A debt agreement is just that: an agreement between you and your creditors to pay back your debt. A debt agreement sounds just like a debt settlement, and you’re not wrong in thinking that. While the final result of a settlement is most often a lump-sum payment, a debt agreement allows you the option of a monthly payment plan. In both situations, the amount of debt you have to pay should be lower than the original amount of debt. Continue reading
Debt
Chase Increases Minimum Payments to $25 or Greater
Chase started a firestorm in 2008 when it increased the minimum payments on some accounts from 2% of the balance to 5%. This time the change should be much less noticeable, since it only substantially affects cardholders with smaller balances. Continue reading
Considering Bill Consolidation and its Costs
When you are frustrated and mired in debt, any agreement that seems to offer the chance to alleviate your situation can appear attractive. Bill consolidation is one of many options that are available to those facing dire straits. While it may be worth contemplating depending upon your financial situation, it is also a means of debt resolution which is used by numerous predatory companies that target vulnerable individuals and play upon confusion and reluctance to be heavily involved in one’s own finances. Before making a decision about whether to pursue bill consolidation, you should be conscious of the consequences of becoming involved in such programs, and how to avoid dangerous traps. Continue reading
New Jersey debt consolidation: contender or pretender?
Earlier this month, I wrote about a website for Delaware Debt Consolidation. The site was pretty much geared toward getting your personal information and your money, and it listed no accreditation or names of employees. This time, I’m writing about websites promoting debt consolidation in New Jersey. I found two for this topic, including one that looks exactly like the site for Delaware. Continue reading
What is a Slow Pay?
A “slow pay” is exactly what its name suggests it is: a bill you paid too slowly, that is, a payment the creditor received later than the due date. A slow pay can happen with credit cards bills, mortgage payments, or even goods and services which require payments made over time (such as website hosting companies). If your bill is paid less than 30 days late, only the company you paid money to can view that information. Continue reading
Business debt management when the cards are in your name
Just like everyday people can accumulate major debt, businesses can also get in the red. And just like regular people, business owners can also seek the help of debt management. You can either do it yourself or look for a reputable credit counselor. Continue reading
A Review of DelawareDebtConsolidation.com
For most of the companies I have researched so far, there are usually multiple articles written by other people who are critiquing the service from an objective point or view or are writing about if the service helped or hurt them. Just going directly to the company’s website and getting all the information there would clearly be biased because the company is selling a product and wants to play up the positives, while downplaying the possible drawbacks. This article is about Delaware Debt Consolidation and Credit Counseling Services (delawaredebtconsolidation.com). I couldn’t find anyone evaluating the company’s services, so everything I say about it comes from its website. Continue reading
Reviewing Curadebt
There are few reputable debt relief companies out there. With companies doing business online and offering immense savings, it’s not cynical to think that someone out there is getting swindled. That’s why it helps to do a little research before confiding in the services of an online company. Continue reading
Calling a debt helpline
You know, there are so many different ways to fix your debt problems. Whether you do it in person, online, or over the phone, you need to find the way that makes you feel most comfortable. If you are good with talking your way through problems while not seeing the other party in person, you might want to call a debt helpline. Continue reading
Non-profit bill consolidation is cheaper
The number of companies out there that can help you with your financial troubles is endless. If you have multiple accounts with balances and you’re looking for a consolidation, you need to pick the right company. While companies value you as customers and want to help you with your problem, many of them are doing it for a profit. If you really want to save some money and prevent the debt cycle from recurring, you might want to check out a non-profit organization for your bill consolidation. Continue reading
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