Finance, Loan, Debt and Credit.

November 30, 2017

Debt Settlement Attorney

Debt Settlement Attorney

A debt settlement attorney specializes in negotiating with creditors to reduce the amount of debt the individual must repay. They will contact each one of the creditors and each collection agency to stop the late fees, penalties, and premiums building up on all accounts. The debt settlement attorney will establish agreements so the credit card companies and collection agencies will contact the attorney instead of the consumer. It is also the responsibility of the debt settlement attorney to obtain the consumers credit report and work to remove any misleading, unsubstantiated, or incorrect items. This is a very important service that should be utilized by the consumer to restore credit ratings and create a plan for future financial management.

Using a debt settlement attorney is vastly different from credit counseling. It can be risky to your credit, but if your credit is already destroyed you may have little to lose and more to gain by settling outstanding debt. Debt settlement is much more aggressive than credit counseling, and it can get you out of debt in half the time of credit counseling. Many states have laws regulating debt negotiation companies. To see if your state permits debt settlement, contact your state Attorney General.

If you ignore the debt long enough, you stand a good chance of never hearing from the creditor again. Seven years after the debt is written off, the negative listing disappears from your report altogether. But if you pay the debt sometime before the end of that period, the seven year cycle starts all over again. Not exactly what one would call an incentive. It’s like getting time added to your sentence for good behavior.

Fortunately, creditors make their money by collecting the debts, not by reporting negative credit information. Creditors recognize this catch-22, and are therefore often willing to delete the negative listing upon settlement. If you are going to settle with a creditor, be sure to have your debt settlement attorney negotiate removal of the listing from your report.

Keep in mind that using a debt settlement attorney usually applies to unsecured debts like credit cards, medical bills and department store cards. Things like mortgages, student loans, alimony and child support fall into the category of secured debt and there is usually not much that a debt settlement attorney can do with these types of debts.

In debt mediation the consumer confers his mediator with limited power of attorney to work out lump sum settlements on specified debts at reduced amounts. The consumer ceases their credit card payments and instead pays the mediator an agreed amount monthly to fund settlements.

Debt mediation addresses the amount owed (principal) as well as interest and fees, sometimes reducing the total obligation to as much as 40% of the original debt. Creditors prefer such settlements to the risk of bankruptcy and report such settlements “paid as agreed” on the consumer’s credit record.

Your credit could, however, be affected in a negative manner.  Some creditors will not mark their debt paid as agreed, and it will remain on your credit report for a number of years.  Consumers still opt for debt settlement because they find it preferable to bankruptcy.  Usually, the way it is reported on your credit record involves the words “Settled” or “Settled as Agreed” or “Paid as Agreed”.  However, all the late payments may remain on your credit report until the statute of limitations runs out.  At that point, credit repair might help to remove the negative marks if the reporting creditor fails to provide documented proof to the reporting agency.

For more useful information on how to find a debt settlement attorney, please visit Total Debt Relief.

Is Debt Consolidation Always to Your Advantage?

Filed under: Debt — Tags: , , , , , , , , , — admin @ 12:46 am

You may wonder if by consolidating your debt you really will be able to reduce your income-spending ratio and obtain monthly payments you will actually be able afford. This is a question that needs to be answered by carefully considering your debt as debt consolidation cannot be successful with all kind of loans and other debt.

If debt and bills keep pilling up you may eventually have to make a decision. Whether that decision is to take a debt consolidation loan, contact a debt consolidation agency or resort to more critical decisions like filing for Bankruptcy, it is definitely a choice that cannot be rushed in.

Debt Consolidation = Debt Reduction?

Debt consolidation in particular can provide up to a 70% of debt reduction in certain situations, however, this is an ideal scenario. Only if your debt is composed of unsecured loans and credit card balances or store card balances you will be able to achieve such amazing results.

However, if too much of your debt is secured, it is less probable that you will be able to obtain such a significant cut on your debt. Moreover, there are certain loans that though not secured, have promotional interest rates that cannot be matched or reduced even more. Thus, it makes no sense to try to include them in a debt consolidation program.

To be more specific, the following loans are seldom consolidated: Home loans, home equity loans, home equity lines of credit, refinanced home loans, federal loans for first time home buyers, federal student loans, other government loans, private student loans from non-profit organizations, etc.

