Debt Collection Articles Archives

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

Copyright (c) 2010 Kenneth Lee

Here are seven important debt reduction tips that you should know as below:

#1. Don’t let your debt problems drown you. You have to be creative and more serious to find debt reduction options that can help you getting out of debts.

#2. File for bankruptcy may not be your best option. You should take a serious look at either debt settlement or debt consolidation.

#3. Don’t feel embarrassed by having financial problems. You are not alone, million of the American people have similar experience like that, and the fact is it could happen to anybody. If you admit you are facing some difficulties, your family members and your co-workers would be willing to help you in different ways, either by making savings at home or by helping lower your unnecessary expenses.

#4. Be frugal. The only best way to save is by not spending more than you need, also avoid spending more than you could afford.

#5. Draw up a budget and stick to it. Don’t let money just disappear through your hands. Have a strict control on your spending. Don’t let anything tempted you. That is the key to control your financial situation and work toward your goal.

#6. Don’t be afraid to ask for some advice. Having more options could help you to clarify, organize your ideas, and find data reduction strategies to resolve your situation. The answer could be there; just clicking at the right place in the Internet could do wonders for you.

#7. Increase your income. You have to be creative in finding second job or the source of second income, the way the extra income helps you paying down your debts, and you can use the second job as your temporary solution. If you wish to earn full-time salary for your part-time task, take a look at internet income or home-based business opportunity, I know your internet income could help you become debt free and achieve debt free.

I know debt reduction tips will work! You can follow these tips to change the way you spend and adjust the way you live in order to improve your financial condition. But if you still experience negative cash flow or something like living paycheck to paycheck, see Debt Reduction Plan as below.

FREE Debt Reduction Plan: Debt negotiation is being used by thousands of people like you to honorably pay back an agreed-to, reduced amount to creditors. Debt negotiation is designed to provide you with a shorter term and greater debt reduction than consumer credit counseling plans or just making minimum payments. You can get a no-obligation FREE custom debt reduction plan from the best Debt Relief Agency so you can find out how debt negotiation can help you get out of debt faster!

Find out more about the Best Debt Relief Company – http://www.achieve-debt-free.com/debt-consolidation-care.htm l . Kenny Lee, the author of this article, a webmaster of the interesting financial site www Achieve-Debt-Free com – http://www.achieve-debt-free.com – where your priority is to achieve debt free and control your financial destiny.

Article Source: ArticleSpan

Originally posted 2012-01-07 05:31:25. Republished by Blog Post Promoter

Sometimes you have everything all covered and mapped out, but you lack the funds to piece them together. Never mind, you can get a loan very easily. From a bank or from a loan company, you could get a loan that will carry through all of those uncomfortable moments when you could have lost it all. That?s what they are there for.

There are times when you need money urgently and you have to borrow. As a time like that you need to look first for a friend who might understand enough to loan you the money over time without interest. I will always do that before I even consider a bank. You should too.

Spending money and making the best of it are two very different things. Opportunities present themselves all the time, but the people who thrive are those who are able to identify them and exploit. That is how come there are rich folks, the middle class, and the poor. It is all about the way they handle opportunities like loans and borrowing.

People who take loans are not fools; they are merely folks who have decided to take steps and do things about the quality of their lives. You could join that list of people too, or you could just sit there and sulk. I got a loan for Christmas, and I?m right glad I did.

With the holiday season coming up, you must know that the big bucks are going to be pouring out of your pockets pretty soon. You know that your salary will never pay for it all, so you want to take a loan already. Don’t sit still and hesitate; make the plans and wait for the right moment to take the steps.

Do you really want to become debt free or need money fast for college then you have come to the correct spot for that information. Feel free to take a look at our blog for the most current information and facts on managing debt and asking for the money the correct way.

Originally posted 2010-02-26 18:31:20. Republished by Blog Post Promoter

With so many people in debt and feel that they can’t get out, one would think that they would search every angle and avenue to get help. The more debt a consumer has, the more their credit suffers. Some of them are scared to contact their creditors to negotiate payments. They are afraid that the creditors will turn against them. However, companies such as credit repair services are in business to help those that need assistance in credit repair.

There are some free credit repair services out there, but you have to find the right ones. There are some legitimate companies that specialize in credit repair. Some of the legitimate ones, whether free or paid will work with you to correct and clean up your credit. There are some that will go as far as helping you to set up a budget so that you will be able to rebuild your credit and increase your credit score. This is a great benefit that no consumer should want to pass up.

