordered tap on your shoulder that someone has filed a complaint on you.  You are given so many days, usually from 20 to 30 days to reply by filing an answer through the court system as well.

If you do not reply, which is what most people do is ignore this as well, you automatically loose by default.  This is when it gets worst because now they can ask the court to grant them ways of collecting the debt either by wage garnishment, bank levy or real property liens.

So, if you received a summons, give me a call.  I have experienced attorneys who will respond and put you in a program which will eliminate this debt with less money than you owe.  I can put ease to your debt problems.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 32

Q: A friend borrowed my credit card, used it and disappeared.  Am I required to pay those?

A:  Let’s test your memory.  Do you remember when you initially signed up for this card with an application?  When you applied for it, you signed along the dotted line.  That in itself was a contract agreeing to pay the bank with interest for any amount used.  Next, when you were approved, they send you a card and usually on the back of the card, it says that use of the card means you agree to the binding agreement, even if you did not read it.  It also came with a bunch of papers stating the interest rates for purchases, cash advances, and when payment is required every month.

This contract or agreement is binding and you are committed.  Now my next question is where do you see the signature of the person who borrowed your card on the application or on the back of the card?  If the answer is nowhere, then you are correct.  This means that you are the only one who is responsible for paying the debt incurred by your friend, if you want to call them friend.

I cannot express this more clearly.  Please be very careful with friends when it comes to money.  Usually this is a cause for the friendship to go bad.  The reason your friend borrows your credit card is they do not have one, whichalso means they are not credit worthy.  This also means they will not pay you back as well.

If the debt your friend has caused you is causing you hardship, give me a call so I may give you solutions in being done with the debt.  I have programs that can make your life a little easier.  My programs are attorney based so that they may protect you from harassments from collectors.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 33

Q:  The bank took my car during the night while I was sleeping.  How can I get it back?

A:  First, how do you know it was the bank and not a car thief who took your car?  Next, did you call the police when you awoke and found your car missing?

Well, I’m sure you did not because you knew you haven’t been making the payments.  Somewhere in the back of your mind, you really were expecting this would happen but was in denial.

A car loan is a secured loan meaning that the car is the collateral for the loan.  When you do not make the payments on your car, they have the right to take it away from you.  This is called repossession. You signed the dotted lines agreeing to this when you signed the car financing contract or agreement.  Folks, you really must read the contract before you sign.  It is not good practice to just sign when agents or salespersons ask you to sign documents.

As an answer to your question, yes, you can get it back if the repossession is recent and they have not sold your car yet.  It is not your car until you have paid it in full.  The financer has a lien on it which is registered with the Department of Motor Vehicles.  If you notice, your registration has you and the name of the finance company on the registration.  This means they have the right to take the car if you stop paying on it.

When they reposses it, it usually takes a few days to get the papers in order to re-sell the vehicle.  This is a good time to try to get your car back but it will cost you some money.  You need to come up with all the missed payments and most likely an advance for at least a month.  You also have to cover the cost of the towing and the parking at the tow yard.  So if you really want the car back you need to pay all those mentioned.

This is what happens if you let it go.  They normally sell the used vehicle for less than you owe.  Which means you will be tagged for the difference and the other expenses they incurred.  And they will go after you.  They can also sue you.

This is where I come in.  If you need my help trying to minimize your damages, you can call Debt Aid Consulting and we can find remedies so you do not have to repay the whole amount to the finance company.  We can settle it for much less.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 34

Q:  I see a lot of different companies on TV and hear others on the radio talking about their debt resolution programs, how do I know the right one for me?

A:  Some of these companies will say or make promises they usually can’t keep.  Some say there is a government credit card relief program with an expiration date in order to make you think you have limited time.  For the record, there is no government credit card relief program.  Some will say they can stop harassing phone calls or lawsuits but cannot.  Others may also be in a call center in a non North American country.  Say no to call centers.

Some even go to the extent of proclaiming themselves as “Guru” or “Expert” but have no financial background or experience whatsoever.  The fact is they alone call themselves these titles.  Some have delusions of grandeur and we can just be amused by it.  And when you call these companies, you won’t be able to speak to the expert.  They seem to always be on the road or in a meeting away from the office.  The problem with this practice is that some who are in need of real help fall victims to this delusion.

Some only have one or two products, and will insist those are the only solutions to your debt problems.  Debt Aid Consulting has a wide array of product services that can be matched with the clients’ problems.

In Canada, there is a different problem.  There are US companies who illegally cross the US-Canada border with their ads targeting unsuspecting Canadians.  Some clients, who do not know that these companies are not registered with the Canadiangovernment end up entering these programs.  Employees from some of these companies even go to the extent of going into Canada on visitor visas and work by marketing at different establishments thereby violating immigration laws.  We have already alerted the Canadian Authorities and the Federal Trade Commission about them.  There is a saying, “The law is slow but brisk”.  This means that the authorities are slow in getting an investigation off the ground but when it catches up to you, it is intense.  This is why you see or hear companies suddenly disappear.

These companies are not covered by the Financial Consumer Agency of Canada and you may be at risk by entering in their programs.  Some clients call me asking for help because the company they enrolled in donot acknowledge them and tell them to call another company.  Debt Aid Consulting is incorporated in the U.S. and Canada.

In order for one to find the right company, ask these questions:

  • Are you a local corporation in the country I’m in?
  • Am I talking to someone in a call center in Asia or a non North American country?
  • What state or province are you incorporated in?
  • Am I allowed to keep contact with you since you are the first company I contacted?
  • May I speak to the Guru or the Expert?

I can only say, my name is Ben Lou and I am here to serve you.  I have 29 years of real financial experience. If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We do not use marketing buzz words.

We are incorporated in the U.S. and Canada and serve all U.S. Sates and Canadian Provinces.

All employees are bonded for your protection.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 35

Q:  Creditors and collectors are harassing me and calling my workplace, what can I do?

A: Perhaps you haven’t been paying your debts, that’s why they’re calling you.  First, let’s define that word “Harassment”.   “Harassment” covers a wide range of behaviours of an offensive nature.  It mostly means, a behavior intended to disturb or upset in a characteristically repetitive manner.

Now, let’s cover what constitutes “Collection Harassment” as defined by the law.

  • Repetitious phone calls that are intended to annoy, abuse or harass you or any person answering the phone
  • Obscene or profane language
  • Threats of violence or harm
  • Publicly publishing lists of people who are not able to pay their debts
  • Calling without saying who they are
  • Calling your place of employment

If your complaint is covered by any of these items then you have a case.  In most cases, people do not really know their consumer rights.  Most people who cannot pay their debts simply ignore the calls and letters they receive from collectors until it gets worse.

A collector’s call to the workplace is a big “No, No”.  But, since most people do not know their consumer rights are being violated once, twice or even more times than twice simply become scared and avoid having to deal with this problem.  Hence, supervisors, bosses or managers start wondering who this person is that keeps calling their worker.

Here’s how you can make it stop.  If you believe a debt collector is harassing you, contact the CFPB(Consumer Financial Protection Bureau), the FTC(Federal Trade Commission), or the State’s Attorney General.  You can also sue the debt collector for violations of the FDCPA(The Fair Debt Collection Practices Act).  If you sue under the FDCPA and win, the debt collector must generally pay your attorney’s fees and may also have to pay your damages.

if you need help to be done with your debts so these collectors can stop bothering you, call Debt Aid Consulting so we may find a solution to your debt problems.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 36

Q: I inherited some money.  How do I invest it?

A: This all depends on the size of the inheritance.  Never forget that an inheritance is taxable.  An inheritance tax or Estate tax is a levy paid by a person who inherits money or property or a tax on the Estate, meaning the total valuation of the monies and properties involved from a person who died.  There will be a lot of people waiting for a hand out so be smart and choose your friends wisely.

Assuming there is a sizable amount left after taxes, you may want to invest in real estate or government bonds.  I never recommend going into stock portfolios for someone who do not have any experience in this.  It is very risky and you may loose everything at a glance.

If the amount is not that sizable, you may choose to invest in your future.  Invest in your retirement, college fund for your children, or payoff your car and house.  There are many ways to loose this money fast.  The best way to avoid that is to put it in a money market account immediately so that it starts making money for you.  This way, you can keep it away knowing you will be penalized if it is taken out before thematurity date.  People you’ve never seen in a while will show up and ask for a loan and not pay you back.  Others will convince you to invest in what they have so like I said, choose your friends wisely, so you don’t get burned.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

 

Itama po natin! By: Ben Lou

Segment 37

Q: The IRS took my tax refund without notice.  Is that legal?

A:  Taxes are one of those things included in our daily lives.  There are sales taxes, property taxes and other taxes but most of all we all have to pay our dues to the government.

As I have mentioned before, the government develops infrastructures for the citizens of its country to have benefits based on what they believe is needed.  They create and develop programs that help the needy in hard times.  The government cannot function without funds and this is where your taxes come in.  They need money for the governing bodies to function and pay for their livelihood as they provide public service to their citizens.  The money is used for roads, health care programs, food banks, emergency services, crime prevention and many more.  In other cases, rich countries or governments help needy countries as well so that they may create an alliance.

In order to answer your question, we need to get to the root of the problem which is have you been paying your taxes?  It is most probable that if you did, you did not pay all of them or not pay it at all.  The IRS will send you a bill or statement first and if ignored they will turn to the inevitable which is to garnish and take any refunds you may have coming to you at tax filing and “Yes”, this is legal.  This kind of problem will snowball real fast because the penalties and interest will build up quickly.

So, if you want to stop the bleeding, you can call me at Debt Aid Consulting.  I can help settle this problem with the IRS once and for all.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 38

Q: I have too many installment accounts every month.  I feel like I’m writing a check to at least one creditoreach day.  Is this a good thing?

A:  I can certainly agree that this feels like a task in itself.  Although some people have turned to online payments, it still is a task to turn on the computer and make installment payments.

First of all, this is a problem.  Having too many installment accounts every month means one of three things.  Either you have too many credit card payments, too many fixed expenses or last, both.

  • Credit card payments are those that if you use the credit card, you do not pay off the whole balance at the end of the billing cycle. Thus, you become trapped in this habit of making monthly installments.
  • Fixed Expenses are those like rent or mortgage payments, car payments, insurance payments, furniture payments, etc. These are fixed because you are locked in paying a certain amount to each creditor per month.
  • Both? Put the first two together and you have a disaster!

I caution everyone that each month that you make these payments, it creates a certain animosity to the task.  In a few months this task will feel like a pain.  But folks, we do it to ourselves.

We have to have the things we want but do not have the cash to pay for it so we finance it.  This is also one of the ways banks make their money.

In reality, having too many fixed expenses every month also puts us in danger.  Just a problem with the inflow of money or an emergency expense can put us in a negative cash flow.  When a negative cash flow happens, it usually takes months to catch up.  It disrupts a whole line of payments meaning as one payment gets pushed out, so does the next and the next.  It will take months to take back control of the situation.  And sometimes never.

So! If you feel like the life is being squeezed out of you by all these installment payments every month, give me a call so I may find a solution to your fixed expense problems.

 

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 39

Q:  I received a judgement from credit card debts and they took my money from the bank, what can I do?

A:  If you really must ask, there is nothing you can do to stop that exept to pay the debt in full and the court will stop the levi.  Yes, this order is called a levi.  This order is executed by the sheriff to the bank as ordered by the courts.  This order is to pay the amount of the judgement in full plus any additional fees for executing the levi.  They will keep wiping this bank account until the judgement and fees have been satisfied.

Before this took place, there were other events that should have taken place first which were more likely ignored.  First, there was the summons for the lawsuit.  Then there was the judgement.  Then there could have been a garnishment order but if they could not locate an employer, which they will turn to a levi.

Take note that for every event there would have been ways to prevent the levi from happening.  But when all else failed, they had to find other ways of getting paid.

I will always have programs that can try to get you out of these situations but as the problems get severe, the solutions look more like a band aid.  So please try to solve the problem in its early stages because it tends to be harder and harder as events progress.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 40

Q: I am on a tourist visa. I have been staying in the US for 10 years and was able to get a social security number.  With this I was able to get credit cards and now I have fallen behind.  How can you help me?

A: I do not think that your residence status has anything to do with the debts you owe.  A debt will always be a debt no matter what your residence status is.  If you look in the application for the credit cards, they do not even ask you whether you are a US citizen or a permanent resident or any other for that matter.  As long as you have a social security number, you can open a bank account and get credit cards.

If your question suggests if these debts will affect your future application for status change, it should not.  The US Immigration department is not a collection agency and do not have anything to do with people’s owings.  They have enough problems as it is that they have to try to deal with yours.  But, to get the correct answer, please contact an immigration attorney.

With regards to being behind with your debts, I can help you with that.  I have debt programs that matches every clients need.  Whether your debts are as little as $4K, or much more than that, I can match you with the right program.  I can give you low monthly payments in order to afford settling these accounts that are causing you sleepless nights.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 41

Q: A collector keeps trying to collect on a debt longer than 7 years.  How do I get rid of them?

A: If you pay them or settle it, that would be one way of getting rid of the debt and them at the same time.

There are plenty of misunderstandings about how long someone can try to collect on a debt.  The answer is there is no time constraints regarding collecting a debt.  The most common misunderstanding is that after seven years, you no longer owe the debt.  The statute of limitations begins on the first day you miss a debt payment.  Collections typically last to seven years.  A debt collector is legally entitled to collect a debt even after the statute of limitations of seven years has run out.  However, the debt collector is breaking the law if they sue you over the debt or even threatens to sue you.

The statute of limitation does not eliminate the debt.  The only remedyit does is limit judicial actions available to the creditor or collection agencies after a certain period of time and they have to unlist the negative debt from your credit report.  A debt collector may still seek payment of an old debt even though the law cannot force you to pay it.  But in most cases, they may simply just give up when they feel that the debt has become uncollectible.  And they may choose not to do business with you in the future until the debt is paid or settled.

This is why a debt will always be a debt until it is rid of.

So folks, if you still have some collectors hounding you even after the seven year statute of limitations is up, give me a call.  I can settle these debts for much lower that what they are asking for so that you may go on with your lives debt free.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin:  By: Ben Lou

Segment 42:

Q: I called this debt company who advertises on TV and the person I talked to told me he was in the US.  I went to their office and I found out he was in the Philippines.  These people lied to me.  What should I do?

A: I have always warned people to check the companies when they ask for help.  These companies might actually do more harm than help you.  Especially if they can’t even tell you the truth about where they are and from a call center in the Philippines.

I heard this guy once who said on TV that all his consultants were here in the US when I knew all along that he had a call center in the Philippines.  When they lie to you, this is actually a violation of your consumer rights and the Errors and Emissions Laws.  They are obligated to tell you the truth but some unsuspecting clients become victims.  They just violated your rights as a consumer when he told you he was in the US.  This just tells you how sleazy some businesses are.  To lower their costs, they use call centers in the Philippines.  The sad part about this is it takes away jobs from the people here and if someone does not ask the right questions, they will give their most private information to someone who is in the Philippines.  The employees in the call center may also not be bonded by an insurance company from the US.

The reason they don’t want you to think that they use call centers is because they know you will not be their client if you found out.  My case exactly is what did you do when you found out?  You came to me.  And when you found out I do not use call centers, you chose my company.

Folks, learn from this gentleman.  Ask the right questions.  Check them out.  A lot of people claim a lot of things they are not just to get your business.

To this gentleman, you can call the Federal Trade Commission to report that you have just been lied to by a company. This is why I do not use call centers.  It diminishes the trust factor.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin:  By: Ben Lou

Segment 43:

Q: I used my son’s social security number to get some credit cards because I have bad credit, now I cannot pay it too.  What should I do?

A:  To be honest, I really cannot give any other advice to this client but to come clean and face all legal consequences of his actions.  A crime has been committed against the son, the financial institutions and the government.  As they always say in the legal system, “If you do the crime, be prepared to do the time”.

Solutions to this client’s problems were available way back in the beginning before the crime was committed.  Being bad credit is not the end of the world.  There are programs that can help re-establish credit provided there are no more unpaid debts showing in the credit report.  If there are, there are also programs that will help eliminate these debts at a faster rate and lower payments.  Instead, the client chose an easy way and violated the law in order to obtain the credit cards.

You should build up your courage, drive up to the local District Attorney’s office and tell them what you have done.  Maybe they will be lenient since you turned yourself in.  Most of all apologize to your son.  He is the innocent victim here and the most affected.  You have changed his life forever.

So!  If you have bad credit, I have programs that can help you get out of this pain as long as no more debts remain unpaid.  If there are, I can help get these old unpaid debts settled at a faster rate so we can then put you in a credit repair program.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin:  By: Ben Lou

Segment 44:

Q: I am worried that by the time my children get to college, it would be so expensive that we cannot afford it.  How can we prepare for this?

A: This is a good way of doing things.  Plan now!  Not when you are faced with the situation.  Lots of people get caught up in the moment that they loose touch with with what lies ahead of them, especially when you have children.  They like to live it up now and deal with problems as they come.  “Prevention is better than treatment”, my friends and it always will be.  If we can do something now so that we can prevent a future problem from happening, then that would be smart.  Unfortunately, not everybody thinks this way.  Most think the reverse.

To answer the question, have you heard of a 529 Plan?  There are two types of a 529 Plan.

Types of 529 Plans

Savings Planworks much like a 401K or IRA by investing contributions in mutual funds or similar investments.  The plan will offer several investment options from which to choose.  The account will go up or down in value based on the performance of the particular option you select.

Prepaid Planslets you pre-pay all or part of the costs of an in-state public college eduation.  These may also be converted for use at private and out-of-state colleges.  The Private College 529 Plan is a separate prepaid plan for private colleges.

For tax purposes, as long as the plan satisfies a few basic requirements, the federal tax law provides special tax benefits to the plan participant.

This is only one of the ways of preparing for something that will inevitably come.  It is much better than digging ourselves in the hole with student loans that will take decades to pay off.  Look for the best option to save money for the future not just for the college fund.  This is just one of the things we must prepare for as we get older and wiser.

If you find that being heavily in debt is not allowing you to prepare for your family’s future, call me at Debt Aid Consulting so that I may find solutions in making you debt free sooner than you think.  That way, you may be able to address the things that you need to really prepare for.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say “No” to call centers.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 45

Q: What are your services offered that can help Filipino-Americans?

A: Folks! We always try to make our services better para po kayo ang makinabang sa inyong money.  This is the reason why I always try to find new and advanced services that will help the clients in attaining their goals in life. We also serve all US States.

  • Attorney Debt Resolution Program, can help those who are in dire need of a solution to their debt problemswith an attorney by your side . Credit cards, undsecured debts like Lines of credit or store cards, Private and trade school student loans, unpaid hospital and utility bill.
  • Federal and Military Credit Unions are the hardest to settle but we have the program which will help the members settle their debts for less.
  • Military Debts for non active US servicemen and women who have fallen in hard times with their Military Star and USAA debts.
  • We help with both Federal and Private Student loans, as well as Trade School Student Loans.
  • Performance programs are not attorney based. If your debts are small enough not to need attorney presence, we can help even with minimum of $2K debt.
  • Debt Management will lower the interest rates for your debts.
  • If you have been served summons/garnishments, we still have a way out for you.
  • We also provide Legal Insurance for all our clients.
  • Legal club is available for clients who would like to have attorney access at all times.
  • We settle your IRS/State Tax problems for less than what you owe.
  • Of course! We have credit repair to get you back on the road.

If you are heavily in debt with credit cards, please give me a call so I can provide you with different ways and solutions to be done with them. The good thing is at Debt Aid Consulting, we hold our clients hands while they are in our programs until they graduate and we also put you in a credit repair program.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 46

Q: What are your services offered that can help Filipino-Canadians?

A: Folks! We always try to make our services better para po kayo ang makinabang sa inyong money.  This is the reason why I always try to find new and advanced services that will help the clients in attaining their goals in life. We also serve all Canadian Provinces.

  • Our Debt Resolution Program, can help those who are in dire need of a solution to their debt problems. Yung mga utang po sa Credit cards, undsecured debts like Lines of credit or store cards, Private and trade school student loans, Unpaid hospital bills and Utility bills, Payday and quick cash loans. Even traffic tickets and court fees are accepted.
  • Debts with Summons-Debt Lawsuits, these are the ones that are the hardest to solve but at Debt Aid Consulting, I have a program that can help you get out of this situation. Ang demanda po sa utang ay nakakatakot ngunit pag ating na address ito ay makakahinga ng malalim.
  • Yung Credit Repair po namin ay para don sa mga clients na nagkaroon ng negative effect sa credit history. This will get you back on the road of a new beginning knowing not to abuse credit cards again.
  • The Credit Builder or Credit Score Boost is ideal for those clients with some good credit history but scores not high enough to qualify for a home. We will put you in a program that will create new ways for you to get your scores up so that you may be able to qualify for a home within a year.  Remember lang po that we should look for a home that we can afford para hindi po tayo naiipit.
  • Identity Theft Restoration is for victims of fraud and identity theft. If your credit history has been compromised and negatively affected this will help repair and protect it.
  • Foreclosure Mitigation is for clients who are about to lose their homes to the bank for hardship reasons.
  • Canada Revenue Agency Programs-Coming Soon po yan!

If you are heavily in debt with credit cards, please give me a call so I can provide you with different ways and solutions to be done with them. The good thing is at Debt Aid Consulting, we hold our clients hands while they are in our programs until they graduate and we also put you in a credit repair program.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 47

Q: I enrolled my $30K debt in credit cards with this company which I saw on TV with a Filipino spokesman. I just found out that his company is being run in the Philippines with a bunch of unqualified people.  They did not disclose to me that my file was going or that I was talking to someone in the Philippines.  What should I do?

A:  Lagi po nating pagiingatan ang ating information.  Our information is our lives and it is what a lot of thieves want so they can use it to steal from us.  So if you were going to willingly just give it out to anyone, without checking who or where they are, then we are open for scams and identity theft.

I always tell clients to ask if the person they are talking to is here in the North Americas.  Here, the personel can be bonded so that you’re information will be secure.

The problem also is that some of these mediocre companies do not want do tell the truth and disclose to you that they are in Asia so that you will take the bait and hand out your information willingly preying on your debt problems.  They have to let you opt-out if you do not want to talk to someone in Manila.

There was one company that I know of that I know does this.  It is actually the CEO of the company who gives direct orders to never reveal that they are in the Philippines.

To the US victims, this is an FTC violation.  To Canadian victims, it is a Financial Consumer Agency of Canada violation.  Clients who have become victim to this violation must report this to the above agencies so that these companies can be prosecuted to the fullest extent and shut down for good.

That is why, always ask where the company or the person you are talking to is located and verify the company.  Some claims that they are licensed to do so many things, but are not.

That is why at Debt Aid Consulting, all personel are bonded for your protection.  We do not make claims we cannot deliver and we are all in North America.  That is the reason for the variety of products services so we match you with the right program.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 48

Q: How do I know if I qualify or could afford a house rather than just renting?

A: A client called me the other day asking for help with his $20K debt in credit cards.  I asked him how he got himself in this deep unsecured amount of debt.  He said that they use the cards for groceries and do not pay it all when the bill arrives.  I told him that if anyone was to use the credit cards to buy groceries, then thye should actually pay it in full every month and if they cannot, it only means that the money coming in every month cannot support the household expenses.  He said this all started when they purchased a house.  “So you know the answer” I told him.  The house was too expensive for them that they are using all their resources to support the house.  Nevertheless, we cannot undo the house situation anymore but we can still solve the problem with the credit cards and the income shortage.  I told him he needed to look for a part time job and let’s get the debts in my program.

Folks, we cannot force something that is not possible or it will create chaos in our lives.  This client was the perfect example of someone who went way beyond his means to maybe prove something or just got carried away.

Let’s follow these 4 basic Rules of Thumb to find out how much house we can afford:

A “rule of thumb” is a simplified estimate of a complicated calculation.  These are based on a 20% down.

  • Most people can afford to purchase a home worth about three times their gross annual income, assuming they have a moderate amount of unsecured and secured debts.
  • If they have no debts, they should be able to afford about four or five times their gross annual income.
  • The front-end debt-to-income ratio, mortgage payment divided by gross income should be less than 31%.
  • The back-end debt-to-income ratio, mortgage payment plus all recurring monthly debt payments all divided by gross income should be less than 43%.

Kaya po lagi kong sinasabi, huwag mangarap ng bahay na di natin kayang bayaran at tayo rin ang mahihirapan.  If you are having some difficulty paying your home due to so much unsecured debts, call me at Debt Aid Consulting.

Also, clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you’ve been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 49

Q: Can I still be sued even if I am only a co-signer?

A: Being a co-signer on a loan makes you just as responsible for the loan with the number one signer.  This is a very hard situation.  First of all, you did not gain anything from the purchase or the loan.  You merely co-signed and the person who appliedgot what they wanted.

Most of the time, the person who is asking you to be a co-signer has bad credit.  So that means that person do not pay his or her debts.  Why should you be any different?  You are only good until they get what they want.

Here’s a story.  A while back a client called because she co-signed for her niece’s student loan since her sister has bad credit.  School started and later the niece decided to drop out of school.  When it was time to pay the loan, the niece refused to pay up because she never finished the course.  And why is that the aunt’s fault?  The apple did not fall  far from the tree.  Mother and daughter did not want to pay so the aunt ended up paying for it through my program just to save her credit standing.

People sound very good in paying back when they have not taken the loan out yet and need your help to get it.  This is like taking a rock and hitting yourself in the head with it.

You, the co-signer, means you are guaranteeing the loan that your friend or relative wants to take out.  So if they do not pay, you will.  That’s what guaranteeing means.

No matter who is asking for you to do this, unless you are 100% certain that you will shoulder this debt if they do not pay, don’t do it.  You will create enemies out of relatives and they can make you look like the bad one.  The sad thing is you were minding you own business before they approached you.

So, if you or your relative do not pay, they can sue both of you for the balance plus court fees.  If they win, they can garnish, levy or lien on real properties in order to get paid.

I have programs that can help you get out of debt and put you back on the road to recovery.

Reminder po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you’ve been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 50

Q: I previously saw the owner of a debt company say on TV that they are all here in the US.  Now they’re saying that they have had this call center in the Philippines all along and bragging that they are helping Filipinos there.  How can I tell who to and not to believe?

A: Let me help by letting you answer your question.  I think you already know the answer but would like to confirm that you are correct.  Would you believe someone who has misled you from the beginning?

Many clients have brought this to my attention when they call me.  If you are asking me, then you certainly have doubts and the next question is what else are they not being truthful about?

Having revealed this truth, the next issue is how safe is their system?  Let me tell you a story of a client who called me a few months ago.  She told me that she had to send money to her brother in dire need back in Manila.  She called a company who claimed they had a secure system.  Trusting the person, she gave her credit card information.  One week later, someone from Manila was trying to buy a ticket to Hong Kong using her credit card.  It was a good thing that the bank caught it and deactivated it immediately.

Now, if you went with this company who uses call centers where you are not certain whether they have a securesystem and your credit cards are not deactivated yet, what stops someonefrom actually making purchases using your credit cards.  Another disadvantage of an unsecured system is when employees can access your information even if they were not at the call center, you may be exposed to possible identity theft.

I am not telling anyone who you should and should not believe.  My suggestions are always to lessen your exposure and practice damage control.  You always have to be careful when it comes to your personal information.  Once, it’s out there, you are looking at a very difficult task to undo it.

At Debt Aid Consulting, all employees are bonded and we do not use call centers anywhere.  All employees are in the US and Canada.

Siya nga pala!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.  And a very Merry Christmas and a Happy New Year sa inyong lahat!

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 51

Q: I received a summons from a debt collector and I called this other company that I saw on TV.  After explaining to them my situation, they wanted me to enroll my other credit cards which I am still paying on.  How can you help me?

A: Some mediocre companies do this.  As I have mentioned before, most debt companies only have one program.  Whether your problem is credit cards, unsecured debts, student loans, it all falls under one umbrella.  That is why they have to stay within their guidelines.  No accounts with lawsuits.

This is better explained this way.  You went to a doctor because your stomach was hurting.  The doctor tells you, “Oh, I don’t know how to cure your stomach pain but I know all about headaches!  Let me cure your headache.”  What would your answer be?  Would you let the doctor cure your headache?  Even if I had a headache, I would not let this doctor touch me.

Most companies will not address your immediate problem.  That is why I made it a point to create programs which addresses almost everyone’s immediate debt problems.  We help clients with lawsuits all the way down to $2K debt with different available programs from my different attorney partners.

So give us a call and we most likely have the program which addresses your immediate need.  We do not use call centers and we have the best service rates available.  We help all clients in all US States and Canadian Provinces.

Reminder po again!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you’ve been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.

Ben Lou at your service!  I have 29 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.  And a very Merry Christmas and a Happy New Year sa inyong lahat!

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 52

Q: It is a new year.  My husband and I would like to be debt free of our $10K credit card debt by the next newyear.  What tips can you give us?

A: That is one of the best things I have heard all year long.  Being debt free is a good goal especially if you have big plans for you family’s future.  Also, this is a good starting point in setting new goals so that your future can be more stress free.  As you very well know, being debt free is a work in progress and as long as you stay focused can be attained.

Now to start you off, it would always be good to create a household budget showing all incoming revenue meaning your income.  It would be good to put some aside with the company 401K so that you do not even see that money.  Also, have the right amount of claim on your taxes so you will not have any surprises come tax time.  The tax can be assessed from the tax sheet in the W-4 form.  Once these items have been taken out of your gross pay, we can now use the net pay to deduct your household expenses.

For household expenses consisting of ordinary expenses like rent, utilities, car payments and groceries keep them at a minimum. Avoid creating any new recurring monthly expenses.   This will be very important in achieving your goals.  Try to save every penny.  Yes, every penny.  When you target saving a penny, it will make you feel good when you save a nickel.  Be stingy with your money.  Afterall you worked hard for it.  And every penny you save can actually go into your budget paying for bills or going into savings.

This is where I come in.  I can help your family be rid of this $10K credit card debt in 12 months with lower monthly payments than the banks can offer you.  Then we can put you in a credit repair program which will put you back on the road in 6 to 7 months after all debts have been settled.  We offer this to our clients so we can put them back to when they were able to borrow money again.

I never say I am the only help available but here are things to watch out.  There are companies who use deceptive advertisements.  There are companies that use call or service centers in Asian countries.  They actually use these call centers as their debt negotiation center where they use employees with no experience in settling debts and have no concept of the legal system in North America.  They charge you top dollar and pay third world employees practically nothing based on what you pay.  They also make you sign a disclosure that they do not promise that they can settle your debt but still charge you a fee.  You deserve better.

There is this one company I know who claimed that they do not use call centers and a few months later turned around and claimed that they did and still do.  Stay away from these companies because the law is closing in and you would not want to have your money stuck in the middle.

I have had clients who actually complained that they have been victimized by one of these companies.  It is up to you to be diligent and check out the company you would like to help you.  You can ask where the person you are actually talking to and where they will be sending your files.  If it is going to another country, forget them.  You would not want your records to go other that local.

It is up to you to protect your personal information.  Companies try to tell you they have a secure system but to me, when they are sending information to Asia, I would be very hesitant.  No matter how convincing they may sound.

So if you would like my help in achieving my goal, this is what I can offer.  At Debt Aid Consulting, we only partner with the best, reliable and experienced attorneys, arbitrators and negotiators in the market.  They have 30+ years of real experience in the art of negotiating your debts down.  We only use Certified Debt Specialist and they are experts in their field.  We offer a wide array of the best services in the market and we always match you with the right program, not with our only program.  This is why we are the only company in the market who can take care of summons or garnishments or even Federal Credit Unions and Military Cards.  We also have the lowest prices and rates available in the market.

Reminder lang po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 53

Q: I opened up a small business.  The last 3 years has been a constant struggle and since the economy was hit hard, my business took a hit too.  I had to close it down because I was not making any money and I owe so much from suppliers and banks.  Can you help me with business debts?

A: One of the hardest to deal with are business debts.  Most businesses have inventory and fixed assets and the banks may choose to auction those off to get paid some for what you owe.  They may also try to collect on the difference from you personally since most agreements ask the owner to guarantee the debt.  So, even if your business is a corporation, they can go after your personal assets.   In most cases, creditors know they will never be paid in full but they have to try.  The safest way to settle all creditors down  is to file bankruptcy but this can put you in a long payment plan via the court trustee.

I always tell small business owners to be wise.  Remember that you may have or see a lot of money in your bank account right now because you have not paid any of your creditors yet.  When you actually pay your creditors and if there is money left, that is yours.  Then you may want to stop before you buy that diamond ring or that expensive Rolex watch.  You may want to re-invest the money back into your business.  This is called growing your business.  You may not know that the more you own in your business means you have more capitalization and that you owe less and less money each month.  Your business actually runs better if you are not strapped for cash and owe less monthly.  Once you have diverted the funds to something else, it would be hard to turn it back into cash to pay bills.  Be wise!

In some cases, creditors may elect to sue the business owner since he or she guaranteed the debt.  This is just another way of trying to collect a debt and is never personal.  Creditors always have to find ways of not loosing money.  Same as with you the business owner.  You do not want your customers to not pay you.  As usual a paying customer is always a good customer.  Unfortunately, this is not always the case.

Most businesses always smart small.  Not everyone has endless resources of capital to risk into a small business.  But it is the smarts that will get you through the hard times.  Try not to waste any money.  Pay your creditors first before looking on what to spend money on.  Always be pessimistic.  When you put yourself in this state of mind, problems do not surprise you.  Do not automatically think that people will do things according to how you would do it.  In a way you can also call this being pro-active.

The business is closed, debts have been incurred and have not been paid.  I have programs that can help business owners settle the debts rather than file bankruptcy as long as the business is already closed.  Just a reminder to the business owner, that this does not stop the creditors from going after any inventories or fixed assets.  They may elect to but mostly do not because most of equipment and inventories are of no value to them.  I have attorney partners who can deal with creditors professionally and substantially lower your debt amount.

Reminder lang po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 54

Q: I have a lot of unsecured debts from different institutions.  I tried to file for bankruptcy without including my wife where the attorney told me that was ok.  When we got to court, the trustee was looking for my wife and told me I had to file together with her.  The attorney told me that we should just add my wife.  When I disagreed, he had the trustee dismiss my case.  What should I do?

A: Let this be a warning to those who think that bankruptcy is an easy way out of your debts.  Bankruptcy laws have changed since the economic downturn.  They have become stricter and not just anyone can file.  There was a surge in Bankruptcy applications because of people who lost their homes when they became victims to predatoryloans.  The government does not want people to just automatically file bankruptcy but instead look for other solutions to their debt problems.  This is why there were plenty of government programs that were developed in order to help people stay in their homes rather than walking away from it.

I have to remind people too that since the bankruptcy laws also became stricter, there was also a drop in clients for bankruptcy attorneys.  With this drop of clients, some attorneys actually just tell clients they can file and if it gets thrown out of court for certain qualifying reasons, then it is up to the client to go through with it or not.  One disadvantage with this is that the attorney will not return the retainer fee that clients have paid even if they decide not to proceed.  Another disadvantage is that your credit report already has a record that you filed bankruptcy but had it dismissed.

I still get client calls asking for my help to file bankruptcy.  Plenty of times I am able to save them from having to file.  I always tell people that bankruptcy is not the only answer to their debt problems.  There are now new and stricter qualifying reason why your case might get thrown out of court or dismissed.  The sad thing is that you will have a bankruptcy application recorded in your credit report if you decide to have it dismissed.

I actually had a client the other day who paid the attorney five thousand dollars to do his Chapter 13 Bankruptcy filing.  All his debts were under his name but he was married.  The attorney told him that he can file by himself.  When they went to court for the hearing, the trustee told him that he could not file by himself because debts like assets are a community property (Meaning husband and wife owns and owes).  The attorney then asked him if they will include his wife since that’s what the trustee wanted and the attorney said he did not know that he could not file by himself.  I asked the client was it not his job to know the requirements of the law?  So when he decided not to go through with it, the attorney just said goodbye and good luck.  I don’t think that was worth five thousand dollars worth of work.

If you are severely in debt, and have your debts to your name, I can certainly help you without including your spouse.  I have programs that can help you get out of debt sooner and with lower monthly payments.  Also, there will be no presence of third party assistance in your credit report.

Reminder lang po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.  Nag-confess na yung competitor natin na call center sila sa Manila after denying it for years.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 55

Q: I don’t have a lot of debts on my credit cards.  Do I really still need to watch my money?

A:  Do you know who you will hurt if your finances all of a sudden take a different turn?  Yes, you may have a job now and yes, you may have some money in the bank now, and yes, are most probably able to pay your bills on time right now, but given a different scenario, where your job disappears or you end up taking a pay cut and your savings get used up, can you really keep up with your bills?  This is a good question to ask yourself and always a good idea to be prepared.  And how can you be prepared if you have no idea of your finances?

Always have a plan!  This plan does not just happen.  YOU have to create the plan.  First, you need to know how much money comes in.  Next you have to figure out all your recurring expenses every month like rent, utilities, car payments and more.  Ask yourself, do you pay off your credit cards every month or do you keep a balance and make payments?  If you can pay them off, do it.  Next, deduct all these from the money that comes in every month.  What is left is the positive balance.  If it is negative, then you are in the red.

First, let’s discuss the positive balance.  What you have created is a positive budget.  We can put this money to good use by putting it in a savings account so that we can have money put away for a rainy day.  Let’s not blow it.

Next, let’s discuss the negative balance.  This means that expenses exceed the money coming in.  There are only so many ways we can address this situation.  You can find a secondary source of income to compensate for the difference or you can cut your expenses if there is room to cut.  If you have debts, you should diminish it or get it into a program to lessen it.  Like I said there are only so many ways to solve this problem.

A budget is like a diet.  You must know what it is needed for food intake to loose the excess weight or calories.  You cannot just do it blindly or your chance of success goes down.  Same with a budget, if you do not control your expenses against your income, you could end up in the red.  And no one in the red likes it there.

Always save money to last for six to eight months if something ever happened to your employment.  Expect the unexpected so you are not surprised.  It is always a good idea to plan for a rainy day to come.

So if you are in the red and need my help to lower those credit card debts, give me a call at Debt Aid Consulting so I may find a solution to your problem.  I have many programs that help people get out of debt faster and with lower monthly payments.

Reminder lang po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.  Nag-confess na yung competitor natin na call center sila sa Manila after denying it for years.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 56

Q: I am starting out a new family with my wife.  We would like to purchase a home but do not want to overdo it by buying a home that is too much for us.  Can you give us some advice on what to look for and how to proceed?

A: This is the best time to invest in a home when you are just starting out a family.  Right now expenses are low and as long as you and your wife have a stable source of income, you are on your way.

The best way to proceed is to sit down with your wife and look at your finances and budget.  Total the money that comes in every month and be very conservative which means do not make forecasts that may not happen.  Stay with the present and any additional future income such as a raise from your job is a bonus.  Next, take all monthly expenses and deduct that from your monthly income.  What is left can be saved up for a down payment for a home.

The total amount of down payment for the home will depend on your ability to save.  Aside from the savings for the down payment, you must also consider putting money away for emergency.  This is very important and must not be overlooked because changes occur everyday and you do not want any surprises.

There are different ways in getting your family into a home.  Here are some pointers in what to look out for and what you must prepare before you make any offers.

Let’s follow these 4 basic Rules of Thumb to find out how much house we can afford:

A “rule of thumb” is a simplified estimate of a complicated calculation.  These are based on a 20% down.

  • Most people can afford to purchase a home worth about three times their gross annual income, assuming they have a moderate amount of unsecured and secured debts.
  • If they have no debts, they should be able to afford about four or five times their gross annual income.
  • The front-end debt-to-income ratio, mortgage payment divided by gross income should be less than 31%.
  • The back-end debt-to-income ratio, mortgage payment plus all recurring monthly debt payments all divided by gross income should be less than 43%.

As I have said, the home you buy will depend on your ability to save for the down payment.  Do not get discouraged by looking at these Rules of Thumb.  The rule you should be mostly concerned is rule 4.  The rule suggests a maximum being 43%.  I, as a conservative person will never cut it too close to this percentage.  To always be safe you should go 5% less than the maximum.

You can apply for an FHA loan which the down payment for the home would be between 3-5% as long as the price for the home qualifies.  Once you have figured this out, you must figure what the monthly payment would be depending on the interest and any additional monthly payments associated with the mortgage payments like mortgage insurance, association fees, impounded property tax etc.  All these must be 26% of your gross income to be comfortable.  Remember you may have other bills you need to consider.

It would be a good idea to tell the realtor you would like to help you that you are firm with the price of the house you intend to buy.  You do not want to get oversold because the realtor is shooting for a higher commission.  Baby steps!  The home you buy now may not necessarily be the home you will leave in for the rest of your lives.  This can be used as the first step in getting to your dream house.

I hope this helps in your search for the home for your family.  I always tell people be realistic when purchasing a house.  Do not shoot for a house that you cannot afford.  You can always renovate the house to your liking later as more money comes in.  Use cash for renovations instead of credit cards or loans.  This can save you a lot of headaches in the future.

If you have unsecured debt problems, you can call me at Debt Aid Consulting and we can find ways to help you get out of debt.

Siya nga pala!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.  Nag-confess na yung competitor natin na call center sila sa Manila after denying it for years.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 57

Q:I did not owe any debt until recently collectors started contacting me trying to collect on debts that I know nothing about.  I think my identity has been compromised.  Can you help me please?

A:  Identity theft is a growing problem here is the US and Canada.  Thieves thrive on different sources of information in order to scam, steal, or impersonate you using your own identity.  Someone can actually take out new loans, credit cards and even pose as yourself because they can generate credit cards and ID’s, with their own pictures using your name.  In some cases your information may also be sold in Pirate websites for the purposes of using it for fraudulent activities.  So!  Always be careful with your information.

Here are ways to diminish the chances of becoming a victim to identity theft.  By doing the following, we can only minimize the possibilities of being victimized.  If someone were to go out of their way to target your information, at least put up a fight.

  • Be sure to shred credit card statements, applications and other forms of documents containing your precious information before throwing them out as thrash. Your trash is a treasure for thieves.
  • If you are still mailing payments for your bills, take them straight to the post office rather than leaving it in your mailbox with the red flag raised. When you raise the red flag, it is not just the postman you are telling that you have outgoing mail but you are also advertising that to identity thieves.
  • You may want to start doing business online which minimizes the chances of identity theft.
  • Always(daily to weekly) check your credit card statements online to see if there have been unauthorized transactions being posted to your accounts.
  • Never give your precious personal information to anyone in call centers especially in Asian countries.
  • Pull your free credit reports from the 3 reporting agencies at least once a year so you may inspect it for unauthorized items. You may go to annualcreditreport.com in order to get your free credit reports.
  • Retail stores will sometimes offer discounts if you apply for their retail credit card. This is not a good idea because you do not know who else will handle your information aside from the store clerk.
  • Never share your personal information to anyone other than your immediate family, if they can be trusted. Sometimes it is your relatives that will harm you.

If there are unauthorized items, you must do the following: (This applies to the person whose identity has been stolen)

  • File a formal report with your local law enforcement such as police, sheriff or constable.
  • Listed on the credit reports are the unauthorized items and the banks or institutions where your information was used illegally. Contact each creditor to inform them that your identity was used illegally and mail or email them a copy of the law enforcement report.
  • Contact the 3 credit reporting agencies and file a dispute for the unauthorized items.
  • Put an alert on your credit information so you may be informed of unknown activities in your accounts.
  • Enroll in an identity theft restoration program.

Being a victim of identity theft is not easy.  You must go through extreme lengths to undo the damage done to your credit history.  And you will always feel uneasy that there is something going on even if there is none.

I can help you through my credit repair program.  The attorneys in this program will validate your debts with the banks and collectors and when we prove that those were unauthorized, they have no option but to take them off your credit report.

Giving your information to Asian call centers is also a big no-no.  You have no idea where this call center is and who the people you are talking to are.  I have shared this story of a client who called me so furious that she gave her credit card information to a call center in Manila and after a week, someone was using the credit card to purchase a plane ticket to Hong Kong.  Mabuti po yung nagiingat!

Reminder po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.  Nag-confess na yung competitor natin na call center sila sa Manila after denying it for years.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 58

Q: My parents are very old and not in very great health.  There are five of us children in the family.  Is it necessary to have a will in case they both pass away?

A: A will is a tool or device that lets people inform the world and whoever is concerned on whom you wish to get your assets in case you die.  If you die without a will, the state will decide who and what a heir gets without any regard to your wishes or their needs.

Intestacy laws differ from state to state, but in general, if you die and leave a spouse and children, your assets will be split between them.  If you are a single person and have no children, the state will likely decide who among your blood relatives will inherit your estate or assets.

Anyone who creates a will may amend or make changes to it at any given time.  It is a good idea to review it from time to time especially when your marital status changes or to keep the wishes up to date, ie, If the will was created when you only had 2 children and now you have 4.  Also, by reviewing items in the will from time to time, you can add new assets acquired or deduct assets released by you as far as who the beneficiaries will be when you die.

A will is also useful if you have a trust.  A trust is a legal tool or mechanism which lets you attach terms and conditions on how your assets will be distributed after you pass on and often this is a creative tool in minimizing gift and estate taxes which will be imposed.  Trust mostly deals with specific assets such as life insurance or real properties.

We are not immune from aging or loss of mental capacity.  Also, we are not immune to health crisis which may leave us unable to go about our business in life such as paying managing our finances and making important decisions. By granting someone you trust the power of attorney allows that person to go about your business better known as your “agent” or “attorney in fact” and continue to manage your affairs if you are unable to do so.

This person is empowered to sign your name and is obligated to act in your best interest at all time and in accordance with your wishes if you are incapacitated.

In many ways this topic would be best dealt with an attorney because not only are the assets involved but also the debts and liabilities by your estate.

The lists below are mostly the items which will be needed when someone dies.

For Assets:

  1. Account Statements-includes bank, brokerage and retirement accounts.
  2. Life Insurance Policies-If any.
  3. Beneficiary Designations-mostly investments will have a beneficiary on file.
  4. Deeds for Real Estate-Houses and investment properties.
  5. Automobile and Boat Titles-needs to be transferred to new legal holder.
  6. Stocks and Bond Certificates-the original certificate will be needed.

For Liabilities:

  1. Mortgages, Property taxes and Home Owner Fees
  2. Lines of Credits, Personal Loans, Student Loans and Credit Card Bills
  3. Federal and State Income Taxes
  4. Car and Boat Loans and Storage Fees
  5. Loans against Life insurances and Retirement Accounts
  6. Utility and Cell Phone bills

Based on the lists above take the assets less the liabilities will result in the amount to be divided among the children and the spouse.  If there is a will, that will take precedence on any rules of court.

 

The business of dying is a very complicated matter and is made worst if there is no will. My advice is to have them make a will to avoid future complications between the spouse and children.

Reminder po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.  Nag-confess na yung competitor natin na call center sila sa Manila after denying it for years.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 59

Q: I am a young person and people always give me advice to save for my retirement.  When should I really start saving for my retirement?

A: Not very many young people think about this question until it is too late.  Imagine that the more you save for your retirement, the more comfortable your life will be when you retire.  Since making money has become tougher these days, most youngsters take a different approach and that is to live life first and worry about that part of life when its time.  On the contrary, today is the time to think about it.

 

So, when should you really, really start saving for retirement?  The answer is simple.  As soon as you can!  You should start saving when you first get out of college, find a job and begin earning paychecks.  The sooner you begin saving, the more time your money has for it to grow from investments.  Every year’s gains can add to the following year and so on.  This idea is sort of interests making interests.  This is called compounding, very much used by banks to maximize profitability.

 

Follow this example:

You start at the age of 25 and set aside $3,000 per year in tax deferred retirement account for 10 years.  This $30,000 investment that you saved for 10 years by your age 65 will have grown to more than $472,000 based on economics.(Assuming an 8% annual gain).  Given these numbers, why would you stop after 10 years?  Keep it going!

 

Now if you did not save until the age 35 at $3,000 a year for 30 years, by age 65, you will have set aside a total of $90,000 of your own money.  This $90,000 will only have enough time to grow to about $367,000 assuming same returns of 8% accrued gain.

See the difference.  The longer it has time to accrue earnings, the more dollars you will have upon your retirement.

 

Here are some pointers in how to retire wealthy:

  1. Enroll in a 401K program if your company offers this program. If the company you work for offers matching 401K investments, you should take advantage of this.  This is the company you work for putting free money towards your retirement.  Mostly this matches ranges from 25-100% of your contribution, which sums up to about 6% of your salary.  Even if the match is at 6%, that would immediately yield a 25% gain on your investment.  Also, the money you put away in your 401K is excluded from your taxable income.
  2. Invest in a Roth IRA if your company does not offer 401K plans. Many small employers do not have the money or the manpower to offer a 401K plan.  This means you have to create and manage your own retirement plan.  A Roth IRA is a non taxed deducted retirement account.  The up side is you can take it out and use it for any reason without penalties.  Only the gains are taxable with this plan.  If you do not take out any gains until 59 ½, those are tax free as well.
  3. Federal Student Loans. Don’t put so much money into trying to pay off federal student loans first versus putting money away for your retirement.  If you are able to do both and still maximize putting away for your retirement, then it is ok.  The interests are low enough on your student loans and they are tax deductible up to $2,500 in interests per year.
  4. Never cash out on your 401K. When you leave your present employer for a new one, you are given different options on what to do with your existing 401K.  You can leave it where it is now, roll it to an IRA, roll it into your new employers plan or ask your employer to give you a check.  Whichever you choose would be fine except for the last choice.  Cashing it out, will give you a penalty and tax liability.

 

Many clients ask me if they should take cash out from their 401K to pay for their credit card debts.  I always tell them that they will never get back the time that they had left that money invested again.  I can help them get rid of their unsecured debts at a faster and lower monthly payment than what they have now.

Reminder po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.  Nag-confess na yung competitor natin na call center sila sa Manila after denying it for years.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 60

Q: I am on working visa in the US.  I opened an account in the Philippines together with my nephew for my children’s expenses so he can control the spending.  Instead of helping us, he squandered the money.  Should I go after him even if his mother is my sister?

A: This is a very hard situation.  You know that in the Philippines your relatives are mostly the only ones you can go to when you need help.  Sometimes though, it is better to trust someone else other than them when it comes to money.  If you involve law enforcement, your nephew will most likely go to jail.  And you and your sister will probably never speak again.  But given this scenario, how can you or they justify what he did to you and your family.  Just the same, he has caused your family harm without regard for your family’s needs knowing how far you are.  And this is probably also the best reason why he did what he did.  Because you are so far that you could not do anything.

This is what I would do if I were you.  Right now and I mean immediately find another way to get the money to your children.  Next, have a good talk with your sister and inform her of your intention to prosecute her son to the fullest extent of the law.  Surely, she would know how to get a hold of him.  Tell her that he should communicate with you immediately if he does not want to go to jail.

Upon talking to him, ask him what the reason was for his actions.  There may have been  extenuating circumstances as to why he came to the decision of stealing the money from your children.  Always remember though that no matter how severe these circumstances are, it does not give him any right to criminal deed.  Next, ask if he will repay it.  Ask when and how much and as much as possible have him sign a confession so that you always have something to fall back on.  Chances are, if he does not pay you back, he might still have to do time for it.  And after he gets out, you can still sue for the money he stole from you with interest.  This is called “Restitution”.

There is a saying, “Don’t do the crime if you can’t do the time”!  Indeed this statement is true.  Many of times people who are at the end of the rope will turn to any means in order to get what they need.  But no matter how important, there are always other means and sometimes, they just don’t want to go that direction.

A lady called me one day for advice on almost the same situation but mainly just asking if she should just forget the debt since the other party is not paying.  My reply to her is a debt will always be a debt until it is repaid or forgiven.  Anywhere you go, a collector will always have a job as long as there are people who do not or cannot pay their debts.  And if anyone steals from you, you have law enforcement on your side to enforce the law.  And you can always try to collect for what was stolen from you from the perpetrator.  This is the way of the civilized world so there can be order at all times.

If you are someone who cannot pay their unsecured debts, I have programs tha can help you settle them sooner and with lower payments per month.  I have attorney partners who will work on your behalf to get you the lowest settlement for your debt.

Reminder po!  Clients call me complaining about debt companies using call centers in Manila.  The company did not disclose that they are talking to someone in Manila.  They have to let you opt-out if you do not want to talk to them.  Ingatan po lagi ang ating personal information.  If you have been a victim, report this to theFederal trade Commission. In Canada theFinancial Consumer Agency of Canada takes care of consumer complaints.  Nag-confess na yung competitor natin na call center sila sa Manila after denying it for years.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 61

Q:  I would like to start a business but I really do not know what, where and how to begin.  Can you give me some pointers?

