Finance, Loan, Debt and Credit.

March 19, 2018

Credit Card Debt Settlement Warning – Rules To Avoid Trouble

Many people with credit cards find themselves seeking credit cards debt settlement to help end the debt spiral that causes bankruptcy in thousands of people every year.

A settlement can end enormous interest payments that can add up to be more than double the original sum borrowed. However, there are some ways that consumers can run into trouble before and after they try to settle their existing debt. To avoid these problems, there are several things to keep in mind in order to get out and stay out of debt for the long term.

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

“…When negotiating a credit card debt settlement, be careful to keep records of all conversations. This includes letters, phone calls and any meetings that occur. To ensure that an agreement is exactly what it is supposed to be, it’s important to have everything in writing. If the written version of the agreement is different from the verbal version, having the date of the phone conversation, the time it took place and the name of the agent who made the agreement can help with getting the written agreement corrected…”

Avoid falling back into more debt after the credit card debt settlement has been made. Consumers who continue to run up credit card bills after their agreement has gone through and some of the sum has been discharged may find themselves right back in the same position, and this time the company may not be as forgiving. Instead, consumers should work on curtailing spending to avoid falling into the same trap that may have no escape. Consumers should consider cutting up some of their credit cards, seeking out lower-interest cards or taking on a part time job to stay out of debt after the original debt has been paid off.

“…Don’t promise more than can be paid back. Consumers who are able to get a credit card debt settlement must pay the agreed amount on time to keep the agreement in force. Missing the payment or payments can nullify the agreement, making the borrower liable for the entire debt instead of just the settlement amount. When making the arrangement for a reduced amount, offer to make payments if the entire amount can’t be paid all at once. It is better to be able to uphold a settlement amount that is larger than to miss a payment for a smaller one and have the entire deal voided…” H. Milla added.

Further Information By Visiting;

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

March 14, 2018

Credit Card Debt Settlement And Credit Score – Avoid Mistakes

It is easy to make mistakes when it comes to finances because there are so many options and so many people telling consumers what they should be doing with their money.

One of the few things that everyone agrees on is that getting bills paid on time and as agreed is one of the most important things for staying in good financial shape and keeping a high credit score. In some cases, a credit card debt settlement can save a credit score from dropping so low that credit becomes impossible to get.

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

“…Getting a credit card debt settlement is something that does impact a credit score. It will lower the score a little, and some consumers worry about this impact on their credit history. However, what many borrowers don’t take into account is that their credit scores will be far lower if they don’t get a settlement and instead get so far behind that they are sued by their credit card company or have to file bankruptcy because they can’t pay the bill. These have far worse impacts on a credit score, and it takes far longer to recover from them after they happen than a simple debt settlement…”

One of the worst mistakes that a consumer in a poor financial position can make is to wait too long to find out about credit card debt settlement. Though it is often a choice that is a last resort, borrowers should not wait until their financial position is so poor that they are unable to make a reasonable settlement offer to a credit card company. Rather than continuing to struggle to make sky-high monthly payments and paying late fee after late fee, starting the negotiation process can put an end to it all and allow consumers to get a fresh start on their debt before it gets out of hand.

“…For consumers who do choose this route, making a fair offer and taking the time to negotiate it to the best rate possible can be helpful for getting the rate as low as possible. Making a lowball offer that would not be reasonable to a card company is not likely to be accepted, and it may make the negotiation process more complicated. To avoid this mistake, consumers should look at the amount that they can reasonably pay to a company without making a late payment and offer this amount…” H. Milla added.

Further Information By Visiting;

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

February 9, 2018

Avoid Steep Interest And Penalties From Accumulating With A Delinquent Tax Return Checklist

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

If you’ve been lucky so far that your unfiled delinquent tax returns have avoided the IRS’s attention, your luck is about to run out. The IRS’s increased enforcement means that every unfiled tax return will soon be coming back to your door with as much as 25% penalties, interest plus the prospect of prison on federal felony back tax evasion charges. So if you’ve got a late delinquent tax return, act now on the eight easy steps in this unfiled delinquent tax return checklist and you’ll be able check the IRS off your worry list forever.

