Finance, Loan, Debt and Credit.

February 17, 2018

Consolidation Of Debts vs Credit Card Debt Settlement

Anyone who has been under the burden of massive credit card debt can tell you that there are lots of options available to individuals in that situation if they are willing to listen.

When it comes to being in debt, you are not alone, because there are lots of companies out there that will help you figure out the solutions and act on them. With that in mind, what exactly are your options? For many people, the first thought is consolidation, because it can buy them some serious time and give them the ability to climb out from under the burden. Debt settlement is also an option and which one you choose really depends upon your given situation.

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

Who benefits from debt consolidation?

“…People who don’t have a large lump sum to work with are usually better off with a debt consolidation loan. With this type of plan, you take all of those old credit card accounts and you have them paid off by one single lender. With consolidation, you then have one lender to pay and you have one set of details to remember. This is an especially good option for people who get confused or have trouble keeping up with their various dates, amounts, rates, and everything else that goes along with having multiple credit card accounts…”

The thing about credit card debt consolidation is that it will give you a chance to work with a lower interest rate and in many instances it will give you a chance to have a lower payment. If you’d like, you can extend the loan term out and have payments that are very affordable.

Arguing for debt settlement

Settling your credit card debts is a completely different animal and it’s something that will work only for people who have the means to make it work. For these people, this means that you have to have a lump sum of cash to work with in order to pay down the debt. When you settle, you are taking care of the thing in one swipe. There is no lengthy loan term. The advantage of this is that you will pay much less with debt settlement because you will be able to negotiate and pay a lower amount that the total balance of your debt.

“…The creditors like this because they get your money in hand and they don’t have to worry about you defaulting later on. For folks who have the ability to make a lump sum payment, this can often be a very nice way of getting rid of the problems associated with debt…” added A. Lillo.

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.

February 12, 2018

Credit Card Debt Help From Government – Is It Real?

With so many government programs being passed in recent months, it’s quite likely that you’ve started to hear about credit card debt help from the government.

However, you may be wondering if it is real. People who are in significant debt have probably received solicitations encouraging them to use a particular debt relief program. What exactly is being offered and can it help your situation?

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

The Scoop on Government Programs

“…There are definitely government sponsored programs that are being put into place to help Americans get out of debt. While you can probably feel confident that these systems will do what they claim for the average user, they really don’t offer a lot more than what you can do for yourself. By calling your credit card companies yourself, you can usually receive an offer to settle credit card debt for about 40% of what you owe. Because there is no middle man, you will not have to pay any fees or accompanying costs. With government options, they will take their cut like any other company would…”

Is It Any Different Than Other Settlement Programs?

Using a government sponsored program doesn’t really offer you any advantages over standard debt settlement companies. The creditors are being encouraged to balance books in any way that they can and they will talk with the settlement company of your choice just as readily as a government agency. Also, most consumers are well aware that the government isn’t known for efficiency. A dedicated business, on the other hand, can not function unless it does things right.

What Other Help is There?

Besides using a credit card debt help that is directly sponsored by the government, there are several hidden advantages to the central involvement in financial affairs. First, because of bail out plans, every creditor has a distinct incentive to cut you a deal by the government’s encouragement. There also may be grants that are available that can be used to pay off consumer debt. However, they aren’t listed as such and you’ll need to search deep to find those opportunities. Finally, the government is attempting to invest in the economy and create jobs and that may lead to less consumer debt overall, if the plan is effective.

What Can I Do On My Own?

The good news is that you aren’t at all limited to the options that are being put forth by the federal government. You can still create and implement your own plan. This may include using your own middle man to negotiate payments and settlements. With enough persistence, you can also deal directly with the credit card companies and get good results from those efforts.

“…There are definitely real options that the government is offering for credit card debt help. However, they aren’t necessarily better or more lucrative than other readily available methods that you can take advantage of…” 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.

February 7, 2018

Credit Card Debt Settlement – Best Debt Management Program

There are lots of different program options in the running when you start talking about the best way to get out of debt.

For many of the folks who are currently struggling with debt problems, settlement takes the cake, though. There are few things in this world better than being able to completely wipe your debt away without having to pay the entire thing. Many individuals have come to find this out, as they have worked with a solid debt settlement program to manage their debts. With that in mind, we should evaluate just what makes settlement the best way to manage your debts.

