tag:blogger.com,1999:blog-91697294000246607562024-02-08T03:48:11.922-08:00Debt InformationDebt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-9169729400024660756.post-6513309926310760552009-01-31T10:01:00.000-08:002009-02-01T03:19:59.900-08:00Tips for Credit Card Debt Management :By Jay Moncliff<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14378818&owner=freemoney" target="_blank"><img style="width: 594px; height: 197px;" src="http://preview.shareapic.net/preview4/014378818.png" border="0" /></a><br />Debt management is a course every American needs to take simply because so many Americans are clueless when it comes to credit and debt management. This is unfortunate because many people do permanent damage to their credit record by not knowing how important managing their credit is. Also, frequently people get in trouble with debt and don’t know debt management tips, so they simply get further and further behind each month. This does not have to be the case and debt management is not difficult to do, as long as you have the desire to reduce your debt. Consider these debt management suggestions to get you out of debt quick.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Debt Management Tip #1 Make Your Payments on Time</span><br /><br />One of the most important things you can do to help your credit score is to make your payments on time. This is also a great way to avoid late charges which not only negatively impact your credit, but also negatively impacts your wallet. Debt management means making on time payments means your account will never be late, will not go into default and will not never have late fees associated with it. If you have problems making your payment on time imagine how much worse it will be when an additional $30 - $50 is tacked onto that payment.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Debt Management Tip #2 Work with Your Creditor</span><br /><br />Proper debt management requires working with your creditors. Many times creditors have debt management plans, as well as suspended payment options if you are having financial difficulty. Avoiding your creditors will make your credit problems worse and your debt management plan will not work. So talk with your creditor because frequently they can help you, or at least relieve the pressure for a little while.<br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Debt Management Tip #3 Pay of Credit Cards</span><br /><br />An important part of debt management is paying off your credit cards. If you do not pay off your credit cards then you will pay an unbelievable amount of money in finance charges. Make paying off your credit cards one of the first goals in your debt management program. You will realize a relief in your debt within a few months and realize that a debt management plan is important for everyone with debt.<br /></div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com2tag:blogger.com,1999:blog-9169729400024660756.post-18196920307657964182009-01-31T04:15:00.000-08:002009-02-01T03:15:23.456-08:00Pay Off Debt - Get Out Of Debt And Lower Your Monthly Payments :By Carrie Reeder<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14310027&owner=freemoney" target="_blank"><img style="width: 591px; height: 206px;" src="http://preview.shareapic.net/preview4/014310027.jpg" border="0" /></a><br />Debt consolidation can be confusing, especially if you have never considered contacting a debt consolidation company before. A debt consolidation company can give you free advice on reducing your monthly payments and show you the path to becoming debt free. High interest rates and the various fees charged by creditors can leave the average consumer unable to meet their monthly financial obligations. If you have found yourself overwhelmed by credit card debt and unsecured loan payments, debt consolidation may be the answer you have been looking for.<br /><br />The services offered by debt consolidation companies will not eliminate your debt overnight, but they will assist you in lowering your interest rates and monthly payment amounts. Debt consolidation is not an instant cure for your financial problems, but rather a tool that is available to consumers who can no longer afford the high payments and high interest rates charged by creditors. Instead of making high monthly payments to your creditors, you can drastically lower the interest rates on your accounts and lower your monthly payments.<br /><br />If you are currently making the minimum payments on your credit cards and struggling to pay off loans, medical bills, and other unsecured debts, a debt consolidation company can give you a free evaluation of your financial situation and contact your creditors on your behalf to make new arrangements for the repayment of your debts. Debt consolidation is not a new loan; it is a re-negotiation of the terms of your original accounts. In utilizing the services of a debt consolidation company you can pay off your debts in a much shorter time and pay less money each month.<br /><br />Protect your credit rating and start down the path to financial freedom. Debt consolidation services are often the best answer for millions of consumers who have become unable to pay more than the minimum amounts on their credit cards. If you continue to pay small monthly payments you could spend decades trying to become debt free. Contact a debt consolidation company now and begin dramatically reducing your debt today. Free consultations and friendly, professional service make consolidating your debts easy. You can start saving money each and every month and become debt free in a much shorter period of time.</div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-12458376023535761682009-01-31T04:11:00.000-08:002009-02-01T02:54:54.877-08:00Online Debt Consolidation – Devising Newer Ways For Changing Consumer Trends :By Ann Gibson<div style="text-align: justify;"><span style="text-decoration: underline;"><a href="http://www.shareapic.net/content.php?id=14309888&owner=freemoney" target="_blank"><img style="width: 590px; height: 207px;" src="http://preview.shareapic.net/preview4/014309888.jpg" border="0" /></a> </span><br /><div style="text-align: justify;">Consumers today are getting wiser by the day. They are educated and enlightened. They know what they want. A change in their needs and demands has led to a complete reworking of the market today. This changing trend has led to some innovations in the loan market itself. One of them is the online process of loan borrowing. This has made loan market extremely competitive and customer oriented.<br /><br />One of the biggest financial drain – credit cards – led to huge debt problems for consumers. Average Credit card debt rose from £1879 to £2748 in the last two years. With such an increase in the debt – the only logical subsequent step will be online debt consolidation.<br /><br />Debt consolidation consolidates all your pending bills like credit card bills, utility bills, medical bills, student loans or any other outstanding debt. This is the most reconstructive step towards getting debt free. Paying each month the interest rates on various loan types is an obvious stress on your budget. Online debt consolidation allows you to make one lower monthly payment for all the bills.