Finance, Loan, Debt and Credit.

May 26, 2018

Honest Credit Card Debt Settlement Companies

When you begin to fall back on your credit card payments, it seems that your telephone never stops ringing with someone often reminding you of what a terrible person you are for not immediately resolving your financial obligations.

The basic tactics behind these collection calls is to wear you down, hoping that over time, once you’re sufficiently intimidated, you’ll pay off the entire amount owed on your bill.

Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — — pointed out;

“…This perpetual harassment begins to escalate in quality until you dread even talking to the caller. However, there is a way to completely clear your credit card debt without having to come up with money that you simply don’t have and that you don’t have enough time in the day or opportunity to earn. This way is a process called credit card debt settlement…”

So what is this way of getting rid of your financial obligations legally and how do you go about using it?

Debt Settlement Explained In Simple Language

It’s possible to renegotiate with your creditors, asking them to cut your bill by as much as 60 percent, enabling you to pay the whole thing of at once and close your account with them.

The revolving credit company will work with you provided that they have reason to believe that by ignoring your plea for help, you will refuse to pay them anything at all.

Unfortunately if you call them up yourself, you’re less likely to succeed than if you hired a professional company to represent you.

How To Find An Honest Credit Card Debt Settlement Company

Due to the large amount of charge account credit problem in the United States today, many companies have cropped up overnight that claim to be able to offer debt relief, but are not reputable, with insufficient legal and professional backgrounds to be able to help you.

You’re already having a difficult time getting rid of the harassment from your creditors. The last thing in the world you want is to end up with a settlement company that is not legitimate.

“…Here are some of the things that you should look for in a legitimate company: You want to find out if it’s an accredited company, has memberships in TASC, The Association Of Settlement Companies, the Better Business Bureau and the local Chamber of Commerce. You’ll want to know if it’s licensed and bonded in your state and whether it’s people are certified in debt arbitration…” H. Milla added.

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.

Consolidation Loans – for a Compound Financial Mess

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

The rising cost of living and changing business trends compel many people to take multiple loans. One of the finest examples of a compound financial mess is the latest trend or need of keeping multiple credit cards. For corporate benefits, many global organisations are coming up with affiliated credit cards. Together they offer attractive deals and thus force their clientele to avail those dedicated cards. Such changing trends make it imperative for people to balance their earnings and expenditures, and to pay off their bills cautiously.

We all know that managing multiple debts, keeping track of various pay back schedules and eluding the possibility of missing one or the other repayments, calls for systematic planning. Consolidating loans is one such methodical solution. Consolidation loans enable loan seekers to pay off all their debts in one go. When debts are multiple, paying interests on each loan separately may turn out to be very expensive. So, merging multiple loans into a single loan amount makes sense. It is a kind of a barter system where one trades or swaps multiple loans or payments with a single loan or payment. Consolidation loans too are of secured and unsecured nature.

A secured consolidation loan requires collateral and is best suited for clearing larger debts, as the rate of interest is low with negotiable repayment options

An unsecured consolidation loan, on the other hand, does not require collateral and is best suited for clearing smaller debts, as the rate of interest is high with non-negotiable repayment terms

Irrespective of the type, the success of consolidation depends upon the reduced overall loan price and pay back period as compared to the existing debts. This further depends upon what loan types one is consolidating. For example, consolidation of numerous credit card debts will always prove to be cheaper, as credit cards have high interest rates. But, consolidation of multiple student loans would not be a wise decision, as student loans already have low interest rates.

The benefits of consolidation loans are single loan/payment against multiple loans/payments, reduced monthly payments and interest rates. With the help of these loans, people can get out of debts faster and avoid bankruptcy. Also, it saves the loan seeker from having to deal with multiple lenders. Last but not the least, it saves money too, if availed wisely. So, make good use of it and do not borrow more than the required amount to pay off the existing debts.

The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his masters in Business Administration as a finance specialist. For more information on consolidation debt loans please visit:

May 23, 2018

Credit Card Debt Settlement Fraud – Know How To Avoid A Rip-Off

Today, very few people carry cash anymore. In fact, most people have not only one credit card but many of them. The world today is one where people pay most of their bills with plastic.

However, once a person loses his or her job or has unexpected expenses like a broken down car or medical issues, it is quite easy to fall into credit card debt. This is where settlement groups can really come in and help. Sadly, there are some settlement groups that have no intentions of helping people get out of debt. Instead, they want to feed on the desperation of folks in debt to steal the remaining money they may have. This is why it is important to research financial groups before doing business with them. The following are some tips for how to avoid credit card debt settlement fraud so that you do not get ripped off.

Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — — pointed out;

“…The best way to avoid a rip off is to research a company before you sign any papers or commit to any one group. To do this, take the time to log online and read finance-related blogs, websites, and forums. Here, you can ask other people about their experiences with different credit card debt settlement groups and hear their stories. Additionally, there are bound to be reviews of such groups online by experts in the field. The more reviews and ratings you read, the better the chances of you steering clear of a group that wants to take your money and run…”

Always check with the Better Business Bureau before you work with any particular settlement group. If they have scammed people before, chances are high that this will be reported to this group. Really, the one drop rule is in effect when it comes to a financial group: if one person says that this group has taken their money and run, you should probably go with another group.

Visit the company’s website if you want to avoid fraud. You can tell a lot about a group by their website. Do they have a lot of information about their services? Does the website look professional? Has the website been updated in the past year?

“…If the answer to these questions is no, then you should steer clear of this group and work with someone else. There are many settlement groups out there. You shouldn’t have to deal with one that is not as polished, professional, and as experiences as possible. When it comes to your financial situation, debt, and your credit rating, you really can not afford to play around and gamble. Take this decision seriously, and you will be able to pull yourself out of this dark situation…” H. Milla added.

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.

May 21, 2018

Benefits of Non-profit Debt Consolidation Services

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

You can find two kinds of debt consolidation services; profit debt consolidation and non profit debt consolidation. The best place you can go is for a debt consolidation company to get rid of your debt. Non profit debt consolidation is a type of debt management program that exists for restructuring debts with high interest rates into a single loan avoiding the need for going to another loan. Thus, you can avoid many monthly payments and it also helps you have control of your financial state. As profit debt consolidation agencies charge higher rates, the best alternative is to go for Non profit debt consolidation service.

Cash loans, bank loans, IRS, credit card bills, student loans and medical bills are some of the debts that need non-profit debt consolidation solutions. If you are sure to make your regular repayments, debt consolidation mortgage is the alternative among other available options. They are offered against collaterals such as home or any other asset of value and are also tax deductible. Another option for debt consolidation is Consumer debt consolidation. On behalf of borrowers, the consumer debt management companies in this case negotiate with creditors for a consolidated payment at lower interest rates.

The non-profit debt consolidation company receives a share of amount paid by the debtor to the agency and this share is the main supporting source for the non-profit group and on the other hand the profit debt consolidation company does not receive this share. Even otherwise, this share percentage has dropped considerably and there is not much of difference between the two types. Alternatively the debtor is provided with the same monthly payment that are minimum with reduced interest rate whether it is a for-profit or a non-profit debt consolidation company.

You have a better edge over others when you go for a non-profit debt consolidation company. You can find a number of debt consolidation companies today. Therefore you have to plan for an extensive research prior to deciding a debt consolidation company. By all means, the safest way is to choose a non-profit debt consolidation company. A non-profit debt consolidation company guides you with the best possible options for debt consolidation and makes you debt free as soon as possible. Unlike a profit making debt Consolidation company, the motive of a non-profit debt consolidation is not to build personal profit at borrower’s expenses.

A great advantage you get with a non-profit debt consolidation company is free debt counseling. This service helps you to be aware of the debt consolidation techniques and the value of finance and debt management. The main purpose is to avoid such debt situations in future and also for rebuilding your credit rating. Thus, choosing a non-profit debt consolidation company is an excellent move. However ensure that your company is really a non-profit organization.

Internet is one of the best sources of getting information about the debt consolidation companies and you can also choose the best company. You can find many non-profit debt consolidation companies that offer different debt consolidation services. You can check out the websites of the respective companies. Ensure that the chosen debt consolidation company can meet the total financial requirements related with your debts. After short-listing a few companies, you can visit various web forums, blogs and reviews on such companies so that chances of any fraud can be avoided.

Visit for a complete understanding of several debt consolidation methods. Also, check out to find out which credit card will suit your needs well and how to manage credit card debts in a better way.

May 19, 2018

Does Credit Card Debt Settlement Affect Your Credit Score?

Debt settlement involves paying a small percentage of the original credit card balance instead of the full amount. Numerous debt reduction companies are offering these services today.

Consumers should expect their credit ratings to be negatively affected as a result of debt settlement, since credit card companies will not report a current status until the debt is paid in full.

Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — — pointed out;

“…While everyone’s credit will be negatively affected, the fallout will be different depending on current financial circumstances. For example, if the consumer is already late on all or most of their credit card payments, and especially if they are more than 90 days past due, then debt settlement won’t cause the credit score to dip much further. On the other hand, if all accounts are current, going the debt negotiations route will cause the credit report to take a major nose dive…”

Creditors are willing to settle with consumers who are behind on their payments because of the risk of bankruptcy. A creditor will not negotiate for a lesser balance when the account is current, since there is no reason to believe that the consumer is in financial trouble. On the other hand, if the account has been past due for at least a few months, red flags fly up, and the creditor begins to consider their options. In many cases, negotiations are successful in these cases, since receiving part of the money is better than none at all.

Debt negotiation firms collect monthly payments for a period of three to six billing cycles. Then, a settlement representative will attempt to negotiate a lower balance with each creditor in order to pay the account in full.

During this period of time, the consumer is not making any payments to any of their accounts, and therefore collection efforts will continue. In some rare cases, consumers may find themselves being sued by their creditors despite debt negotiation efforts. In most situations, however, debt collection efforts will consist of regular, and perhaps persistent, phone calls.

Since the creditors are not being paid anything at all, they will quickly make negative reports to all three of the major credit bureaus. Credit scores, which were once in the good to average category, will quickly tumble to an all-time low. These reports will not change until negotiations occur, and the agreed lower balance is satisfied.

“…Even when the account is paid, the credit bureau report will not reflect “paid as agreed” or “paid in full.” Rather, accounts will be listed as paid, but through a debt settlement agreement. Few creditors are willing to extend credit to customers who can’t, or won’t, pay their balances as agreed…” H. Milla added.

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.

May 17, 2018

Credit Repair And Credit Card Debt Settlement

The global recession is hitting people all over the world in the place that it hurts the most–their pocketbook.

As it is getting harder and harder to earn more just to stay in place, creditors are becoming increasingly ferocious in their efforts to get you to pay up. These days you’re considered lucky if you have a job. However, those who have jobs are either forced to take a pay cut or they are forced to work less hours. The result of all this financial stress is forcing many people to question how they can get rid of their heavy debt load.

Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — — pointed out;

“…Consumers are considering two strategies. One is credit repair and the other is credit card debt settlement. These two strategies are actually quite different. Credit repair is fixing your bad credit so that you can then apply good credit for your purchases. Credit card debt settlement, on the other hand, is forcing creditors to accept less than the total amount owed and completely settling the bill…”

Let us look at both these strategies for changing your financial situation.

What Is Credit Repair?

A credit repair company works on removing the negative reports on your credit scores. They go through each negative item and challenge it. The negative item can be removed for several reasons: it can be old and invalid, or it can be a disputed issue, or it can be paid off at a discount to “close the book.” Often legal issues are brought up to dispute the validity of a past debt. As a last resort, if things are really hopeless, filing for chapter 7 bankruptcy, wipes the entire slate clean.

What Is Credit Card Debt Settlement?

Credit card debt negotiation is a way to settle a debt, eliminating it altogether.It is a way to end harassing phone calls, stress over money, and the allocation of vital funds to service the debt.

“…Either through letters or by phone, you or a representative from a settlement company, contacts the card company and renegotiates to pay a discounted amount on the debt. This is possible because the card company may believe that if they don’t compromise, they will not get a dime out of you…” H. Milla added.

What Is Your Best Option?

Since these strategies are in fact different, you can either apply both, apply one at a time, or only apply the one that you need right now.

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.

May 14, 2018

Consumer Debt Advocate – How To Locate Legitimate Credit Card Debt Relief

It’s almost impossible these days for your income to match the increase in your bills. Although the cost of basic things like food, gas, and rent is going up, your paychecks are actually shrinking.

This is forcing you to put many more expenses on your revolving credit card just to meet the cost of living. It’s no surprise that people are desperate and afraid now that their money supply is short.

How To Select A Consumer Debt Advocate

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

“…One way to get relief from harassment over your ever increasing revolving credit debt is to find a consumer debt advocate and ask to sign up for a credit card debt settlement program. Unfortunately not all consumer debt advocates are legitimate, reputable, and able to give you the expertise you need for successful implementation of a settlement with your charge card company…”

What then are the things you need to do to locate legitimate credit card debt relief from a debt settlement program.