A:  Oh yes, the American dream!  Owning your own business is an American dream for many.  Owning and managing a business are two separate things.  Managing your own business takes a lot more than hard work.  You need a financial plan as well or the business may be disrupted by financial pitfalls that you may or may not get out of.  Needed is a financial plan and products or services for every stage of your business cycle and that takes into account your personal financial goals and dreams.  In short, your business is an extension of your personality.

Since this is going to be your business, it must somewhat be of your personal interest.  It would be very difficult to get into a business you know nothing about.  Mostly people are out there to take advantage of you.  That is why it is very important to do your homework before you jump in.

A client came to see me because he ventured into a business here in the US without knowledge of the hows and whys.  The company lost money miserably and he could not wait to get out of it.  He wanted to do his homework after the damage was done.  I do not recommend doing business in this order.

Here are steps of how to start your own business:(I recommend doing them in this order)

  • Write a business plan

A business plan is an essential roadmap for business success.  This living document normally projects three to five years ahead and outlines the direction of how a company intends to grow revenues.

  • Get business assistance and training

Take advantage of free training services from preparing a business plan and securing financing, to expanding and business locations.

  • Choose a business location

Choosing a business location is the most important decision a small business owner will make.  A startup company requires precise planning and research looking at demographics, assessing your suppliers, competition, staying on your budget plus understanding and following federal and state laws.

  • Finance your business

Find Government backed loans, venture capital and research grants to help you get the business off the ground.

  • Determine the legal structure of your business

Decide which form of ownership is best for you ie., sole proprietorship, Limited Liability Company(LLC), corporation, S corporation, nonprofit or cooperative and register your Business Name.

  • Get and register Tax Identification Number

Learn what Tax Identification Number you will need from the IRS and your local state revenue agency.

  • Obtain Business Licenses and Permits

Obtain a list of federal, state and local city or county licenses and permits required for you to do business.

  • Understand Employer Responsibilities

Learn the legal steps you need to hire employees.

Once you have completed these steps, you are well on your way and GOOD LUCK!  For every business that opens up, a great deal of luck goes with it.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 62

Q:  We won a sizable amount from the lottery.  It seems like we went through the money very quickly and we’re almost out.  Why is this happening?

A:  In most cases people who win the lottery cannot decide what to do with their winnings.  With this indecisiveness comes hasty spending decisions which lead to the money being squandered.  Most of the time the winner does not realize that the money is almost gone until it is too late.  Relatives and friends will be asking for gifts and favors left and right, or even borrow money only to not be repaid.  At the same token, there is a sudden increase in relatives and friends who will be knocking on your door.

Here are some tips that would assist in helping younot blow away the millions you just won.

  • After winning, keep it quiet. Don’t tell anyone you have won the lottery.  You don’t want to be robbed of the ticket before you can claim your prize.
  • Protect your privacy. As much as possible, avoid the limelight.
  • Taxes will be due. Depending on the size of the winnings, it would be good to find out how you can help your immediate relatives first without giving them tax consequences.
  • If you are married, you and your spouse must agree on what to do with the winnings. Misunderstandings on what to do with the money could end up in an unnecessary arguments or divorce.
  • Get an attorney to create trusts and create a power of attorney in case unforeseen circumstances occur.
  • Hire an accountant or a financial advisor so that you can have help in finding out what and what not to do. You will want to retire using this money to fund it.
  • Give yourself a conservative spending spree. After winning the money, consider how much you want to spend on what you want to get for yourself and your spouse without squandering the winnings.  You will need the rest of the money for your long term financial goals.
  • You may want to consider taking annual payments to yourself while you invest the rest. Holding all that money in one pot makes it easier to get and spend.  Put it in interest bearing accounts so your money can double.
  • Do you really want to quit your job? Consider still working part time.  You will want to keep yourself busy.  Take a leave of absence just so you can enjoy some time to enjoy your winnings.
  • Consider going back to school to learn the hows, whats and whys about your money.
  • Invest! You now have the money to do it.  Double it or triple it, don’t blow it!
  • Keep a low profile. Avoid displaying luxurious jewelry and cash.  This is only an invitation for trouble.
  • Spend wisely. Though you have a lot of money now, you need not give it away until you have none.  Still look for the best deals rather than settling for the most expensive.  No one else will feel the sorriest when the money is gone exept you.
  • Treat your family well. They were there when you have not won the lottery so be there for them.  Never forget who has always been there for you.  This does not mean to be the backer of businesses for all your realtives.

If you happen to be one of the luckiest people on the planet, please avoid some of the mistakes that other winners made that led them to bankruptcy.  There is no one way to prevent the winnings from being squandered but as a responsible winner, you should have a plan.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 63

Q:  Is there really a statute of limitations which controls debt collections and how long a debt is collectible?

A: Let’s discuss the meaning of these terms as they are legal terminologies and need to be explained.

  • What a statute is and how it works regarding debts. Creditors and debt collectors have a limited window of time in which they can sue debtors for non payment of credit card debts.  This limit is set by a state’s statute of limitations.  These laws exist to protect people from claims being brought after evidence has disappeared.  Anyone who has any unpaid credit card debt must know their statute of limitations for the state they live in.

In most states, the statute of limitations period on debts run between three to ten years.  In some states, it is longer.  If the debts have lingered more than the statute of limitations allows them, these are referred to as “Time-barred debts” says the Federal Trade Commission.

  • So what is a “Time-barred debt”? If a collector sues you with this kind of debt, you can have the judge dismiss it by letting them know it is a “Time-barred debt”.

Debt collectors caution that the statute of limitations does not prevent them from attempting to collect the debt, even if the debtor shows up in court and asserts their “Time-barred debt” rights.

  • The Fair Debt Collection Practices Act, is the federal law that governs how and when debt collectors can contact consumers and collect unpaid bills and dictates when legal action may be filed.

Please do not confuse the statute of limitations with the length of time that a debt may remain on a credit report.  These are two different items and may vary from state to state.

  • Re-aging your debts. The ticking clock on the statute of limitations may start all over if a consumer makes a payment that has exceeded the statute.  In a way, this payment acknowledges the old debt and gives new life to it.  Do not call or make a payment on an old debt if you do not want to reset the clock.

 

There are plenty of misunderstandings about how long someone can try to collect on a debt.  The answer is there is no time constraints regarding collecting a debt.  The most common misunderstanding is that after seven years, you no longer owe the debt.  The statute of limitations begins on the first day you miss a debt payment.  Collections typically last to seven years.  A debt collector is legally entitled to collect a debt even after the statute of limitations of seven years has run out.  However, the debt collector is breaking the law if they sue you over the debt or even threatens to sue you.

The statute of limitation does not eliminate the debt.  The only remedy it does is limit judicial actions available to the creditor or collection agencies after a certain period of time and they have to unlist the negative debt from your credit report.  A debt collector may still seek payment of an old debt even though the law cannot force you to pay it.  But in most cases, they may simply just give up when they feel that the debt has become uncollectible.  And they may choose not to do business with you in the future until the debt is paid or settled.

If you still have some collectors hounding you even after the seven year statute of limitations is up, give me a call.  I can settle these debts for much lower that what they are asking for so that you may go on with your lives debt free.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 64

Q:  I was successful as a businessman in construction in the Philippines.  Shortly after arriving in the US, I started a solar company and partnered up with some Filipino friends and now we are turning on each other because the business is failing.  What seems to be the problem?

A: Doing business in the Philippines is an entirely different scenario than doing business here in the US.  There is so much regulation to be followed that one can buried in paperwork even after having put in long working hours.

Construction is a tedious business to be in.  First, you must take the licensing exam and after having passed that you need to work for another licensed contractor to get certified to get experience.  Aside from what I have just mentioned, upon opening the business, you must satisfy all the state and federal requirements, not to mention safety requirements.  You also need to follow labor laws as well.

A client came to see me the other day with exactly the same problem.  He partnered up with some Filipino friends who had some construction experience as workers, not business experience.  The business had always had a hard time making it from month to month and they are all putting out additional capital to sustain the expenses the company is continuously incurring.  The company struggled to sell their services mainly because all of them were worker bees.  There was really no one who was solely dedicated to selling which is the lifeline of the company.  Everyone was a worker and they were all trying to feel their way around as they tried to complete the job.  Also, instead of starting small, they leased a big warehouse with a nice office, not considering that this monthly lease is a recurring expense that will need cash to go out monthly. The frustration grew and as the business kept loosing money, everyone was taking from the company in every way they can.  One of the partners put his whole family in the company’s mobile phone plan.  One was using the company’s credit card for his personal gasoline expenses and so on.  Before the company even made it to one year of business, they had to shut their doors.  As everyone started pointing fingers at each other, the partners wanted to take out their investment.  This client gave them back their money so as not to hear any foul words from the ex partners.

Here’s a pointer that everyone should have followed.  There should have been a contract that everyone had invested this amount of money into the business.  If the company folds, whatever money is left should go into paying the bills.  Not to be returned to the investors.  That is why it is called an investment.  An investment is a risk.  It does not guarantee your money back if the business does not make it.  If it was the other way around where the company made money, they would be counting their blessings.  The fact is 8 out of 10 businesses fail within the first year.

My advice for anyone who is planning to start a business is to always run lean.  Don’t start buying cars and think that these expenses are all tax deduction.  There has to be profits before you can take these deductions.  Don’t lock yourself in recurring monthly expenses if you do not have to.  The freedom of having cash available is always king.  Take baby steps.  Only big businesses with endless supply of capital can make giant leaps.  Not small businesses.

If you have incurred debts while in business and the company has already shut down, you can give me a call so I can give you alternatives in getting out of these debts sooner than later.  I have attorney partners who can settle these debts for you.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call me at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 65

Q:  I pay off my credit card balances every month.  What is the best way to improve my Fico scores?

A:  This is a good habit to develop.  Pay off all credit card balances every month.  It is good that you are in this position.  Some are not this fortunate.  Here are some pointers in improving your Fico Score.

In order to improve your credit scores, it is important to know where you stand right now.  One of the major factors in your credit score is how much revolving credit you have versus how much you actually use.  The smaller that percentage is, the better your credit rating will be.

Paying down or paying off your balances will boost your score.  Having the ability to use a lot of credit at your disposal but you have to use it and leave very little or no balances.  Small balances on your credit cards are nuisance balances and does not help your score.  Pay them off as much as possible.  Don’t start closing small accounts.  These accounts help boost your credit as long as when you use it, pay them off when the bill arrives.  Even small accounts that show a good repayment record helps to get your credit score up.

When you are applying for a loan, try not to have everybody pull a credit report.  You can pull one yourself and bring it with you as you shop around for the best rate.  Everytime someone actually pulls your credit report, there will be a small dip in your score that will last a year.

Try not to be late sending payments for your credit card bills.  Credit scores are based off from what is in your credit report.  If you pay late, it certainly damages your credit and affects your credit score as well.  At the same token do not change the way you pay your bills.  If there is a big up and down on the amount of your payments, it shows uncertainty on the ability of payments.

The only time you really have to worry about your score is when you are planning a big purchase.  Pay your bills on time and always try to leave very little to no balance.  Also save a good amount of down payment so as make the loan go through smoother.  It is always good for the bank if you are taking a stake on the purchase you are making.

If your credit scores are down and you are having difficulty getting a loan, call us at Debt Aid Consulting.  We have programs that can help you get your scores up to make that big purchase you need.  If you have debt problems, we can help you get rid of them and then put you in a program to get your scores up.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  We are incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 66

Q:  I was laid off from my job and I could not pay my credit card debts.  Because of this I went into severe depression and stress, thus becoming a danger to myself.  I ended up in emergency at the hospital and was under observation for a few days.  Now, my problems just became greater because aside from my credit card debts, I have hospital bills that I most likely cannot pay.  How can you help me?

A:  I always tell my clients “Huwag dibdibin ang problema sa utang dahil pag nagkasakit kayo ay lalong lulubha ang problema ninyo”.  It’s only money and if you cannot pay it then “It is what it is”.  This is a temporary event in your life.

Unpaid debts affect people differently.  Some can easily brush it off while others go into severe clinical depression and stress.  Not only does this affect you psychologically but the continuous harassment from collectors does not help.  Some have heart attacks, migraines or headaches, high blood pressure, sleep deprivation and eating disorders.  Others turn to excessive smoking, alcohol, drugs abuse or self medicating and gambling.  But the sad truth is we are only making matters worst because these are not solutions but additions to the main problem.  In other words, “Huwag nang dagdagan ang problema with bisyo”!

These are some tips in order to prevent this from happening:

  • In case of job loss or inability to pay your debts and you feel that you are slipping into depression, see your doctor right away. The worst thing you can do is not to seek medical help if you are going into clinical depression.
  • Seek an expert’s opinion how to go about your financial situation. Do not assume that you have the formula to get out of your problem.  An expert may have a different approach to solve your problem.  You cannot afford to make mistakes so try to go through the process just once, rather than trial and error.
  • Accept the fact that you are in a financial crisis rather than rejecting it. Denial is one of the causes of solutions failing.  If Bankruptcy is the only option in solving the problem, then be prepared to consider this.

The process of paying debts down is a tough process, especially if you are in a tight budget due to unemployment or underemployment.  A vast majority of others have been able to find solutions to their problems much like yours without going into depression.  There are answers out there but you have to be willing to look for it.  Always remember, you are not the only one with this kind of problem.  There are others like you.

When this is behind you, commit to making small changes in your way of life.  It is financially unhealthy to bury yourself in debt even if you have a job.  Like I always say, credit cards are for emergency purposes only.  Pay cash as much as possible.  I once attended a class of why people who are unable to pay their debts slip into clinical depression and the instructor told us this very interesting phrase “Suicide is a permanent solution to a temporary problem”.   So don’t despair, there is help available as long as you are wiling to help yourself.  Feeling sorry for yourself will not get you out of the hole.

We have a new program where creditors and collectors are restrained from making contact with you while you are in our program.  They cannot call, write or even sue you.  This is the best program available and we are able to share it with Debt Aid Consulting clients.  We can put you in this program so you can have a lower monthly payment and shorter payment term.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt help company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 67

Q:  My tax preparer has been adding business losses to my return for the last 7 years so that I will get a refund instead of owing taxes even if I do not have a business.  The IRS audited me and now I owe $40K in taxes.  Is that my fault and do I have to pay the IRS?

A: Surely you can’t believe that you don’t owe the tax that has just been assessed to you.  I always tell folks that when you sign along the dotted line, you better know what you are signing or you may be in for a very big surprise.  In your case it is a $40K surprise!  You obviously knew you had no business losses so why was it that you agreed to include those in your return.  Also, you most likely knew that you owed taxes at the end of the year and did not question the refund.

From the point of the IRS you are responsible for the return regardless of who prepared it.  Most tax preparation firms will pay at least the penalty and interests if they made a mistake.  They will also pay the tax provided they are the ones who made the mistake.  If you withheld or did not provide the information needed to prepare a correct return then the back taxes, interests and penalties are yours to pay.

In your case, you perpetrated the fraud with the tax preparer.  It is a crime to intentionally defraud the federal government or state for that matter.  You took the tax payer’s money when you ended up with a refund rather than pay taxes.  Most people think this is not a crime, but it is.  If I were you, I would just start paying on it rather than fighting it.

Here are some tips from the IRS in order not to end up in trouble.

  • Check the person’s qualifications. Make sure they have the experience to prepare an accurate return for you, not what you want him to do.
  • Check the preparer’s history. Find out if this preparer has been in trouble from the government before.
  • Find out about their service fees. Avoid preparers who charge their fees from a percentage of your refund.
  • Ask if they offer electronic filing. It is the age of new technology.  Have them file it electronically.
  • Make sure the tax preparer is accessible. If you need some records from the preparer, you should be able to find them.
  • Provide all necessary documents to complete your return correctly. That is the key in filing a correct return.
  • Never sign a blank return. Don’t just sign a return and have them fill it out later.
  • Review the entire return before signing it. Always read before you sign.
  • Make sure the preparer signs the form and enters his tax identification number. This will protect you in case he makes a mistake.

Be careful as there are plenty of people who will claim they know what they are doing.  Don’t take their word for it when it comes to your tax returns.  Don’t mess with the IRS.

If you have tax problems we have a great program that can help correct errors and have you file the amendments to an erroneous return.  Fixing it is only the first step in putting order in you life when it comes to taxes.  We also have a new debt restructuring program that restraints collectors from harassing you.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt help company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 68

Q:  You and others have suggested that I should have an Emergency Fund.  Do you have some tips on how much and how I can start one?

A:  Since I was a kid, my parents always told me to “Save for a rainy day”.  The object of this is to put money away when times are good so that you will have money to spare when times are bad.  It does not make sense to put money away when times are bad since this is the time you will need to touch your emergency fund.

There are still plenty of us who do not have one despite what happened during the economic downturn.  People all of a sudden did not have any funds to go through with their lives.  We have to learn a lesson at sometime.

A good emergency fund is one of the concepts in having healthy financial security.  Most financial experts recommend three to six months supply of money but I think one year should be the threshold.  It will take some time for people to get accustomed to job loss or underemployment.  Most will continue their spending habits until they realize that there is no money coming in.  Be realistic.  Accept that it will take time before things go back to normal as it will also take time to find another job or for the economy to rebound.

Answer these questions so you find the necessity of starting an emergency fund.

  1. Why do I need an emergency fund? No matter how well you plan everything in life, bad things will happen from time to time.  And during these times everything will cost money.
  2. How much should I have in my emergency fund? I always recommend at least six months of the total monthly expenses.  But the more you have, the safer you are.
  3. Can I depend on credit cards for your emergency fund? Absolutely not!  This will create a bigger problem.  As I always say that using credit cards as a source of paying your bills when you are unemployed, only deepens the problem.
  4. What kind of account should I keep the emergency fund in? Do not keep this money in your checking account for this will get used up.  Keep it away from yourself in a savings account where money automatically goes in every month.
  5. How should I change my spending habits? You should change it by a lot.  Immediately find ways to cut spending.  If you have credit card bills and you have the money, pay them off.  You have no idea how long this crisis will last so try to keep as little debt at all times, if possible.
  6. How does a yard sale help? If you have a lot of unnecessary items at home that you need to get rid off, have a yard sale to get cash out of it.  Now that you some time to dedicate into clearing some unwanted items, turn them into cash to go to the emergency fund.

There is not one way to create an emergency fund for you and your family.  As long as you feel that you are safe, that feeling of security gives you a sound mind.

If you have severe credit card bills which prevents you from creating an emergency fund, give us a call so we can find ways to get rid of them sooner than later.  We can settle them for much less thanyou owe.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt solutions company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 69

Q:  Kuya Ben, what are the ways to make my money work for me?

A:  The best way to get money is to work for it, to earn it, to keep it and to make it work for you in order to get more money.  Plenty of times, people after having earned their money find more ways to spend it rather than keep it.  Suze Orman quotes “You must find as much enjoyment in saving money as much as spending money”.  I know this is hard.

Remember that there are two things that are certain in life.  That is taxes and death.  There will also come a time that no matter how much you would like to work, there will be none available for you unless you are self employed and can keep running it.  This is because you simple got old and this is a fact of life.  The older generation will be replaced by a new generation.

That is why it is when you are employable, it is very important to set money aside for the future when you can no longer work.  In order for your hard earned money to growyou must invest so it can gain proceeds.  Always remember that the proceeds of this investment will be the source of your income when you are no longer able to work.

Another way of keeping your money is to simply stay away from unsecured debts mostly credit cards.  Credit cards are a drain in your pocket.  Yes!  It will help you get through an emergency and that is the key word “Emergency”.  The use of credit cards other than for emergency use becomes an expensive way of financing the purchase.  This is especially if you are going to make monthly payments on it.  If you can’t buy it with cash, don’t buy it.  You can save up for it instead.

Always have an emergency fund.  This fund will mostly get you through sudden financial hardships.  Having a six month to a years worth of emergency fund consisting of a month’s total expenses is very important.  This is also a sign of financial stability.

Stay away from Payday loans.  This is not a good way in managing your money, mainly since you will be throwing your money away due to high interest and fees.  Most of the time people who take these types of loans are not able to pay it back.  Also, they find themselves in a deeper hole from where they were before they took out the loan.

Make sure you have a monthly budget and follow it.  It does not make sense to create a budget if you are not going to use it.  This budget must include the money that goes to savings and investments if they have not already been taken out from your net pay.  Make sure the money that you have allotted for your budget does not get spent on something else.  Always live within your means.

Maintain your vehicles.  One of the most expensive part of our daily lives is that one thing that helps us get to and from work.  It only makes sense to take care of them since when they break down, it usually costs a lot.  Most of us are surprised of the cost of the repair when we take our car in when something breaks down.  Keep it in good running condition.

No matter where you are in the world, money is an integral part of society.  It makes the world go round.

If you have severe credit card bills which prevents you from having your money take care of you, give us a call so we can find ways to get rid of them sooner than later.  We can settle them for much less than you owe.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt solutions company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 70

Q:  Ben, should I or should I not pay off my mortgage early?

A:  The answer is yes, if you can.  If you can retire with a paid off house, you will need less money per month that you will need to pull out of your IRA(Individual Retirement Fund).  This money that you will need to pull out will be taxable to you come tax filing time.

To others, the tax deduction benefits attached if you are still paying a mortgage seems very inviting but be cautious.  Bank charges most of the interests in the beginning of the term of your loan rather than later.  If you calculate the interests and property taxes upon your retirement may not amount to much.  This is because you are mainly paying for the principal of your home.  Most of the interests that was available for you to deduct was already taken before you retired which is a good thing since that was the time you were making more.

Here are some reasons why people end up putting off paying the mortgage in full:

  • If you do not have much in your emergency fund mainly because it keeps getting overlooked or it just keeps getting used for something else other than an emergency.
  • If you carry much of other debt in unsecured loans like credit cards, lines of credit etc.
  • If you are trapped in an interest game of ups and downs. You’re home can only gain so much.  If you keep taking out loans from you’re home and are watching the interests spiral out of control, you must ask yourself, “When am I going to be able to pay this house off”?
  • Any extra money made can be put to use with other expenses other than the house. It is hard to imagine what people are thinking of.  They find more places or ways to spend the money other than save it.
  • Would the money be better in investments? People loose their life savings in investments especially if they invest in the wrong place.  Investments depend on good economics.   Your house is an investment in itself so why not pay it off?

I myself do not sleep very well at night knowing I owe other people or institutions money.  This actually is not a bad thing.  I like to own what ever it is that I want to buy.  I always tell myself that if I do not have the money to buy something, then I won’t buy it.  On the contrary others feel that owning it now and paying on a month to month seems like a better way.  I have always explained this to clients that having too many recurring expenses every month is a bad thing.  You do not own what you bought until you actually pay it off.

With your house being paid off, you will have emotional well being.  The anxiety of having an unpaid home upon retirement when some financial difficulty arises, will give you ulcers and insomnia.  Having a paid off home lowers your risks and gives financial stability and sensibility.

If you have severe credit card bills which prevent you from paying off your mortgage, give us a call so we can find ways to get rid of them sooner than later.  We can settle them for much less than you owe.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt solutions company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 71

Q:  Ben, Is it better to buy a condo than a house?

A:  The answer is it depends on your situation.  Remember that when you purchase a condo or a townhome, there are going to be association fees involved that has to be paid every month.  The other good thing about condos is that the association takes care of any external maintenance on the building.  When you purchase a house, you have to do and pay for everything yourself unless you pay someone to do things for you.

This is why it totally depends on your situation.  Let’s assess the different obvious items that may or may not be so inviting for a condo versus a home.

For Townhome/Condos:

  • Not much of external maintenance but you have to pay monthly association dues which go up mostly every 2 years
  • You can hear neighbors through walls.
  • May or may not have pets but limited in size
  • Lower utility bills(Most Townhomes/condos have water and trash included in the association fees)
  • Slow to appreciate in price
  • Cannot make external changes to suit your desire
  • Sometimes harder to sell

For houses:

  • The home is yours, so any repairs both external and internal are yours too
  • Yardwork
  • Not have to worry about hearing neighbors through the walls
  • Can have any pet
  • Do any kind of landscaping
  • Remodel without approval
  • Appreciate in price faster

Having gone through these items, you must consider your needs versus the wants of course and what you can afford.  I am not sure it is the ”which is better” that is important but instead, where will you be content.  Also, there is the question of which loan will you be likely approved for depending on your Fico Score and down payment.

Another factor is if you have extensive unsecured debts that you have to worry about,  you may not be approved.

If you have severe credit card bills which prevent you from buying a home, give us a call so we can find ways to get rid of them sooner than later.  We can settle them for much less than you owe, put you in credit repair so you can afford buy your home.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt solutions company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 72

Q:  When I left the Philippines in 1980, the exchange rate was $1 USD to P8 Philippine Peso.  Now it is running at $1USD to P45 Philippine Peso.  What causes this?

A:  For one, inflation plays a big role in the increase in exchange rate.  Next there is also the devaluation of the Philippine currency due to negative economic reasons.  Although the country’s account deficit which is also termed as surpluses may go down, this is only an effect of a struggling economy.  It is not the cause of the devalualtion.  We can address the causes separately.

  • Relative Product Prices – If a country sells its goods relatively low or cheap, other countries will take advantage and buy their goods. They will need to buy that country’s currency in order to buy the goods.  This will make the currency strong for that country.
  • Monetary Policies – If a country is very loose in releasing the supply of money, the value will tend to go down. If they are very tight in releasing money, the value tends to go up.  So, if a country’s central bank keeps flooding their economy with money while the other countries they are trading with do not, the value of the their money will keep going down while their partners will keep going up.
  • Inflation – When the price levels of a country goes up, the citizens of that country will tend to buy cheaper products that come from another country. With this, the monetary value of their currency will depreciate.
  • Local Income Changes – When the household income goes up significantly for a country, there will be an increase of purchasing ability. Greater domestic income is associated with with an increased consumption of imported goods.  When they have to import goods to supply the demand, the country supplying the goods currency will tend to appreciate.
  • Government Debt – The amount of government debt will also control the value of their currency. If markets fear that the government will default with their debts, the investors will sell their bonds and cause the value of their currency to go down.

Kaya po minsan when I hear people complaining na mababa ang palit, I know they do not know that the prices they are paying for are getting higher.  They want the exchange rate to get higher and higher, not realizing what this is doing to the Philippine economy.

People will put their immediate needs ahead of the country’s mainly because they do not get much of benefit from the government.  When the government is poor like that of third world countries and there are very little as far as health and infrastructure benefits for the citizens, people tend to go elsewhere to get those benefits even as to earning little in a another country just so they can remit money every month to their loved ones.

If you have severe credit card debts, give us a call so we can find ways to get rid of them sooner than later.  We can settle them for much less than you owe, put you in a credit repair program so you can start your financial recovery.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt solutions company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 73

Q:  Why do credit card companies sue and when you should expect it when you stop paying?

A:  The woes of credit card problems.  It is not a big problem until you stop paying or start missing payments.  Even just the sight of how much you owe can give you a headache, knowing that you are in an endless process of trying to pay it off especially if making minimum payments.

This is what happens when you stop paying your credit cards.

  • 30 days past due-You mostly get a slap on the wrist with a penalty and a late charge. Some companies do not even report a 30 day late payment.
  • 60 days past due-When you missed payment for 2 months, the credit card company will raise the interest to the maximum allowed by the agreement and more late fees and penalties will apply.
  • 90 days past due-When you have missed payment for 3 months, it becomes an impossible task because they have tagged on more late fees, interest are sky high and the principal due will be 3 times.
  • 120 days past due-At this point you already know that you will not be making payments on this debt and more interests and penalties are accrued. The credit card company may decide to charge off the account or send it to a third party collector.

So when does it get better?  Not yet!  They may decide to sue you for the balance owed (Statutes of limitation vary from the state you are in).  This actually gets worst.  If there is a co-signer on the account, they may go after this person.  Remember that a co-signer guarantees payment of the loan whether you or they were the one’s who used the credit card.

If they decide to sue you, a judgement will mostly carry the principal amount, interests, penalties, court costs and attorney fees.  A judgement that can be imposed also vary on the state you are in.  A judgement against you can yield into a wage garnishment, a bank levy or a lien on real property.

If there are mitigating factors as to why you have not been making your payments such as job loss, extreme hardship, disability etc.,you may bring this up but these does not release you from the liability.  The credit card companies will still want their money.

The most common defenses that people have against a credit card lawsuit is denying the statements of the complaint by arguing that they are untrue.  These denials are typically a question of whether something is true or not.  You should also bring up facts or affirmative defenses that merits your case i.e. the debt is more that 4 years old.

Whatever the case, I would not ask anyone to go to court unprepared or without counsel.  Most people will just not show up and this is the worst thing you can do because you automatically get a judgement.  And by not showing, you have given up any control of the outcome of your case.

If you have severe credit card problems and have received a summons for a lawsuit filed by the credit card company of third party collector, we have attorney partners who can address this issue.

We also have a new program where the creditors and collectors are restraint from contacting you while you are in are program.  They are even restraint from suing you.

 

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt solutions company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 74

Q:  Why are you against call centers in different countries, mainly in the Philippines?

A:  Let me start by saying I have nothing against call centers wherever they may be.  My issue is that when it starts interfering with the economic growth of a nation, there is a conflict of interests.

To others, it seems like an acceptable trade if their relatives have a job in the old country especially in the Philippines.  Yes, in the Philippines, because I am Filipino.  The issue with this is that I live in the US now and daily I hear the problems that people are having in finding work.

Many clients call me crying because they cannot find work or it is their children who cannot find work.  They are not able to pay their student loans where they had to go to a four year college and can’t even find a job answering calls at a call center here if they could even find one to apply to.  If you have children going through this dilemma, you know what I speak of.  If you have no children yet and are planning to have some one day, you may have no concept of what I speak of but you will find out someday.  If the US continuously outsource jobs, there will be less work available for the citizens of this country.

The only advantage of outsourcing jobs is that it keeps US companies be more competitive in the global marketplace by keeping costs down.  The down side is that unemployment tends to be high because of it.  The result is if the US government was to restrict the outsourcing of US jobs like call centers, then those companies are more likely to leave the US and operate in a different country where they would be more welcome.

As of now there are talks in Washington where legislators would pass a law that would punish American Corporations for offshoring their telephone call centers making such companies ineligible for grants and loans from the Federal government.  Outsourcing may be one of the biggest scourges of the US economy and the country is struggling to keep unemployment down because of it.

When people are unemployed, they cannot pay their bills and their debts.  They turn to programs such as the ones I offer but the programs can only do so much.  There has to be light at the end of the tunnel or people will eventually just give up.  When you have too many people who are about to become homeless and hungry, there will be civil unrest like what happened in Greece in the last couple of years.  There were no jobs and the government had no money to help its citizens.  I would hate for that to happen here.

If people can think outside the box and see what the result has been for moving these call centers abroad and what more it will do for our children’s future, then the attitude would be different.

Young people often walk up to me and tell me they are having difficulty finding a job because the employers are asking for experience.  How can you get experience if no one is willing to hire you fresh out of college.  I’d hate to say that the jobs have been shipped out of the US.  If you want experience, you need to go to another country to get it.

Debt Aid Consulting does not use any call centers.  We are in the US and Canada.  Call centers outside these two countries contribute to the high unemployment and the hardships of people to find work.  Keep the jobs here and someone will be willing to do it.  Some of my competitors use call centers and that is why we should be vigilant to ask what country the person we are speaking to is and should choose a company that does not ship jobs out of country.

So!  If you are out of work because your job has been shipped to another country and you cannot pay your credit card debts, call us at Debt Aid Consulting.  We have different programs which can help even clients with Payday loans.

We also have a new program where the creditors and collectors are restraint from contacting you while you are in are program.  They are even restraint from suing you.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 75

Q:  Is it possible for me to settle my own credit card debts?

A:  Yes, it is possible although I would always like to leave it to the professionals if you don’t want to be harassed by collectors.  There is a protocol that banks use in order to pursue collections on a delinquent debt.  It is neither as simple or as complicated as others explain but it is time consuming.  It takes time dealing with different creditors and collectors, and sometimes even attorneys.  Others get intimidated by this so they leave it to the professionals like debt settlement companies.

In most cases, debt settlement companies settle debts in bulk which gives them an advantage because they can substantially settle your debts a lot less than if you were to talk to the collectors yourself.

Some also think that their credit score will not be negatively affected if they settle the credit card debts themselves rather than have the debt settlement companies do it.  This is a wrong mentality.  Some think they can twist the arm of the collector into not reporting any negative reports on your credit report because you are settling your debts yourself.  The credit scores will be negatively affected even if you have your parish priest settle your credit cards for you.  If you are already having problems paying your credit cards, this is inevitable.  You may try to prevent it but will only fail unless your luck changes drastically.

If you really want to settle the credit card debts yourself, you must prepare yourself with a long arm wrestling match with the collector who you will be working with.  Try to pick one collector so that you will not have to talk to different people everytime.

Try to get the lowest amount for every dollar you owe.  The sad thing with this is that in order to get the best bargain you have to settle the debt in lump.  You cannot make payments to settle your debt and still come out like you scored a deal.  Before you make any payment you must get everything you ask for in writing.  If they do not want to send it to you in writing, don’t give in.  You have more to loose if you do.

Next, always send the payment via a money order or a cashier’s check so they do not know where you bank or your account number.  This prevents them from trying to get more money from you.  On the check you must write down that cashing the check will be a full settlement of the account number XXXXXXX.

You must also tell them that you want it to appear on your credit report that it is paid in full rather than settled in full.  Again, you might have to arm wrestle with the collector about this but this has to be an item on your list of demands before you pay.  After all, you have their money and you are willing to pay back some of it.

if you are working with a collector who has purchased your debt from the original creditor, you will want a letter from both of them that you no longer owe the money to either one.

Last on your list you must tell them that you want a letter stating that none of the discounts will be charged to you on a 1099.

So!  If you are having problems with paying your credit card debts, call us at Debt Aid Consulting.  We have different programs which can help even clients with Payday loans.

We also have a new program where the creditors and collectors are restraint from contacting you while you are in are program.  They are even restraint from suing you.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 76

Q:  What are the ways to keep debt collectors away?

A:  This is a funny question.  I would like to say that if you pay your debts on time would be the best way to keep debt collectors away.  But, I know what it is that you refer to when you ask this question.

In most cases people who are not able to pay their debts are riddled with never ending phone calls, threatening letters and even lawsuits from collectors.  Even clients who enroll in what other companies call debt resolution programs have to suffer these ordeals.  The only thing these program providers tell their clients is to not answer the phone calls so they do not endure the threats.  Imagine if you have 5 credit cards enrolled in their program and collectors from each call 10 times a day, you are looking at 50 calls a day, daily from debt collectors.   You won’t last a week!

Then you can add the threatening letters that you would be receiving every day from the creditors and debt collectors.  Shortly after not responding to the calls and letters, you will receive threats and messages of legal action and lawsuits being filed against you.

When you call these companies that enrolled you in their program, what do they tell you?  It’s either we are just a marketing company or please call the service provider because we do not have your record here.  How can you feel good about the program you just entered?  They almost have no answers to your questions.  And how can you last 2, 3 or 4 years in their program?  Also, most of these marketing companies only have one program for all clients so if you have accounts that have turned legal or federal credit unions or even payday loans, they won’t be able to help you.

I have the answer for you!  I have the best program created for clients with debt problems.  I know because the program was designed according to my specifications.   No one else has this program and will never have it because it was created for me.  I gathered all the complaints a client has even after entering other company’s programs and designed a program that would address their fears and anxieties.  Thus came about the Debt Aid Consulting debt restructuring program.

In this program clients cannot be bothered by phone calls, threatening letters and lawsuits(Summons).  We also take accounts in legal status like summons, garnishments, federal credit unions, military accounts like Military Star, USAA and payday loans whether in third party collections or not.

Next, we combine the best program with the best service.  We can tell you what is happening with your account at any given time.  Not like what other companies do is to tell you to call the service providers.

The owners of other companies do not even know that some of their employees have reached out to us for employment due to their declining calls and sales.  We do not hire people who came from the same industry.  We want employees who have finance backgrounds both in the US and Canada, then we mold them to the culture of our company.  That’s the way we do it to ensure client satisfaction and success.

So!  If you are having problems with paying your credit card debts, call us at Debt Aid Consulting.  We have a program for every debt problem there is, even clients with Payday loans.

We also have a new program where the creditors and collectors are restraint from contacting you while you are in are program.  They are even restraint from suing you.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 77

Q:  Ben, I received a judgement from an unpaid debt then enrolled in a debt settlement program but I did not tell them about it.  Now I received a wage garnishment order and they are having difficulty.  What can I do?

A:  I would like to answer this question with a question.  Will you tell a doctor that your foot hurts if it is your head that hurts?  It is important to tell the truth when there is an existing problem.  How do we expect the right diagnosis to come out if we are not truthful in our answers?  The recommendations from anyone will rest mostly on where your ailments are coming from.  A doctor cannot guess that it should be your head that should be hurting if there are no other signs that it should be.  Most especially if you complain about pain in your foot.

Before going into a program, you should have received multiple messages and letters stating that your creditor is about to sue you.  Also, the last letter you would have received would we a validation letter asking you to dispute the debt within 30 days if the debt is not yours.  You should have acted then and entered into a program.  Plus tell the truth when entering the program.  Then they can take the necessary steps to prevent the lawsuit from taking place if it is still possible.

Getting into a program when things are at their worst inflicts severe hardship not only on you but also to the company or persons trying to help you.  Most people think that because they are in a program, they are protected from such actions.  Unfortunately, such is not the case.  You will be the only person who will suffer most from this because it is your wages that will be garnished.  And when you find out that the hands of the people who are supposed to help are tied, then you most likely will drop out of the program unsatisfied and unhappy.

Sometimes I do not understand why people do this to themselves.  First, let problems get to its worst before asking for help.  Then, lie about it so that they don’t get the proper help.

So!  If you are having problems with paying your credit card debts, call us at Debt Aid Consulting.  We have a program for every debt problem there is, even clients with Payday loans.

We also have a new program where the creditors and collectors are restraint from contacting you while you are in are program.  They are even restraint from suing you.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 78

Q:  I just filed bankruptcy 2 years ago and now I find myself in a debt hole again and I am having a hard time getting out.  Why is this happening to me?

A:  When people take the easy way out of paying their debts such as filing bankruptcy, they do not necessarily learn a lesson in life.  Correction, I guess they do learn a lesson and that lesson is the way out of debts is to file bankruptcy.  This is really the wrong lesson learned.  Bankruptcy is a serious choice especially if you look at the negative effects you will suffer.

Let’s look at some items why bankruptcy should be a tough sell.

  • Bankruptcy will ruin your credit for up to seven years and sometimes more. Filing bankruptcy will release you from paying your unsecured debts like credit cards which will show in your credit report for a minimum of seven years.  The most critical effect will be the drop of your FICO score which represents your credit worthiness.  It will be extremely difficult to secure any unsecured debt and will most probably end up owing monies to payday loan retail stores.  In some job applications, they ask if you ever filed bankruptcy and you will have to answer truthfully.
  • You may have to sell your luxury items if you own some in order to help settle some of your debts. Since part of filing bankruptcy involves listing your assets and it is a criminal offense to not list them all.
  • You will loose your credit cards. Do you remember how hard it was when you did not have any?  Well, you are going back there.  You cannot make hotel reservations, rent a car and more.   If you have emergencies that need the use of a credit card, you will be helpless.
  • You cannot file again for six years or more depending on where you are.
  • Not all kinds of unsecured debts can be included in bankruptcy such as student loans, IRS debts, spousal support and child support are not included.
  • This is public record which means any person who would like to find out if you haveever filed bankruptcy can.
  • By filing bankruptcy, you have just admitted full defeat and have confessed to the world that you do not know how to handle your finances.
  • Bankruptcy will get you out of your hole but this affects others who are paying their debts because this is why interests go up so that banks can make up their loss from you.

At any rate, there are solutions for your debt problems other than bankruptcy.  Let me help you not become part of statistics.

So!  If you are having problems with paying your credit card debts or other unsecured debts, call us at Debt Aid Consulting.  We have a program for every debt problem there is, even clients with Payday loans.

We also have a new program where the creditors and collectors are restraint from contacting you while you are in are program.  They are even restraint from suing you.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 79

Q:  How does credit card debt snowball out of control when you used to pay bills when unemployed?

A:  When you are unemployed the first thing you should do is to restrict your spending.  On the contrary, for others they do the opposite.  They start charging everything on their credit cards in order to preserve the cash in hand.  It may seem like a good idea, and a solid one if you only look only at what is visible.  But what does this really do?This is not buying time but instead you are borrowing time.  You are borrowing time that you may not have.  Statistics say that it takes about one year to find a new job for most average jobs.  So if you’re going to be out of work that long, how much debt would you accumulate if you started charging everything?  It all depends on your monthly expenses.

For some their expenses involve mortgage payments.  People with high monthly household overhead try to get through the hard times by using their credit cards.  Unfortunately, this does not result in anything good.  They start using one credit card until it is maxed out and then use another credit card to take cash and pay the minimum monthly payments on the maxed out cards and so on.  This is called robbing Peter to pay Paul.Unfortunately the credit card companies became smart and run inquiries from time to time especially if they notice unusual increase in charges.  Then the bank can stop the credit cards from being used.  When this happens the person using the credit cards become trapped in an endless web of problems that becomes hard to get out of and has no way of paying.  Usually in the end the clients endup filing bankruptcy or get sued by creditors for non payment.

This is the reason why I always say put money away for a rainy day.  Having funds enough to last for six months to a year can help you get through tough times.  And if you start spending wisely if you are unemployed, you can make it last longer.  Be smart with your money.  You will find that mostly relatives are the ones who will help out, not friends.  They have their own problems to deal with.

So if you are having problems dealing with credit card debts, call us at Debt Aid Consulting.  I have programs that can get you out of debt sooner than later.  And our new program restraints creditors and collectors from harassing you while in our program.  We can help even with payday loans.

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 80

Q:  I am petitioning for my children in the Philippines but I am buried in credit card debt.  Will enrolling in a debt program affect the petition?

A:  The best person to answer this question is an immigration attorney.  My opinion is that it should not.  The immigration agency is not a collection agency.  You need to have valid employment in order to provide an affidavit of support.  An affidavit of support is a sworn statement that the person or persons you are bringing here will not depend on the government for financial assistance.  You must provide for them if they are not financially stable.  They do not ask you for a credit report and ask how much you owe.  Again, this is my opinion and should not be considered as legal advice.

With regards to being buried in credit card debt, I can give you good advice.  Before your children are able to come over, it is very important to put your finances in order.  How can you help your children upon their arrival if your finances are in shambles?  Get yourfinances in order before they arrive and they will be more thankful rather than seeing you in severe hardship of paying your debts just to be discouraged that life here is worst than being in the Philippines.

The first step in becoming debt free is by calling Debt Aid Consulting.  We have many programs and can help clients with different sorts of unsecured debt problems.  We can help with credit card, federal credit unions, summons, military debts, payday loans and most unsecured debts.  We will enroll you in program that best suites you and be done with your debtssooner than later.  And our new program restraints creditors and collectors from harassing you while in our program.  They cannot call you, write to you or even sue you.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies have only one program and will try to enroll you in that program whether it fits your or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 81

Q:  I am getting close to retirement age and I feel that I am financially inadequate.  What tips do you have for me?

A:  The key to happiness depends on our individual wants and needs, together with our accomplishments.  This is for our individual happiness.  But does it make us happy as a whole?  Maybe yes and maybe not.

Every individual has different combination of wants and needs to achieve happiness.  Each person has a different degree or threshold of happiness.  One of these is financial happiness.  But what does financial happiness really mean?  Does it mean being a millionaire?  Or, does it mean just having enough to get by?  Does it mean living in a mansion?  Or, does it mean living in a small paid off home?  These questions belong to the beholder.

I have heard of horror stories of a regular person who was blessed with winning the lottery but despite having the millions of dollars in winnings, their lives became more miserable and wished they never won.  It became a very overwhelming experience.  Mainly they had no idea where to start and became more worried of loosing the money rather than finding out what to do with it.

Here are some tips in order to find financial happiness:

  • Is the purchase you are making a want or a need? Always ask yourself when you buy something if what you are buying is a want or a need.  Even if you have money to spare or if you are going to use credit cards, is the purchase a want or a need?  Remember that you still should have an emergency fund and no credit card debts to have financial freedom.
  • Are you living within your means? Are you buried in credit card debt?  Do you have spending habits that exceed your income?  Do you a gambling habit?  These are just some questions needed to ask why you would have any money saved or why you are in debt.
  • Do you find reasons in order to spend money? I would suggest to find as much satisfaction in saving money as you do spending.  When you ask yourself if the purchase is a need or a want, and end up not buying it because it is a want, and find happiness in not spending that money.  You have just set yourself free.

Follow these tips and gain financial happiness.  Financial happiness contributes to ones happiness.  Being debt free is also a key to being financially happy.

If you have severe credit card debts, give us a call so we can find ways to get rid of them sooner than later.  We can settle them for much less than you owe, put you in a credit repair program so you can start your financial recovery and financial happiness.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies have only one program and will try to enroll you in that program whether it fits your or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 82

Q:  My car was repossessed and sold by the finance company when I stopped paying for it.  I just received a summons for the difference in the sale price and my loan amount.  Can you still help me?

A:  A client came to my office the other day complaining about a summons he received from the finance company.  This is his story and reasoning behind the events.

He bought a brand new car and after one year of paying for it he felt that he was paying too much and was not able to save any money so he stopped his monthly payments.  After a few months of missed payments the finance company repossessed the vehicle and he willingly gave it back.  They then sold it and sent him a bill for the difference of the sale price of the vehicle and his loan amount.  After multiple calls and demand letters from the finance company he decided he is better off ignoring them.  Having ignored them for close to a year, he then received a court summons where they are claiming much more now than they had originally billed him.  He came to me asking me for my advice regarding the summons.  This is what I told him.

For all its worth, when you were buying the vehicle, did you consider that you had to pay it in multiple years, mostly 5 years(60 months)?  This is called buyer’s remorse.  When you first saw the vehicle, you fell in love with it and disregarded any short term plans or goals you may have.  After one year of having used the vehicle, you now feel it is too much for you but did not consider that during the time of purchase.  Why do you feel that the finance company should be the one to suffer the monetary losses of your not thinking ahead?  Do you feel it is fair to them?  After all you are the one changing your mind, not them.  The finance company only approved the loan based on your ability to pay and your credit history.  If you were a risk, they would not have financed your vehicle.  In other words, the loan was approved in good faith that you will pay back the loan for the vehicle plus the interests due.  This is how finance companies make their money.  It is a a business and a business has to make money in order to survive and pay their overhead.  By not paying, they will be looking at a loss from your loan and they will find all legal possible means to collect including suing you.

During our conversation, I brought him back to the time that he felt buyer’s remorse and was seriously contemplating stopping his monthly payments.  During this time, he had some options in order to get rid of the vehicle without adversely affecting his credit or putting himself in harms way.  First, he can sell the vehicle to someone who may be interested in taking over the payments like a relative.  Second, he can sell the vehicle to a third party and pay the difference in the loss due to depreciation.  This would eliminate his liability towards the vehicle at a minimal cost.   By having the car repossessed and sold by the finance company, fees have to be added like the towing, tow yard parking and the selling costs for the vehicle.  You will be charged for a ll these costs.

I then asked him if he would shoot himself in the foot to which he replied no.  Well, I said, this what you just did having let this matter get to this much trouble.

Nevertheless, I have attorneys who will deal with the summons so you do not have to deal with it.  We can settle the debt for much less than you owe so you do not have to endure the entire amount they are asking for.  Our programs are the best there are in the market.  And our new program restraints creditors and collectors from harassing you while in our program.  They cannot call you, write to you or even sue you.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies have only one program and will try to enroll you in that program whether it fits your or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 83

Q:  I heard an adviser on TV who claims to be a financial expert say that we should talk to debt collectors if we are having trouble paying our credit cards.  Is this truly the right approach?

A:  I have mentioned before that there will be some experts on TV who will claim a lot of things but could not follow through.  We can easily ask them where and when they worked in the financial sector but they will avoid to answer the question.  Most of the advice sometimes really does not make any sense.  I heard it too and I myself is a little puzzled that someone would give such misleading advice.  I am Ben Lou with 30 years of real financial experience and can be backed up by different employers both from private and public sectors.  Most spokes persons for marketing companies will, of course, want themselves to be believable and will try to talk the talk but sometimes without substance.

Debt Aid Consulting is a consulting company designed to help people who are in need of assistance with their unsecured debts.  This is what we do and we are good at it.  This is also the reason why we are the first and only Filipino debt restructuring company to be incorporated in the US and Canada.  Unlike marketing companies, we do not flood our clients with multiple phone calls and endless emails just so we can close the deal.  The client picks us simply because we have the right answer to their debt problems with no pressure whatsoever.

Let’s get to the question regarding talking to collectors when you are having challenges paying your unsecured debts.  This is very confusing to me because when you enroll with these marketing companies who at most times only have one program, they immediately advice their clientsnot to speak to the collectors as a start to their program.  And yet this marketer is saying on TV to talk to debt collectors and tell them that you are having hardship.  This can probably work one time but at some point the collectors will want some payment.  After all that is the reason they are employed with that company as a collector.  If they are to fall for everyone’s sad story, the company they are working for will fold.  There will be some pressure on the client to start paying some money that will suffice the bank or the financing company.  I have never heard of a situation where a collector would say, “Yes, Pay us when you can!  Don’t worry, we’re all good”!  If you truly assess the situation, you are stressed and afraid of the position you are in.  Do you really feel that confronting the debt collector would be the right approach?  It just does not make sense why someone would give such advice but it appears lack of financial experience is the reason.

At Debt Aid Consulting, our clients do not have to worry about talking to collectors because I developed a program partnered with the best attorneys in the US to restraint collectors from contacting the client, whether by phone, collection letters and by legal means.  Debt Aid Consulting is the only Filipino debt restructuring company who can provide this to our clients.  I personally worry when my clients face a very distressing situation.  At Debt Aid Consulting, we do not leave clients to set out dry.  Marketing companies tell their clients with questions or requests to call the service provider because they are only a marketing companyandthey are not the program providers.  Debt Aid Consulting, a consulting company can provide clients with answers to their questions in real time and can process their requests to us or to their attorneys in charge.  At Debt Aid Consulting, you need not worry about collectors.  We’ll take care of them for you.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies have only one program and will try to enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 84

Q:  I received a letter in the mail saying I was sued by one of my creditors who I haven’t paid for sometime.  The thing is I have not received anything from the courts.  Could this be real?

A: There are a few questions that need to be answered first before we can determine if the information in the letter is genuine.

  • Have you moved in the last six months where the creditors don’t know where to get a hold of you?
  • How long has it been since you last paid on the debt in question?
  • Did the letter come from the correct creditor or debt collector?

 

I am going to touch onto every bullet so that you may understand the position you are in.  If you have recently moved, they may be trying to serve you court papers but cannot find you.  If they are not successful in serving you the court papers personally, they will proceed with service by publication.  Service by publication means serving a summons or other legal document in a lawsuit by publishing the document in an advertisement in a newspaper of general circulation.  In most cases, the documents must be posted for 30 days.  After the 30 days is up, consider yourself served whether you read it or not.

If you have not paid your credit card debts for about 6 months or more, there is a possibility that the account has turned legal and they have sent multiple warning letters to that effect.  The collection attorneys normally give you 30 days to dispute the validity of the debt.  If you don’t then the debt is valid and they can move forward with a lawsuit.

The third bullet is relates to whether you know who is collecting from you at this point.  Until we see the letters you should have been receiving or go over your credit report, we cannot pinpoint who you owe the debt to anymore.  There are debt buyers in the market who are sue happy and would like to get a judgment against you immediately so they can collect from you by wage garnishment, bank levy or real property liens.

And what’s not in the bullets, it could be a marketing company trying their scary tactics on you in order to get your business.  This is one of the lowest gimmicks from marketing companies who dwell on your fears in order to make money from you.  They do not care that you are scared enough or are in severe hardship.  By sending these marketing letters, they really add to the dilemma you’re in.

At Debt Aid Consulting, we take care of the collectors for you.  You need not even bother with them.  That is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

At Debt Aid Consulting, our objective to see our clients through their program.  We want our clients to graduate while they have peace of mind.  After graduation, we have them go through credit repair so that they may have a new beginning with regards to their credit.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies have only one program and will try to enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 85

Q:  A debt collector called me and said he was also a policeman and that he was coming to arrest me.  Can they really do that?

