Credit cards are flexible and easy to use for your everyday expenses.  However, over the course of time your rates and fess started to gradually increase.  Needless to say , due to circumstances beyond your control you find yourself drowning in debt.

Do you have more than $5000 in debt on more than 3 credit cards?  Understanding how you got into this problem and finding ways to resolve the problem is the first step in giving you – your start to financial freedom.

I read a quote by Pat Robertson and his advice was this ” The law of compound interest coupled with the law of use will lead to amazing things. Meaning if you save it and compound it – sooner or later you will come out with something better” I happen to agree with his observations and comment.

You first want to consider your options and carefully   dig yourself out of debt.  A debt settlement company  is a variable option.  An experienced debt settlement company has the resources and the ability to negotiate on your behalf.  The consumer needs to faithfully follow the plan that the settlement company has placed into action.  The financial plan may take as little as 12 months or more than 48 months on your outstanding unsecured debt.

It may be tough in the beginning to make those sacrifices but once you follow and complete the debt settlement program you can begin your journey to financial independence and starting letting your money work for you.

Call today and speak to a consultant with will be able  to answer all of your questions.

Will Capital One Negotiate My Card Balance if I’m behind?  With the credit crisis hitting Americans hard, many are falling behind on their credit cards.  I am asked often if the credit cards companies will do credit card modifications like the mortgage industry is doing loan modifications?  The short answer is no.  Credit card companies will not negotiate with you, they want all of their money back with interest.

What Are My Options With Captial One If I Can’t Pay My Credit Card Bill?

Your first step would be to get on the phone with them and see if they will work anything out with you.  Chances are that Capital One will not budge in terms of lowering their interest rates or balance if you are behind.  Your options would be bankruptcy, credit debt negotiation or credit counseling.

What Is Debt Settlement?

Debt Negotiation and Debt Settlement is a process of working out negotiated settlements for less than what you owe with your creditors.  Often you can settle your debt for pennies on the dollar.  Your credit could be negatively affected if you have stopped paying your bills.  It is better than filing for bankruptcy however.

If you are in trouble with your debt don’t put your head in the sand, the soon you ask for help the better.

What do I do If I can’t pay my Christmas credit card bills?  Is Credit Debt Settlement a good option.  Many American feel an obligation to provide gifts at Christmas.  It seems that the media is pushing the sense that we should be providing a gift for everyone at holiday.  The truth is that many Americans are still trying to pay off last Christmas while piling on more debt for this one.  The truth is that is just doesn’t work.  It is more like short term pleasure and long term pain.  Once the holiday is over you are left with the credit card bills to pay.  It usually ends up being more like worry and fear.  You mind will become occupied with strategies about how you are going to pay for everything.  Millions wont be able to keep and and will fall behind on their credit card payments.

What Are My Options If I Can’t Pay My Credit Card Bills? Continue Reading »