Debt Consolidation

Three Most Common Scams Of An Unscrupulous Debt Settlement Company

If you are considering using the services of a debt settlement company, it is very important for you to understand that the programs offered by such companies are not meant for everybody. Before you sign up for this type of program, you must first review the various aspects associated with it. Only then you will be able to make an informed decision if it can really be the right option for you. Besides that, the problem only gets worse when we add to it the reality that many of these companies are unscrupulous and scams with the only objective to make money from you. ...Read more>>

How To Research Debt Settlement Companies And Choose The Best One?

Considering the very fact that there are hundreds of debt settlement companies available out there and that many of them are scams, it is definitely not at all an easy task to choose the best one out of them. There are plenty of things that you need to take into your careful consideration in this regard. A thorough comparison-shopping is must. You can take much pain out of the process by keeping in mind the following tips. ...Read more>>

How Credit Debt Settlement Programs Affect Your FICO Score?

In order to know the effects of credit debt settlement on your FICO score, you must first understand what exactly these programs are and how they work. When you sign up for a program like this, you can settle your entire debt with a creditor by paying a significantly reduced amount of money in one lump sum. Though you have an option to do the negotiations with your creditors on your own, it is not at all an easy task and your chances of success is very low unless you have exceptional negotiation skills and you know how to make a reasonable proposal. ...Read more>>

Credit Card Debt Settlement Laws

If you are considering using a credit card debt settlement program, you must be well aware of the laws that are applicable in these types of cases. Though there are several legal provisions regarding forgiveness of debts in the US code of law, it can be a tricky slope to navigate. It is legal to offer settlement services, but there are laws to regulate the activities of such companies. Besides that, there may even be some kind of tax obligation after you have settled the debts by paying a certain percentage of the actual total due in one lump sum. ...Read more>>

Ways To Avoid Scam Artists And Choose A Genuine Debt Settlement Attorney

When debts go out of control, a debt settlement attorney can help. But, considering the very fact that the laws to regulate the services of these attorneys are not very effective, it creates some easy opportunities for the scam artists. Therefore, you have to be very careful before you sign up with one. ...Read more>>

How To Write A Proposal Letter To Your Creditors For The Settlement Of Debt?

Creating a proposal offer to your creditors regarding the settlement of debt is not at all an easy task. After all, you are trying to negotiate a deal where the creditors apparently have to bear some loss while you get the benefits. You have to make the offer in a way to convince them that you are going through a very bad financial situation and that your proposal is in the best interest of both the parties. ...Read more>>

How To Respond To A Debt Settlement Offer?

If you have not made any payment toward a debt account for several months despite all those collection calls, the debt collectors are very much likely to make a debt settlement offer to you. As part of this offer, they may provide you an option to settle your entire debt by paying a reduced amount of money (less than what is outstanding in your name). You may be wondering why a lender or a debt collector would make such an offer that seems like a loss to them. Yes, it is true that by making this offer, they are actually agreeing to bear some loss, but they have their reasons. ...Read more>>

How To Obtain A Debt Settlement Quote?

There is a specific procedure that you need to follow when it comes to obtaining a debt settlement quote from a debt consolidator. The first thing that is very important for you to keep in mind is that consolidation and settlement of debts are two different processes, but you can avail both types of programs from the same agency – that’s possible. In fact, it is also possible that you contact an agency for a settlement offer and the agency instead suggests you to go for a consolidation program. Such things happen when the agency reviews your debt and financial information and finds that you do not meet the qualifying criteria required for a settlement program. Therefore, you will have to be very careful while you are applying for quotes from different debt settlement companies. Following are some of the important things that you need to keep in mind in this regard. ...Read more>>

6 Things To Keep In Mind While Writing A Debt Settlement Letter

If you are considering writing a debt settlement letter to your lenders so that you can get rid of your debt problems, you have to be very careful in your approach. Settling your debts through such programs can be a very effective way, but it is very important for you to keep in mind that such options are not available to all debtors. There are certain specific criteria that you must meet in order to qualify for these programs. There are plenty of factors that you need to take into account in this regard. You have to write this letter in a way that can effectively convince the lenders to give your proposal a serious consideration. Following are some of the very important things that you need to keep in mind while you are writing it. ...Read more>>

Debt Consolidation Loan Vs Debt Settlement Program – Which Option Is Better?

Don’t panic if you are in knee down in debt and highly stressed out. You need a calm head to work out a solution for your problem. There are several ways to get out of your debt problems, no matter how bad it is. Debt consolidation loan programs and debt settlement programs are the two best options available for you. While the former option allows you to restructure your debt and make the repayment in easy monthly installments (for a longer period of time), the later one allows you to reduce the total outstanding balance but requires you to pay off that reduced amount in one lump sum or in installments (for a shorter period of time) as a final settlement of the debt. People often get confused with these two processes; many think they are the same. ...Read more>>

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A Loan To Defeat All Loans Debt Relief Loan
Payday loans fax-free payday loans and instant online payday loans are everywhere be it on the Internet newspapers or television. Today when the economy is in turmoil these loans look like the saving gra... Read more

Do Not Put Up With Debt Collectors Harassment
There was an emergency and the need arose to take a payday loan. It seemed to be the fastest and the best option available then. However now the debt collectors harassment is horrendous. The fact that using t... Read more

How Debt Consolidation Loans Help
Debt consolidation loans help streamline all your various bills into one. Instead of handling several vendors and keeping track of various payments each month debt consolidation loans consolidate all such bill... Read more

How To Get Rid Of Payday Debt Collecting Agencies
Are payday debt collecting agencies making you mad Do you realize that you should not have taken the payday loans in the first place Do you have multiple payday loans pending for repayment Do you still rely... Read more

How To Pick The Best Debt Consolidation Company
If youre looking out for techniques on how to lose your debt issues where the primary perpetrators are the short term money advances with sky-high IRs you can like to think about debt consolidation pay day l... Read more

What are the pros and cons of debt consolidation?