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Consumer Debt Solution - Analyzing Your Options
You have several options to reduce your consumer debt. You can
take the do-it-yourself approach by consolidating debts into a
low rate loan. You can also find help through companies that
management payments or negotiate debt elimination. Each...
Credit Card Debt And The Interest Only Loan
Here is an example of the system gone wrong: a mortgage loan
that encourages paying off one debt, in order to over extend
yourself with another debt. This is what happens with the
interest only loan and credit card debt. As a borrowing nation,
I...
How To Buy Used Vehicles Debt Free
New cars are one of the worst purchases that we can make due to the rapid decrease in value, especially over the first three years. When we finance these vehicles, this turns a bad situation even worse. We have now added a couple thousand dollars in...
Reducing Debt Before It's Too Late ... How to avoid the pitfalls of creeping debt.
Reducing debt usually isn't a high priority for people until they have already gotten into trouble with overspending. Using a few basic guidelines, and debt calculations, can help you see when your debt load is getting into the danger zone.
...
The First Step To Getting Out Of Debt: Make The Commitment!
These days, getting into debt is easy. Unfortunately, getting out of debt is not so simple for most people. But you can do, if you go about it the right way. The first - and by far the most important step – to getting out of debt is to MAKE A...
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Debt Elimination
Debt seems to have become the buzz word in today's world. We
can't blame it on people. After all it's human to fall for it.
However, it surely isn't good for you. If you have fallen into a
debt trap, you can take comfort from the fact that you are not
the only one. Getting out of debt trap is not impossible either.
You just need to have some patience and exercise restraint on
the bad spending habits that you have developed over a period of
time (assuming that the debt has not resulted due to some
difficult circumstances).
Analyze the situation properly and prepare a strategy for debt
elimination. Here is a list which you could reference to pave
the path to debt elimination:
1. Controlled spending: The first thing to do is prevent the
situation from getting worse i.e. stop the debt from growing
further. So exercise control and try and remain within 70% of
your credit limit. You might also resort to spending cash
instead of plastic, just as a control mechanism.
2. Consolidation: Debt consolidation is another instrument
which is very much in use as an important step towards debt
elimination. This involves switching over to a new credit card
which has a lower APR. However, if you intend to keep spending
like mad, this will result in a debt trap and will not help you
at all.
3. Negotiate: You might as well talk to your existing credit
card company about the situation and check if they are able to
help by reducing the APR for a period of time. This does work
sometimes because these companies too want to retain their
customers.
4. Pay off some debt: If you have some cash handy, you might as
well pay off some
debt, especially the one that is on higher APR
credit cards.
5. Seek professional advice: If you are not able to find the
way out by yourself, you should take professional advice. There
are consultants who would not only give advice but also detail
you about what offers are available in the market and which suit
you the best.
6. Resist offers: Credit card companies keep putting up new
offers to lure more customers. These could range from getting a
discount if you shop with them, a free gift etc. Do not fall for
such offers. Just treat them as 'Not for me', because these are
really not for you until you come out of your current debt.
These are more to induce spending than anything else. Moreover,
this will just add to the annual fees that you pay on your
credit cards.
7. Reduce the number of credit cards: If you have a large
number of credit cards, you will always be tempted to using one
or the other till the credit limit is reached on them. This
creates a debt trap. So, if you can, then close off some of your
credit card accounts.
The key to debt elimination, however, lies in 'Restraint'. If
you are able to control your spending then you are already
moving in the right direction.
About the author:
Rudy Hadisentosa: CCN.com is a free online credit cards review
and application website. We offer credit cards selection from
visa,master cards, discover, american express and many others.
We have quite some categories and hundreds of credit cards
selection to fit your need. Apply for a credit card at CCN.com.
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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 |
| 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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