<br /><br />Debt consolidation loans available online are meant to be beneficial but a wrong debt consolidation decision pose great risk to your already precarious financial situation. It will neutralize the reason for which you opted for online debt consolidation. Subsequently, a correct debt consolidation decision can not only get you out of debt but save a fortune. Look beyond the lower interest rate if you want to know that you are actually making profit through online debt consolidation. The interest rates are definitely lower but add the total interest rates that you are currently paying with total interest rates you will be paying after debt consolidation.<br /><br />A smaller loan term for online debt consolidation will fetch you more profits. Don’t go by the loans lender who encourages you with long term loans. The lower the monthly payments the longer the loan will last. They might have lower monthly payments but in the long run it will cost more. There is only one way that your online debt consolidation loans fetch you benefits – pay the loans fast. Do not let your online debt consolidation loan term go beyond 3-5 years. You can extend it maximum up to 10 years. Beyond that it won’t be that cost effective. Try taking small amounts as online debt consolidation. This will prove profitable because the compound interest on small amounts will be working for you than against you.<br /><br />Online debt consolidation might make your debt situation more manageable than what it used to be. Instead of various loan lenders you will have only one loan lender to deal with. The online debt consolidation lender would be henceforth dealing with your previous loan lenders. All you do is make a monthly payment and it will be distributed to pay for various loans.<br /><br />Online debt consolidation is for those who have ignored their financial limitations. Online debt consolidation can offer concrete solutions to those with medical bills and also those facing long term unemployment. If you intend to manage your online debt consolidation, you can take debt management services. They study your income and expenditure and deduce a monthly payment that fits into your monthly budget. Online debt consolidation can work for those who have committed themselves to correcting their spending habits. Online debt consolidation won’t work without your thorough commitment. It is basic to success with online debt consolidation.<br /><br />Debt consolidation tries to deal with a problem that is your unreliable spending habits. It is a solution but it is not a cure in itself. It depends on how you make it a foundation for good, solid financial planning. Falling back on your old ways would lead you back to the place where you are standing right now i.e. in search on another online option for debt consolidation. It is not a very promising situation. If you are looking for debt consolidation online – take it as a cue that perhaps somewhere your economic policy is faulty. If you understand this one fact then online debt consolidation will prove success – you not only will be out of debt, you will not get into it again. </div></div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-51798868748046870062009-01-31T04:09:00.000-08:002009-02-01T03:07:56.919-08:00Is Debt Consolidation For Me? :By Jeff Dragt<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14309922&owner=freemoney" target="_blank"><img style="width: 580px; height: 202px;" src="http://preview.shareapic.net/preview4/014309922.jpg" border="0" /></a><br />People with large debts always assume they just can’t afford to get out from under their debts, so they let them pile up dollar-by-dollar, year-by-year. No one has to live with large debts, there is always a way out. Debt consolidation is for anyone who has debts and cannot currently afford to make their monthly payments. It’s so easy for multiple monthly payments to add up to the point where you just can’t do it anymore. So, you put it off for one month, and one month becomes three, three months become six, and before you know it you can’t possibly catch up. Debt consolidation can get you out of the debt trap that you’re in. Anyone who has debts that they cannot pay should at least consider debt consolidation before taking more drastic and permanent steps.<br /><br />Only in very extreme cases is bankruptcy a good idea, most people can handle their debt through consolidation. Bankruptcy will leave a scar on your credit history for a long time, much longer than the seven years that people say it will. Unless a professional advises you that there really is no other way out of your debt, bankruptcy isn’t the answer! Debt consolidation is the perfect alternative to bankruptcy because with consolidation you can pay off your debts, and while it isn’t instant, it will improve your credit in the long run.<br /><br />Debt consolidation works by gathering all of your debt, and working with the people you owe money to, to reduce interest and even take a small portion of the principal amount due off the bill. Doing this with each bill will lower your personal debt up to twenty percent, and when you are talking about large amounts of debt twenty percent can be a lot! Twenty percent can mean the difference between doable and bankruptcy. Twenty percent can mean keeping your home or having it foreclosed upon!<br /><br />The first step after gathering all your debts and reducing them as much as possible is to do an income to debt comparison. This ratio will determine if debt consolidation really will work for you. For instance, if you make fifty thousand dollars a year and only have ten thousand dollars worth of debt, you’ll definitely be able to work out arrangements because your debt doesn’t greatly outweigh what you can bring in over a couple years time. But, if your income is only twenty five thousand dollars a year and you have a two million dollar debt, it may be difficult to ever get on top of that. Your debt needs to be something that you can realistically expect to pay off within a few years time. A debt consolidation professional can take a look at your specific debt to income ratio and let you know if you are a good candidate, of if you really need to consider bankruptcy as a last resort. Not paying on the debts isn’t an option, because bad credit robs you of your buying power, and you need that!<br /><br />Even if you think that your debt is outrageously high, you should still consult with a debt coordinator. Even if your debts are high now, you should see what a debt consolidation company could do for you as far as reducing interest and debts. Don’t be discouraged until a qualified professional (or two!) can tell you that consolidation really isn’t an option for you. Don’t give up until you’ve tried everything, you can’t just roll over and taint your credit without being one hundred percent sure it’s your only option.