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The Definition of Debt Consolidation Loans

Author: Cole

There should be nothing simpler to explain than a debt consolidation loan. It is, just as you would imagine, a loan that consolidates debts. However, there are a number of different ways such a loan would be taken out. Many people attempt to themselves compile all of their various obligations into one single loan that pays back all of their creditors (well, all but one, obviously) while lowering the overall payment and interest rates. This is commonly does as a form of mortgage or equity loan. There are also Consumer Credit Counseling and debt settlement programs that involve an external firm negotiating for a reduction of rates or debts in exchange for a fixed a payment plan.

Also, more confusion arises over what precisely sort of debts could be successfully consolidated. While all specific questions can best be answered by professionals working within the debt consolidation industry, the consolidation program generally works best with unsecured notes like credit cards, credit lines, medical bills, and revolving credit accounts from retail stores. Since secured debts like cars or homes could be legally taken away by their lenders, they don’t tend to be included. Also, tax liens or criminal liabilities – since they can’t ever disappear from bankruptcy proceedings – aren’t typically to be the subject of consolidation, and monthly utilities such as water and electricity are only looked at for purposes of designing the debtor’s budget.

It’s still best to talk face to face with a professional in the industry before deciding whether or not debt consolidation would be the right solution for your family’s predicament. Every debt scenario is different, after all, and the rules change from state to state. If you have amassed consumer debt in excess of one quarter of the household’s annual gross income, it probably wouldn’t be a bad idea to go in for a free consultation at a debt consolidation office and find out the truth about your own situation. Debt consolidation won’t work for everybody, but a successful strategy for the elimination of debt would be beneficial for most Americans to investigate.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/the-definition-of-debt-consolidation-loans-526091.html

About the Author

My name is Cole I am a professional in the financial fields of bankruptcy and debt settlement. For immediate debt relief visit www.totaldebtrelief.net

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Eliminate credit card debt fast – Help I am drowning in debt what can I do

Author: Alice Johnson

Financial circumstances change all the time. Your income goes up or down. Your debt decreases or increases. Income and debt are not constants but in this recession a lot of people feel like they are drowing in credit card debt and need help to eliminate credit card debt fast.

It’s not a problem if debt increases or decreases if you get a better job or get a raise and are earning MORE money. But it’s a disaster if your debt rises or even stays the same when you lose a job or have your hours cut and are bringing home LESS money.

If you find yourself in the position of owing more money per month than you bring home each month you need to take steps to “fix” the problem or you will drown in debt.

Here’s three steps that will help prevent drowning in debt and to eliminate credit card debt fast.

#1  Add up your regular monthly expenses and find ways to cut back; don’t eat out…eat at home and eat hamburger rather than one of those big juicy steaks, take the bus or get into a carpool, combine errands, wash your own car, cut your own grass.

#2 Cut your credit cards into tiny pieces and throw the pieces away! Use good old cash to pay for all of your regular expenses (rent/mortgage, food, fuel, etc.). If you do not have the cash you need to get urgent professional help to eliminate credit card debt fast.

#3 If, after you’ve taken all of the cost cutting measures you can take and have quit using your credit cards, you find that your financial obligations still exceeds your income, consider getting help from debt settlement..

This can lower the total of your monthly payments and can prevent drowning in debt and  help to keep you on solid financial ground in the future. Click here to get help now and get out of debt for good.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/eliminate-credit-card-debt-fast-help-i-am-drowning-in-debt-what-can-i-do-3349315.html

About the Author

Here is the #1 resource for eliminating credit card debt fast just click here to get out of debt now

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Free Debt Grants With Federal Government Assistance

Author: Austin Warty

The available federal funding in the form of debt grants is a little known secret to most Americans. This money is available not just for low-income families, but for single mothers, people who were duped into buying too big a home, those who lost their jobs, and even those who have jobs but their expenses exceed their income.

Debt relief grants help people get the financial aid they need without filing for personal bankruptcy or destroying their credit. The typical American who is deep in debt will do one of several things:

1. Allow the debt to go in to default, which means fighting with collections
2. Visiting a debt counselor, who will advise on how to consolidate and re-negotiate debts
3. File for personal bankruptcy

The problem with these three scenarios is that none of them are good options. Dealing with debt collectors is one of the worst experiences people can face. These people are ruthless, they threaten you, and harass you at work. In addition, allowing your debts to simply go into default status will destroy your credit, which could take a minimum of 7 years to repair.

