How do I know if I should do debt settlement or debt mediation? Financial troubles are now facing millions of Americans due to the credit crisis. Many Americans will have to make hard decisions about their personal debt. Unfortunately there are not many great choices you can make when you are in debt. You can choose from debt consolidation, cccs, debt settlement, debt negotiation, consumer credit counseling or bankruptcy. Each choice has its advantages or disadvantages.

Is debt consolidation like doing a chapter 13 bankruptcy? Continue Reading »

How does debt negotiation compare to consumer credit counseling? When you are in debt life can look like it is closing in on you. You may feel despair and hopelessness about your debt situation. The important thing is to not stop. The major choices in getting out of debt are filing bankruptcy, credit card debt settlement and CCCS.

Is credit counseling a smart choice for getting out of debt? Continue Reading »

BK is an acronym for the word bankruptcy. Bankruptcy is a legal action that you can take when you cannot pay your bills. A bankruptcy can stay on your credit for up to 10 years and you wont be able to buy a home for at least two years. You best bet is to try and avoid a bankruptcy at all cost.

For bankruptcy alternatives go call toll free 1-888-368-6668 or go to DebtNegotiationZone.com

Do not let a debt mediation company keep your funds in their house account. Use a debt negotiation company that insists on setting up a special trust account for you. When you give someone your money it magically becomes their money. Who would you rather have hold your money during your debt negotiation program. If a debt settlement company wants to hold your money and they are not a law firm, they are probably breaking the law. The law is very specific about how money can be held. Most states have laws about debt collection and their are laws about how money can be held. Your best bet is to use a debt settlement firm that has you set up your own bank account. You control it and if you decide that you do not want to do the program anymore, there is no question about getting your money back.

Should I refi to pay off my debt? Being in a financial jam can be a frustrating as well as an unsettling experience. Getting harassed by bill collectors and creditors day and night can be annoying as well as emotionally draining. But you do have options that you can take to take care of the situation. The two that we are going to discuss in the article are refinancing your home to pay off the debt or doing a debt settlement program. Continue Reading »

TASC stands for The Association of Debt Settlement Companies. The goal of TASC is to promote solid practices in the debt settlement industry and protect the interest of consumers and debtors. TASC also lobbies at the federal level on behalf of debt settlement companies. Continue Reading »

What does USOBA stand for? It is the United States Organizations for Bankruptcy Alternatives. USOBA was founded by the debt negotiation industry for representation for the debt negotiation and debt settlement outside of the consumer credit counseling and bankruptcy industry. The focus of USOBA is to cause advocacy and agenda for the debt negotiation and debt settlement industry. Continue Reading »

How Does Consumer Credit Counseling Work?

This information going to discuss the advantages of doing a Consumer Credit Counseling program. You may have heard of debt consoladation referred to as Consumer Credit Counseling, CCCS or debt management. To clear up the confusion, they are pretty much the same thing. Doing a debt management program is much different than doing a debt settlement program. In debt settlement you are negotiating down the amount of principal to pay back and debt consoladation you are negotiating the interest rates. In consumer credit counseling you will pay all of the principal plus interest. Debt negotiation will save you a lot of money in the principal but your credit score will get wrecked during the process. In debt negotiation you will pay back less than you originally borrowed. As you can imagine your creditors do not like that too much. Continue Reading »