Debt Collection Articles Archives

Debt Problem Warning Signs

Originally posted 2010-02-13 16:47:30. Republished by Blog Post Promoter

Many Americans have over spent during the last 3 years. It has created a major credit problem for most. Here are some important indicators to help you see if you are on the verge of major debt problems:

You have little or no savings – Very often, people fall into bankruptcy because they have some unexpected expense. If you have no savings built up, it means that any medical emergency, car accident or other unforeseen challenge will have to be paid for on credit.

You only make minimum payments on your credit card debt – When you only pay the minimum balance on your credit card debt, you are practically giving you money away to credit card companies, lenders and banks. You accrue the most interest on your credit card debt making minimum payments, and thus you really are not solving your debt problems.

You continue making credit card purchases, even though you are trying to pay off those same cards – If you were trying to bail the water out of a boat, you wouldn’t put it back into the ocean would you? The same logic applies to credit card debt; if you know you have a debt problem, put the plastic away until you can get the balance down to either zero or at least a manageable number.

You have at least one credit card or line of credit that is near or over its credit limit – A sure sign of a potentially major debt problem is when your lines of credit are all used up. If you do not have enough money in your paycheck to fund your expenses, and you have used up all of your credit lines, what will you turn to in order to make ends meet? Debt problems often begin to become obvious when a consumer has no money left just before rent is due, or a car payment. This is when you have nowhere to turn since all your credit cards are maxed out.

One last sign of debt problems is when you are occasionally late in making payments on your bills, your credit cards and other monthly expenses – Once you are late once, it becomes okay to be late a second time. Part of the snowball effect is when a consumer gets so overwhelmed with their debt problems that paying bills in general becomes too much. Soon enough, all of the mail begins to take on a pink tone (meaning Past Due notices) and potential debt problems become massive debt problems.

If you are wondering if your finances exhibit any warning signs of potential debt problems, check the above five warning signals. If one of more of these sounds familiar, you should immediately take stock of your finances and see where you can cut back, whether you can make more money or if you need some sort of outside assistance.

J Chase is a debt settlement professional. He is affiliated with a national organization which has helped 1000s of people eliminate their debt effectively. He has extensive knowledge of the internal and national debt settlement programs available to help homeowners. For more information about these programs visit http://www.debtsettlerz.com/

Article Source: ArticleSpan

Originally posted 2012-01-18 16:51:15. Republished by Blog Post Promoter

In these uncertain times where stock markets have been crashing, mortgage loan defaults are high, people getting retrenched and also businesses are going under, it’s no surprise most people are more worried than ever about how they are going to make ends meet, pay the bills and place food on the table, particularly with high levels of debilitating consumer debt.

It does not must be all Doom and also Gloom. You really can take charge of your situation and live a comfortable lifestyle when you are aware how…

“Debt Elimination – Simply Living Debt Free” can show you how to get away from the debt trap and provide you with peace of mind so you can enjoy life, even in these difficult economic times.
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Modern day world is so focused on immediate gratification and also hyper consumerism that many people have forgotten how to revel in life. They don’t know how to slow down and enjoy the simple things in life that can give so much more meaning and achievement to their lives in debt elimination resources.

People are spending an inordinate amount of time with their jobs and they’re constantly scrambling maintain. That leaves very little time left for family and also friends – and they certainly don’t have moment left over for themselves! A lot of have abandoned their own personal values in the interests of “appearing wealthy”. Their vital capacities of life are generally suffering and they will not even realize it is happening. Is it any question we are experiencing a worldwide Credit Crisis, fed by the success by high levels of consumer debt that has been all too easy to get. Debt elimination programs promise to remove away your debts. Some of them are legitimate, however the debt elimination industry is notorious for scams.

In a entire world where spending future earnings and cash is just about the norm, it’s hard to visualize a life with financial, mental, physical and also spiritual peace. But don’t be fooled. Simplifying your health and living a ‘better life’ filled with purpose is at your fingertips. Just about all it requires is taking charge of your finances and your important capacities of living (it’s not as difficult since you may think).

Unfortunately many people don’t know how to decrease long enough to take power over their own lives. They continue on the treadmill and rat-race of living day in and also day out – experiencing little joy and also fulfillment with where and how they spend their time. They’re so busy trying to keep track of everyone else, that they lose themselves and their very own identity.