Debt counselors, while they can do great things, will also ruin your credit. While re-negotiating and consolidating your debt won’t impact your credit score directly, it will have an impact on your lenders willing to do business with you in the future. When you use professional help to get out of paying their bills, those creditors lose money, and they are not happy about it. As a result, they will put a note on your credit report that you used professional help to avoid paying your bills, and you will have a tough time finding anyone to lend you money in the future.

For those without any options, filing for personal bankruptcy is a last resort – worst case scenario. It can take up to 10 years to repair the damages that personal bankruptcy will cause, but it can wipe the slate clean.

Interestingly, none of these options are good for the lenders and creditors, and they have profound negative effects on the economy. That is why the government and other private institutions are willing to help by providing free grant money to help you get out of debt.

If you qualify, this is money that is provided to you to help you get back on your feet and avoid all of these horrible consequences from the options above. There are agencies willing to help, but you need to ask for the money. As a result, you could receive federal financial assistance to help you become debt-free just by asking for free grant money.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/free-debt-grants-with-federal-government-assistance-718933.html

About the Author

See if you qualify to claim some of these debt grants and get the cash you need today. Get a check in as little as 7 days just by asking for free grant money…

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Manifest Debt Reduction With a Vision Board Video

Author: Darlene Siddons

There are programs and companies that deal specifically with debt counseling and debt consolidation services, and basically what this does is consolidate all unsecured loan into an inexpensive loan with cheaper interest rates and/or grouping them all together and you make one monthly payment and they divide it up among your creditors.

They are actually a third party getting control over of your bad financial situation by taking and making your financial decisions on your behalf so that you don’t have to deal with the stress of bargaining lower interest rates, lower payment amounts and so forth.

A debt consolidation agency is the best place to look for a professional and a qualified credit counselor to walk you through your rights to settle the existing debts and find out all the legal options relevant to your exclusive situation of financial turmoil. They also need to be able to explain all of this to you so you can understand it and be able to make the correct decisions.

 Not all types of credit can be handled by debt consolidation agencies or credit counselors, so be sure when calling for information to ask if your type of credit accounts can be settled through them. These are some of the types of debt that can be settled through such a process; credit cards, medical bills, store cards, utility bills and any kind of personal loan.

When you are facing debt reduction and are thinking about taking action to work with a credit counselor another situation you should proceed to get together is your budget, so you can tell them what your total outgo is and what your total income is. While you are doing this look at some of your possessions and see if you can cut back on any items that are considered luxury, like if you are driving a car with a huge payment, think about trading down to a car that is more affordable for you right now. Use a visualization tool to manifest abundance into your life; Vision Map Videos are perfect for this.

If you can eliminate any part of your debt it will be in your best interest, so this all depends on how willing you are to sacrifice and how willing you are to cut back until you can diminish your debt and regain your life without credit. So the best thing is to cut back where ever you can as this will get the debt paid back so much quicker.

The credit counselor will analyze and understand your credit situation, draw up a workable solution for you to get rid of your debts and then motivate you towards reaching your objective. Part of your motivation needs to come from you and any tools you can use to visualize your situation as positive and to create your life to be as stress free during this time the better the situation will be. Vision Map Videos are a tool to use to visualize your situation as positive and to be able to see things the way you want to see them, not the way they are today.

So get a good credit counselor and allow them to put you on a good debt management program and this will create a stress free life and help you to regain your confidence through a well planned consolidation plan.

The main thing is to get your debts settled, revive your financial situation and to avoid bankruptcy if you can. This will act as a relief to all your stress and anxiety that arises from having bad financial debts. Use all of the tools that are out there to stay in a positive attitude and know that you are not your debt, you are so much more.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/manifest-debt-reduction-with-a-vision-board-video-770582.html

About the Author

Darlene has researched and practiced many spiritual and personal growth paths and now is presenting Vision Map Videos to further enlighten and enrich the life of others thru visual perceptions. Receive her f.ree Inspiration For Daily Lives Newsletter. This is where you can see her most current Vision Map Video Spirited Boutique

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Ways to Find Licensed Counselors for Debt Relief Programs in Columbia

Author: hybridviki

Few year back people think that debt relief programs are not a feasible way. People were not interested in these debt relief programs. They were not enthusiastic to concern the debt merge consultants. This fear was all because of the availability of many income earning firms in the society. Such fake firms were only concerned in filling their own pockets but not in the betterment of people. The new Federal Credit Card Debt Settlement Laws have banned on charging advance fees from the customers and if any one charge advances then they get punishment.

