Archive for Debt Settlement Articles

Debt Relief for Homeowners

by: admin January 19, 2011

When the American real estate market crashed in 2006, so did the second mortgage financing that enabled homeowners to make credit card problems disappear. Unfortunately with no equity, lenders were not interested in offering debt consolidation home loans.  With no equity, there was no collateral so the home equity loan programs disappeared and debt relief [...]

Debt Relief Solutions

by: admin May 10, 2010

Which Debt Relief Solution Makes Sense for You?  Debt Settlement vs. Debt Consolidation Debt settlement offers the ability to eliminate your unsecured debt.  Consolidation loans will consolidate debt, which will lower the interest and monthly payments, but with debt consolidation no debt is forgiven.  However, both debt solutions will have various consequences on your credit score and future financial options. [...]

Debt Relief Options for Credit Card Debt

by: admin February 23, 2010

Do you have at least $10,000 of unsecured debt?  Do you have credit card debt that keeps escalating each months because the minimum payments only goes towards the interest on the debt. Debt relief can be a great solution for unsecured debt reduction. • Reduce credit card rates and • Eliminate late fees • Lower [...]

Debt Settlement Solution or Scam?

by: admin February 1, 2010

Question: Dear Financial Adviser, I have a handful of credit cards that total about $23,000 in credit card debt.  Until recently, I have always paid my bills on time. Just recently, I received a letter from a debt relief company. I placed a phone call to them and they said I likely qualify for a [...]

Debt Settlement Tips

by: admin January 31, 2010

Becoming debt free is great feat. Getting beyond the a debt settlement process can be a daunting process, but worthwhile if you choose the right company and if you remain committed to eliminating credit card debt through the debt negotiations process.  Bad credit debt consolidation is much more difficult these days if you are trying to [...]

Credit Counseling Damages Credit

by: admin November 24, 2009

The untold secret of consumer credit counseling is that it damages your credit like a bankruptcy. Mortgage underwriters often consider it a bankruptcy. Creditors continue to report people as late with CCC and most consumers who enter the credit counseling programs are unaware of the negative credit impact that credit counseling has. Before going straight [...]

Obama Debt Relief

by: admin November 24, 2009

The Obama administration continues to push forward mortgage bailouts and debt relief programs for consumers who have been riddled with credit card debt. If you turn on your radio when in the car you will likely hear debt settlement commercials touting solutions. Credit cards are known as “toxic debts.” This means they are depleting your [...]