Finance, Loan, Debt and Credit.

January 9, 2018

Free Online Debt Consolidation – Dealing With Multiple Debts


Free online debt consolidation is the best way to make your debt burden a little less difficult to handle. Most people, when struck by rising debts, do not know where to look for help. The trouble starts when your income cannot keep pace with your loan payment dates and high interests. You may not notice anything particularly wrong, thinking you would adjust it in the next installment. Soon, penalties and interest keeps piling up, making the situation unmanageable. Get free debt consolidation advice as soon as you think the debt situation is getting out of control.

Bankruptcy help

If you want to avoid bankruptcy, you need to consider free online debt consolidation. Free debt consolidation services are available to those who need advice and assistance with their debts. Debt consolidation is of great help, since you get to merge all existing debts into a single debt. The biggest advantage is that you just need to make a single payment every month towards clearing your debt.

The interest on the debts can also be crippling. If you are burdened with credit card debts, you should be prepared for rapid rise in already high interest rates. Not to forget the penalties associated with late payment. If you cannot afford debt help from professional agencies, look for free online debt consolidation.

Who Provides Free Online Debt Consolidation?

Many agencies offer free online debt consolidation. Most government departments dealing with business and finance issues have contracts with agencies offering free online debt consolidation. You can also look at the websites of youth and church organizations for free online debt consolidation.

While in most cases, it might be difficult to locate free online debt consolidation that includes all the services of a for profit firm, you can take heart from the fact that these agencies provide great advice. You can get free counseling regarding how to consolidate your loans, how to lower your interest rate and how to avoid such problems in future.

Loan Consolidation In Canada

If you are looking for free Canada debt consolidation, you are in luck! Just look up the many listing online and find a company that provides free online debt consolidation. If you like, you can also find debt consolidation companies that can help you for a small fee. Look up quotes online before you opt for a free online debt consolidation service. Also, double-check the credentials of the company you plan to do business. With proper precautions, you can have the best free online debt consolidation and get out of debt problem.

Get free online debt consolidation if you are burdened with debts you cannot handle. Residents of Canada can find free Canada debt consolidation services and loans on the Internet. Many credit card companies also provide free debt consolidation advice to help people with debt management and debt reductions services.

November 15, 2017

Negotiating Credit Card Debt Yourself – Advice On Dealing With Credit Card Debt


It is amazing how quickly credit cards can turn from being a wonderful way to get the things you need to being a terrible burden hanging around your neck.  Credit card debt builds up gradually but can become a huge problem that can even lead to personal bankruptcy.  Even if you can still afford the minimum payments on your cards, your debt will still continue to grow because interest is being added every month.  If you are struggling even with the minimum payments, then it will grow even faster due to extra penalty charges.

The only solution to credit card debt on a large scale is likely to be negotiating a settlement with the card companies.  It is very common to use debt settlement companies to deal with your creditors on your behalf, but the best route is negotiating credit card debt yourself, so that you avoid paying any fees for the service.

What you will be attempting to do is approach each credit card company that you owe money to and get their agreement to writing off a large part of your debt.  Sounds marvellous, but why should any of your creditors agree to such a request?  The only possible reason is if they believe that the settlement amount is going to offer them the best return overall.  If a credit card company think you have got enough money to pay them but simply do not want to, they will take a different approach to if they believe you are in severe hardship and you might file for bankruptcy leaving them with nothing.

The main incentive used to reach settlements is the offer of paying the balance back in one go in exchange for a big reduction.  Most people in a lot of debt are unlikely to have enough money lying around to make lump sum payments in settlement of debts, but there are other ways around this.  When you use a debt settlement company, you stop paying creditors and save money up each month instead.  This is then built up and used to settle debts.

