Stress and annoyance become you when you are a victim of debt collection harassment. You could become irritable and nervous to take phone calls expecting the calls to be from debt collectors. Original creditors can call you to collect the payments for debts owed by you. However, creditors do not pursue beyond a few calls and letters. They sell unpaid debts as delinquent debts to collection agencies known as the third party debt collectors for a...more
The Offer in Compromise (OIC) program in the United States is an Internal Revenue Service (IRS) program that represents an agreement between the taxpayer and the IRS that settles the taxpayer's liabilities for less than the amount owed. You, usually use the checklist in the Form 656 to determine if you are eligible for this program. If you believe you are eligible to file an OIC you should seek out representation from either attorneys,...more
There are many debt reduction solutions, but not all are created equal nor do all give the same level of benefits. When seeking solutions it's always best to find ones that fit your circumstances. In this article I'll present the two solutions that work best for people in most circumstances. After reading you'll have a clearer sense of how to move forward and solve your financial problems.Optimum Strategy #1 - Debt Settlement This solution involves negotiating a reduction or write-off of the total amount owed to the lender. So for example if you owed $10,000 and a settlement of 50% was reached, you'd see $5,000 wiped off your debt immediately. Sounds enticing doesn't it? And so it should; debt settlement is a very popular option these days because it works and it brings benefits very quickly.Optimum Strategy #2 - Debt Consolidation This solution involves the pooling of all your existing debt into one single amount and thereafter one single monthly payment. The benefit of this is that you don't have to deal with multiple lenders and you can see a reduction in the interest charged on the loans you had. There are big disadvantages with this...more
The recession has left many consumers in a bad financial situation. It is hard to keep up with your payments when you lost your job for no particular reason or if you get paid much less but you work more. When you get a loan, you agree with the interest rates and the penalties but most consumers don't even consider the effects of...more
Debt settlement is everywhere and you might have heard about it from a friend at work, read about it in the newspaper or saw one of the many articles about it on the internet. It has become very popular since the recession and although it wasn't always this efficient, it always had the potential of solving a debt problem and turn...more
Debt settlement attorneys can really be used for a number of reasons to be able to get out of debt. These are attorneys that work hard to be able to assist you in making your debts more affordable and being able to pay them off quicker as well. Basically they will get in touch with your creditors and debt collectors and work out a plan for you to pay a set amount to be able to stop paying any additional fees for not be able to stay on top of your original payments.The biggest advantage for most people when hiring a debt settlement attorney is that they do not have to deal with creditors any longer. Basically the lawyer takes on all of these dealings so that you do not have to deal with them any longer. Plus you will be able to make sure that there is no false information on your credit report.When you choose to settle your debts you should be focused on being able to figure out how to better manage your money. This should be used as a tool to be able to learn how to use your future finances. Plus you should also focus on making sure that you do not fall into the same financial situation that you are already in.When you choose to settle your debts you are taking a risk. This is very...more
If you are looking to settle your debt for less, you should know that there are ways to do it and also save money. Here are some things which you should consider when looking to settle your debt.First of all, you will need to stop...more
Knowing how to choose a debt settlement company is absolutely essential in getting rid of a huge debt burden. Choosing the wrong company could get you in even further debt than you already are. In this short article, I'll reveal...more
Debt settlement benefits can be so tough to find nowadays. And in these very tough economic times, it's tempting to bury your head in the sand and hope that your debt problems will go away. Believe me, I have done that many times...more
Debt problems exist all around the map and most families find themselves struggling over one thing or another at some point in time, it is a sad but very true problem going on in the world. Debt can be and is very bothersome, so for anyone out there...more
When it comes to the truth about debt settlement, you'll find a lot of conflicting information. Which raises the obvious question, how can the truth be conflicting? Well, the truth can never be conflicting and in this article...more
There are many people that stay so stressed out and worried over the fact that they can not pay their monthly bills, that they are actually becoming ill from it. Debt stress is something that most of you out there know entirely too much about and if...more