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

Paying only a percentage

“…Think about a scenario for a moment. What if you had $13,000 worth of credit card debt that has been sitting around for months, unpaid. That debt is going to start piling up, so you want to do something about it sooner rather than later. Now imagine for a moment that there was a way to get rid of that debt completely without having to pay it all back. This might sound a little bit too good to be true, but it’s actually one of the most popular ways to manage debt today. With settlement, you can put an offer on the table that offer can favor you more than the lender if you are smart enough to pull it off…”

Getting rid of debt all at once

There is no reason why you should spend the next 10 or 15 years paying off your debt. That just sounds tiresome and it certainly becomes tiresome when you start actually doing it. That is why it’s a much better idea to just get rid of debt right at the beginning. If it is possible for you to wipe it out in one swoop, then you owe it to yourself to find out about that. Settlement allows for this, as long as you have the money to make that move. Some people don’t have the money, so they can’t take advantage of settlement. If you talk to those who have done it, they will tell you that it absolutely saved them years of hard work and frustration.

“…Managing your debt is not nearly as good as just getting rid of it. The best way to truly manage your financial future is to work with a program that allows you to get free of the debt that is holding you back. This happens when you go to a solid settlement program, because they will be sure to work directly with you on a solution that puts you in position to succeed…” 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.

February 5, 2018

Negotiating Credit Card Debt Settlement – Insider Tips

When it comes to negotiating your credit card debt down, there are some things that you absolutely have to know. As a person with debt, you have some options and you are covered by multiple laws.

In the old days, the credit card companies could operate as they pleased, but that is not the case anymore. They now have to abide by several laws and one of those has to do with offering credit card settlement. But settlement itself is not a quick process. The amount that you will eventually pay is completely dependent upon how well you can negotiate in your given situation. What are some tips for making that happen?

Understand that you have the leverage

Natalia Osorio Editor of the “Best Debt Settlement Companies” website — — pointed out;

“…One of the keys to negotiation, whether we are talking about contracts, credit card debt, or anything else, is understand which side has the leverage. In this case, you might be surprised to learn that you have the leverage. When you are in debt, the credit card company has no direct way of forcing you to repay your debt. They can’t send you to debtor’s prison and the worst they can do is ruin your credit score. This is a motivator for many people, but others choose to let the debt go because of the fact that creditors can’t do much about it…”

The fact of the matter is that they want to get paid and they don’t want to sell the debt to a collection company for a fraction of what is owed. This means that if you can put on offer on the table that is more than they will get from collection companies, you will be in good shape. This means starting out with a lower offer – maybe something like 30% of the total debt – and working from there.

The further away the debt, the lower the settlement price

“…One thing that you should understand is that you will get a lower price on your debt the longer it sits around. After seven years, the debt falls off of your credit report, so the credit card companies have a vested interest in collecting on that debt before the period is up. Likewise, after a while, they are going to sell the debt to a collection agency anyway. This means that if your debt has been past due for quite some time, you can start out with a lower settlement price…” N. Osorio added.

Further Information By Visiting;

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

February 4, 2018

Debt Consolidation Can Lower Your Payments and Your Overall Debt

Debt consolidation is often managed through a consumer-finance company. Most will combine your bills into one loan with a fixed monthly payment and a fixed repayment period. It is perfect for those who can’t manage to pay because of lack of time and money. When you undergo a debt consolidation program, you can save a lot of money because of its low interest rates. It is seen as the last option before declaring bankruptcy. Global Financial Help offers free help with debt consolidation. Debt consolidation is simply a step towards bringing your debt into a manageable state.

The process as a whole may involve debt settlement, debt restructuring or more drastic measures like declaring bankruptcy. It isn’t for everyone. It doesn’t make sense if you have just a few unsecured loans you can pay off by tightening your budget a bit. It is often advisable in theory when someone is paying credit card debt . Credit cards can carry a much larger interest rate than even an unsecured loan from a bank. Debt consolidation is one form of debt management that will allow you to group all of your debt together. For example, maybe you have three high interest credit cards, a personal loan, and a tax lien that you are paying on. It is probably the best thing that any person that finds themselves in debt can do for them to ensure a bright financial future. One fixed monthly payment on a strict schedule can allow you to budget accordingly and actually see an end to the monthly payments. It is a very common practice that will help your finances in the long run. You will lower your monthly fees, reduce high interest, wave late fees, stop the harassing phone calls, and eventually become debt free. Debt consolidation is the most effective solution. Because of a few companies, this industry has received so much bad press that some have repackaged themselves as “debt negotiation” companies or “debt settlement” companies. Debt consolidation is an option that allows you to take your debts and lump them together under one interest rate and make only one payment. This works for some individuals, but not for others.

