Finance, Loan, Debt and Credit.

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.

August 28, 2016

Education Loan Consolidation – Legitimate Lenders

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

Education loan consolidation can be tricky. There are hundreds if not thousands of creditors waiting to give you a deal for your loan consolidation education. You should be able to tell the difference between banks and legitimate businesses that have been designed to make quick money , a borrower novice to tell.

A legitimate lender will not tip or try to make a decision, it is considered that there is no deadline for consolidation of yourEducation loans. They will answer your questions and perhaps explain their program of consolidation loans for education as a whole.

Interest rate

Interest on loan consolidation loan in accordance with the federal budget a student loan default in your state. The rates are weighted and rounded to the nearest eighth of a percentage point. The interest rate is limited to 8.25% which means that you have neverInterest rate that is higher than this, but you can certainly one which is much lower.

Balance vs Term

You should already be aware of the balance for your entire education consolidation loan. The loan amount will determine how much time you will receive in full for a refund. Over a long period, the lengths are as follows:

Under $ 7,500 – 10 years$ 7,500 to $ 10,000 – 12 years$ 10,000 to $ 20,000 at 15Yearyears $ 20,000 to $ 40,000 – 20years $ 40,000 to $ 60,000 – 25About $ 60,000 – 30 yearsAbout Consolidation

Education loan consolidation lenders will consolidate the majority of loans with total assets of under $ 7,500. The direct loan program is the most popular that handles loans with balances less than $ 7,500.You can consolidate loans more than once, unless you have a new addition to the consolidated loan.After a fixed interest rate does not change, you Have loan term, stick with it for the whole year.Creditors for the federal education loan consolidation usually offer deferment and forbearance options.You can consolidate loans while enrolled in a program and delay payments until after you have completed the program.Most lenders offer borrower benefit programs, reducing the amount of interest you must pay for the electionMembership in a program of direct debit or do a number of consecutive payments.


August 13, 2016

Credit Debt Settlement – How Do Legitimate Credit Card Debt Settlement Companies Work

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

Many people are thinking about using a debt settlement company to help them dig their way out of debt, but they are unsure of whether it is the best solution for their needs. Many questions may arise – such as: Are these companies legit? How does this work? How much is this going to cost me? How long does this take?This article is here to make the answers to these questions very easy to understand. It is important to remember that these are general answers. In general these steps are meant to put you in a position where you can better analyze the credit card settlement process and every individual debt settlement company. Specifics may vary – but the general form of each debt settlement company will be similar to what is presented here.Understand How Credit Card Settlement Companies Work -Step 1 – General IdeaDebt Settlement companies negotiate your debts directly with the creditor or collections agency that you owe. The idea is to settle your debt for 5%-50% of the original balance – saving you money and time. Savings can be up to tens of thousands of dollars and 10 or more years off paying back debt.Understand How Credit Card Settlement Companies Work -Step 2 – Length Of The ProcessThe term of a debt settlement plan will usually last 12 -60 months. Usually there is no prepayment penalty – meaning you can send in extra funds to pay the account down more quickly if you like. Once all your creditors are paid – you are done. You do not have to simply make payments for the rest of the original term.Understand How Credit Card Settlement Companies Work -Step 3 – ChargesCharges for a debt settlement account will usually include:a. A monthly maintenance fee for your escrow account – usually $20-$50 monthly b. A start-up fee (some do not charge this) $100-$400 OR 1-2 payments (depending on the company and salesperson) c. You will be charged:EITHERA flat percentage of your total enrolled debt – usually 15%. At 15% – you would be charged $1500 on every $10,000 you enroll. When you are charged based on enrolled debt amount – you are charged REGARDLESS if any settlements are ever reached. This is NOT a good way to be charged because the company makes money whether they help you or not.ORA percentage of the amount saved. In this case you are only charged AFTER a settlement is reached. The more you save – the greater the both you and the debt settlement company benefit. This gives the company an incentive to save you the MOST possible. This is the BEST fee structure.Understand How Credit Card Settlement Companies Work -Step 4 – Settlement AgreementsWhen working with a settlement company your debts are paid to the creditor once an agreement (settlement) with your creditors is reached. Agreements may be paid in a lump sum or over a period of months. It may take several months or several years for an agreement to be reached – depending on how aggressive the settlement company, how cooperative the creditor/collections agency, and how much money is available in escrow. This is why is it VERY IMPORTANT to work with an aggressive and reputable Debt Settlement Company.Understand How Credit Card Settlement Companies Work -Step 5 – Creditor CallsCreditors may continue to call. Once again – working with at reputable company is very important because they will have a better relationship with creditors and may be better at making those annoying calls stop. Telling collectors that you are working with a debt reduction company will not always stop the harassing calls. Creditors still have a right to continue calling and they will usually do their best to get a payment in the door. However, they cannot legally call you at work once you have notified them that calling at your workplace is inappropriate. Choosing the right debt settlement company and program is the BEST way to STOP creditor callsUnderstand How Credit Card Settlement Companies Work -Step 6 – Getting SuedYour creditors/collections agencies may sue. Some settlement companies are very effective at handling and even stopping such lawsuits. This is the #1 reason not to go it alone. Most people need the help of seasoned professionals when creditors threaten court action.It is highly recommended that you speak directly with a debt settlement company and get a feeling for them. Choosing the right company could be the decision that helps you become debt free, and help you return to the good credit you deserve.

