Credit Card Debt Program-The Right Way To Go

Of course I am just generalizing since there is no way for me to know everyone’s own unique situation. However, being that I am considered a pretty good resource in this industry as well as having high valued knowledge in this field I can make those kinds of statements. As you will soon learn, I am not a big fan of credit card companies or their practices. So yes, I will always advise everyone to find a good credit card debt program and then join to eliminate credit debt of this kind as quickly as possible.

Credit Card Debt Program-Saving Each Consumer Thousands Of Dollars

It’s estimated that it will take the average consumer about 18 years to pay off a credit card debt of just $5,000.00 if they pay the monthly minimum. Of course this figure is based upon them also having a descent interest rate as well. Since the average credit debt in America is much high then this, and with interest rates across the industry being high, well let’s just say it’s not a pretty picture. By finding a good credit card debt program you will be able to eliminate credit debt in just a few years. This will literally save you thousands of dollars just in interest.

Credit Card Debt Program-Why should I Join One

Many people often ask why should they even care about joining a credit card debt program when they can just file for bankruptcy if their situation doesn’t improve. Without going into all the details right here, this procedure should only be used as the last option if your situation warrants it and it provides you with the only way to eliminate credit debt so you can begin to live again. It could take you a long time, not including all the hard work you will have to do, to rid yourself of that stigma of having filed for bankruptcy. Remember, when you join a credit card debt program, not only will you eliminate credit debt much quicker then usual, but you will also be improving your credit worthiness as well.

Credit Card Debt Program-Where Do I Start

If your credit card debt is high, or even out of control and you feel the need to eliminate credit debt of this kind from your life then its time to look for a good credit card debt program that will help you achieve this. The Credit-Debt-Help-Site is probably one of the most, if not the most, leading resources for the average consumer wishing to find this type of help. We have done all the leg work for you already and have listed only the top companies in the industry for you to choose from. Just click on the debt consolidation and settlement tab at the top of page or to the right to begin.

Finding a good credit card debt program that’s right for you has never been easier. Look over our listings, fill in a few of the forms as requested,( a 1 minute or 2 minute procedure at most), and simply talk to  their  representative about your situation and how they can help you. Of course you will be under no obligation, and this is a free consultation so there should not be anything holding you back. So go ahead, fill out a few forms and see for yourself what they have to offer you.

Also, check out what Google has on this topic as well. Just click on their displays located at the bottom of page and middle right hand side of our pages. (off gray color boxes)

Your Truly,

Michael

Reduce Credit Debt-There Are Many Ways to Achieve This

September 10, 2010 by  
Filed under Credit Basics, Living Debt & Credit Free

Reduce credit debt. We hear this phrase a lot when seeking advice as to how we can live a more comfortable life. It all sounds so easy. Truth be told, it does come down to those three little words now doesn’t it. The more we can reduce credit debt, the more we have left over at the end of the month for ourselves.  A  lesson emphasized often if you take a reduce debt through credit counseling course(excellent by the way).

In order for us to create a workable strategy that we can implement to reduce credit debt that currently is hurting our finances, we first must identify all aspects of it and determine what exactly is controllable by us and what we may need help with. We can start by listing all of our monthly expenses.

Next, go down this list one by one and try to think of ways each can be lowered by you and your family that will save money, which then can be used to reduce credit debt.  There are countless ways everybody can lower their utility bills, transportation costs, and daily living expenses simply by better planning and being less wasteful.

For us to be able to reduce credit debt continually so that at some point we eliminate all the unnecessary bills that are currently dragging us down we must also do the obvious.

You guessed it, we will need to control our future expenses. We will have to stop charging anything for a while (excluding emergencies), so put those credit cards away. It would be foolish for anyone to believe it’s possible for him or her to reduce credit debt without controlling his or her future expenditures.  This is a reduce debt through credit counseling 101 lesson.

