South Dakota Rep. Kristi Noem reports thousands in credit card debt
News from In-Forum:

Rep. Kristi Noem, R-S.D., shows between $ 20,000 and $ 30,000 in credit card debt on the asset disclosure form she filed this month with the U.S. House of Representatives.

Noem spokesman Josh Shields said the Noem family has “eliminated” all of the credit card debt reported on the form, which covers calendar year 2010. The debt has either been paid off or rolled into a small-business loan, he said.

“The family had recently purchased their insurance company, so like a lot of South Dakota small businesses and entrepreneurs, they incurred some small-business debt as they purchased that company and got it off the ground,” Shields said. “They put some of that debt on credit cards as a short-term means.”

Noem’s report also shows that Noem and her husband, Bryon, have between $ 500,000 and $ 1 million in loans for Noem Family Insurance Inc. in Bryant.

That business was formed in 2010 with the intent of purchasing Community Insurance LLC. The purchase was made and th…………… continues on In-Forum
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Money Monday: Can’t Pay It All? Negotiate a Debt Settlement
News from BET:

Along with details of your love life, salary and health problems, credit card debt ranks as one of the top things people say they are very or somewhat unlikely to talk openly about with someone they just met.

One person who is not hesitant to talk about the money you owe is a debt collector. Fortunately, even if you owe a large sum, a debt collector may agree to let you pay less than the full amount of your debt.

Even when a large sum of money may be owed, a creditor will almost always negotiate a debt or settle for some payment over nothing, when it comes to outstanding debt.

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