There are companies that have credit repair services that offer debt consolidation. They will work to get you a loan so that you can pay off your creditors. If you have a lot of credit card or charge card debt and robbing Peter to pay Paul, debt consolidation may be a form of credit repair that can work for your situation. After your debts have been consolidated into one, you will start making one payment instead of having scattered payments. It can be difficult to keep up with the individual payments for your debts.

Another way to work toward debt freedom is to have an installment loan. The company that specializes in credit repair services will work with you to see if a secured or unsecured loan would work best for you. With a secured loan, collateral is involved. This could be your vehicle or your place of residence. An unsecured loan doesn’t require collateral but you will have a high interest rate. With your credit repair program, having this type of loan will help you to rebuild your credit history.

Companies that offer credit repair services can also help to remove negative information from your credit report. They will dispute items that are on your credit report that should not be on there. These items may not be correct, inaccurate or outdated. The creditor is responsible for responding to the dispute. If they do not respond in a timely fashion, then the item is supposed to be removed from your credit report. This part of the credit repair process will help you to increase your scores quickly.

The company that you are receiving credit repair services from will also contact your creditors by phone and mail in order to make negotiations in regard to your credit report. This is also a part of your credit repair program. Doing this yourself can be a headache and not get you very far, so hence the reason the credit repair company steps in to intervene.

Credit repair services is a good way for consumers to get back on the right track Having someone that is trained in credit repair can help you to get the credit score that you need. Having good credit is so important that it’s a good idea to have someone help you to get it back up to speed.

This article was brought to you by Joseph FeRoss and the credit repair team and MSI credit. For more information on credit repair services please visit www.msicredit.com

Article Source: ArticleSpan

Originally posted 2010-03-17 01:32:56. Republished by Blog Post Promoter

Although there’s not much you can do about last year’s holiday debt, other than pay it off as quickly as possible, there are three *powerful* strategies you can use to avoid holiday debt this year.

Here they are:

Powerful Strategy #1 – Start your holiday shopping NOW!

And pay *cash* for what you buy. :-)

Now, I’m not real big on "shopping" (I far prefer to make a list, go to Amazon.com, order what’s on it, and be done with it), however I have a friend who is.

She essentially begins her holiday shopping for the following year the day after Christmas of the current year, taking advantage of the often massive markdowns retailers offer, often 50% – 75% or more, to begin her holiday shopping early.

Then, throughout the ensuing months, she continues her holiday shopping, picking up gifts here and there, taking full advantage of sales and markdowns as she runs into them, and paying *cash* for what she buys as she goes along.

Come late October or early November, just when most folks begin thinking about starting their holiday shopping, she’s done with hers and, this is the important part, doesn’t owe anyone a dime for the experience.

Wise strategy! :-)

Powerful Strategy #2 – Take advantage of "Layaway".

Layaway, also known as lay-by in some countries, is a service some stores offer that allows you to purchase an item without having to pay the entire cost of it all at once.

Essentially, when you put an item on layaway or lay-by, you make a down payment on it and the store physically holds the item for you until you either pay it off in full, according to some predetermined payment schedule, at which time you physically receive the item, or a certain period of time has elapsed, in which case, if you haven’t paid for the item in full, it’s returned to stock and you receive a refund of any payments you made on it.

Although there’s sometimes a small fee for this service, it’s usually *far* less than the interest you’d pay if you’d charged the same item on a credit card and paid it off "over time".

Wanting to promote their own credit cards, and thus make more money, some stores stopped offering layaway or lay-by in recent years. However, due to the apparent current state of the world economy, many of them have begun offering it again, some heavily promoting it as an alternative to credit.

As it makes far more financial sense than buying on credit, layaway or lay-by is well worth taking advantage of when you want to purchase an item, but don’t have the money to pay for it in full right now.

Powerful Strategy #3 – Start your own "Christmas Club".

A concept born of the "Great Depression" and popular for many years thereafter, "Christmas Clubs" were special savings accounts, offered by banks, into which customers deposited a set amount of money each week and then received the money back at the end of the year for Christmas shopping.

Although there may still be some, I don’t personally know of any banks that offer this service anymore.

However…

It’s easy enough to start your own "Christmas Club" or "Holiday Club".

Here’s how:

1. Open a special "free" no minimum balance required savings account at a bank or simply stick an empty envelope in a drawer.

2. Determine how much money you want to have available for holiday shopping this year.

3. Divide that amount by the number of weeks remaining between now and when you want to start your holiday shopping.

4. Deposit that amount of money in your special "Christmas Club" or "Holiday Club" savings account or envelope each week (or twice that amount bi-weekly if that’s how you’re paid).

