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Posts tagged credit card debt
Debt Management Tips : How to Consolidate Credit Card Debt
May 31st
Ways to consolidate credit card debt include using balance transfers and contacting a credit union or bank for loans. Condense credit card debt, but read any disclosures regarding balance transfers, with advice from a certified public accountant and credit counselor in this free video on debt management. Expert: Jerrie Guthrey Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992. Filmmaker: Jack Guthrey
Credit Card Debt Explained With a Glass of Water
May 29th
www.totaldebtrelief.net uses a pitcher and a glass of water demonstrate the effects of minimum credit card payments. This video uses a simple analogy to describe how the average American is throwing away their money to the credit card companies. Visit totaldebtrelief.net for more information on credit card debt relief.
2 Easy Credit Card Debt Consolidation Techniques
May 28th
2 Simple Credit Card Debt Consolidation Techniques
Is your credit card debt the sole cause of your financial headache? Or maybe you are dealing with multiple credit cards, store cards and unsecured loans?
As soon as you realise that your credit card spending over the festive season, or at any time of the year, has left you with a pile of debt, then you may be on the lookout for simple but effective ways of consolidating your current credit card debt.
Debt Consolidation allows you to reduce monthly payments to your debts which should free up some extra money to help you with your secured payments, such as mortgage or rent. You may also find that debt consolidation of your credit card offers you a more competitive interest rate and that you can look towards being debt free. There are 2 Simple Credit Card Debt Consolidation Techniques:
Consolidation Technique 1: Debt Management Programmes.
Not everyone wants to consolidate their debt by getting themselves into more debt through a loan. Debt Management Programmes allow you to consolidate debt without getting any further borrowing which should offer you greater control over your finances.
What the Debt Management Programme will do is offer your creditors a lower monthly payment that you can afford. No matter how many creditors you have, a debt management programme allows you to benefit from just having a single payment to make. Your creditors may also be willing to freeze your interest and any additional charges on your unsecured debt, meaning that you can become debt free much quicker.
Consolidation Technique 2: Debt Consolidation Loans.
Although Debt Management Programmes offer you a way to consolidate your debt without a loan, they are not suitable for everybody as there are downsides such as your credit rating is affected. If you are not currently missing payments to your unsecured creditors but you are still looking for an simple way to consolidate your credit card debt, then a debt consolidation loan could be your answer.
Debt Consolidation Loans are often secured against your home so it is essential that you can afford to make these new payments or your home will be at risk. You may find that the benefits outweigh the implications as you could be making a lower monthly payment with a lower level of interest.
Can a credit card creditor place a lien on someone’s home to collect a debt?
May 27th
My wife and I are being harressed and threatened by a collection agency over the phone at my wife’s work to place a lien on our house if we do not make good the debt. Can a lien be placed on a home in Texas for a credit card debt?
Debt settlement versus debt consolidation for card debt relief
May 26th
www.howtosettledebt.org Debt settlement versus debt consolidation for credit card debt relief. Debt consolidation can lower monthly payments but debt settlement works better at debt reduction.
I need serious financial help… where can I go?
May 26th
I am in deep poo. I feel like I have exhausted every option I’ve had to try and save myself from the debt I’m in, and I just can’t get away from it. Here’s why:
I’m a single, 22-year old college kid that has just moved into a new state (Arizona) and I’ve been struggling to live on my own for about a year. I am not getting support from family, and will not.
Last week, I made the decision to drop out of my classes to get a second job because I’m in real hot water as it is, but that means in six months my loans will go into payment mode.
Unfortunately, nobody is going to hire a 22-year-old skill-less girl who can only speak one language around here.
I make about 1200 a month (I apparently make a lot more, but Uncle Sam makes sure he takes out about 400 a month for taxes and Social Security, something I don’t even think I’ll get to enjoy) or a bit less. By the time my “essential” bills are paid — cell phone, rent, car note, car insurance, and the gas I require to get to work at my first job, I actually OWE the bank money in overages.
But it doesn’t stop there — that estimate doesn’t even include groceries, renter’s insurance (which I’ve been avoiding getting because of this), internet (essential for various reasons), vet care, car maintenance, or the 5 thousand dollars of credit card debt I have. 
