There are so many options out there when it comes to getting rid of your debt. You’ve probably seen your share of television commercials touting a company’s good record. There are also hundreds of companies doing business online, and I bet you get spam emails about eliminating your debt or improving your credit score. But you can’t really trust a company doing business online. Your financial information could be stolen, and you might get in deeper debt. There are a few things you can do without the help of an outside source to get yourself out of the hole. Continue reading
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Forgiven Debt: How Settlements Increase Taxes
So you’ve just had a successful debt settlement. You had a large balance (let’s say something like $7,000), and now you have to pay just a portion of it ($4,000) within a couple of months. You might think the remaining $3,000 is gone for good, but think again. It’s called forgiven debt, and you might have to pay some of it to the government. Continue reading
When should I refinance my car?
If you’re renting a car, you’ve taken out a loan and you’re making monthly payments. It is possible to change the amount you are paying, or refinance the loan, and there are times when a refinance would be advantageous to you. It isn’t for everyone, so determine if you need one before you get one. Continue reading
How to get holiday loans for tax refunds
October is on us now, meaning the end-of-the-year holiday season is approaching soon. (You’ve probably already seen Christmas products in retail stores, before you’ve even bought that pumpkin for Halloween.) That means you’re most likely thinking about getting that special someone or your kids a few gifts, gifts that might put a hole in your pockets. In the currently struggling economy, you know about the dangers of having too much debt. If you read the article about charge-offs, you know some things with candy-coated names are not as sweet as they seem. The holiday loan is another one of these items. Continue reading
Debt Negotiation Advice for Charged Off Accounts
Negotiating your debt can be an unnerving experience. Whatever you do, always remember to be prepared. Know what type of debt can be negotiated first. Your credit cards, medical bills, and other unsecured loans are eligible for negotiation. Get this debt together, and decide on an amount you are able to pay back. If you know what you owe and what you are able to pay, you will not be desperate to take the first amount offered. (And, believe me, you never want to take the first offer.) Continue reading
Eliminating Your Credit Card Debt
Let’s face it. The phrase “eliminating your credit card debt” is merely a case of semantics. Any website that says it can eliminate your debt or can make it disappear in minutes is lying, and you could get in legal trouble (or more debt) if you get services from these companies. The only surefire way to immediately eliminate your debt is to pay off the balance. If you can do that, then you don’t need any more paragraphs. However, it’s highly likely you can’t pay it all off in one lump sum. There are a few different actions you can take to gradually eliminate your credit card debt. Continue reading
Negotiating Your Credit Card Debt
Negotiating your credit card debt is not as simple as saying, “I want to negotiate my credit card debt.” It’s a good start, but it takes much more work and probably a few phone calls to straighten out your situation. You need to know who you’re talking to, when you’re doing it, and a written statement when it’s all said and done. Continue reading
What does amortization mean?
If you’ve taken out a large loan, chances are you won’t be able to pay it all back in one lump-sum. This is true for most people with a student loan, and this is also true for about 99.9% of people with a mortgage loan. Therefore, you will be paying back the loan on a schedule. Continue reading
Loans for the unemployed
You might think that you can’t get a loan if you are unemployed. This is not the case. Like any loan, there is risk involved, but it is possible for you to receive a loan if you are between jobs. Continue reading
Debt relief companies offer differing strategies
If you are in debt, you are not alone. Getting relief from debt is one of the top challenges people face today. A debt relief company is a business that can help you get rid of your debts using various types of debt elimination strategies. Continue reading
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