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Debt and Debt Consolidation Articles
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- Reputable Debt Management Companies - How To Find The Best Debt Management Company - by Submitted on Aug 13, 2009 from Keith GarrowWhen you have serious debt problems and you turn to a debt management company for help, you really cannot afford to take chances. All too often people make the decision to deal with their debt problems once and for all, they sign up with a company, and a year or so down the line they find that ...
Views: 1198(2 votes) - The National Debt Helpline And The Services It Offers - by Submitted on Sep 07, 2010 from Keith GarrowThe National Debt Helpline is primarily a telephone service that provides free debt help, advice and information to people in the UK. It is part of the Money Advice Trust, which is a registered charity that tries to promote the availability of free debt help for people with financial ...
Views: 1372(2 votes) - Can a Creditor Sue Me for Unsecured Debt? - by Submitted on May 07, 2009 from Keith GarrowFirst of all we need to be clear about what is meant by unsecured debt. Most loans and debts will fall into one of two categories, secured or unsecured. A secured loan is secured against some asset you own, usually your home. What it means is that if you default on the loan, you can lose the ...
Views: 3861(3 votes) - Debt Payment Plans - Using Debt Management Plans To Get Rid Of Debt - by Submitted on Aug 19, 2009 from Keith GarrowDebt payment plans are known by various other names too, including debt management plans, debt payment programs and debt consolidation. These terms all means the same thing, which is a process of consolidating all your debts into a plan that leaves you with one monthly payment, which is lower ...
Views: 916(3 votes) - Debt Settlement - What Percentage of a Debt is Typically Accepted in a Settlement? - by Submitted on Feb 13, 2010 from Jesse NiesenI'm often asked by subscribers, "What percentage of a debt is typically accepted by creditors in if I do debt settlement?" This is a great question, and it's important to set the right expectation when considering debt settlement. Many of the fly-by-night companies who have started ...
Views: 24244(3 votes) - Debt Settlement Relief Companies - Are Debt Settlement Companies Safe? - by Submitted on Sep 04, 2009 from Keith GarrowDebt settlement relief is a process of reducing debts through negotiation, making it possible to clear the debts and become debt free. This is a specialist service offered by debt settlement companies who have trained and experienced negotiators working for them. Unfortunately, some people in ...
Views: 1361(3 votes) - Debt Settlement Secrets: Stopping Creditor Calls - by Submitted on Jan 15, 2010 from Jesse NiesenTHE BEST WAY TO STOP COLLECTION CALLS ASAP DURING THE DEBT SETTLEMENT PROCESS. This only applies to people in a legitimate debt settlement program, such as the debt settlement programs I endorse. If you are not yet enrolled into a debt settlement program, be sure to read this Debt Settlement ...
Views: 2782(3 votes) - Debt Settlement Tax Avoidance - How Will Debt Settlement Affect My Taxes? - by Submitted on Feb 13, 2010 from Jesse NiesenIf I settle my credit card debt, how will these significant savings affect my taxes? This is an interesting question when considering how to get out of debt. In general, the IRS considers $600 or more of debt which is forgiven or discharged as income. This mean if you owe $50,000 in credit ...
Views: 2340(3 votes) - How Do I Consolidate My Debts - Information And Advice About Debt Consolidation - by Submitted on Aug 19, 2009 from Keith GarrowDebt consolidation is a widespread method of tackling debt problems, and involves consolidating lots of different debts into one, lower monthly payment. There are two different approaches to debt consolidation, one of which involves taking out a new loan, and the other type which does not ...
Views: 812(3 votes) - Negotiate Credit Card Settlement - Advice On How To Settle Your Credit Card Debts - by Submitted on Aug 11, 2009 from Keith GarrowWe all use credit cards and we probably all spend a bit more than we really ought to, but when finances are tight it is really easy to slip gradually into fairly serious debt. It gets to a point where it becomes a vicious circle as your card bills rise, leaving you less and less each month, ...
Views: 767(3 votes) - Pay Plan Debt Management - Using A Pay Plan To Get Rid Of Serious Debt - by Submitted on Sep 04, 2009 from Keith GarrowThere are many possible ways to deal with debt problems, but one of the most common and most effective is through some sort of debt payment plan. These are properly known as debt management plans, but are essentially a structured way to pay just a set amount each month towards clearing your ...
Views: 807(3 votes) - What to Do if You Are Being Sued for Credit Card Debt - by Submitted on Jul 22, 2009 from Keith GarrowBeing sued for debt is a frightening thought, but is an increasingly likely scenario for many consumers struggling through the credit crunch. One of the most common forms of consumer debt is money owed to credit card companies. The reason for this is not least because it is often very easy to ...
