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Business Debt and Loan Consolidation: Help, Solutions, and Services
There are a lot of businesses that run into financial trouble
and turn to financial advisors to help develop a business debt
and loan consolidation plan. As with a personal debt
consolidation plan, the key to having success with a business
debt...
COLORADO...Drowning in debt, and have equity in your home?
Hey, Colorado! Do you have high interest credit cards, and can not seem to get ahead? Wish there was something you could do to get out of debt, but your credit is so bad you think there is no hope? THINK AGAIN! MONEYTREE is devoted to helping people...
Credit Cards Debt Consolidation
Consolidating credit card debt is never easy. Too often people run up their debts without even realizing it until it is too late. If you are one of these people, don't feel bad or trapped, or that there is something wrong with you. Credit cards are...
Debt Relief Information
Consolidate your bills in no time and save monthly. Don't choose
bankruptcy as an only solution to remove debt. This will cause
financial woes for years to come. Choose a debt help management
company who specializes in helping with debt...
Simple Strategies to Eliminate Debt on Your Own
The debt rates are climbing tremendously and not many people seem to be taking it seriously. If you are in debt, you are not alone but you might be standing in the wrong crowd if you haven’t gotten help with your debt yet. Many leave the problem...
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Leave Home Without It...How to Avoid Credit Card Debt
It would seem that a day doesn’t go by without receiving a credit card offer in the mail. Oftentimes, the offers seem too good to pass up. But before you’re tempted to apply for that “platinum card”, there are a few things you should know.
Too many people see credit cards as a means of buying things they wouldn’t normally be able to afford. It’s very easy to live beyond your means when you only have to make a “low minimum payment” once a month. But what most people fail to realize is that interest only continues to pile up on your outstanding debt. When you make only the minimum payments on your credit cards you're often not even covering the interest from the previous month, let alone making a dent in paying off the principal. At that rate you can be paying off your credit card debt for decades. It’s like trying to put out a fire with an eyedropper full of water. Also, be wary of those seemingly thoughtful letters from credit card companies praising you for being such a valued customer and as a "reward", they offer to let you skip a payment. Don't be fooled. Interest is still accumulating, making more money for the credit card company.
If you feel yourself drowning in a sea of debt, there are some things you can do to help yourself. For starters, look into lowering your credit card interest rates. Sometimes all it takes is a phone call to your current credit card provider to negotiate a lower interest rate, especially if you threaten to take your business elsewhere. If they’re not willing to work with you, then it’s well worth the time to do a little research to find out which credit cards are offering a better rate. Generally speaking, anything under 12% is considered good. If your credit history is fairly stable it’s an easy process to transfer your credit card balance onto another card. Just remember, the point of making a balance transfer is to pay down your debt. It should not give you license
to start charging above your means once again. If you’re not careful, this kind of maneuvering can become a vicious cycle.
The two most important steps you can take to avoid getting into trouble with credit cards in the first place is to pay off the balance each month and pay on time. A good rule of thumb to remember is that if you can’t pay off most, or all, of the balance on your credit card, then you have overspent and should immediately cease and desist with any additional charges. If you can’t be trusted not to use your card then give it to someone you do trust or freeze it in a block of ice in your freezer (no, I’m not kidding). Also, do make your payments on time because late fees not only add up, they can be potentially damaging to your overall credit record. Something you may want to keep in mind when hoping to get a loan for a house or a car.
Getting out of debt is not an easy thing to do, but it is possible. Of course, the easiest thing to do is to avoid getting into credit card trouble in the first place. So the next time you feel yourself lusting over that big screen TV, think twice. By the time you’re done thawing out your credit card from that big block of ice, you’ll probably decide it’s not really worth it.
For more information on your credit report and for more credit repair tips please visit us at Helpful Home Ideas.
About the Author
Johann Erickson is the owner of Online Discount Mart and TV Products 4 Less. Please include an active link to our site if you'd like to reprint this article. He is also a contributing writer for sites such as Helpful Home Ideas
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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 ... |
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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. |
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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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