Finance, Loan, Debt and Credit.

November 24, 2017

Debt Consolidation – What You Need to Know!

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

The first step to dealing with your debts is admitting that you have got a problem. Only then can consolidating debt be the solution to your debt problems.Debt Consolidation can happen in a number of ways, the most common are through either a debt consolidation loan or through a no loan consolidation.Lets looks at the two ways for consolidating debt in more detail:1: Debt Consolidation Loan – Allows you to consolidate your existing unsecured debt into one single loan. Choosing a debt consolidation loan for consolidating your debt can reduce your monthly payments, lower your interest rate and make it easier for you to manage your debt.Debt Consolidation Loans are usually secured against your home, but this will offer you a number of additional debt consolidation terms which you just could not get with unsecured consolidation.2: No Loans Consolidation – A secured loan is not suitable for everybody, but there ways to consolidate debt without the need for any further loans. These are otherwise known as Debt Management Plans and allow you to make just one reduced payment to your debts, no matter how many unsecured creditors you have.Remember, you can consolidate a number of debts choosing the above methods, such as credit cards, store cards, unsecured loans and overdrafts.Discover more about what YOU need to know about debt consolidation, see the following recommended reading:

Advantages and Disadvantages of Debt Consolidation. The only way for you to understand debt consolidation is to be aware of both the advantages and disadvantages of consolidating debt.

Struggling with debt consolidation? We can offer you free advice to find the perfect way for you to consolidate your debt so you can manage your fiances with ease. Discover the advantages and disadvantages of debt consolidation.

November 23, 2017

Credit Card Debt Settlement Program For 2010

Now that the first decade of the new millennium is over, it’s time to start thinking seriously about how to handle your credit card debt.

With the arrival of 2010, there are new laws about credit cards, a new tax year to manage with your financial arrangements, and a whole new economic climate to face. If the last decade was a hard one for you, it may be appropriate to think about a settlement program to start the new year, a new decade, and a new life!

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

“…If you can currently manage your financial situation, meet your bills, make your payments, and are comfortable with your financial position, then you do not need a settlement program. A renegotiation may be helpful for you, or perhaps a debt consolidation service that can take all your accounts and combine them into a single, simple payment plan, but settlement should only be considered by borrowers in serious need…”

Settlement plans are for people whose financial obligations have grown to a point that they can’t manage them on their own. If you have lost your job, had sudden medical expenses, or had your credit line issuer suddenly raise interest rates and you can no longer meet your payments, then it may be appropriate to consider credit card debt settlement programs. With the CARD Act in the U.S. taking effect next year, many credit companies are increasing interest rates, removing card benefits, and cutting credit lines. Combining this with the uncertainty of what the government will do about healthcare and the lack of jobs in the economy, there are many circumstances which may make 2010 the year to consider credit card debt settlement.

The basic concept of these programs is that you work with certified, trustworthy specialists who assess your accounts, your income, your situation, and your ability to make payments, and they will help you consolidate and pay off the debts that you can, and settle the other balances for a fraction of the total sum you owe. They will explain your options in an easy way to understand, and help you consider the impact that settlement will have on your existing accounts as well as the implications for your credit score.

“…Settlement is a serious step, and is not to be taken lightly, nor should it be done on your own. You can negotiate with your creditors to lower interest rates, or extend your repayment period, but settlement is a process best handled by trained professionals. They can make recommendations personalized to your situation, your financial history, as well as relevant local and state laws for people in your situation…” added H. Milla.