<br /><br />The majority of people do qualify for debt consolidation, which is great! Even though no one wants to pay a bill, many consolidators are able to get all of your debt into one monthly payment. One monthly payment takes the stress out of paying the bill, and also makes it fast and convenient. Your consolidator will work with you and your debt to determine what you can afford and what will make your debt collectors happy. Often, debt needs to be consolidated in two or three parts, to fit within your monthly payment. It would be ideal to do it all at once, but celebrate the fact that you are able to pay on your debts at all!<br /><br />Debt consolidation isn’t easy, but it is the answer for all those bills and collection agencies that are calling you. Once the process is started, debt consolidation is easy, and relatively stress free. Be sure to be honest about what you can afford monthly, so as not to lapse on your consolidation payments. The last thing you want to do is take steps backward after you’ve come so far. Each time you make a payment on your debt you’ll feel the weight lifting, and you’ll be able to sleep better at night knowing you are making a dent in the debt you have.<br /><br />No one tries to go into debt, but it’s easy to fall into a debt trap. Medical issues, financial strain, or job issues are common reasons for debt. Getting into debt isn’t fun, and getting out isn’t much fun either, but once you are there it’s worth the effort. And, living debt free is a lot more fun because you’ve regained your buying power. You’ll have a lot more respect for yourself and your ability to follow through, and other companies will be willing to give you a second chance when they realize you have righted your wrongs.<br /><br />So, who is debt consolidation for? Everyone! Everyone should at least consider consolidating his or her debt. There is no easy way out of monthly payments that cannot be met, but this is the best way to get control back of your life and your finances. Even if you have huge debts, contact a debt consolidation company in your area for a free consultation! You’ll be so glad you did, because you’ll gain confidence, respect, and get some much needed guidance to succeed in the future!</div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com2tag:blogger.com,1999:blog-9169729400024660756.post-87835216146845548872009-01-31T04:03:00.000-08:002009-02-01T02:50:57.966-08:00How To Avoid The Pitfalls Of Creeping Debt :By Deb Seeber<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14310001&owner=freemoney" target="_blank"><img style="width: 588px; height: 220px;" src="http://preview.shareapic.net/preview4/014310001.jpg" border="0" /></a><br />Reducing debt usually isn't a high priority for people until they have already gotten into trouble with overspending. Using a few basic guidelines, and debt calculations, can help you see when your debt load is getting into the danger zone.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Budgeting Guidelines</span><br /><br />First off, creditors use budgeting guidelines when reviewing and approving credit. If your debt exceeds the financial communities recommended guidelines, then you have a higher risk of credit applications being denied.<br /><br />Getting, and keeping, your debt in line with recommended budgeting guidelines, is an important step in reducing debt. Use the following recommended budgeting guidelines (the same ones used by Financial Institutions) to review the items in your budget:<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span> Housing 35% - Mortgage or rent, taxes, repairs, improvements, insurance, and utilities;<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span> Transportation 20% - Monthly payments, gas, oil, repairs, insurance, parking & public transportation;<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span> Debt 15% - Credit cards, personal loans, student loans & other debt payments;<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">* </span>All other expenses 20% - Food, insurance, prescriptions, doctor & dentist bills, clothing & personal;<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span> Investments & Savings 10% - Stocks, bonds, cash reserves, retirement, rental real estate, art, etc.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Debt Income Ratios</span><br /><br />The second step is calculating your debt income ratio. Once you know what your ratio is, you will understand just how important debt load is to your overall financial picture. Your debt income ratio is the percent of your monthly take-home pay that goes to paying debts.<br /><br />You calculate it by taking the amount needed to repay debts each month, including rent or mortgage, and divide by your take-home pay (your net pay after taxes). Remember, this is "Debt" ratio, so only include actual debt repayment in the calculation.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Credit To Debt Ratio</span><br /><br />Just because you pay off a credit card is no reason to close your account. One little known fact about the Credit to Debt Ratio is the reverse effect it has on your credit score. If you pay off a credit card, and close the account, you are actually negatively impacting your credit score.<br /><br />The reason for this negative effect is in the calculation of the Credit to Debt Ratio itself. This ratio is the relationship of your debt total vs. your credit limit.<br /><br />You calculate it by dividing the total credit limit of all credit cards and loan accounts by the total of the actual debt (spent total). Now, if you pay off a credit card, you are reducing the actual debt, which is great, but, if you close the account, you are also dramatically reducing the credit limit you have, and usually by a higher percentage than you are reducing debt.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Pay Yourself First</span><br /><br />Essential to long-term financial success, and protecting your future, is paying yourself first. While this may seem easy to do, it happens to be the last thing most people do, instead of first.<br /><br />Debts and other financial obligations, money for entertainment, and other spending always seem to take a higher priority. All I can say is, STOP! Think about it, if you aren't worth being paid first, then who is? Always put something away in your savings, and leave it alone. It doesn't matter if it's only $5 a week, just do it!<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Snowball The Credit Cards</span><br /><br />Last, but not least, is making extra payments, not just the minimum payments, on your credit cards. You have probably already seen this method to reducing debt many times, but it just can't be stressed enough.<br /><br />Paying just $10 extra a month on a credit card, above the minimum required payment, can cut your repayment term in half, if not more! So, squeeze out that extra payment, however small, every month, and take advantage of the compounding effect of snowballing your way to reducing debt.