Some homeowners opt to re-finance to consolidate their existing debts. With this type of option, the homeowner can consolidate higher interest debts such as credit card debts under a lower interest home loan. The interest rates associated with home loans are traditionally lower than the rates associated with credit cards by a considerable amount. Deciding whether or not to re-finance for the purpose of debt consolidation can be a rather tricky...more
Ever find yourself waking up in the middle of the night worrying about your debts, thoughts about credit card bills running through your head? It is a common problem faced by many people in debt, no matter how much you try and ignore it you will find that it creeps up when you least expect it. Instead of letting yourself get swamped in debt it is easier to face it head on, obviously the majority of us can't simply pay the costs and walk away so...more
Debt Settlement Protection Act - Your Debt Doesn't Settle, You Don't Pay If you think that you will not be able to find a legitimate debt relief firm and you will get cheated, there is a reason to think so. The sudden boost in the demand for debt settlement led to the growth of some shady firms in the industry which started cheating the consumers. These firms came up with fake but truly attractive promises which helped them to attract the consumers. They said to the consumers that the debts will be eliminated easily and that the consumers will get out of financial troubles in months time. This was enough to fool the consumers. The consumers trusted them and when these firms asked for service fee in advance claiming that the money will be required for the expenditures involved in the negotiation process, the consumers paid without a question.Once these firms received the money, they never even tried to negotiate with the creditors because they never had any such intention to do so. After a few months passed by, they called up the consumers and said, "Sir/Madam, we tried hard to negotiate but the creditors are not ready to go for settlement. They want their money...more
Dealing with debt collectors is one thing the preponderance of people does not think is a standard part of their personal finance knowledge. Or how to deal with any other interactions you may come across in your financial business. It is vital you understand the attitude of the debt collectors you are dealing with. They have 'procured' your debt...more
Conventionally the Moms controlled the family budget planning. When you start your own budgeting, try copying the way your Mom controlled her personal finance budget. I assume she did handle the family budget; it is the most typical arrangement. So, how did she do it? Could you emulate her? Or can you adjust her method to your own special...more
An economic crisis is the time to be conservative, right? Warren Buffett, the celebrated investment expert, has said you should be conservative when others are being reckless and you should be enthusiastic when others are being conservative.In such a scenario, when people are just trying to stay ahead of the race and when they are simply praying that their credit card issuers should not make a big fuss of the reduced payments, you should boldly walk in to your credit card issuer's office and talk of debt relief.Why on earth would a credit card issuer or unsecured lenders even talk of relief from debts? Well, when the going is good, credit card issuers will not listen to you because they are earning lots of profits and they see no reason why they should suffer a loss.When the recession is in progress, credit card issuers will not talk of debt relief because they are suffering huge losses. This seems to be like a rule that has been framed by the credit card issuers themselves. They just want to take advantage of the guilt that borrowers have to avoid providing any discount.The funny thing is that debt settlement service providers have seen credit card issuers and other unsecured...more
Debt CounselingSome people cannot seem to get out of debt. As soon as they paid off one debt, they incurred another one. It is a vicious cycle and for some its an addiction. It is very easy to get into debt but extremely hard to get out of. Debt...more
Obama Administration is All Set to Pay Off Your Debt Still worried about paying your debt? Here is the solution. The government has planned and launched several ways of grants to help you, to get relived from debts. The amount of debt c can be...more
Obama's Stimulus Package - Free Your Debt From Free Govt. Money Many of you might be stressed on how to remove your debt which is so much that it seems impossible for you to pay off and home equity loans or personal loans won't help you...more
Daytime TV is the worst culprit for giving people the idea that debt consolidation and trouble free finances are only a phone call away, but things aren't as simple as that. Becoming debt free requires work and it isn't something that will happen...more
In earlier years it was a big problem to spot the best place to purchase car parts, but now you have an ultimate solution for your problem. You will be no more in any kind of inconvenience, for now you will be getting all the new and used parts in...more
The monthly bills can be really overwhelming when you are going through a difficult financial period. A common solution to reduce the monthly obligations would be to consolidate debt, yet, this could be really challenging. In order to cover the...more