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(Debt Negotiation) Companies and Cyberspace: Business & Consumer Pros & Cons
The Internet seems to be one of the most dangerous, yet convenient places out there. But, as in real life, there is still more good than we hear about. Amongst the spy ware, pop-up ads, search engine spamming, redirect only sites, phishing scams,...
Debt Reduction, a Necessary Endeavour
Massive debt is something many Americans face. Debt reduction is now becoming more and more of a necessity. Even a low amount of debt can cost you a lot in the end and it can take a very long time to pay off. An example: Let's say you have $4000...
In Debt? Make A List!
Debt is not much fun and when faced with it, people sometimes look for complicated debt solutions and often overlook the many simple ways that you can save money. Believe it or not, one of the simplest and most effective debt solutions is to get...
Life After Debt – Strategies for Dealing with Problem Debt
> Honorably and ethically rid yourself of burdensome debts using the little known Negotiation Strategy, without having to experience the loss of control and privacy associated with filing for bankruptcy, consolidation, or credit ...
The menace of credit card debt
Credit card debt can often be crippling and lead to a lot of stress. Even students are not immune as people are getting credit cards at an earlier age and falling into debt. With the increased use of credit cards, more and more people are falling...
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How to Find the Best Debt Consolidation Secured Loan
If debt is a way of life for you, it's time for you to consider finding a debt consolidation secured loan. This loan is designed so that you can pay off some or all of your debt, leaving you with a single low monthly payment instead of multiple payments that keep increasing as time goes by.
Since you offer collateral as security for the loan, the debt consolidation secured loan usually has a lower interest rate and is easier to get than some other loans… making it great for the person who is deep in debt and doesn't have a spotless credit history.
The best part is that not only does a debt consolidation secured loan stop your outstanding debt from harming your credit score further, but on time repayment of your loan helps to rebuild your credit as well!
Securing your loan
Since a debt consolidation secured loan requires collateral, it's important to choose the right collateral for the job. Instead of putting up precious metals or collectibles which need to be appraised to determine their value, it's often best to stick with more common forms of collateral… automobiles and trucks, and real estate.
These are high-value items that are relatively easy for the lender to determine the value of, and are easy for them to find a market for should you not repay the loan and they are forced to repossess.
The easier it is for the lender to determine the value of your collateral on a market, the more likely they are to offer you a good rate for your debt consolidation secured loan.
Of course, good rates are important because it means less money that you have to pay for your loan.
Determining how
much to borrow
Ideally, you want to borrow enough with a debt consolidation secured loan to repay all of your outstanding debt and have only the monthly loan payment to worry about.
If you're too deep in debt, however, you might have to settle for less… after all, you need to keep the amount that you borrow under the value of your collateral. If this is the case, make sure that you can cover your largest and oldest debts (or at least a significant portion of them) with your debt consolidation secured loan, and then distribute any additional amount included in the loan among the remainder of your debts.
Any amount that isn't covered by the loan should be repaid as quickly as possible (all the while making sure that you don't lapse on your loan payments.)
Paying off your loan
After consolidating your outstanding debts with a debt consolidation secured loan, try to make sure that you get all of your loan payments in on time (if not early.) Not only does this make sure that the lender doesn't have to repossess your collateral, but it also helps to build a good business relationship with the lender as well as doing some needed repair to your credit report.
You can use the relationship that you build now later in life when you need financial services again.
You may freely reprint this article provided the following author's biography (including the live URL link) remains intact:
About the Author
John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the www.directonlineloans.co.uk 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. |
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| 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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| www.incharge.org |
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| Economic Policy and Debt |
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| 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 |
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| www.debtanalyzer.com |
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| www.superiordebtrelief.com |
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| Debt Relief - Social and Economic Policy - Global Policy Forum |
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| www.globalpolicy.org |
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| Debt Relief - Global Policy Forum - Social and Economic Policy |
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| www.globalpolicy.org |
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| BBC NEWS | Business | Q&A: African debt relief |
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| news.bbc.co.uk |
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| 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 |
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| www.oxfam.org.uk |
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| What debt relief means for Africa | csmonitor.com |
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| www.csmonitor.com |
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