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">The Power of Financial Knowledge</span><br /><br />Remember, you don't have to be a financial whiz to understand what's going on with your credit and debt. Just a few simple calculations, and an eye on the future, will go a long way to help you succeed financially and keep your debt under control. Be safe, be smart, do the math!</div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-40802267718237118292009-01-31T03:47:00.000-08:002009-02-01T03:04:19.912-08:00Debt Management Plans – Suggesting Ways to Survive the Quagmire of Debts :By Ann Gibson<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14310085&owner=freemoney" target="_blank"><img style="width: 593px; height: 197px;" src="http://preview.shareapic.net/preview4/014310085.jpg" border="0" /></a><br />Before delving on what a debt management plan can do for you as an individual or as a business, it will be good to decide its scope. It is a misconception among many people that debt management plans can only be used for eliminating the existing mound of debts. Nevertheless, debt management plans have an extended scope. As the name suggests, debt management plans may be used with advantage to manage the debts to a particular level. It must be acknowledged that a proper management of debts makes debt consolidation and other methods employed to fight the menace of debts superfluous. Prevention is better than cure. Most of us repeat the adage incessantly. It will be through debt management plans that one can really develop the habits in ones life and dealings.<br /><br />However, the role played by debt management plans in working with the debts already incurred may not be discounted. Many people owe their financial survival to the debt consolidation loans that helped them counter bankruptcy and other debt related problems.<br /><br />The author has tried to illustrate the preventive as well as defensive uses of debt management plans through this article. Since the defensive part of the debt management plan is more widely used, we will first discuss the various plans to deal with debts that an individual or business has already incurred. The various debt management plans that come in this category are as follows:<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Debt consolidation loans</span><br /><br />The most conventional method of dealing with debts is debt consolidation loans. Debt consolidation loan is essentially meant to arrange easy finance for clearing the mound of debts. A single loan is drawn after consolidating the various debts. One aspect that distinguishes debt consolidation loan from other loans is that the borrower gets help and guidance from the debt consolidation loan provider in the settlement of debts. Expert negotiation skills and a proficiency in debt settlement recommend the services of the debt consolidation loan provider in this regard.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Debt consolidation mortgage</span><br /><br />Debt consolidation mortgage constitutes a major part of the debt management plans. A debt consolidation mortgage is basically a second mortgage. In this method, the borrower requests the mortgagee who holds the first mortgage to the home to repay his debts. In exchange, the borrower includes the debts while making the monthly repayments. The advantage of the debt management plan is that finance is available for debt consolidation at rates equivalent to a mortgage, i.e. at cheap rate of interest.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Debt consolidation through remortgage</span><br /><br />While debt consolidation mortgage entails dealing with the same mortgage lender, debt consolidation through remortgage involves shifting to a mortgage lender who offers a better rate of interest. In this debt management plan, the borrower or the mortgagor requests the new mortgage lender to include several debts along with the unpaid amount on the original mortgage for disbursement. Again, this will help the borrower get cheaper finance for debt consolidation at the rates of a mortgage.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Debt consolidation through credit cards</span><br /><br />Credit card as a debt management plan will be especially useful when the debtor wants a quicker settlement of debts. As in loans and mortgages, a credit card user need not wait for the debt management plan to be approved and sanctioned. Another advantage of credit cards as a debt management plan is that borrower is not required to pledge any of his/ her assets to back the loan. This can however be too expensive for the credit card user.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Debt consolidation through home equity loans</span><br /><br />Home equity loan is a secured loan taken against the equity in ones home. Home equity loans put a convenient method of debt settlement. A home equity loan is a multi-purpose loan that can be used with equal advantage whether in a debt management plan or for making home improvements. Since home equity loan is secured, it provides cheaper finance. However, the borrower needs to be regular in making repayments to protect his house from repossession.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Debt consolidation through debt settlement</span><br /><br />This form of debt management plan involves associating with a debt settlement company. The debt settlement company undertakes to repay the debts while the debtor repays the amount through small monthly instalments to the debt settlement company.<br /><br />As discussed above, the preventive methods are equally important tactics employed to avert the occurrence of debts. Debt counselling aims to impart debt management training to individuals as well as businesses. People are taught the manner in which to manage their revenues. Many of the tips provided as a part of the debt counselling techniques are time worn. The aim of debt counselling is not to recall these techniques, but to help people through innovative ways and means to employ these techniques in their life.<br /><br />The defensive debt management plans having repaid the debts, do not give sufficient guarantee of the menace of debts not raising its head again. There is a need to end the cycle of the debts, and the preventive part of debt management plans will be especially helpful on this count.<br /></div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-51563005614169414432009-01-31T03:27:00.000-08:002009-02-01T02:40:44.672-08:00Debt Counselling – Healing Touch For The Ailing Finances :By Aditya Thakur<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14378678&owner=freemoney" target="_blank"><img style="width: 580px; height: 189px;" src="http://preview.shareapic.net/preview4/014378678.gif" border="0" /></a><br />The financial stories remain similar over the months and the years. With debts becoming a nuisance, people make resolutions and resolve to stand by these resolutions. But, once on a spending spree, little do they care for the resolutions that they made with so much efforts. Debts once again begin their run. And so do the resolutions.