Today’s “I’ve got to have it now” mentality is robbing tens of thousands of people from enjoying living. The stress and anxiousness from being over-worked and also loaded with debt has a toll – however they keep on performing what they are doing. They are Trapped! (does this sound familiar?)

If they keep on carrying out what they are doing, they’re going to keep on getting what they’ve been getting – deeper in debt plus more stressed!

Isn’t it time to make a change?

There is debt help! You will discover more on how remove debt in your life right now by downloading your own copy of “Debt Elimination – Simply Existing Debt Free” right now.

Fix That Negative Credit With A Few Great Tips

Originally posted 2012-05-31 07:24:16. Republished by Blog Post Promoter

AS more and more people face foreclosures, layoffs, and repossession, maintaining a favorable credit score becomes increasingly difficult. Many adults have had to fall back on credit cards or payday loans just to support themselves and their families from day to day. If this sounds similar to your own financial situation, follow these useful tips for repairing your credit.

Rebuilding credit (non profit credit card debt relief) is never easy. It is much easier to spend money freely. However, once you have satisfied your credit card and other high interest household debt, you need to next focus on contributing to your employer 401k plan. In most cases, the employer will match your contributions enabling you to build a nest egg very quickly.

Identity theft can do a lot of damage to your credit, where someone steals your identity and runs up debt in your name. It way be wise to invest in a credit protection program. Banks usually offer a program where you pay a monthly fee, and your identity and credit are protected from thefts.

To show creditors that you are serious about changing your spending habits, consider opening a savings account. Most banks offer this service for free, and you can have small amounts withdrawn from your checking account to help you to stay committed to saving. If you maintain a healthy balance in your savings account you can even earn some interest.

Remove negative items from your credit report by filing a dispute for inaccuracies. If you request your credit report and notice there are negative items that are not accurate you should file a dispute. This will help you remove these items from your credit report. By doing this it will also make your credit better.



Try to get negative items removed from your credit report. Not everyone knows this, but you can actually do this. You will have to call your creditor and ask them if they will work with you so you can get this debt taken care of. Ask them if they can remove the negative items from your report once it is paid.

Never EVER trust a credit repair company who only accepts cash! This is a major red flag and tells you that this is not a company you need to be working with. Look for a company who will allow you to at least pay via check or some other reversible form of payment.

A great tip for those of us looking to repair our credit (debt settlement scams), is to enroll in overdraft protection and insurance on our credit cards. This way our credit is always in good standing and we will not have to worry about exceeding the limits on your cards and incurring hefty fees.

Research the fine points of disputing items on your credit report. It can be done, but the process is not easy. Make sure to track and follow up regularly with all reported disputes. If you stop checking on them, they will stop working on them as well. It’s your credit, so make sure it’s correct!

Sometimes you may seem all alone in the world. When you are under piles of credit debt, you are going to feel very alone. You do not have to be. Hopefully, the tips listed on this site have helped you understand all sorts of ways that you can begin to get out of debt.

Originally posted 2011-12-31 03:10:30. Republished by Blog Post Promoter

If your obligations have caught up with you and you find it almost impossible to pay them off and live a decent lifestyle, don’t worry. Lots of Americans suffer from the same condition that you are in and hundreds of thousands as well have been able to overcome it. So before over reacting from your particular predicament by declaring bankruptcy, try to consider government debt consolidation first.

Federal debt consolidation is a type of government agency which has a main goal of helping people in debt gain back their debt free lives. It offers debtors a bill consolidation loan that will take care of the whole set of outstanding debts a debtor has. Wether it’s from a education loan, credit cards or health related bills, all of these outstanding balances are merged into one larger debt. In easy terms, all your loans are put together to make one main loan. This allows debtors to focus their efforts on repaying just one loan instead of having to worry about a lot of loans. Furthermore, this loan gives debtors decreased interest rates and extended paying terms. Since these loans have longer paying terms, lenders may give more leeway in terms of rates of interest. Therefore monthly premiums will be much smaller as compared to the total monthly payments you had before consolidating your debts. This scheme allows debtors to pay for the loan at a user friendly rate and free-up some cash.

You might be wondering how federal debt consolidation works and how it is able to give the debtor lower loan rates. These government agencies deal with the various creditors trying to cut a deal that will result to a win-win scenario. Federal debt consolidation agencies see to it that creditors get money and borrowers are waived of high interest and payment charges.

