People in this country are in debt. I get asked questions all the time about negotiating credit card debt. Now I am getting questions about negotiating on a car loan. For starters you can negotiate with credit card companies once your are behind on the bill. Credit card debt is unsecured debt. Car loans are different. A car loan is secured by the asset, the car. If you quit paying on your car loan, the repo man will come and get it. My suspicions are that they are getting more car repossessions now more than ever. Continue Reading »
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Posted in General Debt Articles
The full brunt of the credit crisis is hitting home and more people are concerned and scared about thier financial future. As well they should be. If you are burdened with a big debt load heading in to a slowing economy you should be nervous. Your chances of making it ok will go down dramatically as compared to someone that is not carrying any credit card balances. If you have debt now, you should be focused on trying to get rid of it rather than taking on new debt or just making minimum payments.
Cut Up Your Credit Cards And Start Using Cash Continue Reading »
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Posted in Debt Coaching Corner