Unfiled Delinquent Tax Return Step 1)  Don’t panic, but head with all deliberate speed to your nearest tax attorney or Certified Tax Resolution Specialist for a tax relief consultation. When you have an unfiled tax return, it weighs on you like a disease. Every late tax return eats at you, year after year, compounding fear until you feel like you’re going to explode. You need to tell your tax attorney or Certified Tax Resolution Specialist how many years your unfiled delinquent tax returns have been ticking like a time bomb and what (if anything) the IRS has written to you about your unfiled tax returns. If your late tax returns go back for a number of years, you could be easily looking at many thousands of dollars in back taxes and up to 25% in penalties and interest. A call to a tax attorney or a Certified Tax Resolution Specialist is a financially shrewd move because the return on investment can be huge, often slashing or even eliminating your back tax debt for some or all of your unfiled delinquent tax returns.

Unfiled Delinquent Tax Return Step 2) Start with the last year you filed taxes. Go back to the last year the IRS got your taxes. You’ll need figures from that return to fill out those unfiled tax returns.

Unfiled Delinquent Tax Return Step 3) Make sure you have all the tax documents the IRS does. Go to your local Social Security office to get copies of all the W-2s, 1099s and other documents for the years you have unfiled tax returns. The IRS may have gotten a document that you didn’t and this could be the source of some of your unfiled income tax return problem. For example, you may have worked with an out of state client and that may have meant you needed to file a tax return in that state. A good tax attorney or Certified Tax Resolution Specialist can help you recreate your late tax return paper trail.

Unfiled Delinquent Tax Return Step 4) Figure out what your original tax liability would have been. Most tax attorneys and Certified Tax Resolution Specialists work with CPAs, Enrolled Agents and other tax professionals who can help you prepare your unfiled tax returns. Since you know for a fact that the IRS will be examining these unfiled delinquent tax returns with a fine toothcomb, now is not the time for amateur hour. These late tax returns will get the IRS’s harshest scrutiny so you shouldn’t submit anything that isn’t 100% bulletproof. To survive this battle, you need the professional help of a good tax preparer, tax attorney or a Certified Tax Resolution Specialist. If you want to take a preliminary stab at creating the unfiled tax returns so your tax attorney or Certified Tax Resolution Specialist doesn’t have to start from scratch, the IRS has downloadable forms and instructions going back to 1980 here:,,id=98339,00.html. You must also get tax forms for your state. (The state tax offices can be found here: Many states have online forms going back only a few years. If you can’t get the forms for your unfiled delinquent tax returns online, you may have luck going to the library (call the reference desk first) to see if they have the IRS forms you need from the previous years. If they don’t have the late tax return forms for the years you need, contact a tax attorney or Certified Tax Resolution Specialist because they are virtually certain to have the unfiled delinquent tax return forms for the years you need.

Unfiled Delinquent Tax Return Step 5) Verify that the IRS and you agree on the unfiled tax returns. Once you have prepared the late tax returns yourself (or had a tax preparer do it), have a tax attorney or Certified Tax Resolution Specialist check your version of the unfiled delinquent tax returns against the IRS’s estimation of your back tax debt. Sometimes the IRS makes simple mistakes on their Substitute For Returns. The IRS may not know if you’ve had kids in the interim, or that your tax situation has changed substantially. A tax attorney or Certified Tax Resolution Specialist will interview you to determine whether the IRS has an accurate picture of your tax status.

Unfiled Delinquent Tax Return Step 6) Send your unfiled tax returns to the IRS the right way. Any late tax return is too important to send electronically. Go to your local IRS office and hand deliver each return. Get a receipt for each unfiled delinquent tax return. If that doesn’t work for you, then send each return separately via certified mail. Just to be safe, send each unfiled tax return separated by a few days. Also note if you are told that your late tax return is in the collections or SFR (Substitute For Return) office. Be sure to get the proper address and sent each unfiled delinquent tax return separately to that address.

