Originally posted 2012-02-04 00:09:36. Republished by Blog Post Promoter

A simple debt may be not much of a problem; however, huge and ever increasing debts are something you need to struggle with. In fact, debts are considered by many people as a huge burden. As debts go on to rise, sooner or later, it’ll be impossible to pay it. When that time comes, finding a solution will seem impossible; nevertheless, there’s still hope. The solution to that problem is Mississauga Debt Consolidation.

Debt consolidation is like putting all debts together that one could easily handle. Also, consolidated debts require debtors to pay a single monthly due, which is pretty manageable. Consolidated debts will also lower down the interests, which will make it easier to pay all the debts.

Monetary counseling would be the first step in availing debt consolidation programs. There will be questions regarding one’s current financial status. The counselor will then compute the total debt of the person. This way, the consolidators will have an idea regarding the one’s debt.

The next step will be signing a written agreement. If the individual is in need of consolidation, a written agreement would be made, which will require the debtor’s signature. Like any other agreement, one has to evaluate it first. Any doubts and questions about the agreement must be addressed to the consolidator.

One must inform all the creditors when the individual has signed for a debt consolidation. Because of this, all the credit calls will be handled by the debt consolidation company. Even if one signs up with a consolidation company, that will not stop creditors if they want to drop by and give credit calls to the debtor.

Debtors must follow the payment plan set by a debt consolidation businesses. Generally, the consultant will prepare a plan that is suited to the monetary status of a person. After that, the consultant will send it to the creditors. The consolidators will then request the debtors to lower down the interest rates. The debtor will only start with his payment once the creditors, debtors and consolidators agree on the payment plan. These monthly payments will be sent to the consolidation company where they will divide and forward it to the creditors.

Unsecure and increasing debts can be easily paid off, with the help of Mississauga Debt Consolidation. As long as one pays the bill, every one of these cumbersome debts will gradually be removed.

Does Getting Out of Debt Take a Miracle?

Originally posted 2010-02-08 07:17:27. Republished by Blog Post Promoter

The world seems to be full of "get out of debt quickly" solutions, yet most of these solutions are nothing more than smoke and mirrors. This leaves a lot of people asking the question: does getting out of debt take a miracle?

The truth behind the matter is that getting out of debt is not only easy to do; it’s also easy to understand. You don’t need a miracle in order to reduce the amount of debt that you currently have.

What you do need is some plain and simple logic that you can easily follow. Forget about complicated financial plans, and take a moment to look over these simple steps. As soon as you begin to see that light at the end of the financial tunnel, you’ll be able to find your way out of debt.

- First things first – take a good look at your spending habits. You may have heard this one before, but what do you consider "frivolous" spending? If you are justifying expensive lattes and the occasional pair of designer jeans that you don’t really need, then you aren’t exactly tracking all of your spending habits.

- Know the signs of debt. Did you know that debt has warning signs? While debt may not scream at you or flash a bright light in your face, there are some ways to tell if you are sinking quickly into the debt hole. You are headed for disaster if you:

1. Miss monthly payments on a regular basis 2. Borrow money from your friends 3. Ask your credit card company for a cash advance frequently

- Understand your age group. Certain age groups are more susceptible to debt than other age groups. Parents, retirees, and low-income families are the first ones to encounter debt. If you fit nicely into any of these groups, then it’s time to check your debt.

- Consider debt consolidation. If you have bad credit and can’t be approved by standard financial institutions, take out a private car title loan. These loans are based on the value of your car, not on your credit rating so they are accessible to almost anyone who owns a vehicle.

So, how can a loan help you when you are already in debt? You can use the money you borrow to pay off multiple creditors, reducing the number of creditors you owe and the number of monthly payments you make. You won’t have to make a million monthly payments to multiple creditors, instead, you can make one monthly payment, and pay off your bills in no time. You’ll also be able to prove to future creditors that you can handle your debt – these loans look great on credit reports!

BHM Financial is one of the most trusted names in the Canadian car title loan industry. For more information about secured loans, please visit our website at http://www.bad-credit-loan-in-canada.com .

