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Debt Consolidation. Just lump it all together!
In a world where people use credit as much as they drink water, it is no surprise that so many people need debt consolidation loans. Debt consolidation loans sound like a good way of getting your debt cleaned up, but are they? If you need help...
Debt Elimination 1
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How to NOT to Go Into Big Debt While Building Your Online Business!
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Master the art of Debt management
In making any purchase, you want that the item purchased must
have a long term utility. However, while selecting the debt
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Reducing Debt Through Lower Interest Loans
It happens to the majority of us, credit card debt accumulates and before we quite realize it, we are carrying a debt load that is far beyond our means. When this happens, we need to take immediate positive steps to knock down the debt as quickly...
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Are You Buried in Debt?
Are you having a problem paying your bills? Are you receiving past due notices from creditors? Are most of your accounts being turned over to debt collectors? Are you worried that you might lose your home or your car?
Well, you are not alone. Many people do face a financial crises at some time in their life. The crisis can be caused by personal or family illness, losing your job or just simply overspending. It can seem overwhelming, but you can overcome this crises. Your financial situation doesn't have to go from bad to worse.
If you know somebody that is in this kind of financial situation, then you can consider these options: budgeting realistically, credit counseling from a reputable counseling organization, debt consolidation, or possibly bankruptcy. How will you know which one will work best for you? It really depends on how much debt you have and your level of discipline.
If you're out of work, how are you going to deal with your creditors?
Let's face it, you see in the headlines all the time about jobs cuts, layoffs, corporate restructuring and businesses going out of business.
If you have recently lost your job, you may be wondering how am I going to make ends meet. Money obviously is a source of stress and frustration for many people.
If you find that you cannot pay your bills on time, you should contact your creditors immediately so you can try and work out a payment plan that reduces your monthly payments. Then you can manage your money better. What you don't want to do is wait until your accounts
have been turned over to debt collection. When it is turned over to debt collection, your creditors are basically saying that they have given up on you
Nonpayment or late payments can adversely affect your credit rating and your ability to get credit in the future. Although creditors usually will consider a number factors in deciding whether or not to grant you credit, most creditors do rely heavily on your credit history. It's important to make sure your credit report is accurate. You are entitled to one free credit report each year. If you are having problems paying your bills, you definitely need to check your credit rating at least once a year even if you have arranged a more manageable monthly payment.
If you just had too many nonpayment or late payments, your credit rating will be affected adversely. If you want to buy a home in the future, even if you paid off all your debts, your credit rating may be poor and you may not be able to buy that house.
So please make sure you contact your creditors immediately if you're having problems paying your bills!
To find out more about your free credit report, please go to http://www.annualcreditreport.com
About the Author
Copyright 2005
Fern Kuhn, RN
Specializing in Diabetes
http://www.debtconsolidationconnection.info
http://www.diabetestestingcenter.com
You may reprint this article as long as you keep the links active
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| Advertisements Promising Debt Relief May Be Offering Bankruptcy |
| Cautions consumers about ads in newspaper, magazine and telephone directories that offer quick fixes for debt problems. |
| www.ftc.gov |
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| Welcome to Debt Relief International |
| Welcome to the web site of Debt Relief International. |
| www.dri.org.uk |
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| www.imf.org |
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| Special report: debt relief | Special reports | Guardian Unlimited |
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| bankruptcy.findlaw.com |
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| en.wikipedia.org |
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| Debt Analyzer, Debt Reduction Software, Home Page |
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| What debt relief means for Africa | csmonitor.com |
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