<br /><br />How many months do you intend to continue this way? With the mounting debts, repayment becomes difficult. Bankruptcy suits are filed against the debtor and he loses his belongings to the creditors. If this is not what you plan to mirror in your life, then debt counselling will be strictly recommended.<br /><br />Debt counselling is a help in the settlement of debts from a friend, relative, or an outside agency. Through debt counselling, individuals are educated about the disadvantages of debts, means to lessen the occurrence of debts, and methods of settlement of debts already incurred.<br /><br />The underlying assumption in debt counselling is that if an individual wants he can surely improve his debt status. The contention of most people is that they do not know how they contract debts at the very first instance. Nevertheless, there is little to this argument other than an excuse. A proper management of the income can surely lead people out of debts.<br /><br />Debt counselling requires the debtor and the counsellor to sit together for a counselling session. All matters related to the debts and the other aspects of the finances like the income that one receives, the expenditures- expected and unexpected, those requiring to be satisfied with priority, standard of living, etc. are discussed during the counselling session.<br /><br />The counselling session may be undertaken in about two to three sessions. This is however dependant on the individual case factors and the counsellor chosen. Borrowers must be frank while describing their case to the counsellors because subjective elements are important in forming a conclusion.<br /><br />There are basically five functions of debt counselling. In the following section we describe the functions in detail.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• One-to-one counselling</span><br /><br />Borrowers get resources on debt management from books, self-help guides, and seminars and conferences. However, these prove of little help. With the methods described having a more generalised feel, borrowers are unable to use them to their specific case. One to one counselling sessions are arranged with experts acting as counsellors. Most of the raw material in their forming a conclusion for the case comes from the individual’s account of his financial condition.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Self-help packs</span><br /><br />As discussed earlier, borrowers cannot completely free themselves of their responsibilities towards the debts. Nor can they resort to outside help every time when a debt comes up for repayment. The borrower will have to take certain steps on his own. A judicious use of income is always preferred. While spending, the necessities must always come first. Try as much as possible to curb the unnecessary expenses. No debts must be ever ignored. If debts do occur, then steps to fix them must start from the beginning. Such tips will be advanced to debtors under the self-help packs.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Debt repayment plans</span><br /><br />Debt counselling also offers to help with the debts already incurred. Debt counselling agencies study the case of the individual and suggest debt repayment method out of the various debt repayment methods available. Borrowers are made aware of the advantages and disadvantages of each method. A genuine debt counselling agency will make a suggestion and not an offer. Many lenders try to sell off their debt repayment products in the garb of offering debt counselling. Borrowers must be able to distinguish between the genuine and the fake debt counsellors. Though the scope has widened because of the internet making more and more lenders available, it will be unwise to associate with any lender without making the necessary enquiries about their trustworthiness and reliability.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Negotiations with creditors</span><br /><br />Making the payments to the various creditors can be a gruelling task. With creditors not lessening their demands, the debtor is in a fix as to how he is going to repay to the other creditors. Proper negotiation will be required to compel the creditors to lessen their demands. Debt consolidation agencies represent the debtors during the debt settlement process. Lump-sum payment on the debtors account acts as an inducement in the negotiation process. The amount remaining after the debts have been repaid can be used by the debtor in the manner he desires.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• Continuous help and advice</span><br /><br />Debtors are not left to fend for themselves after the counselling ends. It is normally seen that people face difficulties in implementing the advice gained in the debt counselling session to the real life. Counsellors conduct a study of the factors that might be preventing the implementation. New suggestions or modifications to the old suggestions are made according to the demands of the case.<br /><br />Some people would laugh at the suggestion of taking debt counselling as being hyper-sensitive to a triviality like debt. But debts are not trivialities. They can attain dangerous proportions if they grow unhindered. Though individual attempts of the debtors will be always welcome, these can go haywire in the absence of expert help from counsellors. With experts filling up for counsellors, debtors can rest assured that they will be fully rid of the debts.<br /></div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-80380523527505479672009-01-31T03:21:00.000-08:002009-02-01T02:32:48.588-08:00Debt Consolidation Services Can Make You Debt Free :By Michael<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14310242&owner=freemoney" target="_blank"><img style="width: 589px; height: 200px;" src="http://preview.shareapic.net/preview4/014310242.jpg" border="0" /></a><br />Debt Consolidation services are the most reliable option to secure freedom from debt. They help you in debt management with care and guidance where you are free from debts. A debt struck man has two options to choose fro; one leads to bankruptcy and the other one towards debt consolidation. Our Debt Consolidation service will help you to get out of the debt trap very smoothly and steadily. We will assist you in repaying your debts easily, quickly and painlessly.<br /><br />Since you are logged in you can not use the signup form again. If you want to use the signup form for some one else who you know. Please logout and then use the signup form.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Debt Consolidation Care helps you in the following ways:</span><br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span>Reduce your debts by 40% - 60%(even more)<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span>Consolidate payments into low monthly payment<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span>Eliminate interest and late fees<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span>Stop harassing and threatening phone calls<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span>Get out of debt in a fraction of the time<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">*</span>Rebuild poor credit. This is the most preferred route to exit<br /><br />These services not only help you in debt consolidation but also help you to explore all the possibilities. We have bundles of articles related to different types of loan and legal policies. We, at Debt Consolidation Care, want to inform people about the various debt management options through our articles. Our experts can help you in any situation. They are experienced in this field.