Archive for the ‘Debt Management’

  • Debt Management Scams: Tips for Avoiding Them>
    Debt Management Scams: Tips for Avoiding Them
    There are a number of instances where people seeking bankruptcy consultation have ended up being unsuccessful in their attempt of regaining control over their finances with the help of debt management companies. In majority of the cases, these people find themselves in deeper troubles with an increase in the amount of debt; all these after paying a hefty amount to the debt management companies as fees. You should avoid a debt consolidation organization if it possesses any of the features discussed below: Charges excessively high monthly or up-front fees for being enrolled for debt management or credit counseling programs Pressurizes you for making voluntary contributions, which is actually another name for consultation fees Doesn’t send free info regarding the services provided by them without  [...]
    at May 30th, 2011 at 05:05 am
  • Pay off credit card debt, stop whining about it>
    Pay off credit card debt, stop whining about it
    I’m going to be flat out honest with you guys. I haven’t got a scientific formula down for this, but I’m pretty damn sure I’m right. Come to think of it, the last time I was wrong was when I thought I was wrong. But I digress…long story short, I’m sure that there’s a strong correlation to be found between those with a sorry financial situation and whining about the manner in which big banks have ensnared them in this mess they find themselves in. Wall Street and all the financial fat cats in the world are always to blame. Now don’t get me wrong…I think most of them are dirt bags too. But I’d rather pay off credit card debt than whine about my lot in life. And why just credit cards? Mortgages, investments, anything financial that has gone wrong with us is never our fault.  [...]
    at February 2nd, 2011 at 05:02 am
  • New Debt Management Plan in Atlanta: Remedy for Debt Burdens>
    New Debt Management Plan in Atlanta: Remedy for Debt Burdens
    We often find ourselves in deep waters while managing our debts. One can be in real trouble I he is not guided by an experience debt managed advices, which will help him to create an effective debt management plan. This is a common problem in all families as the earning members go crazy to search for a suitable debt management plan. Recent news caught my attention that explained about debt management plan. This debt management plan has been designed to help the consumers of Atlanta blighted by heavy debts. This comprehensive plan will assist consumers by in simple and easy steps to manage their debts. Moreover, lenders are willing to offer reasonably low rates of interest to the consumers who enroll themselves in this debt management plan. It is expected that consumers who enroll themselves  [...]
    at January 19th, 2011 at 12:01 am
  • Know Your Rights to Fight Debt Collectors>
    Know Your Rights to Fight Debt Collectors
    Repaying debt has become more difficult for most consumers, especially in an economy where no one except for economists are talking about recovery. Debt collectors are getting more and more desperate, and sometimes they are just downright cruel. Although they are just doing their job, it’s quite a dreadful situation for debtors to manage both debt and collection agencies simultaneously. Debt collectors’ harassment complaints have increased by over 50% last year, as per the data revealed by Federal Trade Commission. The problem is, however, not many consumers are aware about their rights while dealing with debt collectors. It’s legal for them to call you time and again to ask for payment, but they cannot call at your workplace or use abusive language, even if the debt you owe is in millions. Debt  [...]
    at July 21st, 2010 at 12:07 am
  • Loan Debt Consolidation>
    Loan Debt Consolidation
    Most of those with serious debt seek help from debt consolidation companies and avail a consolidation loan to eradicate grave consequences. It is, however, very likely that this loan to eradicate debt can turn into a debt itself. A debt consolidation loan can become loan debt consolidation as well. And if such situation arises, you probably have very limited sources to approach, within limited time. For people who are unaware about how debt consolidation, take a few seconds to know about. When you consolidate or combine all small loans into a bigger one, it’s debt consolidation. You don’t have to bother about due dates and repayment issues of every creditor individually. Pay just one bill in a month, and the proceedings would be taken care of by debt consolidation companies. So, how would  [...]
    at May 11th, 2010 at 04:05 am
  • Credit Card Debt Relief Program by Obama, What Is It?>
    Credit Card Debt Relief Program by Obama, What Is It?
