Debt relief articles
Showing page 3 of 25 - There are 725 Debt relief articles
-
- 2007-11-13 22:16:19 - The credit card debt termination scam
- "Legally terminate credit card debt! You can be debt-free in 4-6 months!" Advertisements like this are for a new type of program that has spread via the Internet over the past few years. It's called "Credit Card Debt Termination," and victims are paying $1,000s for this bogus service. One victim I spoke with lost more than $15,000! In this article, I'll review the principles behind this program an...
-
- 2007-11-13 22:16:19 - Two ways to debt relief
- There are many debt relief programs out there both off line and online. Sometimes it can be difficult to chose one from the other. To make a reasonable choice, you need to know your specific debt problem for example student loan debt, credit card debt or several small loans with high interest rate, which in it's turn definesthe requirements to the debt management pro...
-
- 2007-11-13 22:16:19 - A debt elimination process must be initiated from you.
- The first and maybe most important step in a debt elimination process, is to acknowledge there's a problem and realize that something has to be done with your situation. Some do it before it is too late, though an asthonishing number of people seem to act as if this is not their situation at all. They know that the need to seek advice from a debt consolidator, but they do not. The paradox is that ...
-
- 2007-11-13 22:16:19 - The human side - debt stress
- In all the technical discussion you hear about credit card debt, the best ways to manage it and pay it off and all the rest, one thing goes largely ignored. Credit card debt is extremely stressful, and can have a very negative effect on your life, if you let it. It's as bad as an addiction, always hanging over you, bringing you down, making it hard to life your life the way you want to....
-
- 2007-11-13 22:16:19 - What is debt settlement?
- Debt settlement is the process of negotiating with your creditors so that you are able to pay off a certain percentage of the debt amount that you owe. A debt settlement company will use different types of strategies to negotiate with your creditors so that you get the best outcome. You'll want to hire a debt settlement company that has arbitrators who are experienced and licensed so that t...
-
- 2007-11-13 22:16:19 - New bankruptcy law ? five essential things to know
- Last April, Congress passed the Bankruptcy Abuse and Consumer Protection Act, the most sweeping reform of our nation's bankruptcy laws in more than twenty-five years. Proponents of the bill argue that most consumers who file for bankruptcy do so simply because they do not wish to pay their bills. That is an arguable point, as studies show that most bankruptcy filers have suffered illness, injury o...
-
- 2007-11-13 22:16:19 - Bankruptcy - the new scarlet letter
- Nathaniel Hawthorne's book The Scarlet Letter states in Chapter 2, "On the breast of her gown, in fine red cloth, surrounded with an elaborate embroidery and fantastic flourishes of gold thread, appeared the letter A." The letter A stood for the word adulterer and represented one of the worst insults in society. One would have thought that today we are a lot more civilized ...
-
- 2007-11-13 22:16:19 - Credit card debt & the unfairness of the universal default clause
- Let's look at a real world example: A woman purchased a new $4,000 large screen TV a few months ago based on the knowledge her monthly payment was going to be $175, and based on the 9% interest rate charged by her credit card company. For five months straight she made all her payments on time, but in the fifth month she was late paying her mortgage bill, for reasons unknown. She found out a month ...
-
- 2007-11-13 22:16:19 - Ten ways to get out of debt
- 1) Use your AssetsIf you have assets with some significant equity, such as a home or a car you may be able to use these to get control of your debt. For example, you could get a loan on your home sufficient to pay off your debts. You could be saving a considerable amount of money on interest if you pay off high interest credit card debt in return for lower cost debt.If you hav...
-
- 2007-11-13 22:16:19 - The five most popular questions about bankruptcy
- WILL MY CREDITORS STOP HARASSING ME?Yes, they will! By law, all actions against a debtor must cease once bankruptcy documents are filed. Creditors cannot initiate or continue any lawsuits, wage garnishees, or even telephone calls demanding payments. Secured creditors such as banks holding, for example, a lien on a car, will get the stay lifted if you cannot make payments.WI...