Now days liability negotiation companies offer different services that help the customer and they negotiate their amount with creditors. Debt settlement services will provide consultation with all creditors to reduce loan balances. High interest rates with late fees and penalties are making it impossible to reduce credit card liability.. Debt settlement plan are very beneficial for the debtors who are financial week and not able to payback the amount.

Credit card debt negotiation is a good option for the people who are facing the problem of credit card liability. People who have lost their jobs are hardly nourishing themselves and their families. They won’t be able to pay credit card bills, although they might want to, because they simply don’t have the finance to pay. Such consumer debtors and are looking for a way out then learn how liability settlement process can help reduce liability.

Debt consolidation services are very beneficial for the debtors. They can offer a borrower consolidation lends to pay off their current high interest debt and reduce monthly payments. Debt consolidation industries in Columbia are not an over night solution. They can instantly reduce monthly expenses in some cases, but customers will still carry an outstanding debt that customers will need to work to pay off. The settlement company loan officer will also discuss their fees for their services rendered during the debt settlement program.  One monthly payment made to the settlement company will be much less than the many payments customers were struggling to pay each month to their creditors. The service fees will be included in their monthly payment that eliminates any up front settlement company charges.

The main goal of debt settlement companies to debt negotiation and reducing loan balances. They help their clients in wiping out too much liability through a considerably reduced repayment plan. This process works for wise individuals who choose to pay off their liability, but cannot afford the traditional means of repayment. Let the monetary experts negotiate with creditors and send on the way to financial success. By reducing lend debt, will gain the additional monthly income need to meet essential living expenses.

Whenever customers are not able to pay their liability then in this case they need professional agencies that will both protect customers from harassment and that will help customers see their way to a financial solution for their card bills. Organizations that can help consumers are known as credit card debt negotiation or settlement companies in Columbia. A debt negotiation industry works with the bill collectors, and negotiates both a final liability amount owed, and a reasonable liability repayment schedule. These companies offer plans that are very beneficial for the debtors.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/ways-to-find-licensed-counselors-for-debt-relief-programs-in-columbia-5388337.html

About the Author

Read more detailed information on licensed counselors for debt relief programs in Columbia with the help of this site. For more information please visit the site http://www.debtsettlementhopes.com/.

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

10 Factors that You Must Consider When Choosing a Debt Settlement Company

Author: Gregory DeVictor

Debt settlement allows you to settle your debts, making one low monthly payment, and to get out of debt in a shorter amount of time than by paying back your balances in full. Debt settlement has worked very well for thousands of people and businesses over the years. However, you must thoroughly research any company whose debt negotiation program you are considering. This article lists 10 factors that you must take into account when choosing a debt settlement firm.

1. How long has the company been in business? How much consumer and business debt does the company manage each year? How many individuals, families, and businesses does the company counsel each year?

2. Does the company make claims like, “You will only pay 20% of your debts” or “Calls and letters from creditors will automatically stop when you enroll in our program.” These are all false statements, and you will not hear them from a debt settlement company that is compliant with the Federal Trade Commission, an independent agency of the United States  government. FTC-compliant firms do not give you “candy coating” or avoid the truth. They give you honest facts.

3. Does the company have debt settlement letters and client testimonials on their website for you to review? It is difficult to gain trust in a company that doesn’t provide any of this critical information.

4. Are you assigned to an experienced financial counselor to ensure that your debt settlement process flows smoothly from start to finish?

5. Does the debt settlement company give you a free, no obligation debt analysis, which should include a debt settlement savings estimate. New FTC regulations prohibit debt settlement companies from charging upfront fees before they begin working with consumers and businesses.

6. Does the debt negotiation team have experience in making settlements or negotiating terms for financial issues such as credit cards, medical bills, unsecured loans, leases (equipment, office, restaurant, etc.), and bad contracts?

7. Is the debt settlement company a member of the Online Business Bureau, as well as the Better Business Bureau in the municipality where they do business? What are their ratings with the Online Business Bureau and their local BBB? What kind of complaints have been filed about their services?

8. Is the debt settlement firm an active member of TASC, (The Association of Settlement Companies). TASC requires that all of its members maintain a stringent set of standards in doing business with consumers and businesses.

9. Is the debt settlement company a member of Dun & Bradstreet, the world’s source authority for business insight? According to a leading debt settlement company: “Working with a debt settlement company that is listed with the D&B is important in order to make sure that you get quality service from a solid and reputable company.”

10. Is the debt settlement company an active member of IAPDA (the International Association of Professional Debt Arbitrators)? IAPDA provides training for individuals to become Certified Debt Specialists and Certified Credit Counseling Specialists, thus giving you the best possible service and the best possible savings in your debt settlement program.