Secured loans can only be consolidated by means of a secured consolidation loan. In other words, you have to resort to refinancing in order to reduce the burden from home loans and home equity loans and lines of credit. When it comes to car loans, the problem is the same, an unsecured consolidation loan will never be able to match the low interest rate that car loans provide due to being secured and thus you will need to refinance the car loan if possible or consolidate via a secured consolidation loan guaranteed with another property.

Debt Consolidation

However, do not get confused; debt consolidation loans are not the only form of debt consolidation. Debt consolidation is mainly debt negotiation and sometimes, by means of a debt consolidation loan, all your debt (or most of it) can be reduced to a single loan with a unique and lower monthly payment.

Debt consolidation agencies however, first contact your creditors and agree with them a reduction on your debt by reducing the interest rate you pay and sometimes they can even obtain a cut on your debt’s capital. As stated above, by these means you can achieve a debt reduction of up to 70% but most importantly you will be able to make your debt affordable again, thus driving away the risk of defaulting or having to go through a bankruptcy process. After this negotiation deal has ended debt consolidation agencies can provide a debt consolidation loan or not. In most cases, even without a debt consolidation loan, all payments to creditors will be made through the agency.

Devora Witts is a certified loan consultant with several years of experience in the credit area who instructs people regarding credit recovery and approval for personal loans, home loans, consolidation loans, car loans, student loans, unsecured loans and many other types of loans. If you want to understand Government Grants and Credit Cards thoroughly you can visit her site

November 29, 2017

Debt Consolidation is not Always the Right Solution

Debt consolidation can save you from debt problems, can improve your credit score and save you thousands of dollars. However, not all debt can be consolidated and given that there are different consolidation programs you should check if the one you chose or the one that the agent chose for you is really to your advantage.

There are many reasons why debt consolidation may not be the right solution for you. Debt consolidation cannot solve debt problems for all kind of debts. Debt consolidation may be too expensive if debt has already affected your credit and you do not have collateral. And certain debt consolidation programs may be nothing but scams. Thus, you need to be well aware of what you are getting into.

Debt Not To Be Consolidated

For starters, you should understand than not all debt is suitable to be consolidated. The reasons for this are varied. Most subsidized loans already carry very low interest rates and thus, it makes no sense to consolidate those loans by using a more expensive loan. This is always true, unless of course what you need is to reduce the monthly payments by extending the loan repayment period.

There are many subsidized loans. Government loans for students, private loans for students, government loans for first time home buyers, government loans for starting businesses, government loans for research disciplines, etc. are just a few examples of subsidized loans that are not suitable for consolidation.

There are loans that being secured are not suitable for consolidation. Though refinancing can be a form of consolidation if other loans and debt are repaid with the exceeding cash obtained from a cash-out refinance loan, truth is that very seldom a home loan or home equity loan is included in a debt consolidation program.

Debt Suitable For Consolidation

Generally speaking only debt which is unsecured in nature and secured debt taken when your credit score was low (bad credit debt) is suitable for debt consolidation. The latter will be suitable only if your credit score has improved or if you can provide better collateral and thus obtain a more competitive interest rate.

Examples of unsecured debt are: unsecured personal loans and personal lines of credit, credit card debt, store card debt, pay day loans, cash advance loans, certain student debt, bank account overdraw agreements, bank pre-approved personal loans. All of these can be consolidated into a single loan or the terms negotiated by a debt consolidation agent.

Debt consolidation in the form of a loan carries the advantage of obtaining a single and lower monthly payment that will simplify your budget while you work on your expenses. Debt consolidation in the form of negotiation is also an excellent tool that can provide a solution by reducing rates, eliminating debt generated by interests or extending the repayment programs so as to make debt more affordable. And finally, both methods can be combined offering an excellent way of eliminating debt, managing finances and improving credit score in the same debt consolidation program.

Amanda Hash is an expert financial consultant who specializes in helping people to recover their credit and get approved for home loans, car loans, personal unsecured loans, unsecured credit cards, refinance home loans, consolidation loans, student loans and other financial products. If you want to learn more on how to get approved for Bad Credit Personal Loans and Instant Payday Loans just visit and you’ll find all the information you need.