5. On the date you’d decided to start your holiday shopping, withdraw the money from your account or envelope and go shopping.

It’s that simple. :-)

Well…

There you have them…

Three powerful strategies you can use to avoid holiday debt.

Use them individually or in combination with one another and you’ll insure yourself a debt-free and, I might add, stress-free holiday season this year.

Tony Mase is a serious student of the works of Wallace D. Wattles and the publisher of “The Science of Abundant Life” ebook by Wallace D. Wattles… http://www.thescienceofabundantlife.com

Article Source: ArticleSpan

Originally posted 2010-03-27 13:53:17. Republished by Blog Post Promoter

With the recession deepening, many consumers are worried that their financial burdens will force them into bankruptcy. The good news is that there are a number of ways to stop paying credit cards using debt settlement systems instead of filing bankruptcy.

These debt settlement systems have been used by people just like you for years to reduce their debt and eliminate their bills. In fact, by using these programs, you can take advantage of the laws allowing consumers a fresh financial start instead of filing bankruptcy. You only need to know where to begin. This article will show you how it’s done.

Step 1: Calculate Your Total Debt

Getting started with these programs is easy. First, you need to gather all of your account statements to get an accurate picture of your financial obligations. Separate all of your debts into two categories: 1.) Secured Debt and 2.) Unsecured Debt.

Secured Debt is any account in your name that has a tangible asset backing it up. Some examples of secured debt are mortgages, auto loans, and recreation vehicle loans. These types of obligations, are much more difficult to settle than unsecured debts.

Unsecured debts are what most people have easy access to and find themselves overburdened with. Debt settlement systems are ideal for eliminating these types of obligations. Examples of unsecured debt include credit cards, personal loans, medical bills, gas cards and retail cards.

Once you have your bills separated into these two categories, total up your unsecured debt. If the balance of these accounts totals more than $10,000 you may qualify for a program that allows you to stop paying credit cards instead of filing bankruptcy.

Step 2: Determine Your Best Financial Choice

Once you’ve totaled your liabilities, you need to determine the cost of your alternatives for eliminating them.

Hiring a bankruptcy attorney can cost upwards of $3,000 plus court costs and filing fees depending on your situation. In some cases, this is the best option. However, debt settlement systems can cost anywhere from $50 for a do-it-yourself system to over $1,000 for a company to do the work for you.

All of these systems use laws that support consumers and allow you to stop paying credit cards instead of filing bankruptcy. The only difference in the systems is who does the majority of the work required.

Using a do-it-yourself program can save you hundreds of dollars, but can take hours and hours of your time. If you’re a detail oriented individual and can stay focused and determined, these systems can be ideal for you. These programs have step by step instructions written by attorneys and provide the forms and letters you’ll need to use.

On the other hand, if you have substantial debt spread across a number of creditors, a debt settlement company may be your best option. These companies have trained professionals and attorneys that will handle all of the work for you and can successfully erase all of your debt.

Step 3: Take Action!

Regardless of the program you choose, the important thing is that you TAKE ACTION. All of the debt settlement companies offer a free analysis of your finances. Take advantage of it. Even if you choose a do-it-yourself program, I highly recommend that you talk with a debt settlement company. At the very least, you may get some great free advice.

You can end the nightmare of being in debt! You only have to take advantage of the legal ways to stop paying credit cards instead of filing bankruptcy.

Brian Anthony is dedicated to helping you settle your credit card debt and take advantage of the many debt settlement systems available. Click here to read our reviews of the best Do-It-Yourself systems and Debt Settlement companies that can help you stop paying credit cards instead of filing bankruptcy!

Article Source: ArticleSpan

Credit Card Debt Relief Made Simple

Originally posted 2012-02-25 23:48:46. Republished by Blog Post Promoter

If you have difficulties on paying all your credit card bills, it is greatest that you keep just one (or two) card in order that you can pay it off easily. If you fail to adhere to one or any of these cards, they might up your rate of interest or lower your credit limit and credit score as a punishment for not paying in time. However, they’ll still, and most probably, not cancel your credit card. That way you’ll have a card to use when required for leasing a car, etc. and a start to improving your credit.

The original debt collectors aren’t to be considered as debt collectors as mentioned in the Fair Debt Collection Practices Act. Their collection activities aren’t governed by the FDCPA. Usually the credit card debt that is to be charged off after six months of missed payment is managed by the debt collector who’s covered by the FDCPA.

