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Loosening The Grip Of Student Loan Debt
Funding education can be complicated and difficult to manage. Learn how to control your education debt with these tips and guides.
At this time of year many are seeking ways to cut costs on student loans. You may have a number of programs your...
Pay off debt now: 5 steps to getting your finances in order
In our world of dizzying change, nothing is more true than the time honored statement that circumstances always change. No where is this more true than with financial issues. Have you ever borrowed money, or charged up the VISA card at Christmas,...
Simple Steps for Getting Out of Credit Card Debt
How to Get Out of Credit Card Debt
With the number of credit card offers that the average American
home receives every year, and the fact that the average American
is about $8000 in credit card debt, it is not difficult to see
how quickly...
Ten Ways to Get Out of Debt
1) Use your Assets If you have assets with some significant equity, such as a home or a car you may be able to use these to get control of your debt. For example, you could get a loan on your home sufficient to pay off your debts. You could be...
Why You Should Choose Debt Consolidation
If debt is currently an issue in your life, debt consolidation really can save you from the stress of bills, debt collectors, and the nagging thoughts of foreclosure or even bankruptcy. Debt consolidation can drastically change your life within...
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Consolidate A Credit Card To Reduce Your Debt
Strange though it may sound a credit card can be a useful tool
in controlling debt. The properly chosen credit card can, in
fact, be used to consolidate debt. There are several features to
look for though if you plan to use a credit card in this manner.
As is always the case before you scrutinize any credit card
option, you should first have a clear understanding of your
credit situation.
Whenever you are approaching a decision about your credit it is
of primary importance to pull your credit report. The government
has mandated that all individuals be allowed an annual free
credit report. When accessing this report make sure that you
have gone to a truly free credit report site. Some companies
lure people into their sites by advertising a free credit report
and then ask for credit card information. Free credit reports
are available from such sites but if you have supplied them with
credit card information you may find that your card will be
billed thirty days later for a credit report update. The charges
will continue ever thirty days or so after the initial billing
until you have cancelled the service. The best idea is not to
give out any billing information in order to receive your free
report.
Get a report from each of the three credit reporting agencies
(Experian, Trans Union and Equifax). When you ask for your
report the site will also offer to send a credit score (FICO
score) for a small additional fee; knowing your FICO is also
beneficial and generally worth the nominal cost. Again, read the
fine print and be careful not to set up any ongoing transactions.
After receiving the three reports analyze them carefully. You
are unique but your name may not be. Make sure all the credit
card bills are actually yours. Also check to make sure your
social security number is listed correctly. Social security
numbers are keyed in by hand and thus subject to error. One
digit misplaced can give you someone else's derogatory credit.
Report any errors to the agencies. Make the report to all three
agencies as they do not share information.
Now you have a list of all the revolving credit card debt
that
you owe, the balances and contact information. This is the money
owed that may be ripe to consolidate on one credit card. Contact
the creditors and find out what the current interest rate is on
each card and if there are any programs which would allow you to
reduce that rate
http://www.springfieldsocialist.com/category/finance-guides.
Let the companies know you are actively shopping for
alternatives to your current rates. Customers in good standing
with their credit card companies, customers with high FICO
scores and customers who regularly charge and make their
payments are valued by credit card companies. It may be that you
will be offered incentives to retain their cards. Also, inquire
about any balance transfer opportunities or other programs such
as frequent flier miles.
Now you are going to design your own program to consolidate
credit card debt. Compile a list of all the companies with
columns comparing the like features: Interest rates, penalties,
incentives, credit limits. When choosing which company to use to
consolidate your credit cards, look at all the features not just
the interest rates. Narrow down the options to two or three
cards. Speak with company representatives. It may be possible to
negotiate even better terms.
Once you have chosen an institution with which to consolidate
credit card debt, follow through and transfer as many of your
outstanding balances as possible to that one card. Adjust your
credit card behavior and be disciplined about your use of
credit. Cut up all the other cards. You may even wish to close
all accounts other than one for emergencies. Don't carry the two
remaining cards in your wallet. Remember, charge cards are nice
as long as you, not the card, are in charge.