Article Source: ArticleSpan

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

Originally posted 2012-02-19 00:58:42. Republished by Blog Post Promoter

Christian Counseling Debt and The Bible

“Then the lord of that servant was moved with compassion, and loosed him, and forgave him the debt.” Matthew 18:27

Is debt biblical? It is not a sin to be in debt but the Bible does speak a lot about being good stewards of what we have been blessed with. The greater sin is being too proud to acknowledge your need and your current financial state and look for help or advice. There are Christian counseling debt centers to help with Christian debt elimination. The sooner help is sought the sooner bills and debts can be controlled and brought under restraint. It is a humbling ordeal to go through, but others share this same experience. We gain from our trials] to better wait on the Lord and to strengthen our faith. If you have a financial problem do not hesitate to look for Christian debt counsel because someday you may be able give spiritual or financial help to a fellow Christian, family member or co-worker.

“Just as the rich rule the poor, so the borrower is servant to the lender.” Proverbs 22:7

We are called to spend wisely. Often times we find ourselves in debt for very good reasons. There could be an illness, rendering you unable to work. In these precarious times, we are seeing more and more people being laid off or hours cut substantially. There are regular monthly payments that are due and we may find we do not enough to pay them. Sometimes credit cards are used to pay bills and the debt begins to build. It can become overwhelming and a Christian debt elimination service may be needed.

Pray First

“Listen to me!, you can pray for anything, and if you believe, you will have it.” Mark 11:24

Take everything to the Lord in prayer. Does this denote everything you pray for will be granted? The Lord always answers our prayers, but maybe not in the way we expect or in the same time frame we expect. Jesus prayed when He was on earth. He prayed while in the desert as well as in the Garden of Gethsemane. Jesus prayedif it is possible may this cup be taken from me.. He still had to go through what He was sent to do, die for our sins and transgressions. We may still have to prevail some trials for the situation we are in, but He has promised to take care of us.

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

Originally posted 2010-03-12 20:19:39. Republished by Blog Post Promoter

Are your credit card bills piling up and threatening to pull you under? Perhaps you should consider Texas bankruptcy as a way to hit the restart button. There are many reasons that can lead to filing for bankruptcy. Some reasons include emergency medical expenses, credit card debt, loss of employment, and divorce. Many of these life events create financial difficulty as well as a tremendous amount of worry and stress. Whatever reason leads you to making the decision to file Texas bankruptcy, you shouldn’t feel ashamed, there are many people in your situation.

We all want to have the best credit possible, but sometimes having good credit can be a difficult task. If you’re carrying a burdening amount of debt that you can’t pay off, the first step to financial recovery may be making an appointment with a qualified lawyer who specializes in Texas bankruptcy. Your local bar association will be happy to provide you with a list of lawyers who have years of experience in Texas bankruptcy. In addition to what the bar association recommends, contact your friends or relatives who have used bankruptcy lawyers in the past.

Your bankruptcy lawyer will determine the type of Texas bankruptcy you should file. There are two types of personal bankruptcy: Chapter 7, which erases most of your debts, and Chapter 13, which creates a debt repayment plan. Your paperwork and financial records will be reviewed by your lawyer and the determination will be made as to which type of bankruptcy is right for your situation.

Filing for personal bankruptcy immediately puts a stop to events such as utility shutoffs, evictions, repossessions and many types of lawsuits. For individuals who have been constantly struggling to stay afloat, this is a relief beyond compare. Filing for bankruptcy will also keep your creditors at bay and a court order will stop wage garnishing and creditor harassment. You will no longer be afraid to answer the telephone or open your mail.

Using the services of a lawyer who is knowledgeable with Texas bankruptcy will assure you the proper legal representation you need. The burden of all that debt will be lifted and you can look forward to a fresh financial start.

Many individuals feel humiliated at the thought of filing for bankruptcy. In this day and age, there is no reason to feel that way. It’s more damaging to ignore your outstanding debts and do nothing to remedy the situation. Filing for bankruptcy will allow you to take control of your finances and your life.

When faced with overwhelming debt and the possibility of filing a Texas bankruptcy, an experienced attorney can help get your financial situation back under control.

Article Source: ArticleSpan

Originally posted 2010-12-12 06:50:42. Republished by Blog Post Promoter

The issue of how to repair your credit has been around seemingly forever, and has remained a very controversial topics both online and off. While most people advocate self help numerous credit repair businesses who come recommended by their clients would seem to suggest that getting outside help may be worthwhile.

Let us leave aside gossip, rumors, and even statistics about successful credit repair businesses. We’ll consider only the facts. You’ve heard that it’s possible to repair your own credit. This is entirely true. Even if you have no experience, you can learn how.

However it’s also true that the task can seem rather daunting. Although it can be done, there are many who would rather hire a company they would rather turn the work over to someone else, saving themselves time and effort.

