subject: Debt Relief Help - How To Consolidate And Then Eliminate Credit Card Debts By 60% [print this page] It is extremely important that all of is should have complete control over our finances be it income or expenditure. We should be able to match up our expenses to each dollar earned. This will help to consolidate budget and find out areas of over expenses and take control of our financial need.
Many of us avoid leading our life on this thumb rule of life. We tend to endlessly indulge ourselves in credit card usage which piles endless debt which becomes hard to handle. Before taking help from any outsider for debt elimination the customer needs to take control of his budget and finance on his own.
Some basics of keeping a tight eye on the credit budget.
1. Pay the bills on time to avoid late fine fee.
2. Avoid piling on of the interest charges.
3. Reduce the usage of the credit card.
4. Develop an emergency fund to keep off from taking cash withdrawal on the card.
To deal with immediate relief from the debt situation the following step can be taken.
1. Shop and find out about a good debt consultant to help getting out of this situation.
2. The consultant will listen to the customer and give feedback and suggestions which will be tailor made according to his situation.
Major Debt Relief programs are
a. Debt Consolidation
b. Debt Settlement
3. The consultant will like to know the amount of loan he has with each bank and the kind of agreement he is under with each one of them.
4. The consultant will go ahead and negotiate with the different creditors and try to bring down the over all debt bill by at least 60% by asking the creditors to forgo the late fee charges and the interest charges. In many cases the accounts are reaged and made current.
5. All payments to different creditors are combined together into one single payment and the payments are rest handled by the consolidation company.
6. In a fixed period the customer is completely out of debt and has a good credit rating with the agencies.
Debt programs needs to be consulted by financially ailing customers to come into a healthy state of finance.
If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt.
FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link:
