If you are thinking about working with any debt settlement services, it is very important that you do your homework and find out what exactly you are getting yourself into. Credit card debt negotiation is usually a bad option for dealing with your debt, and you also run the risk of falling victim to debt settlement scams. Continue reading
Debt
What is an account reage?
Re-aging is the process of rolling back your credit card. If something comes up and you happen to miss a few payments, you can ask your creditor to re-age your account. If they agree, it will be just like it was before you missed the payments – no more late fees or missed payments. You will still owe them just as much as you did before you re-aged it – the missed payments aren’t just wiped out – but their effect on your delinquency is. Continue reading
Kramer, Meggison & Taylor LLC Replaces Defunct Mann Bracken
According to a statement from newly formed collection agency Kramer, Meggison & Taylor LLC, the firm has “no association with Mann Bracken, and just, several lawyers who worked together in the past formed a new firm to resurrect their careers.” I also heard from another source that bacon is now good for you. Continue reading
Debt Negotiation Service Can be a Dubious Option
Debt negotiation is perhaps the first option that people should try when facing an unmanageable amount of debt. It offers the ability to reduce or eliminate your debt while not having to deal with the long-term effects of a bankruptcy. Debt negotiation services may not always act in your best interest, though, so it is wise that you know about the process and can find a trustworthy company to help you. Continue reading
Debt Consolidation Claims Too Good to Be True?
Turn on a radio station or daytime TV, and you can hear the catchphrases: “Low monthly payment!” “Settle your debt!” “Free consultation!” Continue reading
How do Debt Consolidation Services Work?
When deep in debt, it can be tempting to turn to other organizations for help. Debt consolidation services are companies that will consolidate and potentially reduce your debt for a fee. These services are not for everyone, so it is important to know what they have to offer for you. Continue reading
What is an over the limit fee?
An over the limit fee is a fee that you will be charged if you exceed your limit on your credit card or bank account1. You should be aware of this particular fee, because it is known to get many consumers into trouble. The reason why, is that these fees can creep up on you without your knowledge. Your bank or credit card issuer may let you overspend without telling you that you have exceeded your limit1. They accomplish this, often times credit card companies approve your purchases for the sake of “convenience”1. Once the purchase is approved you are slammed with a huge fee, sometimes reaching “$39 at several major banks”, for every purchase made over your limit1. If you do the math, it is clear, that these fees can do some damage to your budget. Luckily, there are some strategies you can use as a consumer to avoid these debilitating fees. 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
What is the credit limit?
A Credit Limit, as defined by investorwords.com, is “the maximum amount of credit that a bank or other lender will extend to a customer, or the maximum that a credit card company will allow a card holder to borrow on a single card”1. Continue reading
Number of Bank or National Revolving Accounts with Balances
If you have ever been told that you have too many bank or national revolving accounts with balances, then you might be predisposed to future delinquencies. While your current lenders may not like the higher risk, you can bank on new lenders to deny your credit application. Continue reading
powered by PFN Design Studios