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 »

Can you go to jail if you do not pay your credit card bill?  No, If you stop paying your credit cards, your life will become a lot more difficult.  The first thing that will happen is that your credit score will drop like a rock.  A few late payments can drop your fico score as much as 200 points.  Your credit card company is going to raise your interest rates and start tacking on late fees.

When Will Creditors Starting Calling Me If I Get Behind On My Bills? Continue Reading »

What will happen if I stop paying my bills? It is important to know what will happen if you are unable to pay your monthly debt obligations. The first 30 day late that you have your credit score is going to drop like a rock. I have seen credit scores drop as much as 100 points just for one 30 day late. Your interest rates will probably go up as well. You credit card contract has a provision call the universal default rate. This is the rate they can charge you when you do not make a payment. Continue Reading »

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 »

Is Ameridebt still in business? Ameridebt was forced to shut down its debt consolidation operation as part of a settlement with the FTC. The Federal Trade Commission charges that it deceived consumers into paying at least $170 million in hidden fees. The FTC charged Ameradebt with misrepresenting that it was a non profit credit consolidation company and that it show consumers how to manage their money for no up front fees. The FTC also charged Ameridebt with deceptive business practices and with violating the Gramm Leach Bliley act by not providing customers with the required privacy notices.

Is debt consolidation through a credit counseling company bad? Continue Reading »

Did you know that July was originally called Quintilis which is Latin for “fifth month”…and that it was then later named after Julius Caesar in 44BC? It’s true! But on a much more important note… here is some information you might want to know! Continue Reading »

How do you use a credit card? The credit card industry has changed the way we buy consumables. You see Visa, Master Card, Discover and American Express logos everywhere now. You can even buy your hamburgers at McDonalds with a credit card. It is now convenient to make purchases even if you don’t have the money. Anyone who survived the depression would probably cringe. Back then if you didn’t have the money you didn’t buy it. Bank loans were tough to come by. So if you couldn’t afford something you just made do. Now you can go buy something an hope to figure out how to pay for it later. This type of thinking has made us a nation of debtors. At no point in our history have we seen such an abundance of debt and financial issues facing people. Bankruptcies in our country are at an all time high with no relief in sight. 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 »

What does CCCS mean? CCCS simply stands for consumer credit counseling services. They will consolidate your debt and lower your interest rates. They can have you out of debt in 4-6 years. Once you have missed a few payments, your credit card companies will raise your interest rates. Some credit cards will charge you over 30%? They can do this due to the universal default rate that is in your credit card contract.

At this point a request for lower rates will do nothing. They have you pinned against the wall. Your only option for lower interest rates is to do a credit counseling program.

If you are considering debt consolidation, you may want to look at a debt negotiation program as an option. For a no hassle debt review call 1-888-368-6668 or go to DebtNegotiationZone.com and fill out the request form.

With the onset of the credit crunch, millions of people saw their mortgage rates adjust and their mortgage payments go through the roof. Property foreclosures have hit new highs across the country. The credit crisis caused other impacts in the financial markets. As the economy began to slow down, many consumers began to run into problems paying their credit card debt Obligations. Defaults on credit card payments have reached record highs according to mbna. Unfortunately once you are in a financial crisis there are not too many great options in terms of getting out of debt. One option is consumer credit counseling which will lump all of your bills into a single payment and get your interest rates and payments down. Many people would like to go this route but they just aren’t able to make the new payments. The only other option would be to file for a Bankruptcy. Continue Reading »

How Does Debt Consolidation Work?

This article is about the advantages of doing a debt consolidation program. You may not be aware of this but debt consolidation, CCCS, credit counseling and consumer credit counseling are basically the same thing. Doing a debt consolidation plan is different than doing a debt settlement program. In debt settlement you are reducing the amount of principal that you will pay back and in credit counseling you are negotiating the amount of interest you will pay back. In consumer credit counseling you will pay all of the principal back plus some interest. Continue Reading »

Debt Settlement vs. a Home Equity Line to pay of your Credit Card debt

Getting yourself into debt can be a scary as well as a frustrating experience. Getting hounded by debt collectors night and day can be exhausting as well as emotionally draining. But there are options that you can take to take care of the problem quickly. The two that we are going to discuss in the article are refinancing your home to pay off the debt or doing a debt negotiation program. Continue Reading »

Debt Settlement tips from the experts – Debt Negotiation

Most consumers have questions about debt settlement and debt negotiation programs for their past due accounts and collections. This article is a commentary about the debt settlement industry. I think the first thing to talk about is what debt settlement and debt negotiation are not. Debt Negotiation is not about avoiding paying your bills. This is just a wishful thinking. If you borrow money from someone, they are going to want it back. This is only reasonable. If you borrowed money from someone, they can come after it for you. Some will come after you very aggressively. Creditors do have rights to contact you for repayment. Debt Settlement is not Bankruptcy. Continue Reading »

Can I negotiate my bills myself? Debt Negotiation, Debt Mediation or Debt Settlement is something that you can probably do on your own if you have a little education behind you. The first thing I would get familiar with is the Fair Debt Collections Practices Act of 1977. If you have thick skin for dealing with nasty and abusive creditors calling you all the time I would say do it. If you do not want the hassle you may want to hire a third party debt settlement company to handle your old collections. Continue Reading »