Answer to every initial communication from a spam debt purchaser, collection agency or collection attorney with a deny/dispute/debt validation letter sent CRRR.

In July 2010, The Federal Trade Commission has applied new rules involving upfront fees, prohibiting companies to collect these upfront fees in exchange for clearing the credit card debt.

Payment Plan Settlements can be dangerous and risky.





The majority of the credit card debt relief scams have one thing in common. These people demand an upfront before begin working. Do not ever part with your money until you’re sure of the results.

One of the best ways to settle your credit card debt is with the help of an attorney. You may always have an attorney on your side and have an option of bankruptcy and there’re chances that the creditor may not be paid anything. With regards to paying fees, it is far better to pay small fee to the attorney instead of paying 15 percent of the total debt amount to any debt settlement firm.

Everybody is entitled to the right of having a nearby trial in a legal court district where he lives. That signifies that to actually pursue a court case against you, a credit card provider should find a local collection attorney to open a case against you in your court district and to send you a summons.

“I’m not in receipt of any documents which verify I owe your client’s money, ”When sending a debt collection attorney a debt validation letter, this kind of language puts them on notice that they’ll need to correctly document the alleged debt if they’re to be successful in the court (credit card debt relief act). Normally they do not provide an signed agreement, accounting of charges, interest against the supposed balance or any kind of proof of the ownership of debt by the client.

When a client debtor sends a debt validation letter to a debt collector within 30 days of receipt of a mini Miranda notice, she or he may instruct the debt collector to cease all collection activity such as phone calls. If the debt collector phones the creditor within these times, the debt collector will be fined $1000 as it is a violation of the Fair Debt Collection Practices Act .

Just because the plaintiff’s collection attorney says something on paper or on the phone doesn’t make it true or even legal. The FDCPA considered collection attorney as debt collectors. Some of them may lie in oral communication but they don’t do so with written information. Ensure that you don’t convinced by their threats to take law suit.

Originally posted 2010-02-26 18:31:20. Republished by Blog Post Promoter

It can be terrifying to experience your company running out of cash, with revenues down and creditors foaming at the mouth. But what do you do about it? If you’re like a lot of business people in this situation, you won’t be able to take it. You’ll give up, often with the blessing of your trusted attorney and accountant. Only a small fraction of new business start-ups last for five years. Those that disappear take dreams, savings, jobs and creditors’ money with them.

Your competitors are hoping that you don’t know how to effectively market your products and services. Chances are, you can take a few simple and inexpensive measures to significantly increase revenues. Your firm could likely benefit from effective help in this area. But to get to that point you will need to come up with a debt management strategy to limit the damage done and to bring your payment commitments into line.
This strategy involves cutting deals with creditors now and in the months to come, so that you meet the twin goals of immediately minimizing cash outflow while reducing total business liabilities over time.

This means you have to:

- Categorize your company’s payables into three groups and deal with these creditors accordingly:

o "A" group – Keep current, to permit you to stay in business
o "B" group – Either keep current or delay payment, according to your budget
o "C" group – Delay payment, to resolve later

- Keep close to your banker, especially in today’s economic environment, where many are operating on hair triggers. Loan officers can be your greatest allies if dealt with properly. You might be able to reduce monthly payments, depending on the type of loan and your specific situation. Do everything you can to articulate your goals, intentions and requirements in writing.

- Work out a deal with your landlord. Rent is likely to be amongst your highest monthly costs and anything you can do to reduce this outflow will go a long way to help. You might want to:
o negotiate rent relief, to give you a rent-free period, or
o negotiate rent abatement, to make a lower monthly payment than called for in your lease, or
o get out of the lease and move to cheaper quarters.

- Build bullet-proof armor around your company and its officers, to the extent possible in your particular situation. This can protect against any unsecured creditor who may want to file suit in the intent of getting a judgment, before you have the time and ability to work out a business debt relief settlement with them.

A debt management strategy can effectively stem the bleeding – now and into the future. The challenge for you is to design and execute the plan while doing what it takes to increase revenues. If your business is already in crisis, this is likely too much to expect. It’s far better to give the business debt relief assignment to an experienced specialist who is motivated to produce the results you need. You and your team will then gain the peace of mind and the confidence needed to start rebuilding your business.