If you have no experience of dealing with settlement negotiation before, it is highly unlikely that you will manage to achieve very good deals, simply because you will not understand how the system works.  A good debt settlement negotiator would expect to get about fifty or sixty percent written off a debt, but this is only possible when you know what to say to the card companies and crucially, when and how to say it.  The reason this is so vital is that each company will have their own procedures to follow in terms of how they pursue and eventually write off bad debts.  You need to understand this in order to use it to your advantage.

There are many guides and publications available online which cover negotiating credit card debt yourself, but a lot of them are a waste of time.  There are a few very useful good guides available, from detailed learning programs with one to one support, to more straightforward e-books.  The best ones will tell you exactly what you need to do at every step of the process, including scripts of what to say on the phone and letters and forms to cover each stage of the negotiation.

Read advice on how to negotiate debt on the author’s website, where you can also find recommendations for the most reputable debt settlement companies. K D Garrow has worked as a senior manager with significant financial responsibility for the last twenty years. His Debt UK/US website offers free, unbiased advice on a range of debt related issues, including the debt management plans, UK IVAs, budgeting advice, loans and bankruptcy.

July 6, 2015

Some Guidelines for Dealing With Tax Debt

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

Many individuals are plagued by tax debt. The accumulation of tax debt can be very stressful but rest assured there are tax debt professionals available if you feel you cannot attack the debt yourself. Many companies provide tax assistance, and solely specialize in tax assistance so they are skilled in getting the IRS off your back. Below are some general steps or guidelines to help you get out of tax debt.Be proactive in trying to resolve your tax debt: Get Help or Help Yourself

This step is an obvious no-brainer to many. Contrastingly, many individuals who are smothered in tax debt feel hopeless and almost act as if the problem will go away by itself. The fact that you are reading this article is a step in the right direction because it shows you are being proactive. If you know you need to connect with a tax debt professional right away click here and fill out the form free of charge. Within 24-48 hours, tax debt experts will compete for your business. However, if you think you can handle the tax debt yourself then do so. Realize though that inaction will only make the situation worse, and interest will keep adding up. Reaching out to a tax professional is recommended if you are more then $10,000 dollars in tax debt. If you have less then $10,000 in debt read the article “5 Methods To Get Out Of Tax Debt.”Look over your tax returns for missed deductions

If you decide to take on your tax debt yourself, make sure you analyze your tax return for potential deductions you have might have overlooked. When you resubmit any deductions or changes, this is called Amending the Return. If you can find some deductions, then you can most likely lower the total amount of taxes you owe. However, sometimes hiring a tax professional is the best way to go because Amending a return usually requires a lot of paperwork and supporting documentation. Therefore, you are better off hiring a tax professional who can help you submit the detailed paperwork so you don’t get audited.Make sure if you hire a tax professional that they are qualified to help you

Many companies out there can claim to be Tax professionals but be sure to ask what type of tax professionals they are. Only tax attorneys, Enrolled Agents (licensed by the US Department of Treasury), and CPAs (Certified Public Accountants) are qualified to help you with your tax debt problems. Realize that some attorneys and CPAs need to be licensed in your state to help you, whereas Enrolled Agents can work anywhere in the United States.If you use a tax professional make sure they compete for your business

Tax debt experts will charge different fees for helping you and the fees can vary by how much help you actually need. Some professionals will charge you a flat fee; some will charge you by the hour. The best thing to do, is to get free consultation from a few companies so you can be sure you are getting the best solution for yourself. After getting a few quotes go with the company you feel can help you the best.

June 29, 2014

Debt Relief – Dealing With Credit Card Debt

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

Credit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit cards.

So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt’. In order to understand what ‘credit card debt’ actually means, we need to understand the workflow associated with the use of credit cards as such.