Views: 1192(3 votes) - What Your Kids Need to Learn About Debt - by Submitted on Jan 14, 2013 from Samantha SeiffertMoney had always been a sensitive topic. It is also a crucial lesson that you need to teach your children. So if you are deep in debt, you need to clue in your children on the real situation of your finances. There is nothing wrong with being honest with your kids about financial matters. ...
Views: 1559(3 votes) - Disadvantage of Debt Consolidation - The Facts About Debt Consolidation - by Submitted on Feb 07, 2010 from Keith GarrowYou will have no problem at all finding thousands of pages on the internet extolling the virtues of debt consolidation, but that is because they are all by people who are selling it as a service and therefore have a vested interest in pointing out the positive side. Getting to know what the ...
Views: 1715(4 votes) - Successful Credit Card Settlement - How To Achieve A Successful Debt Settlement - by Submitted on Sep 15, 2009 from Keith GarrowCredit cards are a wonderful thing, but they can be a little too wonderful for many of us, when they make it all too easy to spend money we do not yet have. It is usually the cumulative effect of using several cards over a period of time that leads to the total debt gradually getting out of ...
Views: 880(4 votes) - Credit Card Debt Settlement - How Do I Choose a Good Debt Settlement Company & Avoid a Nightmare? - by Submitted on Feb 13, 2010 from Jesse NiesenDebt settlement is the fastest way to get out of credit card debt for the least amount of money and avoid bankruptcy. If you are one of the millions of Americans struggling through financial hardships today, debt settlement may be your very best option to be debt free ...
Views: 2976(5 votes) - Debt Problems and How To Deal With Them – A Debt Collectors Point of View - by Submitted on Aug 10, 2009 from Ashley AylingHaving been in the debt collection business for some years now it never ceases to amaze me how people deal with their debt problems. There seems to be 3 main methods of dealing with debt. 1. Ostrich Approach – Bury your head in the sand and the problems will disappear. 2. Worry Wart ...
Views: 1224(5 votes) - Negotiating Settlements With Creditors - How To Negotiate Debt Settlements - by Submitted on Oct 12, 2009 from Keith GarrowIt can be extremely stressful to be called at every hour of the day by creditors who want to be paid. The difficulty for most people in this situation is that they cannot afford to pay the creditors the money that is owed, but do not know how to make things any better. The best solution to ...
Views: 803(6 votes) - How Do I Consolidate My Debts If I Can't Afford The Monthly Payment? - by Submitted on Aug 28, 2009 from Keith GarrowDebt consolidation is a widely understood process which involves consolidating a lot of existing debts into a single monthly payment. In the UK, consolidation is generally understood to involve taking out a debt consolidation loan to pay off the old debts, but in the US the term means the same ...
Views: 1281(7 votes) - 5 Mistakes to Avoid when Dealing with a Debt Collector - by Submitted on Jan 19, 2011 from Denise RichardsonDealing with a collection agency can be a stressful experience. Not only are some debt collectors rude, but endless demanding telephone calls and letters can shake even the toughest individual. The stress and confusion that debt collectors can cause often results in consumers making mistakes ...
Views: 2125(2 votes) - Bankruptcy - How To Succeed 2 - by Submitted on Sep 28, 2009 from Peter RadfordHistory: Continued Since such banking practices were common in Italy, it has been suggested that the Italian words banco rotto, or broken bank, represents the true meaning of the term bankruptcy. Alternatively, some derive the word from the French banque, or table. Finally, it has been ...
Views: 1211(1 vote) - Be careful with credit cards over Christmas 'to avoid New Year debt' - by Submitted on Jan 13, 2011 from Thomas PhillipsonA big spend at Christmas can lead to a bad start to next year, one group has suggested.People should ensure they do not spend too much over the festive season in order to avoid tough financial times in the New Year.This is just some advice from Connections Uniting Care in Windsor, which helps a ...
Views: 721(1 vote) - Best Debt Program - How To Find The Most Reputable Debt Management Companies - by Submitted on Sep 07, 2009 from Keith GarrowThere are thousands of companies offering debt programs in both the US and the UK, but how can you tell which ones are going to get the best results? More importantly, how can you make sure you avoid those companies that have no interest in getting you out of debt, but just want to sign you up ...
Views: 1099(3 votes) - Can A Collection Agency Sue For Debt – Strategies To Help Avoid Being Sued For Debt - by Submitted on Aug 07, 2009 from Keith GarrowHaving a debt collection agency phoning you up every hour of the day is bad enough, but being sued by them is something altogether more serious. In most cases, a collection agency will be chasing a debt on behalf of the company that the money is owed to. The debt is still owed to the original ...