Even though there are a wide variety of organizations that offer this type of service, not all of them able to charge as little as federal debt consolidation agencies. Federal agencies are non-profit organizations that allow them to have minimal service fees. There are numerous fake credit card debt management agencies on the market, be wary of them This is why it could be best to stick to federal debt consolidation agencies.

For more useful and free resources debt management resources be sure to visit: www.livingoutofdebt.com/





Personal Finance and Pension

Originally posted 2012-03-06 00:14:09. Republished by Blog Post Promoter

With the tense times of today’s tumultuous markets, Personal Financeis a priority for some, especially for those considering retirement. Most people get complex personal finances with multiple debts, incomes, means, investments, and other issues that must be taken into consideration as one in order to optimize your money’s growth. This all amounts to a complicated situation in which many people struggle to maintain an investment that’s sufficient for their pension. Money management is the key to financial stability, and achieving financial stability is crucial for saving enough money for retirement. Unfortunately, many people have one enormous hurdle that keeps them from attaining good money supervision and healthy finances: Debt. Once you acquire credit card debt, it is often difficult to take out it, especially with today’s economy. Interest can accumulate since fast as payments are produced, making it seem impossible to tackle the mountain of burden. However, when planning your personal finance, it is important to get out of debt, no matter how difficult it may look like. Tightening spending in the short-term is the key to extended financial stability. With good money management skills, monthly spending can decrease in order to make larger payments on debt to obtain rid of it sooner. This means you will pay less interest, and ultimately, more money will end up saved for retirement. Leaving debt to stay and accumulate interest even though making imprudent spending decisions is a recipe for disaster. Money management, which includes browsing wisely, cutting back on unnecessary purchases, choosing cheaper alternatives for necessary products, and if possible, working more for a temporary period of time, can all help lower debt repayment times noticeably, thus decreasing overall interest and assisting you pay the debt off sooner. With no credit card debt, savings for retirement start, and a more comfortable life will ultimately become the result. If you take into consideration that money sitting since debt accumulates interest, while RRSPs or other savings investments will increase in value, the difference becomes obvious what a long time extra of debt repayments tend to make. Money management is needed for anyone who wishes to get out of debt and save with regard to retirement. It is the prudent help overcoming debt and achieving a healthy Personal Finance situation.

Debt Help Suggestions and Advice For Everyone

Originally posted 2012-03-11 22:10:28. Republished by Blog Post Promoter

It used to be that if you needed debt relief help, you just went to Mom or Dad to help bail you out. However, once you become a legal adult, this is not a viable option for most people. Debt problems are a very common occurrence in modern life. We live in a society that promotes instant gratification. People are more inclined to spend what they haven’t got when they feel as if there is no tomorrow. No matter what your level of debt, here are some commonsense debt relief tips for everybody.

Keep Your Eyes On The Prize

Figuring out your current finances and taking proactive steps to manage your money takes time, dedication and nerve. The best debt relief solution advice I can give is this – debt will not go away on its own. Don’t expect to win the lottery or have your credit card company suddenly get blown to kingdom come. The sooner you deal with the problem, the sooner you will be on the road to a debt relief solution.

The journal can show you right away where to curb unnecessary spending and save money. When you keep the journal, you also need to be aware of all of the fees on your bills. What is your bank charging you for using your ATM card? Are there any “mystery calls” on your phone bill that you were billed for? Are you paying for services that you never use? Debt relief help could be as close as your most recent bill.

Keep Only One Credit Card

Credit cards are probably why you need debt relief help in the first place. For every legal adult in the household, they should have no more than one credit card. This should be a major credit card like Visa or American Express – NOT a department store card. Department store cards are rip-offs that charge double-digit interest rates and only are worth it for people who shop only that particular store. If you own a business, then the business owner of the house could have one personal and one credit card that no one else in the house can use.

Some of these debt management services are more legal than others. Be wary of any debt management service that offers you a loan without looking at your current financial situation. Be wary of any service that advises or strongly suggests that you lie or falsify information to get a loan. And never believe any service that says they can change your credit report – that’s illegal and often impossible.

Visit http://unsecureddebtrelief.net to get more information on debt relief and debt relief solutions visit.

