Our country has stringent debt collection laws that are enforced by the Federal Trade Commission (FTC) through a federal act known as the Fair Debt Collection Practices Act (FDCPA). The FDCPA has guidelines for fair debt collection practices. However, third party collectors resort to unethical and illegal methods that lead to harassment. Debt Collector Harassment in any form is punishable. No debt collection agency aspires to enter the radar ...more
Sometimes known as debt negotiations, a debt settlement basically means getting your creditors to agree to reduce your debt amount by up to 60% and you will usually be expected to make the final payment in one lump sum. Negotiations between the creditor and the debtor are integral into making a settlement. It is also sometimes known as debt reduction. A debtor can decide whether to negotiate with the creditor on his own or to hire a third party...more
If you’re being crushed by the weight of too many debts and you’re desperate to get out from underneath, debt settlement may be the right option for you. A good debt settlement company can help you lower the overall balance on you debts, potentially even combining multiple debts into a single monthly payment that is lower than all you existing payments combined. Debt settlement is a legal process used by both people in debt and their creditors to negotiate a settlement of an existing legal debt. This proactive approach can be the most cost-effective option to pay off your current debt while avoiding the negative effects of bankruptcy. Any person owing credit card debt, or any other debt, has the legal right to contact and negotiate with the creditors. The role of the debt settlement company is simple. They enter in to negotiations with the lender on your behalf and they talk about different possibilities to give you a debt relief. Generally the company tries to get the outstanding amount waived of. You will only have to pay the monthly installments. When looking into getting a debt settlement, it's...more
So you decided to get smart and purchase a duvet cover for your bed. The only problem is that you can't figure out what brand of bedding to buy. With so many duvet covers out in the market today, choosing the right one can be pretty tough. You don't want to buy a "luxury" set and end up with one that is poor in quality and high in...more
Sanitation and hygiene plays a very important role in the maintenance of the health of the members at home not just for a shorter duration, but also for lifetime. There are certain repairs for which there should not be any sort of compromise or delays as due to these, there can be severe problems related to the same. With this, the cost that you...more
In 2010, the UK personal debt stands at more than amount the UK produces in a year, and so finding a solution for personal debts is crucial. Recently there has been a rise in IVAs, or Individual Voluntary Agreements, and whereas before this type of insolvency was aimed at businesses, they're now popular with individuals owing 15,000 or more in un-secured credit.This year has not only seen the rise of IVAs, but also the decline of bankruptcy, revealing that Individual Voluntary Agreements are more popular amongst those wishing to become debt-free than ever before. Simply, an IVA is a legal agreement made between the debtor and an insolvency service practitioner, and the debtor agrees to pay off a reduced debt amount in monthly repayments.IVAs are ideal for those who are in employment and want to pay-off unsecured credit debts. As an IVA offers the amount of debt owed to be reduced by up to 75%, the debtor is able to carry on paying for bills, mortgage, food etc, without the threat of creditors knocking on the door.All contact between the debtor and creditor is lost once an IVA is set up, with the insolvency service practitioner the only one who is left to communicate with the...more
Different kinds of debt situations need different kinds of debt help. What works for someone else might not work well for you. Every debt issue is unique and needs to be addressed from different angles in order to find the right solution. Finding the...more
Being financially free is the dream of almost every individual in the US. By living your life free of debts and the only person you owe money to is yourself, you will be considered financially free. But, as you may well know, many Americans have to...more
Debt settlement may be the cheapest and fastest way to clear your debts. Getting your creditors to reduce your principal amount by at least half and paying them all in at one go does sound like an ideal solution. But if you are thinking of doing all...more
Silk scarves with 100% organically dyed colours will be an eye-catching piece for any clothes attire. Scarves will be a magnificent assisting component for your clothes. For example, your special characteristics will be revealed by holding your long...more
Debt settlement is the practice of allowing a consumer to pay a portion of a debt, usually less than 50 percent of the total. The debt company then reports the debt as a zero balance. The money you save through a debt settlement is considered taxable...more
It is nearly impossible for the average individual to go through life without accruing some type of debt. Most people do not have a problem with making their monthly payments on their obligations until either sickness strikes or a member of the...more