Author of “The Battle Scarred Guide to Small Business Debt Relief and Recovery.” Once the company is established, with debt under control, we focus on increasing bottom-line revenues through effective direct response marketing. For More Info: For More Info: www.biz911.com

Article Source: ArticleSpan

How You Could Benefit From Debt Management

Originally posted 2010-03-03 02:22:18. Republished by Blog Post Promoter

Falling into debt is a life changing experience that can affect not only the person who owes but also the whole of the family. Many individuals owe money at some point in their lives whether this is through using credit cards, using home shopping catalogues or by taking out a loan. For many repaying never becomes a problem, but for many more debt takes over their life, often through no fault of their own and they spiral deeper and deeper down. Many struggle on in a never ending battle of receiving red letters and threats of being taken to court and juggling bills around in despair that something will come along and allow them to catch up. This very rarely happens unless specific steps are taken towards becoming debt free. One way of breaking free of your debt worries if by looking into the many choices of debt management with the help of a specialist company.

Choices for debt management

There are several options for debt management which you might want to consider. There are pros and cons to weigh up and your situation, for example how much you owe and to whom, will need to be taken into account when choosing the best option for your needs. You might want to consider a debt management plan, a debt consolidation loan or an IVA. When considering any of these options it is essential that you get the correct and help and guidance. A specialist debt management company will be able to offer impartial advice to help you choose the debt management solution that could be more suitable for your personal situation and help you to stick to your chosen plan.

An Individual voluntary arrangement

An IVA can be an alternative to bankruptcy and is far less restrictive. In simple terms the IVA is an arrangement made between those in debt and their creditors. The arrangement involves the debtor repaying a percentage of the debts owed over a specific amount of time, which is usually around 5 years. The IVA is made under an insolvency practitioner and when the IVA has reached its term any debt that remains outstanding is written off.

Debt consolidation loans

A consolidation loan could be a good choice if you are paying a high rate of interest to your creditor/creditors. By choosing a consolidation loan with a much lower rate of interest and spreading the repayments over a longer term you could save money each month, just have one creditor to pay back and be free of debt when the term of the loan has been reached.

A debt management plan

If you cannot get a loan due to bad credit history then you might want to consider the debt management plan. Your debt manager would work out with you how much you have coming into the home and going out. You would then come to an agreement that was affordable for an amount you would be able to pay back each month. The manager would negotiate with your creditors and if accepted you would pay the agreed monthly instalment to the manager and they would pay 100% of this money to your creditors each month.

Oliver Wingrove is a debt management specialist. If you need help with debts and want to know more about entering into a debt management plan or you simply have IVA questions that you would like answers to, contact us. We provide free and impartial debt advice and by taking that step you could become debt free and begin living life without stress and worry of debt.

Article Source: ArticleSpan

Reasons Why We Get Into Debt

Originally posted 2012-03-14 09:00:36. Republished by Blog Post Promoter

A Debt is one of the worst thing to get yourself into especially if you cannot pay it. It is one of the worst experiences that can happen to any individual especially when the debts are too much to clear. However, studies show that getting into debt is a reflection of our poor spending habits and that we have the power to get ourselves out of debts. However, you can get out of debt or avoid it if you knew the reasons why you are plagued with debt in the first place.

One of the reasons why the burden of debt becomes so overwhelming is because many of us let it accumulate over a long time. The difficulty of getting out of debt has even led some people to commit suicide. If you have a debt, you should try to reduce it as fast and as much as you can. Letting debts to pile up is one of the biggest mistakes that people make. Your creditors won’t be happy if you sit back and relax and they will pressure you more due to the impression of your complacency.

Next, credit cards can increase your debt in astronomical proportions and you should be very afraid of them. You should do away with credit cards that you can do well without. If possible, you should have only one credit card. This will ensure that you are able to control your spending habits and stop impulsive buying. To avoid getting into debt, you can begin by destroying your credit cards. This brings me to the point about your unplanned expenditure. Whatever nice thing you will come across will make you want to buy it as much as the credit card allows you to. Note book will really help you for putting the figures and items in writing for future reference.

You don’t have to be an accountant to make meaningful records of income and expenditure. If you can plan the way you spend, you can easily control yourself. As you are budgeting, you should separate necessities from luxury items.

If you buy a piece of candy, put it down in writing. This will make you focus on the things that you need at that time. If you buy something that is not a priority in your list, you should consider it a luxury.

Get more information today at:
Getting Out Of Debt
Getting Rid Of Debt

Originally posted 2010-03-26 13:14:52. Republished by Blog Post Promoter

Just a casual glance at a few articles on the same subject on the web will show that they have the same spelling mistakes, the same layouts and the same opinions, and far worse, you’ll find identical articles with the original writer’s name having been removed or changed.

