I have known people who were of the opinion that nothing short of a settlement would help them get rid of their debts. However, they quickly changed their opinion once they negotiated with their credit card issuer. The moral is your credit card issuer need not share your enthusiasm for a settlement of the debt. If you want to settle your debts and obtain a waiver from your lenders, you will have...
The current recession has hit a large number of persons very hard and has thrown the financial planning of millions of individuals into disarray. Hence, it is natural to feel the need for impartial and analytical debt counseling from a third person. However, you should always opt to deal with experts who can provide good advice. If you listen to bad advice at the beginning of the problems, you...
Credit card companies are non profit making organizations; in fact they are the money makers in the economy. It is all a game of time; most of us have taken loans for either the necessities or the luxuries, deferring the payment to a future period. It all went smooth as long there was a continuous and reliable source of payment. During recession it is a different ball game altogether, the job...
Credit card debt is a problem for a lot of consumers. With the evolution of the concept of credit the use of a credit card has become a status symbol. It is an indicator of a persons earning capacity. The recession has not only affected the thought process of people but also the purse strings of many American citizens. Many who could not take the pressure of being in debt filed for bankruptcy and...
Legitimate debt settlement companies do not try to earn money for each and every transaction they enter into. You can easily get lots of useful free advice and tips that will help you manage your debts better. On the other hand, illegal companies will always charge you for every minor service provided. There is no such thing as good business practices when we speak of illegal companies. Emphasis...
Before this recession hit the global economy, the only way to avoid repayment of debts was to declare bankruptcy. This was often explained as a very useful financial option. However, the truth is that bankruptcy is the worst possible option if you want a healthy financial life in the long term. The fact that you declared bankruptcy will always be present on your credit score for at least eight to...
Before this recession hit the global economy, the only way to avoid repayment of debts was to declare bankruptcy. This was often explained as a very useful financial option. However, the truth is that bankruptcy is the worst possible option if you want a healthy financial life in the long term. The fact that you declared bankruptcy will always be present on your credit score for at least eight to...
Debt settlement companies cannot be selected just like that. There are a number of factors which indicate that whether such a company is professional or not. For instance, a debt which requires the clients to make total advance payments is not legitimate at all. Once the payments are made, these companies give in their least inputs to convince the bank. There are a number of companies making...
Have you ever wondered why a person hires a debt settlement company instead of taking the situation his own hands? The reason is convincing power. These companies have a lot of convincing power required to handle financial companies. They have highly target oriented consultants who work to achieve their goals. Now getting a settlement consultant does not mean lowering the payment percentage, but...
A debt is a debt irrespective of how small or big it is. Some credit card holders may frequent payments which reduces their debt at the end of the month. However they fail to make payments for amounts that are due, they seek a debt settlement through small business debt relief. Well lets first understand what a debt relief is and how does it work. Debt settlement is a solution introduced to...