Most of the time it happens that we forget or not able to keep the record of our debts. And we get to see such scenario like If youre behind in paying your bills, or a creditors records mistakenly make it appear that you are, a debt collector may be contacting you. And there where the scenario of debt collection starts. So to avoid such embrassing situation the Federal Trade Commission (FTC), which is a consumer protection agency, enforces the...more
People should be aware of different aspects of debts before dealing with it. Usually when you're sorting out how to pay back your debts, you should identify the most important ones. These are called your 'priority debts' and should be settled first. You can share more in detail about debts with experts and debt agencies. People should know that the most important debts aren't necessarily the biggest ones. But the priority debts are ones where...more
Are you wondering what's the fastest way to get out of debt. Well, your not alone. If you cannot pay-off your debt entirely on your own,or make payments well above the minimum required, then debt negotiation (also referred to as debt elimination) is the fastest method of getting out of debt.Debt Elimination: "Let the Negotiations Begin"What is debt elimination? It's the process of negotiating with your creditors in order to substantially reduce the balance of your debt. Reducing your debt...not reducing your interest rate, is the secret to becoming debt free!Debt negotiation is the best solution for the vast majority of people that have an excessive amount of unsecured debt.Debt elimination is the best option for debtors that dug themselves into a hole that they can't get out of, from accumulating too much debt. It's the rope that may pull them out.This method is also best for those that need to drastically lower their payment.Debt Elimination Is a Bankruptcy Alternative, Without The Severe Consequences.Pros: * Fastest method of eliminating your debt- get's rid of you unsecured debt in 12-48 months. * Lowest monthly payment program. Lowers your payment by $100-$600 per...more
When looking to get debt relief, take debt settlement agencies with a grain of salt. You may not want to put your family at the great risk of being the victims of a debt settlement scam or not truly getting out of debt.Can I Find a Debt Settlement Attorney? By: James Brown About the Author Castle Law Office of St. Louis, P.C....more
America has become a bailout nation. At first it was only large financial institutions that were receiving financial bailouts. Billions of stimulus dollars were injected into the American economy and now the debt settlement industry is capitalizing on this to promote consumer bailouts. They argue that since most large creditors received bailout...more
Are your credit cards in charge of your life? Are you living payday to payday with no end in sight? Making large payments but not making much of a dent on your principal balance? It may be time to consolidate and live debt free.Debt free living opens up so many possibilities for using your money more wisely. The money once used to make monthly bill payments can go toward college funds and retirement savings. It can be used for investments and cash to use on travel and recreation.The first step toward living debt free may be to consolidate your current indebtedness. There are several methods to consolidate your bills and each once requires careful examination before taking the plunge. Before making the first move to consolidate it is important, however, to be fully aware of your credit history and current credit (FICO) score. Only when you know as much about yourself as your creditors do can you make wise decisions about your finances and begin to live debt free.FICO scores range from 400 to 800. Scores above 720 designate excellent credit. Scores below 550 are considered sub par. Even a score below 600 can make it more difficult to consolidate. Beneath this range will make interest...more
There are many different strategies for getting on top of debt. One popular technique is known as the debt snowball. The reason it's named 'debt snowball' is because you start with the smallest debt and work your way up to the biggest one, like...more
Debt settlement is a debt relief option that allows you to negotiate with your lender to pay your debt off for a lesser amount than what is actually owed on it. This option for getting out of debt is used when the account holder will never be able to...more
Are you struggling with multiple and unmanageable debt burden? Is extra interest rate eating up your all monthly salary and the loan amount is not reducing? Are you not comfortable with the earned money and unable to return the loan installments on...more
The inflationary trend can force any normal household to overburden its pocket with loans. It solves the financial issues for the time being but ultimately they are to be paid back. Paying the interest rate on each loan is highly expensive. Cheap...more
There are lots of ways to resolve a major credit problem. One of these ways is through debt settlement. However, this option is sometimes overlooked since there are just few advertisements highlighting the potential of debt settlement in resolving...more
In Africa Art is loved by many people especially those who love collecting and buying drawings. Big works of art have been auctioned at very high prices and this has been a preserve for the rich. However this should not always be the case and you can...more