Debt Consolidation Agents Need to be Supervised

Debt consolidation is a complex process and the aid of professionals is almost always needed. However, it is smart not to confide too much on the consolidation agents and keep an eye on whatever they do with your debt. A proper supervision of their work can save you a lot of trouble and probably money too.

As with any financial product, debt consolidation is provided by many different agents. The debt consolidation market is packed with different consolidation agencies offering their services to anyone who needs them. However, there are also unscrupulous agents and agents that though are legit, are just beginning to work on the field and their expertise is not that promising.

What Debt Consolidation Agents Do

There are different debt consolidation programs and a wide variety of actions that debt consolidation agents can do in order to reduce the amount of debt you hold and the weight of that debt in terms of interests and monthly payments. All these actions have consequences and you should discuss them with your agent in order to avoid future problems.

Among the things that debt consolidation agents can do are the following actions: negotiating with your creditors new repayment programs, debt cancellations, reductions, interest eliminations and reductions, closing accounts, opening new accounts, transferring balances, taking up loans to repay debt, etc.

All the above have serious implications in your credit and can reduce or eliminate your ability to get finance during the consolidation process and later too. Thus, you should make the agent well aware of your financial needs prior to him starting the debt consolidation program. Whether he takes full control of your finances or not, his actions will irremediably have consequences that you need to consider.

Debt Negotiation, Reductions And Cancellations

When a debt consolidation agent negotiates with your creditors he can modify the variables of your debts. But these modifications will have immediate consequences on your credit. A repayment program extension will modify your income to debt ratio not only on the current loan years but on the years added too. Besides, the lenders may decide to inform that their debt has been subject to negotiation to the credit bureaus which will trigger an alarm on most lenders in the future when they read your credit report.

Opening And Closing Accounts

Both opening and closing accounts do not have to carry consequences to your credit provided that are done moderately. But if you suddenly close all but one of your many accounts, your credit will undoubtedly reflect this fact and not precisely in a positive way. Any report that shows lenders that you have been included in a debt consolidation program will scare them away if you want to get finance in the near future.

Transferring Balances And Taking Up Loans

To consolidate debt you can transfer credit card debt to other low interest cards or take a loan to consolidate all your debt into a single monthly payment. If a loan is taken, your debt will increase, because although the balances will be paid, on your report, the credit cards will remain as outstanding credit. And if your credit cards are cancelled and the accounts closed, that will also be reported and will show up on your credit report.

Thus, you should expect low chances of getting approved for new loans in the near future if you plan to consolidate your debt. However, that is probably the whole idea of debt consolidation: To avoid new debt and eliminate progressively your current debt so you can become debt free and your credit score starts to recover.

Melissa Kellett is an expert loan consultant who has worked for twenty years in the financial industry and helps people to repair their credit and get approved for home loans, unsecured personal loans, student loans, consolidation loans, car loans and many other types of loans and financial products. If you want to learn more about Loans for People with Bad Credit History and Unsecured Loans you can visit her site

November 28, 2017

Tax Return Outsourcing – Cost and Time Effective Services

Filed under: Tax — Tags: , , , , , , — admin @ 12:47 pm

As a responsible citizen of a country we all must pay our due taxes. It helps us in improving our economy and taking it one step ahead. It is not always our morals which hinder us from paying the taxes, but the complicated process of calculating the amount of tax to be paid and the payment procedure. To make it easy and hassle free, now you can go in for tax return outsourcing. Outsourcing tax return services helps the business to economize on the coast of maintaining officials for computing the tax amount. This helps the business to invest that money in more needful business operations.

The most important aspect of a business house is to pay timely and exact amount of taxes to evade any sort of complications. The business house must clear all its due taxes, so as to carry on its operations successfully. If even a single payment is missed, the government would levy huge fines on your company, affecting its goodwill and working.

To avoid last minute complications and fuss, it is better to account the amount of taxes, regularly. Calculating the tax is not easy. It requires sincere efforts and hard work. Most employees in the accounting department are not well trained or experienced in calculating the amount due for the taxes. It’s no cake walk to maintain the records of the taxing details. As it is of prime importance it is advisable to look out for professional and exclusive services for the computing of the tax amount. These days there are many tax return outsourcing service providers available in the market and they offer personalized services.

