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Consumer Credit Counseling - Keep Debt Under Check by www.alifeoutofdebt.com
Before Jim left for a study-abroad program in Australia last
spring, he signed up for another credit card. One more wouldn't
hurt, thought Jim, then a sophomore at Iowa State University. "I
didn't plan on using the card," says Jim. "But Australia...
Debt Consolidation Refinance Loans - A Great Way To Lower Your Bills
For millions of homeowners, refinancing is the perfect way to consolidate debts. You can consolidate your debts, eliminate outrageous interest rates and fees, and make one low monthly payment. Credit cards, medical bills, and unsecured loans can all...
Get out of Debt-Military Debt Relief
Don’t let the easy access of obtaining credit cards drive you in debt. Often time, people take advantage of the easy access to credit cards and run up a large total with not having any plan or money to pay it off. The interest rates are usually...
How Following These 8 Steps Can Make You Debt Free
Getting into Debt is easy.
When you leave school, you can start building a credit record
for yourself. The only way to do this is to go into Debt .
You think you can handle it: paying off your credit cards every
month, staying up to date...
The Ups And Downs Of Online Debt Consolidation
Online debt consolidation has been a hot topic on everybody’s lips nowadays. People are divided in their opinions about online debt consolidation because there are those who swear that they’ve been saved from bankruptcy, thanks to online debt...
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Plastic Debt
The Debt
In America, it is not only accepted that the majority of us are
knee-deep in credit card debt, it is normal. Two generations ago
it was just flat out wrong - a sin, to have any kind of debt at
all. Today it is quite a different story and credit card debt is
a mega, multi-billion dollar a year industry. The major credit
card companies are eating it up like hotcakes and our credit
reports are taking a lot of the heat. More than 75% of all
college students are in credit card debt within their first year
of school. From Sears to Visa to Diner's Club, people are adding
to the debt stock pile that the distributors thrive off of.
There are tens of thousands of websites that support and offer
more to this enormous problem and it has got to stop! We have to
draw the line individually, because there are no boundaries on
the excessive spending in America.
What's Really Happening
It's even stated in the Bible - "The borrower is slave to the
lender." In any case, where you have taken out credit on
something; be it a car, mortgage, student loan, credit card,
etc..., you are borrowing money. Not only that, but you are
borrowing more money than you need. The average APR (annual
percentage rate) on a credit card is 19%! In many cases, when a
credit card is "maxed out" you will pay only interest with the
minimum payment. As if this wasn't enough stress, the creditors
harass you like their life depends on it and you begin to feel
uneasy about even answering the phone.
Is Debt Consolidation the Answer?
Many consumers are drawn in by debt consolidation loans. It
feels like instant relief and the monthly payments go down.
Suddenly you feel like life is getting better by the minute. Oh
and what's this, there is left over money from the loan -
PERFECT! You needed this for that yard project or
supplies or something that you've been waiting to have the extra
money for. Why not reward
yourself, you have taken a big step
and your financial future is improving. Or is it? The fact is
that you have fallen into another trap. You are now borrowing
more money with an interest rate and you most likely got more
than you needed. Statistics show that even though the math often
works for a consolidation loan, the consumer ends up with his
ears nailed to the wall.
What to do Now
STOP BORROWING MONEY! This would be a good first step. Stop
right now. Do not borrow a dime. If you don't have it - don't
spend it. You can build up an emergency savings account to pick
up any negative events that may occur. This emergency savings
account is of course another article but you get the basic idea
right? Oh, you still feel you need plastic in your wallet? Get a
debit credit card. At least with a debit card you can only spend
what is in your bank account. You can also use most credit card
debit cards just like a credit card for purchases. Your credit
report will begin to reflect this positive behavior because
there will be no more credit card bills piling up. Here is a
saying to ponder before you think of making another large
purchase - "If you can't afford it, don't buy it. If you can
afford it, sleep on it."
To read more about how you can get your online credit report
free with no obligations and get a prepaid Mastercard debit card
with no immediate debt, go to http://www.cleancreditonl
ine.com
About the author:
Tom Justice is the webmaster for Clean Credit Online and does
all the designing, marketing, SEO and maintenance for the site.
He has a passion for personal finance and how the economy and
consumers are affected by money. To see how you can use Clean
Credit Online to help you with your personal finances please
visit http://www.cleancreditonline.com
"Plastic Debt" - © (2005) Reprinting is allowed assuming all
content is left the same.
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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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