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

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

November 21, 2017

2 Easy Credit Card Debt Consolidation Techniques

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2 Easy Credit Card Debt Consolidation TechniquesIs your credit card debt the sole cause of your financial headache? Or maybe you are dealing with multiple credit cards, store cards and unsecured loans? As soon as you realise that your credit card spending over the festive season, or at any time of the year, has left you with a pile of debt, then you may be on the lookout for easy but effective ways of consolidating your current credit card debt.Debt Consolidation allows you to reduce monthly payments to your debts which should free up some extra money to help you with your secured payments, such as mortgage or rent. You may also find that debt consolidation of your credit card offers you a more competitive interest rate and that you can look towards being debt free. There are 2 Easy Credit Card Debt Consolidation Techniques:Consolidation Technique 1: Debt Management Programmes.Not everyone wants to consolidate their debt by getting themselves into more debt through a loan. Debt Management Programmes allow you to consolidate debt without getting any further borrowing which should offer you greater control over your finances.What the Debt Management Programme will do is offer your creditors a lower monthly payment that you can afford. No matter how many creditors you have, a debt management programme allows you to benefit from just having a single payment to make. Your creditors may also be willing to freeze your interest and any additional charges on your unsecured debt, meaning that you can become debt free much faster.Consolidation Technique 2: Debt Consolidation Loans.Although Debt Management Programmes offer you a way to consolidate your debt without a loan, they are not suitable for everybody as there are downsides such as your credit rating is affected. If you are not currently missing payments to your unsecured creditors but you are still looking for an easy way to consolidate your credit card debt, then a debt consolidation loan could be your answer.Debt Consolidation Loans are often secured against your home so it is essential that you can afford to make these new payments or your home will be at risk. You may find that the benefits outweigh the implications as you could be making a lower monthly payment with a lower level of interest.

Struggling with debt consolidation? We can offer you free advice to find the perfect way for you to consolidate your debt so you can manage your finances with ease. Discover the advantages and disadvantages of debt consolidation.

November 20, 2017

ABC of Secured Debt Consolidation Loans

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

Secured debt consolidation loans are the ones, which pay off some or all of your existing debts. They let you repay them with a single loan and a single monthly payment. With such loans, you can write off your high interest credit card debts, shopping bills, medical bills, auto loans and personal loans etc. This way, they bring you comfort in times when you are left breathless due to creditors’ threats, harassment and humiliation. So, you should think to consolidate your debts before your creditors suck you dry of your money by charging you high interest and late fee penalties.

Secured debt consolidation loans are offered against collateral. The magnitude of a secured debt consolidation loan ranges from ¤5,000 – ¤100,000. However, the amount of loan you can avail depends upon your credit history, repayment capacity and equity in the collateral.

A sound credit history, repayment capacity and collateral can avail you a handsome secured debt consolidation loan. Also, it carries a comparatively lower rate of interest. Those – who do not have a good credit history – can also get secured debt consolidation loans. But the rate of interest may inflate and the term of loan may deflate.

Further, you must know that a Secured Debt Consolidation loans is also a loan like others, which you need repay. However, in case you miss on its repayment, it may cost you dearly. You may incur late payment fees. And to top it all, such loans run the risk of forfeiting of collateral. Otherwise the ride is smooth. Therefore, in order to secure an easy and smooth transition, you will need to take an absolute care in its repayment.

Before you apply for a secured debt consolidation loan, you need estimate how much money you require to consolidate your existing debts. To solve this purpose, online lenders also help you arrive at a decision in this regard. They provide you with a quote of loan. It contains the details like amount of loan, rate of interest, term of loan etc.

Though many brokers and commercial agencies are ready enough to give you a helping hand to get a secured debt consolidation loan, searching for a secured debt consolidation loans online is easier. A secured debt consolidation loans available online is also cheaper. It also involves minimal human interaction, and reduces paper work. Furthermore, it saves you money, time and energy too as you have access to the Internet virtually anytime and anywhere.

James Taylor holds a Master’s degree in Commerce from JNU. he is working as financial consultant.To find a Personal loans,Bad credit loans,debt consolidation that best suits your needs visit

Is Debt Consolidation a Good or a Bad Idea?