Unfiled Delinquent Tax Return Step 7) Send in each unfiled tax return with a check for $5. Your interest and penalties for each late tax return compound with every day of non-payment (as much as 25%). Stop that clock as soon as you can by filing those unfiled delinquent tax returns immediately.

Unfiled Delinquent Tax Return Step 8) Have your tax attorney or Certified Tax Resolution Specialist devise an IRS payment game plan. Can you pay your unfiled tax return back tax debt in full? Should you? Should you try for an Offer In Compromise? Should you try to get an IRS payment plan for your late tax return back tax debt? Expert tax help from a tax attorney or Certified Tax Resolution Specialist can help you decide on the game plan that makes the most sense for you. Remember that a good tax attorney or Certified Tax Resolution Specialist can often get you an Offer In Compromise tax settlement that will be pennies on the dollar.

If you follow these steps to solving your unfiled delinquent tax return problem, you can find hope. Working with a tax attorney or Certified Tax Resolution Specialist is the best way you can get many happier tax returns.

Michael Rozbruch is one of the nation’s leading tax experts. A Certified Tax Resolution Specialist (CTRS), licensed CPA and the founder of Tax Resolution Services. He helps individuals and small businesses solve their IRS problems and is dedicated to educating the public on tax planning and other strategies for managing their personal and business finances.

February 3, 2018

Can A Credit Card Company Sue You – Being Sued For Debt and Advice On How You Can Avoid It

Credit card companies and collection agencies are quite within their rights to take legal action against you if you have failed to pay a debt that you legitimately owe.  Taking out credit is a legal agreement, so if you fail to keep up with your end of the bargain by not paying the money back when it is due, you can be sued.

This does not mean that it is a foregone conclusion that you will be sued, as it can depend on many other factors.  Taking someone to court will obviously cost the card company money, so they will want to weigh up the cost in legal fees and staff time, compared to what they are realistically likely to get back at the end of the process.

The fact that you are sued does not magically bring money out of the air for the card company, so if you genuinely cannot afford to pay back what you owe, being sued will not change that.  If they successfully sue you, you will be ordered to pay back the money at a rate which the court decides you can afford, after looking at your finances.

You do not want a court judgement against you if you can help it, of course, so it is much better to deal with the problem before it gets to the stage of going to court.  By far the best way to deal with credit card debt is to agree a settlement with the company.  This may sound easier said than done, because it is, but it is perfectly possible to agree settlements for much less that you owe, if you understand how the card companies work.

My usual advice to anyone in debt would be to never ignore the issue and to talk to your creditors and try to establish a relationship.  However, credit card debt is quite a distinct area of debt and requires some specialist advice.  For instance, at certain times, it may actually help to ignore approaches from the card company, because timing, in settlement terms, is everything.  Judging when to negotiate and when not to, can make the difference between not achieving a settlement and wiping out most of your debt.

Find out about the ultimate guide to the secrets of effective credit card settlement. Read the author’s step by step guide to getting rid of debt by negotiating with your creditors on his Debt Assistance website. K D Garrow has worked as a senior manager with significant financial responsibility for the last twenty years. His website offers free, unbiased advice on a range of debt related issues, including debt consolidation, UK IVAs and debt management plans.

February 2, 2018

Being Sued By A Credit Card Company – Dealing With Being Sued And How To Avoid It

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

Being sued by a credit card company can be a distressing experience, often with long lasting consequences.  Just being threatened with legal action can be a cause of great anxiety, even if you are not sure whether the credit card company actually intends to carry out the threat or not.  It is safe to say that most companies who are owed many may well threaten to take you to court, even if they have no intention of doing so.  It is just another weapon in the financial recovery arsenal.

If you are at the stage where you are being sued for debt, the first thing you must do is take legal advice.  If you have a summons to attend court, you must attend, as the case will go ahead whether you are there are not, and the case against you will be upheld if you are not there.  Do not worry about being sent to prison, that cannot happen if this is the first time you have been sued for a debt.