A:  This is most probably a collector for a payday loan company.   You’re lucky you did not receive a warrant of arrest via email.  A client called me crying, scared cause she received a warrant of arrest from a payday loan collector and told her he was coming to arrest her.  I told her to forward the email to me and found out these were all fakes.  Then she was able to breathe.

Payday loan collectors are the worst of the worst.  They do not follow any rules, period! Their methods are to intimidate the client into paying.  They have no compassion and are heartless in their collection tactics.   So if you are a client falling behind in your payments, beware!  You are not off the hook that easy.

These collectors call at all hours of the day and night.  They call in the early hours of the morning while you are asleep.  They call your work.  They will tell your supervisor or manager that you owe them money and are not paying your debts.  They will call your relatives and references and talk bad about you.  They also don’t say who they are.  Some of them even sue their non paying clients.

This is a major violation and considered to be collection harassment.  The problem is that most of their clients have bad credit, don’t know their consumer rights and are mostly not able to pay their debts and that is for the same reason they turn to borrowing money from payday loan companies.  They have no way being approved for the regular conventional loans that other people are able to get.   These companies loan money to clients at about 500% interests APR.  It is almost impossible to pay it off.  Most clients pay the loan after payday and end up taking a new loan again because the payment left them broke.  They get caught in this vicious cycle that they cannot get out of.  It just repeats itself every payday.

Here is a list of “Collection Harassments” as defined by the law.

  • Repetitious phone calls that are intended to annoy, abuse or harass you or any person answering the phone
  • Obscene or profane language
  • Threats of violence or harm
  • Publicly publishing lists of people who are not able to pay their debts
  • Calling without saying who they are
  • Calling your place of employment

At Debt Aid Consulting, we take care of the collectors for you.  We take Payday loans in our program too.  You need not even bother with them.  That is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

At Debt Aid Consulting, our objective to see our clients through their program.  We want our clients to graduate while they have peace of mind.  After graduation, we have them go through credit repair so that they may have a new beginning with regards to their credit.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies have only one program and will try to enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 86

Q:  I am on a work visa and I only have one year left.  What can I do about the unsecured debts I incurred when I don’t have enough time to pay it off?

A:  In most cases, the person here is not the one who created the debt problem but they are the ones who has to deal with it since they used it to either get cash out or send items back to the Philippines.  You are not alone when it comes to this problem.  There are many Filipinos in this country on work visa who are in the same ordeal.

The truth when you ask them is that they did not take out the money from the credit cards to spend the money.  Mainly, it is to send it back to the Philippines.  There are a thousand reasons why our loved ones from the Philippines ask for money.  And what they told me is scary.  The relatives from back home will not stop calling them until they send the money.  This is as bad a debt collector.  The only difference is you know who is calling you so it is harder to defer them.  We have heard this problem before but the person here has to deal with it.

Now let’s talk about whatwill happen here in a year.  This person on work visa is facing a big challenge.  She has spoiled the people in the Philippines about sending money every time they cry.  These are the items you are facing in the next year before going back home:

  • You have to finish paying off the debts you have incurred in one year
  • You still need to send money every month or they will not stop calling
  • You need to have money when you leave to return back home
  • You will need to buy presents for loved ones when you leave
  • You have to buy a one way airline ticket which will be more expensive

Can you achieve all these in the year you have left?  I am not sure we can be optimistic but I can help.

First, you need to start thinking about yourself.  If you leave your debts unpaid, the chances of coming back is going to be slimmer.  Since you have been here before, the likeliness of being able to return is better.  One more issue is that banks now have ways of finding out where you are in other countries and they will find a debt collector to collect from you.  And how will you pay if you have no job, no money and want to come back here?  So let’s not blow that.

Let’s address the problems one at a time.  You have to tell everyone and I mean everyone that you cannot send the same amount of money anymore.  Tell them the truth, that you are severely in debt and you need to get out of that hole.  You can only send a minimal amount every month and they have to make that work.  Start putting money aside for your airfare and some pocket money.  They may disagree with you about your plans but it will all be better when you show up with money when you go back home.

Let’s get the debts in my program as soon as possible so we can settle them for much less than you owe.  With the amount of time given us, we are in a crunch and time is not on our side.  This problem did not happen overnight and we are only given a year to take care of it.

At Debt Aid Consulting, our objective to see our clients through their program.  We want our clients to graduate while having peace of mind.  After graduation, we have them go through credit repair so that they may have a new beginning with regards to their credit.

At Debt Aid Consulting, we take care of the collectors for you.  You need not even bother with them.  We take Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 87

Q:  How are you able to provide the best programs and services in the debt services market?

A:  The culture at Debt Aid Consulting is always “To help”.  We are a consulting company.  Unlike marketing companies, we do not have quotas.  We also do not worry about conversion rates.  Our clients are happy because we do not flood them with numerous emails and endless phone calls just so we can close the deal.  Our clients pick us because our service is exemplary.  We provide our clients with a wide array of the best services in debt management in order to restructure their debts accordingly and address all their issues from the very beginning.

Most marketing companies have only one product and they stick every client in that program whether that is the right one or not.  And once the client is enrolled, they tell the client that they have to speak to the servicing company from then on.

From the very beginning of Debt Aid Consulting, our goal has been to provide the best services to every client who calls with unsecured debt problems.  To help each and every one with debts from $2,000 up to more than $100,000.  We also take pride that we are ableto take accounts with Federal Credit Unions, summons, payday loans and military debts.  We continuously work hand in hand with our attorney partners who are the best in the market to build new products that will safeguard the clients while they are in our programs.

Debt Aid Consulting is the first and only Filipino debt restructuring company to be incorporated in the US and Canada.  Others have tried to penetrate the Filipino-Canadian market by illegally advertising in Filipino TV networks that they were allowed to sell their services in Canada without forming a corporation.  This was quickly ended by Ben Lou, President and CEO of Debt Aid Consulting.  Once they got word that Ben Lou was going to report these criminal activities to the Canadian authorities, they immediately backed off and seized to do business in Canada.  Ben Lou is all about keeping things legal and proper.

To this day, no other Filipino debt restructuring company has come close to the services that Debt Aid Consulting provide as Ben Lou was congratulated by the Honorable Senator Tobias Enverga, the first Filipino Senator in Canada, for doing a great job of helping Filipino-Canadians get out of debt.As always, Ben Lou remains humble and still speaks to his clients on a daily basis.  He likes to stay connected with his clients daily.

At Debt Aid Consulting, our objective to see our clients through their program.  We want our clients to graduate while having peace of mind.  After graduation, we have them go through credit repair so that they may have a new beginning with regards to their credit.

At Debt Aid Consulting, we take care of the collectors for you.  You need not even bother with them.  We take Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 88

Q:  I found out the company I enrolled in with my debts is in the Philippines.  How can I get out?

A:  If you visit the greater Manila area, you will see youngsters mostly at night roaming around establishments in groups taking their breaks.  Call centers have become the major business now in the greater Manila area.  Since the Philippines is the best English speaking country in all of Asia, it just follows that an abundance of foreign investors open offices in Manila and outsource their customer service for less dollars.  The down side is it contributes to the unemployment here or in Canada.  The up side is that it keeps some Filipinos employed.  Take your pick as to which one you would prefer depending on where you are.  If you are unemployed here in the US or Canada, would you be happy that the reason you are unemployed is that your job has been shipped abroad to a third world country?

Now, if you have enrolled in a program that is using unqualified people in the Philippines to settle your debts, beware.  Do you feel comfortable that a youngster who has no legal experience or legal knowledge of the legal system here in the US or Canada is talking to collectors about your debts.  It almost dooms the success of your program. Another issue is that you are giving your most precious information to someone who is in the Philippines.  Precious information like Social Security or Social Insurance number must not be given to these call center employees.  I would not but would you?

So if you are weary about what you have found out then you must exit that program immediately, ask for your money back and move over to my programs.  If they never disclosed to you that they are in the Philippines then you must file a complaint.  We do not use call centers.  All employees of Debt Aid Consulting are either in the US or in Canada.  We take pride in helping keep people here employed, not in other countries.  The only reason why one would keep their call center in Manila would be to maximize profits without regard for people’s information being shared without the proper security.

At Debt Aid Consulting, we take your information security seriously.  We are all bonded for your protection.  We do not waste our time with BBB membership who would only give you good grades because you are paying the yearly dues.

We also have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 89

Q:  My husband likes to invent things.  He told me he has an investor who will give him $10M dollars so he can use the money to manufacture and market the product.  He then bought me a new car and some jewelry.  The problem is the investor did not go through with funding.  How can we undo this mistake with the items we bought?

A:  Good credit is a good thing to have because it allows you to get things you won’t normally get if you do not have the cash to pay for the items you need to get.  But sometimes credit can also take you to a dark place that even if you wanted to get out does not easily permit.  Certainly, counting chicks before the eggs hatch is another mistake on your part.  So how do we tackle this problem that we have brought upon ourselves?

I can only recommend certain actions that you can take because you are bound by contract when you made purchases on credit.  Regarding the car, you may have a few options on how to get out of this but you will loose money and it will be tough.

  • If you can afford it, you can continue the purchase.
  • You can advertise the car at a lower price and eat the loss just so you can save your credit.
  • You can have a relative take over the payments but its stays on your credit. The problem with this is if your relative defaults on the payment, you have to pay for it.
  • You can talk to the dealership and ask if they can take the car back and you will pay for the loss. You have to wait until they sell the car and then you will have to pay for something that you did not gain anything.
  • Have the car voluntarily repossessed where you will pay the loss. They will come after you for the difference if you do not pay.

Regarding the jewelry, here are your options.

  • Return it to the shop you bought it from and tell them what happened. Chances are they will take it back but your credit will be ruined and you will be out some money.
  • Sell it to someone else for cash and payoff the debt.
  • If you can afford it, keep paying for it.

Again, these are suggestions of actions you can take in order to rid yourselves of these purchases.  There are no guarantees as to what the store or the dealership will do but at least you may not have to pay the whole amount.

My advice is always be on the defensive when it comes to money.  There will always be people who are ready to take advantage of you.  Also, don’t put yourselves in situations that would be hard to get out of.  Save yourself from misery.  It adds to good health.

And if you have put yourself in a bad position that you cannot get out of regarding credit, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 90

Q:  Why do most money matters in the US come from Wall Street?

A:  Wall Street is the root of all monies not only in the US but everything that happens here affects most trades around the world.  This is the reason that during the 2008 depression there was trouble in Canada, Japan, China and most of Europe.  If you remember there were riots in Greece because the country could not provide for its citizens and people had no jobs in order to provide for their families.  The riots resulted in lootings.  Mainly, because of the economic downturn from the US, it directly affected the markets that provided jobs and this will always affect a country’s ability to provide for its citizens.

Although you will never see an actual exchange of merchandise or monies, this is where major importers and producers of large volumes of merchandise, crops and produce, oil, meat products and many more center to trade.  If you can remember in Philippine history prior to the Spanish occupation of the Philippines, natives mainly traded their items with Indo and Chinese traders.  Wall Street is similar to this trading but in very, very large capacities and volumes.  These volumes are so large that it affects most of traders in the whole world.  Also, the trade is mostly done with stocks and shares.

So if you see the price of the coffee that you buy every morning go up or down, it most probably have something to do with the price of coffee in the tradings in Wall Street.  The end users or retailers are the ones mostly feeling the price changes because they are the consumers.  Consumers are the main target of the tradings that happen in Wall Street.  Items traded will always eventually fall in the hands of consumers.

If you look closely on the items bought and sold, debts are only one of the items that are traded in Wall Street.  You have debt buyers buying bad debts from banks in order to recycle them and try to collect on them with huge profits.  Banks sell their bad debts to debt buyers at pennies to the dollar thereby making the debt buyer a ton of money on new collections from these delinquent debts.  This is the reason that collectors employed by debt buyers are very persistent in trying to collect so that they may recover the investment in buying bad debts.  They will go out of their way and will take legal action in order to collect from delinquent consumers.

And if you have put yourself in a bad position because of debts, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 91

Q:  My husband used to take care of the bills.  When he died I was lost and just never did it.  Now, the accounts are in collections.  How can you help me?

A:  There are chores in our daily lives that is a must do like eat and drink.  This is something that we have to do more than once in any given day.  Aside from these, there are other chores that we have to do daily.  Then there is weekly, monthly and annually.  One of these chores that adults are faced with is handling their finances such as paying bills.

A client called me the other day in desperation mode.  She said that her husband used to take care of all their finances when he was still alive.  After having passed away for more than a year, she never took the time to look into her finances and what he had left her to do.  She simply ignored them until all the bills ended up in collections.  What I told her was this.  Life is all about choices and what you do with the choices you face.  Every morning, the moment we open our eyes for the fist time that day, we are faced with a choice of whether we should get up or just stay in bed.  It is what you do with the choices that open up opportunities.  With regards to not facing the finances immediately after the husband died was a choice that was easy to make.  In fact, there was only one choice and that was to take over.

After having pulled the credit reports, it appeared that all their liabilities or debts are joint under both their names.  In this case, being the one who survived, the creditors will go after her for the balances.  Since the husband was an ex military, he had pensions that was now under her name and that she had income to pay for the debts.  The only option left is to enroll her in a program that will best serve her needs.

She enrolled in our latest program where creditors are not allowed to harass her while in our program and she is happy to be in it.  She will be done in 24 months.

If you have put yourself in a bad position of not paying your debts, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 92

Q:  Social Security takes a big chunk out of my check each month.  What can I expect from Social Security when I retire?

A:  For anyone who gets a regular paycheck from their employer, there is a portion taken out for FICA(Federal Insurance Contributions Act) also otherwise known as SocialSecurity/Medicare deductions.  The employer matches these contributions until it reaches the maximum annually.  People who make a good sum of money are able to maximize their FICA contributions yearly while others who make less put away enough to supplement their retirement with it.

So we ask, what are the benefits that Social Security promises me when it is my time to retire?  Well, that all depends on how you plan your retirement.  Most people do not depend on Social Security as a source if retirement.  Most will either have a 401K or a Pension plan as the main source of retirement and Social Security will be supplemental.  Aside from Social Security, Medicare is another issue that retirees need to worry about but that is a separate topic that we will discuss in later discussions.

Unless otherwise necessary, one must always wait until they are of full retirement age in order to take advantage of the full or unreduced benefits of Social Security.  That retirement age is 70 years old.  Anyone who decides to retire at an early age from 62 to 69 will have their benefits reduced.  You can access sample charts at their website: http://www.ssa.gov/retire2/.  They will show how your benefits will be calculated depending on your retirement age.

If anyone can also estimate their life expectancy, that would be great.  This is a good way to know when you should retire.  Some also still work after they start collecting Social Security benefits which still puts money away for their future and can earn them higher benefits later.  One can figure too much into what their Social Security benefits will or should be but the elders who are living in poverty level due to reduced benefits are the ones who suffer a great deal.  Most of them call me in severe credit card debt because they have used them to supplement their livelihood which is a big no-no.  At the same token, what is one to do when expenses exceed the money coming in every month?

If you are in a bad position because you have used your credit cards to supplement your reduced Social Security benefits, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 93

Q:  I responded to an email I received that if I helped this person in Europe with his wealth, he was going to share it with me.  I only found out it was a scam after I sent him money from my credit card because he paid for it with a bad check.  How can I get my money from him?

A:  A lady client called me the other day so deeply in love with a person on the other side of an email.  She met the person from an anonymous email(Spam email) that she received and replied to it.  This is an old scam being run by notorious syndicates and pirates in Nigeria.  This network is so complex that they actually have people working in the US, Canada and Europe.  When I spoke to this client, my first questions to her were, “What were you thinking?  How can you believe such a story”?  In most cases these parasites are so good at what they do that they can immediately tell if you are a person who is money greedy, love hungry, lonely or simply naïve.  They are masters at what they do and thousands have fallen victims loosing millions to these thieves.  So how do you prevent yourself from becoming a victim?  Simple!  Don’t reply to the Spam email.

This client created a romantic relationship with the person who will in turn pull the scam on her.  Using her feelings, he borrowed money from her with promises that he will repay the debt, even going to the point of sending her a fake check to payoff her credit cards just to be returned by the bank after a few days.  If you really think about it, why would anyone send you money to payoff your debts then ask you to send them money after having done so.

I am sorry to say that there is no possible way to get the money back.  Any picture sent to you was not of this person.   At this point I can only tell you that you have to deal with the debt alone.

If you been a victim of scams like this, report it immediately to your local law enforcement.  And if you would like our help in getting rid of these debts incurred due to scams, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 94

Q:  I have done all possible means to avoid collectors but somehow they still find me.  What would be the best way to get away from them?

A:  I must disagree with this plan.  It seems that there would be more work involved into trying to avoid collectors than it would be to pay them or to enter into a program.  I state this while looking at all aspects of each side.  It almost seems like you have to disappear in order to totally be able to avoid them.

First among all things is your residence.  You literally have to move to an unknown place where your landlord will not run your credit to get the apartment.  Then, you have to register your name with the utility companies who service the area.  You can use someone else’s name but no one might agree to that since it becomes their liability.  You might have to use a PO Box and not give your physical address to your family and friends.

The simple and correct way is to deal with them.  Like I said, it would be more work to avoid them rather than face them head on.  As always, you have consumer rights even if you are not able to pay your debts.  There are collection practices that could violate your rights and the tables get turned.  Now you are the aggressor and they are the defendant.

Even if you change residences, they can still get a judgment against you by serving you through publication.  This judgement will be enforceable and they will try to find ways to collect from you.

The best and simplest way is to enroll in my debt program.  We can protect you from collection harassment while in our program.  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 95

Q:  I used to have 2 jobs so I had no problem accumulating debts on my credit cards which totaled $80K.  I was laid off from my 2 jobs because I was caught filing a fake Workman’s Compensation case together with a Filipino friend at work.  How can I get out of these debts?

A:  A client called me the other day asking for help.  Her husband has been out of work for 10 months and is having a tough time finding another job.  She told me that he had two jobs ten months ago but got caught filing a fake Workman’s Compensation case together with another Filipino friend and was terminated.  Almost immediately he was terminated at his other job too.  They have two car payments, live in an apartment and owed $80K in credit cards.

At first she did not reveal this detail to me.  She was just telling me that her husband was out of work and could not find work.  It was after questioning her thoroughly that she revealed the truth to me.  A common fact that is a big mistake of people regarding debts is if you are making good money, that you should also have a big amount of debt.  This is wrong!  The truth is that you really should not have much debt because you can pay for things that you buy with cash.  What happens is despite the amount of money you make, you are still spending more than you take in resulting in high credit card debts.  It is then a question of spending habits.  Maybe you buy things you don’t really need just because you feel you are making good money.  Maybe you are not putting money away in your emergency fund.  Maybe you are spending money on wants and not on needs.  Really!  You should find the same satisfaction on saving money rather than spending it.  This is what happens when there is a cash crunch and there is much in recurring monthly expenses that have to be dealt with.  Sa Filipino ang tawag dito ay “Galit sa pera”!

Next, it is a question of attitude.  This husband knows he has a family and still dares to put his source of livelihood on the line in exchange for a small amount of money together with his friend, a friend that got him in trouble, a friend who is not around to help him feed his family.  Sakit po ng mga Filipino ito!  Hindi ko po nilalahat.  Ang drinking buddy po ay hindi po best friend.  Yon po ang magbibigay ng problema sa inyong pamilya!

Getting back to the wife, I told her that since they both have no jobs, I cannot do anything for them.  She should tell her husband to starting collecting plastic bottles and aluminum cans because it is not very likely that he will find good work again ever with his record.  They should file bankruptcy.

Clients who have not committed similar mistakes can enroll in my program.  We can protect you from collection harassment while in our program.  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 96

Q:  I called one of your competitors and they told me they have the same programs as you.  I told them that I had payday loans and credit cards but they said not to include the payday loans.  Because I see your ad saying you accept payday loans, I called your number just to find out if they were misleading me. They also told me that an attorney was coming to see me to get my signature but it was a notary public.  What else are they not telling me?

A:  This is the reason why some Filipinos call me and ask if I am real.  They are fed up with some mediocre Filipino businesses that prey on their kapwa Filipinos.  Nadadala na po sila!

This particular client called my office and spoke to one of my assistants.  She insisted that she speak only to me.  Of course, I always speak to my clients.  Her first question to me was very baffling.  She asked me if other Filipino debt companies provided the same service/s  I offer and my answer is “Of course not”!  My programs belong only to me because I designed them and cannot be given to any other company. If they want a particular program that they see or hear on TV or from our website, those are exclusive to Debt Aid Consulting clients.  With regards to service, we provide outstanding service to our clients that no other Filipino debt company can imitate.  For one, we are a consulting company and we service our clients even after enrollment.  Marketing companies do not offer the same kind of service.  Next, all my assistants are in the US and Canada.  We do not use call centers in Manila.  We do not risk your information falling into the wrong hands.  One of my competitors in the Filipino market admitted they had a call center in Manila.  Another that differs us is our program service providers are all located in the US and Canada.  Again, sending your information to Manila puts you at risk of identity theft.  That is why we are the first and only Filipino debt restructuring company incorporated in the US and Canada.

She then told me that one of my competitors was trying to enroll her and told her that they do not accept payday loans.  They told her that the service is the same but they can only take my credit cards.  Very confused, she looked for my ad and called me.  When I told her that my service includes payday loans and many more, she then said that she should have called Ben Lou from the start.  They also said an attorney was going to see her that Friday to get her signature on the agreement.  I told her that no attorney is coming to see her but instead it is a notary public.  She insisted that it would be an attorney according to the other company.  I asked her if she knew how much it would cost to have an attorney come see her just to get a signature and she said she did not know.  For that amount of work it would most likely cost around $800 dollars just to get her to sign the agreement and no service provider would pay $800 dollars upfront for a signature.  She was then convinced that she was misled by my competitor and decided to enroll at Debt Aid Consulting.

The next day she called me back telling me that the sales representative from the other place keeps calling her and told her that they would accept the payday loan if she would reconsider enrolling with them to which she politely said “No, thank you, I am already with Ben Lou”.

Clients who end up in my competitors program and are unhappy, we can protect you from collection harassment while in our program.  They cannot!  We have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Ben Lou.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 97

Q:  I get upset when I see the Democrats battle it out with Republicans especially when it has to do with passing laws that affect our finances.  Why can’t they just think about the good of the country?

A:  That would be great if they could all just get along but it seldom happens that both side comes to terms.  The reason starts in the House of Representatives.  Commonly referred to as “The House” consists of two legislating bodies, Congress and the Senate. Both bodies are composed of different parties, mainly, Democrats and Republicans.  Any Non-partisans are there just swinging red or blue.

Here’s how it goes.  The President wants to pass new laws or budgets for new programs.  These have to run through Congress.  If the President is a Democrat, he will run into some roadblocks from Republicans because they are controlled by lobbyists that have special interests and these lobbyists mainly support certain Congressmen and Senators main campaign contributions so they have strings to push and pull.  Each State is represented by mostly more than one Representative and they will always want to bargain as to what their state will gain from the new law or the new budget for a program.  These programs are in the billions of dollars in budget.  They will fight to gain jobs, money for programs, roads and many more to keep themselves re-elected come election time.  They need to show cause and that they have helped communities in their States in staying financially healthy.  They also put up arguments when the law to be passed would impact the citizens of their State and whether it is constitutional or not.  In order for a new law or a new budget for a program to pass, it has to have a 2/3 majority and if The House is composed of the opposing party, the President will have to go through hoops to get it passed.

You probably wonder why during budget time at the White House, there are tense moments and it is a battle between what the Democrats and what the Republicans want.  Until this new budget is passed, all Federal government employees do not get paid if the budget exceeds the deadline.  This arm wrestling scenario is what most financial people don’t want.  During this time of chaos, stock prices drop and the market  go into a standstill mode.  The only thing that does not stop is debts.  No matter how chaotic the government runs, the collectors don’t stop bothering those who cannot pay.

At Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 98

Q:  A process server called and said that he will serve me a summons if I do not call the number he gave me.  Is that true?

A:  That would the most ineffective process server of all time.  A real process server will not warn you that he will serve you a summons.  This will only give you time to avoid getting served and hide from him so that would make him an ineffective process server.

This tactic is used by payday loan collectors.  Telling clients there is a policeman who will arrest them, or there is a warrant of arrest for them unless the client calls a number.  When the client calls the number, a rude debt collector is waiting on the other end ready to harass and violate the client’s consumer rights.

Payday loans are the worst of all the loans out there.  It is almost like borrowing money from a loan shark except with payday loans, no one actually shows up to try and squeeze money out of the client.  They are more of threats.  With a loan shark you can count on getting hurt.  In the Philippines, there is a loan called “5-6”.  Payday loans are actually worst that “5-6” for they charge up through more than 500% interests.

I always tell clients the need for the money must have been a life or death situation for them to take out this type of loan.  At the same time, I also tell them that I hope the problem you borrowed the money for was solved.  If it was not, then you just dug a hole for yourself that would be hard to get out of.  The moment you cannot pay anymore, expect the worse in collection harassment practices.

So if you have been a victim of collection harassment, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 99

Q:  My sister died and I am the trustee for her estate.  Can I settle her debts in order to pay less?

A:  A client called me the other day asking if there was any way of her entering her deceased sister’s debts in the program.  I was a bit confused as to why she wanted to do this so I started asking more questions.  Here is how the conversation went.

Ben:  When did your sister die?

Client:  In March.

Ben:  So, doesshe have an estate and who is the executor or trustee?

Client:  Yes, it’s me.

Ben:  If she is already deceased then why is there a need to settle her debts?  Did she not leave enough money to pay her debts?

Client:  Not immediately.  The house was just sold this past September.

Ben:  I’m still confused mam.  So if the house was sold and you now have the means to pay off the debts, why haven’t you done so since it is already November?

Client:  Because the debt is getting bigger.  I already told them that my sister died and I sent them a copy of the death certificate but they are still adding late fees.

Ben:  Of course!  And they will continue to do so until you pay off her debts.  The question is still why haven’t you paid them off since you already have the money to do so?

Client:  Because they still keep adding fees and I want to settle it rather than pay it off.

Ben:  Mam, the reason your sister left all that money in her estate is to pay off her debts so that her name will be cleared.  Whatever is left is what the beneficiaries will split among themselves.  Mam, I cannot help you with what you are planning to do so good luck with your problem, goodbye.

It became clear to me that the sister who was the executor of the estate wanted to keep more money for herself if she was the sole beneficiary of the estate.  I could not go along with her plan of deception.  There is no way any attorney in my programs would even want to be involved in any scheme she is planning.

If she was able to find someone who will accept these debts and try to settle them, what hardship would they explain to the creditor when they already know that the debtor is deceased?

I did not get what she was up to until I started asking more questions.  They were not even her debts so her reason was out of line and I wanted no part of it.  This is how people get in trouble with the law.

If you have real debts of your own and are having difficulties, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 100

Q:  When I first called I wanted to enroll all my debts.  Now, I just want to enroll the student loan.  Is that possible?

A:  I would like to start that by saying that the programs that we offer to our clients are due their financial hardships.  The thing that I wonder about is how can financial hardship be selective when it comes to people’s perspective?  At the end of the day, if the money coming in is not enough to cover the expenses, should we not take every means necessary to balance out both sides of the equation?

I have to explain it this way for people to understand.  If expenses are $100 and the monthly income is $50, there are only two ways to make it work out.  It’s either lower the expenses to $50 or raise the income to $100.  There is no in between and definitely no sort of short or not really short.  It is what it is!

A client called me the other day and told me he was short on funds to pay his debts.  After asking him all the questions and moving numbers around, he figured there was more credit left on the credit cards.  He then decided to only enroll the student loan.  The problem was the student loan was a sizable debt and he wanted to extend the program to serve his means and have low monthly payments.  The problem is he will end up being garnished by the Department of Education before we can settle the debt.  If this happens, he will certainly drop from the program.  For me to hear that we misled him after the fact of explaining everything to him, it was better to let the client go his own direction of trying to solve his problem himself rather than put him in a program that would fail and us be blamed in the end.

At Debt Aid Consulting, we are ready to help clients who are willing to get help.  We offer unconditional help if the client makes sense.  If they don’t, we just politely say we cannot go along with your plan and let them deal with their problems themselves.  Most often, they call back months later and their problems have spiral out of control or have already been sued.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 101

Q:  When I first enrolled in a program, they told me they were a law firm and will defend me if I receive a summons.  Now that I did, they said they had no attorney.  What do I do now?

A:  Then you should get out of their program fast and ask for your money back.  Every penny of it.  They should not be able to keep any of it.  There are some program providers out there who will tell you what you want to hear just to get your business.  The worst part is they cannot provide the service promised to you verbally.  The contract will not state the promises and a lot of people would only go by what they are told by the sales person.  Many times, the salesperson will sugarcoat their program to hide their deficiencies.   Then you, the unsuspecting client buys into what you are being told and will sign the agreement without reading it.

There was a client who called me a few weeks back and of course they moved over to my program after talking to me.  They enrolled in one of my competitors program.  3 months later, they got sued.  When they informed the company of this, they started getting the runaround.  After 30 days, they were never able to file an answer and received a judgment.  That was when the company told them they did not have an attorney.  Needless to say the company did not disclose to them that theywere operating from  Manila, Philippines.   I told the client to ask for their money back and when they tried to, they again were given the runaround until they threatened to go to the authorities.  Obviously, they are hiding something and wanted to silence the client so they returned most of their money.

That’s why, be careful of what people tell you.  There are even some people who argue with me that their friend told them this and that but when I tell them to have their friend call me so we can discuss their opinion, the person never calls.  “Marami pong nagpapanggapna magaling magbigay ng advice na mali-mali naman”!

At Debt Aid Consulting, we offer good help to people in need.  We offer unconditional help if the client makes sense and we are all in the US and Canada.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 102

Q:  I keep helping my relatives in the Philippines and keep sending money everytime they ask.  Now I am having difficulties paying the debts incurred to help them.  can you help me?

A:  This time of year is the time when most of your relatives in the Philippines will have a hand in  your pocket.  I know, because I have some relatives who are asking me for money.  The fact is I cannot help everyone.  And even if I did, I cannot make everyone happy enough with what I can give them.  It will never be enough.

This is the case with our kapwa Filipinos both in the US and Canada.  Even the one’s working the Middle East are subject to never ending cries for money.  And why is that?  Easy!  You are working overseas, making US Dollars, so you must be doing well.  Well enough to share the bounties of your hard work to the unlucky relatives and friends.  Sad to say, this will always be the case.  Some of our relatives and friends are content with what they have in the Philippines.  Always expecting charity from the ones working overseas.  And if you are the one working overseas, you want to start dodging phone calls from the Philippines knowing the reason they are calling is to ask for money.  It seems endless.  Every month it seems they find a new excuse to ask for money.  Sometimes I have to take money out from my credit card to send to them.  And now I am having a hard time paying the credit cards.

I have to tell you, you need to learn from this mistake.  You also need to learn how to say “No”.  If you have to borrow the money that you have to send to your relatives or friends, that only means you don’t have the money.  So why would it be difficult to say no?  You really don’t have the money.  You are not lying.

It is how we see things that make us all different from each other.   In your case, simply saying no would be easier.  Think about what you have done to yourself.  Now, you must face the consequences of your actions by yourself.  Meaning none of your relatives or friends are going to help you get out of credit card debt even if the money you took out was to help them.

At Debt Aid Consulting, we are ready to help clients who are willing to help themselves.  We offer unconditional help if the client is willing.  If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 103

Q:  Can I enroll in your debt program if I am using a TIN number?

A:   Most companies will not accept a Tax Identification Number (TIN) when enrolling  in a debt program but the answer is yes, our company can.

A client called me to ask if I will accept him in our program mainly because he is using a TIN and does not have a Social Security Number.  In most cases people who are still working on their immigration papers in the US will use a TIN in order to pay taxes.  The TIN is issued by the IRS to anyone who wishes to file taxes who do not posses a Social Security Number.  As far as banks are concerned, they will accept this too and use your name as a business enterprise of Doing Business As(DBA).  This can be used to open an account and the account is mainly treated as a business.  The bank can also use this number to grant credit to the clients as well as credit cards. And this where the client got into trouble.  It is ok to have credit cards but as the client told me his problems that he has a family in the Philippines and has to support them while he is here working on his permanent residence.   He also has to keep sending money every month.  Yes every month,  even if he does not have a job.  Not all employment will hire employees who are using a TIN.  Most employers know that if you are here legally, you will have a Social Security Number, so what is the purpose of using a TIN?  This means you do not have the papers to support being hired.

So then the client is faced with two dilemmas.  One is to send money every month and two, the problem of keeping himself employed.  Thus the abuse of the credit cards came into existence.  Unfortunately, he cannot find a lot of debt help companies who will accept his problem but I can.

At Debt Aid Consulting, we are ready to help clients who are willing to get help.  We offer unconditional help if the client makes sense.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 104

Q:  It is a new year so we would like to get a better control of our debts.  What do we have to do?

A:  The new year is always a good time to start new projects, ideas and goals.  Being debt free can be one of them and it actually is a very good goal.  Here is how you start.

1)  Develop a budget.  Developing a budget is the foundation of being debt free.  Through the budget that you create, you will know what your expenses are and where it should be.  Keep in mind that the budget is designed to not make you suffer but to make life easier financially.  By knowing your limitations and thresholds, you will be able to set expectations so that you will not be influenced by others into overspending.

2)  Contact your creditors.  If you are having difficulty making ends meet because of high spending habits, your creditors will go along with a payment plan that will help you get out of debt.  More likely, the credit cards will have to be cancelled so it does not accumulate any more charges.  Thereafter, you should only make payments so that the balance can eventually be paid off.

3)  Dealing with Debt Collectors.  If you are already behind paying your debts, it is most likely that they have already cancelled the credit cards.  If you need help dealing with collectors, call Debt Aid Consulting to address collectors harassment.

4)  Manage your Auto and Home loans first.  When creating a budget always address your auto and home payments first.  The car gets you to and from work and the house keeps a roof on your head.

5)  Debt Relief Services.  If you are having difficulties with unsecured debts like credit cards, payday loans and other personal loans, pick a debt help company to assist you.  Stay away from companies operating in different countries.  They are not qualified to help you with your US debts.  They have no idea of the legal system here.

6)  Tax consequences.  I do not suggest using your 401K or retirement savings to pay off your unsecured debts.  This may create a new problem for you in the form of taxes.

7)  Bankruptcy.  This may be the only option depending on your situation.  Call Debt Aid Consulting so you can take advantage of a Free consultation and find out if you should file.

With all these services available to you, you are well on your way to a great new year with a new year’s resolution.

Debt Aid Consulting promotes debt help for people who are really to throw the towel regarding debts.  Being debt free is a breathe of fresh air.  We are ready to help clients who are willing to get help.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 31 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 105

Q:  I entered your program thinking life would be much better.  Why do I feel like I’m still being squeezed every month?

A:  I always tell my clients that any kind of debt restructuring program does not happen overnight.  It usually takes quite a bit of time to complete.  Included in this is the learning curve of being able to live on the budget that we create.  In most cases clients who call me are already at the end of their rope when it comes to debts.  They might only be paying the minimum  monthly payment or for some robbing Peter to pay Paul, meaning borrowing money from other credit cards or taking out payday loans to make their minimum payments on others that are due.  At the end of the day any of these types of quick solutions are really not.  They are designed to bury you more in debt than ever.  It is an illusion that you are making your payments on one debt by merely creating a new one with high interests.  When all these debts bottom out, it is a hair pulling experience that I would not want anyone I know to be in because it can literally make you sick just thinking of it.  So how do we approach a way out?

I would like to share this with you in order to better understand how clients think even when they are already in the program.  A client from Los Angeles called me 2 years ago with a summons.  She was so depressed because of what was happening to her.  I told her that I was going to get her in a program that would address the summons and give her time to save money for a year or more.  So, my attorney partner filed an answer to the summons and she received a little over one year to save some money so we can settle the debt.  Mind you, we still need money to settle the debt.  We do not tell or promise anyone that their debts will disappear when they enroll in my program.  Months passed and I rarely heard from her.  When the time was almost due to settle the debt, she was surprised that she needed to save some money.  She thought she was home free and does not have to think of the debts ever again.  So come due date, we have no money to settle the debt.  Then she was back on the hairpulling experience.  She had a year of pure happiness, not thinking of what she was supposed to be doing which was saving up.  Instead we had to extend her problem for another year.  Which means the problem did not go away.  It merely got worst.

So if the client feels like they are being squeezed every month in order to make ends meet, I did not do that to them.  They are the ones who used the credit cards, not I!  So we live on a strict budget for a year!  Is it not better to do it for one year rather than two or more?  Learn from the mistakes that we have made.  That is one of the lessons in life that is free.  No one can teach it to you.  You can only teach yourself.

Debt Aid Consulting promotes debt help for people who are ready to throw the towel regarding debts.  Being debt free is a breathe of fresh air.  We are ready to help clients who are willing to get help.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 31 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 106

Q:  We are trying to buy a new house through a realtor who also does the financing.  We were told that we have been pre-approved and to go ahead and sell our house.  Now he is telling us we were not pre-approved and that the finance company wants a high interest due to our credit.  How can we back out when our house is already sold?

A:  This client is avictim of a triple whammy.  When you deal with one realtor to sell your house, buy a home and finance the home too, this is called a triple whammy for the realtor.  They are looking at commissions for selling your home, the home that you buy and the financing of it.  That is why it is called a triple whammy.  The problem with this deal is that you are at the mercy of one salesperson.  One person  who is controlling the movement of everything from your home to the financing of the home you are buying.  Is this good or bad?  Well, that all depends.  It depends if you know the realtor and that they won’t do you wrong.  Then you might just be fine.  On the other hand if you do not know the realtor, you may find yourself trapped in web of lies so that the realtor ends up with some commission regardless of what does not push through.

The best example is you.  The realtor in your case got paid the commission due for the sale of your home.  And how easy was that for him?  By merely telling you that you have been pre-approved for the loan for the home you are buying.  You did not ask for any approval papers.  You did not set any contingencies.  Now you are faced with the problem of having to bite a high interest loan to buy your new house because certain facts were not made available to you.  There is no way out now but to go through with it.

The best way that you should have handled it was to set contingencies on all the sale.  Meaning none of the sale or the purchases  would go through unless all of them falls in place and with your approval.  This way you are in control instead of the realtor.  That is why it would be good to know the realtor.

Now let’s go to the part why your credit was not that good to begin with.  If you have some late payments with bills before you should have checked a credit repair company to go over your credit so that no surprises surfaces in the middle of all the transactions you are involved in.  This is merely being pro-active on your part.

Debt Aid Consulting promotes credit repair to our clients who’s credit has been hurt by late payments.  We provide debt help for people who are ready to throw the towel regarding debts.  Being debt free is a breathe of fresh air.  We are ready to help clients who are willing to get help.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 31 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 107

Q:  We’ve all noticed the price of gas go down to the record lows in years.  What does this mean for our economy?

A:  Aren’t we all happy that the price of gasoline is at its record lows?  I am!  And so should you!  But is this an illusion or are there any counter effects to this as in cause and  effect?

Let’s look the up and down effects of this event in history.

The up side:

Mainly people are happy prices of most items will go down.  A lot of them can use the money for something else in their budget.  Some can even put money away for a rainy day.  Others can pay off their debts sooner than later.  Prices of real estate usually tends to go down and this is a good time for buyers.  It may not be so for the sellers  of their properties.

The down side:

First we need to understand that there are many by products coming from petroleum.  All these products will benefit from the low price of the raw material.  On the other hand other companies who sell the raw material will suffer great losses.  Main exporters of crude oil will be in a price war while trying to sell the most by lowering the cost to the buyers.  Many companies will stock up conservatively while the prices going down.  The question is why stock up conservatively?  Here’s the answer.  What if you used up all your cash to purchase the most while the prices are going down?  And while you used it all up, the prices have not reached bottom yet, meaning the cheapest it will be.  Then you will be stuck with inventories that are at mid price rather than the lowest.  That is the reason to not overstock and stock inventory conservatively.  You will end up with a higher cost of raw materials and will end up selling your product higher than the competition.  You will not want to price yourself out of the market.

Have you noticed the price of the stocks in Wall Street crashing lately.  The market is having a hard time recovering.  The market is down and  what does this mean?  It looks like the early stages of an economic downturn.  When this happens, investments go down so do people’s 401K’s and retirements.  Layoffs are possible because companies are struggling  to make money.  And when there are layoffs, people cannot pay their debts and their bills.

So certain occurrences will always have an up and down side and it all depends on what side you are in and how ready you are when it happens.

So if you have somehow been negatively affected  by the changes in the economy, call Debt Aid Consulting.  We provide debt help for people who are ready to throw the towel regarding debts.  Being debt free is a breathe of fresh air.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are not even allowed to call you, write to you or even sue you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have 31 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 108

Q:  Will my credit be affected if my wife enrolls only her debts but she wants to use my bank account for the program?

A:  The answer is no unless you yourself stop paying your creditors.  Here’s the logic.  If it is only your wife who enrolls in the program, it is only her creditors who will receive a Power of Attorney and Cease and Desist letters.  So if none of your creditors receive a Power of Attorney and Cease and Desist letters, and you continue to pay them on time, with the minimum or over the minimum payment, how can you be affected?  Remember that your credit worthiness or history will only show how timely and how much you pay your debts.

In this case the only thing necessary is to add your information as a co-applicant in the program so that your wife may use your bank account to pay into the program monthly.  Your name will not be included in the Power of Attorney and Cease and Desist letters.

A client called the other day with the same situation.  The husband strongly refused to be included in the application.  The wife owed $30K in credit card debts and wanted to become debt free.  We told the wife to just open her own bank account to end the dispute but for some reason  the husband was totally against that as well.   I believe this issue spiraled into an argument between the two that resulted in the client backing out.  The lesson?  I cannot help those who do not understand how we can help nor those who refuses our help due to their misconception of the program.  Sometime people do it to themselves and we cannot help it.

If you want unconditional help, call Debt Aid Consulting, we have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 109

Q:  My house sale was about to close when escrow told me that there was a lien on the property from my Homeowner’s Association for a missed fee.  How can I fix it?

A:  It can be fixed by paying it through escrow.  This is how it works.  When a buyer agrees to buy a home, an escrow process is opened.  The escrow company is a middle ground between the seller and the buyer so that no one walks away without all the resolutions on the purchase is satisfied.  This escrow company may be paid by either the seller or the buyer or they can agree to split the cost in half.  No matter who is paying for the escrow, they have to stay neutral between both sides.

In the case of the question, for some reason this client missed a payment for the Homeowners Association fee and they put a lien on her title.  In most cases, the Homeowner’s Association will try to collect the fees from the home owner prior to putting a lien on the home but it was rather odd that the seller did not know that she missed a payment.

I told her to just pay the lien through escrow especially if she is making a profit on the sale of the home.  This means that escrow will deduct the amount of the lien from her proceeds before escrow closes and give that payment to the Homeowner’s Association.

I did tell the client though that it would be a good idea to always balance her checkbook every month so that she knows what checks cleared and what has not.  This is a good way to avoid having accounts go into collection because payments were lost in the mail.  Lost mail is never an accepted excuse for non payment of debt but mostly it is given a one time courtesy to waive late fees, if you catch it.  Just call the company and ask why the check has not cleared yet and when they tell you they never received it, then it was most likely lost.  There is usually a simple solution to most things but when you do not put in that little bit of a few minutes to do it, it usually takes more time and more money to undo it.

This is the same way with debts.  If you hold off on taking care of unpaid debts, it mostly escalates into something worse like excessive fees and worst a lawsuit.  Dealing with it sooner than later is  good practice so you save yourself some money.

If you need our help to get out of debt, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 110

Q:  I own a property together with my sister.  I received a judgment for an unpaid debt.  How does this affect us both?

A:  Since you are still in the first stages of having lost a civil case in court, we do not know what the plaintiff will do in order to collect.  One thing for sure is that if you do not voluntarily pay them, they will find other ways and means to collect from you and impose the judgment.  Unfortunately, a judgment cannot be relinquished.  It can be renewed every ten years mostly which means you may not have an out.  If you do not pay the plaintiff, they can garnish your wages, attach your bank accounts and put a lien on real properties.

The problem you will have is with your sister who is co-owner of the property.  If the plaintiff sets a motion to put a lien on real property.  This can cause some friction between the two of you, but I am sure that you will deal with that accordingly.

Depending on how much you owe, you should start paying on it as soon as you can and and lessen any possibilities that they might attach the property.  It may not be necessary for them to.

If you consider bankruptcy as an out, think again.  You will end up in a Chapter 13 Bankruptcy where you will end up paying on the debt depending on the equity of the property and your individual income.  People who owns real property most often end up in Chapter 13 Bankruptcy, not Chapter 7.

If bankruptcy is not the option for you, consider Debt Aid Consulting’s latest debt settlement program.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 111

Q: Are there debt companies who do not disclose where they are?

A:  A client called me who was enrolled at Financial Rescue.  She and her mother were enrolled by Financial Rescue in a company named Success Link Processing LLC, which is also owned by Rod Mercado.  Success Link Processing LLC is a company who uses the same Financial Rescue address as a front end.  The back end is operating in Manila, Philippines.

The client was so upset because as they were promised that an attorney was going to assist them with the summons that they received, delays followed which led to the clients running out of time to reply to the summons.  The summons turned into a judgment.  Then they tell her there is no attorney to help them.  Nothing happened with their debts according to her.  All they did was collect fees.

Employees from Financial Rescue and Success Link Processing were pointing fingers at each other as to which of them was supposed to help the client.  As the client grew frustrated, they found out that the person they were talking to was in the Philippines.  Apparently, it was not disclosed to them that the employees of Financial Rescue or Success Link Processing in the Philippines were to service their debts enrolled in their program.

The client was crying to me as she told me this story.  I could not let them go without offering my help to which they accepted.  Now, the client is enrolled in my program and my attorney partners are addressing their judgment.

I told them they should ask for all their money back.  When they did, the manager of Financial Rescue in the US started yelling at her and another person in their office kept denying that their back end was in the Phiilippines.  After insisting so many times to tell her the truth, the person on the other line told her that they  are in the Phlippines and there is nothing wrong with it.  That is why she asked that person that if there is nothing wrong with it then why are they hiding it from their clients?  They told her they would refund her partially but when she said she would expose them, they returned most fees excet for the legal insurance fees which did not do anything for their summons.

I have always told a lot of clients to be careful as there are many companies who are not very truthful to their clients.  If you continue to use call centers in the Philippines, don’t hide it.  They are afraid that clients will not enroll in their programs if they found out they are talking to someone on the Philippines.  Well, if you already know that then why insist on using a Manila office?

At Debt Aid Consulting, we are proud that we do not use call centers.  We are all here in the US and Canada and are all bonded to better protect you.  If you need our help to get out of debt, call us for local help.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  Say No to Call Centers!  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 112

Q: Are there TV spokespersons who aren’t really what they appear to be?

A: Unfortunately, there are a lot!  Let us categorize the different ways that spokespersons are used on TV.  In some cases, celebrities, professional models and sports icons are hired to endorse certain products.  In this case, these people do not really misrepresent themselves.  They are being used and paid by the companies to endorse their products and in exchange they pay the endorser.

On another note, there is another form of inappropiate presentation.  This is when someone claims to be someone who they are not.  In most cases, this happens when the person doing the misrepresentation is after people to invest or buy their product or services.

One day a client called me.  The client was very calm and wanted to chat a little before getting on to specifics which is the debt program services that I have.  As the client went on with her story, she mentioned to me that she chose me because she did a background check on me.   Not knowing how to react, I was wondering if she hired a private investigator to check up on my background, so I asked her how she did that.  She just said that she looked over the internet and found as many sites that contain my name.  Her search gave her multiple sites that gave her an impression that I am a credible individual with nothing to hide.  She found me in the most popular social media websites bearing the same name as what I show on TV.  She even knows what college I went to.  Laughing together, I told her that she got me and that I had nothing to hide but was very surprised that she went through a lengthy exercise to check up on me.  Frankly, I was flattered.

Next, she told me that she also did an internet searched on my competitor, Rod Mercado.  She opened up to me and said that she had called there before and found out that they were providing their services from  the Philippines and was immediately turned off.  Then she proceeded to explain to me the main things she found about Mr. Mercado.  She mentioned that he found his profile in the internet and saw that he does not have any financial background nor experience but keeps giving financial advice on TV.  Her immediate comment was that why do the networks allow someone without financial experience keep giving advice on TV without finding out if he really has the experience to back it up.  She also mentioned that Mr. Mercado has nothing but marketing experience in his background.  She asked me how he became a financial guru.  I just replied, I don’t know sometimes what people are thinking of.  According to her he sounds like he really knows what he is talking about on TV but most of the items he speaks about is common knowledge about finance.

As the conversation went on, she calmly said, that’s why I chose you.  As flattered as I already was, I just had to say thank you.  It really meant a lot to me that someone would have really gone out of their way to find out certain truths before getting deeply involved in a financial transaction.  So I continued to help her get into the program.  I take pride that I am true to the clients I serve.

If you need our help to get out of debt, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 113

Q: Are there competitor supporters who call your company to complain about truths that you share to the public?

A:  For me,   it is very important that clients know the truth of what they are getting themselves into and it is for this same reason that I always tell my assistants the golden rule of Debt Aid Consulting.

“Be honest about the help we provide to the clients”

This rule complement the company.  While Debt Aid Consulting is a business, this business involves helping clients get out of debt and that is number one.  In the process of number one, we also need to make some profit so that we can continue helping more clients.  These two create a win-win situation for both the client and Debt Aid Consulting.

Now, to answer the question.  The other day, someone called me.  Yes, someone because this person was not a client.  This person called me just to complain about the latest advertisements that has been airing for my company in the Filipino networks.

I am not sure about her intent but it seemed that she was upset about the presentation of the advertisements rather than the content.  She said I was mocking my competitor.  I was wondering if the content of the advertisement just flew by her because she did not want to hear anything I had to say which led me to believe she was rehearsed and coached in what to say.  I could not get a word in.  She even said that even if my competitor was doing something illegal, I should not even say anything about it and I should just let it be.  I was bothered by what she was saying because she was too naive to understand that you cannot operate illegally in the US or Canada.  She also was clueless that businesses in the same cannot use deceptive practices to their clients without consequences.  I will never condone deceptive practices especially when it is happening in the same  industry my business is in.  If this company gets caught,  my company will be  included in the bad wrap.  That is why some Filipinos call my company and tell me that they do not trust their kapwa Filipinos.  Why?  Because it was the action of one crooked Filipino that led them to think that Filipino businesses cannot be trusted.

I was most bothered when she said that as a Christian, I should just leave it be.  Really?!  So, as a Christian, I should not say anything even if I know something illegal is going on?  And  how is not saying anything Christianlike?  Magagalit daw sakin si Jesus.  I say, mas magagalit  si Jesus sa mga sinungaling and if I do not do anything about it.

“Yan ang MALI na talagang dapat ITAMA”!

If you need our help to get out of debt, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 114

Q: Do you give loans to clients?

A:  We are not a loan company.  Most clients who call us  are in dire need of money.  In most cases, the need for money is so severe that clients are already buried in payday loans.  These debts can really take a toll on someone because the collection tactics they use pretty much violates all your consumer rights, not to mention the interests are too high.

A client called me from Canada and he is in a deep hole because he had already received a notice for repossession on his car and the banks are about to sue him for none payment of his credit card debts.  He was lucky that he and the car were not present when the Repo company came.  The scary part is he does not know when they will come  again to take the car without his permission.  I asked him why he has not paid and it was because he lost his job for three months and had a family to feed so we all know where most of his money ended up.  It went on the dinner table.  He then proceeded to tell me that he just found a job and had ventured into a business partnership.  I then told him that was a dangerous situation because starting a business will require a lot of time from him while he just started a new job.  How was he to joggle between the two?  I suggested he focus on the job first since that was a sure way of getting money every month.  But there is still the problem of the car about to be repossessed.

He then proceeded to tell me that he is a dependable person in paying his debts as if he was asking me for a loan.  So I asked, “Is the purpose of your call to me is to ask me for a loan”?  He said “Yes”.  I explained to him that we are not a loan company and we do not give loans.  He sounded disappointed and so I proceeded to ask him some more.  How is he to pay me if he were to get a loan?  He has a new job and a new business venture which will require money, so where would paying me fit in this picture?  He said he would make it work.  Without much confidence I told him that I was very doubtful of getting repaid.

