Finance, Loan, Debt and Credit.

January 11, 2018

Debt Consolidation Advice: Get your Multiple Debts Back in Order

If you are stressed under the burden of multiple debts and struggling hard to deal with the minimal debt installment then it’s the right time to consult a lender or company that offer you an advice regarding the debt consolidation. Debt consolidation advice is meant for the borrowers who are planning to consolidate their multiple debts.

Before discussing about the Debt consolidation advice it would be better to know about the debt consolidation loan. The purpose of debt consolidation is to help the borrower to consolidate his multiple debts into a single manageable loan. Borrower can get his debt consolidate from the new lender or one of the existing lender. Therefore, debt consolidation loan helps the borrower to deal with single debt at comparatively lower monthly installment.

So, dealing with the debt consolidation advice helps the borrower to step in the right direction to get his finances back in order. Though, borrower must select the best debt consolidation adviser to deal with his multiple debts.

Debt consolidation advice is usually offered by the non-profit organizations to counsel and educate the borrower against their multiple debts. The motive behind debt consolidation advice to gain control on borrower’s finances so that borrower don’t get indulge in the worst situations like bankruptcy.

Companies that deal with debt consolidation advice offer their borrower a free debt consolidation quote that benefits the borrower to manage their multiple debts with single debt.

So while opting for debt consolidation advice, borrower must look for lower interest rate, larger amount, and easy repayment option.

Borrower can avail the debt consolidation advice from high street banks, financial institutions or leading lenders. But the wise choice to avail debt consolidation advice is through online mode. Online offers easy and cheap way to compare and contrast the quotes of different lender before availing the best advice.

Therefore, while selecting the best company that offers debt consolidation advice, it is mandatory that borrower must choose that company which offers attractive quotes to deal with debts.

Alex Jonnes is associated with Easy Debt Consolidations.He is Masters in Business Administration and writes on various finance related topics To find Debt consolidation advice, Secured debt consolidation loan, Unsecured debt consolidation, Personal debt consolidation visit

November 30, 2013

Credit Card Debt Settlement Programs – Must Do Steps In Order To Be Successful

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

The global economic recession is making it increasingly harder to make enough money for nations and states and corporations to keep balanced books.

For the individual, even in highly industrialized and developed countries like the United States, it is even harder because the cost of wages are far below the cost of the basics of life. All this has resulted on an increased reliance on credit cards to pay for some very basic expenses like food and gas.

Hector Milla Editor of the “Federal Credit Card Relief” website — — pointed out;

“…Despite this grim situation, there is a way, as an individual, to get out of this financial mess. It is called Credit Card Debt Settlement. This is a strategy to renegotiate your debts with your charge card, reducing it by as much as 60 percent or more. The 40 percent that you do pay will be considered as payment in full. You will then be freed from the burden of the debt and the stress of watching the amount owed go up every month as the interest on it begins to accumulate. In addition, debt settlement provides relief from the constant phone calls from collection agencies eager to get their commission by reeling your debt in. With a settlement in place, you can begin anew…”

These negotiations can be highly successful if one follows some specific steps. These steps can be undertaken by the debtor or by the debt relief agency that the debtor hires to represent his or her situation.

Usually, it is well worth hiring a professional company to work on your behalf. They are able to get you a bigger discount and the process is much faster. In addition, there is considerably less stress on you as you don’t have to deal with difficult credit companies.

Here are the steps that must be done to be successful. Not all the steps are necessary, as success may happen at any stage of the process.

The first step is to contact the credit company and make your case about why you can’t pay the outstanding balance and why you need a 60 percent, or higher, discount on your debt so that it can be considered settled.

The second step, should the credit company not be willing to be flexible, is to stop all payments. This will cause the collection companies to call. During each of these calls, continue to insist that you will make a payment if they are willing to settle.

The third step is to start putting the money that you were paying into a savings account.

“…The fourth step is to send the money in the savings account as the settlement money once the charge company understands that unless they work with you they will not get any money at all…” added H. Milla.

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