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

For people in need of debt relief, debt consolidation is often the option considered. It is simply combining all your debts into a single loan so that instead of paying several creditors, you’ll only be paying a single creditor. Is debt consolidation a good or a bad idea? To answer this question, let’s take a look at the advantages and disadvantages of debt consolidation,
Advantages of Debt Consolidation
– Paying your debts is a lot more convenient. Because you’re only paying one creditor, you’ll have an easier time tracking your payment schedule and submitting your payments.
– Budget your monthly expenses more efficiently. Since you’ll only be dividing your monthly budget between your expenses and your debts, it will be a lot easier to manage.
– Lower your interest rates. Since you’ll be paying just one creditor, the interest rates of your debts would also be significantly lower.
Disadvantages of Debt Consolidation
– There is the risk to incur new debts again. People who consolidate debts tend to use their credit cards again once their outstanding balances has been paid off. Paying a single debt each month makes it seem like you don’t owe much at all and you still can afford to incur new debts.
– A debt consolidation loan is technically a second mortgage. Since a this type of loan is secured on your home property, it is just like a second mortgage. It can take you a long time to be entirely debt free.
– Lower interest doesn’t necessarily mean less payment. Yes, a debt consolidation loan will lower your interest rate but since it is a long-term debt, if you calculate your repayments, you could be spending more in the long run.
– You run the risk of losing your home. This is the most serious factor about getting a debt consolidation loan. If you still fail to keep up with your debts, you end up losing your property. Obviously, once you get into a debt consolidation, you need to be aware of this risk and do all you can to make sure you will never delay or miss your monthly payment.
Would You Go for Debt Consolidation? As you can see, there’s more to debt consolidation than just rolling all your debts into just one payment. If there are other ways to get out of debt without getting a debt consolidation loan, why not consider it? If you really feel helpless about your situation, seek credit counseling from a trusted non-profit credit counseling group especially if you have trouble controlling your spending.
Bear in mind that debt consolidation will only work if you can perfectly keep up with your monthly payments. If you’re still unable to make your payments after consolidating your debts, then you’ll be facing a more serious dilemma and that is losing your home.
Don’t rush into debt consolidation without considering the responsibilities and consequences that comes with it. Remember, debt consolidation comes with adjusting your lifestyle and finding ways on how to handle your finances more efficiently.

Copyright 2009 New Horizon Business Services, Inc NHBS, Inc has been providing consumers and business owners with financing since 1989. Join our mailing list for Free Tips on Rebuilding and Repairing Credit. Click here for your trusted debt consolidation companies

November 18, 2017

Negotiating Debt Settlements For Credit Cards – Debt Settlement Negotiation Tips

You may be aware that negotiating debt settlements is one of the most effective ways to get rid of credit card debt.  What you may be less sure about is how to go about doing that successfully.  This article will explain how the process works and what your options are when you wish to go ahead with debt settlement.

First of all, I want to be clear about what debt settlement is and is not.  Debt settlement should not be confused with debt consolidation or debt management.  Whereas these other debt solutions are about finding new ways to repay your entire debt, the settlement approach is about negotiating big reductions in the amount that you owe before paying off the remainder.

Negotiating debt settlements is an option that is often used when a person is in a situation that is too serious for debt consolidation to work.  If you do not have enough spare income to make the payments required in a debt management plan, then debt settlement could be the answer.  Debt settlement is an approach which is particularly suitable and effective for dealing with credit card debt.

Negotiating debt settlements depends on being able to persuade credit card companies to write off a lot of what you owe, but they are not likely to do this if they think that you can actually afford to pay back the full amount.  For this reason it is more appropriate for people in quite serious situations, perhaps considering bankruptcy as the only alternative.

Once you are sure that negotiating debt settlements is the right option for you, there is a fundamental decision to make about how to actually do it.  The vast majority of people choose to use the services of an experienced debt settlement company, but it is also possible to opt to do it yourself.  To make an informed decision about this you need to have an understanding of what is involved in each option.

Negotiating debt settlements is a very specialist area and not something you are just going to be able to succeed at without some knowledge of the how credit card companies operate and the processes that they go through.  The fact that you do not already know anything about any of this does not need to be a barrier to going down this route, as it is possible to get detailed help and guidance to take you through the whole process of negotiating successful settlements.  If you are able to do this yourself, the clear advantage is that you take full advantage of the reductions you achieve because there is nothing to pay to a debt settlement company.

The alternative is to use someone who is used to negotiating debt settlements every day, and who understands the process completely.  The main advantages of this are that you can leave it all to them and they understand how each creditor operates and how to time their negotiations to achieve maximum discounts on your debts.  With some of the more well established companies, you can get the added advantage of the fact that they are negotiating with the same creditors for many other people too, so are able to get much greater reductions because of the larger amounts of money involved.