The tax return outsourcing service providers recruits a team of highly qualified and professional employees. They are certified CPA’s, thus they offer supreme quality services to its various clients. The team is efficient in computing taxes for different companies accurately. They keep a watch on the changes in the policy of taxes and its affect on the process of computing the amount of tax to be paid by a business. These professionals make sure that they file the data, create track sheets, and other necessary things needed to file the right amount of taxes.

You can look out for Tax Return Outsourcing service providers easily on Internet. You can shortlist two or three names and then scrutinize the details. Read the company profile, the list of existing clients and read reviews if they are given. This would help you choose the best service provider, without much trouble. If someone in your friend or family has recently made use of such service provider, ask them about the company and their reviews. If the reviews are satisfactory, you can even catch hold the same service provider, for outsourcing their services.

While selecting the tax return outsourcing service provider make sure that the company is reliable and your data is not misused. The company must follow the policy of honesty and should not cheat the client with their valuable and confidential information.

Michelle Barkley is a CPA who advises people on tax preparation and tax calculation. She specializes in Bookkeeping outsourcing, accounting outsourcing, Tax Return Outsourcing,back office outsourcing. To know more about Accounting outsourcing Service visit

Bank Credit Card Debt Can Be Solved Through Settlement

If you are behind in your bank credit card payments, one option to solve the problem is using debt settlement. This option is more drastic than debt relief efforts, which reduce the interest rate or payment amounts, but less drastic than bankruptcy.

When you engage an agency to help you use debt settlement on your credit card debt, you start paying a monthly amount into a savings-type account set up by the agency, instead of making a monthly payment to the credit card company.

Hector Milla Editor of the “Credit Card Debt Free” website — — pointed out;

“…When the amount that you have collected in this savings account is large enough, the agency contacts the credit card company on your behalf and negotiates a lump-sum debt settlement for less than the balance on the account. The agency will work to remove all interest charges and late penalty payments that have been added to the balance, and reduce the amount that was actually charged to the card…”

This method of debt relief can allow debt holders to pay off large sums of money owed to credit card companies in a shorter period of time than it would take with minimum payments. Debt settlement accounts are usually targeted to pay off the debt in three years or less, depending on the willingness of the credit card companies to negotiate, and your ability to make payments to the savings account.

The agency may charge a fee for the services they provide during the debt settlement process. This fee should be factored into your overall savings when deciding on this process.

“…Engaging in a credit card debt settlement process will not improve your credit score, at least in the short term. Credit card agencies will continue to try to collect the money you owe them, and your payments will be recorded as late, until the debt settlement is negotiated…” added H. Milla.

Further information about trusted and reputable companies for credit card debt settlement by visiting;

Hector Milla runs his corporate website at where you can see all his articles and press releases.

November 27, 2017

Debt Consolidation Loans: Reduce the Number of Debts

Filed under: Loan — Tags: , , , , , , , — admin @ 12:48 pm


If you are embedded under the stack of loans and want to get rid of these heaps then debt consolidation is the option for you. Debt Consolidation Loans combine several loans or liabilities into one loan.


Debt consolidation is the process of taking up a new loan to pay off a number of old debts. These loans merge of all your debts to allow you to have lower interest rates and simplicity of a single loan.


Debt consolidation loans can be availed to anyone irrespective of their credit history. Even a bad creditor can enjoy the benefits of a debt consolidation loan. A reduction in the number of loans and debts helps a borrower improve his credit report which in turn affects the credit score. Thus, elimination of list of creditors from the credit report helps a borrower to improve his credit score. Thus, with the help of these loans a bad creditor gets an opportunity to mend his/her credit record and rebuild a fresh credit image.


Debt consolidation loans are of two types- secured debt consolidation loan and unsecured debt consolidation loans. These loans are apt for homeowners and anyone who can place some form of security. While, unsecured debt consolidation loan is for tenants and homeowners who do not have or do not wish to place security.


Debt consolidation loan offer its applicants with a number of benefits like-



Debt consolidation loan merge all your various loans and debts in one which allows you to breathe freely and without tension. This allows you to pay off all the bills and multiple loans in one easy installment at a reasonable rate of interest.