June 5, 2016

Credit Card Settlement – A Legitimate Way To Overcome A Heavy Debt Load

There is no magic solution to get out from under heavy credit card debt. Every consumer has to work out the right way that enables payment and moving on with one’s life. Fortunately, there are ways to work through credit card settlement, and it is a much safer and quicker way than many understand.Statistics show that most consumers have more than one credit card, whether they have the ability to use them and subsequently pay for the debt. The temptation is too great to buy groceries and other necessities when money is tight. Then, the debt mounts up and becomes too overwhelming. While bankruptcy can be an easy enough option, no one wants to go through the process and certainly the lenders do not want to see consumers do this.It is precisely the reason that credit card settlement has become a popular option. For the consumer, it provides a way to pay off debt with lowered principle amounts, and for lenders, they get a portion of the debt repaid rather than none in the case of bankruptcy. For every consumer who is in debt, it seems like a very personal issue to deal with, but the reality is that bankruptcy puts everyone involved in a worse financial predicament. Lending institutions suffer huge losses when people declare bankruptcy, and they would far rather settle on a lesser amount to prevent their own snowball effect of losses.The current Presidential administration developed a stimulus package, which many Americans misunderstand. The bailout, as it was commonly called, was given to large financial institutions rather than directly to consumers. Consumers, who are also taxpayers, resented this, but, in fact, it was a move to help lenders recover from losses that resulted from bankruptcies. The package also gave them incentive to work with consumers for alternatives.Credit card settlement is now thought of as an excellent solution to bankruptcy. One great option is to work with a debt resolution company. They, essentially, take over with a consumer’s creditors to negotiate a new principle amount, and then work through an insured bank account to pay off the bills. Having a professional negotiator represent a consumer is proving very effective in lowering amounts, and it can provide a certain peace of mind for him too.This type of credit card settlement does affect a credit rating, but only until the negotiated amount is paid off. At that point, the consumer can get back to building a good credit rating, and this is not the case in bankruptcy. Most credit card settlements are completed in 12 to 36 months, and that’s much better than the ten year notation that bankruptcy puts on credit reports.