In every situation where someone needs money so desperately, they become a target of someone who would take advantage.  Thus, the same reason for the payday loans or 5-6 loans from Filipinos.  The best way is to always have a savings account or an emergency fund in cases like this.  Do not use up the money like it pours when it does.  There will be  days when it is dry and that’s when you need to tap into the emergency fund.

If you need our help to get out of debt, call Debt Aid Consulting.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 115

Q: Do I have to file bankruptcy if I don’t want to even if I should?

A: No one has to do anything they don’t want to but there are some things sometimes that are beyond our control and we must act accordingly.

Here’s an example.  A couple called because the husband was served with a summons and they had some credit card debts that have not been paid in two years.  I told them we can help.  They provided credit reports they obtained from another company they called.  After summing up their debts, it came up to $25K.  We created their budget because they only made $16K together.  After creating their budget, they had very little to spare to pay into a program.  In short, they cannot afford  it.  He wanted to pick and choose which debts he wants to enroll, so I told him we will not enroll him.  If he wants to continue with a program, he should call another company.  At Debt Aid Consulting, we do not accept clients who do not want to follow our advise knowing they would only fail.   I told them they needed to file for bankruptcy.  The husband was very much against it.  I asked him why.  He responded that no one files bankruptcy in their family.  So I asked him if everyone in his family do not pay their debts.  He said he was the only one.  So my answer is there it is.  You cannot expect the same results if the actions have different scenarios.  I told him to set his pride aside.  Though a summons has been served, that’s the least of his worries now, if he was to proceed with bankruptcy.  I also told him that the best time for someone like him with very little budget was to have asked for help before he got sued.  He waited too long.

Here is the best analogy for this problem.  A patient went to a doctor.  The doctor says he has stage four cancer in the liver, kidney, lungs and brain.  The patient tells the doctor that he does not have enough money for the treatment of all his cancers and to just treat the brain cancer.  Do you think the doctor would agree to that?  I hardly think so.  The doctor would most likely say that the cancer is hopeless since it has already spread.  The right time to address the problem was when he started feeling some pain.  There is no more treatment that can be done.  It is too late.

If you need our help to get out of debt, call Debt Aid Consulting.  Do not wait too long for it may also be too late and bankruptcy will be the only answer.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 116

Q: How important is my Social Security or Social Insurance Number?

A:  It’s more important than most people think.  When you start employment, open a bank account, pay your taxes, apply for a credit card or a loan and many more, they always ask for the Social Security Number for the US or Social Insurance  Number for Canada.  For purposes of this article, we will use the US as the example.

Sometimes, I wonder if people really understand how important it is.  I have seen and heard people give it up so easily as if they were just giving out their birth date.  Companies go through extreme lengths to protect customers, employees and generally people’s information?  They spend thousands to millions of dollars for equipment, personnel and data space in order to protect your information.  And still cyber thieves find ways to steal your information.  Even the FBI has a task force where all they do dayin and day out  is to try to find these hackers who steal your information just so they can profit from it.

So what can they do with it if all they are stealing is just a bunch of number?  Imagine this.  Think of all your credit cards getting maxed out.  Once they have all your personal information and Social Security Number, they can open new credit cards under your name and sell it in the black market so that thieves just like them can rack up the bill with all kinds of purchases.  They can also sell your information so that other thieves can continue to exhaust all possible privileges from it.  So please, don’t think it is just a bunch of numbers.

Our whole lives are controlled by numbers.  In order to have a filing system, numbers are used to organize our information.  Everyday we have to deal with numbers that we sometimes don’t think how important they are but in reality has so much weight that we could loose everything if it fell into the wrong hands.  Let’s not be too naive that we can just give out our Social Security number to who asks for it especially if they are in another country.  We have no idea where our identity will end up next.

On the same note some clients call me and when I tried to pull a credit report, I could not anymore.  It is because they already took one out or someone else did it for them.  This is where I encounter problems with people who easily give out their Social Security numbers.  It appears I am the last person they contacted who can help them with their problem and I am restraint from helping.  Some of them  even gave their number to someone in a call center.  That is a very bad position to be in.  Do not just give out your Social Security Numbers like it does not mean anything.  I know that in the Philippines people do not live by any kind of number.  But we are already in the US.  We need to adapt to the environment we now live in.  Know the laws and what is and is not important.

If you need our help to get out of debt, call Debt Aid Consulting.  We do not use call centers which allows your information to be very safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 117

Q: Can the hospital or paramedics send me to collections?

A: In cases where an individual does not have any kind of health insurance, they mostly can go to the county hospital to get medical help for less expensive immediate attention.  In other cases where one has medical insurance, they can pretty much go to any hospital if they need immediate attention like an emergency.  In cases where one is involved in a traumatic accident or emergency requiring rescue and the victim or patient requires the most immediately care available, the emergency services provider may take them to any trauma hospital.

The question is who picks up the bill for all the work involved in the rescue or emergency service?  The answer is it becomes the responsibility of the patient or if a minor the parents.  In most cases like motor vehicle accidents, it is the vehicle insurance carrier who will pick up the bill.  In cases like if a patient or victim does not have insurance, they will be responsible for the bill.  Generally if the patient or victim is incoherent or unconscious, then the emergency personnel has the right to provide the utmost service available which is stabilizing the patient before taking them to a hospital.

In some cases the victim who does not want to pay the bill can say that they did not call for the emergency service like paramedics to help them.  But if it was a decision that had to be made by an officer of the law or the head of the paramedics who deemed it necessary in order to save a life, then it becomes the responsibility of the patient to pay the bill.  So what happens when the patient does not pay the bill?

We have to understand that a hospital, emergency responders and paramedics are all businesses.  They are in the business of saving lives.  In some cases they do get government grants but that is a drop in the bucket when it comes to budget that they need in order to perform their jobs accordingly.  If one does not pay the bill, they will be sought after just like it was a credit card debt.  The account can be put into collections, sent to attorneys and can even take legal action. So the reasoning that you did not ask them to help you can easily go out the window if you have to defend yourself in court.

If you need our help to get out of debt regarding medical and other bills, call Debt Aid Consulting.  We do not use call centers which allows your information to be very safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 118

Q:  We are now living in the US from Canada.  Can we enter Canada debts in the US program?

A:  Some companies will not accept Canadian debts in their programs but we will.  My attorney partners in the US are affiliated with my Canadian attorney partners as well which complement each other to help our clients effectively.  Most US debt companies can and will only deal with US debts because they do not have a Canadian affiliate.   At Debt Aid Consulting, we always look for programs which assists clients in solving  their debt needs as Debt Aid Consulting is a Debt solutions company.  We always provide programs that can help the clients with their severe debt problems without putting your information at risk.  All our employees are in North America and  we do not use call centers.  Any time you give your information to anyone who is outside North America, you are putting your vital information at risk from thieves who are just waiting to take advantage of your benefits and money.

If you have moved to the US from Canada and left debts that you wish to be done with, we can make it happen.  Even if the situation was vice versa from the US to Canada.  We can help you become debt free.

If you need our help to get out of debt because you moved from  Canada to the US or vice versa, call Debt Aid Consulting.  We do not use call centers which allows your information to be very safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is the latest exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 119

Q:  How can my tax refund be stolen if my Social Security Number gets compromised?

A:  I have always been an advocate of protecting your information.  One of these information is your Social Security Number.  Companies who have your information go through extreme measures and millions of dollars to protect your personal information from getting stolen by thieves.  And this is for the same reason I have been an advocate of not using calls centers.  Call centers in Asia are the most notorious for information getting into the wrong hands.  Let me give you an example.  I was in the Philippines in the last two months for business.  I used my credit card while I was there.  One month later, my credit card was being used by someone in Bangladesh.  I have used my credit cards in the US and Canada and not once has any of them been compromised.  One trip to Manila and in a month,  the credit card company calls me to inform  me that my credit card number has been stolen.  Most likely one of the employees of one of the places I used my credit card has a relative who is working in Bangladesh and decided to use my credit card number to make unauthorized purchases.  So watch out who you give your Social Security Number to.

With regards to taxes, when a thief gets a hold of your information and Social Security Number they can fill out tax forms under your name and ask the refund to be sent to an address where they can get a hold of the refund together with a bunch of other victim’s refunds.  The headache that this will bring you is beyond painful.  You will have to contact the IRS and do some explaining when they send you a letter stating that you have already filed your taxes when you file your real taxes.  They then have to send you an affidavit stating that your identity has been stolen.  After you send out the affidavit, you have to wait about 120 days or about half of the year for your refund because they now have to go through an investigation process.  This is only half the battle.  Now you have to check your credit to see if new credit cards have been opened under your name.  This here is a new and different problem from your tax refund and we will cover this next.

If you need help to get out of debt call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 120

Q:  I know you told me to close the bank account.  I thought if I took all the money out, it will be closed.  Now I was charged NSF fees because some loans tried to take money out  and the account is overdraft.   What do I do now?

A:  Haaayyyy Naku!  What is the difference between black and  white?  Green and Red?  Or when I tell someone to stand in a corner, it does not mean that person can sit in the corner.

In some cases it is important for a client to follow the instructions that we give them so that they do not keep throwing money away every month.  Clients who sign up in automatic pay end up loosing monthly payments to auto pay even if they enroll in a program that is why it is important to close their bank accounts as soon as possible.

Here’s a story that I need to share.  A client enrolled the other day and I told her that she needed to close her account since she enrolled her credit cards on auto pay.  Since we cannot stop auto pays from taking money from someone’s bank account they have to close it.  The client called a few days later complaining that her account was overdrawn.  When I asked her if she did what I had asked her to do, she said that she took all her money from the account.  I then asked her why she did not close it like I told her to?  Her reply was that she thought that if she takes all the money out, the bank will automatically close it.   Since the account was not closed, the bank tried to process the auto pay that was coming in and since there was no money in the account, it was returned insufficient funds.  With each insufficient fund came a $45 dollar NSF fee and it summed up to quite a bit of money in the account overdraft.  If only the client had followed instructions, this would not have happened and it was not our fault so we cannot assume responsibility.  The lesson here is to not have auto pay and to follow instructions so that you do not suffer the consequences.

If you need help to get out of debt call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 121

Q:  I thought my lawsuit for an unpaid debt will eventually go away.  Now there is a lien on my house.  Can you help me?

A:  Let’s go back to the beginning of this story so that I can share it fully with the readers.  A client called sometime in August, last year, regarding a summons he received for an unpaid debt.  He was working with one of my assistants.  My assistant told him to fax over the summons so we can see exactly what the attorneys of his creditor is asking for.  The client never faxed it and my assistant kept calling him for the next few days to let him know that there is only 30 days from the receipt of the summons to file an answer in the State of California.  The client never responded back and we just went on with our business.  I told my assistant that he probably thinks that it will go away on it’s own.

A few months went by, in March of the following year, the client called again.  He said he received a judgment in the mail for the same unpaid debt.  My assistant told him to fax it over so we can see what the attorneys of your creditor is asking for.  Again, he did not fax it and my assistant kept calling him again.  One  month passed and he called back.  He told my assistant that he received a letter from the county that his home now has a lien.  This makes the title of the home dirty meaning there is an attachment on the title.  The home cannot be sold, refinanced or transferred unless the attachment is paid off.

Some clients are very hardheaded when we explain how things escalate to severity if they do not attend to it.  When I finally spoke to him, he was even blaming my assistant that she dropped the ball in August when he first called.  It’s ok.  He can blame everyone else including me, but at the end of the day, it was not us who was served the summons.  It was his responsibility to file an answer within the guidelines of the law.  I told him that even if he were to get into a program that we were not out of the woods yet as I also explained to him the consequences.  Even if there is a lien on his property, there is no guarantee they will not garnish wages or levy a bank account so it is necessary for him to close all his bank accounts and cannot have one until the case is settled.  Life took a turn for the worst.

If you need help to get out of debt and even judgments, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 122

Q:  Is refinancing your car loan a good idea?

A:  Most people do not know that a compounded interest means you the borrower will pay most of the interest during the first few years of monthly repayment.  The method of calculating interest used by the bank is called Compounded Interest calculation which very much differs from what we normally know as Simple interest.

Simple Interest is merely taking the principal multiplied by the interest rate then multiplied by the length of time of the loan.   Meanwhile, Compounded Interest is the principal multiplied by the interest rate, multiplied by the number of times the interest is compounded in a year, then multiplied by the number of years of the loan to give you the total value of the loan.  As you can very well see there are more components to the calculation using the Compounded Interest method.

Having discussed these, we can now go into why it would be unwise to keep refinancing your car.  When a bank loans you money for a car, they calculate the interest using a Compounded method.  In using this method, the bank’s interest gains are earned mostly in the beginning of the loan thus paying very little on the principal during the early stages of repayment.  As  time goes by, more of the monthly payment will apply to the principal.  This lets the bank get it’s earnings earlier in the game.  It’s just the way they do things in financing.  If you pay your car for two years then hope of refinancing it for less interest, you are actually adding to the interest you have already paid.  This is mainly why it is not advisable to refinance an automobile loan.  I do not see a good reason to refinance a vehicle in any way.

I usually ask people that I speak to why they do it.  Some answer that a bank was willing to consolidate all their vehicle loans.  That would be great if they consolidate them without charging you any interest but if they charge you even at the same rate that you are paying now, you are still at a loss.  My advice, don’t fall into the interest paying loan trap.  Save your money for yourself.  You owe it to yourself since you worked hard for it.  Every penny spent on additional interest is money thrown away.

If you need help to get out of debt, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 123

Q:  Why do bank charges keep going up?

A:   I remember when bank charges for NSF fees was $10 per event.  This was probably around 30 years ago.  I also remember when the price of a first class US postal stamp was 10 cents.  But folks, prices always keep going up due to inflation and regulation.  The federal government is in charge of banks.  Aside from inflation, banks have to deal with their boss and that is the Federal government.  Even if a bank is a business, they report their activities to the Federal government.  The Federal government also want to make sure that the banks are not involved in criminal activities.

During the financial meltdown in 2008, the Federal government started looking more into the activities the banks got involved in.  The officials of banks got involved into giving out predatory loans to unqualified customers in the hopes of hitting bonuses.  It was greed, nothing else.  So the Federal government came down on them and bailed them all from collapse while imposing more regulations so the meltdown does not occur again.  In these regulations, the banks sources of different types of revenues were cut.  Interest rates were regulated so that the bank cannot overcharge clients.  At the same token some of the services that banks don’t normally charge fees became the bank’s only source of possible income in order to balance out the equation.

Banks do not manufacture money.  They do not pay their depositors interests with other depositor’s money.  They make out loans with the money that depositors put in their bank.  They charge an enormous amount of interest to cover bank employees  salaries, rent and other overhead expenses.  So if the Federal government controls the interest rates and charges, they need to find ways in order to keep the bank operating.  That is why bank charges just keep on going up.  In most cases banks charge as much as $50 for NSF fee.  That has gone up 5 times from when I can  remember it to be.

Inflation contributes into these charges as well.  The prices of everything around the bank keeps going up like rent, employees salaries and overhead keep increasing so they have to keep up with the times in order to keep their doors open.

If you need help to get out of debt due to extreme credit card interest rates, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 124

Q:  What happens to collectors who break the rules of the FDCPA?

A:  The FTC will shut them down once they are done with their investigation and  can prove that the Debt collector has broken the law.  There are a lot of times I get calls from clients crying because some  collector called them and told them they were officers of the law and that they were going to come to their home and arrest them for none payment of debt.  In most cases the client is not aware of their FDCPA(Fair Debt Collections Practices Act) rights.  All consumers have a bill of rights as well.  It’s not just the banks who loaned out the money who has a right to protect their investment in you.  You, as a consumer have rights against harassing collection practices.

Under the Fair Debt Collection Practices Act, the Debt collector cannot:

  • Use or threaten to use violence
  • Harm or threaten to harm you, another person or you or another person’s reputation or property
  • Use obscene, profane, or abusive language
  • Publish your name as a person who does not pay your bills
  • List your debt for sale to the public
  • Call you repeatedly
  • Place telephone calls to you without identifying themselves as a bill collector

If a debt collector has done any or all of the following to you then you have a case to go after them or file a complaint with the FTC(Federal Trade Commission).  When the FTC finally shuts them down, they will be  prevented from accessing any of their files and cannot continue to pursue any ongoing collections.  They will loose money on subjects who are making monthly payments to them.  So, don’t be afraid to uphold your rights.  You can fight back.  You can tell them to stop bothering you and to stop calling.

Debt Aid Consulting is a big advocate of protecting your consumer rights.  We have FDCPA attorneys ready to take the challenge of going after collectors who practice harassment.  Most of them end up writing off your debt.

If you need help to get out of debt because collectors are harassing you, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 125

Q:  When I pulled my credit report, some of my debts said “Charge-off”.  Does that mean I don’t owe the debt anymore?

A:  I’m sure you’d like that very much!  In fact wouldn’t we all like that?  But, not so fast, the banks would not agree with us.  Banks would literally start closing in front of our eyes if they would let everyone get away that easy on none payment of debts.  Let me ask this, how would you feel if the bank you used was to tell you that they have to close because they loaned your money to someone who cannot or does not want to pay?  This is the point exactly.  A bank is not a money factory.  They take the money that depositors give them and loan them to other customers for a profit called interest.  Your money to a bank is generally their inventory.

A “Charge-off” is when a creditor declares that a debt is uncollectible.  In most cases it is because the debts are of severe delinquency, usually six months after the consumer has stopped paying.  This does not mean they will stop going after you and try to collect.  They have every right to get their money from you.  This is merely a status they use to inform anyone that this debt is in serious delinquency.  The debt is still legally collectible.  It also does not mean they will stop trying to collect the debt.  They can keep trying to collect the debt themselves, sub-contract the collections or sell the debt to a debt buyer.  That is when you start getting letters from different companies you have never heard from before, telling you that you owe them money and to pay up.  They can  also sue you if you do not.

So don’t ever think that something so serious as money is so easy to get off from paying.  The word “Charge-off” should not mean anything to a person who owes the debt.  There is no easy way out.

If you need help in getting out of debt because collectors are harassing you, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 126

Q:  How can I protect my Social Security or Insurance number from Identity Theft?

A:  In most cases of identity theft, Social Security Numbers are the most targeted by the thieves who perpetrate this crime.  A Social Security Number is needed to  apply for new credit and other benefits.  That is why this is the most important piece of information that thieves go after.  It is also the same reason that companies who posses people’s Social Security Numbers go to extreme lengths in order to protect it from falling into the wrong hands.  So don’t just give it anyone.  Each person living in the U.S. is issued only one Social Security Number or Social Insurance Number for Canadians.  You will not be given a new number even if you ask for one.

Here are ways to keep your Social Security Number secure.

1)  Leave your card at home.   There a not very many places who ask for your Social Security Number.  Often it will only be asked for when you apply for a job.  There is no reason to carry it around in your wallet or purse.  It only puts it at risk when you do.

2)  Always destroy documents containing your number by shredding them.  Do not think that by tossing it in the trash is enough.  Make certain that no one can access it.  This is the reason you would want to shred the document.

3)  Understand to whom only you should be giving your Social Security Number to.  Do not just give it anyone who asks for it.  Always ask why it is required that you provide your number.  I’ve said this before, your Social Security Number is not your birthdate.  Don’t give it up so easily.

A client called me and said that she gave her Social Security Number to someone in a call center in the Philippines then asked me if that was a good idea.  So I answered her with a question, why do you worry now that you’ve already given it?  That answers item number 3 which is to know and understand who you should be giving it to.

Another client called me and said that she gave her credit card number to someone in a call center in the Philippines and one week later, someone was buying a plane ticket to Hong Kong using her credit card.

Be careful of call centers.  You have no idea who is in the other end of the phone, even if they speak your language.

If you need help in getting out of debt because collectors are harassing you, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 127

Q:  Should I file Bankruptcy Chapter 13 rather than Chapter 7?

A:   A client called me and said that he went to see an attorney who told him that he can and should file Bankruptcy Chapter 13.  This client owes about $25K in credit card debts.  He was changed to part time position at his job and cannot meet his financial responsibilities.  The next questions would be if he had some real properties of value that the creditors might want to go after.  He says there is none and he only rents a house together with his family.  So why Chapter 13?  The attorney may be thinking of his pocket.

There was another client who came to see me before who just filed Bankruptcy and had it dismissed.  First, the attorney told him he can file Bankruptcy without his wife.  Second, the attorney told him  he can file Chapter 7.  This is what happened when he went to court for the hearing.  The trustee asked him where his wife was and he said that she was at work.  The trustee told him that he cannot file by himself.  His wife has to be included in his filing.  California is a community State.  Next, the Trustee asked him why he was filing Chapter 7 and does he have equity on his house.  He said yes and the Trustee told him to go back to talk to his attorney because his filing is obviously wrong.  When he and his attorney walk out of court, he told me he wanted to punch the attorney but that would obviously be the wrong thing to do.  He told him to have the case dismissed and he is fired.

Again, I must tell people, you cannot just walk away from your debts just like these people tried.  Even with bankruptcy, there are rules to follow.  If you have ways to pay your debt, they will ask you to pay up.  The attorney, in this case, just wanted to take his money.  He did the work but it was obviously wrong.

If you need help in getting out of debt, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 128

Q:  I like donating to charity but how much should I really donate in order for me not to feel bad?

A:  I always say charity is a privilege for people who can afford to do so.  No one is obligated to donate whether it be goods or money.  How bad do you feel if you missed your credit card payment because you gave the money to charity?  Should it not be as equally bad than if you have not been able to donate?

In life, I always say that too much is always a bad thing.  Even having too much money is bad too.  It makes people obsessed of finding ways not to loose what its is they already have and an obsession of getting more.  Put all things in moderation and I think you will be more gratified.  Even your doctor would recommend such an approach.

When you start feeling bad of not being able to do something like donate money, it really is more of an obsession especially if you cannot afford it.  Think of yourself first because you cannot achieve donating money if you do not have it to give.  I would approach it much like your budget.  If you cannot afford to buy new shoes every month,  then you buy a pair when you can afford it.  Not drown your self in debt because you do what you want when you feel like it.  Do things in moderation and feel good about giving a dollar than none at all.

Here’s another case of extreme donation blues.  A couple called me and asked me what to do because they always feel guilty about not donating.  When it came to tax time, they found out they can only declare so much in donations even if they gave a lot more than they should.  My question to them is are you giving for the sake of giving or for the sake of a tax deduction?  We have to take the reasons in the question into account because when they found out they cannot deduct all of the donations, then they felt bad about giving.  This is not the way people should feel about donations.  That is why give when you can and not when you cannot.

If you need help in getting out of debt, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 129

Q:  I received a letter from the plaintiff’s attorney to adjourn the hearing that was scheduled.  I did not show it to anyone since I really did not want to attend the hearing.  I was surprised that I received a judgment after a month and now a wage garnishment order.  Is that my fault?

A:  A client who was enrolled in the program called me to voice out his complaint that the program really did not help him.  He started to complain that he was never given the information in order to get through the account he enrolled which was already in legal status.  This is how the conversation went down.

I asked him why he enrolled in the program to which he answered that he saw me on TV and that I can help clients with summons, so he called.  I asked him what was the account that he received a summons for and he said it was for his repossessed car.  After having filed bankruptcy Chapter 7 where all his unsecured debts were discharged, he decided to keep his car.  Later he could not make the payments due to reduced income and the car was repossessed.  The bank sold the car and the finance company went after him for the balance between his car loan and the sale price.  He ignored it and it turned legal.  He was served with a summons and he enrolled in my program.  We filed an answer to the summons for him.  Shortly he received a hearing date.  We gave him a script to say to the judge in court.  Basically, the script was to state the severe hardship he was going through.  A week before the hearing date he received a letter from the plaintiff’s attorney requesting the court to adjourn the hearing because they could not attend.   Having read this letter, he decided that he should not attend the hearing without checking with the program attorney nor with us.  A month later, he received a judgment.  He was so confused as to why he received the judgmet.  Still not telling anyone that he received that letter and did not attend the hearing until he voiced out his complaint to me.  I then asked him did you receive a letter from the court telling you that the hearing date was moved?  He said no and I asked him if it occurred to him  that that request may not have been sent to the court and was only sent to him?  He answered that he never thought of that.  Its a tactical move from your opponent and you bought it because you really did not want to attend the hearing.  Had you asked anyone if you should attend, we would have told you to.  If you showed up and they did not, then the case would have been dismissed.  He then became quiet and figured that he’s been had.  So I then asked him who’s fault would that be?  He answered it was all his.  I told him that the reason why he asked us for our help is because he had no experience in these matters but then he decided to do things on his own and that is the reason he now has a wage garnishment order.

I always tell clients that if you can solve your problems on your own and know how, by all means, please do so.  But if you do not and ask for our help, do not start making your own assumptions and decisions.  That’s when the process breaks down.

If you received a summons and need help in getting out of debt, call Debt Aid Consulting.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 130

Q:  I am trying to rebuild my credit.  What is better a Prepaid card or a Secured card?

A:  This is one of the best things someone had asked me this whole week.  Everyone I speak to wants their problems to disappear as if I had a magic wand that would magically make their debt problems disappear but this one,  wants to accomplish something by doing the work.  I admire this person.

Let’s answer the question as speedily as I can.  When you get a Prepaid card, you actually have to put money into the identity of the card before you can use it.  The identity of the card is basically the card number and the servicing company who owns the number.  Some also have excessive fees so please save yourself some money and select one that has minimal fees.   A Prepaid card though works much like a Debit card.  It will only let you spend up to the amount of money that was entered into the identity of the card.  So in essence if you put $1,000 into the card, you can spend up to that much.  You also do not need to worry about receiving a statement or a bill from a cut off date.  You can use it until it runs out of money.

A Secured car however works like a Credit card.  It has a cut off date and a statement date.  Mostly, a bank will own the Secured card.  You need to open an account with them and deposit money into that account.  However,  they will freeze the amount you wish to secure for the spending limit on the Secured card.  This is called a collateral.  This collateral secures the bank that you can only use the Secured card up to the limit of your Secured deposit.  Some banks do have fees for the Secured card so just like a Prepaid card, pick one that does not or charges the least fees.

The most significant difference between the two cards is that if you wish to rebuild credit, the Prepaid card will not do that.  It does not keep your vital personal information to increase credit score.   The card that would accomplish that would be the Secured card since the bank treats it like a Credit card except it has a collateral.  It is also reported to the credit reporting agencies.  As long as you pay it every month like you’re supposed to, then it will work for you.  It is a win-win for both you and the bank.  They get to keep your money for as long as you keep the Secured card and you get to use them to increase your Credit score.

If you need help in getting your credit scores up but still have debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 131

Q:  Why do I keep ending up in debt with my credit cards?

A:  I always tell folks, credit cards are not free money.  You have to repay everything back with interest.  This is one of the reasons why people usually end up getting buried in credit card debt.  It is also easier to spend money when all you have to do is sign for it.  You do not actually see cash going out.  Some fall into severe debt for reasons that they cannot control or unavoidable circumstances.

Here are some reasons why people fall into severe credit card debt:

1)  Treating credit cards like it was part of your income.  Credit cards are exactly the word they use, a card that let’s you use credit.  It is neither an extension of your income or debit card.  When your debit card runs our of cash, some people think it is fine to start using the credit cards.  It is only fine if you can pay it off when the statement arrives.  The best solution is when the debit card runs out of money, stop spending.

2)  Trying to be who you’re not.  In most cases people get caught up in a competition with their friends, relatives or even their neighbors.  Keeping up with the Joneses is not a good thing.  It makes you spend way out of your budget and start tapping on the credit cards.  If your budget does not allow you to spend unwisely, then how can you think that you can repay the debt?  How do you know if the person you are competing with is not really buried in debt?

3)  Needs versus wants.  I need this versus I want this is always the best approach for healthy spending habits.  We all want something that we cannot outright pay for but financing it only increases the price of the item.  If you want it that bad, why not save up for it?  A lot of retailers want you to think that this item will go away if you do not buy it now.  That’s how they increase sales and the financing company make money.  Be wise with your money.  You worked hard for it.

4)  Not knowing how to control finances.  In most households of couples who call me, the woman is the one handling the finances.  Very seldom do I get a call where the husband takes care of the finances.  What does this mean?  Are women naturally just inclined to take care of household finances?  Mostly within a couple, the wife is the one who takes the initiative for buying a home, takes care of the the family’s needs, etc.  Most of the men want their toys like the large screen TV, the nice car, etc.  My advice is always for the couple to sit down when there is a sizable purchase needed for the household.  Look at the budget and see which direction is the best.  Financial literacy is not rocket science.  It is a basic how much comes in and how much goes out.

5)  No emergency funds.  This is one of the major reasons that people start getting in real severe trouble with their credit cards.  When there is none or a lack of emergency funds, the first thing that comes to mind are the credit cards.  The part where they have to control spending is last on the list.  Remember none of us know when  an emergency will hit.  Most emergencies will need money to get through it.  Always be prepared.  How do you prepare?  I always suggest one year’s worth of expenses for an emergency fund.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 132

Q:  Can I be arrested at the Port of Entry if I have not paid my credit card debts?

A:  I have not heard of the Immigration and Custom officials to be Debt Collectors as well.  There are a lot of clients enrolled in the program who call me asking if they will be arrested at the Port of Entry when  they come back from the Philippines.  I reply to them  very calmly, “Are you wanted for a crime?”  They will of course say no.  So I again ask them why they think they will be arrested.  Most of them think that because they haven’t been able to pay their credit cards, they will be questioned by the Immigration and Custom Officials.

Here is the answer to this question.  Not being able to pay your credit cards is not a crime.  You can go out and back into the U.S. as many times as you want and the part of none payment of credit cards will never be an issue.  If you however owe Child Support payments then you may be arrested, but this is a different topic.  Another is if you were part of a fraud for credit card use, but again this already qualifies as a crime and we are discussing this under the assumption that you are not wanted for any crime.

Other clients have asked me that since they have some pending litigation regarding their credit cards  if they can be stopped at the Port of Entry.  Litigation with credit cards are of a Civil matter.  They are not criminal in nature.  As long as you are not missing any hearing dates because that could affecct the outcome of your case then you should be fine.  Again, you can go out and back into the U.S. as many times as you want and the part of none payment of credit cards will never be an issue.

It is very natural of most Filipino-Americans to be law abiding and God fearing people.  So at the end of the conversation, you can hear the sign of relief from the clients once they hear my answer.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 133

Q:  Which will get me out of debt faster, moving balances to a zero % introductory credit card or debt settlement?

A:  From this question, I take you are still paying your credit cards on time and have good credit since you are still getting offers from credit card companies.  There are more items to take into account before arriving at an answer.   We also need to know the major objective in becoming debt free.

With this question here are two answers for the two objectives that may be prospected by the client.

1)  If you would like to be able to payoff all your debts without paying as much interest possible and maintain a good credit at the same time, then you may want to take advantage of zero % interest introductory credit card offers.  By doing these balance transfers to a zero % 1st year offers, you can continue paying your credit card debts without accruing any interests for a whole year provided you stop using the credit card for purchases.  Depending on the size of the balance, you may have to do this a few times in order to rid yourself of the whole balance.  Remember, the objective is to become debt free.  To keep using the credit cards for purchases defeats that purpose.

2)  If the objective is to become debt free at the shortest period of time with the least amount of money out, then debt settlement may be the best route.  Bankruptcy will ruin you from 7 to 10 years so stay away from it.  Doing settlement whether by enrolling in a company who offers these services or doing it yourself will save money in as much as half of what you owe.  The down side being your credit standing will be negatively affected can be recycled within a couple of years after all the debts have been settled.  There are also no more purchases to be added to the credit cards since those will be terminated by the creditor.

So, depending on what the obljectives are, then these answers may assist you in making the right decision.  Remember, there are no overnight solutions to debt problems.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 134

Q:  How can I get my name off a student loan that I co-signed?

A:  When you co-sign a loan, you become equally liable for the loan as the person who took it  out.  In most cases, the person taking out the loan has bad or no credit.  That is the reason the banks would not approve them for a loan.  When you co-sign for a loan, you must be 100% prepared to pay off the loan for the other person if they default on it.  That is why never co-sign for a loan.  It does not matter if it is a student, car or or any kind of a loan for that matter.  If the person who took out the loan defaults, the creditor has every right to collect from you since you guaranteed the loan.  That’s what co-signing means.

I have to tell this story again.  A client called me about her niece who cannot get a student loan.  Her sister had bad credit and could not co-sign for her child so she did.  After a few months in school the niece got pregnant and stopped going to school.  The niece claims that she never finished the course so why should she have to pay for it?  The sister kept promising to pay for the loan but was not making any effort to.  So my client, the Aunt ended up paying for the loan since she does not want her credit damaged.  Now the sisters don’t even speak to each other.

See what I mean.  You will create enemies out of friends or relatives when they do not want to pay up and you will end up paying for it.  So the best move is to let them be angry at you for not co-signing but at least you do not have to fork up for someone elses unpaid debt and it does not become your problem.

So, if you have bad credit and cannot get a loan by yourself, give me call so we can take care of your unpaid debts and recycle your credit.  We can settle any outstanding debts for much less that you owe.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 135

Q:  How can I get my Bankruptcy off my credit report?

A:  It all depends on how long ago the discharge of the Bankruptcy was.  Generally, any Bankruptcy will be reported on your credit report for a period of 7 years after the discharge date.  Sometimes contacting the Credit Reporting Agencies is a redtape that people just would not want to deal with so they just wait until the Bankruptcy falls off the credit report on its own.  If it has been more than 7 years and you absolutely want it off your credit report, you can file a complaint with the Consumer Financial Protection Bureau (CFPB).  They will work on solving your problem with any agency who has given you a tough time on achieving your goal usually at a shorter period of time.  They also take complaints from consumers who have been wronged by companies who scam consumers.  Companies who charge advance fees have been banned by the Federal Trade Commission (FTC) but there are still some lawbreakers out there.

There are some things to consider when the Bankruptcy would come off your credit report.  If you filed a Chapter 7 which is the complete discharge of all unsecured debts, you must wait an absolute 7 years from the date of discharge.  If you filed a Chapter 13 Bankruptcy, which is a partial repayment program of all unsecured debts, then depending on how long your repayment term was, once all debts have been discharged and the court sends you the date of Total Discharge, that would be the date to start counting the 7 years from.  This is the same reason that some clients call me that they filed the Bankruptcy 9 years ago and the bankruptcy is still on their credit report, is because they are counting from the filing date.  The date for the Bankruptcy to drop off is always 7 years from the date of discharge.

So, if you filed Bankruptcy and need some help in recycling your credit, give me call so we can assist in recycling your credit.  We offer Credit Repair to our clients.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 136

Q:  I have already settled all my Credit Card debts.  Why is my Credit Score is still low?

A:  It does not go up on its own especially if you have not done anything to up your score.   There are items that need to happen before the Credit Score goes up.  First, the negative debts need to show a zero balance and has been closed.  The next item is we should have started to rebuild or recycle our credit.  This can be done by enrolling in my Credit Repair program.  You can also do some items on your own by opening small Secured Credit Cards.  Secure Credit Cards means you have to open a checking or savings account with a financial institution, mostly banks and use the deposit as a Security for your Credit Cards.  That’s why it is called a Secured Credit Card.  By using these cards and paying them off monthly it adds to your score as long as you pay on time.  In about a year, you will get offers for a real Credit Card but you will only be approved for a small Credit Line.  This is ok.  We do not want you to be overwhelmed with debts again.  Use and pay off every month as well and in a few months, the banks will increase your Credit Line without even asking for it.  This time you know that you should not abuse Credit Cards.

So, if you need some help in recycling your credit, give me call so we can assist in recycling your credit.  We offer Credit Repair to our clients.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 137

Q:  How long would it take me to pay off $10,000 in credit card debts?

A:  I could imagine that by now you have been trying to pay off these debts for quite sometime and are eager to be done with it.  It is taking some time because of the APR associated with the use of the card and its balances.  If you can only continue paying them month after month, someday they will all be gone, unless you are still using the credit cards.  The question is not so easy to answer, but to answer the question depends on 3 items as long as the credit cards are not used anymore.

1)  Are you making only minimum  payments?  The payments that you choose actually plays the biggest role on how soon you will be done with it.  Do not fall for the minimum payment routine.  As you make more payments, the minimum payments on those credit cards gradually goes down as well.  This is how the bank maximizes it profits from your balances.  If you follow the minimum payments on the statements, it might take you between 20 to 28 years to pay them off depending on the interest rates.

The best way to address this is to look at your budget and set an amount you can pay every month and to keep paying that amount until the debt is paid off.  Do not rely on what the statement says.

2)  What is your interest rate on purchases and on cash advances?  Depending on how you use your credit cards, whether for purchases or cash advances, the interest rates normally differ between the two.  Cash advances are normally higher.   Credit cards normally charge between 9% to 29.99% for purchases but cash advances use the highest allowable interest rates they can  charge on a normal basis.

If you have multiple credit card balances, you might want to consider transferring the balances to one card that offers a one year 0% introductory interest rate so you do not accrue any interests for a full year, thereby maximizing your payments to all go into principal.

3)  Can you pay a little bit more?  By revisiting your budget from time to time and making the goal of paying off existing credit card debts as the goal, you may be able to squeeze just a little bit more and be able to be done sooner.  This will save you money that goes into interest by a big margin.

So, if you are up to your neck with all your credit card balances, give me call so we can assist you in becoming debt free.  We offer Credit Repair to our clients too after graduation..

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 138

Q:  I lost my income tax refund and now I am being garnished.  How do I stop a Federal Student Loan Garnishment?

A:  Why do we always wait to the worst situation before we ask for help.  If this client is working, clearly, he ignored collection efforts from the Department of Education.  I can help you with your problem though.

Here’s what you must do in order to avoid your Tax Refund from being taken away from you.  The Federal government cannot take away what it does not have so you need to go to your Payroll Department and ask them to help you calculate via your W-4 form how much you have to claim in order for them to take the least amount of taxes from you every payroll.  By doing this, you will have more Net Pay rather than end up paying more in Tax deductions.  At the end of the year, you must likely break even in what you have to pay in Taxes to the IRS or owe just a bit.  Thus, this solves the problem of your Tax Refund being taken away.

Next, the Department of Education do not need to sue and win a judgment against you in order to garnish wages or levy your bank account.  They can do this without your consent and you really have no way out of it.  The best is to consolidate your Federal Student Loans before it gets to garnishments but since you have not done so, you must contact them and start a dialogue.  You will want to get back on track first before you can begin a Consolidation process for your Federal Student Loans.  The Department of Education has a Loan Rehabilitation Program.  They will re-assess your ability to pay and put you back on track.  Once this has been started, you can begin a Loan Consolidation process for all your Federal Student Loans.  You might even qualify for a Loan Forgiveness at the end of the program term.

So, if you are being squeezed by your Federal Student Loans and seems like there’s no way out, call Debt Aid Consulting.  We have a variety of programs that can help you get out of debt even with Federal Student Loans.

If you also need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 139

Q:  I was the victim of the closure of a local college.  What is to happen to the Student Loans I took out?

A:  I heard about this when it happened.   In most cases, schools like these either loose their accreditation meaning any class you take from them does not have any credits if you transfer them to another school.  For example, if you took an English 101 class in that school, it would not be credited at a different school.  In short, the school and their courses are worthless.

Another cause is if the school owes so much money that it cannot turn a profit.  It merely just one day ceases to open their doors.  I heard of another case like this.  Which ever your case is, one fact remains.  You owe the Student Loans you took out.

Here are some ways to address this issue but I am afraid you might not like the answers. You need to take the classes that you took in these schoolsagain.  Mostly, the Department of Education checks the schools and accreditation before sending the money out.  I am sure that Private Student Loans follow the same procedure.  It is like buying a car.  The financing company makes sure that the car really exists before they approve the loan and send the money out.

You need to move immediately to an accredited school with a comparable program and finish the course.  The new school will evaluate the work you have done  from the previous school and decide if you have earned the credits for that course.  You will continue to get the Financial Aid that you qualified for without any disturbance.

If you decide not to continue with school due to closure, you must check with the Department of Education if you qualify for the guidelines for Student Loan Discharge.  They have guidelines in order to forgive your Student Loan.

If you have private student loans and are stuck with it, give me call so we can assist you in becoming debt free.  We offer Credit Repair to our clients too after graduation..

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 140

Q:  Have you heard that  baggage handlers in NAIA are stealing from luggages being checked in?  Now why would you give your Social Security Number to someone in a Call Center in Manila?

A:  Clients need to be careful who they give their information to, especially if the person on the other end of the line is in a Call Center in Manila.  So why would this be a problem?

Let me tell you a story that happened to me.  My wife and I went to Manila early this year to meet with partners from GMA network TV.  While we were there we went out with relatives and I took care of the bill.  I used one of my credit cards.  One week after I returned to the U.S., the credit card company called me and asked me if I have been in Bangladesh in the last couple of days.  I told them that I have not but I was in Manila the week prior.  They then told me that it is possible that someone in Manila used the information from my credit card and gave it to someone in Bangladesh to make purchases.  Unfortunately, the person there has already made a few of them when they called me.  They started out with small purchases then the amounts kept getting higher as they made more.  The credit card company told me that my account has been hacked and that I was not responsible for the fraudulent purchases.  That was fine and dandy because I was not going to pay for it anyway.

The inconvenience from the fraud was extensive.  First, I was not able to use the credit card until I received a new one in the mail and it took a while.  Next, I had to sign multiple affidavits that I was never in Bangladesh and did not authorize or make the fraudulent purchases.  The questions in the affidavit made me uncomfortable.  This whole process took about three weeks out of my time that I could be using for something that really needs my attention as a businessman.  I told my wife that this is the reason that it is very hard to trust someone in the Philippines.  There are too many thieves and it is very hard to trust anyone.

Since I am in a business where clients information is given to me by a virtue of trust,  this brings us to the question of why would you give your precious information to someone in a Call Center in Manila?  I think the answer is simply not to!  It is too much risk to even try!

If you have overwhelming debts and do not want to talk to someone in a Call Center, give me call so we can assist you in becoming debt free.  We never have and never will use Call Centers in Manila or anywhere else for that matter.  We also offer Credit Repair to our clients too after graduation..

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

 

Itama po natin! By: Ben Lou

Segment 141

Q:  When I changed jobs to get better pay, I was not informed of the benefits being  so bad that I will end up paying more than the increase I got.  What should I do now?

A:  A client who was enrolled in my program contacted me regarding a dilemma he faced.  Apparently he found a new job who who offered him more than what he was making.  When he went for the interview the manager liked him so much that he was offered a handsome increase from his salary.  So he took the job.  It sounded like a fairy tale until it was time for health insurance open enrollment.  He found out that he was to pay over $800 dollars  for his family coverage in health insurance when he only paid $200 dollars with the company he left.  So when I asked him, did he ask about the employee benefits when he interviewed for the new job?  And his reply was “Not in so many words.”  So basically, he did not ask about it.  Also, the wife’s job’s open enrollment for their health insurance is not until next year, so that’s a no go too.

I told him that those should be next on the list of questions for the interviewer after discussing Pay.  What kind of employee benefits do they offer to their employees?  I also,  told him that if he called me to get some advice on how to go about this new job prior to the interview, I would given him the best advice and a list of questions to ask.   But what happened was he went forward without asking and based on the assumption that the employee benefits would be the same as his old job’s, took the job.

So now comes the question for me is, how can he stay in the program when he has to dish out all this money every month considering the damage was already done.  My answer to him is he now had to decide on what is most important to him.  Debts, health insurance or credit repair.  I told him he might need to file bankruptcy and include his wife’s debts too.  He is still thinking of what to do.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 142

Q:  I enrolled in a Legal program from one of your competitors.  How can I get my money back when they keep lying to me as to where my money went?

A:  There are still some companies who insist on charging advance fees even after the Federal Trade Commission’s decision on October 27th, 2010 to make this unlawful.  Despite of this decision many companies started to exploit certain languages in that law to bend it and still continue their wrong doing.  Many of them have already been shut down but there are still some who have managed to stay off the radar.  If you have been a victim, you must be vigilant in getting your money back.  Do not be intimidated by letters from these companies attorneys vowing to protect them knowing that their clients are breaking the law.

You can start your demand letter by sending the company a certified, return receipt letter demanding for your money back or you will file a complaint with the following government agencies.

1)  Consumer Financial Protection Bureau

2)  Your Attorney General’s office

3)  The Attorney General where the company is located

4)  The Better Business Bureau

5)  Any local Consumer Affairs office

6)  The Federal Trade Commission

7)   Any Trade Association where the company is affiliated with

8)  You local TV station who can do consumer investigations

9)  If the company says they have an attorney, the Bar Association

10) The Federal Bureau of Investigations

I think by contacting these agencies,  you will get their attention and more likely get your money back.  Next time stick to companies you can trust who tell you the truth like Debt Aid Consulting.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 143

Q:  I keep trying to start an emergency fund but I keep using it because it is with my checking.  Where should I keep my emergency fund to avoid using it?

A:  Unfortunately, we are all victims of luck and chance.  Everyday there seems to be something that comes up where we have to pull from an almost empty pocket and spend it on a new tire, an unexpected repair or any unforeseen expenditure.  Funny that these emergencies come up when you are trying to save money for your emergency fund.  Let’s face it!  Should we just give up on an emergency fund because it seems undoable?  Let’s not!  After all this is for your own good.  The only thing that you do not have, is a science on how to go about it.

As I have always said, these days you will need at least a year’s worth of emergency fund in case of layoff, job loss or health reasons.  To prepare for something like this, I always recommend to people to not be in a deep hole when it comes to credit card debts.  You do not want to be stuck with a payment you can’t afford in case you loose your job and are leaving on unemployment and emergency fund.  Admit it we must, it is quite easy to just swipe the credit card and away we go, but the agony comes when the bill becomes due.

Let’s answer the question before we get too sidetracked.  The best place to put your emergency fund is somewhere where it would be a task to get it like a short term investment.  Never commit your emergency fund to a long term investment since you will never be too sure of when the emergency will come.  Short term investment is the most conservative approach and you can’t go wrong.  Interest savings accounts are notmy ideal choice for an emergency fund since it yields very little interest for the amount of investment and it is very easy to get to.  A short term  money market account or a short term time deposit account is ideal for this goal.  But if you are doing time deposits,  make sure to break up the deposits into groups where maturity comes at different times so that the money is not all tied up at the same time with the same maturity.  This will allow you to take what you need as they mature and not to if the necessity has changed.  Please do not hide your emergency fund under the bed mattress.  This is very unsafe.

If you need help in getting out of credit card debts so you can start your emergency fund, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 144

Q:  My car is paid off but old.  Should I just buy a new one?

A:  That all depends on your definition of old.  Does your definition of old mean that the car has a lot of mileage but is a new model and year?  Or does it mean old model and year but little mileage?  Or even both old model and year plus a lot of mileage?  Let’s explore the pros and cons of the existing situations where we can justify buying a new car.

I am thinking that you currently have no car payments so these are different scenarios that can help you decide on whether you should get a new car.  First, I want you to think if the desire to get a new car is a “Need” and not a “Want”.  Next, can you afford the new payments?  So if your car is old with a lot of mileage, the next question would be if it is a dependable vehicle.  If it is, I would keep it until it stops running especially if you keep it well maintained.  If it has a lot of mileage but is still rather new, you would not be getting much from it if you tried to trade it in with a dealer or even tried to sell it on your own.  The Blue Book normally does not lie with what the value of your car would be so I would check that.  If it is both old with a lot of mileage but you have kept it maintained properly, just keep driving it if it is dependable.

If you ask me, a car is a necessity.  It should get me to work and back home without any trouble.  It takes me from point A to point B just the same.  I actually prefer to drive my 10 year old car than the new car my wife drives.  I’m more comfortable in it.

A new car means new car payments, higher insurance and higher registration fees.  Also, you might not want to drive it everywhere especially places where they have small parking stalls.  The newer cars are also more expensive to maintain since most of them have to be taken to the dealer for service.  Save the money!  You may find something much, much more important that you will use it for.  Or you can put the money in your emergency fund.  That’s how I think.

But if you need help in getting out of credit card debts so you can start your emergency fund, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

 

 

 

 

 

Itama po natin! By: Ben Lou

Segment 145 and 146

Q:  Can I audition my kids with Debt Aid Consulting for their TV ads?

A:  OF COURSE!

Details for the Auditions at the One Kapamilya Go! at the Oracle Arena in Oakland on October 25th, 2015.

Debt Aid consulting is holding auditions for:
1) Boys ages 3-5 years of age
2) Children ages 6-10
3) Early teens

For upcoming and future TV commercials. Please bring any solo picture and resume if any. For talented kids, bring your music piece on a thumb drive if you want to sing or dance during the auditions. Audition forms will be available at the Debt Aid Consulting booths at the One Kapamilya Go!, at the Oracle Arena in Oakland October 25th, 2015, All Day auditions! Bring your kids and we will have some fun!

If you need help in getting out of credit card debts so you can start your emergency fund, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

A:  OF COURSE!

 

Itama po natin! By: Ben Lou

Segment 147

Q:  Sino po ba ang paniniwalaan ko sa inyo ng competitor ninyo?

A:  I was at the One Kapamilya Go this past weekend at the Oracle Arena in Oakland when a gentleman walked up to me and asked me “Mang Ben, totoo po ba ang credit repair?”  I answered “Totoo po!”  He then replies ” Eh bakit sabi po nung competitor ninyo ay hindi raw!”  Here’s the best answer to his question.  If you are on the Freeway, does it not post what the Maximum speed limit is?  Does everybody follow it?  The answer is “No!”  That is why you need the help of the Highway Patrol who enforces the Posted Speed Limits.  The role of the Credit Repair company is the same but you need to hire them in order to enforce the rules.

A good example is a client who wanted to purchase a home called me complaining that his Bankruptcy is still showing on  his credit report even after the seven years from the discharge date.  Why did this happen?  The credit reporting agencies missed to drop this negative record from from the client’s credit report.  So the client enrolled in our Credit Repair program to take the Bankruptcy off his credit report and he was able to purchase the home meaning that it WORKS.  There will always be rules and regualtions in order for us to do certain things that a client may be interested in.  In most cases, clients who have not paid their debts in years wants to clear their credit reports of this negative behavior so they can continue to abuse their credit.  This is not the purpose of our credit repair program.

So I continued to ask this gentleman, “Who would you believe?  A person who has never worked in the Financial sector, not one day in his life and claims that he is a Financial Guru?  That’s a wannabe andcallous.  Now he posts in his profile that he has been the president of his company since year 2000, but announces on TV that his company is celebrating its 7th year anniversary.  We are looking at an 8 year variance between his profile and his company.  This is what happens when people cover lies with more lies.  They cannot keep track of all the lies so it becomes inconsistent and starts to not make any sense.  Also, why does he hide the fact that their services are from negotiators from a call center from Manila, Philippines, thereby exposing your information to fraud and identity theft?  Just because someone cannot offer a service that I provide does not mean it does not exist.  He is trying to mislead you.”  And so he answered “I supposed you are correct.”  “Of course I am correct!”And for the record, I do not make claims to label myself as a “Financial Guru”,  like my competitor but this I can say, I have over 30 years of experience in Finance which is over 30 years more than I can see he has.

So if you need help in getting out of credit card debts so you can start your credit repair, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 148

Q:  Have you heard that complaints filed against AT&T because of employees in their Philippine call centers allegedly stole U.S. customers’ financial information and sold them?

A:  Hay naku!  I’ve been telling people for a long time now, giving your confidential financial information to call centers in the Philippines is very risky.  Kita niyo!  AT&T pa yan!  Panong nangyari yan?  Eh pano yung mga naging victim?  There is a settlement butmost of the time it is not enough to cover whatever damages has been suffered by the victims.  According to reports, there are 68,000 US victims and the settlement is $25M.  After you take out the attorneys fees, victims will get very little.

Kaya nga po matagal ko na ring sinasabi yung competitor ko po na Financial Rescue LLC, gumagamit ng call center sa Manila, Philippines.  They don’t even tell you that their sister company Success Link Processing LLC is using negotiators in a call center in the Philippines.  This means all your financial information is going to a call center in Manila, Philippines.  Once it gets there, you have no control over what happens to it.

That’s why at Debt Aid Consulting, we do not use call centers anywhere.  All employees and programs are all in the  US and Canada.  We do not put your financial information at risk.  We understand that once your information has been leaked to the bad guys, it becomes contraband and can be sold to anyone so don’t be a victim.  Say no to call centers!