This article has listed 10 factors that you must consider when choosing a debt settlement company. As stated above, debt settlement has worked very well for thousands of people and businesses over the years. However, you must thoroughly research any debt settlement company whose program you are considering.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/10-factors-that-you-must-consider-when-choosing-a-debt-settlement-company-5580948.html

About the Author

Gregory DeVictor is a professional writer who has been developing and marketing websites since 1999. As a debt settlement consultant, he has a knowledge of the inner workings of the debt negotiation process. Learn how to become debt free in in 2012 with the help of a trusted and FTC-compliant debt settlement company at: http://www.debt-relief-advice.com/debt_settlement_advice.htm

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Eliminate credit card debt legally – How to wipe out your debt fast

Author: Alice Johnson

A famous line that keeps on playing in my head, when something or someone sounds too good to be true, it probably is. If you think you can keep on spending on credit cards that is too good to be true. People found this out when the recession hit and millions of people have been looking for help to Eliminate credit card debt legally.

Take debt relief for one. In some cases, people or groups of people sugarcoat debt relief offers by programs that drastically cuts debt by half. The information that they will provide you are meant to draw you in so you would take the bait and sign up with them, which is when they can request for an upfront deposit which they “will use” as an insurance against your debts.

But beware, if they have not even sat down and consulted with you in the first place, there are just probably there for the money. No debt relief company will help you out before they know your financial situation to help you Eliminate credit card debt legally.

So what do you do to ensure you are dealing with a legit settlement company? Search and research. Check around for testimonies of people who can vouch for the company. Take notes of the procedure they use when dealing with you, the client.

The important thing is that while collaborating together for a solution of your financial woes, you must feel comfortable and be at ease spending time with them and giving them all your financial information.

Aside from trying to change your spending habits, try to instill discipline especially when it comes to money matters. You must learn how to think like a business manager (in a way) so that you can understand how to take stock of your money and manage it properly and  Eliminate credit card debt legally.

In cases when you have excessive debts to pay off, in excess of $10,000 debt settlement may be one of the few effective options open to you and you need to ensure you are getting the right help and when there is really no other avenue open to you the last thing you want to do is try filing for bankruptcy.

This should be a last resort, because doing so will greatly affect your credit ranking for years. The best thing to do is still to seek professional advice on how you can get credit card debt relief and get out of debt for good. Click here to get help now and Eliminate credit card debt legally.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/eliminate-credit-card-debt-legally-how-to-wipe-out-your-debt-fast-2991276.html

About the Author

Here is the #1 resource for eliminating credit card debt just click here to get out of debt now

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Eliminate Credit Card Debt Fast – Get Rid of your Debts For Good

Author: Alice Johnson

Getting relief from debt you have is one common problem for most people who live around us. To get rid of these debt problems they follow various methods which provide results in different ways. However, if you plan to use a debt relief program, then this will guide you to help find the best way to eliminate credit card debt fast.

However, if you really want to dump your credit card debt it is recommended to follow a real and reliable debt relief program without wasting your time with other methods that do not work. The reason is most other debt relief methods will not work acc and finally you will have to come back to these well reputed debt relief programs. Therefore, if you do interact with these programs at the initial stage, it will save you time and more importantly. money as well and you can get results in a shorter and more reasonable time period.

The best thing you could do is consult a debt relief network and find a suitable option according to your own requirements. If you do a comprehensive search there I am sure you will find a solution a debt relief company to help you and get you out of deep and stressful debt.

Instead of trying to deal with your creditors yourself you can use a professionals who know exactly what to do and say to get the best results. It is a fact that if you try to do this yourself your creditors will use strong arm tactics and try to put pressure on you to pay what you owe. Many people cave in under this sort of pressure and make financial mistakes that can put them into a deeper hole instead of finding the best way to eliminate credit card debt quick.

They will  relieve you from the financial trouble you currently have and to find the best way to eliminate credit card debt fast . If you are buried in debt you need to realise the longer you wait to get help the longer it will take to get rid of it and the more chance there is of your lenders taking action against you. If you do owe a lot of money and cannot deal with it get help now and get rid of it for good instead of just hoping something will turn up for you.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/eliminate-credit-card-debt-fast-get-rid-of-your-debts-for-good-4267212.html

About the Author

Here is the #1 resource to eliminate credit card debt fast just click here to get out of debt now

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Credit Card Debt Relief – Legitimate Options to Eliminate Credit Card Debt in 2010

Author: alvin stump

<img src=”http://www.disputedebts.com/articleImages/8.jpg” />

Credit card debt relief is a program introduced by the Federal Government to eliminate liability issues of the people. Credit card debt relief is found to be the legitimate ways of solving arrears issues.