Debt Relief Help For Everybody

Originally posted 2010-04-05 07:59:17. Republished by Blog Post Promoter

It used to be that if you needed debt relief help, you just went to Mom or Dad to help bail you out. However, once you become a legal adult, this is not a viable option for most people. Debt problems are a very common occurrence in modern life. We live in a society that promotes instant gratification. People are more inclined to spend what they haven’t got when they feel as if there is no tomorrow. No matter what your level of debt, here are some commonsense debt relief help tips for everybody.

Keep A Spending Journal

The best debt relief help tip you are ever going to get is to start and maintain a spending journal of every penny you spend (or you and every household member spend). You can’t plug up any money leaks until you can find the sources of those leaks. The usual advice is to keep this journal for an entire month, but most people can’t manage that. If you can do it for one or two weeks, you’re doing great.

The journal can show you right away where to curb unnecessary spending and save money. When you keep the journal, you also need to be aware of all of the fees on your bills. What is your bank charging you for using your ATM card? Are there any "mystery calls" on your phone bill that you were billed for? Are you paying for services that you never use? Debt relief help could be as close as your most recent bill.

Keep Only One Credit Card

Credit cards are probably why you need debt relief help in the first place. For every legal adult in the household, they should have no more than one credit card. This should be a major credit card like Visa or American Express NOT a department store card. Department store cards are rip-offs that charge double-digit interest rates and only are worth it for people who shop only that particular store. If you own a business, then the business owner of the house could have one personal and one credit card that no one else in the house can use.

Take Inventory

Look around at what you and other household members have. Are there clothes in closets that still have tags on them? Big debt relief help no more clothes shopping for a couple of years. Are you subscribed to magazines you don’t have time to read? Cancel them. Do you need the latest gadget as soon as it comes out? Prices for everything drop considerably six months or more after a product comes out.

For more information about debt relief please visit my Debt Relief Concepts website where you can find more articles and information about debt relief help

Article Source: ArticleSpan

Benefits Of Debt Consolidation For Bad Credit

Originally posted 2012-01-09 03:00:50. Republished by Blog Post Promoter

If you feel pressured and stressed with many responsibilities related to loans and credit, perhaps now is the time for you to free yourself through a debt consolidation for bad credit program. When you want to reduce the debt burden and the bad credit situation, then it is advised that you must go for the bad credit consolidation. You can receive debt consolidation services through various companies that specialize in helping customers with bad credit to get personal debt consolidation loans at the best rates possible. In this way you will be able to lessen your debt burden and become debt free faster.

The goal is to consolidate multiple loans and pay your obligations off through one low interest rate debt. Most of the companies will offer you the free debt consolidation service for the loans available at a lower rate of interest and also for longer durations. You can easily pay off these loans with a reasonable monthly installment at a proper time. With this process you can make the regular payments at a proper time that will reflect on your credit report and you can rebuild your credit. So we can say that these consolidation companies have two main benefits and they help you to realize your goals.

Should be in a hurry find out more, look at the Low Interest Consolidation Loans For Credit Cards report soon.

Quite a number of people cannot keep any track of what they buy and finally accumulate big amount of loans through their credit cards. When they find themselves under piles of debts they go for loans for recovery. Most of them go for these loans to reduce older ones which again create huge debts.



This is a fact that all the loans taken for paying off debts are not bad and professionals who offer free debt consolidation help can make available comfortable and affordable loans that lessen your credit card debts and end harassing calls from the creditors. In bad credit debt consolidation loans the professionals offers loans even if you have a bad credit or even a negative credit rating.

The various aspects of the professionals giving out loans and bill consolidation help, are providing services like managing your finances and planning the same for better, negotiating with the creditors and helping you to get loans at low interest rate in order to pay off all the multiple loans and credit card payment requirements.

Quite a few debt consolidation for bad credit companies charge you for offering services on consolidation loans but a lot other offer the same service without the charge. Many non-profit and other companies help you to get out of the debt trap without charging large amount of money. At first these companies check your papers, debts and income situation and on this basis of these you will get best debt management plan depending on your debt situation. According to your financial status, you can get a financial plan, loan or both from these companies to consolidate your debt payment requirements and loans.If you wish to you can gather more information. Examine the Easiest Credit Card To Get With Bad Credit page.

It will be an additional help in a bad credit situation to go for credit counselling and bad credit debt consolidation companies that will provide you free services such as an analysis of your debts and income, as well as free loan quotes.

Debt Collection Harassment, Know Your Rights!