This process is always a great way to bring resolve to debt as long as clients have a process in place before the consolidation to settle the debt. If there is no procedure in place to discount the amount owed, there is no real reason to conduct a consolidation loan. Debt Consolidation is designed to get you out of debt, back on your feet, and on your path to financial freedom. It is a method of combining several payments into one that will usually be lower than the total of those you are currently trying to pay. The debt consolidation method used by a longtime homeowner is to take out a second mortgage on their house. This process offers individuals opportunity to have a consolidation entity pay off each one of your bills. In return, you’ll only have one monthly bill to pay off all of your debt.

Debt consolidation is a system of negotiating with your creditors to reduce your monthly payments and eliminate your debt. It is the easiest way to begin eliminating your debt. It is essential to reinstate a substantial credit stature as a good and positive credit stature can be always an added advantage. Consumer borrowing capabilities largely depend and are determined by the credit scores. This service entails the consolidation of all of your debt into one, easy-to-manage payment. Sometimes people will use the equity in their homes, other times people will take out an actual separate loan. It is one the most common methods use to handle debt issues.

Many debtors manage to get their debt issue down to a manageable stage with a debt consolidation and work their way out of debt. Debt consolidation is like cutting grass, in that the lawn looks fresher once the weeds are whacked. It makes no sense to ignore your debts; rather working toward debt relief means working now to get rid of your debts.

Chad Nadler is a financial adviser, & a real estate guru living in Chicago, Illinois. For free financial advice visit

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.

January 26, 2018

Credit card debt repair – Solving your credit card debt problems

Many people get into trouble with credit cards. Having a couple of credit cards that you manage properly will help build your credit, but many people do not have the discipline to manage credit cards properly and end up with significant debt and a poor credit score.

It is important to resist the temptation to open credit cards just because an offer comes in the mail. Many credit cards have interest rates and fees that increase significantly if one payment is missed or is late. Credit card terms and conditions are often difficult to understand so consumers don’t realize what they are getting into before incurring the debt.

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

Debt consolidation/debt settlement is a solution to unmanageable credit card debt for many people.

“…Debt consolidation/debt settlement is a good idea if you have several high interest credit cards that you have trouble paying on time or you are only able to make the minimum payment. Having one smaller monthly payment will help you manage your debts and pay them off faster. As part of the debt consolidation program the company you use may be able to get the credit card companies to reduce the interest remove late fees and even reduce the principle…”

Remember, if you only pay the minimum amount on your credit cards each month it can take many years to pay them off and most of the payments you make will go to interest.

Paying more than the minimum required each month will help you pay off your credit cards faster and to boost your credit score. This also shows lenders that you are able to manage your finances properly by making your payments timely.

“…Do not be afraid to use debt consolidation/debt settlement programs if you are in debt over your head. These programs can help you get back on track in a relatively short time. Most credit card companies are ready to offer a deal to these companies on your behalf to help you solve your credit card debt problems…” 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.

January 22, 2018

Debt Reduction Of Credit Card Debt – Settlement Services FAQ

There are some questions about credit card debt services that people just have to have the answer to.

When we start talking about settlement, this is especially true. Before you get involved with a settlement plan, you need to know what you are signing up for. So what are some of the most frequently asked questions about debt settlement?

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

How does settlement work?

“…The most basic question of all is one that you need to have a handle on. Settlement works by allowing you and the creditor to work together on a plan to clear up your debt. Alongside a debt company, you put an offer out on the table and the creditor will either accept or give you a counter offer. If it is accepted, you pay the creditor an agreed upon amount up front to settle the entire debt…”

Who is best suited for settlement?

Not every person out there is a perfect candidate for this type of debt relief. You have to have the ability to make a large payment right at the beginning. In addition, you have to have a debt that is old enough for the creditors to consider settlement. If you meet these two conditions, then you can benefit greatly from this practice.

How much money can I save with this means of debt relief?

The best thing about settling your debts is that you can save thousands of dollars. It all depends upon your negotiation skills and how much money you owe to creditors, but many people have saved up to 70% on their debts. This means that they were able to float $1,500 to settle up a big $5,000 debt. It goes without saying that this type of deal can do an awful lot of good for you.

Are creditors legally obliged to deal with you?

The legal code states that the credit companies have to provide you with a settlement option after a certain period of time. This is something that works in your favor, because they can’t get around this in most instances.

Who can help me with this?

“…If you are a person that is both qualified for and interested in settlement, then you can get in touch with one of the debt relief companies out there. They are very good at setting people up with a solution that will help them beat debt over the long run. These companies are by your side every step of the way…” 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.

Older Posts »

Powered by WordPress