<br /><br />We have a very good track record of negotiating with countrywide creditors. Our experts in this field will negotiate with your creditors and will reduce your debts. There are many cases when the negotiation helped the debtor to reduce his debts by over 60%. We not only negotiate with your creditors for debt reduction but also consolidate your payments into small monthly installments. This monthly payment will be 40%-60% less than your current monthly payment, as most of the debt would have been eliminated. In case you have extra money left over, you will have the flexibility to pay higher amount to get out of debt even faster.<br /><br />In order to get rid of your agonies, enroll yourself with the debt consolidation program. Consolidating your debts is a much better way to get rid of your financial obligation and we specialize in this field. Fill our free membership form to get all the alternatives and Let us share your burden.</div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-70032963626937555502009-01-31T03:16:00.000-08:002009-02-01T03:11:28.783-08:00Debt Consolidation Loans - A Great Way To Lower Your Bills :By Suvadip Das<a href="http://www.shareapic.net/content.php?id=14310072&owner=freemoney" target="_blank"><img style="width: 589px; height: 211px;" src="http://preview.shareapic.net/preview4/014310072.jpg" border="0" /></a><br /><div style="text-align: justify;">Having a hard time paying your bills? Can't seem to catch up and get out of debt? Debt Consolidation Loans might be the answer for you and your debt problems.<br /><br />Debt consolidation is the best option if you are in financial difficulty. It helps you get the help you need, almost immediately and can provide information on how a debt consolidation loan can make things easier for you and why it is important for you to have a good credit rating. Most of all Debt Consolidation Loans can help you avoid bankruptcy.<br /><br />Debt Consolidation Loans will thus ensure your financial status and prevent you from unwanted monetary crisis. With Debt Consolidation you can reduce your debts quickly and easily and get back in control.<br /><br />Across America, every state has tailor made Debt Consolidation programs such as Free Debt Consolidation, Debt Consolidation Loans, Non-Profit Debt Consolidation, Bill Consolidation and Credit Counseling. <span style="font-weight: bold; color: rgb(51, 51, 255);">These programs can help you get out of financial crisis with some easy management like:</span><br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">•</span> Consolidating your debts into one easy monthly payment<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• </span>Stopping collection agencies from harassing you and your family<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• </span>Reducing your interest payments and eliminating penalties and late fees<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">•</span> Saving your credit rating<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• </span>Offering financial advice to help you plan for a debt-free future<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">• </span>Saving you thousands of dollars on what you currently owe<br /><br />For millions of home owners, a debt consolidation loan is the perfect way to consolidate debts. You can consolidate your debts, eliminate outrageous interest rates and fees, and make one low monthly payment. Credit cards, medical bills, and unsecured loans can all be combined into one monthly payment when you apply for a debt consolidation refinance loan. The time has never been better to apply due to the current low interest rates being offered by mortgage lenders. Information and quotes are free and you can apply to several lenders with one simple online application and then can choose from the best quotation.<br /><br />Refinancing your home in order to consolidate debts has tax advantages as well as lowering your monthly payments. You can roll all your debts into one low monthly payment and receive tax deductions on your refinanced mortgage. A debt consolidation refinance can give you extra money each and every month, eliminate high interest rates on credit card debts and unsecured loans, and give you a fresh start on attaining your financial goals. If you have overdue bills that never seem to get paid off and you feel as if there is no end in sight to the constant financial pressure and stress, a debt consolidation refinance loan is the perfect answer to your problems.<br /><br />Information on a debt consolidation refinance loan is available to you immediately when you complete a short, simple online application on the internet. You'll be contacted by multiple lenders in as little as 24 hours who can give you expert advice on consolidating your high interest debts into one convenient, low monthly payment The quotes are free and usually there will be no initial credit check. Simply review the offers and choose the lender that best suits your needs. You can avoid multiple inquiries on your credit report by applying to several lenders at once with one quick online application.<br /><br />A debt consolidation refinance loan can enable you to eliminate debts and save money. Even if your credit history is less than perfect, you can refinance your home and consolidate your debts with one easy application. Multiple lenders who can assist you during each step of the refinancing process will contact you within hours after receiving your application. You'll get no-obligation quotes from lenders who are eager to advise you about the numerous options that are available to you. If you complete the short online application today, you will soon be on your way to a debt free existence, free from the stress and pressure created by those high interest debts.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Debt Consolidation Solutions</span><br /><br />Now you are aware how millions of Americans are finding it hard to pay their bills and get out of debt. Many are turning to debt consolidation for help. While the biggest problem seems to be credit card debt, other debts such as tax debts, medical bills, student loans and personal loans can all be included in a debt consolidation plan.