This simply means that instead of doing research and writing something meaningful, that the so called writer or author simply copied and pasted somebody else’s words.

The vast majority of articles are now short on facts too, and more often than not they simply express an opinion, and are the kind of piece that almost anybody can knock out in a few effortless minutes.

So Why Is That?

The simple, and only seeming explanation for the behavior would appear to be laziness, and it’s widespread and not simply an American phenomenon.

So What Happened To Investigative Journalism?

Investigative journalism is hard work, and it means getting out and talking to people, digging deep and writing very few articles, and a good investigative journalist might spend weeks or months writing an in depth article, and certainly can’t churn out a new one every day or week.

The Bad Debt Phenomenon Deserves Good Journalism.

Every journalist that’s at all worthy of his salt, must know that millions of Americans are drowning under debt, and a good investigative story into what might help them would not only be a top story, but would help a great number of people too.

The Debt Settlement Business.

When did you last read an article in which the journalist discussed talking to somebody in the debt settlement business?

Probably never.

What’s now extremely common, is for so called journalists to see a new release about debt settlement or any other subject, and liking the article, they’ll almost immediately republish it after making few if any changes.

An Interview.

I did take the trouble however to talk to somebody that’s been in the debt settlement business for many years, and here’s what he told me.

Debt Settlement.

a) Is definitely not for everyone, but it’s generally right for people with more than $10,000 in unsecured debt who have encountered some kind of hardship such as divorce, a job loss, or have suddenly encountered unexpected medical bills, any of which makes it impossible for them to honor their financial obligations.

b) Plays an important and legitimate role in helping these people slash their credit card debt, and get back in control of their lives.

c) Has steadily gained acceptance since 2005, when new laws made Chapter 7 bankruptcy much harder for many people to file.

d) Gets fewer Better Business Bureau complaints than a popular alternative, which is credit counseling, and it successfully resolves a higher percentage of them.

What About The Bad Companies?

I asked him to talk about recent articles that have given debt settlement a bad rap, and asked him to put forward some kind of defense, and he gave two recently published stories as examples.

The first was a recent AP (Associated Press) article that was given nationwide coverage, which he said,

a) Was typical of the current run of articles, since it was incomplete, and only partially sourced.

b) Contained no quotes or comments by anyone in the debt settlement business.

c) Contained frequent quotes by an executive of the NFCC (National Foundation for Credit Counseling) and even provided a link to their website.

d) Contained no mention of The Association of Settlement Companies, which is the professional association for the debt settlement industry. TASC has close to a thousand member companies which are governed by strict rules that are strongly enforced, and it also follows up on any complaints from the public.

He added that the NFCC was established by banks and credit card companies and is supported by them, and asked, "would an organization that was founded and is supported by banking interests put its stamp of approval on a legitimate, and highly effective alternative approach to reducing credit card debt?".

The second article he took to task was published in USA Today, and he gave it slightly higher marks.

The writer of the article did include the quote, "For some borrowers with large debts that can’t be repaid within three to five years, a reputable debt settlement company may offer an alternative to bankruptcy", but the quote followed a remark which compared debt settlement to "weight-loss product that causes you to gain 10 pounds".

The writer of the USA Today article also referred readers to debtadvice.org and the Website of the Association of Independent Consumer Credit Counseling Agencies, but again made no mention of TASC, and offered no link to its website.

What Should Good Debt Settlement Companies Do?

a) They should explain the advantages and disadvantages up front, stating plainly that debt settlement is not for everyone.

b) Keep the client involved and updated as to every debt settlement decision that needs to be made, and not decide for the client in which order debts should be settled.

c) Clearly explain what the costs will be, and collect their fees over a period of several months so the client doesn’t suddenly get hit with a big bill all at once.

To Summarize

a) It would seem clear from the interview, that debt settlement is only right for some people, and in certain situations.

b) That even if it’s the right choice, that the person considering debt settlement should only go with a reputable Debt Settlement Company that’s BBB (Better Business Bureau) recommended.

More and more journalists are losing their jobs because of the Internet, but many could still make a fine living, and a name for themselves if they got up off their butts and started working for a living.

The author of this article was a film producer, and award winning film sound editor for many years. He has a passion and a flare for economics, and one of his websites -> http://pay-off-debts.org features a large number of highly popular articles about the world’s economy in general, and debts, debt settlement, debt consolidation and bankruptcy in particular.

Article Source: ArticleSpan

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