-
- 2007-11-13 22:16:19 - Reduce your debt with these 5 tips
- It's never pleasant to realize that you're in financial hot water, but pretending the situation doesn't exist is NEVER the way to deal with the problem. If you're having trouble meeting monthly payments, find yourself borrowing or using credit cards to meet daily expenses, or have one or more of your credit accounts turned over to a collection agency, it's time for you to get proactive and bring y...
-
- 2007-11-13 22:16:19 - Is there a way out of your debt problems?
- Do you have multiple debts? Do you have just one large debt which you could afford, but your circumstances have since changed? Are you finding it harder each month to meet the payments on your debts?You know debt is a problem, but maybe do not have any idea what the best way out is. Financial problems rarely just go away, so a solution of some beneficial sort is needed. Otherwise the proble...
-
- 2007-11-13 22:16:19 - Five hot tips to get out of debt forever
- The financial and psychological burden of being in debt causes us and our families continuous emotional stress. That stress eats away at the quality of our lives and leaves us feeling powerless, angry, depressed and helpless.But there is a way out ? in fact, there are five simple and straightforward ways out of debt - and if you apply this five point plan to your life today you will have ta...
-
- 2007-11-13 22:16:19 - How to pay credit card debt off
- If you are determined to pay credit card debt off you are making the best financial decision of your life. The reason credit card debt is so bad is because it carries such a high interest rate.The quickest way to take back control of your finances is to pay credit card debt down or get rid of it completely. Here are the best and quickest ways for total credit card debt elimination.El...
-
- 2007-11-13 22:16:19 - Bad credit home loan to get you out of debt
- A "bad credit home loan" can help you climb your way out of debt and get you started back on the road to upstanding, good credit. There are many lenders who are willing to make bad credit home loans to you - a loan based on your equity in your home even if your credit has slipped or isn't as perfect as it could be. By taking out a bad credit home mortgage or home equity loan, you can consolidate a...
-
- 2007-11-13 22:16:19 - 5 ways to get out of debt
- It has been said that everyday more and more people in the world are getting into unsecured debt. Once reason for this is the relative ease in which credit card companies and banks are extending credit to their customers. In fact, it was reported in the newspapers that in a test, a person was able to amass 15 credit cards in one afternoon quite easily.Are you in severe debt? This article wi...
-
- 2007-11-13 22:16:19 - 5 methods toward reducing your debt
- Decreasing your debt is paramount to having a good credit rating as well as giving you peace of mind. You want to get out of debt, but not all debt reduction options may be beneficial. Let's take a look at five debt reduction options which may help you in your quest to get out of debt.1. Consolidate Loans. Before declaring bankruptcy, consider pulling together all of your outstanding loans ...
-
- 2007-11-13 22:16:19 - Debt elimination 3
- Planning To Achieve Debt EliminationOnce you have started the process of changing your debt mindset to be against taking on consumer debt, then that is something you need to continue until it becomes the norm in your life. In some ways it is like stopping smoking; trying on will power alone is not enough, you need to get to the source of your problem and permanently change it. That i...
-
- 2007-11-13 22:16:19 - Debt elimination 2
- The First Step To Debt EliminationRegardless of your personal and financial circumstances, your education and your background, the chances are the first step you need to take in debt elimination has to take place in your mind. The Western mindset, especially in the US and UK, is firmly fixed on consumer debt. It is the way you have been reared in a debt ridden society.To be re...
-
- 2007-11-13 22:16:19 - Debt elimination 1
- If you have multiple debts, you may well be wishing you had a debt elimination wand to wave and make all the debts disappear. You would probably wish even harder for that magic wand if you were falling behind with, or at least struggling hard to keep up with, the monthly payments on those debts.The notion of debt elimination, though, is in most cases a fanciful one, at least in the short te...