May 9, 2016

Debt Consolidation – A Legitimate Way To Get Freedom from Debts

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

Debt consolidation is a process whereby debtors can gain freedom from debts through an arrangement suggested by a loan provider, known as debt consolidation agency. Before allowing the debt consolidation agency to take larger credit for the freedom from debts, many borrowers will question the role they play in the process. Do borrowers actually play so minute a role in the process as depicted? Since it was his loan that was used to pay to creditors and his money being involved in the process how can borrower’s role in the debt consolidation process be discounted thus?It is not that the debtor or the borrower does not play an important role. It is only that their role is supplementary. Had it not been for the debt consolidation agency, the debtor would have continued with the debts.Debt consolidation agency provides focus and direction to the attempts by the debtor to come out of debts. Experts from the lending agency study the case of the debtor and then suggest the recommended courses of action. The worst case of debts can be a vicious circle of debts. In a vicious circle of debts, borrowers are never able to come out of the entrapment of debts. Such debts require a revolutionary action, which can be offered only by a debt consolidation agency. Debt consolidation agency advances a loan to the borrower. Known as debt consolidation loan, this loan that will go towards the payment of debts, rather than individual’s personal income. When personal income does not go towards payment of debts, borrower can continue making expenses to routine heads as earlier. This reduces chances of any future debts.Debt consolidation is an amalgam of several processes and sub processes. The debt consolidation agency will deploy a loan representative to assist the debtor with the several processes. Borrowers can question every move of the experts. They are free to exercise their discretion on important decisions.Firstly, borrowers are required to make a total of the several creditors to whom they owe. Categorizing them will make the task of analyzing debts convenient. Debts are to be categorized on the basis of high or low rate, types of debts, time when they are due, and any other basis as the borrower feels necessary.Having totaled the debts, the borrowers can get onto the task of creating a solution towards debts. Debt settlement is not as plain a task as most of us will feel. A vicious circle of debts as mentioned above requires revolutionary action. Similar is the case with the debts accrued through credit cards. The increase in debts through the high interest rate is a matter of concern. Dealing with the credit card debts in the same manner as a low interest debt will be incorrect. Since credit card debts carry a high rate of interest, they are dealt with on a priority basis. Similarly, the debt consolidation agency utilizes different techniques for different debts and situations.The debt consolidation agency will also help borrowers with the negotiation on debts. Don’t you bargain with the creditor to lower the rate of interest or lower the amount repayable? The same is done by debt consolidation experts on the behalf of the borrower. The expert induces the creditor to bring down the repayable amount. His principal target is the unsecured creditors. By promising them a one-time payment, the expert is able to bring many of the creditors towards a common thinking.However, there are a few donts associated with debt consolidation loan. Never use debt consolidation loan as an excuse for incurring debts. If you have taken a debt consolidation loan, you must pay it in full. An unpaid debt consolidation loan is no better than a debt. This will again necessitate a debt consolidation loan. Lenders, who can clearly see that you are a habitual defaulter, would not lend. It is much easier thus to pay the debt consolidation loan. A small monthly payment is all you have to make towards the debt consolidation loan and you are free of all the ensuing problems.

March 24, 2016

Are There Any Legitimate Services For Credit Card Debt Consolidation?

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

There are a number of companies out there that claim to be able to magically make your credit card debt disappear.

The truth of the matter is that you debt will not just go away; you will need to pay it off one way or another. If you choose to attempt to do it yourself, you will most likely end up paying these balances for years to come. Late fees will be adding up if you are not on time, and most of your payments will go toward astronomical interest rates instead of actually paying down the balance due on your account. One other option available to you is the credit card consolidation loan.

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

“…A legitimate debt consolidation loan professional can negotiate with your creditors to get your fees and possibly your interest rates reduced or eliminated. Your loan will then cover all of your credit cards and leave you with one payment to make each month to repay your debt consolidation loan…”

It is important that you know your rights as a consumer and understand the debt consolidation process if you want to choose the debt consolidation company that is right for your financial situation. Educating yourself properly on your rights before choosing a company can save you a lot of money and aggravation in the long run.

“…Once you are completely aware of what your rights are, you will be in a better position to know what companies you are talking to have your best interests at heart. You want to be on the lookout for those companies looking to charge you large amounts of money up front. If you are having trouble paying your existing debt, it does not make the best sense to incur even more debt in an attempt to get out of it. Researching debt consolidation before you choose a company will help you to determine what a reasonable fee is for a professional credit card debt consolidation loan…” added H. Milla.

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

September 23, 2015

Legitimate Credit Card Debt Consolidation Companies Are Your Best Option

Thinking about trying to avoid bankruptcy through a consolidation loan? There are many companies online that offer counseling and consolidation services for credit card debt, but finding one that isn’t dangerous or a possible scam can be difficult.

Unfortunately, sometimes it seems like the legitimate companies are hard to find and a debt consolidating loan is frequently the best option available. Read on for some tips at finding a safe and legitimate company that will provide the counseling and lending help that many people overburdened by obligations need.