The only downside of negotiating debt settlements through a specialist company is that they need to be paid.  However, the best companies will only take a proportion of whatever they manage to save you, so you still end up much better off, you just do not save quite as much as if you did it yourself.  Debt settlement companies do not operate in the same way in the UK, because there is an alternative scheme called an IVA, which is widely offered by debt management companies, and which also results in debts being written off.

If you are not confident about negotiating debt settlements yourself and you decide to use the services of a debt settlement company, you have an extremely important decision to make with regard to which one you choose to help you.  The reason this is so important is that there are quite a lot of debt settlement companies out there who range from being just not very good, to the downright rip-offs.  Unless you take some precautions over who you select, you could end up being one of the many people each year who find themselves worse off after debt settlement than before.

To be safe, you need to avoid any new companies or organisations that cannot prove they have a record of success in negotiating debt settlements.  A good company will be able to point to lots of satisfied customers.  Another good safeguard is to always apply to about three companies, then go with whichever comes up with the best value offer.  The easiest approach is to follow recommendations for companies that are known to be very well established and ethical, then choose a few from the list to apply to.  Applying puts you under no obligation to take up any offers, and it gives you the opportunity to get a feel for the company and the people working for it.

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.

Where To Locate Debt Consolidation Loan Tips And Advice

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The debate over whether or not to obtain a debt consolidation loan can be a complicated one. In fact, as you go about mentally weighing the pros and cons about whether or not you should obtain a debt consolidation loan, you may be wondering where you might find some useful and helpful resources to assist you in coming to a better understanding of whether or not a debt consolidation loan is the right course of action for you at this juncture in your life.
As you debate the ins and outs of a debt consolidation loan, there actually are a number of helpful resources and sources of information that you will want to take advantage of as you go about the decision making process pertaining to a debt consolidation loan.
As with so many things in the 21st century, the Internet and World Wide Web is a valuable source of information for a person like you who is considering seeking a debt consolidation loan. On the Net, you can find a good deal of important tips and advice regarding a debt consolidation loan. There are websites that specifically address men and women interested in finding and using in depth information about a debt consolidation loan.
When looking to the Internet as a source of information about debt consolidation loan tips and advice, many lenders that are involved with debt consolidation loan options now maintain vital Internet websites. On many levels, these websites are useful as long as you do understand that these sites are working to gain your business. (You can, in fact, apply for a debt consolidation loan online.)
Several governmental agencies maintain websites that offer debt consolidation loan tips and advice. These sites can be very helpful to a person who is interested in learning more about debt consolidation, for people who want a less biased perspective on debt consolidation loan options that are available today.
There are a number of different resources in the real world available to people who are interested in a debt consolidation loan. There are well developed books and DVDs that offer debt consolidation loan tips and advice for consumers in search of information. You can find these books and DVDs at any major bookseller.
In the brick and mortar world, there are also some seminars programs that you can consider attending that do offer debt consolidation loan tips and advice. These seminars about debt consolidation loan options are offered in a range of different settings and forums. You likely will be able to find one that fits into your schedule.
You do need to keep in mind that there are traveling road show types of debt consolidation loan tips and advice seminars. These may not charge a fee as such but you may be required to make the purchase of materials and study aids. Make very certain that you understand what you are getting into before you become involved in such a debt consolidation loan tips and advice seminar.
Armed with debt consolidation loan tips and advice, you will be on your way to having all of the information that you do need to make decisions about whether or not a debt consolidation loan is the right decision for you at this point in your life.

Thomas Erikson is co-founder of which provides debt consolidation information and solutions. Find out how you can quickly and easily get your finances under control by getting a debt consolidation loan.

November 17, 2017

Debt Consolidation Help for You

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Are you finding your bills getting out of your control? Take professional debt consolidation help. Instead of paying for different bills a month, debt consolidation can combine all your bills into one to manage bills and at the same time reduce the interest rates you are paying. Debt consolidation help implies consolidating your monthly bills and reducing interest rates.

