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Addressing Bad Credit Card Debt
As credit cards become ever more popular as a means of payment, credit card pushes forward as a major financial problems in many households. It is important to understand exactly what a credit card is and how it can affect your financial well-being...
Choosing a Debt Management Program
Warning: DO NOT Begin any Debt Management Program to help you become debt free , UNLESS the Company You Choose Meets these Six Criteria:
In fact, if these six criteria are not met, don't even get your hopes up...
1. The company has been in...
Credit Cards - The Inventor Of Debt Consolidation Companies
Like with everything good comes something so overly abused, that
turns bad. Credit Cards were invented to help others get by
without using cash and being able to purchase goods when you
can't find an ATM machine to get money from.
But, that...
Debts Negotiations
If you're in a really bad situation, and you just can't even
make your minimum payments this month, don't worry. You can
negotiate your debts, and pay back much less than you owe - as
long as they get their debt plus interest in the end, no-one...
Using 0% APR Credit Cards to Become Debt-Free
Normally, when you're looking to consolidate credit card debt
you have the following options: get a debt consolidation loan
-or- apply for a home equity loan. But if your credit card debt
is still manageable, you may want to consider...
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Use A Debt Checklist To See Where You Stand
A Debt Checklist allows you to look at items and areas of your financial life. You need to examine these to gauge how you stand. Even if you believe you are in good shape take a close look at these areas to be sure.
- Your Budget Almost nobody likes this word, which is why so many people
have problems with their finances and debt. You need to know how and where your money is being spent. In addition, you should be sticking to a spending plan.
- Your Savings Account You should pay yourself each month. To do this you
need have an account in place, in which you keep your funds. At least until you can move them to an account with a higher rate of return. Visit your bank or credit union to set one up.
- Your Use Of Credit You need to review your use of credit to see how,
what, and where you are using it. Using credit to pay your bills or buying groceries is a recipe for trouble.
- Your Percentage Of Income For Debt Nothing makes it harder to stay with
your spending plan than credit card payments. You are paying for your past while trying to purchase your present. If your percentage of income going toward debt exceeds 15 you could be headed for trouble. Any amount over 20 percent, you need to put on the brakes.
- Your Minimum Payments These add up. If you are to the point where you
ca only make minimum payments on your debts, you will stretch your indebtedness far into the future. You don’t want to extended like this. Find ways to add extra to one payment each month. Then when
you pay one off move the extra payments to another.
- Your Protection You need to put into place and maintain protection for
your assets. Your home, autos, life, and health, need be insured. Make certain the protection is in line with the value of your assets and the needs of the people whose lives would be effected.
- Your Retirement Two factors come into play here. You are going to live
longer and life is not getting any cheaper. You should pay into an account for retirement every month. More is better. If you have been paying attention you’ll know not to depend solely on social security.
- Your Job Skills Things change and change rapidly. A constant update
should be part of your plan. You need to be able to obtain better jobs, or sometimes any job. The more skills you possess the better your chances.
- Your Money Skills Since money education is not taught in school you will
need to learn on your own. You need to learn to manage your money, even if you turn it over to others. Become familiar with how credit and debt works, so it doesn’t work against you.
Once you have taken this inventory get to work shoring up the areas where you are weakest. Put into place the ones you don’t have. Then check back every so often to make sure all is well and as it should be.
About the Author
David Wilding has for the past ten years wored woith groups and individuals to rid their lives of debt. Visit his website http://www.debtattack.com for ideas, tools, and strategies for becoming debt free.
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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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