When it comes to negotiating your credit card debt, you must first be willing to talk to your lenders over the phone. If you send them a letter saying you’d like to negotiate, they’re probably not going to read it. Even if it’s a persuasive statement explaining your financial situation in exhaustive detail and giving an explicit payment plan, your lenders will want to finalize everything over the phone. Be prepared to talk and consider these tips for negotiating your debt. Continue reading
Debt
Federal Crimes Investigation Unit and Other Fraudulent Debt Collectors
The Federal government does have entities that pursue financial crimes. They are known as the Federal Trade Commission, the Federal Bureau of Investigation and other official departments. Scammers are trying to cash in by claiming that the Federal Crimes Investigation Unit or the United Financial Crimes Division are special government agencies that are investigating you for an unpaid payday loan. In reality, this is another payday loan collection scam. Continue reading
3 Tips for Dealing with Debt Problems
We have all been there. At some time in our life we have had to borrow money from some sort of lender. Whether it be for a home, educational purposes, credit cards or cars, it is inevitable that we will run into debt and the problems that come with it. These problems are often linked to having too much debt. Some indicators of too much debt include: “having trouble paying bills on more than one occasion, receiving continuous notices from creditors, and having one’s accounts being turned over to debt collectors”1. These events are stressful, but it important to remember that you are not alone. Many Americans all over the country, especially in the current economic climate, are in the same situation as you. This article will provide some helpful tips to handle the problems you may face from the crippling problems that come with debt. These tips for dealing with debt problems are provided by the Federal Trade Commission and will help prevent debt and the problems associated with debt. Continue reading
What is a Debt Collection Judgment?
If you have a long-standing debt, such as failure to pay a credit card bill, eventually you may find yourself being threatened with legal action leading towards your debt going into judgment. This is a last resort option that gives companies the right to sue you for the amount that you owe, once the debt has gone to collection and they have made multiple attempts to collect it in other ways. The company’s attorney will send you a letter giving you a certain amount of time to repay the debt before you are summoned to court. Normally you will have about 30 days to respond. Continue reading
When to consider debt settlement
If insolvency appears imminent, you need to do something quick. Your last resort would be to declare bankruptcy because this will be a pock mark on your credit report for many years. One of the options you can choose is a debt reduction settlement, in which the total amount you owe is reduced. Time is a key factor in deciding if this is the right path for you. Continue reading
Credible Debt Relief Companies are Usually the Quietest
One good way to help reduce your debt is to acquire the help of a debt relief company. However, this can be a daunting task. There are many companies out there that charge excessive fees or do not do enough to help fix your debt. This article will help you determine how to pick out the right kind of debt relief company for you. Continue reading
Clear Debt Solutions as Clear as Mud
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
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
Consolidate Your Debt and Screw Your Finances! Call Now!
Given the way the economy has been for the last year, bankruptcies are clearly on the rise. If you’re swamped in debt, you are absolutely not alone. So when you see those ads promising you debt consolidation, you would of course be tempted to work with those companies? Continue reading
In Debt? Think Like Germany
THE HISTORY
NPR reported two weeks ago that Germany has paid off the last of its World War I debts. Continue reading
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