Debt Arbitration – Use a Third Party to Mediate

Debt arbitration is a dispute resolution remedy that may be available to both debtors and creditors alike.  The process involves a neutral third party who would mediate between the parties in order to come up with a solution acceptable to both. Read the rest of this entry »

Unsecured Debt Settlement – The Only Kind of Debt You Can Settle

If you are wondering why unsecured debt is the only kind of debt that can be settled, it should be remembered that when it comes to secured debts, creditors will be hard pressed to settle. Why? Because they have the option to charge the money owed against the security you put up, which is usually in the form of property or some other non-liquid asset. On the contrary, the creditor’s recourse is limited when it comes to debts without security, making unsecured debt settlement a viable option. Read the rest of this entry »

Credit Card Debt – Credit Cards Make it Too Easy to Accumulate Debt

Why do we have so much credit card debt? The credit card is perhaps one of the best innovations in the sphere of commercial transactions. It is instant currency in a card. It is efficient, practical, and uncomplicated. These cards are perfect for people on the go; which basically applies to almost every single person in this century. However, this perfection is not without a catch. Read the rest of this entry »

Debt Settlement Letter – If You Do It Yourself, You Need to Know This

If you are comfortable with your negotiation skills and find it unnecessary to use a debt settlement program offered by various companies, you can try to settle your debts by yourself. There are rare instances when the creditors themselves initiate the process of settlement by sending you an offer letter. However, in most instances you have to start the ball rolling. You can do this by sending your creditors a debt settlement letter. Read the rest of this entry »

Debt Negotiation Services – The Key Component of a Debt Settlement Program

Debt negotiation services are usually offered by debt negotiation companies as part and parcel of their debt settlement program. These services come with a price, since the company will represent the debtor at the negotiation table to obtain a much better and more affordable deal. Read the rest of this entry »

A Quick Guide to Debt Counseling

Sometimes, debt problems become so out of control that professional help becomes indispensable. Debt counseling is one of the many professional services made available to individuals who need help in coping with and paying off overwhelming amounts of debt. Many companies, both profit and non-profit alike, offer debt counseling to debt-laden individuals who need a realistic plan that will allow them to pay off their debts within a period that their income allows. Read the rest of this entry »

Student Loan Debt – A True Burden for People Starting Their Careers

Finding a good paying job is even more crucial for new college graduates who have to juggle between paying their student loan debt and credit card charges. According to the National Center for Education Statistics, an approximate 50% of fresh college graduates owe some form of student loans with an average amount of $27,800. Read the rest of this entry »

Consolidation Debt Help – A Guide for Better Debt Management

If you are juggling several credit card debts and find it difficult to cope with timely payments, debt consolidation can help you manage your debts better, ensure that you will not miss another payment deadline again and avoid onerous late payment charges and exorbitant interest rates. However, debt consolidation is not for everybody; to find out if this option is best for you, finding reliable consolidation debt help is essential. Read the rest of this entry »

Consolidate Credit Card Debt – Guide to Debt Simplification

Paying off debt can be taxing, more so if it involves several debts with varying monthly due dates and interest rates. Multiple credit card obligations is now a common reality shared by many individuals. It means juggling between different interest rates and monthly due dates which can easily end up in late payments and penalties. If you are caught up in the same dismal situation, you may want to consolidate credit card debt into a single monthly payment. Read the rest of this entry »

Debt Settlement Methods

Nowadays, it is impossible not to incur debt in one form or another. Unfortunately, there are those whose debts have reached such a state that it is now controlling the life of the debtor instead of the debtor taking control of the debt. When this happens to you, you should be proactive in finding ways and means to bring about debt settlement and get yourself out of financial trouble. If you don’t do so, you can say goodbye to your peace of mind and financial security. Read the rest of this entry »