The Government has taken action to solve the debit issues which is affecting the economy of the country. Credit card debt relief program introduced by the Government includes debit settle programs which is going to be best option to settle liability issues in the year 2010.

During the year 2009, many financial experts of the debt settlement companies were trying to bailout the debits of the borrowers. Due to non payment of credit card bills and loan amounts increased the rate of interest on the loan amount taken.This finally created a lot of burden to people in paying their high amount of dues. Hence, the Government came out with credit card debt relief option.

If a person owes unsecured debits, it creates a threat and the borrower tends to claim for bankruptcy. It is better to follow the credit card debt relief programs rather than claiming for bankruptcy which has negative impacts in future. Debt settlement deals are found to be a best option which can solve liability issues by reducing the debits and which eliminates the interest amount and reduces the burden of paying large amount of arrears.

If a person can settle debit issue legally by following procedures as per the Government, then it could be the best legitimate option which doesn’t cause any negative impacts. There is a chance to negotiate with the card company regarding the payment of loan amount where one can get discounts on the debits up to 50%.

To legally clear the debit issues, one can hire a financial expert to negotiate about the discounts that can be availed from the card company or creditor. These professionals from debit settlement companies have a good expertise in finance and law. If there are any difficulties involved while negotiating with the credit card companies, the financial experts know how to tackle such situations.

If a person owes too many debits or if he has unsecured debits, then it is wise to hire a financial expert from debit settlement company to negotiate for better discounts. These discounts offered by the card companies are compensated by the Government in the form of Stimulus money. Thus debit issues are solved smoothly by opting relief programs.

Debt settlement is clearly a better alternative than bankruptcy and due to the massive amounts of consumers in debt, creditors are agreeing to very generous debt settlement deals. To compare debt settlement companies it would be wise to visit a free debt relief network which will locate the best performing companies in your area for free.

<a href=’http://www.DebtReductionExpert.com,/’>Free Debt Advice</a>
contact us for free debt advice = 8884442820

Article Source: http://www.articlesbase.com/finance-articles/credit-card-debt-relief-legitimate-options-to-eliminate-credit-card-debt-in-2010-2275003.html

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DebtReductionExpert.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.


http://www.DebtReductionExpert.com

Changing people's lives everyday through debt settlement. An alternative to credit counselling, debt consolidation or bankruptcy. We negotiate a one-time settlement that is less than what you owe.
K & G Debt And Credit Professionals

Ways To Reduce Credit Card Debt

Author: Alice Shown

If a person continuously fails to pay his bills, he will incur a huge amount of credit card debt. Ignoring the bills and avoiding payments may also drive the person to declare himself bankrupt. According to a recent survey, the Federal Reserve has reported that the overall consumer borrowing in the US is down by $3.34 billion. As a result, there is an increase of $ 1.65 billion in the non-revolving credit side. This is because consumers are working hard to get their personal finances back to track and avoid going bankrupt. Bankruptcy is not a healthy practice as it hurts the credit score really hard! So, to escape from this financial mess, many people are taking refuge in the various debt relief options.

How to reduce credit card debts

The methods which help a person to reduce his credit card debt are as follows-

1.Consolidation: This method consolidates all multiple unpaid credit bills into a single new loan, at a lower interest rate. The loan term becomes longer and collateral, like car or home is required, for the security of the loan.

2.Counseling: One can opt for counseling to get financial advice by professional advisors. They help the borrower to prepare a budget, on the basis of his monthly income and expenses. They will also provide advice in choosing the best option to get rid of the financial obligations.

3.Settlement: In this program the settlement company will do negotiation with the creditors, on behalf of the borrower. They will try to reduce the outstanding debt amount by 40% to 60%. The borrower needs to make a monthly payment to the settlement company. When the amount will accumulate into a lump sum, it will be paid to the creditors.

4.Debt reduction: In this program, the credit counselor negotiates with creditors to reduce the outstanding balance. In this case the borrower needs a guarantor, who will agree to pay the creditor, in case the former fails to pay. This is also known as third-party debt negotiation.

5.Debt relief: In this program, the agency negotiates with the creditors. They will try to lower the interest rate and the debtor may have to close his credit account and cannot use any credit card of that particular company in the future.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/ways-to-reduce-credit-card-debt-3639039.html

About the Author

To know more about various credit card debt relief options, check out Superiordebtrelief.com. Their experienced counselor will help you in choosing the best option to give you a financially stable future.