There are many bankruptcy myths that you need to clarify before going through the process. You might be filing for bankruptcy governed by one or more such myths and it will be too late when discover reality after you complete the process. One of the most popular bankruptcy myths is that you can start with [...]
When you are indebted beyond your means you will desperately seek the best possible credit debt solution. However, this is not only one! There are at least three that come to my mind right now, and I hope you will find them helpful: 1. Live frugally. Hard measures in hard times. As soon as you [...]
Debt consolidation is a last resort for some, and the best saving route for others. What does it mean to you? Debt consolidation is read by the credit bureaus as a negative; the fact that you need to consolidate your debts in order to repay them, means that you have not planned your finances well, [...]
You will understand the importance of the Fair Debt Collection Practices Act only when you are plagued by debts. When you are weighed down by debts you will suddenly find that the whole world has turned hostile. Many creditors, in their desperation to recover their money, will employ a third party collection agencies. Others revert [...]
When you are indebted beyond your means you will desperately seek the best possible credit debt solution. However, this is not only one! There are at least three that come to my mind right now, and I hope you will find them helpful: 1. Live frugally. Hard measures in hard times. As soon as you [...]
Do not wait until you are totally drowning in debt before you take corrective measures against financial crisis. Learn to read and recognize the early warning signals that point to unmanageable debts and take action in a timely manner. Use a credit consultant for this purpose if you are not sure about how to proceed, [...]
People are divided on debt consolidation as there are two opinions on this aspect. Some say that since this decreases the credit score, it’s not a good idea. It’s true that the credit bureaus, as well as the creditors, consider debt consolidation a sign of financial inconsistency. However, debt counseling bears no significance upon your [...]
The Fair Debt Collecting Practices Act is especially designed to protect you, the indebted, from being harassed by creditors and/or collection agencies. While it’s important that you pay money you have borrowed, in the event you are unable to pay, you will find protection against intimidating action of creditors and debt collectors under this Act. [...]
Most people resort to debt negotiation only when they’re faced with financial problems. The wise person will keep negotiating until he gets the best out of the deal. Just think – even a difference in interest rate of just 0.5% can turn out to be thousands of dollars when you pay over long periods. You [...]
People are often divided on debt settlement. Is it a good thing to do? Or is it something that will precipitate a bad credit score? The answer depends on the circumstances of the person seeking debt settlement. If the person’s first concern is to raise the credit score, then debt settlement is not the right [...]
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