Yes, I was a stupid college kid, and my dad told me to live off of them because he couldn’t support me and it took me that long to find a job. And the student loans are coming…. I need to be making TWICE what I’m making now just to break even.
I’ve tried refinancing my car. No one will touch me – again, 22 year old with no past history in the state. My bank will not offer help, and the credit card companies (even though I’ve called them and they’ve lied to me on multiple occasions) are refusing to lower my APR from 29.99% and won’t work with me to get the cards closed or put me on a payment plan. I can’t even afford the minimum payments with an APR like that, how can I ever even hope to get it paid off??? I don’t qualify for food stamps (I make too much money) or any federal aid that I know of. Going bankrupt will ruin me for the first seven years of my life, I’ll be 30 before I can twitch financially again.
If it were an option, I would break my lease and move further out where the rent is half as costly. I’m in my lease for another 10 months, but the owners announced the property was listed in bankruptcy only one month after I signed it and I have no idea what that means for me.
Anyway, I am really looking for serious advice… maybe there’s some programs I haven’t found out about, or something. This is just stupid.
How to Get Out of Debt (and NOT get scammed)
May 25th
Got Debt? In Distress? Don’t Know What To Do?www.DebtReliefCompanies.net offers straightforward and honest breakdown of your options to get yourself out of credit card debt. Save hours of research! Debt help is available but be careful before deciding which debt relief solution is best for you. One size does not fit all so learn the advantages and drawbacks of the various debt solutions in this small presentation.
can two different collection agency’s collect on the same credit card debt?
May 25th
I have an old credit card debt (2001) and two different collection agency’s are trying to collect on it. One put a lien on my house and the other garnished my wages Do they both have the write to collect on the same debt?
Debt Consolidation Loan – Easy Interest Rates and Terms
May 25th
A debt consolidation loan is taken in order to repay existing debts that have been merged into a single consolidate debt. Debt consolidation is the process of putting all your outstanding debts together under a single loan head, and then negotiating with your creditors for simple loan terms.
The Aim of Terrible Credit debt consolidation loan
The first part of the credit card debt consolidation program is to negotiate with all your debtors and help you merge all your debts into a single manageable consolidate debt. Your debt consolidation company will negotiate on your behalf and get the best possible deal for you, either in terms of lowered interest or increasing the loan term. After this, you need to repay your consolidate debt in installments to the debt consolidation company who will in turn repay your creditors. If it is possible to pay the consolidate loan without taking out another loan, then this is the best option.
Sometimes, it may not be possible to repay your consolidate debt through your savings or income alone. In that case, your debt consolidation firm will advance a debt consolidation loan on simple terms, and low interest rates. Many people may not like the thought of taking out a debt consolidation loan, especially since they are already having distress managing existing debts. But, unless you tackle your outstanding debts quickly, the interest rates are likely to keep rising, making the situation even more hard.
Types of Terrible Debt Consolidation Loan
Debt consolidation loan is of two kinds, secure and unsecured. If you are looking for simple interest rates and have collateral to offer, then secured consolidation loans are the best option. If you donât have a collateral, and are saddled with a heavy debt burden, you will have to go for unsecured consolidation loans at higher interest rates.
Online debt consolidation Companies
Online debt consolidation offers many advantages. You can browse through the websites of dozens of debt consolidation companies offering loans, and they even offer free online debt consolidation quote to people. Choose the company offering the best quotes and it will help you consolidate all your debts into a single manageable loan. If you still cannot pay the consolidate debt, you can take out a separate debt consolidation loan for this purpose.
A debt consolidation loan will make life simpler for you, taking aggressive creditors off your trail, and help you repay all your credit card, education and other debts.
Is there any statute of limitations for a company trying to collect credit card debt?
May 24th
I have a credit card company coming after my wife for a credit card debt from 2000. This is coming totally out of the blue. We had paid off all of her credit card debt back in 2002 before we got married. We got rid of all proof of payments that we made on her debt because it was now 6 years later! I have a feeling that we paid this off, but I have no proof. Can they still come after her 8 years later??