Rick Russel has no formal degree in finance, but years of work that he has put in the finance industry makes him perfectly eligible to be called an expert in financial matters. To find debt consolidation loan, remortgage debt consolidation loan, bad debt consolidation UK mortgages, debt consolidation mortgage UK visit

Planning For A Debt Consolidation Loan

Filed under: Debt — Tags: , , , , , — admin @ 12:47 am

It can be absolutely hard to do away with bad credit even when you have a debt consolidation plan, most especially when you still use your credit cards indiscriminately. To succeed with a debt consolidation plan, you are going to avoid using your credit card too much. A lot of individuals fall into the false sense of security that a debt consolidation loan give and may end up using more cash on their credit cards.
It is imperative that you consult a debt consolidator expert on the best way to consolidate your debts if you are planning so. A debt negotiator expert is one who is totally knowledgeable at bargaining and negotiating debt terms. A good debt negotiator will make sure that you walk away with the best debt consolidator deal.
Debt consolidation loans help to ease worry and anxiousness from your mind because it enables you pay off your outstanding debts. Thanks to debt consolidation loans, you can simply do a way with all those credit card debts that are scattered all around the whole place. Consolidating your debts help to bring clarity and purpose to your debt payment plans– more organized approach of debt payment.
It can be very embarrassing to have creditors knocking on your door because of your debts, right? Lots of debtors have been dragged to court over credit card debts. With the right debt management loan, you can easily avoid the embarrassment of house calls and court orders related to outstanding debts.
Christian debt consolidation companies help to manage the debts of Christians individuals. Christian debt consolidation companies help to negotiate loans for their clients and make sure that their debts are managed. If you are a Christian with a desire to manage your outstanding debts, you can consult a Christian debt consolidation company.
Apart from debt consolidation loans, there are other alternatives to get rid of debt. Some individuals get rid of debts by taking up two jobs to increase their source of income. But many people say that debt consolidation is the fastest avenue to pay off credit card debt.
An ideal candidate for a debt consolidation loan is an individual who has enormous credit card debts. Credit card debts can keep you away from perpetual misery and penury too. With a good debt consolidation plan, you can live your life with some measure of financial stability.
Remember, do not to trust all the low interest offers that most debt consolidation companies give as they may be bogus half the time. Stay away from debt consolidation programs that try to get you to join one affiliate program or the other. Try to research other debt consolidation alternatives before you make any choice.

For more information, visit

November 26, 2017

Is Getting A Bad Credit Mortgage Refinance Loan Suitable For Me?

Filed under: Loan — Tags: , , , , , , , , , — admin @ 12:47 pm

Usually, when one avails of refinancing, they want lower interest rates, but this may not always be the case with a bad credit mortgage refinance loan. When you have bad credit it means that you haven’t been paying your debts as diligently as you ought to, which means that you also have a low credit or FICO score. Because of this, banks and other lending firm will be less willing to give you the refinancing loan that you want to lower interest rates and lessen payment periods.

The good news, however, is that all is not lost. Many lending firms have special programs that will reconsider offering poor debtors with refinancing options. These bad credit mortgage refinance loans will not offer the lowest interest rate and the best repayment terms, however, they will help ease the burden of high monthly payments or, if you’re lucky, give you a better value than your previous mortgage if your credit has somewhat improved from when you got your first loan, but only if you are lucky.

When you are considering a bad credit mortgage refinance loan, it is best to take your time in deciding what is best for you. If you are at a loss, it might be helpful to get a broker or an expert who can advise you on what direction to take or to help you find the loan with the most helpful payment terms.

There is a caveat. Even if a lending firm offers you more affordable monthly payments, this doesn’t mean that your overall loan will be less than your previous mortgage. Chances are the lower monthly payments will only help ease the financial burden that you face every month in making ends meet. However, in the long term, you will end up paying more than your previous mortgage offered.

Our best advice is to do your homework, write it down, and see the differences that the different lenders have in their individual bad credit mortgage refinance loans. Major factors to look into are the interest rate, the annual percentage rate, the service fees and processing charges, and the loan payment duration. With these pieces of information, you can make a good comparison on the different options you can apply to your situation.

If you feel that the refinance loan is not worth it, you may opt to continue with your mortgage now and simply try your best to improve your FICO score so that you can refinance and get a better interest rate in the future. However, for those who may be desperate to find an immediate solution to keeping their homes refinancing on bad credit, this may be the best option that you’ve got.

Find out if Bad Credit Mortgage Refinance Loan is what you are looking for to ease your financial burdens. Read more about bad credit and home refinancing on for the best advice in home loans.

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