Debt Consolidation

Articles courtesy of Steven Smith

Debt Consolidation - All The Information You Need On Debt Consolidation

Considering Debt Settlement? What You Should Know


Debt Consolidation


Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 57

Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 57

Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 57

Your credit card bills are stacking up and for whatever reason you don't have the means to pay the debt. You definitely have choices when you are in this predicament. You can choose to do nothing and hope for the best. Unfortunately, this can cause you a bunch of headaches because creditors will pursue you with unrelenting fervor. When the creditor gives up, they will generally pass the account over to a collection agency. Their pursuit is even more relentless because in most cases they have purchased your account. If you choose to do nothing, prepare yourself for many sleepless nights. There are alternatives that are less stressful and that can get you out of debt.

A better alternative to doing nothing about debt is one that benefits both you and your creditors. Negotiating a debt settlement plan with your creditors can help you dig yourself out of the hole you're in. How a debt settlement works is simple. You inform the creditor that you want to pay the debt, telling them exactly how much you can afford. The creditor accepts or rejects your payment plans and you begin making payment. If you have debt of more than $5, 000 you may think it would take years to pay off the debt. Actually, the amount of your debt probably includes late and over-the-limit fees, and other charges. Creditors will often work with you and may reduce or completely eliminate these charges. This can significantly lower your balance. If your account is associated with a high interest rate, it is possible that the creditor may also lower this amount for you.

You have choices when you consider a debt settlement. There are companies in just about every major city that offer debt settlement services. These companies do all the legwork for you. You sit back and save your money and when instructed to, begin making payments towards your debt. While you are saving your money the debt settlement company negotiates the plans for you. Independent companies that perform debt settlement services don't do so for their good health. They will generally charge you an initiation fee. Depending on the company, your monthly settlement payment may include a fee as well. Be prepared to do some research if you choose to work with one of these companies. There have been reports of scams.

A more secure and less expensive method for debt settlement is to go through a consumer credit counseling agency. Of these, Consumer Credit Counseling Service (CCCS) is the most well known. This is a non-profit agency whose main focus is to help people get out of debt. CCCS offers a Debt Management Program (DPM) that works similar to a debt settlement. Depending on the office in your area, you may or may not have to pay a fee. If you do it is typically very insignificant. An advantage of using CCCS is that they will help educate you about financial matters.

An even cheaper way to initiate a debt settlement is to contact your creditors yourself. Many people are unaware that they can negotiate with their creditors. You don't have to seek professional assistance. There are a few ideas you want to keep in mind if you decide to proceed on your own. Make sure that the payment you agree to is what you can actually afford. Once you and the creditor agree on a debt settlement plan, it is a good idea to get the terms in writing. Many creditors will generate a letter detailing the agreement, but if they don't', simply type of the terms and send it to them certified mail, requesting their signature.

Sound good so far? Before you start envisioning yourself debt free, it's a good idea to consider the pros and cons of debt settlement. On the positive side, you don't have to worry about the annoying calls from creditors. Since you agree to a specific plan of action for your account they have no reason to call you. Another good point for debt settlement is that the terms are based on what you are able to pay. You design a budget and determine what you can afford. This also relieves some stress since you're not stretching to pay your bills.

There are some disadvantages to debt settlement. Although you establish a payment plan with creditors, there is the possibility that they will report your account as "Not Paid As Agreed," which is viewed as negative information on your credit report. This information can remain on your credit report as long as seven years. While you are making payments in the plan you should not use your credit cards or obtain additional credit. In addition, depending on your debt you may be in the plan for up to two years.

James Duggan is an author,internet marketer and membership consultant for Financial Freedom Society Inc. http://www.ffsi-rq.comFor more information on debt consolidation,personal finance,debt and credit card help visit:http://www.fix-a-debt.com







Car Insurance Rates   |   Dental Insurance   |   Health Insurance   |   Home Owner Insurance   |   Life Insurance Quote



| 1 | 2 | 3 | 4 |











Debt Consolidation Primer - Four Things You Can Do To Get Out Of Debt

Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68
Problem debt is rampant throughout America. In addition to mortgages and auto loans, the average household in the U.S. has nearly $10,000 in credit card debt. As the major credit card companies have recently doubled their minimum payment requirements, now is a good time to outline the various options available to most consumers who have more debt than they can handle.
  • Stop spending money on nonessential items. "Nonessential" is difficult to define, but it more or less means anything that isn't absolutely necessary to live. Phone bills, mortgages, and groceries are essential. Lattes at Starbucks, satellite television, and meals from fast food restaurants are not. By cutting out all extra sp...(related: Debt Consolidation)

