Let’s talk about how to rebuild credit. You know, sometimes life throws you some big whammy’s and makes it impossible to pay your debts. After you miss enough payments your creditors will surely start getting aggressive in their tactics to ascertain payments from you. The average credit score in the US is 687. If you start missing payments your score will start plummeting and eventually if you just can’t pay your … [Read more...]
Debt Settlement vs. Bankruptcy
Debt Settlement vs. Bankruptcy If you have a ton of debt and very little if any means to pay the debts off at some point, probably sooner than later, you'll need to attack the debt either through negotiating with your creditors for lower balances through debt settlement or to go for a clean break with bankruptcy. Chapter 7 is the most effective way to wipe as much of your debt as possible. Where does debt settlement … [Read more...]
Get your Credit Counseling on
How Credit Counseling Helps Consumers? Amidst today’s tough economic times, consumers are increasingly finding themselves unable to meet their financial obligations. Sudden illness or injury, layoff, and pay cuts can wreak pecuniary havoc on the best people. With overall unemployment and underemployment rates at record highs, folks are seeking professional assistance just to maintain modest standards of … [Read more...]
Debt Counseling
Debt Counseling Reduce the Burden of your debt- Take debt counselling Most people avoid taking large amounts of debts to pay for their everyday expenses. Having a stronghold of personal fiscal responsibility is considered by many as a strong character aspect in today’s world. In recent times, economies all over the world are undergoing major financial crisis and recessions that dramatically shift their paradigm. … [Read more...]
Consumer Credit Counseling 101
Consumer Credit Counceling 101 Here we will go over what you can expect when you go through a consumer credit counceling program. The first step is realizing that you are having too big of a financial challenge and it's time to reach out for help. Step1: Find a reputable firm to work with The Justice Department has a list of approved consumer credit counceling programs throughout the US. Here is a link to their … [Read more...]
Debt Solutions for the New Year
Debt Solutions for the New Year! Have you missed a payment or two on some debts that you owe? Is your new years resoluiton to get out of debt? When you are looking for sensible debt solutions there are 4 main ways to get rid of it. We are going to go over the different ways and the impact they have on your financial life. 1. Pay it off on your own If you have the ability to pay off your debt by yourself with only … [Read more...]
Top 3 tips for choosing debt companies
Top 3 tips for choosing debt companies - Do you need help getting out of debt? You may want to look at debt companies as a solution. A good one will have a lot of experience and knowledge in what could be the best way for you to get out of debt. That being said it is wise for you to do your own due diligence before hiring one. With the economy still lagging there are still a lot individuals and families out there … [Read more...]
Debt Negotiation 101
Debt Negotiation is all about strength and weakness. It can be a stressful situation when the debt collectors keep calling and all you want to do the right thing for yourself but have no idea what that is or how to do it. On the other side of the phone are trained debt negotiators looking to squeeze blood from your turnip. With a well crafted understanding of their tactics you can stay in a powerful position. Here are … [Read more...]
Your debt negotiation options
Negotiate Debt on your terms Getting better terms for your debt can be a tricky proposition, especially considering there are several options available to you. Also, the type of debt you have will dictate the best debt negotiation tactic to consider. For instance credit card debt is considered unsecured meaning that it's typically impossible to get rid of all it unless you qualify for Chapter 7 bankruptcy. If your … [Read more...]
Help for military members with too much debt
Help for military members with too much debt When you are in debt it can weigh heavy on your mind. When you are in the military these concerns can compound. What do you do, get a consolidation loan, try to settle with your creditors, or bankruptcy? Military debt consolidation loans are an excellent way for military members to consolidate debt even if with have poor credit. If you are an … [Read more...]