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Debt Consolidation Facts
Debt consolidation programs can help you lift the burden of excessive debt and potentially save you hundreds of dollars a month. Debt consolidation professionals will work with you and your creditors to design a plan to help you lower your payments...
Debt Management – Watch Out for Bank Fees!
During the last twenty years, banks have offered a number of improvements in the area of being customer-friendly. The old 9 AM – 2 PM “banker’s hours” are gone, replaced by a schedule that makes it easy for most people to visit when the bank is...
Getting Out And Staying Out Of Credit Card Debt
Credit card debt is a major cause of over one million bankruptcies each year. The reason is that many people get a credit card without researching and reading the fine print. By the time annual fees are added on, along with spending...
Learn The Credit Card Business Jargon And Stop Your Debt Cold
Credit card companies, as part of the financial industry, use a massive array of jargon. If you understand the terms you can stay on top of your credit card debt. While you can't be expected to recognize all the technical terms, some of them are...
New Concerns About Debt and the UK Housing Market
According to recently released UK government statistics, the
number of mortgage repossession orders in England and Wales has
risen by 66% compared with the same three month period in 2004
("Mortgage possession statistics", publ. UK Department...
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Credit Card Debt Eliminators, Are They For Real?
If you have excessive credit card debt, then you have probably
not only seen the ads but been tempted to look into them. These
are the ads that say you can terminate and wipe out your credit
card debt legally. Before you buy into these companies, there is
some information you should have that will probably help you to
steer clear of such advertised services.
These credit card debt elimination companies will tell you some
things that are not entire true. For instance, many of them will
claim that your credit card debt is the responsibility of your
bank. They will tell you that when your credit was established
and the limit on the card set, that the supporting bank was
taking responsibility for the debts in much the same way as a
co-signer would on any other loan. They will tell you that the
credit card company may call you or even report you to a debt
collector, but that they will not sue you for the amount. The
problem with their theory is that if it were true, wouldn't most
people solve the problem of credit card debt by just not paying?
Also, why would the banks even take the gamble on the cards with
the huge risk out there that you won't pay them?
Another way these companies will draw you in is by claiming that
you can erase credit card debt through the use of hidden or
obscure laws. They will tell you that they understand certain
loopholes that protect you from having to pay the banks that
you're your credit. In the end, though, they are not willing to
make any guarantees, so the process of credit card debt
elimination starts to sound a little less credible.
However, if you get that far and still haven't hung up on them,
these credit
card debt elimination companies will hit you with
the big one: a program they want you to buy. Now, the program
will supposedly be sure-fire, but they are also going to want
their money up front (perhaps in case the sure fire debt
eliminator isn't so sure fire). So they will tell you that it
doesn't cost anything, except for what you are paying them for
all of this top secret information they have.
So before you consider getting rid of your credit card debt
through one of these debt elimination companies, take some time
to educate yourself and to think about what they are telling
you. For one, wouldn't you think that most lawyers would be
aware of these loop holes? If so, then you would probably save
money by talking to your attorney first in a consultation. Also,
would credit card companies be so prevalent if it was so easy to
get out of what you owe on your cards? Probably not, since they
are absolutely counting on you to make any money at all. The
thing to remember is that if something sounds too good to be
true, then there is a good chance that it is. That goes for debt
elimination as much as it does for any other scam you see out
there. So, before you go forward with anything that is going to
affect your finances, you may want to take some time to ask a
lot of questions, research for yourself, and make sure you are
completely comfortable with the entire process.
About the author:
If you would like to read more of my personal articles like the
one listed above, please visit my credit
card tips blog. Thank you for your time, and I hope I could
be of some help!
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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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| Debt relief steps, your free guide to debt help. |
| Articles on debt relief, and credit management and repair. |
| www.debtsteps.com |
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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 ... |
| www.debtrelief.com |
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| Debt Relief - InCharge Debt Solutions |
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| 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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