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All About Debt Consolidation Loans
Debt consolidation loans can be the answer to a number of financial problems, but before you take the plunge, make sure you're well informed.
What is a debt consolidation loan?
Debt consolidation is when you arrange a single loan to cover a...
Bad Credit Debt Consolidation Loan
Debt Consolidation Loans for Bad Credit
Nowadays, many people can get into a bad credit situation if they do not keep track of their income and expenditure. Many young executives suddenly find that they are being offered credit cards by various...
Consolidation Loans - Get Out Of Debt And Save Money Each Month
Excessive debt is the cause of stress and anxiety. Too much debt
can affect your life as well as your credit score. If you are
experiencing financial difficulty due to overwhelming amounts of
debt, a consolidation loan may be the answer for you....
Debt Consolidation - What it is and how it works
What is Debt Consolidation?
Debt consolidation in the UK is the process where a debtor
takes out a single loan to pay off other existing loans. This
can be done to secure a lower interest rate, and hence make
lower monthly repayments, or to...
How to Protect Yourself: Debt Collections
So you are getting collection calls? You’re desk is full of unpaid bills. You dread answering the phone. You are having trouble sleeping at night because you are worrying about a bunch of bills. You feel depressed. Does any of this sound familiar?...
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Eliminate Your Credit Card Debt Forever-Without Stress
In recent years, the amount of credit card debt being carried by
Americans has reached hundreds of billions of dollars, with
interest payments each year that would sink the economies of
many small nations. But you can eliminate your credit card debt
forever, even if everyone around is stuck in an endless cycle of
debt slavery. How? Read on, dear internet friend.
STEP 1: CONSOLIDATE YOUR DEBT.If you have any more than one
credit card with a debt due to be repaid, then you're a
candidate for credit card debt consolidation. The 'minimum
monthly' payment each month includes many variable, including
the interest rate, the minimum monthly base (usually around $25
per month of a few percent of the debt, whatever is higher), and
any 'fees' you've been charged through the month for things such
as using an ATM, writing a check on your card, or, if you deal
with companies like MBNA, breathing. To consolidate that debt,
simply go to your bank and ask them about a debt consolidation
loan. The interest rate will be far lower than the 9% to 29%
that credit card companies can charge, and the repayment
schedule will be far clearer of the hidden extras (such as
insurance) that credit card sharks will hit you with.
STEP 2: CLEAN UP YOUR CREDIT HISTORY.Some people, many of us in
fact, will let the occasional credit card payment slip by late,
or even miss it all together, if things are a little tight each
month. The problem with that is that it sits on your credit card
report for the next seven years whenever you do that. So part of
eliminating your credit card debt is to ensure that your credit
score is clean and healthy. Some people will borrow a small
amount from a bank and set up their account to automatically
repay it each month, which will cost you not a lot in interest,
but will make your credit report look much better in twelve
months time. Others will just get ruthless with their repayments
- pay a little bit extra than the minimum, pay it on time every
time, and call the credit card company and ask them to REDUCE
their spending limit whenever the debt goes down by a thousand
dollars. The card companies don't particularly like doing
that,
but they will, and it will help you get a better record when
you're not tempted to respend.
STEP 3: IF YOU MUST MISS A PAYMENT - TELL THEM.Contrary to what
you might think, missing a payment is not considered nearly as
bad by a credit card organization if you just call them and let
them know you're running a bit tight this month. Most companies
just want to know you're not stiffing them, so will gladly waive
a late payment fee, or even allow you to schedule part payments,
just as long as you're dealing with them in good faith. And part
of eliminating your credit card debt is to deal with these
people in the best faith possible.
STEP 4: START USING CASH.It really isn't that hard to use cash.
Sure, you end up carrying money that you probably feel
uncomfortable carting around, but is carting around a credit
card with a $5,000 limit really that much safer?
STEP 5: REPAY AS YOU SPEND.It's not something that is advertised
by credit card companies, but most of the time you only pay
interest on what you owe when the company prints off your
monthly statement. That means, if you spent $100 on the 1st of
the month and put it on your Visa or Mastercard, and you paid
that $100 back with a check to the card company on the 10th, and
they send out your statement on the 20th - you have no debt, and
thus, no interest. For those wanting to eliminate credit card
debt, this is an incredible opportunity to get the convenience
of a credit card, without paying any interest AT ALL. In fact,
if you're prompt with your payments, don't spend on big ticket
items that will take months to pay off, and you keep your
balance down to next to nothing, you can save literally
thousands of dollars every year. Remember - repay before
statement day. It's the best way to eliminate credit card debt
before it even happens.
About the author:
If you are interested in additional debt consolidation articles of mine, please feel
free to visit my finan
cing website.
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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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