Debt consolidation is a simple process that involves combining all unsecured debts, such as credit cards, medical and insurance bills into one monthly payment, which is substantially lower than the combined payments a debtor is currently making. Debt consolidation works by allowing you to pay a fixed amount to the consolidation company and in turn, the consolidation company gives them the authorization to make payments to the creditors on your behalf. For its part, the consolidation company negotiates lower interest rates with the creditor and sometimes, a zero interest rate.

When you are suffering from debt, most creditors will not compromise with you for reduced interest rates and consolidated monthly payments. They will harass you by making calls after calls. Before it is too late, apply for debt management services through a debt consolidation help company. They have specialized in consumer debt help programs and they will make you free from debt in a few years.

Though debt consolidation is not the cheapest way, it is definitely a better way than bankruptcy. A debt consolidation company is experienced enough to make you get rid of debt. A professional debt management specialist can work with both you and your creditors to structure a best suitable arrangement.

Debt consolidation helps a debtor in various ways, such as-

1. Consolidate on monthly payments

2. Management of debt

3. Arrange you to with only one creditor

4. Helps avoid future debt

Debt consolidation helps debtors avoid the much more serious step of declaring bankruptcy. Plan a reasonable budget to make headway on your monthly bills. Avoid late fees, higher interest rates and consolidate the payments. Don’t let your debt be written off as bad debt, you will have hard time in getting any type of loan.


1.      Reducing high monthly payments

2.      Reducing high interest rates

3.      Helps in Stopping bankruptcy

4.      Helps in restructuring your future financially

Various means of debt consolidation:

If continuing to make the minimum monthly payments over and over has failed to get you any closer to getting out of debt, then it’s time for a change! Simply put, continuing to make minimum monthly payments can take years to pay back, and cost thousands of dollars in interest alone. Contact us for Debt Consolidation

November 16, 2017

Debt Consolidation-a Suitable Option for a Debt Free Life

Debt consolidation or debt advice has successfully helped many people to become debt free. Of all the debt relief options, debt consolidation has gained wide acceptance among the debtors. This is mainly because consolidating your debts makes it much easier to handle your finances. Debt consolidation allows a debtor to merge all debts into one debt account.

Debt consolidation options

Officially debt advice or consolidation offers two options. One is a debt consolidation loan and the other is a debt consolidation program. Majority of the people opt for debt consolidation program as there are less risks involved in it.

Debt consolidation loans

Debt consolidation loans may be either secured or unsecured depending on whether the debtor uses collateral or not. In case of secured loan, majority of the people use their homes as collateral. In case of unsecured loans, no collateral is required. Instead, the debtor’s repayment capacity is taken into consideration. In case of secured loan, a debtor may lose the collateral if he fails to make payments regularly and hence it is considered risky.

Debt consolidation programs

Debt advice or consolidation program is recognized as the most reliable option to become debt free. You consolidate all your debts into one debt account and then pay off your debts as per a new repayment schedule that has been worked out after negotiating with your creditor.

How does debt consolidation work?

You can handle your debts on your own after getting debt advice. You have to talk to the creditors directly and work out a repayment plan so that you can pay off your debts. However, in majority of the cases it has been observed those debtors who seek assistance of a professional or a debt consolidation company was able to get out of debt faster.

If you hire the services of a debt consolidation company, they negotiate with the creditors on your behalf and work out a repayment plan for you with reduced interest rate and hence lower monthly income.

Benefits of debt consolidation

In addition to enjoying a lower interest rate and lower monthly income, there are several other benefits you can avail.

How will you find genuine debt consolidation companies?

Debt consolidation is a growing industry and several debt consolidation or debt advice companies have started offering debt help to innumerable debtors. To find out an authentic debt consolidation company, you can check out with the BBB or Better Business Bureau to find out the credentials of the company. The number of complaints lodged against the company is also an important parameter to decide the credibility.

Author Bio:

This article is written by Jason Holmes, a community writer of Debt consolidation care. Jason Holmes has been writing on debt settlement, debt consolidation, credit card debt, debt consolidation loans and various other financial aspects.

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