If the case goes against you the worst that is likely to happen is that you will be ordered to pay back the money you owe at a rate set by the court.  They will examine your finances and make a decision about what they believe is an affordable rate at which to pay it back.  Once this has happened and there is a court order against you, it is very important to stick to the terms of the order.  If you do not, there are more serious legal consequences that the credit card company can then try to use against you.

If you have not got as far as actually receiving a summons, it is not too late to take steps to address your debts and prevent legal action.  The worst thing you can do is ignore the situation, because then the credit card company might assume you can afford to pay up but are just choosing not to.  You need to let the credit card companies know that you take the situation seriously, that you are in genuine hardship, but also that you are doing something to address the problem.

The best ways to tackle debt and prevent being sued by a credit card company are to set up a debt payment plan.  This way you get your creditors on board because they can see that you will be making regular payments and they know when the debt will be paid off.  The most usual approach is to use a debt management plan to consolidate all your debts into a single payment.  For this type of plan your debts need to be to more than one company, and they are ideal for credit card debts, personal loans and other unsecured debts.

You need to have a steady income to be able to afford the monthly payments on a debt management plan, but if your situation is really serious, you might need to consider debt settlement instead.  You still have to make a regular monthly payment towards your debts, but it tends to be less, because the debt settlement process depends on getting a large percentage of your debts written off by the credit card company.  You make regular payments into a separate pot instead of paying anything direct to your creditors, then as the debt settlement company reach agreements to settle a debt, you use the money to pay it off.  It is not unusual to get up to 60% of your credit card debts written off.

If you do want to look into debt management or debt settlement, you must find a good company to advise you and set up this arrangement for you.  We have all heard horror stories about debt companies that take money from people and leave them worse off, but this is entirely avoidable if you just take some precautions about finding an ethical company to work with.

You can safeguard yourself by following recommendations for only those companies that are known to be very well established.  If you stick to companies that have been around a while and which have lots of satisfied, debt free customers, you will be OK.  As a final safeguard it is a good idea to apply to about three companies so that you can then make a judgement about which is best for you.

Read reviews and recommendations for the best debt management companies in the UK and US, as well as the best organisations for debt settlement online. K D Garrow has worked as a senior manager with significant financial responsibility for the last twenty years. His website offers free, unbiased advice on a range of debt related issues, including how to find the best IVA UK company.

January 30, 2018

Can A Credit Card Company Sue You For Debt – Action To Avoid Being Sued For Debt

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

Credit cards are an essential part of the way we all live today, but the very convenience of them can make it all too easy to overstretch ourselves.  Being able to just make a minimum payment each month is very tempting, but in the long term it can lead to very substantial debts that become difficult or impossible to pay back.  This is the point at which the card companies who were so eager to help us spend money now turn rather serious and start threatening to take us to court.

This is not a pleasant experience for anyone, particularly if you do not understand the legal situation and are not sure if they really can do what they threaten to.  Sometimes your dealings will be with the card company themselves, and other times you may be approached by a debt collection agency.  Not all collection agencies have a reputation for honesty and integrity, so it is understandable that we may wonder if they are telling us the whole truth when they threaten to sue.

The fact is that a credit card company can sue you for debt if they choose to, and it does not really matter whether you are being approached by the card company or a collection agency.  The agency will either be acting on behalf of the card company, or may even have bought the debt themselves.  In the latter case you will now owe the money to the collection agency and the principles around being sued are exactly the same.

The consequences of being sued successfully are that a court order will be made against you, and you will be ordered to make payments at a rate that the court decides is fair, considering your financial circumstances.  You do not need to worry that you might be sent to prison as a result of this action, but it will have a lasting impact on your credit rating and is certainly best avoided.  Also, the consequences do get a lot more serious if you then default on the payments ordered by the court.