And if you need help in getting out of credit card debts while being sure your information is secure, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin! By: Ben Lou

Segment 149

Q:  We hired a contractor whose bid was the lowest to do renovations in our kitchen using our credit cards.  We just found out he is not licensed and he did a bad job.  How do we fix this?

A:  A client called me who hired an unlicensed contractor to do some work in their house.  I told them they were lucky that person did not rob them other than what he took.  Unfortunately,  the only thing you can do is try suing him if you can find him.  The fact is you are supposed to ask for a contractor’s license before you actually get in contract with that person and hand out some money.  You are also supposed to get a permit from the city or county before you let someone start work.

I always tell people to be very careful with the people that they deal with.  It is a cruel world out there and a lot of people are out to take you for what money you have.  In your case, borrowed money from your credit cards.  You might feel bad paying for the debt since you ended up getting a raw deal.

I also tell people to save up for their renovations.  Borrowing money for home renovations will sink you real quick.  High interests and long payment terms will yield a big amount of money paid out for the loan.  I always ask, why give your hard earned money to the bank if you can keep it?  Sometimes people want to get the things they want right now and that is when banks make a lot of money.  Saving up the money before you do the work and picking the right contractor can save you a lot of headaches in the future.  So be wise!

If you need help in getting out of credit card debts so you can save up for your renovations, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 150

Q:  What is this gold chip on the new credit cards that my credit card companies are sending me?

A:  Lately, credit card companies have been very busy sending out new credit cards with a little gold chip engraved on it.  It is for your protection from identity theft and credit card fraud.   Many people have never seen these before but these new chips on the card are designed to protect cardholders from identity theft.  They have been used in Europe and Canada for quite sometime but the U.S. are just now starting to implement them onto credit cards issued here.

Why so late?  It is a very expensive process to replace all department store machines to take this type of card.  The cards must be inserted into the machine to use it.  Still there is a magnetic strip on the back of the card so if the chip does not seem to work with some machines, it can still be used.

This new chip is the latest technology to help prevent credit card fraud.  These new cards cannot be duplicated like a regular magnetic strip credit card.  The strip will not work without the chip and vice versa.  This way the credit cards cannot be duplicated and used to make purchases in different countries or places using a duplicate card.  I am sure that this will not make credit card fraud go away completely but it will deter thieves and make it more difficult for them to steal your identity and credit card information.

Do you see the lengths banks go through in order to prevent your information from falling into the wrong hands?  So why would anyone so easily give their information to call centers in the Philippines.  Beware!

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 151

Q:  Why is Black Friday the biggest shopping day of the year?

A:  It is the biggest but not the best if you are to shop for the best price.  In fact the best shopping day would be after the New Year.  This is the time when retailers drop prices the largest.  Whatever items are leftover from what they wanted to get rid of is dropped in price even more.  Anything left after this final sale is then sold to discount stores.

So why is Black Friday the biggest shopping day of the year for everyone?  First, it is the last longest weekend before the Christmas holidays.  Next, Christmas is the day of giving, so people want to give to as many people such as relatives, friends, co-workers and charities.  Here’s the catch.  Retailers want a piece of the pie.  Since people are  willing to give, retailers drop their prices some so that people are able to afford it.  At the same time, this is when retailers are going to be able to sell out old stock items at a discounted price before they are sold to discount stores.

On another note, this is also when people would use their credit cards the most.  They will be spending money they don’t have, money they are not sure they will make or create debts that they have no idea they can pay.  Make sure to spend and use credit cards wisely.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 152

Q:  Can you help me with my back Spousal Support?

A:   A client called me asking if I can help him with his wage garnishment from arrears in Spousal Support.  He proceeded to tell me that he does not know why she is now going after him for the Spousal Support when she was leaving with him even after the divorce for economic reasons.  I then asked him if he was issuing checks to his wife for the required Spousal Support and just having the wife pay him for rent and other necessities.  He said he did not.  That is what he should have done.  That way, he would have evidence that he made the payments.  She can cash the check and then pay him for her share of the expenses.  He claims that someone gave his ex-wife advice to go after him.  I think we should all be smart when it comes to court ordered payments.  Always have supporting documents in case the other party goes after you.

I told him there would be no program that can help him minimize the wage garnishment.  He asked me if I can pay it for him and he can pay me back?  Here is the honest answer for clients who think we pay other people’s debts and they can pay us back.  We do not.  We do not put people in the position  they are in when it comes to paying their debts.  That is not our responsibility.  We think clients who borrow money should be responsible enough to know if they can pay them.  Once the client borrows money or even use credit cards without knowing whether they can pay or not is solely irresposible.  This is why we have programs that can help them get out of certain debts.  But not all debts are accepted.  The programs can only do so much for the clients.  Also, when the client enrolls in the program, it does not mean that they passed their responsibilities to us.  It is still their responsibility to do their share so that their program will be successful.

If you need help in getting out of credit card debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

 

Itama po natin! By: Ben Lou

Segment 153

Q:  A debt collector is chasing me for debts I do not owe.  What do I do?

A:   A client called me because a debt collector is hounding him for a payday loan that has been outstanding for a year.  “Am I a victim of fraud?”, he asked.  While I always take the stories clients tell me with a grain of salt, this client sounded genuinely concerned.

In this conversation, I asked him if he has been a victim of identity theft or even knows if he is?  But he does not seem to think so.  In most cases, victims of identity theft suffer severe damages to their credit history, not just with one creditor.  I am thinking someone he knows pretended to be him and took out a payday loan.  Unfortunately, we cannot check who took out the payday loan since it is with a debt collector.  In most cases, debt collectors will be the hardest to convince that it was not you who took out the loan.  They will perceive that you are trying to talk your wau out of the debt and will just push harder if you start a dialogue.

On another note, this collector has already proceeded with violating the client’s rights by sending him letters that they will contact his employer about his non payment of debts and that they will get him fired.  This is a complete disregard for the FDCPA laws which protect each and every one of us from collector harassment.  This client, even if he truly does not owe this debt has a big case in FDCPA violations and will most definitely have this debt written off.

Mostly collectors of payday loans are known to use abusive collection tactics with complete disregard for the FDCPA laws.  They say things like, “I’m going to have you arrested’, or “I’m going to have you thrown in jail” or some other mind bending scheme just to get you to pay up. Some of them even show up at employers’ sites.  When  clients tell me this, I tell them to call the cops.  These tactics are all illegal.

If you need help in getting out of credit card debts, or even payday loans, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 154

Q:  My husband and son both claimed me for a year in ObamaCare.  Now the IRS is charging me for double dipping.  What should I do?

A:   A client called me with a very big problem.  Her husband and son both enrolled her for the benefits of ObamaCare.  After her and her spouse’s taxes were audited by the IRS,  it revealed that there was another person in their family who applied her for this benefit.  They did not discover this until the IRS notified them.  They were faced with a very large charge back.  The client informed me that she did not even use the benefit much less know about it.

This is how I explained it to her.  If you have a car and if you signed up for two different insurance policies for it, you will have to pay for both policies.  Even if you used or knew of only one.  This is the same thing that happened to them.

I did put her in a Tax program that I have.  After two months she started complaining to me that they wanted to charge her the fee but cannot guarantee that the fine would be forgiven by filing an appeal.

This is what I always explain to people who always wants a guarantee when they hire other people for their services.  This an example that I always use.  You were in a situation where you charged with stealing.  You hire an attorney to defend you.  You tell the attorney that you will not pay him unless he can get you off and have the case dismissed.  The attorney seeing that all evidence and witnesses say that you are the perpetrator and can only get you plea deal with the district attorney for a misdemeanor with two years prison time rather than go through trial, loose and you go to prison for five years.  This would be the best deal for you.  Getting the case dismissed is not on the table.   Only the prison for five or two years.  There is no in between.  Our job is to get the best result for you even if sometimes that is not the result you want.

After I explained this to her, she backed out of the program.  She will look for a different program who will tell her what she wants to hear, charge her and deliver nothing because it is not possible.  If I were this client, I would start making payments rather than waste time trying to undo something that has already been done.  As she wastes more time, the interests and penalties accrue more every month.

If you need help in getting out of credit card debts, or even tax debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 155

Q:  I can’t seem to find the right debt program because I want onewhere my Credit Score would not be affected.  Do you the have the right program for me?

A:   A client called me with multiple rental properties, makes over $100K per year but owes $80K in credit card debt.  She said she has no problem paying the credit cards monthly but it seems she has been paying forever and wants to get rid of the debts without paying the whole thing.  In short she wants to get away from paying all her debts.  The problem why she could never find the right program is that she does not want her Credit Score to be affected negatively and does not want her credit cards to be closed out.

“How hard it is for the rich to enter the Kingdom of Debt Relief.”   I have encountered much of this in my business.  Plenty of the times, clients who have the ability to pay their debts without any problem call me and ask for a program that does not affect their Credit Score negatively but insist that they are having a difficult time paying their debts.  In most cases the more money people make, the stingier they are.  They do not want to let go of what they have and they are the ones who insist on  the biggest discounts and free stuff.

So this client kept insisting that she has hardship and kept talking about how her hardship is taking over her life.  But when I mentioned to her that her Credit Score will drop and might get some calls before the Power of Attorney goes out, suddenly there is a big hesitation from entering the program.  The truth is, when someone is in real hardship with regards to paying their debts, they should not care about their Credit Scores being negatively affected.  How can you?  If you borrow more money, you will not be able to pay it since you are already up to your neck with your current debts.  To add fuel to the fire, when I said the credit cards would be closed out, she was in disarray that she cannot use them anymore, going back to the same thing I just said about borrowing money that you cannot pay anymore.  The fact is there really isn’t any hardship.  She wanted to to pay less for her debts or maybe not even pay.

In the end, I told the client that our program is truly for clients who are in severe hardship.  These are clients that use money that they should be buying food with, end up giving it to their creditors out of fear of not being able to pay.  Clients who are willing to not use their credit cards again and do not worry of their Credit Scores going down because all they want is to be rid of the debts that haunt them day and night.  Those are the clients who should be in the program.  Clients who can pay their debts, and do not want the negative effects of being in a program should continue paying as quickly as possible in order to refrain from paying a lot of interest.

If you need help in getting out of credit card debts, or even tax debts, call Debt Aid Consulting.  We have free Credit Repair after your program.  We do not use call centers which keeps your information safe.  We have a new program that keeps collectors away.  You need not even have to bother with them.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  No one else has this program in the market.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 156

Q:  I want to give my wife some piece of mind for the new year regarding our mortgage being  behind three months but where do I even begin?

A:  I admire people who want to be rid of their problems and are willing to search for the right answer.  I had  the right answer for these two.

A couple called me from Los Angeles, California who were three months behind on their mortgage payment.  The husband was the first to speak to me and he had a few questions before we got to the main subject.   How can they get caught up on their mortgage?   My first question was how did they end up in this situation.  The husband kept saying that he can’t seem to get a hold of their finances to identify the problem.  Having heard this, I knew they were both lost and needed some help quick so I changed the question a bit.  I told him that the information he was giving me is the effect of the problem and not the root cause.  So I told him we need to back up a little and find out when this started happening.  Then it became clear to me what they were faced with.  He said that it all started when they bought a house.  Shortly after having purchased the home, he had to start working part time jobs to make ends meet.  Shortly after, even having a part time job was not enough anymore.  They started falling behind on their mortgage and they started taking money from their credit cards to make ends meet but it got to a point that the payments on the credit cards were getting to be too much that they missed mortgage payments.  That was the root of the problem.  Not the credit cards!  It was the home!  They bought too much of a house for their budget!

As I explained that they are robbing Peter to pay Paul as the husband admitted that they have been getting cash from the credit cards in order to make the mortgage payments until the whole scheme collapsed.  So now it’s time to stop the bleeding since it’s either pay the credit cards or the mortgage.

I told them that I would put them in program that would slash their credit card payments to less than half of what they normally pay so that they can start getting caught up with the mortgage.  I heard the wife yell out the approval out of happiness in the background.  Then life is better……..

Happy New Year!

If you need help in getting out of credit card debts, or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program for the new year that reconstruct debts with half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is the concept of our newest program where collectors are restraint from contacting you.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 157

Q:  Ben, what programs do you have for the new year?

A:  As always, we give you new programs for the New Year.  This year I have 2 new programs.  One for Canada and one for the U.S.

The Canada program is now patterned with the U.S. Attorney Based Program.   My Attorney partners in Canada have developed a network of attorneys in every Province and City.  This way there will be litigation defence in case there are lawsuits arising from clients not being able to pay debts.  These attorneys can represent them in the said litigation for the purpose of settlement.  This will work for clients who enter the program immediately when they are faced with hardship.  Those who wait until the accounts are in collections or attorney collectors may not be so lucky.  We will have to deal with them on a case by case basis.  If they get sued and then get in the program, the situation may prove to be a difficult position.  We need money in order to settle and if there is no money available for settlement, there is only so much the attorney can do.  After all,  they do owe the money.  We will have to find other solutions for the client.

In the U.S., our new restructuring program is very aggressive.  It is so aggressive that we immediately begin credit repair on the client’s credit history.  Any accounts less than $500 will be challenged especially if they are showing any delinquencies.  At the same time, we immediately set an invertigation of the detail of the Creditors’ records of the clients’ information and accounts.  Once they are not able to prove the debt of the client, it will immediately be taken out of the credit history of the client.  This program is very strict and will only take certain accounts in order to be efficient and successful.  No accounts in legal status will be accepted in this program.  The big plus with this program is that we can reconstruct clients’ debts for half the price that our competitors charge.  Clients with a very tight budget should take advantage of this program.

If you need help in getting out of credit card debts, or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program for the new year that reconstruct debts with half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We also provide “Free Credit Repair” to all our current and future clients.  Go with the best.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  Call Centers are very risky when it comes to your precious information.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 158

Q:  Why do your competitors insist they are not a call center?

A:  My competitors will only admit to certain things that will make them look good.  If there is something that will make them look bad, they will either minimize it or just totally deny it.  The impression that a Call Center makes, especially if it is out of the country, is somewhat negative to the eyes of the General Audience mainly because there is a concern for sharing important information.  Having said this, my competitors will try to change the name of the Call Center to names like, Service Center, Customer Service Center or even Support Center.  My point is if they take calls from clients, it is a Call Center and that is the purpose of their main existence is to take calls to lower overhead costs.  The problem is no one has the right to put your information at risk.

So why minimize or deny it?  Here are some reasons why they do not want you to know that they are using Call Centers.

1)  Sharing of your important information especially to Call Centers in other countries where there is a high volume of identity theft makes us vulnerable.

2)  Employees can take information home and share it with relatives who can misuse the information for self gain.

3)  Unsecure system where it can be accessed from any internet cafe.

4)  Your information may be sold by the staff from the Call Center to other companies who can then call you to offer their products and services.

5)  Once your information falls into the wrong hands, the extreme difficulty of trying to undo the damages.

6)  Someone else trying to use your identity to illegally get more credit.

7)  If you enroll your credit cards that still has leftover credit lines can be used to make purchases.

These are just some of the reasons that Call Centers are frowned upon by people in the U.S. and Canada, thus companies who use them don’t want you to know they do.

Also, Debt Aid Consulting only give you FTC(Federal Trade Commission) compliant programs.  These are programs without upfront fees also known as Performance programs.  Some competitors programs have non refundable upfront fees.  How legal is it?  According to the Federal Trade Commission, this has been banned.

Ang aking advice, kapwa natin Filipino, di dapat niloloko.

If you need help in getting out of credit card debts, or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program for the new year that reconstruct debts with half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission approved programs.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 159

Q:  What is the Securities and ExchangeCommission(SEC)?

A:  Most of us would only have indirect interaction with this government enforcement. Only people with direct dealings with retirements, Stocks or investments with Publicly traded Companies or 401K investments would be involved in reporting with this agency .  In most cases we would be dealing with a middleperson called a broker.  In the U.S. the these are the one’s responsible to report to the Securities and Exchange Commission.  In short, most of the general public will only go to the extent of dealing with brokers than directly with this government enforcer of rules.

On another note, I requested a couple of Attorneys in the Philippines to inquire about what it is the Philippine Securities and Exchange Commission does and this is what I found.  In the Philippines, all corporations are required to register with the Philippine Securities and Exchange Commission.  This means that even if you are a Sari-Sari Store and you incorporate your business, you will have to register with them.  Even the investment companies who took investor’s money and disappeared overnight were  registered with the Philippine SEC.  This means that you can be any type of business and if you are a coporation you will have to register.  Being registered with the Philippine SEC does not mean your system is secure or that you are not a call center.  All it means is that your business is a corporation. So claims that being with the Philippine SEC establishes that a company is not a Call Center is wrong.  Such a statement is misleading and confusing to the General Audience.  Let’s not try to confuse the clients here in the U.S.

Also if you would like to start a Partnership and Sole Proprietorship, you would have to register with the Philippine Department of Trade and Industry.  They are in charge of the non corporations.

Ang aking advice, kapwa natin Filipino, tulungan natin umasenso, di dapat niloloko.  Ang real question is why do clients information have to make it’s way to the Philippines.  What do the employees in the Philippines do with clients’ information from the U.S.?It just puts poeple’s information at risk of being stolen.

If you need help in getting out of credit card debts, or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program for the new year that reconstruct debts with half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts and Payday loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission approved programs.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 160

Q:  If I enroll in your program, will I be able to dictate which accounts to settle first?

A:  A client called me asking this question.  I asked him what was the reason he would like to control the settlement progress of his program for?  This is a very unusual request or demand.  In most cases, clients do not want anything to do with their debts anymore and this one surprisingly wants to be completely involved.  As I asked him some questions, I slowly found out some anomalies with debts.  Most of his debts were payday loans so they are not of bog amounts but he did have many payday loan debts.  I asked him if he let them take money from his checking account to which he did.  So now we know they are on auto pay and we cannot request them to stop doing so.  So he said he would close his checking account and problem solved.  Then what else should we be worried about?  He said his payroll was direct deposited.  So I responded, then open up a new account before you close the old one and give the new account information to your payroll department so they can start putting your payroll in there.  Then you can close the old one.  So what else should we be worried about?  He then said that he signed payroll garnishment to some companies where he took out the payday loans from.  Now I know why he wanted to control which ones to settle first.  He thought these garnishment notes were exeutable by the payday loan companies.

Here’s the explanation.  No one has the right to garnish your wages for unpaid debts except if the garnishment order came from a judge, the IRS or the U.S. Military(U.S. Government).  In other words, the payday loan garnishments he signed were all smoke screens from those companies.  Most people do not know that they cannot execute those so they tend to be scared to not pay them.  The payday loan companies will have them by the neck.  So even if they submitted this garnishment order to the payroll department, it will not work.  That is supposing your payroll department knows the rules they should be following.  If they don’t they should not be working in payroll.

Ang ating lesson, taong gipit sa patalim kumakapit.

If you need help in getting out of payday loans, or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program for the new year that reconstruct debts with half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission approved programs.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 161

Q:  Are debt relief companies who take non refundable advance fees in compliance with the Federal Trade Commission?

A:  Most certainly not.  On October 27th of 2010, the Fedral Trade Commission put a stop to debt relief companies charging non refundable upfront fees before completing any settlements.  This is due to numerous compliants from consumers who have been vitimized in millions by companies who just take their money and offer very little service if non.  Many of these companies pick the last dollar from struggling middle class, provide inadequate service and leave the clients far worst than when they entered into the program pushing towards bankruptcy.

The ruling contains specific requirements for debt relief providers from charging an advance fee before providing any services.  This is how the Advance Fee Ban applies:

1)  The debt relief company has to successfuly negotiate, settle, reduce or change the terms of the consumer’s debts.

2)  There is a written settlement agreement, debt management plan or agreement between the consumer and the creditor and the consumer has agreed to it.

3)  The consumer has made at least one payment to the creditor as a result of the agreement negotiated by the debt relief provider.

Anything outside of these scopes is in violation of the ban.  In some cases, companies will mask or smokescreen their programs by adding attorneys or legal insurance to their program in order to not be covered by this ban but the rules are pretty simple.  No upfornt fee or they are in violation.

Ang ating lesson, wala pong manloloko, kung walang nagpapaloko.

 

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Out programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of payday loans, or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program for the new year that reconstruct debts with half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 162

Q:  I received a 1099-C from a creditor  for a settled debt.  Do I have to pay taxes  on those too?

A:  Getting a 1099-C for a debt that the creditor deemed to be uncollectible and has forgiven is an income to the debtor.  This is part of the rules of forgiven debt in the U.S. Though some creditors may not care to send you one while others do, the one’s that do send it need to be included in your taxes as miscellaneous income for the tax year that the debt was forgiven.  It just goes that their loss is your gain.

In some cases clients are able to get off paying taxes on these 1099-C’s by way of an IRS tax Form 982.  This form means that you are insolvent.  Before we start getting all jolly from this form, we need to be reminded that it does not apply to everyone.

So what does insolvent mean?  It means that your debts exceed your assets.  Again as simple as the this explanation is, it has its compliactions attached to it.  In some cases you may have items of extreme value even if you also have enormous debts meaning that the rule may not apply to you.  For best results on these items 1099-C and the Form 982, please consult a CPA or a Tax Attorney.

Ang ating lesson, Taon gipit, sa patalim kumakapit.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of payday loans, or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 163

Q:  Why won’t my bank help me when I am in hardship of paying my debts?

A:  The bank has to follow rules against exposure.  If the bank were to lower your debts and give you a monthly payment based on your new ability to pay, the banks will close their doors pretty quickly.  They have a responsiblity to shareholders and investors to keep the bank afloat.  So giving you a discount or letting off the hook is out of the question.  If you take a look at the process that banks take in order to loan out money, you will find that it is quite extensive.  And when you are not able to pay back the loan that you take out, they can take legal action against you to the point that you will have to file Bankruptcy in order to make the pain of the collection efforts STOP!

As Bankruptcy is somehow frowned upon as a last ditch effort to get out of debt, it really should be.  The bank can be so unforgiving even if you will have to pay them with the money you were to buy food with.  There is no guilt in debt.

So what do you do as a consumer if the bank does not want to work with you when you are in hardship?  Ask for help from Ben Lou.  We have multiple programs that help clients get out of debt sooner than later.

Ang ating lesson, kung walang tinamin, walang aanihin.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 164

Q:  Why is it not good to use Debt Negotiators in the Philippines for your U.S. debts?

A:   Let me ask you this.  If your house got robbed here in the U.S., would you like for a member of the Philippine National Police to come here and do the investigation of the crime?  I’m sure you would not agree to this.  This is all the same as the question why would you agree to a person the Philippines do your negotiations for your debt settlement.  They have no clue of the legal system here in the U.S.  and would not know where to begin.  In the first place, the debts were created here and entered in a program in the U.S., and so it is no business of a negotiator living in another country to be meddling with it.  What it will do is antagonize the creditor or debt collector as to why they are speaking to someone in another country and put the client at risk of being sued.

On another note, the protocol in another country would be very different from that of the companies here in the U.S.  In most cases because of a very inadequate structure, important items can be missed and cause the client to end up facing a big disaster.  With this, the client is left out to dry because they have no way of suing someone in another country for negligence.

And last but not the least, once your information is sent outside of the country,  it will always be subject to high risks of identity theft.  That is why we do not use Call Centers in the Philippines like some of our competitors even if they are members of the Philippines Securities and Exchange Commission.  Because all compnies in the Philippines are members of the SEC.   It does not mean anything.  It is meant  to mislead you.

Ang ating lesson, Huwag na magataka,  saan ba naimbento ang lalag bala?

So if you want a program that can help you get out of debt without the use debt negotiators outside the country, call Ben Lou.  All our programs are located loacally, both in the U.S. and  Canada.  We have multiple programs that help clients get out of debt sooner than later.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 165

Q:  Are Outlet Stores really a good deal?

A:  Is it really a good deal?  If you like brand name merchandise for less money,  then it is!  While most of the merchandise that you will see in Outlet Stores are possibly last season’s styles, it is not a bad buy.  Outlet Stores became a big item in the early nineties where retailers can get a second shot on their last year’s styles and seconds(Products that are slightly imperfect) but you cannot even tell that it has a defect, into passing them into customer’s hands.  Customers found a better way of getting to wear brand name for less dollars.  Who can tell it came from an Outlet once you have it on?

Before we get all excited about the good deals, we still have to stop and think whether the items we are buying are a need and not a want.  Remember to always buy wisely.  Buying less expensive items though you do not need them do not do you any service.  it most likely will sit in a closet and be forgotten while you are our some money or could be paying on it with interest if you use a credit card.  Again!  Buy wisely!

Ang ating lesson, Kung di kailangan, huwag gastahan!

So if you want a program that can help you get out of debt without the use debt negotiators outside the country, call Ben Lou.  All our programs are serviced locally, both in the U.S. and  Canada.  We have multiple programs that help clients get out of debt sooner than later.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 166

Q:  What is the cost of gratitude (Utang na Loob)?

A:  In my eyes, gratitude costs nothing.  For others “Utang na Loob” is a debt that needs to be repaid over and over again.  My question is “To what extent?”

I had a client call me last week from Canada who was already $10K in debt after arriving 10 months ago.  They had a friend who sponsored for them to come to Canada.  They looked up to her in helping them get on their feet when they first arrived.  They livedwith her in her house in the beginning but when the couple found jobs they moved out and were able to make it on their own.  One day their friend ask them if they can take out a loan for her since she is bad credit.  What did I tell everyone about friends who have bad credit?  They have bad credit because they do not pay their debts.  Now these people will be her victims as well.  She would give them money to pay every once in a great while but it was not even enough to pay the minimum monthly payment.

Not very long after, their friend ask them to get credit cards from banks.  Then she would go with them shopping on weekends and they ended up buying her new furniture on credit but of course under their names.  Again, she paid so slow that they couldn’t pay the minimum payment.  So, ten months afterarriving in Canada, they were already broke and could not pay their bills because they already owed $10K.  And what does this mean?  They now have bad credit.

This is so unfortunate that someone would take  advantage of them and truly dug a hole they couldn’t get out of without help.  The wife called me and asked for my help in order to be in better standing.  I told her that she could have used that money for a down payment for a home but instead, it was money that they wasted due to “Utang na Loob”.

Ang ating lesson, Utang na loob, huwag mo kong itaob!

So if you want a program that can help you get out of debt without the use debt negotiators in the Philippines, call Ben Lou.  All our programs are serviced locally, both in the U.S. and  Canada.  We have multiple programs that help clients get out of debt sooner than later.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our cometitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 167

Q:  If I am the client,  don’t I have the right to know what you are doing about the summons I received?

A:  The answer to this is “Yes”.  Every client has the right to know what we are to do when they have just received a summons from a creditor, BUT, if the client is totally incapable of understanding the legal process of having to file an answer,  go to the case conference and deal with the creditor in order to set a settlement, what good is explaining it over and over?  To be totally honest, included in the summons is a complete instruction on how to respond for the defendant.  It contains all the forms needed to serve the plaintiff and file an answer.

In most cases, clients do not want to worry about this because they do not want to make a mistake and leave it to the professionals.  This is the same thing when a defendant insists on representing themselves in a criminal case.  They always are found guilty.  If you were our client, do you want to be found guilty because of your inability to understand the law?  That’s why this is a job for attorneys.  They know how the law works  and if you don’t and continue to insist on representing yourself without adequate know how,  then you are doomed!  Ignorance of the law is not an excuse.

Ang ating lesson, Huwag mong ipilit,  para di ka maipit!

So if you want a program that can help you get out of debt without the use debt negotiators in the Philippines, who do not know the U.S. laws, call Ben Lou.  All our programs are serviced locally, both in the U.S. and  Canada.  We have multiple programs that help clients get out of debt sooner than later.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 168

Q:  Should I be ok with  US companies using debt negotiators in the Philippines for my debts?

A:  Should you?  Here’s a story for you readers.  A client called me who enrolled with my competitor who uses debt negotiators in the Philippines.  This client once called my office before.  We tell the client as it is because that’s what we do.  We tell them exactly what they will be facing in my program.  A day later he calls my competitor and is told the best program ever to be on the face of the earth.  The program was so good that it is almost a cure for all debts.  He was also told not to believe what Ben Lou says that they are a call center in the Philippines.  He then enrolls in this program.

Everything seemed so fine in the beginning until he started getting threatening letters which he reported to his negotiator who was also Filipino.  He never wondered that he has not spoke to anyone who is English speaking.  All of the people he spoke to spoke Tagalog and he was told they were all in California.  He was told to ignore the letters and the phone calls from collectors.  A year into his program, he received a summons from one creditor.  After two weeks, he received another.  He was told that all he had to do was to send them a copy of the summons and they would take care of it.  Bare in mind that a summons in California requires an answer to be filed within 30 days after having been served.  Being all confident of what he was told, he proceeded without any worries.

After 40 days had gone by, the client called into his program because he was receiving phone calls about getting a judgement.  To his surprise, no one knew about an answer having been filed for both his summons.  He starts thinking hard about this and realized that was the reason he was getting all those phone calls about getting a judgement.  He then called my competitor, very angry and demanded he get an answer but all he got was the runaround.  He was being passed around from one person to another.  He then went to their office personally and asked for the negotiator that he spoke to on the phone all the time and he was told that person is in Manila.  So he then asked for the owner who says on TV that they do not have a call center in the Philippines and figured that was all a big lie.  He was then passed to owner’s manager and all she did was tried to convince him to sign a release so they can give him some money back less the fees and be on his way.

As he kept thinking about it, he knew he’s been duped.  He then called me to ask me what I can do for him.  I told him what he did was ask me to help him and I offered to do so.  He then called my competitor and was led to believe a fairy tale.  He decided to go their direction and was duped.  It was obvoius that someone in that company dropped the ball and forgot to file the answers.  They can only try to cover their mess so that they do not have to answer for anything by having him sign a release.  As much as I want to help  him, his situation is so severe and was left in a state that he has to file bankruptcy.  I told him to find an attorney to prosecute the guilty.  I can’t do anything for him.

Ang ating lesson, Matalino man ang matsing ay napaglilinlangan din!

So if you want a program that can help you get out of debt without the use debt negotiators in the Philippines, who do not know the U.S. laws, call Ben Lou.  All our programs are serviced locally, both in the U.S. and  Canada.  We have multiple programs that help clients get out of debt sooner than later.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 169

Q:  I was so in love with my boyfriend that I gave him my bank password.  Later after we broke up, I found out he took money from me.  What can I do?

A:  You can file a police report but it probably will not go anywhere.  Listen to this scenario.  You allowed this boyfirend to take the money with consent.  You then had a fight and now you want the law to be on your side?  How are the police going to know that a month later, after you have gotten back together and you have forgiven him, that you will refuse to press charges on this boyfriend?  The best approach would have been to not give out passwords.  Especially for bank purposes.  Sometimes even married people do not share passwords mainly because of trust issues.  You cannot be totally trusting based on the virtue of LOVE.

Here’s a story for the readers.  I currently have a client who even after 17 years of marriage with the same wife never shared bank accounts or any financial information with each other at the least even banking passwords.

The husband called me with a judgement already.  He wanted me to help him get out of it.  There is very little I can do but I still proceeded to help him.  The husband has a gambling problem it turns out after interviewing him for an hour.   At least he was honest with me.   Now I know what we are up against.  The habit or desease can cause mistrust from the wife and this is for the same reason he is left alone to deal with his financial problems.  I asked him if the wife and he ever shared bank accounts and he told me they never did because of his issues.  After 17 years of mistrust and problems brought home by the husband because of his gambling, they are still together.  Wouldn’t you call this love?  But to the wife, her love has it’s limits.  Maybe this is the same scenario the girl should have followed with her boyfriend.  I can only guess what really happened between them.

Ang ating lesson, Fool me once, shame on you.  Fool me twice, shame on me!

So if you want a program that can help you get out of debt with your judgements, call Ben Lou.  All our programs are serviced locally, both in the U.S. and  Canada.  We have multiple programs that help clients get out of debt sooner than later.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 170

Q:  Ben Lou, what are the “Do’s and Don’ts” of the debt relief industry?

A:  If you are asking me the things I would do for my clients which make my company different from competitors, here are some of them.

1)  I will do everything within my control to make the client happy or satisfied no matter how bad the situation

2)  I will tell the client the truth

3)  I will explain to the client how the program works until they understand

4)  I will always keep my services local in the contries I operate in

5)  I will always be responsible to the clients

6)  I will always be available to clients who want to speak to me

7)  I will always provide the service that I promised to provide

8)  I will always have my assistants treat clients with respect

9) I will always be searching for programs that will help clients in all the countries we service.

10) I will only provide licit and compliant programs to government specifications

11) I will put the client in the right program without thinking of how I will benefit

12) I will treat my employees with respect

13) I will pay them what is fair and due

14) I will always operate legally in all the countries my company services

There is more but the article allows only so much space and we still have to go over the “Don’ts”.  This list is now the things I would not do that some of my competitors do.

1)  I will not pose a someone I am not

2)  I will not use misleading ads which tend to misinform clients

3)  I will not sugarcoat anything negative about the programs so the client thinks it’s a work in the park

4)  I will not use call centers in the Philippines or in any country outside the U.S., Canada or the Caribbean Islands nor will I use any call centers anywhere

5)  I will not wash my hands off the clients when things go wrong

6)  I will not operate illegally in another country

7)  I will not use Philippine debt negotiators who do not know the laws where we operate

8)  I will not abuse my employees

9)  I will not lie to my clients

10) I will not dupe any of my business partners

11) I will not copy my competitors programs

Ang ating lesson, Gaya gaya, mahiya ka!

So if you want a debt program from an honest company, call Ben Lou.  All our programs are serviced locally, both in the U.S. and  Canada.  We have multiple programs that help clients get out of debt sooner than later.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 171

Q:  We are old and my husband died while we were buried in debt.  What are my options?

A:  We first need to evaluate the financial position you are in.  With this, you will definitely end up with your husband’s 401K or IRA and may end up with a portion of his pension if any.  The worst scenario is to proceed blindly or guesswork.  There are bad people out there who are waiting to take advantage of your vulnerability.   To know the unknown would be the first step.  Unwittingly, there will be a lot of effort that needs to come from you in order to unfold this but you are the one who knows your husband the best and there will be personal questions involved.  You also need to find out if your husband left a will with his attorney if he has one.  In some cases where an attorney is not involved, papers such as will, insurance policies and etc will be hidden in a safe or safety deposit box.  I would start here.

After assessing all the pluses above,  we need to find out the minuses.  How much do you and your husband owe together and how much does he owe himself.  Depending on the state you are in, his debts might end up on your lap.  Most States are a community property State, meaning assets and liabilities of a couple are conjugal.  You can find these minuses out by the statements that come in every month in bills.  If you are buried in debt, you must approach a bankruptcy attorney or search for a program that can help you get out of debt.  Again, I must caution that not everyone will be in the up and up so be vigilant.  Find out about the attorney or the program before endulging.  There are some ugly companies out there who only look out for their pockets and not the clients wellbeing.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 172

Q:  Can debt negotiators in the Philippines help me?

A:  I need to inform you, there is no such job in the Philippines.  If there is one, his family will most likely grow hungry.  This position exists in countries that have a good system of tracking people.  In the Phillipines, there is not a requirement for Social Security Numbers.  The only one’s who possesses such numbers are the one’s who hold normal empolyment in order to pay taxes and contribute to their Social Seecurity pensions.  So really, why would you want to shoot yourself in the foot by using a debt negotiator in the Philippines?

Let me ask this question.  If your house was robbed, would you feel confident if one of the PNP members from Manila were to fly here and try to solve the crime and catch the perpetrators?  I wonder if the crime will ever be solved.  So why entrust the settlement of your debts to someone who is not even in this country?

The next issue is why do some Filipinos in the U.S. like to play Russian Roulette with their information.  I have always warned time and time again that when our information here in the U.S.goes out of the county, the likeliness of this falling into the wrong hands become greater.  Once our information has been compromised and it has to happen only one time and life as we know it will never be the same.  Our information can be sold over and over again and we will never know when it will ever stop.  Just when you think it’s over, then it will hit again and again and again.  How do we stop it?  By being vigilant and careful of who gets our information.  Know where it is going at all times.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 173

Q:  I cancelled my contract with a debt relief company because of bad service but they are dragging their feet returning my money.  Who can I call?

A:  Let me tell you readers about this client who I am helping.  She enrolled in one of these big debt relief companies and have been for the last 10 months.  she called me because she received a summons and they are not helping her defend herself.  I told her what I was going to do for her and she agreed.  She called the company to cancel the enrollment and the first sign of horror started.  She started getting passed around from one person to another.  The last person she spoke to said that it has been cancelled and that the check was on it’s way.  Two weeks went by and no check in the mail.  She called again and she was told that they had a settlement for her.  She asked settlement?  I cancelled my program and you were supposed to send me back my money, so how can you have a settlement?  Well we were trying to help you out so we decided to try and settle some debts for you instead of refunding your money.  She became furious and told them that she had cancelled her enrollment and to return her money as soon as possible because she already has an attorney settled her debt with the lawsuit.  This kept going back and forth for another week.  I told her already to file a complaint with the Better Business Bureau so she can get her money otherwise she will never get it.

This is one of the reasons people don’t want to trust the debt relief industry.  Companies like this give us all a bad name.  Just return the money.  It’s not going to enrich themselves but instead just pile up complaints.  I wish they would just make the client happy by doing the right thing.  She is unhappy with them, why force the client ot stay?  it’s like a bad marriage.  If the wife is unhappy with the husband, let her go!  Everyone has the right to pursue happiness as they see fit.  Dishonest companies are the cause of bad reputation.

Ang ating lesson, Perang pinaghirapan, sa manloloko pagingatan.

So if you would like an honest and exceptional program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 174

Q:  I signed up with a company who rushed me with the contract and now after I read it I don’t like it, can I still get out?

A:  These contracts usually have a cooling period for you to back out.  It varies from every State so please check the laws in your local State to find out what your rights are as far as cancellation period.  In most cases it is 5 days from the sign date.

There are some pointers that we should follow before signing an agreement so that we do not fall into the cracks.  Memberships like gym and other organizational memberships is another industry that is very hard to sign up with then cancel.  In most cases members get frustrated trying to cancel their memberships because of the redtape that the company puts them through.  They discourage cancellations therefore making it very difficult to do so.

Here’s another story I would like to share with my readers.  I have a client in Washington who signed up with a competitor.  The service was so bad that after 10 months she decided to cancel.  Here’s the catch.  She has been cancelling for two months and still she is not cancelled.  How’s that for getting really, really frustrated?  Although she has already changed banks so that the company cannot take money from her anymore, getting her money back has been a continuing ordeal.  They are making her send in notarized cancellations, multiple documents of cancellation that have been previously submitted but does not ever seem to show up in their system.  How convenient is this?  Very convenient for the  company, not for the client.  When she calls, they tell her that they have a settlement for her which means they have not cancelled her even after she has submitted the cancellations multiple times.  So to this day, she is still fighting with the company to get her money and they continue to stall.

Here’s another story.  My direct competitor is notorious for sending out moblie Notary Publics to clients who are planning to sign up.  This would be a good procedure for a face to face but there is a loophole in their process.  First, the Notary is not an employee of the company but is a contractor who is paid for every job they complete.  This means that the Notary does not know how their business works and is not qualified to explain their program in detail.  Second, they refrain from sending the client a copy of the agreement before they send out the Notary so the client can read the agreement in full detail.  For the record, we send all clients a copy of the agreement so they can read, review before signing.  In the case of our competitor, they are giving their clients a few minutes with the contracted Notary to go over their agreements.  In most cases the Notary cannot even explain the agreement to the clients.  Then the clients are forced to sign the agreement using the “Used car salesman” approach with a lot of pressure.  They are also told by the Sales person from the company that the contracted Notary will be paid whether she signs or not, making the client guilty of not signing.  So they end up signing up without reading the agreement.  I do not know why our kapwa Filipinos do this to themselves but they become victims of this process in the end and pay the ultimate price of non refundable upfront fees.  Remember, upfront fees are illegal.

Ang ating lesson, Para di maloko, maging listo.

So if you would like an honest and exceptional program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 175

Q:  What should I know about debt collection agencies and debt buyers?

A:  These are two different animals.  A debt collection agency is normally contracted by a creditor for a debt that has charged off or is already passed the stage of their internal collection department.  This is usually about six months from the time a consumer stopped paying their debts.  When an account has been charged off, the creditor will feel that they do not want to use all their resources for an account that this old.  They will, at this point send the past due account to an outside or contracted debt collctor, otherwise known as a collection agency.  The collectors at this agency usually are more relentless than the internal collectors of the creditor.  The reason being that they are paid on commission of what they are able to collect.  They are notorious for violating the FDCPA rules of collecting debts.  In some cases they end up paying fines to damages to the debtor due to harassment and violation of the consumer’s rights.

On the other hand a debt buyer is usually a company in the business of buying bulk uncollectibles from creditors at a bargain prices in hopes of collecting the whole amount thereby making big margins.  On a normal scale, they may end up paying ten cents on the dollar of the full debt amount and try collecting the full amount.  For example, on a ten thousand dollar debt, they may pay up to a thousand dollars.  So if they are able to collect the whole ten thousand they make nine thousand, giving them a ninety percent margin.

The world of bank, debts and collections is a big world.  There are a lot of big and also some small players.  The reality is that it is very hard for an individual to fall into this realm because it only means you are not able to pay your debts.

Ang ating lesson, Ang utang na di pinatawad ay utang na walang hanggan.

So if you would like an honest and exceptional program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 176

Q:  Are these random calls regarding the IRS taking your possessions if you don’t pay by a debit card for real?

A:  I have to tell the readers, bad people always think of ways to take your money without even bing next to you.  This is one of the biggest scams today in the market today which target mostlyelderlies.  Someone callsclaiming they are the IRS and that you have less than 24 hours to settle your delinquent debt with them and  call the number they give.  In some cases a live person answers when they call.  If and when you call back them back, the person who you will speak to will be very intimidating and work on your fear right away.  This is how they get you.  Unfortunately, most of the people they get to call back for their scam are the elderlies because those are the ones with the most to loose if they do indeed owe the IRS.  They are not going to call an 18 year old who has nothing to loose or they will be wasting their time.

The bait of the scam is to scare the daylights out of you, then slowly convince you to put out the most money you can put out.  If you do not have any money or enough money, they will even suggest to borrow the money from a neighbor or relative.  How innovative are these people?  They are the very best of the cons out there.  They are experts in convincing you to pay up or loose everything you own.

The catch is that no IRS agent will ever call you and tell you that you need to pay with a debit card nor ask you to borrow the money to pay them.  This does not exist in their world so please don’t be a victim.  The last thing any of us need is to give our money and information to anyone without putting up a fight.

Ang ating lesson, Ano ang itsura ng manloloko?

So if you owe the IRS and want an exceptional Tax program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

Itama po natin! By: Ben Lou

Segment 177

Q:  Can money buy happiness?

A:  Some people are obsessed with money that the quest for more is the only thing in mind.  Remember, “Money will never, ever buy you happiness!”  In most cases people confuse having a lot of money as being happy.  Altough money can buy us more possibilities, this is all it gets us.  Not necessarily happiness.

Here’s a scenario of why money cannot buy happiness.  A man had more wealth than he can use in a lifetime.  His obssession is how to get more money, and keep all of what he already has.  In his quest for more, he has forgotten his family.  Soon the wife became unhappy and filed for divorce.  Sure enough he has to split his money with his wife and pay child support every month until his kids turn eighteen.  The question, is how happy is he now that while his family now lives away from him and can only see his children every other weekend?  I don’t think this is a happy situation.

Here’s another.  A man who has dedicated his life in acquiring more and more money is dying.  As he is slowly dying, the wifes and husbands of his children start pushing the man’s children to get as much as they should get.  The man hasn’t died yet and the children will end up arguing as to who gets how much due to the pressures from the spouse.

Ang ating lesson, Taong mayaman, saan itatago ay di malaman.

If you would like an honest and exceptional program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 178

Q:  I want to divorce my alcoholic husband but I am in so much debt, can you help me?

A:  I want to share this story with the readers.  A client called me asking if I can refer her to an attorney who can do both divorce and bankruptcy.  As I asked her more questions as she told me her story.

It all began with some friends who introduced her to her now husband.  They started dating and everything was well.  Soon they got married and the husband would drink a bit in the beginning to undwind.  Time went by and the husband started going to bars and coming home drunk.  This became more and more regular until he started bringing women home that he had picked up from the bar and would drink some more.

According to her story, she basically bacame a maid in her own home.  He also never added her to the title of the house, cars and anything they bought.  She became a nobody to him.  She started crying while she told me this story.   I told her it is time to get out of the marriage.  This is how addiction starts and spirals out of control while hurting the people closest to us.  She is definitely hurting and I can only do so much to help her moral and get her out of the financial mess that she ended up creating due to the sickness of the husband.  Believe me folks.  People living with a person who is addicted to drugs, alcohol or gambling can literaly become sick psychologically.  They become victims from the lies and cheats that they become psychologically unbalanced.

The answer now is that she should get divorced first before I can help her with bankruptcy.  I checked with my attorney partner and he said the divorce attorney is not the same attorney for the bankruptcy.  This is like using a auto mechanic to cut your hair.  They have their own expertise.

Ang ating lesson, Taong maglakad ay mtulin, kung mapako ay malalim.

If you would like an honest and exceptional program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 179

Q:  Canada Revenue Agency wants to garnish my wages, can you help me?

A:  I need to share this client’s story with the readers so as to warn inquirers if they not truthful with me about their problems, they might not like the answer they get.

A client called me from Calgary, Alberta, Canada.  He was complaining that Canada Revenue Agency, which is their IRS, is about to garnish his wages for a Charitable Contribution that he reported in his taxes and was audited.  I then proceeded to ask him more questions because I wanted get the full picture before giving him any advice.

I asked him when he received the letter from the CRA and he said it was a year ago.  And when he received it did he call them, I asked to which he replied yes.  Ok, so this is good.  So what happened to your conversation with the CRA agent,  I asked.  He said nothing came about of it because he cannot afford to make any payments from what he was making.  In short, he does not make enough to even pay $50 per month.

I asked him if he had a home and he answered yes.  Next, does he have equity and the answer is yes.  So then, I told him that based on his story, he only has two options which is to file Consumer Proposal or Bankruptcy which has about the same effect on his record but he becomes protected by the courts.

He then asked me if I can call CRA for him and ask them to slice his debt in half and he can make payments for twelve months.  Well this made me very confused because here is this client who had every chance a year ago to do the same thing he is asking me but did not do it.

So here is my answer to him.  Sir, did you not tell me that you cannot afford to make any payments out of what you make every month?  Answer is yes.  So how can you ask me to do the same thing you should have done last year when you had the chance instead of waiting until they start garnishing your wages?  Next, I would have suggested that you borrow money from your home equity but that would be bad advice since I already know you cannot make the payments and end up loosing your home.  So borrowing money from your home equity is a bad idea, you can borrow money from a relative or friend but you cannot pay that back either.  So you really have nowhere to go except Consumer Proposal or Bankruptcy!  Do you understand what I am saying?  He replied yes.

I told him that is the story you gave me.  I am sorry you did not like the answer but I am not trying to be mean.  I am only being realistic about your situation.  This is where we ended our conversation.  I knew he was not being truthful about his financial position.

Ang ating lesson, Magsabi ng totoo, para makuha ang tamang advice ko.

If you would like an honest and exceptional tax program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 180

Q:  Sorry, I forgot to mail back the agreement after I signed it.  Now, I received a summons.  Can you still help me?

A:  I always tell clients,  don’t waste your time and my time if you are not serious in helping yourself.  I like helping those who really want to end their misery.  If you call me and want to play games, you might be sorry in the end.  Let me share this story to the readers.

A client called four months ago and wanted to enroll.   I did his enrollment and mailed it to him.  After multiple calls to him where he said it has already been mailed back, it never came in and I just gave up on him.

Four months went by and one day I received a call from him again asking why we have not been taking the money out of his account.  I told him he never enrolled.  He said he never received it.  Now,  I was getting really confused.  I looked at the notes of his account and I saw that I never got it in the mail after he kept saying he mailed it back.  So after I brought this up to him, he immediately admitted that he couldn’t afford it at the time to make the program payments.  So why was he calling now?  He received a summons that morning.  So what was he going to do to make it look like he was enrolled?  He was going to lie and say that he is.  There is a system for us to check and balance all clients.  The clients also have to go through one final step before they are enrolled and when I asked him about it, he had no idea what it was.  That is why I know was never enrolled.

I still helped him with his summons but that is a completely different program than what he orignally had.

Ang ating lesson, Taong mapusok, kung saan saan napapasok.

If you would like an honest and exceptional tax program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 181

Q:  Do you pay the clients in your testimonial ads?

A:   What would the point be of creating a testimonial ad if the client was being paid?  The only thing we should be able to control is the time constraints and the outline of the material that the testimonial would deliver the message that we wanted to send.  Paying the client only shows that he becomes a puppet to what he is being told to do.

With my testimonials, we do not pay our clients.  We do not even buy them lunch or give them any form for stipend or per diem.  This is to make sure we do not sway them in any way to say something they are not comfortable with or say only what we want them to say.  That is why our testimonial ads are more effective.  They are not made to look like they were professionally handled and as long as the client is able to tell their message, that is a good shoot.

I heard from a good source that the clients in the testimonial ads from Financial Rescue are paid.  Also the clients they are showing in their ads are graduates from an old program that they do not even have anymore so how is that being truthful to the public?  They are not showing any graduates from the program that is being ran from Manila, Philippines where they use Philippine debt negotiators who do not know the U.S. laws.  They are puttin you in harm’s way,  so be careful.

Ang ating lesson, Taong mali ang pagpayaman, walang pakialam kung sino masagasaan.

If you would like an honest and exceptional tax program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 182

Q:  Can I protect myself against identity theft on my own?

A:  Of course!  That is where it should really start, from yourself.   Identity theft mostly happens due to the recklessness of yourself or others in handling precious information.  An example is when customers go to a retail store where their identities get compromised because of inadequate information security.  For others, it is the lack of understanding of how important their information is that they freely give it away to others.  The worst is when companies like some of my competitors disregard the security of clients’ information and send them to call centers in other countries.  This is reckless and must be outlawed.

The idea that it will not happen to me is an illusion that most people see before a disaster strikes.  Most people never see this coming and when it strikes, do not have any idea of how to get out of the mess they are in.  In reality, this mess can go on for years.  Just when you thought it was all over,  here it is again, happening all over.

So to prevent identity theft, it should start at home.  Store items that contain valuable information where it cannot fall into the wrong hands.  When people ask for your information over the phone, don’t just give it to them.  Ask if there is another way you can access the srevice without having to give out your information.  Refrain from entering your information in websites you do not know.  Destroy documents that contain information before tossing them in the trash.  Your trash is a treasure to someone who wants to do your harm.  These are some ways you can prevent identity theft on your own.

Ang ating lesson, Ito ang babala, huwag basta magtiwala.

If you would like an honest and exceptional tax program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 183

Q:  Why is it so difficult to return merchandise at retail stores?

A:  Why should they make it easy?  Its not their fault you changed your mind.  Clients always have a problem when I tell them they need to change their banks because they have automatic payments coming out of their account.  First, I don’t suggest anyone do automatic payments not only because it is so difficult to stop but also it exposes you to not be in control of your finances.  There should be as little activity in your account that you need not make so many payments from it.

I use the example of returning goods to a retail store when I ask them to change banks.  First I ask them how many cashiers do you see take money from customers?  You would see quite a bit of them.  Now how many clerks do you see in the returns department?  One, maybe two.  Exactly my point!  When businesses are going to take your money, they make it very easy for you to do so. But if you need customer service,  complaints or to return merchandise, they make it difficult.  This is to discourage the customer from doing so and money go out.  They want money coming in and not going out.  After all, in a way, this is the purpose of a business, to make money.

So if you really want to keep your automatic payment, you will get quite a bit of customer service reps to get the new banking information from you so they can keep the money stream coming in.  Now,  when you have a complaint, it is a different story.  You may have to wait on the phone for a long time.  It is the nature of business.  They want to discourage this but if you wait for your turn someone will help you.

Ang ating lesson, Patience is a virtue and good things come to those who wait.

If you would like an honest and exceptional debt program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 184

Q:  Have you ever been a victim of Philippine call centers information theft?

A:  Quite recently, I fell victim to a call center in the Philippines when I wanted to pay my phone bill online and it took them forever to setup my online payment.  I ended up giving my debit card information to the representative on the phone who I knew was in the Philippines because of the accent on her English.  Just one day after I gave her my payment information, there was a sizable charge on my debit card using a restaurant in a city about 20 miles from me.  They probably had a contact there, charged a big dinner on my card and took the cash out of the register.  This is the only way I would think they would be able to take the cash from my debit card.