-
- 2007-11-13 22:16:19 - Debt management systems
- What is a debt management system, and when do you need it? Like any kind of management system, debt help systems can be good or bad. We will take a look at what you can do to manage your debt better. One element is paying off debt, but that's not the only one. It is much more than paying off your credit cards, and doesn't end when you pay off your mortgage or car loan either. You have to make a sy...
-
- 2007-11-13 22:16:19 - Get debt free
- If you once have been caught in the debt trap, how do you come out of it and be debt free? We are different and each of us has our own lifestyle and our own financial state, so the way to debt elimination is different from person to person. One plan will be good for some, but not for others. You have to be certain that the plan you choose, whether it is debt consolidation or another plan, will be ...
-
- 2007-11-13 22:16:19 - New bankruptcy law makes it harder to stop foreclosure
- On October 17, 2005 President Bush's sweeping bankruptcy reform law goes into effect forever changing the rules of debt collection in this natiion. Consumer advocates and the public appear to be completely unaware of the total and complete victory of the creditors under the new legislation. This article opens the door to the Trogan Horse so that consumers can prepare themselves for the worse....
-
- 2007-11-13 22:16:19 - Debt elimination
- If you're reading this article right now I'm sure that you are looking for a debt elimination system that will help you get out from under you personal mountain of debt. Hopefully you're not looking for the magic pill that will suddenly dissolve your debt problem. I'm afraid that I have to tell you that there is no magic debt elimination system.We get into debt either by our poor spending h...
-
- 2007-11-13 22:16:19 - Solutions to single mothers in debt
- As a single mother, lets admit it, times get tough. You are fortunate enough to have your children that mean the world to you, but it doesn't come cheap. Of course you'd do anything to keep them safe, even if that means struggling financially to support their well being. Debt can get out of hand fast and with only one income it's hard to pay monthly rent, mortgages, utilities, and food expenses on...
-
- 2007-11-13 22:16:19 - Help for the single mother with managing credit and debt
- Today's consumers benefit drastically from the usefulness of credit. Credit cards are especially useful for large purchases, emergency situations, making reservations, identification, and protection from fraud. Unfortunately, millions of consumers abuse credit cards beyond their financial earnings. The use of credit results in costly interest payments and late fees, impulse buying, overextended li...
-
- 2007-11-13 22:16:19 - Debt problems? you can negotiate with your creditors
- It is always possible to negotiate with creditors ? even if they have already taken you to court to get a judgment or to garnish your wages.Getting a creditor to reduce your monthly payment helps and does provide short-term relief. However, this is only a temporary measure and you need to remember that the interest on your debt will continue to pile up.You need to negotiate settlemen...
-
- 2007-11-13 22:16:19 - What you should know about bankruptcy
- Filing bankruptcy is not only a last resort legal action; it is also a very complicated legal action that definitely needs the expertise of a lawyer. When thinking about bankruptcy, you first need to decide if bankruptcy is right for you. If it is, then you need the help of an attorney to decide which type of bankruptcy is required for your particular situation.The decision to file bankrupt...
-
- 2007-11-13 22:16:19 - Is debt negotiation bad?
- Educating yourself about the ins and outs of debt negotiation is a good first step. Please note that the term 'debt negotiation' is also known as debt arbitration or debt settlement.For starters, a lender has little motivation to arbitrate anything less than the full amount unless the person is two to three months behind in payment.To answer your question is debt negotiation bad? You...
-
- 2007-11-13 22:16:19 - Personal bankruptcy ? if its unavoidable, file now
- The Bankruptcy Abuse and Consumer Protection Act, signed into law by President Bush last April, promises changes to Federal bankruptcy law that have been long sought by the lending industry. The bill promises sweeping changes to Federal law, and will make it much harder for the average consumer in financial trouble to have their debts wiped out by filing for bankruptcy. Recent trends suggest that ...