Whether the card companies will sue you or not depends on many factors, but if you appear to just ignore the situation, you are making it far more likely that they will.  Even if you are already being threatened with legal action, it is not too late to avoid this by using one of the options available to you to deal with your debts.

Credit card debt is what is called an unsecured debt, as it is not tied to any asset (unlike your mortgage for example).  If you have a substantial amount of unsecured debt there are two main options open to you that will lead to you being debt free again, so these are at least worth considering.  They are for any kind of unsecured debts, so could also include any personal loans, bank overdrafts, etc.

The first option is a debt management plan, which involves a specialist company negotiating new repayment terms with your creditors.  This leads to a single affordable payment that you make each month to the debt management company.  It instantly reduces what you pay, simplifies your payments and stops the card companies hassling you.  To set up a plan you need to have an income and some money spare each month to meet the payments.  Such plans are widely available in both the US and UK.

If your situation is more serious and you would struggle to make the payments on a debt management plan, then your best option may be debt settlement.  This involves using expert negotiators to work out deals with all your creditors to settle your debts for substantially reduced amounts, in exchange for quick repayment.  In the UK there is a scheme called an IVA, which fulfils the same function as debt settlement, dealing with serious debts and writing off part of them.

So if a credit card company is threatening to sue you for debt, the best thing you can do is look into debt management, settlement or an IVA, depending on your situation and where you live.  This will send a clear message to the card companies that you are trying to tackle the situation.  When it comes to finding a good company to work with, you need to be cautious as there are a huge number to choose from, and they are unfortunately not all effective or ethical.

The best ones are experienced experts who will do all they can to get you out of debt, whereas the worst ones are really just out to take money from you.  You should therefore always look for well established companies that can demonstrate a record of success in dealing with people in debt.  The safest starting point is to follow recommendations for known reputable companies and to always approach at least two, so that you can consider what each one offers and choose which you prefer.

Read reviews and recommendations for reputable online debt settlement companies and UK IVA providers. K D Garrow has worked as a senior manager with significant financial responsibility for the last twenty years. His website offers free, unbiased advice on a range of debt related issues, including recommendations for the best debt management companies in the UK and US.

August 25, 2017

Shopping Around For An Unsecured Debt Consolidation Loan: How To Avoid Scams

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


One avenue that you might want to pursue if you are looking for a way in which to better manage your finances and your debt is obtaining an unsecured debt consolidation loan. If you’ve started the process of trying to find a reliable and reputable unsecured debt consolidation loan lender, you may feel a bit overwhelmed. To begin with, even when considering reputable and experienced unsecured debt consolidation loan lenders that are in business today, there are many, many from which you can choose.

What makes the whole process more difficult is the fact that there are many sham operations in existence today that prey upon people who are looking for a unsecured debt consolidation loan. In this regard, it is important for you to be armed with information about how you can avoid scams associated with the unsecured debt consolidation loan business in this day and age.

The Importance of Doing Your Homework

One of the most important steps that you can take in order to avoid falling victim to a scam unsecured debt consolidation loan lender is to do you homework. By really taking the time to find out all you can about a potential unsecured debt consolidation loan lender, you will be in a far better position to avoid becoming the victim of a scam relating to a unsecured debt consolidation loan.

There are many different resources that you will want to take advantage of when it comes to the research process associated with finding a reputable unsecured debt consolidation loan lender. This includes resources both in the brick and mortar world and on the Internet and World Wide Web.

Get References and Referrals

In order to best protect yourself against scams associated with unsecured debt consolidation loan lenders, get references and recommendations about any unsecured debt consolidation loan lender before you elect to do business with that lender. In getting references, you need to remember that word of mouth is very important. You can find out a great deal about different unsecured debt consolidation loan lenders through the word of mouth process. Moreover, you can gain information about different unsecured debt consolidation loan lenders that are involved in scams and sham operations.

If the Deal Sounds Too Good …

You naturally have heard of the old, old saying that if it sounds too good to be true, it probably is. This saying has definite application to the world of unsecured debt consolidation loan lenders. You likely will stumble across different would-be unsecured debt consolidation loan lenders that make promises that are too good to be true. When you come across these situations, you need to avoid these unsecured debt consolidation loan lenders.