About the author:
If you would like the latest credit card
debt secrets you may visit my debt consolidation blog which is updated mutliple times
daily!
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| 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 the web site of Debt Relief International. |
| www.dri.org.uk |
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| Debt relief steps, your free guide to debt help. |
| Articles on debt relief, and credit management and repair. |
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| Factsheet - Debt Relief Under the Heavily Indebted Poor Countries ... |
| The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and ... |
| www.imf.org |
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| Special report: debt relief | Special reports | Guardian Unlimited |
| February 6: A year ago the Guardian set out to track the west's promises of action for Africa on aid, trade, health and debt relief. As G8 finance ministers ... |
| www.guardian.co.uk |
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| Debt Relief Options - Findlaw for the Public - |
| Welcome to Debt Relief Options. This section contains information about the ... To begin, select one of the Debt Relief Options topics from the list below ... |
| bankruptcy.findlaw.com |
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| William Brewer |
| The Brewer Law Firm. William E. Brewer, Jr., Attorney at Law Board Certified Consumer Bankruptcy Specialist. 619 N. Person Street Raleigh, NC 27604 ... |
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| Debt Relief - InCharge Debt Solutions |
| There are many ways to get out of debt, for good, and it may be easier than you think. The first step is knowing your options, the second step is taking ... |
| www.incharge.org |
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| Economic Policy and Debt |
| May 2006, IMF And World Bank Support Cameroon’s Completion Point Under The Enhanced HIPC Initiative And The IMF Immediately Grants 100 Percent Debt Relief ... |
| www.worldbank.org |
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| Economic Policy and Debt - The Enhanced HIPC Initiative |
| The Initiative’s debt-burden thresholds were adjusted downward, which enabled a broader group of countries to qualify for larger volumes of debt relief. ... |
| www.worldbank.org |
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| Debt relief - Wikipedia, the free encyclopedia |
| Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ... |
| en.wikipedia.org |
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| Debt Analyzer, Debt Reduction Software, Home Page |
| Debt Elimination at its best! Potential savings of hundreds or thousands of dollars! Build debt reduction, timed elimination or consolidation schedules. |
| www.debtanalyzer.com |
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| Superior Debt Relief |
| We help you get rid of credit card debt much faster than you may believe possible with credit card debt settlement and negotiation tactics, providing debt ... |
| www.superiordebtrelief.com |
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| Debt Relief - Social and Economic Policy - Global Policy Forum |
| Aid Inflows, Debt Relief Yet to Translate into Reduced Poverty (March 20, 2006) ... Fearing that the IMF could tie debt relief to economic benchmarks, ... |
| www.globalpolicy.org |
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| Debt Relief - Global Policy Forum - Social and Economic Policy |
| Debt Relief - Global Policy Forum - Social and Economic Policy. The Debt Relief Page Has Been Moved to: ... |
| www.globalpolicy.org |
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| BBC NEWS | Business | Q&A: African debt relief |
| BBC News looks at the progress of international debt reduction efforts, and the sticking points which continue to hamper the process. |
| news.bbc.co.uk |
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| Debt Relief Australia - Start Reducing Debt Today! |
| Debt Relief offers Australians in debt assistance with finding the most appropriate debt relief solution. |
| www.debtrelief.com.au |
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| Debt Consolidation Australia, Debt Relief & Bankruptcy Information |
| Specialising in debt agreements, mortgage refinancing and bankruptcy. Company profile, calculators, solutions, media releases, testimonials and existing ... |
| www.foxsymes.com.au |
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| Oxfam - Debt and Aid - Debt Relief for Nicaragua: breaking out of ... |
| Oxfam policy paper on relationship between international debt servicing and poverty. Linked to table of contents and also zipped for download. |
| www.oxfam.org.uk |
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| What debt relief means for Africa | csmonitor.com |
| This weekend's $40 billion debt cancellation deal could spark major improvements in the lives of the world's poorest people. |
| www.csmonitor.com |
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