Here are some of the criteria that legitimate financial companies in this field meet to help you resolve your arrays. First, they are accredited to do debt settlement. Second, they are members of The Association of Settlement Companies, often known by their acronym, TASC. Third, they are members of the Better Business Bureau. Fourth, they belong to a local area Chamber of Commerce. Fifth, their staff members, the counselors who will be helping you, are certified debt arbitrators. And sixth, this company will be licensed and bonded for your state.

How Settling Your Financial Obligations Will Free You

“…A company that agrees to help you settle your debt will work to free you from the burden of as much as 60 percent of your current financial obligation. They can do this because they are familiar with exactly how to talk to credit charge companies and make them understand your situation. Naturally, the charge card company will want all their money, so this company will ask you to stop making payments entirely until a new credit charge agreement can be reached. In the meanwhile, you will be putting the money that you normally sent to the charge account credit company away into a savings account. This money will be sent in lieu of a full payment after the card company agrees to renegotiate and accept the new offer. You will now be completely financially free of the open-end credit debt…” H. Milla added.

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.

May 9, 2018

Credit Card Debt Settlement – The Bad, The Good And The Truth

The one thing you need to be after when looking at your debt situation is the truth. Getting the truth about all of the available options will allow you to make the best decisions.

When talking about the new settlement fad, let’s discuss the bad, the good, and the truths that are most pertinent to people like you. There many good things about settlement, some things that aren’t so good, and a lot of truths that need to be revealed if you are going to make the decision that benefits you in the future.

Starting with the good

Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — — pointed out;

“…The good includes the fact that you will pay less money to settle a big debt. For most people, the bottom line is the most important thing and this falls under that category. Don’t allow the credit card companies to let you think that you have to pay them thousands of dollars to get out of debt. It just is not true, because if you use settlement, you can get a deal by paying something like 25% of your total debt. The total settlement amount will be different for every person, since not all debts are the same and not all people will use the same negotiation tactics. Pretty much across the board, you will be getting a much better deal, though…”

Acknowledging the bad

Though it might not be something that you want to think about, there are some bad items to consider. Settlement will have a negative impact on your credit score, though it will be better than many of the other things that you might be considering. Settlement gets the process over with quickly, so you can go about the business of repairing your credit in the case that it might be hurting. This bad item is just a reality of being in debt and it’s hard to get out of debt with your credit score completely intact.

The truth will set you free

“…The truth is what you need to be most concerned with. When you cut away all of the advertising and the things that don’t matter, it comes down to how much money is saved and how much heartache is prevented. Settlement pushes your debt load down and gets you clear of all of the collection calls. This “truth” is worth a great deal to many people, which is why debt settlement has grown in popularity…” H. Milla added.

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.

May 5, 2018

Choosing The Best Credit Card Debt Settlement Company

The most reliable way to choose the best credit card debt settlement company is through a means of comparison.

Begin by visiting several online lending sites and local companies to determine which agency offers the best rates, service fees, and customer service. Make a list for easy comparison, rank your personal choices, and choose your number one agency. In today’s economy, most settlement companies are working diligently to ensure that their customers receive the financial success they are anticipating, with the debt relief service.

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

“…Choosing this route to repay debt is a definite money saving strategy for consumers who are hassling with too much debt, and not enough income. The stress of juggling bills and dodging harassing phone calls is overwhelming, and consumers are looking for a better way to manage their debt…”

A settlement company affords a financial expert to work closely with their clients to develop a good working relationship in solving the debt issues. A reliable lending company offers customers a guarantee that their assigned representative will be available to answer questions quickly, and resolve any concerns in a timely manner. A financial analysis will be provided, that details the current amount of debt versus the savings after negotiations have been accepted with the creditors involved in the repayment plan. Clients should realize a savings of between 40-60% in the total loan balance, with a reasonable monthly payment and less number of payments.

The lender’s service fees can be rolled into each payment, which is paid directly to the settlement company. All payments received are placed in a trust until a pay off amount has been reached. At that point, the designated debt is paid, and the following payments will be held in trust until another pay off amount is raised, for the next debt to be paid in full. One account at a time is satisfied, and at the end of the service, which typically takes between 12 to 36 months, the client is free of unsecured debt.

“…The decision to choose the best credit card debt settlement company can be gained by comparing rates, service charges, and customer service. This type of debt relief is freeing thousands of individuals who are overwhelmed with too much credit card debt, and not enough income to pay them off in monthly payments. The best settlement company wants your business and works to gain your trust…” H. Milla added.

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.

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