<br /><br /><span style="font-weight: bold; color: rgb(51, 51, 255);">Process</span><br /><br />Debt consolidation is a simple process that can be done over the Internet. A person needs to search for a lender that is listed in the Better Business Bureau. After a lender is picked, an application is filled out with personal information as well as debt amounts, account numbers and present monthly payment amounts. A debt specialist will then give you feedback on what your new monthly payment would be and how long until your debts are paid. If both parties accept the debt consolidation plan, a signature will be required to get started.<br /><br />The lender will deal with the creditors. In most cases the lender will get the creditors to lower the interest rate and in some cases even lower the amount owed. The creditor will benefit from debt consolidation because they know they will be receiving money from this lender. From their standpoint, they would rather get some money than have the debtor’s file for bankruptcy and have nothing.<br /><br />The lender is also benefiting from the donations that the non-profit organization receives for their services.<br /><br />The debtor receives the greatest benefits from debt consolidation. They now have one monthly payment, which is smaller than their combined payments were before. They will get their debt paid faster due to the fact that (A) they cannot use their credit cards at this point. The creditors have closed their accounts, but left them in good standing. (B) The interest rates have been lowered; therefore the debt will be paid off faster. Another benefit from debt consolidation is that you can reestablish your credit without having any negative effect on your credit report.</div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-32419607306864516572009-01-26T08:40:00.000-08:002009-02-01T02:59:56.751-08:00Bad debt can really harm your credit history :By Jakob Jelling<a href="http://www.shareapic.net/content.php?id=14378836&owner=freemoney" target="_blank"><img style="width: 590px; height: 195px;" src="http://preview.shareapic.net/preview4/014378836.gif" border="0" /></a><br /><div style="text-align: justify;">While most people use the phrase "bad debt" to refer to a lot of debt, or just owing a lot of money, this phrase actually has a very specific use when it comes to financial issues. Bad debt in this case is a debt that cannot be collected. This usually happens when the person who owes the money goes bankrupt, and does not have the ability to pay toward the debt.<br /><br />If you are a creditor and the person who owes you money declares bankruptcy, this bad debt can be a problem. After all, even though a good deal of the remaining estate will be separated out to the many different creditors, you will probably not get all of the money that you are owed. For this reason, most creditors try to work with the debtor in order to make it possible to pay back the debt - that way, they'll get all of the money back, instead of just a little.<br /><br />If you owe money and you do not believe that you can pay it, it might sound like a good idea to have that debt declared as a bad debt. However, this is not the case, as declaring bankruptcy can have lasting effects on your financial situation, whereas being in debt and working to pay off your debts can actually be beneficial in the long run.<br /><br />When you have a bad debt, it makes a big hit on your credit history. This can be a big problem, especially if you need to get a credit card or a loan. In fact, the credit history can effect pretty much anything you do in the financial world, including mortgages, buying a car, and being able to take out a much needed loan. Therefore, you should do whatever you can to make sure that you'll be able to pay off the debts you have.<br /><br />To prevent bad debt, you should first minimize the number of debts you incur to begin with. For instance, if you can possibly avoid buying something, then you should wait until after you've saved the money for it, instead of buying on credit. If you already have a lot of debt, then you should look at some of the debt solutions, for instance, debt consolidation.<br /></div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-6922943242787659812009-01-26T08:39:00.000-08:002009-02-01T02:27:33.439-08:00Bad Credit Debt Consolidation When Debt Joins Hands With Bad Credit :By Ann Gibson<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14310149&owner=freemoney" target="_blank"><img style="width: 589px; height: 232px;" src="http://preview.shareapic.net/preview4/014310149.jpg" border="0" /></a><br />How does your month starts – paying interest rate on your car, credit cards, grocery bills, medical bills and what not. It is a taxing process and chances are you can’t even make the complete payments. Debt consolidation offers the best solution available for this predicament. Debt consolidation is possible for someone with bad credit. It is usually with people with bad credit, they have numerous debts. Having bad credit is not such a huge problem but having unpaid debt is certainly something that requires more than careful consideration.<br /><br />Debt consolidation loan with bad credit can reduce your debt considerably. Bad credit debt consolidation is a significant step in debt management. Bad credit debt consolidation is a very helpful option for someone in debt. But they may or may not be the right solution for consolidation of debt for a bad credit borrower. Bad credit debt consolidation has advantages and disadvantages of their own.<br /><br />Bad credit debt consolidation has lower interest rate as opposed to what you were paying initially. This is what you should be concentrating on while hunting bad credit debt consolidation. The most common type of bad credit debt consolidation is home equity loans. This is also known as second mortgage. These loans are secured there is a liability is attached to it in the form of your home. Therefore, serious thought and consideration is required before securing bad credit debt consolidation with home.<br /><br />Unsecured bad credit debt consolidation is also possible. That would require some perseverance on your side. Unsecured loans have no security therefore will ask for higher interest rates as compensation. Be prepared for that. Also the accountability with bad credit is in the form of higher interest rates. You must be aware of your credit score before you apply for bad credit debt consolidation. Get a recent report and try improving your credit score. Even a little bit improvement in your credit score can do wonders with respect to the interest rates you can achieve.<br /><br />Since bad credit debt consolidation has lower interest rates, the monthly payment gets significantly reduced. A reduced monthly payment will leave ready cash in your budget every month. This not only saves your money but proffer a way to making other expenses possible within the same money. Sometimes bad credit borrowers pay attention only on low monthly payment rather than low interest rates. Lower monthly payments over a long period of time can cost more over a longer time span. Sometimes paying off debts can take a longer time with bad credit debt consolidation. Get a copy of the cost of bad credit debt consolidation loan. Apply for free quotes form various loan lenders and compare and then decide on the one that costs less.