This is the after effect of the theft.  When I called my bank, they had to terminate the card and will have to mail me a new one.  Since I cannot use that account for expenses, I had to move money from that bank to a different bank.  Then I have to keep checking that account to see if they were still trying to make charges.  It is not an easy task to try to be on top of this because I have to stop what I am doing everytime I remember to check.  The worst part is the feeling of being violated.  One quick mistake brought on a lot of misery and it has a long lasting effect in my mind of how crooked people are in my country.  It is unfortunate that most Filipinos who are living abroad feel this way about their own countrymen but it is the nature of living in the Philippines.  Theft is natural to most people there.  If you watch the Philippine news in TFC and GMA, this is all you will see.  Bad news about people who were victims of robbery and here we are giving them our information so they can use it for their own financial gain.  Dont trust the call centers.

That’s why we will never be like Financial Rescue.  They use call centers in the Philippines and they put all their clients information at risk.  Say no to call centers.

Ang ating lesson, Kasalanan ko ba kung ako ay nagtiwala?

If you would like an honest and exceptional debt program, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 185

Q:  What is a Title Loan?

A:  A Title Loan is the same as Pawning something that is of great value in terms of money.  It does not take into consideration sentimental value or unmaterialized cash value.  However, if something is an antique and is being sought for by some individuals, then it may have added value when it is pawned.  Take for example the “Mona Lisa”.  This painting is one in itself and qualifies as a rare art where it is valued to be in the hundreds of millions.  But no one in their right mind would pawn this art.  For the purposes of the subject we will stay with Title Loans.

In Tagalog, a Title Loan is called “Sangla”.  You can pawn a title to a land or property or a vehicle to which you already own the title.  Take for example a second loan on your home, is in a way pawning the equity of your real property.  Although you do not yet have the title to your real property if you have not paid in full, you are able to take out a loan on the equity of this.  This is called a Second Trust because the First Trust belongs to the First Mortgage.  The First Mortgage alone holds the Titile to the real property.  The Second Trust can only put a lien on this Property so that it cannot be sold or change Titiles without full payment of the Second Trust.  They will only give you a fraction of the cost of your item and charge high interest.

So when you hear ads about Title Loans,  think twice, because most people are not able to pay the Title Loan and end up loosing their properties.  In some cases high interest personal loans use Vehicle Titles as the collateral for the loan.  They do not take possession of the vehicle and leave it in your possession but they attach their name to the Title so that it cannot be sold or change ownership without their consent.

Ang ating Lesson, Taong gipit na sa patalim ay kumapit, si Ben Lou andg sagot sa taong naiipit.

If you would like program that deals even with Vehicle Title loans, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 186

Q:  Is it my fault if I believed what the collector told me over what you did?

A:  Why do some people ask for my help but talks to so many people and especially the collector then blames me for the outcome?  I have to explain to folks, in most cases clients are the ones who do it to themselves.  Here’s a story for you readers.

A  client who is enrolled in one of my programs  called me stating that she already has a garnishment order received at her work.  I was shocked to find this out because we don’t hardly have clients end up with garnishments especially if an attorney was assigned to their lawsuit.  I proceeded to investigate as to what happened.  She kept skipping to the part where she received the garnishment order.  I told her I cannot help her if she does not answer my questions and this is how the conversation went.  I told her to just answer my questions with a yes or no.

Ben:  Did you receive a summons while you were in the program?

Client: Yes

Ben:  Did you send it to the program attorney’s office?

Client: Yes

Ben:  Did the attorney give you documents to be sent to court?

Client: Yes

Ben:  Did you send it to court?

Client: No!

Ben:  What was the reason that you did not follow the attorney’s instructions?

Client:  The attorney told me to serve papers to the collection attorney but instead I went there and they told me I did not have to file those in court.

Ben:  So!  You followed the collector’s attorney’s instructions?  These are people who are suing you and wants to get a judgement against you by all means necessary.

Client:  Yes!

Ben:  If you followed their instructions,  then why are you calling me to complain that we did not help you that’s why you ended up with a garnishment?

Client:  Because if I complain then you will be forced to do something about it.

Ben:  Mam, the only thing that can stop this now is bankruptcy.

Ang ating Lesson, Dalawang klase ng tao sa mundo, yung nanloloko at niloloko!

If you would like program that even with lawsuits, call Debt Aid Consulting.  At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 187

Q:  Do you know of other Filipino debt companies aside from Financial Rescue who uses call centers in the Philippines?

A:  I do not know of any other but there are other companies who uses call centers in India and in the Dominican Republic.  Most of the call centers are with money remittance companies and this is another problem.  I recently read another story from a person who sent money though one of a big and popular remitance company and ended getting scammed of P42K.

A man contracted with one remittance company who had several branches in the the Philiippines  to send this P42k in Pesos.  Per the company’s policy if anything over $10K would make it necessary to have a disgnated branch to pickup the said amount.  The man picked Novaliches branch and the transaction was finalized by giving the man a tracking number.  The clerk here said that it would show up in their system within the next two hours.

The man went home and wanted to make sure that the transaction would be posted online after two hours but did not see it and called the company where a call center in Manila took the call.  This when the horror started.  The man had to give the person on the other line the transaction and tracking  numbers in order to find out the status of the remittance.  He was then told that the system was slow and that it is already showing as posted to be picked up the next day by his counterpart.  His counterpart was his cousin who needed the money for his kids who needed to take the exam and need to pay the tuition before they are allowed to take it.  He wanted to wait until everything was in the system before he called his cousin with the tracking information.

The next morning he checked right after he got up and it showed that the remittance has already been picked up but it was taken from a Cebu branch.  It even has the ID number of the person who took it but it definitely was not his cousin because his cousin was in Novaliches.  This was the call center scam that got him. When he gave that number to an unknown person at the call center, he had no idea who that person was and could have shared that information with scammers who used it to profit.  The problem is there is no way to prove that but the company was now responsible for the money because it was supposed to be rendered in Novaliches but went out in Cebu.

He has been fighting with the company for the last 2 months but everytime he calls they tell him they are still investigating.  Are they washing their hands off this responsibility?  I certainly hope not because they can be in hot water for more than that.

I, my wife and of course this man became a victim of call center scams in the Philippines.  How about you?  Are you going to wait for your turn or avoid being a victim.  Don’t trust the call centers in the Philippines.

At Debt Aid Consulting, we do not use call centers but our competitor Financial Rescue does and they send all your information to the Philippines.

Ang ating Lesson, Perang pinaghirapan, huwag sa call center ipagsapalaran.

At Debt Aid Consulting, we pride ourselves with providing only Federal Trade Commission compliant programs.  We also do not send your information out of the country.  Our programs are here to help you get out of debt sooner than later and we do not send your information outside of the country.

If you need help in getting out of debts when the bank won’t work with you or any other unsecured debts, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 188

Q:  Are  there fake debt collectors out there?

A:  The answer is “Yes”.  The CFPB has just shut down some companies who pose as debt collectors.  Some of them even pose as law firms.  This is how bad it is!

In most cases these collectors buy your information from payday loan providers and high interest loan financers.  Then, even if you are paying on time, they will begin intimidating calls to try to collect money from both current and delinquent customers.  These places are very loose with their customers’ information.  The information sharing is so rampant that it actually falls into wrong hands.  I really don’t understand why people use these services.  The interests are illegal and the customers are being victimized over and over because of their desperation for money.

If you need help in getting out of payday loans, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 189

Q:  Can a spouse’s financial immaturity lead to divorce?

A:  I recently bumped into an old acquaintance at the gym that I normally go to.  I was surprised that this girl had a glow on her face when she looked and smiled at me.  I walked up to her and asked if she was preparing to do a bodybuilding show to which she said no.  I had to complement her that she is looking pretty good since I could swear she was really preparing for one.

I slowly broke the ice by stating that I remembered that the last time I spoke to her was she got married and wanted to have a baby.  So was this still her plan?  She smilingly said no because we are getting a divorce.  I was surprised because those two were inseperable when they go to the gym.  Not that that really meant they were not having marital problems but it showed they were happy together.

I did not ask anymore but she proceeded to tell me that she ended paying for his bills and that she was like a maid in her own home because the husband just refused to do anything especially if it had anything to do with money.  This doesn’t mean that the guy was loaded but he truly was immature with finances like paying bills on time and so on.  For two and a half years she tried to put up with this but just like an empty glass of under a slowly leaking faucet, one day the glass will fill and overflow and that is where she stood.  It was time to hung the gloves and call it quits.

The good thing about this is that they never had the child.  Unfortunately during divorces, the children are the ones left to suffer.  I told her that sometimes we are too close to the picture that we cannot really see there is something wrong until we back up and see the whole picture.  There is always a point of realization and it was her time.

I can only imagine how bad it will be for the husband since he has no financial knowledge to move on but there is always a first time for everything and maybe this event in his life will wake him up and become more mature.  There are only two directions this can go.  He can pick up from this and take care of his finances or he can bury himself in debt.  Only time will tell.

Ang ating Lesson, Lahat ng bagay ay may hangganan. Kahit na pagibig!

If you need help in getting out of debt due to divorce, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 190

Q:  Should I believe the advice of some financial advisors in TV?

A:  Hayyy naku!  Mali mali na  naman si Guru.  I always have to remind viewers on TV,  yung si Rod Mercado po is not a qualified person to get financial advice from.  He never worked a day in finance so why would you believe his advices which in most cases were wrong.  That’s what you get when script writers in the Philippines are writing your scripts.  Everything this guy does are all in the Philippines.  I guess he can’t let go.  So why would you believe anything he says?

I last one I heard was that the statute of limitation for a creditor to file suit is six years.  This is very wrong.  The correct answer is four years.  If it were six years everyone would be sued before they can settle.  Also,  the script writer in the Philippines did not check the Fair Debt Collection Practices Act guidelines which is the rule book which controls these practices.  Unfortunate for him is that he uses script writers who are in the Philippines who do not know the rules in the United States of America where he does business.  He opens a business here, hires a few people to make everyone think that he is operating here but in reality sends all the work over to a call center in the Philippines.  At the same token, his clients are getting inferior service.

Next, to cover up this charade, he starts claiming that their system is secure because they are registered with the Philippine Securities and Exchange Commission.  A quick call to my attorney friend in the Philippines resulted in information that all companies in the Philippines are registered with the Philippine Securities and Exchange Commission.  Not very bright!  Creative but not bright.

Ang ating Lesson, Lokohin mo ko minsan, kasalanan mo yon, lokohin mo ko ng pauli ulit, kasalan ko yon!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

Itama po natin! By: Ben Lou

Segment 191

Q:  Should I add my bonus and overtime pay to my monthly budget?

A:   Please don’t it.  This is a time bomb waiting to happen.  There will always be uncertainties in life.  I must warn on the very bad and difficult outcome if one was to include bonuses and overtime to their monthly budget.  Let’s look up the world in itself.  Bonus means anything more than the regular.  Overtime means anything that is over regular work time.  It means that these two extra income is optional, not regular.  You may have or not have it in a given time.  So what does it really mean?  Don’t add it to your monthly budget.  Add it to your emergency fund, buy something you like or even just leave it in the bank for safekeeping.  But never get used to it that your monthly livelihood will depend on it.

Let me share a story of client who called with this problem.  A client from Alberta, Canada contacted me because he was falling behind on his bills since his job had taken away his overtime and bonuses.  He expressed that since he was making a lot of money when his overtime pay was continuously coming in every payday, he decided to buy another car.  Chaos happened when his overtime was taken away and he did know which of his debts he was supposed to enroll in the program.  I told him that the car is a secured debt and the car is the collateral.  It would be better to enroll the credit cards rather than the car since it was easier to settle those than that of the car.  We all need to realize that income from overtime may be temporary.  It is great but when the economy  takes a turn for the worse, that’s the first thing to go if not lay offs.  We all need to have budget based on the regular pay that we get.  Even our jobs are never set but we have to have some kind of a base to create a budget from.  Definitely not including overtime and bonus pay.

Ang ating Lesson, Hinay hinay sa gastos kahit na maganda ang kita at baka ang pera ay maubos.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 192

Q:  My girlfriend is pregnant.  Do I need to prepare financially?

A:  In the eyes of the law, you and your girlfriend are both equally responsible for the well being of the child.  You are also both liable financially for any of the child’s expenses.

Unfortunate for some, they know how to make babies but do not realize the responsibilities involved in raising a child.  Some women have babies from dead beat dads who do not pay child support where they end up getting support from the State.

So for responsible parents who are facing a new baby on its way, these are ways of keeping your finances in order.

1)  Put off getting married until there is really surplus money.  If you keep the wedding   to the lowest cost where you are married by a judge, then you can proceed.

2)  This is a good time to go over each other’s debts and create a plan to pay them off.

3)  Make sure to keep your jobs and health insurance benefits intact.

4)  Get rid of installment accounts that will put a strain in the finances when the baby arrives.

5)  Start an emergency fund.

These pointers can help keep your finances in order before and  when the baby arrives.  Remember to love each other just as much when the baby arrives because you are in this together.

Ang ating Lesson, Mas madali ang maging ama o ina, mahirap ang maging magulang.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 193

Q:  Credit reports are so long and confusing.  How do I really read and understand what is going on with my credit?

A:   To a mere mortal, the geometric calculation of a pyramid would be so complicated but to a mathematical scholar, it will be a piece of cake.  It is the same when reading a credit report.  To someone who knows what to look for, it is quite simple.  But to someone who do not know what certain codes mean, it would be a nightmare.  Complicated things though can be made simple.  Let’s go over items that are in your credit report what do they mean.

First of all, you will see your identifications being listed one by one, such as names used, social security numbers, addresses and employment records.

Next, it follows a certain order of accounts under your name.

Real Estate accounts(First and second mortgages)

Installment Accounts(Auto, personal loans with installment payments)

Revolving Accounts(Credit Cards)

Collection Accounts(Past due)

Other Accounts(Cell  Phone, utility and others)

Under each type of account, it will list every single account together with account numbers that  you have had in the last 7 years whether with or without a balance.

For each account you will also see most of the following information.

When the account was opened and closed

Total credit line

Amount owed

Last payment and how much was last paid

Balance on the account

Status of the account(Late, paying on time,  charge off, etc)

Under the detail of the account is a payment history status which show if you pay on time, late or if in collections. It also states how long in days i.e. 30 days-60days or 120 days late. This is where you want to watch out if your are chronic late payer.  It doesn’t make you look good.

If you find any accounts don’t belong to you, you will have to go online an dispute those accounts.  Most credit reports have some kind of anomaly.   You should check your credit report yearly.

If you have charge off’s, you will generally be denied any loans aside from high interest loans that are designed to break your leg.  Stay away from these kinds of loans.

The final part of the credit reports will show any inquiries made by certain financial institutions on you especially if you have applied for a loan recently.

Ang ating Lesson, Ang taong maraming alam ay mahirap magulangan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

 

Segment 194

Q:  Ben, are there challenges in your job as a financial consultant?

A:  One of the ordeals that I have to deal with from time to time are the Filipinos who have been maltreated or scammed by other Filipinos.  Mahirap talaga!  Why is it that our countrymen can do this to kapwa Filipinos even abroad?  It affects me too because the Filipinos that I talk to are suspicious of me too even if they really need the help.  They become helpless because they do not want to be victimized again.

Like I have mentioned before, there is a Filipino wannabe financial guru and his debt program is in the Philippines at ayaw pang aminin.  Kaya nga yung isang caller who enrolled with them, may bumibili daw ng ticket going to Hong Kong using her credit card.  So now when  this person calls me, how do I make her at  ease she does not think that I will scam her.  Kaya nga mahirap!  Pati sakin walang tiwala dahil niloko na ng other pinoys.

On another note, why are they sending client’s information to the Philippines.  The only reason any business would do this is to make more money.  In a way, they are exploiting the Filipino people who will work for much less than the people here  for more profit.  At the same time they are not thinking of the risks they are taking with their clients’ information.  The next question is what are they doing with the information over there?  Here’s the answer.  They are using unqualified people in the Philippines to settle their clients’ debts here in the US.  These are people who have no idea on how the US Legal system works.  So in short these clients are doomed.  So when they have been abused by other Filipinos, what do you think they will say if theycall me?  They are not going to be trusting.

Ang ating Lesson, Kapwa Filipino ay tulungan natin, huwag pong lokohin.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Segment 195

Q:  I am in debt in the amount of $80K because I fell victim to a year long scam from a fake lover on the internet.  Can you help me?

A:  Is it true that love turns a person blind?  This the perfect example of a Filipina who was longing for love and found it in the wrong place with the wrong person.  Sometimes we have to watch out what we ask for.

There was a client who called me because she was so buried in debt due to lover that she found on the internet.  It is unfortunate that the internet was invented to help people but some use it to scam people out of their hard earned money.  Be very careful of who you contact and who contacts you.

She was so love hungry that the guy sensed it right away and began to make his move a week after they started.  First he borrowed some money then he started giving her stories that he was a rich man but cannot get his hands on his money unless he paid off certain taxes and that was how it all started.  A small loan began increasing until she started taking out high interest personal loans that she knew she had no way of paying.  The man kept hooking her by telling her she was going to get her money back.  She said she was hypnotized and kept looking for ways to get more money so she can give it to her lover.

When she called me she was already $80K in the hole and had no way of getting out.  I told her that she might have to file Bankruptcy.  She did not want to so I fist put her in one of my programs.  She could not keep up after two months so I told her she was facing the inevitable and that we had to have her file Bankruptcy.  She agreed and so after four months her problems were gone.

Ang ating Lesson, Ang magtiwala ay banal basta di ka mapunta sa canal.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

 

 

Segment 196

Q: What do you think will be the effect if Philippine President Duterte abandons relationships with the US?

A:  For one, that will be the end of the call centers in the Philippines.  How realistic can that be though.  Can a one term president change the direction of a country in 6 years?  Let’s take Pnoy for example.  He made a lot of promises to clean up the country during his term.  All that happened was he threw a bunch of people in prison and after his term were set free.  If accomplishments became the question, they would be very little.  To be absolutely blunt, poverty in the country, I feel, became more severe than it ever was.

If he is serious about bringing in China, that may bring new businesses to the Philippines but not necessarily bring new employment for the Filipinos who are looking for new employment.

It will really be hard to say what China or Russia will bring to the table but this will be a endeavor for the Philippines and not limit our resources from one country.  These two countries are also super power nations so it may bring an abundance of new businesses.  Only time will tell.

Ang ating lesson, Lawakan ang isip para makanibang ang bansang Filipinas.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

 

 

Segment 197

Q: What is wrong with Obamacare that all the premiums are going up?

A: The idea behind Obamacare is good but the mechanism that makes it work is the one that is defective.  Let me put it in something that is easy to comprehend by an example.  If a car had tires which are not 100%  round and is unbalanced, the car would run improperly and cause other problems like for the shocks, springs and more.  Obamacare is the same.  That’s what I mean when I say the mechanics around it is defective.

Let’s look at this government program in depth.  Obamacare requires that every individual living in the U.S. need to have health insurance.  You can acquire this from your employment and if they do not offer it, you must get assistance from the government in order to have it or you will face fines at Tax filing.  That part would be great but the premiums that Obamacare offers are not exactly cheap or close to being free.  This is the part that is causing the problem.

If you look at other countries who has a government subsidized health plan, everything has to be controlled by the government.  Meaning including the Insurance companies and the Medical providers.  So what does this mean?

With Obamacare, they obligate the consumers with health insurance but they do not obligate the Insurance companies and the Health providers to a price ceiling.  What this means is that if a patient was to go to a provider and get charged so much can also go to a different provider and get charged much, much more or much, much less.  There is no price control by Obamacare on the service that providers charge.  That is where the mechanism breaks down.  Because if a patient keeps going to an expensive health provider, his or her premium can and will certainly go up the following year because the insurance has to pay a lot for the services required.  If they put a price control, meaning a doctor can only charge this amount for a certain procedure, then the insurance companies cannot increase the premiums yearly.

This is why it works in the U.K., in Canada and in France.  And this is why Obamacare does not work.

Ang ating lesson, Kung gagaya tayo, pagbutihan para di mabigo.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

 

Segment 198

Q: Why do most debt relief companies not accept payday loans?

A:  Payday loans are kind of tough to deal with that is why most debt relief companies are not very friendly about helping with these kind of debts.  Another is that they are not very sizable debts.  In most cases they are $300 to $500 dollars.  It would take quite a bit of payday loans before a client can meet the minimum debt load requirements of usually $7,500 or in most cases $10,000.

But never fear!  As I have always said before I always look for programs that can help clients whatever their situation is and that is what I deliver.  I would also like to remind everyone that payday loan companies also require their customers to leave a open dated check as payment if they do not show up during payment date.  They will deposit this check and if you cannot cover it, then you are in trouble.  At Debt Aid Consulting, we send these companies Power of Attorneys that will put a stop to depositing checks that will get the client in trouble.  Then we are able to help the clients settle the debt for half of what they owe.  The payday loans have very high interest that cripples the client and in most cases once they pay the loan end up taking out another loan so they will have a way to live until next payday.

Payday loans are not bad.  They get people out of a situation until payday comes but this is what it’s purpose is.  It is not meant to be continuous cycle of loans in which customers end up taking loan after loan from different places.  Do not fall into this cycle if you do not want to end up in my program.

Ang ating lesson, Ang five-six ay iwasan, para mas mabuti ang kabuhayan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Segment 199

Q: Are employees from call centers in the Philippines qualified to talk to my creditors?

A:  Let me ask you this, would you call a Philippine attorney to represent you if you got sued here in the U.S.?  I think not.  It still bothers me how and why some companies would think this is ok especially if they do not inform their clients that they will send their information out of the country.  There has got to be some laws being broken here but no one has tried to explore the legalities.

People sometimes get carried away by lovely ads, giveaways, free gifts for marketing purposes but do not realize all these expenses will be taken back from them by the charges they will pay.  Some even create fake testimonials just to lure clients in.  Companies who are looking for big margins use these call centers and will defend them no matter what the cause.  Just like everything else it is driven by money and greed.  They do not care how and what kind of service is provided to the clients as long as they get their big margins.  They do not even care if its legal or not.  They  will deal with legalities later if they pay a fine because it is more likely less than what they will make while they are getting away with using these call centers.

With me, I would rather be poor as long as we know we provide our clients with the best service possible and only provide local U.S. and Canada Programs.  As long as we keep our clients happy and content,  they continue to bring us new clients because they know they will not be embarrassed by the referral.

Ang ating lesson, Ang serbisyo ay pagbutihan para walang pagsisihan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 200

Q: Can my identity be stolen from my cell phone?

A:  A cell phone is virtually a small computer.  It possesses applications that enables you to use it just like a computer as much as information that may be stored in its memory.  So it is a computer and it has your information in it, then it can be hacked and your identity stolen.  It is best to protect yourself as much as possible to prevent yourself from falling victim to identity theft.  Once you become a victim, it will change your life forever.

Here are some pointers to help protect your cell phone from being hacked and your identity stolen.

  • Always establish a pin code or a password. This will force anyone who ends up with your phone with having to reset it which will wipe out all the current information it contains.
  • Beware of phishing emails or scams. In some cases you might receive calls from someone pretending to be your service provider and ask you for certain information that they can use to hack your accounts.  There might also be emails asking you about certain information but these are scams.
  • Monitor your bills monthly. Always check your monthly bills for mobile phones and credit cards.  There may be signs of fraudulent activities or suspicious activities.
  • Safe disposal of phones. When you get a new phone and are ready to get rid of your old phone, erase everything and then give it to a recycling place or donate it. This will keep it away from the hands of thieves.

 

Ang ating lesson, Laman ng moblie phone ay erase muna,  para di mabiktima.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 201

Q: How can bad habits get you in debt?

A: Alcohol, women/men, gambling, drugs or even shopping.  Choose your poison!  Whichever one it is, it can ruin your life both morally and financially.  Any of these habits may lead to dysfunctions that worsens to addiction.

In dealing with alcohol, most cases start with social drinking until it spirals out of control and end in alcoholism.  Alcohol is not cheap and excessive drinking and alcoholism can lead to job loss, legal problems and homelessness.

Men, womanizing or women who loves being with men can also lead to financial hardship.  Remember that money makes this habit possible.  In most cases whether you pay for prostitutes, male or female, will require money.  This habit can also lead to legal problems and health issues if one catches any sexually transmitted diseases.

Gambling is one of the worst habits around.  Gamblers have a very low regard for money meaning they think money is just another piece of paper.  It is merely a vehicle to get their high from gambling.  Gamblers get a high when they bet and this excitement releases chemicals in their brain that makes them feel good.  The low side is when depression steps in after losing all their money.  This habit also leads to legal problems from nonpayment of debt or health issues due to sleep deprivation.

Drug problem is a progressive disease.  It starts out like a party scene habit until it starts taking over one’s life.  Once a person has crossed over from a occasional drug user to a drug addict, this person will always be an addict.  It is up to them to stop completely and usually needs rehabilitation in order to kick the habit.  The worst feeling for a drug addict is the sickness they feel when they need they drug fix.  They will usually do anything in order to get more drugs.  This habit can lead to jails, institution or death.  In most cases drug addicts end up losing their jobs and are in financial distress.  They will burn everyone available to them just to get money to buy more drugs. and it is never enough.

Shopaholics never seem to admit that they have a problem until they start feeling the pressure of sever debt problem.  As I have covered before that shopaholics have a feeling of entitlement to reward themselves for an achievement.  It worsens to finding reasons to shop and next buys merchandise just because it is on sale.  The feeling of want takes over the feeling of need.

Whichever your poison, beware!  It can lead to helplessness and unmanageability of life in itself.  Do yourself a favor.  If you find yourself falling in these categories, find a way to get help so it does not worsen.  Remember that denial of a problem will lead to more troubles than you ever asked for.

Ang ating lesson, Lahat ng bisyo, walang mabuting ituturo!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 202

Q: I entered a debt program and still bought a car even if I cannot afford it.  The car was repossessed and now I don’t know what to do.  Can you still help me?

A:  Should I help this client?  Why not?  That’s what I’m here for.  The problem sometimes with some clients is they still have the fever that they can buy whatever they want even if they are already enrolled in a debt relief program.  It’s really ironic that the they would still put themselves in this situation.  Here’s a story for you.

A client called me and told me he had a big problem.  He told me he bought a car right after he enrolled in the program.  I told him that’s ok as long as he can afford to pay the monthly payments on the car.   As he answered that he really wasn’t able to afford the car but bought it because he liked it became very troubling to me.  He made a few payments on the car and then stopped.  Shortly the car was repossessed and now they are going after him for the remainder of the loan.  As I listened stunned, I cannot but control to ask him why he did something crazy like that?  It was the fever of spending money he did not have.  I guess there is some form of addiction that this client was going through.

I told him he was going to have to wait until the car is sold and wait for the residual bill so we can settle it.  I warned him though that it wasn’t going to be cheap since the car was brand new and that he had to eat the depreciation on it.  Remember that when you take out a brand new car from the dealership, you automatically loose 20-30% of the value because it immediately becomes a used car.  They cannot sell it as a new car anymore.

Ang ating lesson, Huwag pilitin ang di kayang abutin at baka ka mabitin at malagay sa alanganin.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 203

Q: How can I have a lien from a debt I know nothing about be removed from my home?

A:  This would be a very cumbersome task.  It almost feels like it is a multiple stroke solution in order to get to this lien taken off the property but it can be broken down in steps.  You may want to consult an attorney also since most of these type of liens come from a judgment.

In order to breakdown the steps to solve this puzzle, let’s breakdown the events that took place before it became a lien.

  • Initially, there would have been collectors trying to collect on the debt.  These collectors would have contacted an attorney to file suit.  You should have called to tell them you do not owe this.
  • Upon contacting an attorney, there would have been a validation letter sent out to make sure the debt was valid. You cannot undo this process because you were given an opportunity to dispute the debt and did not.
  • Summons received for an unpaid debt. This is again a good time to file an answer in court disputing the validity of the debt because they will have to prove the debt is yours but did not.
  • Judgment was issued for ignoring the lawsuit. Now you can be garnished, or get a lien on property.  Did nothing still.
  • Presently, found out there is a lien and claims the debt is invalid. You will have to contact who out a lien on your house and settle the debt..

I cannot believe that with these many steps where disputing the debt was available, nothing was done.  But now it is time to hire an attorney to see what can be done to dispute the lien.  It is possible though that this person had no  knowledge of this debt which will make it a clerical error.

Ang ating lesson, Problemang pinabayaan,  sa huli pagdadausan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 204

Q:  Why are people who have debt problems very sensitive about their problem?

A:  This is what is called in Psychology as Defense Mechanism.  This is a very touchy matter because it reflects on how a person thinks about money matters.  When this topic is spoken about in a conversation, a guilty person would normally just brush it off or suggest to change the topic.  Really, who wants to talk about how bad they are about their money or how much in debt they are?   Only people who are good about debts or their money brag about how good it is.  To those who suffer from severe debt problems there are other Psychological issues they go through such as depression, anxiety or more.  There was a client who was contemplating suicide to which I told them not to say that because I will call the police.  Anyone contemplating doing harm to themselves must go under observation.

In reality, this is a topic that must be discussed in a conversation but with the right person.  It must done with an experienced or knowledgeable person in confidence.  It is not something you want to share with the world.  If you are close to someone that you feel is good with their money, feel free to pull them aside to discuss your money issues as long as you know they will not mock you for it.  Friends must help friends.  On the other hand, there are professionals who can help you get out of your troubles.  You might not know it but you may have a spending addiction that needs to be addressed.  The New Year is always a good starting point for people to make changes to their lives and this may be the right time for you to make changes to your spending habits.  Don’t put it off.  It only gets worst if you do nothing about it.  Deal with it!  Happy New Year!

Ang ating lesson, Taong humihingi ng tulong, bigyan ng gabay para di umurong.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 205

Q:  Should Christmas mean to bury yourself in debt or leave yourself broke?

A:  Absolutely not!  Christmas is the time of giving but it does not mean to bury yourself in debt or spend money to where you find yourself broke in the end.  For families,  it is a time of getting together and rejoicing for the abundance they received for the past year.  For the unfortunate there are plenty of individuals who are happy to help and give to the needy.  At the same time, any donations to nonprofit companies are also a tax deduction.

Burying yourself in debt or becoming broke due to the holidays is a choice that people make.  It was never intended to be celebrated in this way.  I heard of some people who are unemployed who are waiting for the Black Friday sale the day after Thanksgiving.  How can people think this way?  How are they to pay for the purchases when the bill comes even if they were able to get the merchandise at a bargain?  This is the wrong mentality for Christmas and it has to change.  In some cases, there some who has skipped the celebration of Thanksgiving just to hit every store during Black Friday.  What has become of the Spirit of the Holidays?  It has turned into Economics.  The people who think this way are the ones who find themselves in big hole after the holidays trying to pay off debts that they have incurred up through the following year, then what happens?  It is the holidays again!

In other cases, I have heard of people who take advantage of bargains for things  they don’t even need.  Come on people!  If you don’t need it, you don’t have to buy it just because it is on sale!  When are you going to use it?  Three years from now?  Then the money you paid for it could have doubled in the bank by that time so why spend it?  There is no need to splurge in a spending frenzy because it is Christmas.  Stores want to take advantage of the holidays to push products you don’t need.  It is up to you to be smart and not take the bait.

Ang ating lesson, Huwag pilitin ang di kayang abutin at baka ang budget natin ang walang abutin.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 206

Q:  How can I ensure success in my quest to be debt free for the New Year?

A:  The success of your plan will depend on your discipline.  It will not be easy  but it can be done.  Remember that your plan is one among the many New Year’s resolution that will people will contemplate for the New Year.  Many will fail and some will succeed but your fate will solely be determined by your determination to succeed.  If you do not stray from your plan, then it can be done.

One of the hindrances that people face with their plans of becoming debt free is the way the market in the North Americas is designed.  It is mainly designed to make people spend.  It makes the economy healthy but you have to be smart about it.  If you notice there is a holiday almost every month in a given year.  These holidays are designed to make people spend money.  Let’s look at the holidays for the year.

  • Christmas
  • New Year
  • Valentines
  • Mother’s day
  • Father’s day
  • Memorial day
  • 4th of July
  • Labor day
  • Thanksgiving
  • Black Friday
  • Birthdays

With all these holidays in a given year, each one is associated with making you spend money on gifts.  There is a “Sale” in every department store and dealerships all over town.  So it is up to you to have the discipline to avoid the temptations of spending.

Ang ating lesson, New year’s resolution, baka ito ang solusyon.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 207

Q:  How can I stop gambling for the New Year?

A:  It is easier said than done but if you are decided and your life has become unmanageable due to gambling, admitting you have a problem is the first step.  People who are in denial about their addictions often minimize by saying I’m not that bad or point the fingers at others to take attention away from them as the problem.  One thing for sure is that they are not any part of the solution, but only a part of the problem that will eventually get worse.

Let me share a story of a client who I had to help with her debts and her gambling addiction at the same time.  A woman called me in dire straits because she had debts up through her neck and she was having a hard time paying them since at the same time she has already squandered half her life savings.  Her husband did not know she was able to get a second mortgage on their house by forging his signature on the loan documents.  She also went through half of her 401K due to gambling at the casinos with her new acquaintances.  When she called me she was requesting for me not to inform her husband of their situation but I told her that it will be impossible for her to hide the trouble she was in because she will receive collection calls and letters at home and her husband might end up answering the phone or opening the mail.  I told her that it would be better to face her problems head on and discuss it with her husband.   This way there would be no surprises.  She agreed and they both entered the program.  I told them that the program will have to take its course and that the debts will have to be settled.

A year went by without any issues until she called me and said that she went back to gambling and has lost all her 401K plus issued checks to the casino that had no funds in the bank.  I explained to her that owing the casino is one thing but when one issues checks that have no funds can be presumed as fraud which is a crime.  The casino can take the case to the Distinct Attorney, file a complaint and a warrant can be issued for arrest.  At this point she became hopeless and wanted to literally die.  I told her that she promised me that she was going to stay away but went back anyway.  Her reason was that her friends called her and invited her to go and she thought she could control it but it appeared that she couldn’t.  Again, I told her that her husband can only be the one to help her cover the checks and that she needs to seek help with her gambling addiction.

Now, you see how this addiction took this client all the way to the cleaners almost resulting in her arrest.  I hope you picked up a lesson with this story because the disease is progressive.  It does not start out bad right away.  It slowly gets worst.  So if you are serious about giving up the habit, you need to stay away from your old friends from the casino and occupy yourself with something more productive on your free time like church or nonprofit volunteer.  Nevertheless, you need to stay away from any form of gambling all together.

Ang ating lesson, Sa sugal ay walang panalo, lagi kang talo!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 208

Q:  Can the IRS still penalize me severely if I cheat on my taxes just a little bit?

A:  Let me ask this question, can you still go to jail if you are caught stealing just a little bit?  The answer is a big YES.  Cheating on taxes is something a lot of people do thinking that because of the millions of people filing, the odds they are going to get caught is very slim.  This may be true but why take the risk?  The penalties and interest charged will be so severe you might say never to do it again.  Some learn a lesson from being caught and some don’t and do it again. One thing for sure you become someone in the IRS radar which means they are keeping an eye on you if you will become a repeat offender.  Then, it really gets bad for you.

Cheating on taxes is very rampant because people normally do not plan ahead.  They are not ready for the taxes that will be due at tax filing deadline for all kinds of different reasons.  Most of them is that they would rather keep the money rather than pay it to the government.  I have heard stories that they do not make enough so that they have to claim so much at work so that hardly any tax is withheld by their employer.  This becomes a problem during tax filing because if you did not have enough tax withheld, the result would be that you have sustained your expenses during the whole year that just passed, you will now face a problem having to pay all your taxes during tax filing.  This is the time people find out they do not have the money to pay for it.  So they will owe the taxes for the prior year and will do the same during the current year.  Please, do yourself a favor and stop the bleeding.  You will end up facing years of arrears if you let your taxes pile up not to even mention the penalties and interest that will be tagged to your delinquent tax debt.

Another source of this problem is that people think they have gotten away from cheating because they did not get a notice from the IRS the following year.  Please bear in mind that they are three years behind in checking.  If you get a refund and you are caught three years later, this will amount to a lot of dollars.  Also, business people,  should keep in mind big fluctuations in their financials because this is also a red flag for audits.

Ang ating lesson, Ang buwis ay pagplanuhan, para di natin pagdusahan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 209

Q:  After clicking on a link from an email, my computer froze and it told me to call a number who was asking me for money to unfreeze my computer.  What can I do?

A:  I am assuming there is no presence of an anti virus installed in your computer.  Also, I am assuming you have not backed up your data or do not even back up your data.  So the question now is to pay or not to pay?  What do you do when your information has been kidnapped by an unknown perpetrator?  This crime is called Ransomware.

The U.S. Government  has been going after these cyber criminals but they are working in different countries using the internet as a way to hack into your computer.  Hackers are able to hold your computers hostage by getting into your data through the internet and encrypting your data.  After doing so, you will need a key to decrypt the data so you can use them again.  The catch is that you have to buy this key from them in order to unlock your files and this will cost you.

The best defense is to always have an updated anti virus installed on your computer.  Also, don’t be too quick on clicking on links and pop ups that show up when you are visiting unknown sites.  Stay away from unverified websites.

As a second defense in case they get through your anti virus, back up your data every two days just so you can preserve your information.  Sometimes these criminals become very creative and get through your defenses.  This way you can always format your hard drive and reinstall your whole system with very little loss rather than losing all your data to a hacker.

Ang ating lesson, Laging maging handa sa magnanakaw, dahil iba iba ang anyo nito sa ibabaw.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 210

Q:  How can I break my bad financial habits?

A:  You’re not the only one.  Almost everyone has bad financial habits.  Even wealthy people have them.

 

 

Sometimes we are our own worst enemy. We have the best of intentions. We know that we should watch our spending. We know that we should be saving money and contributing to our retirement plan, but somehow, we just can’t seem to do it. So what is holding us back?

It could be those little detrimental habits. Often, they don’t seem so bad. They’re just a little thing. You know the one’s I’m talking about.

Minimizing things like:

  • I only grab that expensive coffee drink every once in a while or when I really need one. It’s not like I have one every day.
  • Sure, I used my credit card again. Yeah, I only make the minimum payment, but I’ll pay more on it next month.
  • I know I should fill out that form to start contributing to my retirement account, but I’ll do that next year.

Even “little things” can add up over time. That can be a good thing if you’re talking about growing the balance in your retirement account. However, it’s a bad thing when you’re talking about those little expenses or procrastinations that wreak havoc on finances. So how do you break bad financial habits?

Denise Mann wrote an article for WebMD.com entitled “3 Easy Steps to Breaking Bad Habits.” In her article, she discusses three steps for breaking a bad habit.

Step 1: Make It Conscious

The first step is to figure out when and why you are engaging in the habit. Identifying the circumstances and feelings associated with the behavior helps you figure out why you are doing it.

Are you grabbing that cup of expensive coffee because you didn’t sleep well or maybe because you didn’t have enough time to make coffee at home? Did you use your credit card because it’s convenient or maybe you were bored, so you went shopping? Is the reason you don’t want to fill out that retirement form because it makes you feel confused?

Step 2: Put It in Writing

Writing down the behavior that you want to change can help you analyze what is causing the behavior. Logging the behavior can help you identify the conditions that trigger it and your feelings that initiate the behavior.

Keeping track of the frequency of the behavior is also helpful. Maybe you’ll find that you are buying that expensive coffee almost every day. Maybe you’re pulling out that credit card twice a day, instead of just a couple of times a week. Measuring a behavior makes you more aware of it and makes you more likely to change it.

Step 3: Bait and Switch

Eradicating a behavior is very hard to do, especially if it has become a habit. One way to overcome the difficulty is to “replace” that unwanted behavior with another behavior. In her WebMD article, Ms. Mann talks about replacing a behavior like biting your nails with chewing gum instead.

You can use a similar approach with those bad financial habits.

  • Use a flavored creamer in your coffee that you made at home instead of buying that expensive espresso drink.
  • When you’re bored, instead of going shopping, try calling up a friend, going to the library, or volunteering at a local charity.
  • When you feel overwhelmed by those retirement plan forms, try talking with a trusted friend about how they handle their retirement saving or talking with your HR department about what resources or advisors are available to you.

Creativity is your friend when it comes to changing a bad habit. Don’t be afraid to try different things that might work for you. You can change that bad habit into a good one or at least into a less financially damaging one.

If you have fallen into bad financial habits, take action. Make yourself conscious of the habits, write them down, and replace them, so you can enjoy a happier, healthier, and more fulfilling life.

 

Ang ating lesson, Alamin ang mali at ito ay itama upang ang buhay natin ay maging mapayapa.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

 

Segment 211

Q:  How are these people who keep selling me stuff on the phone able to get my number when I am unlisted?

A:  The internet is not called information technology for no reason.  A lot of times people have their own lists of names, phone numbers, address and so on of contacts of family members, co-workers and friends.  Though this may be just a harmless list. to others, this is valuable information.  To a marketer, this list can be used to communicate with your contacts which to them are called leads.  Hmmmm Leads?   This leads are targets for phone calls, mailers and other form of communication in order to send out attractive offers for products they sell.  So count yourself as being just one person with a thousand contacts.  That doesn’t sound like much.  But when they get your contacts and your contacts’ contacts and so on, this will amount to millions of potential customers where if just hit ten percent of the whole pie could bring in millions to their business.  Not so simple anymore is it?

So how dothey get a hold of these information?  When you apply for jobs, credit, and any other forms of questionnaire that would require you to put in as much information about yourself and others.  When you join a raffle asking also for some basic information asking for emergency contact.  These are just some of ways they can have you willingly give out that information to them for further use.  Then there is the normal way of getting such information from your service providers such as TV, Cable , Mobile and utilities.  This is why you are getting that sales call all day long not knowing how they got your information.  To keep your information safe, always give as very little as possibly as needed.  Ask questions why they will need that information and what is to happen if you were not comfortable in handing that out.  Remember, it is your information.  You own it and they are asking for you to give it to them.  You always have a choice.

Ang ating lesson, Information ninyo ay ginto sa taong gustong pakinabangan ito.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Segment 212

Q:  What are things about money that is not taught in school?

A:  Have you ever wondered why there are some difficulties that we face in life that were never taught in the textbooks that we had in school?  There are certain experiences in all our lives that will and could never be explained in textbooks in school because mainly we are to experience them if so is our fate.  The good thing about experiencing it is that we are able to feel the emotions and frustrations mainly the positive and negative effect of things that we have done and learn not to do it again.  But foremost to take steps not to let it happen again if possible.

Dealing with money is one of them.  In school, they can only show us what to do with certain amounts of money based ideal situations that can be provided by the text.  In real life it can present itself in the same text but there may be certain factors that add to a situation.  Let me give an example on this:

In text as it can present itself that you were to borrow money for a certain project you want in order to start a business.  It will show you interest rates, time of loans repayments and so on.  What if you add that your father was also sick and had to be ran to the hospital and then your mother all of a sudden lost her job in the middle of all this problems brewing.  How is the text going to take all of these situations and give you a step by step get out of this situation plan seamlessly?  There is no possible way that the school can prepare you for something like this nevertheless you need to experience it and get through it you must.

The only thing I can suggest is to always put money aside for no one know any of our fate.  The money you put away now may be the one that can save us from the dilemna once it is here.  Face the problems head on and keep moving forward.  Distraction is out of the question.

Ang ating lesson, Lagi tayong may laban pag ang problema ay pinaghahandaan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Segment 213

Q:  Do you have some pointers for first time home buyers?

A:  Congratulations if you are looking to buy your first home.  There are some pros and cons that you may need to watch out for in doing so.  I’d like you to separate the purchase with different brokers, one being the realtor, then the finance company and the last is the escrow.  Sometimes you may not have a choice in the escrow company to be used because the seller is the one making it.  Stay away from realtors who wants to do it all for you.  They have a financial interest in the triple whammy.

Here are some pointers:

  • Low down payment. If you do not have much for a down payment, you can take advantage of an FHA loan which allows for as low as 3.5% down payment.  The things to watch out for is that there is a maximum amount for the house you are to buy.  In most cases they do not want to take townhomes and condos as well.  So if you are looking for a home in a high priced community you may be out of luck.  Remember to always look for the house you can afford.  You can work your way up to your dream house as you progress in life.
  • Fixed Interest Rates. For first time home buyers this is a good way to start with your home loan.  Playing Russian roulette with you interest rate by choosing to go with adjustable rate may be too risky for first time home buyers although there are limitations as to how much it can go up in one year.  This is really good when the interest is really low and it can only go up to a maximum.
  • Mortgage Insurance. Be ready to get hit with this insurance if you don’t have enough or a big down payment.  FHA loans will carry this type of insurance just because of the risks that the bank is taking on your behalf.

Always be on the lookout for people who will try to take advantage of you.  Do your homework so you are never completely in the dark.  Read everything before you sign anything.  They will want to rush you to sign documents so everyone can get paid.  Once they have been paid, there is no recourse but to sue.  So save yourself the headache.

Ang ating lesson, Kung ikaw ay baguhan sa isang bagay, ito ay paghandaan para hindi mapasa masamang lagay.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Segment 214

Q:  A repair shop did my brakes and I paid the charges.  After a couple of days, the brakes made some noise when I step on it.  They told me I need other parts and they need to charge me for parts and labor.  Is there something wrong with that?

A:  If you feel you have been wronged by a car repair shop and resident of California, you can report this to BAR(Bureau of Automotive Repair).  Please check your local State for repairs enforcement.

A client called seeking advice on what to do because he had his brakes repaired by a company then a couple of days later it started making noises when he stepped on it.  I told him to stop driving the car and bring it back right away to the repair shop who fixed it.  He already did that and they told him there is another part needed and that he would have to pay for that part and labor to install that part.  He didn’t feel right about it so he called me.

I told him that it didn’t seem right that the car shop would ask him to pay for labor in order to install a part that they should have replaced the first time.  This seems like a double whammy.  If they need to install a new part that they should have done the first time, the labor to take it apart again should not be on you especially if this should have been done correctly the first time.  They are not paying for your time to bring the car back and wait for the repairs to be completed.

When he went back to the shop,  he told them what I said and told them that he would file a complaint with BAR, then that is when the manager said that he can pay for the part only.  Sometimes it is a good thing to ask why you are being charged for something you don’t feel is right.  Fight for your rights and for your money.  You worked hard for it.  Don’t just give it up without a fight.

Ang ating lesson, Ang perang pinaghirapan ay dapat handang ipaglaban.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 215

Q:  A hotel where I checked in demanded a deposit of $100 for liquor in the fridge if I end up drinking any but I didn’t.  When I checked out they said that it will be credited back to my credit card which still hasn’t happened.  The hotel is so far from me so how can I contest that?

A:  A client called me to ask for advice regarding a hotel in Manila, Philippines who did not return the deposit of $100 back to his credit card.  They claim he used liquor from the fridge in his room but according to the caller he did not.  The best way to handle this kind of transaction is to give cash as a deposit so when you check out, you can get cash back.  If you use a credit card for a deposit, then, you become at their mercy because they can turn it around and claim what they are claiming now and you have no way to disprove that.  If you use a credit card as a deposit, this are steps you can do:

1)  Make sure to have someone check it at the hotel counter when you checkout.

2)  If they claim no one is available to check it, have the manager write you a note that you have not used any if he does not want to check it and issue you a receipt for the credit.

3)  You can call your credit card company and ask them to reverse those charges for the same reason.

4)  Next time, use cash as a deposit so you can get it back when you check out.

5)  Always use reputable hotels so this does not happen again.

People who are very trusting of people are the ones who are always calling me to ask for advice on how to reverse the actions they did and in most cases the process of reversing them is very tedious.  The best is to always protect yourself by being proactive.  Nothing bad can happen to you if you are always on the defense.

Ang ating lesson, Ibahin ang tuso dahil kay hirap maloko.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 216

Q:  Can I buy a home 6 months after enrolling in your program?

A:  If you are approved, then by all means.  Some of the things we do are irreversible when we go into a debt relief program.  The best thing to do when we have long term goals is to prepare and begin planning our short term goals before we address the long term.  Here’s a perfect example.

A client who was enrolled in one of my programs for three months called me and asked me if she can buy a home in six months.  I told her she will probably not be approved because of her credit situation.  She started mouthing off that this was the reason she entered my program.  She wanted her credit to be fixed so that she can buy a home real soon.  she also wanted me to speak to the realtor to explain that her credit is good because she is in my program to which I told her I will not speak to anyone on her behalf.  I explained to her that she was in severe unsecured debt problem.  It was going to take at least eighteen to twenty four months before she is done.  Then she will have to re-establish credit for a year or two before she can even consider buying a home.  Debt relief is not an overnight solution to your problems.  It took years to get ourselves in the hole we are in and there is no immediate solution that you can gain your long term goals because we never took into consideration the short term.  There is no magic in this program.  So in light of all these explanation, I told her that if she applied for a home loan and if approved, then by all means, buy the home you want.  I cannot and will not be involved in that process.

Ang ating lesson, Ang ating gawain ay laging planuhin, para di maudlot ang ating gustong maatim.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 217

Q:  If I remove my husband as an authorized user, will my bad credit be removed from his?

A:  Some of the things we do are irreversible.  This is one of them.  When we add an authorized user to our account, that account will also appear in their credit report as an authorized user only account.

What does this mean?  It allows anyone reading the credit report to know that he does not own that account.  It is not the same as a co-maker or co-applicant to the account.  It only means that they have been given permission by the account owner to use that credit for any reason or purchase they want.  The account owner can also set restrictions for the authorized user such as taking cash out of the account.  It does not make the authorized user a responsible party to the debt.  However, if the owner of the account were to default on payments, they can contact this person and ask them some information in order to get a hold of the account holder.  Also, if the account is delinquent, this will show up on the authorized user’s credit report which also makes them look bad.

Does it affect their credit score?  In most cases, since they are not the responsible party, it does not unless they have their own debts that are also delinquent.

Can you take out the authorized user off the account?  Yes, you can but it does not mean that the delinquent account will disappear from their credit report automatically.  The authorized user can request the credit reporting agencies to remove them since they are no longer a user of the account and they are not responsible.

Sa problemang anting gagawin ay isipin at ang ating idadamay ay di sisingilin.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 218

Q:  My husband and I were scammed by other Filipinos to invest their non-profit where we can deduct the money we owe from our taxes and still be able to take our investment out  when we want it.  This turned out to be a scam and the Canada Revenue wants us to pay a lot of money.  Can you help us?

A:  What do scammers use to make us give up our money to them without a fight?  The answer would be “Our own greed!”  Because of our high hopes of easy big money we tend to believe something that is too good to be true.  Let me share with you what a Filipino Canadian caller went through in hopes of a big gain, from a pitch that couldn’t not be possible true.

Through other Filipinos circle of friends, we will find out the silliest of things we can ever get into.  They were invited by their friends to attend this meeting with a couple as the Filipino speakers in Alberta, Canada.  The couple proceeded to tell them that if they invest in their company which was a non-profit, they would be entitled to write off the investment as charitable contribution from their taxes and they can withdraw the money anytime.  They were convinced that this is true because the couple even had visual aids and statistics to show everyone.  This couple turned out to be scammers because after a year of taking money from people, they packed up and left and could not be found.  Everyone who invested in this company were eventually contacted by Canada Revenue(IRS of Canada), that the deductions they took from their tax return is not legit and they needed to pay the taxes plus interest on those deductions.  The sad thing about this husband and wife team was that they did not have the money to invest but was lured to make that investment, so where did they get the money?  From their credit cards as cash advances.  So, they are now in debt with their credit cards, lost the investment to thieves and being sought after by Canada Revenue.  This is a triple whammy!  How does one get out of this hole?  It is almost an impossible task.

I told the caller that all the visuals that they saw was to convince them that the investment is real.  I mean, if you were a scammer, wouldn’t you want your presentation to be believable?  After all you want them to give up their money to you.

I told them that the answer might be to file bankruptcy if they have no way to pay the money back and report the incident to the police.  The wife was very much affected by the whole thing because she convinced her husband to do it but it always takes two to tango so they have to both own it.

Ang ating lesson, Lahat ng bagay ay pagisipan dahil di ninyo alam kung ito ay lokohan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 219

Q:  Should I be paying off debts rather than start my emergency fund?