Hector Milla Editor of the “Credit Card Debt Free” website — http://www.CreditCardDebtFree.org — pointed out;

 

“…Credit cards, as the name suggests, are cards on which you can get credit i.e. make borrowings (your credit card debt). Your credit card is a representative of the credit account that you hold with the credit card supplier. Whatever payments you make using your credit card are actually your borrowings that contribute towards your credit card debt. Your total credit card debt is the total amount you owe credit card supplier. You must settle your credit card debt on a monthly basis…”

So, you receive a monthly statement or your credit card bill which shows your total credit card debt. You must pay off your credit card debt by the payment due date failing which you will incur late fee and interest charges. However, you have the option of making a partial (minimum) payment too, in which case you don’t incur late fee but just the interest charges on your credit card debt. If you don’t pay off your credit card debt in full, the interest charges too get added to it.

So your credit card debt keeps on increasing, more so because the interest rates on credit card debt are generally higher than the interest rates on other kind of loans/borrowings. Further, the interest charges add on to your credit card debt each month to form the new balance or the new credit card debt amount. If you continue making partial payments (or no payments) the interest charges are calculated afresh on the new credit card debt. So you end up paying interest on the last month’s interest too.

“…Thus your credit card debt accumulates rapidly and soon you find that what was once a relatively small credit card debt has ballooned into a big amount which you find almost impossible to pay. Moreover, if you don’t still control your spending habits, your credit card debt rises even faster. This is how the vicious circle of credit card debt works…” added H. Milla.

Further information about trusted and reputable companies for credit card debt settlement by visiting; http://www.CreditCardDebtFree.org

June 11, 2014

Dealing With Credit Card Debt – The Best Option

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

Credit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit cards.

So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt’. In order to understand what ‘credit card debt’ actually means, we need to understand the workflow associated with the use of credit cards as such.

Hector Milla Editor of the “Get Rid Of Credit Card Debt” website — http://www.GetRidOfCreditCardDebts.net — pointed out;

 

“…Credit cards, as the name suggests, are cards on which you can get credit i.e. make borrowings (your credit card debt). Your credit card is a representative of the credit account that you hold with the credit card supplier. Whatever payments you make using your credit card are actually your borrowings that contribute towards your credit card debt. Your total credit card debt is the total amount you owe credit card supplier. You must settle your credit card debt on a monthly basis. So, you receive a monthly statement or your credit card bill which shows your total credit card debt…”

You must pay off your credit card debt by the payment due date failing which you will incur late fee and interest charges. However, you have the option of making a partial (minimum) payment too, in which case you don’t incur late fee but just the interest charges on your credit card debt. If you don’t pay off your credit card debt in full, the interest charges too get added to it. So your credit card debt keeps on increasing, more so because the interest rates on credit card debt are generally higher than the interest rates on other kind of loans/borrowings.

“…Further, the interest charges add on to your credit card debt each month to form the new balance or the new credit card debt amount. If you continue making partial payments (or no payments) the interest charges are calculated afresh on the new credit card debt. So you end up paying interest on the last month’s interest too. Thus your credit card debt accumulates rapidly and soon you find that what was once a relatively small credit card debt has ballooned into a big amount which you find almost impossible to pay. Moreover, if you don’t still control your spending habits, your credit card debt rises even faster. This is how the vicious circle of credit card debt works…” added H. Milla.

Further information about trusted and reputable companies for credit card debt settlement by visiting; http://www.GetRidOfCreditCardDebts.net

February 8, 2014

Credit Card Debt Settlement Negotiation – Dealing With Creditors And Collectors Is Not That Hard F

If some people are to be believed, creditors and collectors are the monsters of the 21st century. They stalk innocent folks who are in debt and attempt to scare them into paying bills that are mostly due to interest. The scenario should seem familiar.

I’ll go as far as to call it a half truth. Everyone, even the creditors and collectors themselves, need you to think that they’re monsters. A creditor/collector team believes that the best way of making you pay is to scare you into it. That’s a half truth, too, and that’s why debt arbitration is becoming so popular these days. The monster-victim scenario is getting old and finally, creditors and their victims want to get on the same page and alleviate the debts that bind them.