Originally posted 2010-02-21 06:52:08. Republished by Blog Post Promoter

Let’s face it sometimes bad things happen to good people and before you know it you are falling behind on your bills. This doesn’t mean you should be subjected to harassing phone calls that make you feel like a criminal does it? Or how about those calls early in the morning that wake up the whole family or late in the evening after everyone has already gone to sleep. Many people have reported debt collectors using profane language, pretending to be attorneys or government representatives, or even insinuating that they would take away property from you that they have no right to take. This can leave you feeling embarrassed and bewildered and the truth is you don’t have to put up with it anymore.

You should know that the Fair Credit Collection Practices Act (FDCPA) protects you as the debtor. The law does not negate the debt you own but it insures that you are treated fairly by debt collectors and it even prohibits certain types of collection practices.

If you are currently in this situation and you are concerned with maintaining a decent credit score in the future it is a good idea to try and make realistic payment arrangements that you can afford. If they try to get you to agree to term that you know you can not handel simply let them know and remember to never agree to any arangements that just won’t work for you.

If however collectors are unwilling to cooperate and continue to harass you, ask them to stop calling. This usually will stop the calls but in case it doesn’t you can then send them a Cease and Desist letter. This is much easier than it sounds. Here is what you can do.

Ask the caller for his companies name and address. (This is information they must disclose so do not be afraid to ask for it) Then write a standard business letter with your name and address at the top, the date, and your account # in question. Under that you will put their company name and address then after a brief greeting you can state, According to the Fair Debt Collection Practices Act,15 U.S.C. section 805., you are hereby notified to cease and desist all further communication with me in regard to the referenced account. Failure to comply will result in a complaint being filed against you with the Federal Trade Commission, the Attorney General of your state. I also reserve the right to file suit against you for any future violations of this law. I will record any phone calls if you fail to comply with this notice. Then ad your own conclution and your signiture. You want to be sure to mail the letter using certified mail using the return receipt requested feature.

This process almost always works but remember they do still have a right to continue to collect the debt. They can file a law suit to try and collect the debt. Although sending a cease and desist letter is a valuable tool, it should only be used when absolutely necessary and after reasonable negotiations have failed. Keeping open communication is a better choice as long as you are not being harassed.

Antonio Filippone is a respected Speaker, Author, and Consultant on the topic of financial planning for middle American people.Readers who are interested in learning how to quickly fix their money problems can read his unique story at http://www.NotYetWealthy.com

Article Source: ArticleSpan

Credit Debt Elimination 101

Originally posted 2010-03-11 18:34:48. Republished by Blog Post Promoter

You see something you like and you do not have the cash for it so you charge it to your credit card.

Nice clothes, a drink with a good friend, some fast food on the road, you always thing these little to moderate charges on your credit card won’t cause harm.

This happens not once, but a few too many times and what does that leave you with?

A whole bunch of things you really do not need and a mountain of credit card debt.

Fear not! Following this simple steps will help you to eliminate your credit debt as quick as possible!

Eliminating your credit card debt is all about managing expenses so you will need to stop bad spending habits if you want to succeed.

Do some research, find out how your money is spent, and study your spending habits.

This is a key element to passing this plan. Once you know about your spending habits you know what to look out for!

While you’re trying to get out of debt, minimize spending,ask yourself twice when faced with buying something.

Do I need this? or Do I want this?

You lived this long without that item so it can wait until you have fix your debt problems. You could treat yourself with it once you succeed!

Guilt trips are a handy way of restricting your expenses. Before you know it you will be putting more things back on the racks than ever before and you will have a lot less clutter at home.

Paying your debts back is the other key to eliminate credit debt. Find out how much you owe. If you have multiple credit cards sort through them and start paying off the one that is charging you the highest interest. This way you pack back as little as you have to since the interest will not accumulate.

Increase your savings and make payments as often as possible. The quicker you pay off your debt the more money you save.

Since you have researched yourself, you will know where you spend too much and therefore be alert when in such a situation.

Keep your goal in mind. You need to get out of debt. You could end up without a place to stay if your bills do not get paid. You will do just fine without a new pair of converses.

Think like this and you will soon pass this credit card debt elimination program with flying colors.

Bary is one of the persons you can rely upon their advice when it comes to debt management and credit card debt elimination, why? Simply because he gone through this nightmare before, and know what it means to live under the endless pressure of debt. Read more of his insights and tips on his site: http://DebtReliefAlert.com

Article Source: ArticleSpan

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