Debt Management Plans – Road Maps for Keeping Your Finances in Order

Debt management plans are offered by most credit counseling companies to help over-indebted individuals manage their unsecured debts. The plan is drawn up according to the debtor’s capacity to pay. The counseling companies will then negotiate with creditors to reduce interest rates and/or eliminate late and over-the-limit fees. Read the rest of this entry »

Do it Yourself Debt Settlement – Is this Something You Want to Do?

Some people will advise you not to use a company for debt settlement. They will say you can do it yourself for no cost. In fact, there are numerous online guides about do it yourself debt settlement. But, is this right for you? Read on to see if you’d like to try it on your own. Read the rest of this entry »

Things to Remember Before Opting for Debt Settlement

Guest post by Jack Reed

Is your financial condition truly critical? Are you desperately looking for a way out of the debtor’s prison? If yes, then debt settlement may be the right solution for you. So what exactly is debt settlement and how can it save your neck? Read the rest of this entry »

Credit Card Debt Reduction – Win the War Against Debt One Battle at a Time

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There is no known single formula that can magically transform your debt-laden financial condition to a clean slate over night. However, you can achieve freedom from the debilitating effects of excessive debt using a combination of several credit card debt reduction strategies. Read the rest of this entry »

Credit Card Debt Elimination – 3 Ways to Eliminate Credit Card Debt

Credit card debt elimination should be high on your priority list if you are starting to have trouble paying your credit card bills and making monthly payments. Paying just the required monthly minimum will not solve the financial dilemma. It may seem more manageable just paying a small amount every month but it worsens the problem rather than solving it. For every balance that remains unpaid every month, the interest on interest that you are paying continues to multiply and can have a disastrous effect on your financial freedom and security. Read the rest of this entry »

Debt Settlement Offer – What You Should Know About this Key Component

A debt settlement offer is the amount for which the creditor is willing to settle. There are cases when the creditor sends out settlement offers to debtors who they think are at risk of non-payment or bankruptcy. However, most often, the debtor initiates the process, either personally or through a debt settlement program, by proposing to the creditor the settlement of the money owed the latter for a significantly lesser amount. The final amount is most often determined by how much the creditor is willing to accept. Read on to find out the essentials of this key component to debt settlement. Read the rest of this entry »

It Takes a Lot of Work to Become Debt Free

It is a fact that there are countless methods claiming to provide the formula to become debt free. Some of these methods include debt settlement programs, debt consolidation and debt counseling. However, it is also undeniable that all of these methods take time and require work and effort from the debtor as well. Moreover, the solutions are only temporary and deal only with existing debt. These solutions do not guarantee that the debtor will remain free of debt for a long period. Read the rest of this entry »

Quick Guide to Debt Consolidation Programs

Debt consolidation programs are everywhere: online, in your mail, in your periodicals, and who knows where else. What do these programs do exactly and do they work? Read on to find the answer to this question. Read the rest of this entry »

Is it Possible to Negotiate Credit Card Debt?

Are you too deep in debt that you can barely afford your minimum payments? You can’t just ignore the situation and hope that things get better because they won’t. You need to actually do something to mitigate your financial quandary. Take action and find ways and means to get out of debt. One way to do it is to negotiate credit card debt. Read the rest of this entry »

Debt Management Software – What to Look Out For

Managing one’s finances is not exactly a walk in the park, more so if you are juggling various debts and simultaneous or successive payment dues with a limited income. For most debt-laden individuals, planning out a budget with all the payables looming is a big challenge, because it can be difficult to prioritize what to pay first. As a result, some debts are left unpaid and continue to grow out of proportion. If you are in the same situation, good debt management software may be a necessary investment for you. Read the rest of this entry »