If you want to know how to repair your credit, here are some simple steps. Once you’ve looked this over, you’ll have the knowledge that will enable you to decide whether to use self-help or use the services of a credit repair agency.

All right let’s go.

Step 1
Order your free credit reports. This is necessary because in most cases you will find that on learning how to repair your credit, and will put you on the road the problem lies in mistakes on your credit report. Call 877-322-8228 or visit AnnualCreditReport dot com.

Step 2
Find a mistakes in your credit report and get to work on getting them deleted. Here’s what you’re looking for – accounts that are not yours, credit cards that are maxed out, and incorrect information of any kind.

Step 3
Draw up dispute letters – one for each credit bureau. It’s very important that you do not dispute too many errors at once, otherwise the bureaus may ignore your letters altogether. You can attach documentation if you have any (copies only). This may improve your odds of the items being deleted.

Step 4
Add positive information to your report that will have a positive impact on your credit history and credit score. Get them reported and entered. Make sure all on time payments are being represented. It’s a good idea to procure a secured credit card as this could improve your balance to credit limit ratio.

Take concrete steps to pay off your debts, especially credit cards. Prioritize your payments so you pay off those debts first, because of the high rates.

Step 5
However, a good and viable option is to seek the help of a trusted credit repair professional as they are experienced in how to repair your credit. This will make your task much easier; all you need to know regarding how to repair your credit, is how you will locate a trustworthy credit repair service.

A few tips are in order; avoid closing paid off credit card accounts; If you do hire a professional agency

be on the lookout for scams; chose only those which have excellent reputation or that come with word-of-mouth recommendation. It would behoove you to inquire with the Ethical Credit Repair Alliance, the “watchdog of credit repair companies.”

Steps To Restore Credit After Student Loan Debt

Originally posted 2011-11-28 05:19:53. Republished by Blog Post Promoter

After having taken several loans in your past, you may have amassed yourself a bad credit score at this time. You may not know it, but if you don’t repair your credit, you may never again be able to get credit from any financial institution in the United States again.

Getting the loans is easy, but servicing them is something else entirely. Before long, a lot of folks find that they are out in very uncomfortable waters before long. But credit repair is possible for the right price. As such, they are not too far out of luck. If you cannot afford the cost of a credit repair service, you should learn to do it yourself. Goodness, of course it is possible! Except that it is going to take some effort on your own. The first step will be deciding where you are going with the initiative, and the second will be to follow it through. It is no tougher than that.

You’re going to be only as successful in life as you can make yourself, and as unfortunate too. Your depressing bad credit situation, for instance, is after all the work of your own hands. Fixing it, therefore, is also going to have to be your own doing. When you fully understand that, you’ll be able to start your credit repair on the right footing.

Take a view of your credit report as of today and ask yourself if that is where you need to be. There are a few people who actually are so on top of their credit situation that they have nothing to worry about. However, several other people are badly in need of a credit repair service. If you find you are one of them, get to it already.

If you need to do some credit repair, a credit repair service with a history of impeccable service delivery is definitely your best option. It would be a shame in your eagerness to saddle in with some firm that is only looking to take advantage of you. That is worse even than a bad credit report.

A bad credit rating is well, bad; but it is by no means a death sentence on your chances for more credit if you need it baldy. It does mean that you have got work to do before any credit institution will touch you. You have to find you some credit repair service to fix your credit.

John is an passionate publisher with a do it yourself (DIY) attitude. John has helped several everyday people achieve financial freedom by creating eliminating debt plans to help eliminate all debt for a stress free life. Living life without financial burden is actually simple with correct debt elimination methods.







Originally posted 2010-02-27 21:00:18. Republished by Blog Post Promoter

This article is a must for anyone considering debt settlement but doesn’t really understand it. It explains exactly how it works and why it’s probably not for you. It will hopefully clear up all misunderstandings, and answer all existing questions.

In general terms, debt settlement refers to a process by which you or a representative negotiates with a creditor to get any, or all of;

a) a reduced interest rate b) a lower balance or forgiveness of debt c) a reduced monthly payment

The above states what debt settlement sets out to achieve and the following describes the ins and outs of the process.

1) You will need cash to make debt settlement work, and if you don’t have any then forget about debt settlement.

2) You won’t be offered a payment plan, but will have to pay a lump sum to either the creditor or his representative.

3) Settlements of debts will most often range between 25% to 70% on the dollar depending on the creditor.