Views: 1079(2 votes) - Can You Be Sued For Credit Card Debts? Not If You Negotiate Credit Card Settlement First - by Submitted on Aug 11, 2009 from Keith GarrowWhen credit card debts go unpaid, it is not at all unusual to be threatened with legal action. When this happens, it is reasonable enough to wonder if they really can sue you or whether this is just another ploy to scare you into paying back the money they are chasing. Debt collection agencies ...
Views: 849(1 vote) - Credit Card Act of 2009 - by Submitted on Aug 06, 2009 from Jack CravenThe Credit Card Act of 2009 is an amendment to the Truth In Lending Act (TILA) of 1968. The TILA is a federal law that is designed to protect consumers in transactions by requiring clear disclosure of key lending terms along with all associated costs in obtaining credit. The purpose of the ...
Views: 1264(1 vote) - Credit Counseling WARNING: “Lies Exposed!” (Watch Out for these "Debt Consolidation" Traps) - by Submitted on Jan 15, 2010 from Jesse Niesen(The shocking, whole-truth Credit Counselors don’t want You to know about Debt Consolidation) You’re deeply in debt, wondering which way to turn. You’re confused, worried, and so stressed out you can’t think straight. What do you do? Most people first think of the words "debt ...
Views: 2413(3 votes) - Credit Repair Mindset - by Submitted on Jan 21, 2011 from Matthew WierzbinskiYou have to consider your whole situation when you are thinking about undertaking credit repair. Do you have the time to do it yourself? Do you want to learn how to do it yourself? Are you comfortable doing it yourself? That is the same as asking if you have enough confidence to feel you ...
Views: 1543(2 votes) - Debt and Happiness - by Submitted on Feb 08, 2010 from Jason LowryI can tell you from experience debt can keep you from enjoying the present moment. You can spend all of your time worrying about how much money you owe, how the bills are going to be paid, how long it will take to pay off the debt. All of this worry keeps you from enjoying life now. So how do ...
Views: 1240(1 vote) - Debt Consolidation Programs - The Confusions and The Helpful Answers - by Submitted on Jun 13, 2007 from Jacob HaleNot to anyone's blame, the phrase "Debt Consolidation Program" is typically misunderstood and can be quite confusing. The three-worded term packs more of a punch than just "putting all your bills together." The reason for this confusion is because there are different aspects and different ways ...
Views: 1125(2 votes) - Debt Negotiation Advice - How To Use Debt Negotiation to Become Financially Free - by Submitted on Aug 25, 2009 from Keith GarrowDebt negotiation is an approach that is used every day to help people deal with serious debt problems. The main principle involves negotiating settlement agreements with your creditors to get them to significantly reduce the size of your debt in exchange for a prompt repayment, usually a lump ...
Views: 768(2 votes) - Debt Payment Plans - Advice And Tips For Using A Payment Plan To Get Out Of Debt - by Submitted on Aug 28, 2009 from Keith GarrowDebt payment plans are a way of consolidating your debts into an affordable monthly payment. They are generally known as debt management plans, and are a widespread and successful way of tackling debt in the US and in the UK. In this article I want to explain how debt payment plans work and ...
Views: 769(3 votes) - Debt Priority - Emergency Hierarchy Of Debt - by Submitted on Jan 31, 2008 from Mike KillianWhat do you do when all of a sudden the month is just beginning and the $$$$'s are gone? You put the emotion away and get crackin' with bill priorities and some cold hard facts about your bills... and maybe even the priorities in your life. Believe it or not, some bills are definitely more ...
Views: 2126(2 votes) - Debt Reduction – the # 1 Way of Eliminating Debt!? - by Submitted on Dec 01, 2010 from Keelan CunninghamReducing Debt is a No. 1 priority for anyone who wants to be financially free. There are a few different debt reduction techniques that are very popular. Here we examine one ultra-simple d technique known as the ‘debt snowball’ method and ask whether it is the # 1 method of eliminating debt? ...
Views: 1517(3 votes) - Debt Settlement - Can I Just Settle My Credit Card Debts by Myself? - by Submitted on Feb 13, 2010 from Jesse NiesenIf you have just a couple of debts, or under $10,000 in total unsecured debt, then you could try to talk to your creditors directly to settle the accounts yourself. However, if you have over $10,000 in debt, especially if you have over $25,000 in total debt, or you just need the structure ...
Views: 1973(2 votes) - Debt Settlement Programs versus Debt Counseling - by Submitted on Aug 13, 2007 from steve bisTwo of the most common forms of debt relief are debt settlement and credit counseling, sometimes referred to as debt counseling. While many people have heard of these debt relief methods most do not know what they are or what the differences between the two are. I often get asked which is ...
