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Are You Beating Up On Yourself About Debt?
When you hear the word "debt", whats the first thought or feeling that comes to you? For most people debt is "bad" or it becomes the "enemy" and is something that should be avoided like the plague.
Having debt does not make you a bad person....
Congress Toughens Bankruptcy Laws but Americans Get Deeper in Debt
ATLANTA, Ga. - Bankruptcies and foreclosures are at an all-time high, and millions of Americans are struggling without success to get out of debt, but help is on the way with a free financial fitness workshop Oct. 22.
Congress has created new laws...
Small Business Tax Deduction - Write-Off Bad Debts
Practically every small business has receivables that it cannot obtain from clients. If your small business doesn't have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can...
The Power of a Home Equity Loan to Pay Down Debt
Households across the country are finding themselves in a similar situation. They lack the financial funds to make the necessary changes to their home and need to find a way to fund upgrades and eliminate debt. A popular way of financing these...
What You Need to Know About Debt Consolidation Loans UK
Should you find yourself over your head in debt, you might want to start looking into debt consolidation loans UK . These loans are designed for the person who needs help in taking care of their outstanding debt, keeping them from bankruptcy. Much...
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Consumer Credit Counseling - Keep Debt Under Check by www.alifeoutofdebt.com
Before Jim left for a study-abroad program in Australia last
spring, he signed up for another credit card. One more wouldn't
hurt, thought Jim, then a sophomore at Iowa State University. "I
didn't plan on using the card," says Jim. "But Australia was a
blast." The price tag? Over $10,000.
Luckily for Jim and others in his predicament--the average
college student carries $2,400 in credit card debt some schools
are providing credit counseling to their students. Montana State
University in Bozeman, for example, operates Student Advocates
for Financial Education. During a typical session at the busy
office, counselors help students map out a budget, track
expenditures, and find ways to cut back on expenses. "Tuition
has gone up, the cost of living has gone up, and student wages
have not kept pace," says Deborah Haynes, an associate professor
at the school who oversees the program.
Payback. Students up to their ears in debt can also turn to
nonprofit consumer credit counseling firms. These organizations
can work out repayment plans directly with creditors or
consolidate bills into one monthly statement, something
on-campus centers may not be able to do. But be wary of scams.
Credit Counseling should be free or nearly so, and credit card
debt management plans shouldn't cost more than $50 to set up and
$35 in monthly charges, says Travis Plunkett, legislative
director with the Consumer Federation of
America.
Back at Iowa State, Jim struggled to make ends meet, barely
affording the monthly minimum charge on four credit cards and a
line of credit. He went to the Financial Counseling Clinic at
Iowa State, which offers to work with creditors to lower
interest rates, but quickly realized he needed a more
disciplined approach. He left school to move in with his parents
in Minnesota and is now taking classes at a local community
college. And he signed up with Lutheran Social Services, a
nonprofit group in Duluth, Minn., that offers consumer credit
counseling and credit card debt management.
Hill is now on a tight budget. Two thirds of what he earns each
month working at a bank goes toward his credit card debt : He
pays $65 to Lutheran Social Services each month--the
organization keeps $5 and disperses the rest to two credit card
companies--and coughs up an additional $420 to pay off his other
cards and the line of credit. "It's a big burden," he says. "But
it's going to be solved."
About the author:
Paras Shah
Email: parassshah@gmail.com
www.itsallaboutlinks.com
: Link Directory - Add URL - Submit Article for FREE
www.alifeoutofdebt.com :
Bad Credit Debt Consolidation - Consumer Credit Counseling
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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 ... |
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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 |
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| www.globalpolicy.org |
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| Debt Relief - Global Policy Forum - Social and Economic Policy |
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| BBC NEWS | Business | Q&A: African debt relief |
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| Debt Consolidation Australia, Debt Relief & Bankruptcy Information |
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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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