A:  Logically, you should be paying off debts first.  There are a few factors to consider when you are faced with this situation of choosing one or the other.  You should examine your sources of money and any benefits associated with an  emergency savings.  Here are some pointers:

  • See if there are benefits like matching funds from work for money being put aside.
  • The interest rates are you paying for your credit cards.
  • Putting money away in retirement with a match from your work.
  • The psychological effect of having money set aside.
  • The amount of money to save in your emergency fund.
  • How much debt you have.
  • You may also try 50-50 split.

In my experience, it is always good to have an emergency fund that can last up to a year in case of job loss or any type of emergency, thus the word emergency.  It is not a bad idea to always have money for a rainy day and you also feel more confident about your financial stability.  It really  should.  Try being in debt and having no savings.  It’s not a very comfortable situation.

In any case is a win-win situation for you.  You will start paying off debts and have an emergency fund which give us peace of mind.

Ang ating lesson, Ang taong naghahanda ay walang kinababahala.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 220

Q:  Are you able to help me if my wife and I took out a loan knowing we had no jobs but we had every intention of paying them back?

A:  Intentions are always good but how can you even contemplate  on having the intention if you have no way of earning money to pay the loan back?  This is a dream made in heaven.  Imagine how one could even get a loan from a storefront, fill out an application stating they have no jobs and get a loan.  It was doomed from the beginning.  Whatever the need was is not an excuse to make a promise you cannot keep.  Let’s go over the call that I received from this client to fully understand.

A client called me one evening asking for my help because he had taken out a loan for one thousand dollars.  He told me he continued to take a second loan out every morning for the same amount, pay out the old loan and take another one out again to pay back  the loan he took out that morning.  This is a real robbing Peter to pay Paul kind of deal.  One day the morning loans did not want to give him a loan anymore.  Then the cycle stopped and that was when he called me.  There is no good answer for this because it was doomed from the very beginning since he has no way to pay them back.

Then he proceeded to tell me that the wife took out a loan as well for four thousand five hundred dollars.  She closed her account so no one can take payments out, considering there’s no money in there anyway.  This almost feels like a fraud.

How can someone say they had every intention of paying back the loan when all the signs of not wanting to pay was present?  It was the reason why the loan was taken out.  Their son ended up in the hospital in the Philippines and they had to send money that they did not have and fast.  I do not understand our kapwa Filipinos when it comes to this.  they would rather create another problem than to really find the right solution for the first problem. He started giving an excuse that the interest was too high.  I told the gentleman on the other end of the phone that even if the storefront told him that the loan would double, he would still have taken the money.  At this point he could have gambled the money away and the result would be the same except this one went to a good cause for all the wrong reasons.

Ating lesson,  Panu ka kakapit ka ba sa patalim kung wala namang patalim na kakapitan?

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 221

Q:  How is it that my program results differently than others?

A:  A client was venting his frustrations to me one day when mostof his creditors with high balances were suing him one after the other.  I told him that every person’s journey in the program would typically be different.  The cases that seem to be very similar are low balances less than a thousand per debt and total debt being not so high.  It seems that the creditors are pretty much accepting the loss from those clients.  In this client’s case, there were disclosures he failed to discuss during his intake.  There are cases when a creditor would go after a debtor mainly because of certain information that is readily available to them in the debtor’s credit report.  Yelling out I am in hardship does not cut it.  Here are some examples.

  • If you own a home and are still able to continue to pay the mortgage.
  • If you left out accounts from your program and are still paying on them.
  • If there are assets paid off contained on your credit report.
  • If your credit report shows you have a spouse who is not delinquent especially if you are in a community property State.
  • If you have co-applicants in your accounts.
  • If your credit report reveals you have a job
  • If they are not passed the statute of suing the client and does not want the statute to expire.
  • If it is obvious you will not file bankruptcy.
  • If the balances are too high to forego.

These are mostly the cases why one’s program will differ in results from others.  But revealing everything during your intake can help us prepare for certain events that become high in probability so be honest and let us know anything that you feel will help us help you.  In my experience, the ones that have an eventful program had the most to hide from us.  Us!  The people who will help them.

Ating lesson,  Huwag mandaya para di mapahiya!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 222

Q:  Where can I find a debt relief program that can tell me exactly how long it would be to finish?

A:  In any debt settlement program, everything we give you as far as terms are good faith estimates.  None of us have a crystal ball so we can tell you exactly how eventful or uneventful your program would be.  The estimates are based from previous Performances of different accounts that we have settled.  It still does not state that because one account settled for eighty percent discount, yours will end up the same way.  The program will also differ in events based on the client’s ability to come up with funds to settle the accounts and how short they are able to maintain their programs.

Thus, we have clients who want to live their lives as if they have no debt problems.  I have clients that keep vacationing to the Philippines even if they are enrolled in the program.  Some would put their programs on hold while they vacation.  some get sued while they are on vacation.  Collectors are relentless until they have settled and collected on the debts the clients owe so why they think that they are in a state of sanctuary after having enrolled in the debt program is beyond me.  I do not understand either that they feel the money they put in the program will keep them immune from being sued when in the agreements,  it clearly states that they can be sued by the creditors.  And for the record, there is no government hosted debt relief program that will save anyone from paying their debts.  These are lies that dishonest marketing companies play in order to get the clients to call them and scare them even more to make sure they enroll.

Ating lesson,  Huwag mag ilusyon, para magkaroon ng tunay na solusyon.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 223

Q:  I like your program but I want to keep my boat and RV if I enroll in your program for my eighty thousand credit card debt.  Is that possible?

A:  Anything is possible but has it not occurred to you that you cannot afford the boat and RV?  Let’s look at your situation.  You are eighty thousand dollars in the hole.  You have not paid in so long.  Even if you filed bankruptcy, they would tell you to sell the boat and RV to pay some of the debts.  Having the boat and RV has left you in severe debt.  You already lost your home.  Does the boat and RV make you look so good to your friends even if you are living in an apartment?  I do not see the logic in this.

A client called me asking me how I can help them keep the boat and RV even if they are carrying an eighty thousand dollar debt.  They feel entitled.  I have often explained to people that entitlement can lead to barrel of problems.  It is an illusion that a lot of people want to keep and enjoy. But on a temporary basis.  Remember that while you are so busy trying to keep up with the Joneses, another problem is brewing.  You are creating a hole for yourselves that you will find very difficult to get out of because of the lifestyle you have chosen.

You have to remember that with all the money you now owe, you could have put two of your children through college, or put a lot of money into retirement that would compound to a lot of gains by the time you retire.  Don’t waste the money in things you do not need.  Make every penny count because when you grow old, you will not be able to work even if you wanted to because no one will hire you and you cannot bring all that time back.

Ating lesson,  Huwag ipilit para di maiipit!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 224

Q:  Who can we really trust?

A:  My faith was tested quite recently with an old friend from college who I bumped into at an event I attended.  This friend told me how he was down on his luck and that he really needed a job. I felt bad for the guy so I offered a start up position for him.  I asked him first to send me his resume to which I was satisfied based on the experience he had.  I wanted to test him so I asked him to re-write some items that I need reworded and I noticed he struggled with it.  I brushed it off that maybe he is just a little rusty and I can help him get back on track.  I then told him what he needed in order to do the job and he said he was lacking some of the items and if I loaned him the money he can get everything together and be able to do it.  So I gave him some money and expected him to make the purchases of certain things he needed.  I really expected him to do so since he really expressed his gratitude for my help.

The following day, I wanted to check up on him and find out if he had completed the requirements but did not get a hold of him until late.  To my surprise, he told me he did not have the money anymore and that he had not purchased any of the requirements.  So my next question was where did the money go and he did not give me an answer but that he still wanted the job.  I was so disappointed that I told him there is no job anymore and that he has lost my confidence in  him.  This was the last communication I had with him.

During this revelation, I forgot that all my classmates and friends from High School and College have all gone in different directions.  My intention on wanting to help is noble but the 35 years that have gone by have changed everyone for the good or for the bad.  Maybe this is the reason he was out of a job.  He tends to burn everyone in his path who tried to help him.  Nevertheless, I will be more careful next time when I try to help people, no matter who they may be.

Ang atin lesson, Marangal ang magtiwala at tumulong ngunit ingat pa rin ba ang tanong?

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 225

Q: Why should I keep receipts for tax purposes?

A:  The government is very strict when it comes to receipts.  Ctizens with businesses and have exemptions must have proof for any deductions that they claim.  They are very strict when it comes to donations.  To some Filipinos, they think that giving money to their relatives who are in hardship represents donations.  We also have to keep away from tax preparers who would put down any deduction you wish just to get a bigger refund.  When caught, these clients call me with all kinds of excuses as to why their tax preparer did their taxes wrong.  Remember,  you are the one signing your tax return.  If you get busted, you are left to face this problem on your own.  Your tax preparer will not back you up specially if you have no receipts to back up your claim.

I have callers who are so behind on paying their taxes because they cannot get their receipts together.  In other words, keep your bookkeeping straight so that you won’t have problems at year end.  You are only given a certain amount of time to get your taxes done and most of the time this is sufficient to get everything done unless you have not prepared.  Just imagine to compress all that happened in one year into a month while you still have to do the work you need to do on a daily basis.  Do not procrastinate.  You will be the one to pay in the end and keep those receipts.  No receipt, no proof.

Ating lesson,  Kung walang resibo, di ito suportado!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 226

Q:  Can coming to see you solve my problems?

A:  A woman called me one day so ready to make an appointment to meet with me at my office never stating why.  I asked her where she is and she is somewhere close to four hours away from where I am.  So I asked her before making an appointment to come see coming from so far, why not tell me what the problem was.  I’d like to know I can do something for her problem before letting her come.  She told me it was because of her son whose tax refund was taken by the government.  Suddenly, I knew what the problem was and there was likely nothing I can do for them.  I told her that her son must have some unpaid Federal Student Loans.  She didn’t care about the refund but he received a garnishment order at his job.  So now the problem just got really serious and further from my help.  She said he was going to a school in San Francisco and transferred back home without checking if the classes would be accredited.  She said he probably didn’t.  So I told her that this is the reason the son is in so much trouble with money.  He does not care what he does.

Mainly the woman wanted to find out what they can do to stop the garnishment.  I told her there was nothing she can do since they were student loans.  He just needs to pay them all.  Nothing else he or she can do.

Ating lesson,  Walang pagsisise pag ikaw ay responsable.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 227

Q:  How am I supposed to live with my pension and social security and at the same time deep credit card debts?

A:  An impossible situation!  Is there a way out?  There are a few ways to get out the hole in this situation provided there are some resources left.  We don’t want to file bankruptcy at this point.  Like I always say, bankruptcy should always be a last resort.

The first task for a situation like this to contain the situation where we always say, let’s stop the bleeding.  One who is too close to the picture cannot see the whole picture.  They can only see what is right in front of them.  In most cases, they become consumed with the web of problems that they become creatures of habit and just do what they have to do month by month.  The objective is to get out of this cycle.

Once we have identified if the income is the problem meaning it is too low, we must look for ways of disposing liquid assets in order to covert to cash and pay down the debt.  If there are none, look at real properties where we can take out a loan and manage that with the income received monthly.

If these ways we are able to minimize the monthly damage of the debts, then we must proceed and make sure that the process is followed month after month until the problem is gone.

Now is the time to educate the retiree in how to manage their finances.  Giving them continues lectures will not help the situation since they are only hearing in one ear and goes out the other ear and that’s not helping them.  Analyze first then execute the fix.

Ating lesson,  Ang retirement ay pagplanuhan ng di sa huli maisahan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Military Debts, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 228

Q:  Why do apartment applications treat you like you applying for a loan?

A:  If you are looking for an apartment these days, be ready for a credit and background check.  They do not want to rent to problem tenants.  They want small families if they even allow families.  Most apartments want singles to rent so they can preserve the apartments.  The more people live in it, the more the chances the place can be a wreck.  At the same time, apartment owners or management cannot discriminate against anyone who is qualified to rent.  There are rules protecting tenants from being discriminated upon.  If you feel you have been wronged, you can contact the Department of Housing and Urban Development in your local area.

If a landlord refuses to rent to you after running a background check, then these are your rights according to the law:

  • The landlord must give you notice orally, in writing or via email.
  • The notice must contain the contact information for the company that supplied the information why you are being denied tenancy.
  • The notice must inform you of your rights to correct any inaccuracy in the information and to get a free copy of the report within 60 days of landlord’s decision.

You should also get a copy of your free credit report on your own so that any inaccuracy can be disputed before your application.

Ating lesson,  Ang record ay ingatan nang walang pagsisihan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 229

Q:  Ride Sharing or Taxi?

A:  For something like this, it will always be a matter of preference for they are both legal.  There are some thing that one should always take into consideration before making a preference though.  Remember that taxis have been around for a long time.  It has been another choice of personalized public transportation other than taking a bus.  A taxi can pick you up and take you straight to your destination without going through many stops at passenger pick up stations.  But the bill shows the difference in service from a bus.  It is definitely much higher.

Decades later, a new way of getting from and to a destination has evolved.  It is called Ride Sharing.  This is an App downloaded in your smart phone so that you will have access to a Ride Sharing driver at a smaller cost and will have the same result as taking ataxi.  After all we just want to get to where we are going fast and easy.

With these there are always risks when taking either Ride Sharing or a Taxi.  Let’s look over these and see where you are much better off.

Taxi:

  • Required to have commercial vehicle. The coverage is different for each State but you are very much covered by their insurance.
  • Extensive background check
  • Must have the right and valid Driver’s License class
  • Must use a real taxi and display their Operator license
  • Usually higher cost

Ride Sharing:

  • Not required to have commercial insurance.
  • Limited background check
  • Must have a regular driver’s license class
  • Only displays the ride sharing company they represent
  • Usually lower cost

No matter what you choice maybe, always look at the pros and cons.  As these are both legal ways of public transportation both have their own benefits.

Ating lesson,  Alin man ang gustong pagpilian, kailangan itong pagisipan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 230

Q:  Can creditors still go after me after having filed Chapter 7 Bankruptcy?

A:  Absolutely not!  As long as the debts have been discharged.  This means you must have completed your bankruptcy, attended the hearing, and received a letter from the  U.S. Bankruptcy court that your unsecured debts have been discharged.  If they do, they are subject to pay you punitive damages for collection harassment.  This is called violation of a debtor’s discharge order.  It really pays to know your rights.  No one can take advantage of you when you are aware of things outside your comfort zone.

Now there are always exception the any rule.  In some cases, people who file bankruptcy have stopped paying their debts for a long time and cannot even remember who they owe money to.  What they do is to rely on what is written on their credit report.  The problem with this is some creditors do not report your debts to the credit reporting agencies for this same reason.  They do not want to be included in your list of creditors for your bankruptcy filing.  So it is important to keep good records.  Filing bankruptcy does not automatically mean all debts are included even if you do not list them.  The list of debts,  creditors and amounts your owe them will be necessary in order to complete the application.  Also, Student loans, and secured debts are not included in Chapter 7.  Make sure you continue to pay those.

Ating lesson,  Sumuko ka man sa utang, pag mali, ang habol ay malamang.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 231

Q:  I went to your competitor who said they had attorneys.  Now that we have been sued, they said they don’t have attorneys.  Can you still help us?

A:  This is a deceptive sales tactics by some companies specially when they operate outside the U.S.  I always tell clients do your homework before you enter into an agreement with a company.  Look at complaints filed about that company.  If you are well informed, then you can make a wise decision.  You can also report these dishonest tactics to the Consumer Financial Protection Bureau.  They are in charge of closing these dishonest companies down.

With regards to your lawsuit, of course, we can help.  We have a network of attorneys in almost every State.  They can prepare a defense for you so and propose a settlement so that you do not end up with a judgment.  This is one thing different between mine and other companies.  Theirs is an illusion of a great program, we provide a real good program.  Once you are in their program,  then you will experience the lapse in service and  inadequate knowledge of the rule of law.  So always do your homework.  Don’t just fall for TV testimonials that are fake especially when they pay the characters that appear in them.

Ating lesson,  Demandang nakakatakot, ang ulo mo ay iikot.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 232

Q:  What’s yours is mine and what’s mine is mine!  What’s wrong with this attitude?

A:  Sometimes I am just totally amazed by some people who call me for help.  Maybe this is one of the reasons why they are having the problem they are in.  Let me get right down to it.

A lady called me one day saying that the Internal Revenue Service is harassing her.  When someone ways harassment, I immediately react as to how are they being harassed.  If someone is calling you asking to get paid, this is not harassment.  Now, unless they are threatening you with any kind of harm, then that can’t be harassment.  A lot of consumers think that a phone call to them is like twisting their arms into paying but in reality wouldn’t you do the same if someone owed you money and can’t pay?  It’s a sad truth, many would promise the world to get the loan but when it comes to paying, that becomes a different question.

To get back to the client, she had some savings and other assets that she was hiding from the IRS and  was scared that they would find out.  I told her that if she owed and cannot pay, they really cannot do much.  But on the same note you cannot have accounts nor assets that you are desperately trying to hold on to while they are trying to collect because sooner or later they will find out.

Ating lesson,  Dapat maging tapat, sing diretso nang patpat.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 233

Q:  Can I still enter your program if I am employed and have clearance with the Department of Defense?

A:  Anyone can really enter the program if they wanted to but there might be some risks if you have a level clearance with any government agency.  The government is very serious when it comes to protecting themselves from their employees who may end up in money troubles and eventually start trading government secrets for cash.

If you seriously think about it, government secrets have great value to a spy that is why espionage is sometimes punishable by death and is a chargeable offense of treason.  Intelligence is so important that every government in the planet will go through extreme measures to defend them and risk losing information.  Even to its own employees.

This being said,  that is why every employee has to go through a routine background check and investigation.  One of the terms of the background check is finances.  In reality, being in a bad financial situation may tempt an employee into turning vital information into cash.  Imagine if you have a bad gambling habit and owes loan sharks all kinds of money, you would be the perfect target to be recruited by spies to pay off your debts.

To be firm, we ask all enrollees who have government clearance to secure a letter from their supervisors that they are allowed to enter the program.  Without the letter, sorry, but we cannot help you.

Ating lesson,  Pag ang gobyerno ang niloko, asahan mo na a ng kalaboso.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 234

Q:  Should I rob Peter, Paul and Mary to pay my credit cards?

A:  When people start getting really tight with money coming in and excessive credit card usage, it begins as string of debts when they start taking money out from one card to pay another.  This can also be called the Ripple effect.  This ripple is also called by others as Robbing Peter to pay Paul.  Let me explain this further.

A client came to my office in search for a remedy for their problem.  The wife is the only one working.  Since they are a one income family, the budget becomes very tight.  Sometimes too tight that they exceed the money coming in.  When this happens, the household goes into a deficit.  This deficit if not fixed by the following month will carry over and over until there is no solution in sight.  Then, to make matters worse, they start taking out cash from one credit card to pay the other.  That is why it is called Robbing Peter to pay Paul because the money is not coming from the monthly income.  This begins a ripple that will eventually bring Peter to his knees and stop giving out money to pay the other debt.  Now, we make it even worst.  We now go to Mary to take money out and pay Peter and Paul until Mary stops giving out money where now you have to find money to pay Peter, Paul and Mary.

In short, it began with one month’s deficit and has now grown to three accounts which have become unmanageable.  This will cause the household to be on edge and the marriage get rocky.

Faced with this problem, the couple in front of me was looking for someone else to loan them money to get out of the hole they were in.  I told them that was not the answer.  To get another loan.  They were caught in this illusion that more borrowed money will make their problem disappear.  At least for the moment.  What they have not realized was it was only going to make matter even worse for them.

In cases like this, I can only advice clients to file bankruptcy, Chapter 7.  There is no more hope when the hole they dug is too deep, it is impossible to get out, especially on one income.

Ating lesson,  Pag pina anak ang utang, ikaw ay mahihibang!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 235

Q:  I just filed bankruptcy 3 years ago.  Now I am in heavy debt again.  Can I file bankruptcy again?

A:  There are very strict laws regarding bankruptcy and how often you can file.  The Federal Bankruptcy Court only allows anyone to file every eight years.  People should not think that bankruptcy is the only way out of their debts.  Sometimes they think that Federal and State taxes can be discharged in bankruptcy but in most cases they are not.  Even student loans are not discharged whether Federal or Private student loan.

Also, we should not make a habit of taking out loans knowing we have no way of paying them and continuously keep taking them out.  Some people call me about these high interest personal loans that they took out and then complain that the interest is too high.  I ask them if they saw that interest rate before they signed the document for the loan and most of them reply that they did.  The finance company does not hide the interest rate and the amount of the interest to be paid if the loan is taken out but they still choose to sign them.  They say that it’s their only way of getting the money that they needed.  In most cases this is a poor excuse but they do it anyway.

The problem they now face is that they cannot file bankruptcy to discharge the debts that they do not want to pay anymore but they can enroll in a  debt settlement program that can help them discount the debt.  Sometimes this is the only help available to them.

Ating lesson,  Huwag manghinayang sa inutang, at ito ay bayaran.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 236

Q:  Do you have a program that will make me debt free in a month?

A:  I would be an overnight sensation if I had one.  Let me ask this.  How many years did it take to create this debt problem that you have?  Maybe six, maybe ten years?   So what is so urgent that there has to be an overnight fix?  Trying to buy a car, or a house even?

Believe me, people have asked me time and time again, how they can get out of debt sooner that they have to be.  Even bankruptcy will take at least six months from start to finish.  And it will still leave you with bad credit.

Let me tell you about this client who has been through two programs and now wants to move to my program as long as I can do what he asks of me.  Which is to get him out of debt and have credit repair done in a short amount of time so that he can do whatever it is he thinks he can do once those mentioned can be completed.  I told him that I am not a magician.  He should have gone to see David Copperfield if he was looking for a magician.  The problem with this client is someone needs to open his eyes to the truth that it can’t be done.  What will happen in his search is that a scammer can take advantage of him, tell him what he wants to hear just to take his money and rip him off.

Here’s the reason it can’t be done.  Most debts have to age before it goes to a third party collector.  The original creditor will not negotiate the clients’ debts until it is discharged.  Most cases,  after it has been discharged, it will change hands and move to the third party.  Once there, this is our opportunity to settle.  But there is still something blocking our way.  The next question is do we have the funds to settle the debt?  In most cases,  people do not have the money up front to settle the debt.  This is mainly because they do not want to deal with them anymore and just want to move on, unfortunately it is easier said than done.  That is why they come to me.

Ating lesson,  Utang ay huwag ipunin, nang ang solusyon ay di rin madaliin.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 237

Q:  My child is a minor, why do I need to check his credit report?

A:  Anyone with Social Security number can have their identity stolen.  Yes, even your minor child’s information can be used by thieves to perpetrate their evil deeds.  I am sure you would not want your young teen ager to be dealing with reporting identity theft to the police department and writing letters to the reporting agencies that he was not the person who took out those loans or credit cards.  It becomes an impossible task when we are the ones who are left to defend and undo the damage done by the thieves.  It’s no different than having your home being broken into.  You feel violated over and over again as you deal with the damages left by the thieves.  So do your homework and don’t be a victim.  Reminder, beware of giving your personal information to call centers.  They are one source of people becoming victims to their identity being stolen.

A client called me and told me her son is 15 years old but received an audit from the IRS and had collectors calling for him.  I asked her if her son was working and that if he had credit cards and she said no!  I was merely asking the obvious but I needed to know that was not the case.

I told her that it was possible that his identity was stolen and used to work illegally in the U.S.  that’s why the IRS was after him and his credit used to get loans and credit cards.  I kid you not,  it happens to many on a daily basis.  It is not because they are not careful with information but someone could have gone through extreme lengths to steal one or more information from a central database center.  It becomes an impossible task to find out how it was stolen but what is even more extreme is the task of stopping and undoing the damage done.  Fact too is that he cannot get a new one even if the first one was stolen.  That is why it is a good idea to check.

Ating lesson,  Kung ito ay importante,  bigyan ng pansin para di magsise.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 238

Q:  Is it a crime to willfully fraud bank using credit cards?

A:  While identity theft is a crime in itself, can someone who owns the credit cards be guilty of fraud if they make charges or uses the credit cards knowing they have no way to pay it?  While it is hard to prove intention of having no intent to pay your overuse of your credit cards, I will share with you a story and I will leave you with the choice if this person should be prosecuted or not.

A client called me one day and he was asking for me to help him make up his mind in making a decision of whether to file bankruptcy or to go into a debt settlement program.  This young man who recently lost his job, went to vacation in India and on his last few days there decided to buy a gold chain.  When he tried to pay for it with his credit card, the card was declined.  So he pulled out another one and it was declined as well.  He pulled one after the next and they were all declined.  I never found out if he ever paid for the gold chain though.

When he came back to the States, he was surprised to see that there were numerous charges on his credit cards that amounted to Seventy thousand U.S. dollars.  He immediately called the bank and told them he did not make those charges.  After a month of investigation, the banks all decided that it was he who used the credit cards for all those charges.  Based on what evidence, I do not know.  What is unusual to me is that this person would pull credit card after credit card.  If that was me, my first instinct would be to call my bank and ask why my credit card is being declined rather than pull one card after the next.  Based on some information, some people have been found to cash out their credit cards in exchange for discounted money in order to rip off banks.

So came decision time, the caller owned a house so he would likely fall into a chapter 13 bankruptcy where he would still pay most of his debts.  He did not want to do debt settlement because he did not want to deal with paying them anymore.  So I told him, that he already made up his mind, so why ask me.

Ating lesson,  Kung ayaw mong gawin ito sayo, ay huwag mo ring gawin sa iba!

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 239

Q:  What is reverse mortgage?

A:  Reverse mortgage is when anyone sixty two or older who owns a significant equity from their home uses that equity to have a lender pay the rest of their monthly mortgage payments of their mortgage loan.  The homeowner does not have to pay any of the money back to the lender making the payments unless they leave, or sell the home.  As long as they live in the home the home is theirs and they are in no danger of foreclosure.  Also, they must continue paying the property tax and the insurances and at the same time keep up the maintenance of the house.

This program was created in order for elderly who are receiving very little income cover their health costs but the money that they end up keeping every month as the lender pays for their home has no requirement as to where it is spent.

If the owners die then the amount of the money paid out by the lender plus any interests will be taken out of the estate.

What reverse mortgage is not is a sanctuary for people who are about to lose their homes to foreclosure or simply cannot afford to pay their homes anymore.  It cannot save someone from defaulting on their homes.  This is not what it is meant for.

A client called me one day who was fair aged and was asking that if she entered into reverse mortgage, will she have to keep paying her home?  The answer is yes ideally if she qualified.  But she did, not due to her age and size of equity.

Ating lesson,  Pamamahay na di kayang bayaran, ito ay ibenta at palitan ng iyong kakayahan.

If you need help in getting out of debt, call Debt Aid Consulting.  We have free Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 240

Q:  Did you know one of the ways Filipinos save money is called “Paluwagan” or also known  as a “Pool”?

A:  Some Filipinos are accustomed to using this method for saving money.  The process is to hand over a certain amount of money every day or week or month to an assigned person who will be called the bank.  Usually, the group who sets up the “Paluwagan” votes on who that person would be but mostly it is also one of the members of the group who pitches money in.  Every month one party of the group collects on the total of each member’s pitch in the pool and end up with a hefty sum.  The problem with this rather than putting your money in a bank is that there are no assurances against fraud, crisis in  the person handling the money’s life or just a plain turn of luck.  In other words, the banker of the Pool can state that the money was swindled from her and what can the group do?

One day a caller called me to ask for help because she was the banker of a Pool.  She met a person who told her that he can double the money in her possession before it was time to turn it over to the group.  He played her greed thinking she would be able to capitalize on other people’s money and keep the profits for herself.  But the inevitable happened.  The person she gave the money to, disappeared without a trace and now she is faced with having to come up with the group’s money.  Money that she does not have or had originally had but gave it away to a fraud.

I told her to tell everyone the truth and hope that they will be forgiving but in most of these cases,  everyone walks away with dismay because obviously, if this person will lose her turn in collecting, she will not pitch into the “Pool”.

Ating lesson,  Perang di iyo, huwag mo ipa loko!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 241

Q:  My kids are arriving from the Philippines for a vacation so should I buy a van?

A:  Why not rent a van?  Imagine the costs associated with buying a vehicle.  You will need to come up with a down payment, monthly insurance and of course a term of six to seven years of monthly payments.  Let’s just say your kids will be here for a month.  The cost of renting a van for a month truly outweighs the cost of buying a van for a long term.

And if you decide to use the van for daily commute, wouldn’t it be such a big hassle to drive a big vehicle?  Just think of parking, gas and cost off the wear and tear.  It becomes an very, very expensive vacation.  Not to mention the money you will be spending in order to show them around town and out of town.

Sometimes it is good that clients call me to ask for simple advice like this one.  It brings them an open mind on how to make a decision.  I simply tell them the obvious which in many ways they don’t want to acknowledge because they are trapped in the “Want”  trend of thought.  Remember to always put “Need” ahead of “Want”.  It will save you from a lot of headaches in the future.

Don’t make people think money grows on trees overseas.  This kind of mistakes are the ones that lead to make people think, it is easy to make money here.  A new this and a new that but they are all on credit.  And most of the time, it is credit that we are going to pay big time for a while.

Ating lesson,  Taong matipid, sa sakit ng ulo ay di napapatid.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 242

Q:  If I give my old vehicle away, am I still financially liable for it?

A:  The answer to this question has many answers depending on what give away means for this client.  Give away as in donated  the vehicle means, they have had to make her sign a legal document releasing her of all liability to the vehicle and that the vehicle is now owned by the foundation she gave it to.

The other is if she gave it to her child where she is still paying for all the insurances and financial obligations related to the vehicle.

The worst scenario is this.  Give it away to a friend or a relative.  By no means is this a problem because you are doing something out of the goodness of yourheart but you must not forget to do the following; make sure to file a release of liability document with the Department of Motor Vehicles,  make sure whoever you gave it to moves the vehicle over to their name.  The best is to take them to the Department of Motor Vehicles and tell the clerk that you are giving the vehicle to the person with you, make sure they have a driver’s license and to follow through to have them purchase insurance for the vehicle.  This will save you a lot of headaches in the future.

Let me share with you the story of a client who called me with a somewhat same scenario as this.  She gave her old car to her friend at work.  But after she did, she never followed through.  The next thing she finds out is that the vehicle has had a lot of camera tickets and she was getting the tickets.  Next, the car was involved in an accident where she was financially liable for the damages to the other party because her co-worker did not purchase insurance.  Because she had no money either she was sued by the insurance of the damaged party and so she called me.

So, if she had followed through with what her responsibility was, then she would have been out of the picture needless to say,  she became the one person to answer for the co-worker’s actions.

Ating lesson,  Kahit kayo ay mapagbigay, mabuti pa ring magingat para ang isip ay mapalagay.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 243

Q:  Can I just change my bank account if I get a judgment?

A:  Have you heard of the saying “You can run but you can’t hide”?  Some of our clients are just so plain hardheaded that they would rather do the running around changing banks from time to time to escape or elude a judgment from getting to their money.  The problem is that the plaintiff can still find your job based on your social security number.  Isn’t it embarrassing to be caught in  this cat and mouse game knowing that one day they will get to you when you least expect it?

Let me share this story about a client who came to my office asking for my help at first but in reality paying back his debts was the last thing on his mind.  He told me he can keep changing bank every six months to evade a judgment that has been after him for a year.  I told him that is not wise.  Sooner or later they will get to his job.  He told me he was an under the table employee.  Now, how long he can keep this mind blowing scenario going,  I have no idea but at some point, the plaintiff will be able to figure out what they he is doing and be on the lookout for his next move.  So I told him.

One day, he had a family emergency in the Philippines and he had to fly back.  When he tried to buy an airline ticket, he realized the inevitable.  They had gotten to his bank account and all his money had been frozen by the plaintiff.  Then he was scrambling for money because he had bad credit, no one would loan him any money.  So the result was he had to borrow money from so many of his friends so he can get out of town.  I didn’t want to tell him “I told you so” but I did tell him so.  Just some added information, a judgment is renewable every ten years.

Ating lesson,  Utang mo ba ito?  Ayan ang bayad mo!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 244

Q:  Is it true that repaying your debts is like going on a diet plan?

A:  I couldn’t agree more!  When one becomes buried in debt that person would need to go into a trimming mode on their expenses in order to be able to accomplish repaying the debt.  Much like a person who wants to lose weight, they have to be disciplined enough to control their eating in order to meet their goal.

A client called me one day and said she was buried in debt.  She did not feel that a program was for her since she did not want her credit score to be affected due to some short term goals.  I told her that the only way she could keep the score and even make it go up was to repay the debts.  It would take much discipline in spending in order to achieve the goal.  It would take a lifestyle change.  Much like a diet plan, it does not happen overnight.  It will take some time but it is a doable chore.  If you set goals like in 6 months you want the debts to go down by five thousand, it is like setting a goal of losing ten pounds in a month.  Others who know that they do not have the discipline to do this are the ones who are not able to get out of debt.  Remember, it is just like trying to lose weight.  No pain, no gain. That’s the analogy.

Ating lesson,  Pag walang hirap, wala ring sarap.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 245

Q:  How do I protect myself from this latest Equifax security breach?

A:  If you are worried about the latest information hack from one of the biggest credit reporting agencies in the US, everyone should be.  Hackers were able to get Names, birthdays, Social Security Numbers, driver’s license information, addresses, and your credit information.  With these information one can steal your identity and create one that is a mirror image of you except it’s not really you.  They can take money acting as you by simply using your information.  Everyone who has a social security number is vulnerable.  Imagine having to worry about your children’s information in the future when they become of age just because these information may be available to these thieves.  With all these information thefts happening, I still do not understand why some people would give their information people in call centers.

Here are some tips on how to prevent yourself from becoming a victim.

  • Put a freeze on your credit until there is a need
  • Always check your credit from free websites like Credit Karma
  • Do not give any more information to the company that was hacked
  • Check your bank account often
  • Check if someone other than you has been using your credit cards
  • Avoid getting new credit unless necessary
  • Join a lawsuit against Equifax to be reimbursed for your damages

These are just a few ways of defending yourself against the thieves but there is no bullet proof defense against information theft.  Just know that you are doing what you can to not become a victim.

Ating lesson,  Alam niyo na nga na ang infomation ay ninanakaw, maging maingat para di mapahiyaw!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 246

Q:  Can you explain how network marketing works?

A:  Network marketing is a business model in which a distributor network is needed.  In most cases these type of businesses are multi level marketing in nature in that payouts occur at more than one level.  This is very popular for people looking for part time work or a part time flexible business.

The business requires a low level of capital and uses family members and friends as a source of distribution.  Most of these organizations recruits more distributors for more gain.

Imagine a pyramid on top of many pyramids where the person on the very top pyramid has a again on every person from every pyramid under his.   This person can make billions because he has a stake in every person under him as they sell more product.

Like any other businesses, this type of business has its own downsides.  It is unfortunate that in order to make more money, a member has to keep recruiting more members under his pyramid.  This will maximize his gains.  Unfortunate, people start avoiding them because they become quite persistent in their quest to recruit making them a nuisance to every person who really does not want to do anything with the business.  Why?  Because they would ultimately have to do the same in order to make money.  They have to recruit more members under their pyramid in order to maximize gains.

Ating lesson,  Ang nararamdaman ng iba ay laging ilagay sa isipan, para di ka nila iwasan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 247

Q:  Do marketing promos like free roundtrip tickets to the Philippines really help with our debt?

A:  The sad thing is that this roundtrip tickets will be paid back by the customers that will try to take advantage and win those round trip tickets.  How does it really help?  If you are already deep in debt and you won the tickets, where would you get the pocket money to spend while on your trip?  Are you going to take cash out from your credit cards again?  So how does that help?

These are marketing gimmicks that feed on customers greed.  The greed of getting a round trip ticket to the Philippines will do you know good.  In fact these tickets that they are giving you are during non prime season and are very cheap.  It is better to purchase your own tickets and go on vacation when you are ready to go.  Not because you are being told to go.  One more way this can help is to just get the cash value of the free airline tickets in cash.

So, the magic word is marketing.  It is a promo to get your business and it will be up to you to make the right decision.

Ating lesson,  Libre nga!  Lulubog ka naman sa utang, huwag na lang!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 248

Q:  To owe or not to owe?

A:   In a country where everything runs on credit or financing, it becomes a necessity to finance certain items that you may need in order to get to and from work in order to make a living, yes, you may owe.  One must know their limitations when buying things on  credit or you may suffer and regret running into debt that you cannot repay.  It is unfortunate that some people must fall into this hole before finding out how deep  a hole they have created for themselves.  If we lose control of our owing,  then some end up filing bankruptcy or end up in a program in order to repay their debts.

I speak to people all day long about how they ended up owing more than they can repay and most of them blame it on other circumstances.  Others blame it on relatives  from back home who keep asking for money.  I simply ask them who is the one sending the money?  Is it not you?  Then that means you are the boss!  So if you say enough, you must follow through.  You cannot give in to every emergency because back home everything is an emergency.  Another question I ask is if you did not have the credit, where would you get the money to send?  Nowhere!  That simply means you don’t have the money to send if you have to borrow it.

Ating lesson,  Ang utang ay isipin para ang pambayad ay di kulangin.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 249

Q:  Do Filipinos lose the self-discipline they adapted to here in the States, the moment they step foot back in the Philippines?

A:  I can’t say about most but I can say some of our kababayans just go back to the old undisciplined ways they were before they left the country.  Trust me!  When they are here, they follow the strict rules regarding traffic, standing in line and being polite.  For some, all that goes out the window the moment they step foot away from the U.S. or any other foreign country.

Let me give you an example.  Quite recently, my wife and I had to attend a wedding in the Philippines.  I took Philippine Airlines as I did not want any stopovers.  As we were boarding the plane, immediately there was chaos as people started squeezing in to form the lines.  I have no idea what the rush was to get in the plane since everyone had a boarding pass and reserved seats inside.  Not to mention, was this was going to be a 14 hour flight.  Again, I could not see the reason for the eagerness to get inside a tube that was going to have you sit for that length of time.  If that were me, I would wait until the before the plane closes its doors before I go in the plane.

So we walk in through the aisles and almost immediately my wife and I were halted by a woman who was standing in the isles refusing to move and her handcarry luggage occupying half the passageway.  My wife had to squeeze around her and her luggage.  When it came to me, I asked the lady, why she was standing in the middle of the isle and she was blocking everyone from coming through easily, to which she replied that I am not even going to answer that.  This here folks is severe discipline lost by a kapwa Filipino.

We get to our row, and my wife had to tell another woman to move out of our seats.  She said she was seating next to her friend to whom my wife said, we don’t care if you want to seat next to your friend, you need to get out of our seat.  So she left while mumbling something.  Now, the friend that was left behind had an attitude and did not want to move her leg out of the way of my wife.  So I said that she won’t behave, I will have the crew take her out of the plane for trying to start trouble.  Another example of discipline lost once they get together with kapwa Filipinos.

Please remember I am not saying that most Filipinos do this but there are a few bad apples that make the rest of the Filipinos who have done a good job look bad too.  So don’t be afraid to say something when you see our kababayan lose their proper ways.  After all we don’t want to be generalized as a race that does not have discipline because of a few bad ones.

Ating lesson, Kung ang disiplina ay natutunan, huwag namang ito ay kalimutan pag ang kaharap mo ay iyong kababayan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 250

Q:  Should I stop all communications and payments to the program once I receive a summons?

A:  On the contrary, you really should keep the communication lines open rather than close them.  And at the least expect to raise some funds in order settle the outstanding debt that had turned legal rather than turn your back on your program.  After all, they are your debts that we are assisting you in trying to minimize.

Here’s the sad truth.  When clients sometimes get sued, they seem to take that personal and start thinking that I had abandoned them.  For some reason some of them think that I had everything to do with why they are getting sued by their creditor.  Hello!  We are merely assisting in trying to make the clients’ journey with us as uneventful as possible.  We cannot and will never be able to control the actions of the companies our clients owe money to.

Because some clients see another companies commercial on TV where a client declares a testimonial that their program was the best ever, but what they really did was pay a talent fee to someone who is willing to lie and risk doing jail time for it.  For me, if clients believe that to be true and fall for it, then I will not stop them.  After all, I do not make the choices for them.  I mererly give them options where they can pick the right option that works for them.

Ating lesson, Kung ang problema sa demanda, ang solusyon ay ikaw ay makibaka.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 251

Q:  How do you eat an elephant?

A:  I often ask clients who are severely affected and overwhelmed by their debt problems this question, How do you eat an elephant?  In most cases they really don’t know how to reply.  Some think it is a trick question but it is merely a hyperbole of what to do with their problem.  Just the thought of where to begin becomes very overwhelming right away. The way to answer this question is not to think of the question in itself but to think of what it means.  The answer is one bite at a time.

To some clients instead of attacking the problem one step at a time is impossible that is why they really do not know where to begin.  Sometime we need to back away from the picture in order to see the picture in whole.  When we are too close we cannot see the sides which are not in the line of vision.  So back up look at the picture so we can analyze correctly and sort out a solution one step at a time which also translates to one bite at a time to eat the elephant.

In most big problems the solutions does not come in one big package.  Solving problems take a lot of steps and sometimes it can take multiple trials and errors in order to find the solution.  The right attitude is to not give up on it like some do and end up getting sued.  Debt problems are just like any other problems.  Ask for help if it is too big for you and to get the right answer sooner than later.  There are experts in this field which can make finding the answer easier.

Ating lesson, Problema man ay malake, may solusyon pag marunong dumiskarte.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 252

Q:  Can I be sued from a foreclosed home?

A:  Anyone can be sued for anything nowadays.  Whether the suit will stick is another story.  Some lawsuits may be considered as nuisance lawsuits in cases a way to extract money from a plaintiff or just to give them a hard time.  Some people have nothing better to do.

The answer to the question is yes, you can be sued by the banks for walking away from your home.  Whether you owe for the first mortgage or have second loans, if you decide to walk away from the home, any of them can go after you for the balance on the loan once the home is sold.  During this time when the value of homes are high, it would be foolish to walk away from a home if you cannot pay for it.  Just sell it and it should go fast.  Inventory is low and people are willing to pay premiums for a home.  It is when home values are down when you should worry about walking away or having your home foreclosed.  The banks who have paid for your home want their money back and will try to get it if it means suing your for it.  Also, think of the money you put down on the house.  You lose that as well.  And you might end up having to pay the deficiency when they sell your home.

Ating lesson, Bahay na pinaghirapan, huwag basta iwanan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

Itama po natin! By: Ben Lou

Segment 253

Q:  Yes, I understood what I just explained but the most important part is did you understand what I just explained to you?

A:  For a lot of clients memory loss and misunderstanding is mostly a cause of disparity and frustration with the program.  We’re already speaking in Tagalog and still clients sometimes don’t understand the things we explain  to them. Let me give you an example.

A Canada client called me mad as hell that the Filipina negotiator told her to come up with seven thousand dollars or he cannot stay in his program.  The sad thing is this story does not make any sense.  And when it does not make sense, its most likely wrong or a misunderstanding.  So I open up the client’s file and read the notes.  Upon further investigation, it was revealed to me that the client has his home completely paid off.  Just to inform readers that a client who enters into debt settlement and have real assets have a high probability of being sued.  Creditor’s attorneys do their due diligence and when they realize this immediately go for the throat.  By suing, they are almost guaranteed payment because of the asset.

When I explained to the client that I would ask of him exactly what the negotiator did because of his assets and that the settlement will likely be much higher if we wait until the account turns legal so it is better to address it now with a collector than with an attorney.  It is for the same reason we are requesting this client to get some money out of his home so we can settle his accounts sooner and with much less funds.

After having explained this, I made sure that the client completely understood the core of my explanation and he did.  He promised to talk to his bank and see about getting a loan.

Ating lesson, Mahirap ba intindihin, siya, aking Tatagalugin!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

 

 

 

 

 

 

Itama po natin! By: Ben Lou

Segment 254

Q:  How was your Black Friday or should I say your Thanksgiving day celebration?

A:  I ask this with a little sarcasm because to some people it is not the Thanksgiving Holiday but instead a Holiday of Black Friday.  Let us not forget the meaning of Thanksgiving.  When the early settlers set this day as a day to give thanks for the grace and benefits that this land had given them.  There were no stores that had Black Friday blowout sales with extensive discounts.  What economy has done is make the celebration of Thanksgiving day shorter and shorter as time goes by and instead store opening hours earlier and earlier, eating into everyone’s Thanksgiving day celebration.

While this is good for the economy, the meaning of the day is being lost more and more as years go by.  I guess that is the cost of economic growth.  Everything is measured in terms of money.  Christmas being the target of this celebration starts a month early by means of department stores trying to get a head start versus their competitors.  People go crazy loosing the spirit of the holidays fighting over the last items on sale.  In fact some have lost their lives due to stampedes when the stores open up their doors.  What has become of us?

Ating lesson, Huwag maging alipin sa salaping kikitahin!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 255

Q: How do I avoid going over budget and getting in debt these holidays?

A:  If you are one who doesn’t want to be buried in debt for the holidays here are some tips for you so you won’t be.

  • Set a budget. First, make sure to calculate your expenses correctly so that you do not overspend and end up short for bills.  Also, take into account upcoming expenses which you have planned.  Once completed, you can calculate how much to spend on gifts.  Plan as early as possible.  If you plan in December, I’m afraid you’ve waited too long and are too late.
  • Make a list.With everything going on during the holidays such as Christmas parties, family get together, etc, you can easily get carried away so make a list of gifts and to whom they are for. Also, make sure to cross them off so you don’t end up buying twice for the same person.  This is important if you are on a tight belt.
  • Be creative.There are ways of giving nice gifts without breaking the bank. Use your common sense when buying presents.  If you can make some gifts on your own, do it!  Everyone appreciates a good effort.
  • Make a decision on how to spend.Charging presents may not be the best way to go but if you have it under control. Bringing the money to buy the things you are going to buy helps because you will not end up buying things you do not need to.  Keep your receipts in case you need to return or exchange something.
  • Keep track of your holiday spending.As important as your list, keep track of your spending as anyone can get carried away quite easily during the Holiday season. If you don’t there could be an unpleasant surprise waiting after.

Be safe and don’t drink and drive.  As an added tip, ending up with legal expense is not in anyone’s plans so be responsible.

Ating lesson, Magplano ngayong Pasko, para di mapagastos ng husto!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 256

Q: What should I do if my expenses exceed my income?

A:  In business, a small business owner must always know to cover certain monthly expenses such as rent, utilities, insurance, employee wages and licenses.  You will have  those expenses whether your sales is zero or not enough.  These are called fixed expenses wherein your business cannot function without them.  So in short whether you made money or not, you have to spend these every month.

The same concept applies to each of us.  We in a way are running a business in us every month.  We have to make sure we know to allow so much to pay for shelter, food, utilities and miscellaneous costs.  Over time, most of us add more and more miscellaneous items to the monthly expenses without really sitting down and looking at how much money comes in and this is very bad for business.  We may want to ask ourselves if our lifestyle has changed so much that we have lost control of our finances.  But in most cases we are the cause of the how and why this happens.  Failure to measure certain items in a budget can lead to a financial disaster as in expenses exceeding our income.

Take for example putting a bicycle together.  There are the must do first before doing the actual assembly or you could end spending more time than you should in doing the chore.  Just imagine if every part was not measured to the exact measurement, then the bicycle cannot be assembled thus leaving you with a worthless piece of junk.

It is the same when doing a budget.  Knowing what tools you need to start and then actually sitting down to do the work is a must and you must make things tie together for it to make sense so that you do not end up overspending and have expenses exceed your income.  Try this for the new year.  It can save you a lot of headaches.

Ating lesson, Matutong magtipid upang ang pera ay di masaid!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 257

Q:  To give or not to give?  What to expect this Christmas.

A:  Ask not what you should receive but what it is that you can give.  A little bit of Christmas spirit for all.  Feel the chill outside?  Everyone is going haywire trying to get everything done for Christmas.  This is the one day that everyone should open their hearts to giving to the needy.  Don’t worry about what others will give you, but instead think of not spending your hard earned money by giving to the poor.  A dollar goes a long way for these people.  At the same time help yourself by not spending money you don’t have.  It will make you feel much better that you have helped others and that you have not buried yourself in debt this season.

Also when you go to church during Christmas, bring the spirit with you.  At times I noticed that when people are trying to get out of the parking lot, they start getting on each other’s nerves.  Try to be more understanding.  Spend time with the kids and family.  They will appreciate it.

I have had people call me about their problems this Christmas season.  I must say that even during the holidays, people’s problems do not take a break.  It is an ongoing ordeal and help them I must.  It is unfortunate that  some people will suffer the ordeal of being heavily in debt and trying to get out of that hole.  But there is hope as I always tell them.

Ating lesson, Ang Pasko ay para sa lahat, mayaman man o mahirap!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 258

Q:  Are you a “Diones”?

A:  “Diones” is Tagalog for “Jones”.  This name carries a lot of weight as far as where you are in society.  Thus the saying “Keeping up with the Joneses”.  In this case “Diones” will be our Tagalog word for “Jones”.   So are you trying hard to “Keep up with the Diones”?

Keep this in mind for the New Year.  If you are someone who cannot afford a Louis Vuitton brand purse and buys one using a credit card so you can make payments on it, perhaps you should consider buying something else and paying cash.  If you are someone who should not be driving a Mercedes Benz and are driving one but do not have any savings in the bank, perhaps you should be driving a Kia.  If you are someone who has to drive a top of the line Mercedes Benz because of the area you live in but are buried in debt, perhaps you should consider driving a Kia and moving to a different area.

At the end of the day, the New Year is a time for us to look at what we have accomplished so far in life.  Have we really accomplished anything?  If all the things you possess are there while you still are  making payments on them, then you do not own anything.  You only own something that cannot be taken away even if you do not make any payments.  That you can claim is your own.

Next question, how much did you put away to make your life easier when you retire and cannot work anymore?  If you say you did not put anything away, then how much did you really move from January 1st of the prior year to this New Year’s January 1st.  Did you put all the money you made to good use?  Did you pay off debts?  Did you create an emergency fund?  Did you start or add to your 401K?  If you missed out on all these items, then I am afraid that what you did in the last 365 days is survive, if anything.

So, is this what your plans are again for the forth coming year?  Let’s hope not and plan better.  Call me if you want good financial advice.  No charge for good advice, I promise!

Ating lesson, Sa bagong taon, pano ka babangon?

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

 

 

 

 

 

 

Itama po natin! By: Ben Lou

Segment 259

Q:  Should I drink this cup of poison in order to help someone else this year?

A:  This is a symbolic question on how much trouble your principles could take you especially when it involves helping others.   To drink the cup of poison here means to take the hit for someone else’s doing.

This happens to most of our kababayans who are good hearted but end up getting burned by the person they extended their hand to give help.  Most of these victims are for a car, a student loan or some furniture.  Others actually let their friends use their credit card in hopes of getting paid.  But there is a reason these so called friends have bad credit.  They do not pay what they owe.  So you will actually take the hit when they do not pay you as well and lead to losing the friendship anyway.

Student loans are big in a sense that the borrower actually has to go through the school program.  This means a lot of work is involved.  So if they are a dead beat and does not finish school, chances are you will not be paid as well.

On another note, if you take out high interest personal loans to help someone, beware of what you are getting yourself into as these loans are designed to cripple the borrower.  The interests ranges so high that a $3K loan can paid in 5 years can yield a total paid of $10K.  It’s no joke.  You will regret ever taking out the loan.

Be very careful loaning money to friends, family or persons whom you know do not pay their debts.  You will be no different as these people are used to losing friends by not paying.  It is a habit that usually cannot be kicked.

Ating lesson, Laging maging marunong kahit na sa pagtulong.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 260

Q:  Should I care if a client doesn’t even care what a lawsuit from a debt can do to them?

A:  In talking to clients, I can pretty much feel out if a client is really concerned about any lawsuit they’ve received.  There are clients who because of their concern starts crying over the phone.  There are also those who are very angry they received a lawsuit.  The worse kind are the ones who ask for help but want to see what the program can do to defer the summons but does not really want the program.  They will use trickery or excuses but I can see right through them.

Let me tell you about a client who has been calling her for the last 2 years wanting to enter a program but keeps changing their mind.  Last week they called because the husband received a summons 2 weeks before and wants us to help them.  She was told they only have 30 days from the receipt of the summons to file an answer since they are in Bay Area, California.  Also they were told that they will have to file the answer that the attorney will prepare for them in Superior Court.  And they set an appointment this week to come to the office on Tuesday at 10AM.  I told my assistant to call the client in that morning to confirm that they will be coming but she does not answer nor does she return calls from her voicemail.  Ten O’clock comes and no one shows.  At exactly 10:07AM, the wife calls and says they cannot make it as the husband is not feeling well.  Why can’t this couple call earlier rather than have me clear my appointments just to see them?  Maybe they thought the answer to the summons was going to be emailed to them so they can turn around and burn us.  Or maybe the husband was really too sick to come to the office.  Either way, due to the how the events turned out, I can only conclude that they wanted the help but really does not.  Does that make sense?  For me, these are the people who wasted our time providing service to the people who really deserve it.  That is valuable time we could have spent on helping clients who really wanted our help and not waste our time.