Views: 4779(2 votes) - Do You Really Understand Money? - by Submitted on May 04, 2010 from David SamuelWhat is important in getting something is understanding what it is. If you do not understand something, it is impossible to get it other than by luck, and luck is too unreliable to base your life on. You must understand money and what it can give you. Money does not only give you the ...
Views: 2534(2 votes) - Erase Bad Credit Reports – Is It Possible To Wipe Out A Poor Credit Record? - by Submitted on Jun 11, 2009 from Keith GarrowWould you like to erase your bad credit report? Yes of course you would – who wouldn’t. Unfortunately that does not mean that it is possible to do so. You can take steps to improve and help build up your credit rating, but there is nothing you can do to just erase a bad credit report. So why ...
Views: 2964(1 vote) - Free Money To Pay Off Debt – Is It Really Possible To Have Any Of Your Debts Paid Off? - by Submitted on Jul 30, 2009 from Keith GarrowBeing in debt can be a highly stressful experience, not least because it is often impossible to see any way out of it. When your debts build to a certain point it is easy to feel that you are never going to find a way of getting enough money to pay back the amount that you owe. At times like ...
Views: 884(2 votes) - Government Debt Management Help And Advice - by Submitted on Aug 20, 2010 from Keith GarrowNo matter how good your money management skills are, there might come a time when you'll find yourself with more debt than you can handle. This is especially true if you live in an economy wherein people rely mostly on their credit cards to make purchases. What are you supposed to do if such ...
Views: 1248(1 vote) - How Do I Consolidate My Debts? - by Submitted on Jun 03, 2009 from Keith GarrowIn many ways a better question might be ‘should I consolidate my debts’, rather than ‘how do I consolidate by debts’. Debt consolidation is a relatively straightforward process in itself, made as simple as possible by the loan companies who are eager to offer you a loan. However, before you ...
Views: 1066(1 vote) - How to Avoid Being Broke & Stupid: "Secrets of the Rich" for those Deep in Credit Card Debt! - by Submitted on Jan 13, 2010 from Jesse NiesenWhat's the most powerful force in the Universe, and does it work for or against you? When asked what he thought was the "most powerful force in the universe," Einstein replied, "Compound interest." Startling Statistics: (According to the Federal Reserve) • 49,000 U.S. Households ...
Views: 2820(2 votes) - How To Get Out And Stay Out Of Debt - by Submitted on Jan 29, 2010 from Candace CzarnyMost of us are in debt and we are painfully aware of it. With rising credit card balances and lower salaries, the math just doesn't add up to a positive financial statement – for anyone. But just because you're having troubles now with your debt doesn’t mean this has to be the case forever. You ...
Views: 1193(2 votes) - How to Get Out of Debt with Ease - by Submitted on Jan 21, 2011 from Joseph HernandezMany people want to know how to get out of debt very fast. Is it too late for those who are deep in debt? On the contrary, the fact is that it is never too late to start. The following are some of the steps that will help you get out of this dilemma: Start paying off your debts in a more ...
Views: 855(1 vote) - How to improve your credit score? - by Submitted on Feb 09, 2010 from chandan saudThe credit bureaus provide the credit report and the statistical analysis related to the information based on the same is known as credit score. The score decides the creditworthiness of the person, be it a student, professional or anyone else. Credit card companies use the scores to calculate ...
Views: 1377(2 votes) - Know About Pros and Cons of Debt Settlement Program - by Submitted on Nov 22, 2010 from Catherine WoodwardThe overwhelming debts have taken a toll on your financial situation. You might be looking for a debt relief program that would help to reduce your debts. If you are keen to lower your outstanding balance as well as the interest rate then try to enroll with a debt settlement program. But before ...
Views: 963(1 vote) - Letters To Write To Creditors - Advice About Negotiating Debt Settlements - by Submitted on Aug 13, 2009 from Keith GarrowWhen you are deep in debt and trying to find a way out of it, one option is to see if you can reach an agreement with your creditors yourself. This is a very positive step, and is certainly better than ignoring the situation and hoping that it might go away. If you are able to reach agreements ...
Views: 1008(1 vote) - Negotiating Credit Card Debt Yourself - Advice On Dealing With Credit Card Debt - by Submitted on Oct 12, 2009 from Keith GarrowIt is amazing how quickly credit cards can turn from being a wonderful way to get the things you need to being a terrible burden hanging around your neck. Credit card debt builds up gradually but can become a huge problem that can even lead to personal bankruptcy. Even if you can still afford ...
Views: 959(1 vote)