When dealing with a lot of debt, debt consolidation can be an excellent solution. It allows you to condense your various types of debt with a bigger loan, reducing the amount of interest and number of bills to be paid. However, in the current economic climate, finding lower interest rates can be a challenge, and the collateral some lenders require can make the loan not worth it. Continue reading
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Medical collection agencies take over unpaid doctor bills
Just like with any typical debt, a medical bill can change hands if not paid off in a certain period of time. If you are unable to pay a medical bill, the hospital has the right to send the bill to a medical collection agency. Usually after 120 days, a doctor will sell the unpaid debt to a collector, and from then on you will be dealing with the collection agency. Don’t think it’s all bad if this happens because dealing with a collection agency for your medical bill may benefit you. Continue reading
Medical Debt Consolidation Options Vary By Provider
For some, debt is not accrued because they were careless with their credit cards or other loans. For some, debt is accrued because they fell into bad health and accumulated medical bills that they are having trouble paying. When this is the case, medical debt consolidation could be the answer because it combined all of these separate payments into one individual monthly payment. Continue reading
Ask Your Credit Card Company to Lower Your Rate
Chances are, you have a credit card in your wallet right now. Maybe you use it for everyday purchases, or maybe you only use it when you have to spend a large amount of money and you don’t have the cash. It’s also highly possible that you’re paying more in interest than you care to or, more to the point, should be. You could look for another credit card. Or you can call your credit card company and ask for a lower rate. Continue reading
Beware of debt relief companies
In the modern marketplace it seems that everywhere you look there is one group or another offering no-risk routes to debt reduction. Self-labeled debt relief companies abound, offering multiple strategies “guaranteed” to reduce payments to creditors and to lower your overall debt. While some advocate consolidating your debt as the ideal method of addressing financial troubles, others encourage you to employ their services and pursue debt settlement. Others still may promise that their services will help you lower your interest rates and make it easier to pacify your creditors. Don’t be fooled; while forms of debt relief promoted by these companies may vary by name but in substance they all share one thing: unreliability. Continue reading
Annual Fees Add to Credit Card Costs
As you are well aware, credit cards have fees, or extra charges. Late fees are paid if a payment is late. Interest is a fee paid to use the money on the credit card. For most cards, there is even a fee just for having the card. Continue reading
Adversary proceeding may discharge student loan debt in bankruptcy
The reason that student loans are not discharged in bankruptcy is not because it is impossible. Bankruptcy lawyers normally opt not to include an adversary proceeding as a part of your bankruptcy, which would be necessary if you were to eliminate your student loans through bankruptcy. Continue reading
Thinking about getting a loan to pay off debt?
Getting a loan to reduce your debt seems like backward logic. Multiple credit cards or expensive student loans may have put you in the red in the first place, so making another promise to pay later won’t sit right with you. However, a loan may be a good option if you have a steady source of income. Debt consolidation or home equity loans both have risks, but they may lead to lower interest rates. A key factor in the success of preventing new debt with a loan is amortization. Continue reading
Best Debt Consolidation Program: Do-It-Yourself
When dealing with your own personal finances, the best debt consolidation program is always the do-it-yourself method. This does not mean that you cannot seek help from knowledgeable people in your community. The do-it-yourself method simply requires that you stay an active participant in the process of consolidating your debt. By remaining active in the debt consolidation program you will learn more about your own personal finances and ways to avoid the problems that lead you to search for the best debt consolidation programs. Continue reading
Debt Relief Center Does More than Just Debt Settlement
Debt Relief Center is a company designed to assist people with their debt-related problems. The mission of the Debt Relief Center “is to connect people nationwide to debt relief specialists in their area.” For individuals in serious debt problems who are ready to get and stay debt free, turning to a company such as Debt Relief Center is always a possible solution to their problems. Continue reading
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