I checked the credit reports of this couple and would you believe they have accounts with Ben Bridge, the Rolex store.  Now I can really conclude that these people truly deserve what they are getting and should just be left alone to deal with their problem.  Unbelievable!

Ating lesson, Kung ikaw ay ugaling kuago, palitan ito at magpakatao.

you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 261

Q:  Should I count the chicks before the eggs hatch?

A:  Should you count money you haven’t earned yet?  This is the equivalent of counting the chicks before the eggs hatch.  Just like life, there are things we cannot predict such  as sickness, accidents and or changes in financial standing.  This is the reason why we need to have emergency funds.  In case of unexpected financial emergencies, we have something to fall back on.  To others,  this is an ongoing habit.  They count that money will be coming in at a given time and they spend or borrow money based on the expectation.  What happens if the expected money does not come?  This starts a web of problems that they have created for themselves.

Let me share to you a story about a client that I spoke to.  There were clients enrolled in my program.  My FDCPA attorney pointed out a possible collection harassment violation by one of the creditors.  When I spoke to them about this, I informed them that the attorney will weigh the evidence and file a suit against the creditor.  If that happens, then they will receive some kind of compensation for the harassment.

A month passes by and the client calls me asking where the money is.  It just so happened it was the holidays when they called me.  So I asked them, did you not understand me that the attorney has to weigh the evidence if we are to file suit?  Are you counting this money when we haven’t even filed suit?  They could not answer my question.  I knew what was in their minds.  They thought they could use that money for Christmas.  I told them I hope they have not spent the money thinking they were expecting to receive some funds.

Ating lesson, Perang inaasam asam ay huwag bilangin, dahil ito ay wala pa sa kamay natin.

you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 262

Q:  Is debt like drug addiction?

A:  One of the definitions  of insanity is doing the same thing over and over and expecting different results.  To some of us this is the vicious cycle we are trapped in.  Being buried in severe debt and the quest to pay them off just to find that we are using the credit cards again or are applying for more credit is the insane part about the whole thing.  It is like a drug addict who the moment they get up in the morning is looking for the first fix of the day.  Remember that debts just like drugs is a day to day ordeal.

Almost all of us must have a friend or relative who has been or is suffering from drug addiction.  I hope that they have been able to kick the habit.  We all know that no one begins with the idea of becoming a drug abuser but somewhere down the road it happened.  The pain that it causes everyone around them is very significant.

Just like the way people treat their finances, there seems to be a similar pattern.  No one ever thinks that they will be addicted to debt when they start but they end up doing so.  No one wants debt to control their lives but it does happen.  Although this happens to some,  people with extreme emergency situations and get buried in debt do not fall into this pattern.  They are more like victims of circumstances.  But to those who become addicted to debt,  they follow the same pattern as a drug addict.

The pattern shows that in the beginning the debt is a quick solution to an overwhelming immediate problem.  Then it becomes a continues use to buy goods and services.  This becomes a routine and then start paying everything with credit.  Pretty soon you will not be able to afford payments on the credit and you will go from one solution to the next until you finally give up and admit that the debts have made your life unmanageable. Time to give it up!

Ating lesson, Ang pag utang ay hindi dapat gawing bisyo, yan ang totoo!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 263

Q:  Should I wait until my debts end up with a third party collector before I enter a debt help program?

A:  Let us define a third party collector.  When an  account charges off from the  original creditor, they usually do not want to use up their internal collection resources so they send delinquent accounts to third party collections.  These are companies with names such example XYZ Collection Company.  These companies are usually paid a percentage of the amount of debt if they are able to collect.  This is just one of the examples of a third party collector.

The other type of third party collector is a collection law firm.  While this usually works much like a collection company, they can go to extreme lengths of collection which is to file a lawsuit against the owing party.  Once you have been served with a summons you then become a defendant.  This is when it gets really bad for you.

Here is  perfect example of a client whom I spoke to this week.  This client called in mid 2017 and made an attempt to enroll in the program.  After completing the application and wasting everyone’s time, he just disappeared and never returned calls and emails.  So we let it go and count him as an inquiry.  This past Monday, he called and said he wanted to complete his enrollment because he received a summons for a nine thousand dollar account that was supposed to be enrolled the first time.  I told my assistant that I wanted to talk to the client first.  When we spoke he told me that he wanted to wait until his debts end up with a third party collector before he enrolls in the program.  Well, I told him the attorney is also a third party collector so now you got your wish but I cannot put you in the same program you wanted to enter the year prior.  We now need to address the summons and you are looking at coming up with big money up front for me to take you in.  I asked him if he had any money to hire an attorney or fight the lawsuit?  He answered with a big NO.  I told him that if he had only did what he was supposed to the year before, then he wouldn’t have to go through this problem but such is life.  No matter what we do, we cannot go back to last year.  We need to solve this year’s problem and the only solution is to file bankruptcy.

Ating lesson, Ang solusyon kahapon ay maaring di na pwede ngayon!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 264

Q:  Can my bad habits affect my debt settlement program?

A:  Everything affects everything.  Thus, the Law of Cause and Effect.  One action causes one effect and another and so on.  So would it be safe to say that one negative action and cause a negative effect?  So if we let a bad habit take over our debt settlement program, this will also produce negative effect or effects.

Just to give an example of how this can happen.  Let’s just say a client was enrolled in a 36 month program, and sometime after one year of diligently behaving,  the client decides to go back to bad habit of taking out new loans from storefronts.  What will be the cause of this?  Negative results of course.  Now he has to pay new loans plus pay into the program at the same time.  The big negative result is if the client goes over his monthly budget and can’t cover all of the bills for the month.  The negative effect of this is that the client will have to choose which payment to skip at a given month.  So now, the client has missed one payment for one account in one month.  This is now going to start a snowball effect,  because once a payment is missed, the client will be riddled with calls.  The client will want this to stop by giving up a big payment in order to get caught up with the one missed the prior month.  But the true negative effect is the client is now robbing Peter to pay Paul.  Does everyone see where this is going?  Like I said earlier, one negative act will result in a series of negative results, thus proving the Law of Cause and Effect to be real.

Ating lesson, Kung nasa programa ka na kaibigan, Huwag nang gumawa ng problema na naman!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 265

Q: Is intent to pay enough for the banks not to sue?

A:  Intent to pay is always a good thing as this shows us to be worthy of applying for a loan.  The next portion is the important part of the loan which is the repayment.  Do we have the ability to repay the loan?  This is a double sided question.  Requesting the loan and repayment of the loan.  These two will always co exist as one cannot stand without the other.  If the loan were not to be repaid, then it becomes a gift.  And of course there could never be any repayments if there were no loans to begin with.

Let us stick to the topic in question because there was a client who called asking for my help.  This is a client who was sponsored to come to the U.S. as an elderly.  Basically he was brought here so he can make use of the semi free medical system provided for senior citizens.  In short, he is too old to work and does not make any money.  So what does he need to take out a loan for?  There are other children living in the Philippines and they need money.

Next, the man calls me and says he borrowed money from a cash storefront and they are asking him to pay up.  He says he has no way of paying because he has no job and is not receiving any financial benefits from the government.  So why would anyone think that taking out a loan you have no way of paying is the answer to your money problems?  You have just magnified the problem 100 folds.  Some of our Kababayans are getting stuck with loans that they can’t repay in order to help their relatives back in the Philippines.  WHY?  Because relatives in the Philippines think money comes out of our ears here in the U.S.  And for people to take out loans they cannot repay just to show they can send money is wrong.  It is ok to say I do not have any money!

I told this gentleman to ask the relative who brought him here to help him repay the loan because who knows what he wrote down on the application that can even cause him to be charged with fraud.  I told him he has to be careful because he is not in the Philippines.  Laws here are very strict and it does not matter if you are young or old.  And if you do not repay the loan they will sue you!

Ating lesson, Umutang ka na walang pambayad, papano ka uunlad?

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 266

Q:  Should I trust kapwa Filipinos even if one just scammed me?

A:  It never fails that when someone gets scammed, it almost everytime falls to race.  I must tell everyone, there is not a single race that is a race of scammers.  There will always be scammers in every race, religion, gender or any other category one can think of.  It is not the nature of where someone comes from that they become scammers.  It is one’s way of making money by taking it away from someone who has it or even someone who does not have it.  The point of the scam is to make you give up the money without contest or resistance.  That is what a scam is.  So how does someone get scammed?

Most victims of scams are the ones that are vulnerable.  The perpetrator always looks for the weaknesses of its prey before going for the sting.  In a way that is where most of the work is done.  By getting the trust of the prey, they can easily fall victim to the scam as they believe so much that the scam is true.  Some even fight for it!  In a way, it seems to others like the victim has been hypnotized by the perpetrator.

Let me tell you the story of a client who called me very recently to share what happened to her in hopes that I can help in her situation.  One evening a woman calls me and tells me she is a woman of good faith with God as she is a Christian.  She is retired and only lives on Social Security benefits.  She, a few months back went back to the Philippines to spend some time with her relatives in which she was introduced to other new people.  Since she has never seen most of these people in a very long time, she became trusting as they were supposed to be related.  So she returns back to the U.S. after her vacation.

Shortly after her return, someone in the Philippines calls her up and shares her story of being a Christian and talks to her about a new Non Profit Foundation in the Philippines and is dire need of funds.  She can invest and the Foundation will pay her back if she chooses to only be an investor in the startup Foundation.  As a Christian, the man lures her into all these talk about children being in need of help and that she can play a big role in their resurrection.  To make a long story short, she started wiring all the money she had in her bank to the man’s account in the Philippines.  Next the man asked for more and she used her credit cards to take money out.  Forty thousand dollars later, the man does not pick up the phone anymore and just vanished into thin air.  That when she realized that she had been taken for a ride or scammed for short.

Being that much in the hole, there was no way she can repay the amount of money she took out,  that’s why she called me.  After my diagnosis, she can only file bankruptcy as there is no way from the amount of her benefits that the debt can ever be repaid.

It is unfortunate that the perpetrators of these types of crime prey on the unsuspecting elderly who’s only wish is to help but we need to always be on the lookout for the world is a very cruel place if we do not wish to become a victim.

Ating lesson, Mabait ka Oo, pero magingat pa rin sa manloloko!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

 

 

Itama po natin! By: Ben Lou

Segment 267

Q:  Til debt do us part?

A:  Some debts have become so severe some may carry it with them to the grave.  How?  If one dies and has many debts the creditors can go after the person’s estate unless there is no estate to go after.  Some elderly clients call me and ask regarding having big debts as they use their credit cards to the point that they realize they cannot pay them off anymore to the grave.  It is never easy to be in this position as these clients worry about what they will leave behind with their loved ones.  Unfortunate but do we do this to ourselves?  The lure of using credit cards in order to help our relatives as Filipinos will always take over.  Relatives especially in the Philippines will always reach out to us thinking their relatives in the U.S. have an endless supply of money.

So what happens when you die buried with debts?  When your debts stops getting payments, they will start calling and sending collection letters.  Your relatives will need to send a copy of your death certificate to all your creditors in order to stop collections.  Their next step of due diligence is to find out if you have a surviving spouse so they can go after your spouse for your unpaid debts.  Remember, a debt is also conjugal property.

If no spouse can be sought, then they will search for any real properties under your name.  They can file a motion in court to go after any remaining property in order to get paid.  If there are none, then they will be left with no other option to write off the debts and move on.

Ating lesson, Ohh utang na di na nabayaran, dala hanggang sa libingan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 268

Q:  Whose debt is it anyway?

A:  Whether it be credit cards, personal and  student loans or any other type of unsecured debt, there will always be some who feel that they don’t owe the money anymore after they have already received the benefit from the it.  People will give every reason in the book in order to skip paying.  Take for example the Selfie testimonial ad from a competitor.  The woman in the commercial claims that her payments every month is mostly going to interest.  That is such a shallow and self gratifying excuse especially to announce it on TV.  Here are some questions to ask when someone says that.  Did you not read the contract and the interest rates in the contract before you took the loan out?  Did someone put a gun to your head to take the money?  Don’t you believe that the bank as a business is not entitled to interest since they are loaning you money and this is a source of the business’s income?  Why do you cry now about your payments going to interest when that’s what you agreed to?  Are you not a person of your word that’s why you are making excuses to not pay?  So, why did you use the money if you knew the interest will be too much?  Please, let’s think of valid hardship reasons when we are making excuses not to pay our debts.  Reasons like, lost employment, health problems or living paycheck to paycheck.  But don’t make interest  rate a reason.

Let me give you an example.  There was client who came from another program with a judgment.  She moved to my program because we were the only ones she can turn to.  In the beginning she spoke to an attorney to file bankruptcy but found out they were going to fall into Chapter 13 and still pay the debts.  She told me she was going to receive rough two thousand dollars refund from the other company.  I also told her to hold on to that money so we can settle the judgment asap and not let it turn to a garnishment.  Two weeks pass by and my assistant calls her to ask if she received the refund and she stated she already spent it.  My assistant then transferred her to me and she started raising her voice telling me to do my job.  That’s what she was paying me for!  I just bit my tongue and told her we will do everything we can to settle the judgment without any funds.

I really felt bad for this client as I am used to people talking down to me but she does not realize what she is up against because after all, it is her and her husband who took the benefits from the debts.  So, why should I worry?  Whose debt is it anyway?

Ating lesson, Kanino ba itong utang?  Bakit ako ang pinahihirapan?

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 269

Q:  Why did I still get sued when I am already enrolled with you?

A:  I always need to explain to clients that my program is not a sanctuary for clients who stopped paying their debts.  We are merely a liaison in getting your debts to be settled lowered than the amount you owe.  I cannot reiterate enough times that they can get sued but they are covered by a legal plan that represents them so they will not have to deal with the lawsuit themselves.  The idea is to extend the time to save money so we can settle the debt.  There is no magic involved.  I also do not make promises I cannot keep nor do I over promise the client.

There was a client who called me and said that he called the other Filipino company and she told the agent that a sheriff has been showing up at her house but she did not open the door.  The agent told her that if she enrolls in their program the sheriff will not come back to serve her with a summons.  I told the client that what this agent said is a lie.  He cannot control the creditors’ actions nor can he stop the sheriff from coming back.  The sheriff was paid to do his job of serving that summons and he will serve that whether it be at your home or at work.  My question is would she prefer to be served at home where she will be the one to receive it or prefer to be served at her place of employment where everyone will know that she does not pay her debts?  She replied that she prefers at home.  She understood that my advise really made more sense.  This is what gives the debt settlement industry a bad name.  Sales people who lie and over promise the client.  I asked the client to ask this agent what powers he has that would stop the service of the summons and is he able to put that in writing via an email.  Of course the client enrolled with me and the agent still kept calling her.  She told me this so I told her to tell the agent for him to call Ben Lou.  I want to speak to him.  He never called me and stopped calling the client.

To some people who are in trouble with their debts, there will be agents who tell you what you want to hear even if the program cannot cover their claims.  They know by the time the clients find out that he lied, he will be gone at a different job lying to other people.

Remember this, I cannot stop the actions of a creditor but what we can do is try to control their actions by being proactive so that the client’s accounts do not turn legal.

Ating lesson, Kami po ay laging nagsasabi ng totoo, dahil ayaw namin na masisi ninyo.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 270

Q:  Is your program going to be a walk in the park?

A:  No its not.  I always tell clients who asks for guarantee that their program would be painless that it’s not going to be a walk in the park.  I tell them that we are going to walk through a forest with a lot of snakes.  And go through the eye of needle.  I have to set their minds that the program is not an easy program.  I will not and never lie to my clients.  If they are looking for a pain free debt relief plan, then they need to file Chapter 7 Bankruptcy.  That is if they have no assets.  Otherwise, they need to pay some.  For someone to think that I will take all the hit is a mirage.  That’s not what I get paid for.  I am here to hold their hand so that fear does not take over and make them back out.

Here’s a story for this week.  A client who enrolled a month ago called me first thing in the morning and the first words from her was that she wanted to cancel her program with me.  I was curious what was the reason for this abrupt decision.  It was the phone calls.  I had to tell her that she must wait until the Power of Attorney that we sent have circulated with the collection agencies that were going after her.  It does not happen overnight.  I can already feel the fear in her voice.  I ascertained her that we will manage the calls as necessary but she needs to enter the calls in her call log so that we can track any violations.  That is one of the ways we control the phone calls although we cannot completely stop them.  I already told clients that my program is not a sanctuary for people who cannot pay their debts.  I am here to hold your hand while in my program so that fear does not set in.  I will try to make it as painless as much as I can but I cannot promise that there will be no pain.  I will try to make it as easy as I can but I cannot promise that it will not be difficult.  That’s my role!  With my 30 years of financial knowledge, I know what banks and collectors are looking for.  I am not just a wanna be  financial advisor that has no experience.  I have over 30 years of experience and I am all you got!  So who are you going to trust?  Someone who will lie to you?  Please don’t aggravate your situation by enrolling with the wrong company.  It’s not a walk in the park.  Anyone who says so is lying.

Ating lesson, Alamin ang totoo para tayo ay matuto.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 271

Q:  Would my bad credit be erased if I legally change my name?

A:  Do we really have to go to extreme lengths to delete the wreckage of our past?  Here’s a perfect example.  Having bad credit takes a lot of time to create but we mostly want it to be erased just like that.  Most of the time overnight.  It would be so convenient.  But, bad credit takes time to create just as much time to create good credit.  It takes time, patience and discipline.

Here’s the question, if you did change your name and ended up with good credit, how long would it take someone to destroy it just because there is a lack of discipline?  Probably pretty quickly.  In a sense this becomes the one definition of insanity, which is, trying out different ways to get rid of a problem but ending up with the same result everytime.  It is the way we see a solution to a problem that defines us, not being a cause of the problem.

To explain further, it is a very tedious task to legally change our name.  Not to mention it is also very expensive.  Creditwise, it would really not matter because your social security number would still stay the same.  All your identifying numbers would remain the same.  So in a sense, you would just be putting on a mask but underneath the mask it is still you.  And you still have the same bad habits with paying your debts.  The best solution would be to change the way we think about our finances.  Keep away from spending money we don’t have and stay on a budget.  Those would be the first steps on creating good credit.

Ating lesson, Ang ating record na pinaghirapan ay parang yaman na protektahan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 272

Q:  What should we do if we have a cash crunch expense?

A:You’re not alone. Most of us have faced a cash crunch at one time or another. So let’s discuss some ways that you can solve your cash crisis.

An obvious answer is to sell some stuff. With Craigslist and eBay, it’s easier than ever to get some real cash for items of value.

Look around your home with an eye to finding saleable items. Pay special attention in the corners of closets and in the garage and attic. After all, that’s where you tend to stick things that you don’t use anymore.

If your cash problem is just temporary, you might consider a pawnshop. The modern shop has changed dramatically in the last few years. Yes, they still loan money on “hocked” items, but you’ll find that most are very well run businesses. They know what your item is worth and what they can lend on it. They’ll also clearly tell you what the loan will cost you in interest and charges.

Keep in mind that your item secures the loan. Don’t pawn items that you can’t afford to lose if you’re unsure about repaying your loan.

Jewelry and electronics are often your best items. But it can’t hurt to ask about anything that you’re not using regularly.

You may also want to consider borrowing from your 401k plan. A loan would provide a quick inflow of cash, but it does come with a cost. You’ll still be paying interest on the money you borrow, probably at a rate lower than you’re being charged now. And, the whole balance could come due if you leave your employer or are laid off.

 

Another opportunity would be to create your own source of self-employed income. If you’re good with home repairs, perhaps you could earn some extra cash by helping less adept neighbors with their to-do list. Think of any skill that you have (baking, sewing, lawn care, carpentry, etc.) and consider how you could use it to make money. If it’s something you like, you’ll even enjoy the work.

 

Finally, as a last resort, consider borrowing from friends or relatives. Make sure you make the effort to write out a loan agreement. Include how much was borrowed, what the interest rate will be, how often payments are to be made, and what happens if the payments aren’t on time.

Ating lesson, Minsan kahit pinagplanuhan, ang gastos ay di maiwasan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 273

Q:  How can you tell if you are being scammed?

A:  Have you been contacted by someone claiming to be from a government agency who says you’ve won a cash prize? Has someone claiming to be a federal government employee called and threatened you with jail time or a lawsuit if you don’t pay a debt? If so, there’s a good chance it’s a scam. Criminals and con artists use scams to target unsuspecting people who have access to money. Scams can target you on the phone, through the mail, on the internet, and especially over email. They can also take place in person, at home, or at a business.

Scammers may pretend to be government officials to get you to send money with the promise of an even larger prize. Don’t fall for it. Federal government agencies and federal employees will not ask you to send money to collect prizes.

Other scammers may falsely claim you owe a debt to the federal government and may threaten you with jail time if you don’t pay them. This could be a scam, but it could also be a call from a debt collector using practices that violate the Fair Debt Collection Practices Act. Make sure you investigate any alleged debt to find out if it’s legitimate.

Here are several types of scams you may encounter, as well as ways to protect yourself and others from fraud and scams

Someone claiming to be a federal government employee may call to tell you that you’ve won a prize through a lottery or sweepstakes. They may even say that they’re calling from the nonexistent “Consumer Protection Bureau.” This is not us. We are the Consumer Financial Protection Bureau, or CFPB. Some scammers may claim to be with the Federal Trade Commission’s (FTC) Bureau of Consumer Protection. Others may claim to work for the CFPB or FTC, but neither of these agencies calls consumers to alert them of winning a lottery or sweepstakes.

If this happens to you:

  • Don’t give out your passwords, account or credit card numbers, or Social Security numbers.
  • Never make an up-front payment for a promised prize. If you’re told that you have to pay fees or taxes to receive a prize, it’s a scam.
  • Don’t fall for someone telling you that you need to pay immediately. For example, they may ask you to wire the money, send it by courier, or put the money on a prepaid card and send it to them. Once you send the money, it’s likely gone for good.
  • Don’t cash a check from someone that asks you to return a portion of the check to them. When the check bounces, you’ll have lost the money that you sent.
  • Ask yourself why someone is trying so hard to give you a “great deal.” If it sounds too good to be true, it probably is.

 

In addition to phone calls, scammers may also send you letters in the mail claiming that they are with a law firm or federal government agency like the Federal Trade Commission or the IRS. They may threaten to arrest you or file a lawsuit against you if you don’t pay the debt they claim you owe. Don’t buy into the scam!

Ating lesson, Magingat sa manloloko dahil ito ay iba iba ang anyo.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 274

Q:  Are you spoiling your family because you make good money?

A:  Oh no! It’s the end of the month and you are running short of money again. You blame it on your overspending spouse and kids, fuming that if only he would stop wasting money your budget would be fine. Maybe you are also part of the problem.  But what have you done to fix the problem?

Overspending is a serious problem because it can put you in major debt. So the sooner you figure out why your family is spending so much, the quicker you can both get back on track.

First, look in the mirror. Are you constantly demanding expensive gifts or vacations? Your spouse may feel you have to provide them to “earn” their love or approval. This may be an unconscious reaction.  You can help by making your expectations more reasonable.

Another reason for overspending could be trying to keep up with the Jones’. Maybe you make them feel inferior if they are not driving a brand-new car like your friends or getting your lawn professionally maintained just because the neighbors all do. Instead, try to support him in making decisions that fit your budget, not anyone else’s. You don’t know their circumstances; they could be in debt up to their eyeballs because they are trying to keep up with you!

 

In order to control overspending, you and your spouse have to get on the same page. Overspending can be the result of not planning for unexpected expenses, like car repairs and home maintenance. This can lead to huge bills with no way to pay them besides more credit card debt.

Sit down together and pinpoint the problem areas that cause one or both of you to overspend. Agree that you won’t undermine each other and that you will quit demanding a more expensive lifestyle. Budget everything, so you can see where you can cut back. Perhaps you can quit eating out six times a week or cut back on unnecessary spending.

 

Include some money for fun. When you try to limit your spending too much, it is sure to backfire. By allowing a little bit each month, it makes it more special and is guilt free because you know it fits into the budget.

Another key component in controlling an overspending spouse is giving them a set allowance. This seems counterintuitive, but it allows them to spend something, just not too much. You should decide together on the amount, so no one feels cheated or left out.

 

By getting to the root of the overspending problem, you and your spouse can work together to fix it. Even if you discover that you are the cause, overcome that by being open and honest with your spouse and making a plan for a brighter financial future.

Ating lesson, Huwag mong bilhin ang pagmamahal ko!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 275

Q:  Do you know how many people are having a hard time making ends meet?

A:   Do daily finances give you daily heartburn? You aren’t alone. Did you know that 43% of the American population are having trouble making ends meet. A third of survey respondents reached the level of financial or material hardship during the past year, such as running out of food or being unable to make critical payments like rent or medical bills.

It is no joke to be short on funds on a monthly basis trying to make ends meet with what you have.  Not to mention the rising prices of rent, food, health care, etc.  At the end of the day, you will have to budget what you take home to fit your family’s needs and what do you do if it is not enough?

How do you turn your financial situation around? To a certain extent, the issue is willpower – but if you have no experience with financial planning or even basic budgeting, willpower will only get you so far. Financial understanding through education is critical to improvement.

Are you unable to set up a budget and stick to it? Fortunately, there are companies that can help you with your money matters without charging you a dime.  There are also professional resources are also available through our community, but those resources are put to the best use if you start with a basic understanding.

 

Continuous education and discovery, along with real-world application of your lessons learned, is the key to making ends meet. In essence, more financial knowledge means better finances. No matter how good you think you are with a budget, there is always something more to be learned and applied to your daily life.

 

Ating lesson, Kung ang buhay ay weather, weather lang, pano kung ang pera mo ay kulang kulang?

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 276

Q:  How can I do a good job keeping up with my credit card payments?

A:   Do you feel that school did not prepare you enough with how the financial worId may swallow you whole when in the real world?  Being a college graduate with both federal and private loan debt, top that off with some credit card debts and you are on your way to a downhill spiral.  Sometimes there are lessons that only life can teach us.  No amount of school can teach experience.

If you’re having a hard time keeping on top of credit card payments and dates, this usually ends up with one missing or one or two not being paid because usually you cannot afford it.  Is a debt relief program a good option?

First off, just because you are struggling with these issues does not make you bad in any way. Not everyone is really good with these kinds of things. Those that are not good at these tasks tend to be more creative while people who are good at that stuff tend to be more analytical.

Here are some things you can easily do. For example, you could set your minimum payments up on automatic payment and set a calendar reminder for yourself when they are supposed to hit. But you’ll have to be careful because you don’t want to overdraft your account when you think there is more free money in it and a debit just has not hit yet.

Here are the pros and cons of a debt relief program.

Pros

  • It would potentially pay off all your debt and give you just one payment to make each month for your unsecured debt.
  • You could consolidate your federal student loan debt into one Direct Consolidation Loan.
  • You could consolidate your private student loan debt into one private student loan consolidation.
  • The rest of your debt could go into a regular debt consolidation loan.

Con

  • You still have to remember to make the payments.
  • There are risks involved.
  • Be careful to NOT consolidate your federal student loans into a private student loan consolidation.

 

Ating lesson, Ang ibang leksyon kailangang pagdaanan para ito ay mtutunan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 277

Q:  How do I protect myself from the dangers of public wifi?

A:  People, free Wi-Fi is a convenience that most of us appreciate, but you shouldn’t be blinded by their too-good-to-be-true appeal. Using public Wi-Fi networks might just be one of the riskiest, tech-related mistakes you make on a regular basis.

People think that it is the responsibility of the free wifi provider to keep you safe from harm but it is a use at your own risk so beware.  You private information becomes the target of thieves lurking to see if you are not paying attention.  Always have good security software with your devices and sometimes that is not even enough.

Recurring risks

If your identity is stolen, it becomes an tedious task to undo.  You can be victimized over and over again.  Just when you think you are safe, that is when it hits you again.

Frequency of theft

Many people may think that public Wi-Fi network risks are rare, most likely because they haven’t noticed any negative consequences from connecting to public Wi-Fi. To High traffic areas are prime targets for hackers and very likely to include fake hotspots that can compromise our devices. And there is nothing to stop hackers from naming these deceptive hotspots by the same or similar names to trusted ones such as ‘Free Wi-Fi Starbucks’. So when customers scan the list of possible Wi-Fi connections, they might simply just choose the first one they recognize in a long list. That means they have now just connected to the hacker’s hotspot revealing commonly used login credentials, their email and perhaps all the data on their phone.”

Ating lesson, Ang magnanakaw ay kunwaring mabait para ang pera ninyo ay madaling masungkit.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 278

Q:  What happens now that I took out two title loans on my car and can’t afford to pay them?

A:  Well, you can say goodbye to your car if you can’t pay them.   It’s bad enough that the loans have very high interest so I do not understand why people need to pawn their cars for this type of loan.  The need for cash must have been very important.  Like I always tell my clients, they need to weigh the needs as this will have an effect later.  And that’s when it really hits you is later.

Taking out two title loans on your car basically states you have no wish to keep the car or you have full ability to pay on those debts.  Most of the time, the debtor only thinks of the principal amount when they borrow the money.  They seem to overlook the amount of interest that will be tagged on the loan.   This is the part that kills them.  When they have made endless payments on the loan and it doesn’t seem to diminish.  then another crisis arrives and the loan hasn’t been paid off yet.  This is when they actually feel the crunch because there is nothing else to pawn or they will take out loans that they know they have no way of paying.  This now becomes the “Bahala na!”  system that Filipinos normally say.  Come what may.  Or we’ll cross the bridge when we get there.  This is a reckless approach to problems and is usually the cause of things escalating to a worst possible situation.

Ating lesson, Perang inutang, kaya mo bang bayaran?

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 279

Q:  Can your program make me judgment proof?

A:   I have to be really, really clear when talking about accounts in legal status.  First, anyone may be sued.  If you lose the case filed against you, the judge will grant a judgment against you.  I hope this is clear enough.  Get sued and loose, you now have a judgment.  So what are the effects of judgment against a person for money claimed?

Here are the ways a plaintiff who won a case get their money from you:

  • Garnishment Order. The plaintiff’s attorney can ask the court to grant them an order of garnishment on your wages if you do not cooperate to pay the debt back.  Many of times the debt can still be settled prior to this happening.
  • Bank Levy. They may also ask the court to grant them an order of levy on your bank.  One day when you wake up, your bank account has been swept clean.
  • Lien on Real Properties. If they search for any title of a home under your name and finds one, they can ask the judge to give them an lien order on your property. This means your title will have their name on it due to a judgment and you cannot sell or refinance the property without paying them the judgment amount plus interest.

A client called me late last year and was begging and crying that she enrolled in another program and ended up getting sued.  I told her anyone can get sued.  Then she proceeded to tell me that she wants to move over to my program.  Before she cancelled from the other program, I told her you need to promise me that you will move the refund money from the other company over to your trust account under my company so we can settle the summoned account.

Once she was able to enroll, she immediately faxed us a court ordered judgment.  I told her you told me you were sued.  This is already a judgment.  This means you already lost the case.  I need her to move the money as quickly as possible so we can settle the case before it gets worst.

So we wait a couple of weeks went by and she was playing hide and seek.  When we got a hold of her, she said she already spent the money.  I was shocked that she would do that to herself.  I told her, then we cannot control the outcome of the judgment.  She is answerable to whatever the results of her actions may be.  And left it at that.  Shortly after, she received a garnishment order at work and was going crazy blaming me.  I told her, since she does not follow through with her word, I was forced to drop her from her program and return all her money.

Ating lesson, Huwag tayong manloko, dahil di natin alam kung kelan tayo babalikan nito.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

Itama po natin! By: Ben Lou

Segment 280

Q:  Am I going to be able to set your debt relief program to what I want it to be?

A:  Wow!  This is like ordering a hamburger the way you want it!  The answer is “No”.  There is such program for any kind of debt relief.  Even if you file bankruptcy, there is a process that is outlined for you and the attorney representing you.  In other words, you are not the boss of the debt relief program.  The program works the way it does and the results for each client differs.  Some in small and some in big ways.  The truth about it is that anyone who tells you different is lying and you should stay away.

Simple disclosures and truths about the program.

  1. It will have a negative impact on my credit.
  2. The amount being saved for settlements is an average.
  3. Your credit cards will no longer be usable.
  4. You can get sued.
  5. They may call you.
  6. It takes a few months to settle debts.
  7. Your creditors may send you a 1099-C for any forgiven amount over $600.00.

Having said these, it is very important that every person what may happen while they are in the program.  It does not necessarily mean they will happen but it might.  So keep the faith up and life will be a bit less stressful.

Ating lesson, Taong humihingi ng tulong, huwag bigyan ng kondisyon ang tumutulong.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 281

Q:  Why do debts with collateral have smaller interest rates?

A:  Imagine when you stop paying your car and then one day you wake up and the car is nowhere to be found.  Who’re you going to call?  The cops or the financing company?  If you call the police, the first question they will ask is if you have been paying your car.  And what are you to say?  So it might be a good idea to call the financing company first if they took possession of the vehicle before calling the police.

So having a collateral to take back gives the financing company leverage on the loan.  It reduces the risk that the bank takes in case the borrower defaults on the loan, thus resulting in lower interest.  This is the same reason that credit cards and unsecured personal loans have higher in interest rates.  If the borrower defaults on the loan, there is nothing to take back.  The only recourse of the bank in recouping the loss is to take legal action on the borrower.  Unless the borrower has a good job or has real property to go after, then taking legal action becomes a mute point since the debt becomes irrecoverable and will end up being written off.  If the loan is sold to a debt buyer, they end up taking a loss on the purchase.  This becomes one of the reasons that drive interest rates up for good paying borrowers.  The bank has to get the money back in some way or form so in short others end up paying for someone else’s shortcomings.

Ating lesson, Pag ang utang ay may collateral, ang di pagbayad ang katapat ay kamay na bakal.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 282

Q:  Am I a difficult client?

A:  Are you?  Do you want the program to work the way you want it to work even if you are out of line?  Are you stubborn to listen to reason just like the way you incurred these debts?  Do you always insist that you are right and never wrong?  Do you raise your voice at your customer care representatives or even to me?  Do you like to talk over people?  Do you feel you are more entitled than the other clients?  Do you feel that you are paying everyone more money than they deserve for their services?  Do you think others cannot make mistakes?  Do you feel that the program should work wonders for you alone?  Do you feel that you should not pay your creditors what you took from them even just  a bit?  Do you feel that the law does not apply to you?  If you agree to any of the questions above, then you may be a difficult client.

I must admit, I do put clients in their right place sometimes especially when I feel that they are out of line.  The program works differently for every client.  They may owe the same creditors, the same amounts and they may be in the same financial hardship but how do their programs’ outcome differ from each other?  I am afraid I do not know the answers to these questions but what I do know is that if you stick with the program with your full cooperation, the program will work for you.  I do not possess a crystal ball which will predict every outcome for every client.  One thing for sure is that every client is at the end of their rope to get out of debt as a big burden in their lives.  So please be a good and patient client.  After all, I did not create these debts, you did!   I am merely here to give serious help for the serious client.

Ating lesson, Mahirap kang kausap, pag naiipit naman ay matutong makiusap.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 283

Q:  I keep trying to stay within budget my income but I keep failing, what is it that I am doing wrong?

A:  Knowing how to budget is one story.  Sticking to it is another.   People always ask me, especially the repeat offenders (clients who have graduated from the program and are now in debt again) why they can’t seem to stay focused on the budget that they have created for themselves.  Here are some of the reasons why people fail with their budgets.

  • The budget is too complicated. Don’t  kick yourself in the behind because you just got out of debt and eagerly do not want to fall back in the same spot by creating something that would be too complicated to follow.  Keep it as simple as possible that a fifth grader can understand.
  • It is too strict. Give yourself a treat every now and then.  Even people on a strict diet will need to have a cheat day.  Consider giving yourself one.  Putting yourself in such a stringent and strict diet will make you want to break it and not want to come back.  Take it easy on yourself.  Sometimes it takes a few times to really get it right.
  • What works for others may not necessarily work for you. Don’t copy someone else’s budget.  Every person have different needs, wants and different degrees of satisfaction.  Keep it within a safe range so that you will know when to let loose and tighten the belt.
  • Who can know you more than you? Whatever you create, you are the sole being who will benefit from it.  By putting on paper what it is that you want to follow, it should be what you feel you want to really give up and what you want to keep doing.
  • Try substituting! If you like good food, you don’t necessarily have to stop eating them.  You just need to stop getting them from restaurants.  Perhaps you can take up cooking.  Learning new things in order for you to substitute to what your usual habits are that are ruining your budget is a good trait plus you learn something new.  Like going to the gym instead of going to the bar after work.

Whatever it is that makes you tick, is the think that will make your money tack.  You are on the right track.  Just keep making little changes and one day the formula will work.

Ating lesson, Mahirap mang gawin, pag pinag aralan ay maaring abutin.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 284

Q:  I keep trying applying for credit cards but I keep getting denied.  What is wrong with me?

A:  It’s not you!  It’s what you do in your spending habits that causes you to be denied credit.  There are people who make good money and yet do not have any credit history.  Like they say cash is king and maybe that’s a good thing but when you live in the U.S. or Canada, credit plays a very important role in your life.  Just when buying a car.  Did you know that a person with bad credit is still better than a person with no credit history at all?  Even if you make good money and show you can pay for the vehicle, you will not drive out of the dealership with a car without having a co-signer.  Not that a person with bad credit will not need one but they have something to go by.  They may raise the interest if you have bad credit but your chances of driving out of the lot with a car is far greater than one with no credit.  Here are some common issues and what can be done to fix it.

  • Lack of credit history. When someone looks at your credit application, do you look like a ghost?  This doesn’t mean scary.  It means you do not show any signs of credit existence.  You have zero credit history which doesn’t tell them anything about you at all.  They do not know whether or not you pay your bills.  You can start with small amounts of secured loans or credit cards just to show how you pay debts.  If you pay them off every month at least that will show.  People with no credit history have a hard time finding apartments or even getting a short term loan.
  • Denied credit application. If you have been denied credit, it would be best to find out why you were denied.  The creditors are obligated by law to give you the reasons why your loan has been denied.  This will give you a hint of what to fix in order to attain the loan next time.
  • Fraud or identity theft. If your sacred numbers and information has been stolen and used to commit fraud, you need to act fast in order to repair the damages done to you.  Someone can bury you in debt without even knowing and that’s the hard part.  You can enroll in credit monitoring after you have fixed it so someone can keep an eye for you.

 

Ating lesson, Lahat nang pinagtiyagaan ay laging may pag gagamitan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 285

Q:  What are things to keep in mind before hiring a contractor?

A:  Have you ever been scammed by a crooked contractor?  As many homeowners wish to have their homes upgraded, there are just as many crooked contractors waiting to take you for a ride and stiff you.  Just like in the recent California wildfires, some unlicensed contractors have taken advantage of victims of the fire.  Beware!  Here are some tips to ask before hiring a contractor.

  1. Do you have a contracting license?

Contractors are required to be licensed. The type of license needed depends on the type of projects that such a contractor handles and the state in which he or she operates. The first question you should ask is if he or she is licensed.  In California, the person hiring an unlicensed contractor could find themselves liable for any injuries suffered by workers on the job.

  1. Are you insured?

According to the Federal Trade Commission, there are three types of insurance policies that a contractor should have. They include Contractors Professional Liability Insurance, Property Damage Insurance, and Workman’s Compensation Insurance. If your contractor doesn’t have any of these, you could end up being liable for any injuries or damage that occur during the completion of your project.

  1. How long have you been in business?

Asking a contractor how long he has been in the business is simply a way of asking how much experience he has. The more experienced contractors are familiar with the problems that can surface during a project.

 

  1. How many projects are you currently working on?

If the contractor has too many projects going on at the same time, your project may end up being held up because he has no workers available for you.  Make sure they limit the work they take in.

  1. Will I need a permit?

It is essential that you ask your contractor if you require a permit in order to execute a particular project. Different projects require different types of permit. Going ahead without a permit for a project that requires one comes with serious consequences.

 

  1. What is the payment schedule?

It is very important for you to agree on a payment schedule that would benefit you and minimize loss. Payment schedules vary from contractor to contractor. If a contractor cannot agree to a payment schedule that would allow you to pay in installments based on a contractor’s ability to meet project milestones, then you should be interviewing the next contractor.

  1. Do you offer a warranty?

In order to safeguard yourself against bad workmanship, it is important to ask a prospective contractor if he offers a warranty. A contractor who provides a warranty would be liable for repairs and damages that occur as a result of poor workmanship.

 

Ating lesson, Sa lahat ng bagay ay may manloloko, kaya ikaw ay dapat maging matalino.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 286

Q:  What does debt to income ration mean?

A:  This basically means what percentage of your income goes to debt on a given or every month.  This is a calculation highly used in the mortgage industry.  In order to qualify for a home you debt minimum payments should be at 43% or less of what you make.  This shows the mortgage company that you will have enough money to be able to pay for your mortgage payments every month.  This also allows you to get lower interest since the higher your income ration goes the bank takes unnecessary risks on your loan.

On a month to month basis, debt should be left at the lower side if possible.  High debt ratios put you at risk not just with your home but with every loan you have.  Why?  Here’s a good example:

A client called me because he lost his job and has debts at 70% debt to income ratio.  What does this mean to him?  Well, this means he has to make some choices of what to keep and what to let go of the items he is making monthly payments on.  70% is high since he still has to pay rent, utilities, buy food, pay for auto insurance and other household expenses.  Before he got to this point, his thought process was if there is still some leftover money from his monthly income, he can use that to buy like a large screen TV  on installments.  So he maxed out his income with monthly payments.  When disaster struck, he cannot figure out which ones to let go or stop paying on.  To this, my answer would be to let go of everything except for basic necessities like car payment, auto insurance, food and utilities.  Get yourself in a debt relief program and after your done, start a new debt free life.  We all make mistakes, but what we learn from it to not do it again is the most important part.

Ating lesson, Sobra sa hinihulugan, kelan ka matatauhan?

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

Itama po natin! By: Ben Lou

Segment 287

Q:  What is the difference between debt settlement and debt validation?

A:  Debt Settlement, as you already is the process of lowering your debts with the plaintiff agreeing.  So what is validation.   It comes from a word which is invalid.

Did you acutally know that many of your accounts in your credit report is already invalid. But the bank do nt stop you from paying them.   If the bank went through so much illegal stuff in order to keep your account with them.  In others they just flat ouit lie. but this is seriuos stuff.  Becausee if the bank has these vialations then they violated you.  Therefore you need to get paid and your account closed and forgiven.

There are many ways to trick clientsa;

1)  They used preflled forms for your appliaction

2)  The cheat on their interest

3)  You couldn’t find them when you need them.

many more

So if a debt is invalid, they  can just come off your report.

Ating lesson, Ating alamin ng pinapasukan, at baka wala tayong labasan

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 288

Q:  Was I scammed by a fake check?

A:  To my Kababayans, even I, as watchful as I am still become target for check scammers who are Filipinos.  I had a client from Alberta, Canada call the company and was asking for help with his debts.  He told me he can only pay by check and mailed one.  Days went by he claimed he was in a bad spot financially and cancelled out of the program and wanted a refund.  Knowing this person paid with a check, I told him we had to wait for two weeks to see if the check comes back good.  Now, a true scammer will not let you get him cornered in his own lies so he makes good on the check and waits it out.

He called me saying that the check already cleared his account and as I checked with the bank they say the same.  I mailed him a refund, he deposits it in his account and it should be end of story.  This was only the beginning.

Three weeks later, a bunch of checks tries to clear my business account with all kinds of different amounts with the same check number I sent this client.  Me, being the way I am, I do not leave money in the account I use as a general account.  I leave that with a few hundred dollars which means I have to keep my account reconciled at all times in order to cover all checks.  The bank hits me with multiple NSF charges due to the fake checks trying to clear with no funds.

I called the bank after having realized this and told them that check number has already cleared weeks ago and that these were copies of that check and were obviously fake.  The bank reversed the charges and that was the end of this story.

This is what may have happened.  Someone made copies of the check I mailed and used it multiple times to take cash out.  They must have had a lot of time since they went through all the trouble of cleaning the check so they can write different amounts on it.  The catch here is that they may not get caught right away, but they will eventually make a mistake a land themselves in jail.

Ating lesson, Magtiwala pero mag ingat, dahil ang iba ay salungat.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 289

Q:  Did your father teach you some things about money?

A:  Mine did, and it always comes to play everyday in my life.  Our daily lives revolve around money.  How much to spend on something the moment we get out of bed.  Everything we do the whole day affects our pockets in a small or a big way.

Here are some things my father old me as we do chores together as I grew up.

Don’t just buy something.  Wait before you buy.  Sometimes you end up buying something you don’t really need or something you already have because of rush decision.  Wait a bit and see if you already have one or ask if you really need it.

Don’t charge it!  Pay cash as much as possible.  As a young person living on credit cards is not a typical choice.  Use cash and live on a budget.  This helps in becoming wiser with money.

Don’t borrow money regardless of the salesperson offering credit.  Remember, once you pay interest, you are giving your hard earned money to the bank without a fight.  So pay cash since cash is king!

If you own things that need maintenance, take the time to do it.  It saves a lot of headache in the long run and your stuff lasts longer.

Try being handy with things so that you don’t have to pay someone else for something you can do yourself.

Ating lesson, Matutong magtipid, dahil ito ay perang isisilid.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

 

 

Itama po natin! By: Ben Lou

Segment 290

Q:  Should senior citizens really worry about a judgment?

A:  The question is “Are seniors judgment proof?”.  A senior couple recently contacted me. They were served with legal papers for around $5000 for an old credit card they owed. They had never been sued before. They had heard that a judgment would become a “lien” on their home and worried about what that meant. Their income was $2500 per month from social security and a VA pension. The husband was disabled and everything was necessary for their basic living expenses, including a mortgage, food, and medicine. There was nothing left to pay the $25,000 in different credit cards, let alone the lawsuit for $5000.

I explained that social security, pensions, disability income and VA benefits are completely protected by federal law, it couldn’t be taken from them, even if someone obtains a judgment. They were not alone in never having realized that their retirement income was protected.

“But what about a lien on our home?”, they asked. The home was worth about $80,000 more than the amount they owed. That $80,000 was their “equity” in their home. I explained that each state has “homestead exemption” laws that protect a certain amount of equity in a home. The homestead exemption where they lived was $50,000 for a married couple.

In most states, a judgment automatically becomes what is called a “judgment lien” on real property, which includes a home on land a person owns or is buying. I explained why a judgment lien is almost never a cause for concern. A judgment lien is not like a mortgage loan where a payment is required each month. For many seniors who have little or no equity in their home, a judgment lien is essentially meaningless. It’s a lien on nothing.

Ating lesson, Kahit tayo ay tumanda na, ang utang ay laging nanghaharana.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

 

Itama po natin! By: Ben Lou

Segment 291

Q:  Should I trust kapwa Filipinos?

A:  Trust is a matter of virtue.  It has nothing to do with race.  There will always be good and evil no matter what race you deal with.  Having trust issues is personal and totally separate from trusting a certain race.  It may come from a past experience of dealing with someone that lead you to believe that they are a race of bad nature.  The important part is for someone who has money dealings with another person, no matter what the race is, is to be very careful so you do not get burned.

Here’s an experience I had recently with a kapwa Filipino who called me because he received a summons for an account he enrolled with a different debt relief company.  While I told him that company has a good reputation with the main stream market, he was quite angry that he still ended up with a lawsuit even after being enrolled with them.  Anyone can be sued whether you are in or not in a debt relief program if you stop paying your debts.  The program cannot stop lawsuits.

Much to his dismay, I told him, I cannot do anything for him because he is with a different company.  I knew the company does not provide attorneys for lawsuits such as his but he kept asking for my help.  He emailed me a copy of the summons and it was for a very low debt that I told him they should be able to settle that very quickly but he insisted on being represented by an attorney.  Again, I had to tell him I cannot do anything for him as he is not my client.  He also said that if he only knew that it would turn out that way that he should have gone with me in the first place.

I had a feeling that he did not consider my company because I come from the Filipino race and he wanted to deal with a mainstream service provider.  To me, that’s a matter of choice.  I don’t take offense to anyone’s preference.  I am here to help if you ask me to.  So this person completely confused keeps calling me over and over as to what to do so I just told him to call the company he enrolled with because his time is running out and he needs to resolve it fast.  He then said that I was good person and that he did not trust me in the beginning because I was Filipino.  I told him, that it is true that there are some Filipinos who are out there to burn other Filipinos but I am not one of them.  As I told him, here I am talking to you and giving you advice but have not asked you for a single cent.  He said that is very commendable and was very grateful.

Ating lesson, Wala sa anyo ang taong mapagkakatiwalaan. Kailangan lang mag ingat para di maisahan.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

 

Itama po natin! By: Ben Lou

Segment 292

Q:  Can you settle when I say settle?

A:  Unbelievable!  I think we know how to do our jobs if we represent the clients best interest.  Unfortunately, there are some clients who think and feel we are inadequately representing them in their settlements just to find out we were right to begin with.

A client called the other day demanding that we settle one of his debts which was assigned to an attorney.  It was a demand telling us that we need to follow his instructions or else and we were left with no other choice but to grant him his wishes.  In light of the events we were able to get a hold of the person he spoke to at the attorneys office and they won’t take less than 80% of what the client owes.  We tried to haggle but they said that was a firm offer and the client should be happy.  We presented this offer to the client and he refused to accept the settlement.  I sort of knew this was going to happen.  Out of fear from the collector, the client demanded we do what was necessary to satisfy his eagerness to be done with this account.  Unfortunately it backfired and it did not turn out well as the settlement was too high for his liking.  In this instance I should have stood my ground and told the client that it was too soon to make an offer.  More than often, some accounts would go to an attorney’s office just to be taken back by the original creditor and sold or given to another collection agency as an attorney charges too much to recoup the money.  I explained to the client that if he lets his fear take over his emotions that he could end up paying a lot for his settlements so let us handle it since that was what he was paying the services for.

Ating lesson, Pag nadaig ng takot ang ulo mo ay iikot.

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your service!  I have over 30 years of real financial experience.  If you would like sound financial advice, call us at Debt Aid Consulting.  We do not use call centers like Financial Rescue.  No one has the right to put your information at risk.  Say no to LLC corporations in Canada!  Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.

Now serving the Caribbean Islands!

Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.

Itama po natin ang mali!

Itama po natin! By: Ben Lou

Segment 293

Q:  I really don’t want to pay for my old debts anymore.  Should I care?

A:  I don’t know what’s worse, someone who just doesn’t care or someone who just is plain clueless?   Let’s break down the how and why these two are the same in so many ways.

Both are practically ticking time bombs in a sense that one day they can be sued for the debts.  The only difference is the one who does not care may be expecting it and  the other does not even know what legal ramifications  this has.  Collection calls and letters are one thing but when served with a summons, this usually begins things to spiral out of control.  Next, the anxiety sets in on the unknown.  What happens to me?  Do I go to jail?   Am I going to be arrested?  Am I going to need an attorney?  Are they going to garnish my wages?  What about my bank account?  Will it be levied?  These questions and more run through one’s head when served with a summons and is the reason why one should care about their debts.

If you are at the end of your rope in trying to repay your debts, at least file bankruptcy if you have no other resort.  To not care and to just let it go is the wrong approach and it usually ends up with very serious results.

Ating lesson, Ayaw mo na nga bang magbayad?  Magsisisi ka kapag ang demanda’y sayo inilantad!

If you need help in getting out of debt, call Debt Aid Consulting.  We help with Credit Repair while and after your program.  We do not use call centers which keeps your information safe.  We have a new program that reconstruct debts for half of what you would pay our competitors.  We also provide legal assistance that keeps collectors away.  We take Federal Credit Unions, Payday loans and high interest personal loans in our program too.  This is exclusively available for Debt Aid Consulting clients.  None of our competitors provide this program.  You are well protected.

We only provide Federal Trade Commission compliant programs.  Debt relief companies who charge non refundable upfront fees are in violation of the ban.  Go with Debt Aid Consulting!

Do not fall for marketing gimmicks saying that they have the right program for you.  Most marketing companies only have one program and will enroll you in that program whether it fits you or not.  So beware!

Ben Lou at your ser