<br /><br />Bad credit debt consolidation leaves you with only one creditor. You face no more harassment from your creditors. The debt consolidation loan lender will henceforth deal with your previous creditors.<br /><br />Your debt consolidation lender or agency cannot improve your credit rating. However, a bad credit debt consolidation certainly can have a positive effect on your credit rating. A bad credit debt consolidation effort is always looked upon as a constructive effort. Bad credit consolidation can slowly improve bad credit if payments are made on time.<br /><br />A debt consolidation loan decision has to be taken with careful consideration. Otherwise you can end up in deeper debt problems. Carefully select your lender because lenders are known to miss or delay payments thus deteriorating your credit condition. Take care to repay all your debts in 3-5 years time period.<br /><br />Bad credit debt consolidation leaves a lot of place for predatory lending. Beware of lenders who promise to take care of everything. None of your debts will vanish in thin air. It is a step by step process and with time bad credit debt consolidation will show its effects.<br /><br />Finances require a devout determination. You have failed to show that twice – you require debt consolidation and you have bad credit. This is your opportunity to make that again alright. This is being called bad credit debt consolidation.</div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-90891336454071298112009-01-25T02:07:00.000-08:002009-02-01T02:20:21.381-08:00Bad Credit Debt Consolidation Loan :By Jonathan Pike<div style="text-align: justify;"><a href="http://www.shareapic.net/content.php?id=14309930&owner=freemoney" target="_blank"><img style="width: 588px; height: 227px;" src="http://preview.shareapic.net/preview4/014309930.jpg" border="0" /></a><br />Nowadays, many people can get into a bad credit situation if they do not keep track of their income and expenditure. Many young executives suddenly find that they are being offered credit cards by various companies. Those who are sensible will find a credit card that suits their needs, sign up, keep track of their purchases, pay off their credit card bills in full each month, and ignore offers from other companies. There are others who may be dazzled by all the credit on offer and will end up with credit cards from several companies. They may easily end up making lots of purchases on credit while making the minimum payments on their cards. Then, one day they realize just how much debt they are in when they need a debt consolidation loan to get out of a bad credit situation.<br /><br />At the Debt Consolidation and Debt Reduction Service, we do not give you debt consolidation loans. We help you reduce your debts by 40 percent to 60 percent and your payments by 40 percent. We see to it that you pay no interest, late fees, or penalties. We get you out of debt, and out of a bad credit situation, within three years. We ensure that you receive no more harassing phone calls from creditors by negotiating with them.<br /><br />We can help you create a debt reduction plan. You begin by listing all your debts, estimating your income, and creating a workable monthly budget. You then have to find the money to pay off all your debts. We also offer credit counseling to our clients. We begin by advising our clients to stop using their credit cards—this automatically stops their debt situation from worsening. By helping you estimate your income and create a monthly budget, we ensure that you know how much you earn each month and how you spend what you earn.<br /><br />You can consult us if you have debts that are over and above $5,000. You cannot hope to get out of a bad credit situation if you only pay the minimum amounts due every month—you cannot hope to get out of debt for a lifetime. If you decide to go in for debt consolidation—where the numerous payments you have to make each month are consolidated into one small sum—you can hope to get out of debt faster. If you are in a bad credit situation and need help with debt consolidation, fill out the form on our Web site. We will help you get out and stay out of debt for the rest of your life.</div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0tag:blogger.com,1999:blog-9169729400024660756.post-24388456761510497002009-01-23T04:11:00.000-08:002009-02-01T02:21:16.560-08:00A Simple Question We All Wonder - Are Debt Settlement Companies Scams? :By Jon Butt<p><a href="http://www.shareapic.net/content.php?id=14215708&owner=freemoney" target="_blank"><img style="width: 584px; height: 184px;" src="http://preview.shareapic.net/preview4/014215708.gif" border="0" /></a> </p><div style="text-align: justify;">Are debt settlement companies scams? It's a simple question so does it have a simple answer?<br /><br />Along with the genuinely helpful firms, there are plenty of operations billing themselves as legit debt settlement companies. These debt company scams prey on debtors by promising relieved debt and empty their pockets forcing payment of outrageous fees.<br /><br />For starters, scams are a fixture on Internet pages scattered through the net. From 'scamdicapper' sites that 'highway rob' bettors & gamblers of their wager earnings to false charity sites, the best debt negotiation companies are hard to come by.<br /><br />There are plenty of operations billing themselves as legit debt settlement companies. These debt company scams prey on debtors by promising relieved debt and empty their pockets forcing payment of outrageous fees.<br /><br />As A Debtor It's Your Job To Be Careful When Getting Out Of Debt<br /><br />Although hundreds of debt settlement companies scams are reported to the FBI by debtors and investigated by the Federal Trade Commission every day, there are some solid, bona fide debt settlement companies out there. Avoid the sketchy operations of scam companies by becoming acquainted with the best companies for debt negotiation.<br /><br />Click on the menu choices on the top left for the best debt settlement companies listed at the bottom of each page. Only bonafide companies get rated.<br /><br />The Debt Reduction Guide lists the internet's best companies known for catering to their debtors, many with a free debt negotiation plan without any obligation to join any service.<br /><br />As with many businesses and operations, scam companies are as common as taxis in metropolitan areas. Discovering the top debt settlement companies and avoiding debt company scams is best achieved through solid research, thorough review of available resources, and the information splashed onto the pages of this debt negotiation and debt settlement site.<br /><br />Remember, if you encounter scam companies or aren´t sure of their legit status contact your Consumer Affairs or the Better Business Bureau, watchdogs against debt company scams and advocators of legitimate, truthworthy ones.<br /><br />With a little legwork, sidestepping scam companies will become a dance.<br /></div>Debt Informationhttp://www.blogger.com/profile/14644683707003041095noreply@blogger.com0