    The Pros And Cons Of Debt Consolidation Loans

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68
    You are swimming in debt. You have 4 credit cards maxed out, a car loan, a consumer loan, and a house payment. Simply making the minimum payments is causing your distress and certainly not getting you out of debt. What should you do?Some people feel that debt consolidation loans are the best option. A debt consolidation loans is one loan which pays off many other loans or lines of credit.I'm sure you've seen the advertisements of smiling people who have chosen to take a consolidation loan. They seem to have had the weight of the world lifted off their shoulders. But are debt consolidation loans a good deal? Let's explore the pros and cons of this type of debt solution.Pros1. One payment versus m...(related: Debt Consolidation)


    Debt Consolidation - Options For Reducing Credit Card Costs

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68
    Americans are using credit cards more than at any time in history, and credit card companies are reaping record profits. One of the reasons that the credit card industry is so profitable is that so many of us use our credit cards unwisely.

    If you have good credit, you can get a credit card wit...(related: Debt Consolidation)


    Best Debt Reduction Service

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68
    There was a time when incurring debts was looked down as one of the worst crimes ever. People were punished for not repaying within the stipulated time. Charles Dickens' s father spent months in a debtor's prison because he was unable to pay off his debts. With other ghoulish crimes taking center stage, debts have become a commonplace now. However, sinking in debt has increased with the introduction of newer and scientific temptat...(related: Debt Consolidation)


    Pay Off Debt - Get Out Of Debt And Lower Your Monthly Payments

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68
    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.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 p...(related: Debt Consolidation)


    Debt Consolidation - Consolidate Your Student Loans Now!

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68
    The Federal student loan program has benefited thousands of college students in the forty years since it was introduced. Interest rates for the program have historically been quite competitive, and the program has allowed many people to acquire a college education who otherwise might not have been able to afford one.At the moment, interest rates on Federal student loans are the lowest in history, but that is about to change. On July 1, 2005, the interest rates on Federal student loans will rise, due to an increase in the price of Treasury, bills, to which the interest rates on student loans are tied.While an increase in interest rates is seldom viewed as a good thing, knowing about it ahead of can be helpful. Between now and ...(related: Debt Consolidation)


    4 Debt Reduction Tips

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/considering-debt-settlement-what-you-should-know.php on line 68
    If you are overwhelmed by debt, there are options you can take that will help you pay off what you owe without the stigma of filing for bankruptcy. We'll examine four ways you can get your debt under control and start working back on the road to financial rec...(related: Debt Consolidation)




    Google




    Debt Consolidation: Friend Or Foe?

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/34.htm on line 1

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/34.htm on line 1

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/34.htm on line 1
    Debt consolidation has become big business in this country over the last several y...(related: Debt Consolidation)

    Debt Consolidation Mortgage: Home Solutions For Integrating Arrears

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/41.htm on line 1

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/41.htm on line 1

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/41.htm on line 1
    Credit card debts, auto loans debts, secured loans debts, unsecured loans debts - debts of all sorts and types registered against your name. It is hardly a ...(related: Debt Consolidation)

    Free Yourself Of Debt And Worry With Debt Consolidation

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/68.htm on line 1

    Warning: include(inc/ads-top.inc) [function.include]: failed to open stream: No such file or directory in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/68.htm on line 1

    Warning: include() [function.include]: Failed opening 'inc/ads-top.inc' for inclusion (include_path='.:/usr/local/php5_3/lib/php') in /home/content/e/a/s/easy4u/html/stevenasmith/debt-consolidation/dynalinks/68.htm on line 1
    Debt consolidation programs can help you lift the burden of excessive debt and potentially save you hundreds of dollars a month. Debt consolidation professionals will work with you and your creditors to design a plan to help you lower your payments and reduce your debts quickly. You can become debt free sooner than you imagined and begin living a new, better life. Debt consolidation plans can be cust...(related: Debt Consolidation)

    site-map - Copyright © 2006 | Contact Webmaster | All Rights Reserved. | Debt Consolidation