4) But some credit card companies may offer as little as a 10% reduction and will simply say, "take it or leave it", and some lenders won’t offer a deal at all.

5) The best time to start the debt negotiation process is when you are three to four months delinquent because many lenders won’t even discuss the issue if you’re current. You should therefore expect to receive at least two months of letter and phone harassment before you instigate the procedure.

6) Credit card companies and collection agencies make it difficult and frustrating to talk to somebody in authority, so expect to be kept on terminal hold for hours upon hours.

7) Creditors have little or no interest in how much you owe other lenders, and are only interested in getting the highest settlement amount that’s possible. This makes the handling of multiple accounts, which you almost certainly have, very difficult and very frustrating since you’ll more than likely have to go back to lenders several times in order to work out deals that will satisfy all of them.

8) You will be put under a lot of pressure to move quickly, and you will be asked time and time again to wire money within a few hours. The thinking behind this is that it will increase your stress and result in the recovery of money.

9) In spite of the pressure that you’ll be put under, you will have to insist on getting any and every deal in writing before you make any payments because if you don’t, you’ll more than likely get demands for more money.

10) Your credit score will be very adversely affected.

After reading all of the above, you may understandably be tempted to get a debt settlement company to handle the negotiations for you, and there are of course debt settlement agencies that are reputable and reliable, but be careful.

The present economic crisis has spawned a whole host of new companies that often know less far less than is written here about debt settlement, and there are many others that are out and out rip-offs.

Never even consider paying a debt settlement company an upfront fee or any kind of deposit, and always be sure to check out a company with the Better Business Bureau before you sign anything at all.

My personal opinion is that the vast majority of lenders have little or no interest in debt settlement, and would much prefer to simply extend a little more credit in order to ensure that the borrower keeps making endless minimum payments, and incurs ongoing finance charges.

Scores of excellent credit counseling agencies exist however, and many of the best ones will even handle debt settlement. They’re inexpensive, and if you have debt problems and haven’t tried one, then please do so right away.

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 the famous Get Free In Three system which has helped a huge number of people get out from under suffocating debts.

Article Source: ArticleSpan

Originally posted 2012-01-19 01:39:20. Republished by Blog Post Promoter

If you are struggling with poor credit that is keeping you from making the purchases you want to make, don’t give up. Even if it seems hopeless, repairing your credit is entirely possible. If you use the tips and advice in this article, you’ll soon find yourself back on the road to having good credit. Try to get negative items removed from your credit report to avoid FDCPA laws violations. Not everyone knows this, but you can actually do this.

One of the main reasons why people have poor credit is they do not pay their bills on time. What you should do is talk to your bank and set up automatic and recurring payments for your bills. As long as you have money in your account, you won’t have to worry about not paying on time.



You don’t need a credit fairy to do magic when you use common sense and the wisdom in this article towards cleaning up your credit score. Society rewards those that play smart with a little effort, and when you keep these ideas in mind in your money matters, you can be sure to notice unexpected victories in your near future. Pay off all your cards before applying for a new one. By not going over 20%, you are not damaging your credit and not raising the interest rate thus are being saved from facing the debt collectors.

These are few recommendations for anyone looking forward to get rid of credit card debt at his own.

  • Don’t purchase any luxury items until your debts are paid off. You want to focus on paying off any debts that you have so that companies will begin to trust you again. If you spend your money on new electronics instead of on your debts, you look bad and it makes it seem like you’re irresponsible.
  • If you are trying to improve your credit score, do not make the mistake of closing too many accounts at once. While it may seem like a good way to improve your credit by getting rid of unneeded credit accounts, this can actually lower your credit score. Make sure you carefully consider whether or not you want to close an account.
  • Getting in touch with your creditors as soon as you run into trouble can actually help with your credit history. Avoid the temptation to try to hide from your creditors. They’re not going to go away. However, many creditors will be willing to work out an affordable payment schedule if you actually talk to them.
  • One of your first steps in credit repair should be creating a budget. Determine how much money you have coming in, and how much is going out. While creating your budget, take into account your financial goals as well, for example, setting up an emergency fund and paying down debt.
  • If you can’t get an unsecured credit card or loan, get a prepaid credit card or secured loan instead. This is a great way to get your credit repair going by showing you’re a trustworthy borrower who will pay their bills on time. Don’t get a card with a huge upfront fee, though, as there are many options which are reasonably priced.
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