Read the Entire Unsecured Debt Consolidation Loan Agreement

Finally, there is a great deal of truth to the advice that you need to read an agreement before you sign it. This is very true when you are dealing with an agreement associated with an unsecured debt consolidation loan.

Thomas Erikson is co-founder of which provides debt consolidation information and solutions. Find out how you can effectively get your finances under control with an Unsecured Debt Consolidation Loan.

October 29, 2016

Credit Dispute – Avoid Getting Flagged

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

Credit reporting systems are rigged to serve corporate interests first. With that being said, it is important for you to know how you should be able to handle a credit dispute properly and safely maneuver yourself within all of the consumer protection laws in order to fix your credit score with the main goal of beating collection agencies at their own game without raising any flags.

When it comes to credit repair, you’ll have no problems finding answers for any of the questions that you might have in mind. Be wary however that some information will generally be more useful as compared to others and some will even put you into deeper trouble instead of helping you out.

So, to achieve the results that you want while avoiding getting shot down in the middle of the process, here are a few tips that you might want to keep in mind:

Keep your cool: Putting your anger or frustration down to your credit dispute letters will always equate to negative results. So try to keep your cool and just stick to the facts, leave your emotions out of it as you might actually end up dropping your score instead. Taking the time to write a concise, legally binding letter will hold more water as opposed to just shooting at everything and taking down nothing.
Don’t dispute by phone: Put everything into writing and be sure to send it by Priority Mail, Confirmation of Delivery – no signatures required. This way you will have the paper trail required if the credit bureau you sent to isn’t able to properly verify your dispute, giving you leverage over the entire matter.
Never file trivial disputes: Pretending not to owe the credit bureaus anything when in fact you do will be a guaranteed way to set off a flag against you and forfeit your right to dispute later on.

If you know that the information is incorrect yet do not have sufficient understanding of how to dispute the item properly, do not hesitate to call in the experts. They are always there to help you out whenever you need it. Yes, this may contribute to expenses in the end but considering that mistakes can be quite costly and the effects can reverberate for quite some time, the money you spend will be very much worth it. Handling a credit dispute can be tricky, but as long as you have all the tools you need to handle the situation properly, rest assured the results will be beneficial to you in the end.

August 14, 2016

Student Loan Consolidation Rate – How to avoid debt default by Student Loan Consolidation Rate

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

You have a residual amount of the loan will be disbursed for payments? Note that you can be the non-payment of loan to serious negative consequences for your finances. The fracture line of standard memory to disk, the introduction of high costs and a sharp decrease credit.

Did you just go out like that no one monitoring their loan if you do not? Either you deal with serious financial problems that no other choice than standard blades? If the default, yourCredibility in his case, and redemption fees, which rise. A quick way, your worries end for a good price for consolidating student loan to go.

Exactly what is meant by mistake?

Do not make your payments for a specific breach of your loan. Some donors do not consider a borrower in default, unless he or she fails to make payments, which for a whole year. Creditors are not like all the other default by the borrower is treated, without formalNotice by mail or e-mail.

Once the loan is a loan, you must take steps to transform their state into a loan. The default is a very serious problem that your credit score and credibility compromised. It will take time for you to your good will, the creditor back. Not less than twelve consecutive months late, and to improve the pay until your credit score.

So no matter what happens, try to avoid,Violation of their loans. It is always the possibility of recovery, regardless of whether they opted for a federal loan or private loan. In the case of a federal loan, for the deferment and forbearance. In the case of a private loan, enroll in a good set of student loan consolidation to remedy the situation. This is a good option that you always have the patience and postponement of other resources, the situation has not improved.

What is different?

Since the termshows, with the option to defer loan payments for a certain period of time. The suspension of your loan and pay no interest for the period that have opted for a delay when you receive a loan. This is a common option, if the borrower is still business.

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