I always hear the economy sank once people defaulted on their home loans and that they would have never qualified for a loan in the first place had it not been for sub prime business.nnSo who supported giving sub prime home loans, and aren’t they to blame for the tanking economy?

Sub-Prime Loans: Said Income (nothing to back it up), Interest Only, ARM’s, Balloons, and you quickly signed on the dotted lines that you would repay……………Why are they crying now? What did they think would happen if you “Bet on the Come”…..and the “Come does not Come, and Turns South.”….???? Was anyone at Home here? Why do they want our country to bail them out?

I did an internet search and all lead me to already established debt programs. I want to set up my own debt management program, which can negotiate with creditors, consolidate loans etc… How do I get started?\nI reiterate: There are literally thousands of debt management, consolidation, counseling website and resources. I am not looking to manage my own debts, I looking to begin a debt management program for other people. I want to know what allows to apply for to begin a start up program. I want to know what regulations, fees, licenses I need to begin my own debt management program so that others can come to me for debt consolidation services.

I remember hearing once that a debt after a certain amount of years, is moot. Does it depend on the say where the debt occurred or you current say of residence?nnI heard that collection agencies that specialize in buying old debts, to try and collect on, **** for people to know about these laws. Where does one look up information about this? And what exactly does one do to bring it to the attention of the collection people, that you are no longer obligated by law to pay on such an old debt?