Look For A Company With A Good Record

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

“…When someone finds a debt help service to consider, one of the first things they should be doing is making sure the company has a good reputation. The first step should be contacting the Better Business Bureau and making sure they have no complaints or problems listed about the company. This can be followed by doing a thorough internet search to make sure that the specific company doesn’t have any high profile problems that customers are talking about online. These two steps can go a long way toward making sure a company is legitimate…”

Find A Company With Live Help

A good debt consolidating company should offer live help that can talk to potential customers about the services they have and how they can help an individual credit card situation. Some less reputable companies will stick to canned responses that don’t really say anything when a potential customer looks for more information about what they offer. These companies may offer services that can do more harm than good, or they may even simply collect a fee for nothing. With the right research and live help that can explain the credit consolidating structure, these traps are simple to avoid.

Consolidate Debt To Avoid Bankruptcy

“…A good consolidation company will do a great deal to help a customer get out of debt safely. Many customers are able to restructure their unsecured debt in a way that will help them pay less interest and lower monthly payments. A good company can deal directly with credit card companies to help a consumer pay back less money and regain their financial security. With the right legitimate debt consolidating service, anyone can dig their way out of overwhelming credit card loans. A good company will provide all the tools a person needs to pay off debt and avoid bankruptcy…” N. Osorio added.

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

August 5, 2015

How Do I Get A Legitimate Credit Card Debt Consolidation Company?

To find yourself the best and most Legitimate Credit Card Debt Consolidation Company, you must do more than just perform a few quick searches online.

You must know what to look for so you won’t be fooled by bad companies that only want to take advantage of those who are in a bad situation.

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

“…The first thing you must keep in mind is that a true legit and reputable company will never ask you for any money upfront, or if it does it will be part of a contract that both parties went through together and nothing will ever be paid in cash. You must keep receipts and copies of everything you sign with the company. A professional that is dealing with a debt consolidation situation and that won’t have any contracts and everything written down cannot be serious about their business…”

Something you must keep in mind is that it doesn’t matter how desperate you might be, you are the customer and only you should be the one who will set the standards and tell the company what you need and how you can pay your debt settlement. Don’t settle for what they say first without thinking through things. Make yourself be heard, that’s the only way to get things working for you the way you deserve.

After you have realized how important it is for you to control the entire situation while showing the company that you can only go so far and from there they will be able to help you by giving you all the options they cover with the plans and arrangements they offer.

“…Don’t let they lead the way. Instead show them how you need to be helped so they will know where to go and how to mold the plan around your needs. Remember that they are there to offer you a service, not the other way around…” added H. Milla.

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

July 18, 2015

How To Find A Credit Card Debt Consolidation Company That Is Legitimate?

When looking for a good way to go about solving multiple credit card debts without having to worry about all the building up extra fees you had not expected, it is hard to find a good company from scratch who will not walk you into the exact same situation.

Scam companies can trick you into signing agreements with hidden or fine printed terms which are too easily overlooked because they do not want you to notice them. These types of companies are not here to help you but to make as much profit out of you as possible until you cannot be squeezed any longer. A credit card debt consolidation service could in fact be the solution for you.

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

What is a credit card debt consolidation company?

“…A credit card debt consolidation service works by helping you fix your credit while getting out of credit card debt, but only if you are financially capable of following through with the agreement. A consolidation service will set you up with a 1 on 1 appointment with a consolidator who will ask you exactly how much of your debt you want paid off; along with the credit card companies you would like to pay…”

Then the consolidator takes these debts combine them all together to make one mass amount of money due. The consolidator will then need you to sign over an asset to hold against the loan of equal or greater value to your loan. From there the consolidator will create a timely plan with you to pay the loan back to the consolidation company in a manner which is manageable with the costs of living while concerning your monthly wages in comparison.

What makes a fake credit card debt consolidation company?

“…Fake credit card debt consolidators will be very overly persistent to get your service, they are not worried about your well being and do not accept people who are not already backed into a corner so bad that once they join the scam company they cannot get themselves out without losing all their signed over possessions used against the loan. Scam companies will not offer excessively lower rates, “Even though they can and still make profit.” The company will have many hidden terms within their contracts and the consolidators will do everything they can to get you to sign the papers without reading them…” added H. Milla.

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

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