by admin on October 30, 2009
Credit means money loaned to the consumer either by secured or unsecured method. Secured lending is the mortgage on your personal residence or your car while unsecured lending is the consumer’s credit cards. The lender’s who issue credit cards establish an initial credit limit to the consumer. Use your credit cards responsibly. A good credit [...]
by admin on October 27, 2009
The question of the day is? “How am I going to continue making my monthly minimum payments?” I have lost my job, had my salary reduced, got divorced, or had a medical emergency. Because of one of these financial hardships, I am barely able to maintain my monthly mortgage and car payments along my other [...]
by admin on October 22, 2009
In the beginning, the consumer used the card judiciously and paid off the balance in full monthly. However over time, the consumer started paying only the monthly minimum payment along with a little bit toward the principal balance. From time to time because the economic climate was on the up swing, the consumer had equity [...]
by admin on October 20, 2009
Today consumers are overwhelmed with credit card debt. The reason why consumers are seeking some type of debt relief is because they have incurred a recent financial hardship. This hardship has taken the form of either losing their job, reduced hours, divorce, death or a medical emergency. The majority of consumers want to pay off [...]
by admin on September 28, 2009
In today’s society, the consumer is asking themselves the following questions: • I’m I ready to face the hard decisions about a solution? • Is there are way off this financial treadmill? • How do I get rid of the emotional baggage I’m carrying because of my debt? As a consumer, you can’t feel like [...]
by admin on August 31, 2009
As a consumer, you owe it to yourself and your family to get out of debt. This can be accomplished through a variety of plans and programs. However, every consumer needs to explore their options before selecting a plan or program. Here is a list of ways to get out of debt: • Debt Consolidation [...]
by admin on August 26, 2009
A historical look at a debt settlement program is nothing new for the consumer or for the lenders in regard to unsecured debt. Some type of settlement practice has been in place for over 100 years. The plan may not have been called debt settlement it might have been know as debt relief or debt [...]
by admin on July 28, 2009
I recently read some grossly off the mark articles in ezinearticles.com and about.com on the topic of debt settlement also known as debt negotiation. Several of these articles suggested that debt negotiation is a bad thing. The point of these respective articles was that most debt negotiation programs do more harm than good and could [...]
I’m a Christian and I have fallen behind on my bills. It is bad enough that I am getting calls and letters from my creditors at the house. Can a creditor make calls to my work if I am behind on paying my bills? The truth of the matter is that creditor does have the [...]
If you are being sued by a creditor, you need to know what to do. The day finally came that you hoped never would. You receive a summons to appear in court for old credit card debt that went unpaid years ago. Perhaps you forgot about it, or you hoped that it would just go [...]