    We all have heard about the new credit card debt relief plan introduced by our beloved President Obama. However, not many people know what is it and how it would help common people. So, let us understand about it meticulously, and outline the major benefits. Although this plan cannot be said to be the most useful thing for debtors, it definitely provides some relief. One can erase personal debt up to 50% to 60% legally, without any chaos. Legally? Without chaos? Without affecting your credit score? How is it possible? Why would credit card companies do such a thing? It means a huge loss for them. I know it’s bit difficult for you to comprehend the situation. But let us try to make it simpler and precise. About a year ago, when Mr. Obama was selected to be the president of the United States  [...]
    at May 10th, 2010 at 07:05 am
  • Credit Card Debt Consolidation Services: What Happens When You Seek It?>
    Credit Card Debt Consolidation Services: What Happens When You Seek It?
    It drops considerably, right? Due to this conception most of us don’t approach credit card debt consolidation services, and continue to struggle with repayment of debts. There is a variety of options available to an individual to repay his debts. However, because we aren’t aware about them, we don’t use it. And what about the ones we are aware about? We don’t use them because we have some weird misconceptions. Most people believe seeking help from credit card debt consolidation services would ruin our credit scores. This may happen only if you aren’t aware how debt consolidation works, or how credit score is derived. If you utilize your credit balance up to the limit, your score would definitely fall. They, the credit bureau, assume you need more credit to make ends meet. A credit  [...]
    at May 10th, 2010 at 03:05 am
  • Troubled Debt Restructuring – An Essential Guide>
    Troubled Debt Restructuring – An Essential Guide
    Troubled Debt Restructuring, or TDR, is a form of concession or discount on debt provided by the lender to the borrower, after reviewing his repayment capability and financial hardships. Such discounts on debts are offered on the loans that the borrower is unable to repay on time. Many times, troubled debt restructuring is given on loans that aren’t past due, but are about to happen, in order to get the loans back on normalcy. Lenders provide debt restructuring to borrowers in two ways. In first case, a valuable asset of the borrower is secured by the lender much before the loan is eradicated. Later, when the borrower fails to repay the loan amount, his asset is sold or used by the lender, to get the money or recover for the losses. This type of Troubled Debt Restructuring is not different  [...]
    at May 6th, 2010 at 01:05 am
  • Pamela Anderson Debt Reaches Around $500,000>
    Pamela Anderson Debt Reaches Around $500,000
    California officials recently revealed Baywatch star Pamela Anderson has outstanding income tax amounting to $493,000. This information was revealed by California Franchisee Tax Board, who also mentioned that five construction companies have filed lien against her house, greatest debt among them being around $674,000, which was used to buy material and labor to modify her home, foundations for her rooms, and building swimming pool. She has appointed tax attorney Robert T. Leonard to handle the proceedings. He has, however, refused to comment any further on the issue. Though she doesn’t expect her new fragrance, Malibu, to repay all her debts, something would be recovered at least. Pamela Anderson debt is too huge to be recovered just be her fragrance. She, however, doesn’t like to owe any  [...]
    at April 27th, 2010 at 01:04 am
  • Debt Management Consolidation Credit Card Plans>
    Debt Management Consolidation Credit Card Plans
    All our shopping today is done with plastic, credit card that is. One isn’t enough to meet our needs, so people have 5, 6, or even dozens of credit cards. Hence, it’s no wonder why people are laden under huge credit card debts. This debt keeps mounting every month and eventually repayment becomes unmanageable. If this problem sounds similar, you can probably seek help from debt management consolidation credit card. By using debt management and consolidation services, an individual is able to get rid of all his debts and annoying calls from the creditors. However, it’s quite vital to know more about such debt consolidation loans before you avail them. You are probably making many payments as of now. However, by availing a credit card debt management loan, you have to make just one payment  [...]
    at February 23rd, 2010 at 10:02 am