Credit Card Hardship programs So you’re sitting there looking at your life and wondering “how did I get here?” Everything was going along fine and then the economy took a hit, you got laid off or your mortgage payment adjusted and the last safety net that held you up was your credit cards but now even they are raising interest rates, minimum payments and getting maxed out. What do you do? This is a tough spot to … [Read more...]
Archives for November 2010
Top 5 reasons credit cards are willing to settle
Top 5 reasons why credit cards are willing to settle with you. Have you ever wondered why a credit card company would be willing to settle with you and let you eliminate a portion, if not all of your debt. The answer lies with logic and leverage. Bankruptcies are at an all time high 5 years ago when money was growing on trees bankruptcy rates were very low so if you tried to settle with your credit card … [Read more...]
Top 5 Hints before choosing Debt Settlement
Debt Reduction Advice So you’ve got a ton of unsecured debt (credit cards, medical bills, old collections accounts) and you want to take proactive steps to finally reduce and ultimately get rid of them. You’ve seen all the commercials “cut your amount by 50%” and get those nasty creditors off your back. Debt settlement may be a great option for you but you want to be careful too. A lot of people have been ripped … [Read more...]