Hector Milla Editor of the “Credit Card Debt Free” website — http://www.CreditCardDebtFree.org — pointed out;

“…These days, it’s not all that difficult to reach amicable agreements in the matter of debt repayment. Often a creditor will offer a lower lump settlement on the condition that the persons in debt pay this amount all at once, rather than prolonging the agony over the course of monthly payments for years. The creditor gets something without having to wait and the “victim” gets a discount on their debt…”

Here are a few things to remember before negotiation with collectors:

• Are you actually responsible for the debt? There is usually a 7 year statute of limitations wherein the debt is forgiven if left unpaid. Don’t acknowledge the debt if it’s over the statute of limitations!• Establish good contact with creditors. Let them know you’re serious about repaying your debts but unable to find a way to do so without endangering the well-being of you or your family.• If you’re unsure of what to ask for in a settlement agreement, credit counseling can be a good choice. A good credit counselor will know more about this situation than you do and they can determine what might be a fair amount in your case.

“…The notions of calmness, fairness, and determination will go a long way in seeing you through this difficult crisis. At the end of the day, negotiating with a credit card company is a stressful, but productive, undertaking. If everything works out the way it should, both sides win a little and lose a little. The important thing for you to make sure of is that at the end of this settlement, what you’ve lost is your debt…” added H. Milla.

Further information about trusted and reputable companies for credit card debt settlement by visiting; http://www.CreditCardDebtFree.org

January 9, 2014

Dealing With Student Debt in America – Federal Student Loan Consolidation and Other Tales

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

Philip Jones, a graduate of Rutgers University had experienced trouble with the repayment of his loans. According to Jones:
“My wallet was being pulled in too many directions; I was trying to pay for a house, a wedding, and a honeymoon within a six-month period.”
After remedying his situation (by asking for debt forbearance), he had an easier time of it: “I didn’t have to make a payment for six months, so that money went toward the wedding and honeymoon. It’s easing the financial stress.”Heard it Before?
Jones’s story is not uncommon. In fact, this is the reason why people apply for federal student loan consolidation. Consolidation allows people to combine all existing educational loans into a single loan that that can be paid on a monthly basis. Bills and calls will cease, and monthly incomes can be controlled more.
A federal student loan consolidation can be used to end financial worries. According to the rules of federal government, there are is no “maximum” number of loans that can be applied for consolidation. It is also possible for an individual to ask for consolidation for a single loan, so that loan’s grace period can be extended to fit the financial situation of the person.Computing Interest
It’s easy to determine the interest rate for a federal student loan consolidation. It is the weighted average interest-rate of all loans that have been submitted for consolidation. As a rule of thumb, the interest rate of a federal consolidation will not go beyond 8.25%. If it does you’re not dealing with federal consolidation. You’re dealing with a private consolidation company masquerading as being part of the federal government.Reductions
Another interesting fact about federal student loan consolidation is you can ask about interest rate reductions. The basic function of a debt negotiation or a debt consolidation is to reduce the monthly pay-out. It is very possible to reduce your current interest rate by .6%, if you can pay within the given and pre-approved grace period.
For automatic debit payments, you can be assured of an interest rate reduction of about .25%. This encourages individuals to create separate accounts for the purpose of repaying debt. This also fosters a more genuine attitude for repaying debt.On repaying Debt
According to Erin Korsvall, a spokesperson for Sallie Mae:
“There are a number of different repayment options to help you manage your monthly payments. Each situation would apply for borrowers who are in a position where they need to minimize their monthly payments.”
“Perhaps they are a recent graduate who has just entered the work force. Make sure they (lenders) have your current address. You don’t want to miss the bills. Pay on time as well. Sallie Mae offers an interest rate discount when you pay on time. There are no pre-payment penalties.”
If you are unable to repay any kind of debt for a particular month, make sure that you alert the lending institution. Do this and you’ll be able to avoid default and complicated lawsuits from lending institutions. There are laws in place that protect consumers as well as lenders from non-repayment of debts.

March 31, 2012

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

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

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