What should I do if I cannot pay all of my bills. According to Dave Ramsey you need to prioritize. The necessities need to come first. Food, Transportation and housing should be your top priorities. If you can’t pay your credit cards you may just need to let them go for now. You will find that your mortgage company will be alot easier to work with than your credit card company. Mortgage companies are taking extraordinary measures to work with you. In fact Fannie Mae has stopped eviction and foreclosure proceedings until Continue Reading »
Tags: bad credit, bills, collections, credit card compaines, credit card default, dave ramsey, defaulting on credit cards, fannie mae, fnma, forebearance agreement, foreclosure, loan modification, pre foreclosure, preforeclosure
Posted in General Debt Articles
What debt guru has a better method for getting out of debt? If you were to match Suze Orman up against Dave Ramsey and their debt free plans, who would win?
How does Suze Orman tell you to get out of debt? Continue Reading »
Tags: credit card debt, credit cards, dave ramsey, dave ramsey vs suze orman, debt free, get debt free, get out of debt, get out of debt fast, how to pay bills, how to pay your bills, pay off bills fast, roll up method, snowball method, suze orman
Posted in Credit Card Articles
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 »
Tags: american express, amex, cccs, consumer credit counseling, credit card debt, credit cards, credit counseling, dave ramsey, debt, debt consolidation, debt negotiation, debt reduction, Debt Settlement Articles, discover card, how to use a credit card, master card, stay out of debt, suze orman, visa
Posted in Credit Card Articles
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 »
Tags: american express, bank of america, cccs, collection accounts, consumer credit counseling, credit cards, credit counseling, dave ramsey, debt consolidation, debt management, discover, larry winget, late fees, lower interest rates, master card, over the limit fee, suze orman, universal default rate, visa, washington mutual, wells fargo
Posted in Consumer Credit Counseling