And now the final step for you to take to reduce credit debt in your life, and eliminate it once and for all but only if this applies. For some of us it may be to late to just follow some tips and guidelines and then be able to call it a day. For some, professional help may be needed. Relax; we have you covered here at the Credit-Deb-Help-Site.

The best reduce credit debt, debt consolidation and debt settlement resources are right here for you to use. Just click on the tab at the top of page or to your right (debt consolidation and settlement center) to begin. Of course you are under no obligation and there are no costs for you to begin the process. Just look over the companies we have listed, (which by the way are the best in the business) fill out their easy and non-intrusive form (takes about 1-2 minutes at most) and talk to them at your convenience, then just decide for yourself if their program is right for you. Keep in mind in case your interested some do offer free reduce debt through credit counseling programs as well.

If you are serious, and really need to reduce credit debt, we have made it very easy for you. So just click on the tab, visit our debt consolidation and settlement center and begin. You will be glad you did.

P.S. Also click on the Google ads located at the bottom of this page and on the right hand side of each page(the grayish boxes) and check out what they have on this topic as well. By taking advantage of all the resources we have provided for you, in no time at all you will find yourself back on the right track.

Yours Truly,

Michael

Credit Debt Solutions-Pay Credit Debt Down

September 8, 2010 by  
Filed under Credit Basics, Living Debt & Credit Free

Credit debt solutions-giving us the means to pay credit debt down and improving our financial future, is a simple strategy that we can implement in our everyday lives that will enable us to easily save money that normally we were throwing away. The money that we save will then be exclusively used to pay credit debt down that currently is doing nothing but hurting our overall finances. The result of all this will be a new ability to save for our future, which in turn will help us achieve greater financial stability. This information is by no means attempting to cover every way this can be done, but just a select few in order to remind everyone that by changing the way we think, we can change the outcome of our future.

When looking for credit debt solutions, we always seem to overlook the obvious ways that can help us to achieve financial success. We seem to forget the fact that there are some things we can do on our own without using the help of all those high priced accountants or all those expensive courses someone is always trying to sell us. I’m not saying that they don’t have a place in this world, because I know for a fact that they do. It is important however we understand what we do control and that doesn’t cost us any money to implement, but yet can still have a major impact with our finances. Remember, our goal is to find the obvious from the beginning, without having to spend hundreds of dollars just to start, only to have to wait a while to see some real savings. Our criteria for this is we simply want to be able to make small changes in our everyday life that will create real savings for us. We then will only use these savings to pay credit debt down until we eventually reach a zero balance, therefore eliminating all those unnecessary bills. We do this with the idea that we can then begin to save more for our future while also adding greater financial stability to our lives.

The first free credit debt solution is to be money smart and alert. By being alert, we will become more money smart later on. Knowing where our money is going is a key factor in this solution. We need to set limits for ourselves when out shopping and then stop when those limits have been met. Here is a good rule to follow whenever your out shopping. Only purchase exactly what you originally set out to get, and never impulse buy. This type of spending will always create financial problems for us. By sticking to our original shopping list, we will definitely save money. This money will only be used to pay credit debt down as planned, so that soon these bills will be completely eliminated. By doing this, we can then begin to save more money for our future.

The second free credit debt solution is to balance your books. By balancing your books, I mean your checkbook. By not keeping your checkbook balanced, you are taking an incredible risk of overdrawing on your account. And as we all know, bouncing checks is a very expensive hobby. I call it a hobby because some people just love to do it. How else can you explain why anyone would willingly hand over an overdraft fee (usually between $20.00 to $30.00) simply out of laziness or sloppiness. What I really like though is when someone sends out 7 checks at the beginning of the month and the combine total is just $3.00 overdrawn. We all know what happens next. Our friends at the bank will bounce every check that was written and not just the one that made you overdrawn. Is that a great system or what. So the next time you receive your favorite credit card statement, add up in your mind all the unnecessary overdraft fees you paid throughout your lifetime, and just imagine instead if that money was used for one reason only, just to pay credit debt down and nothing more. Ever wonder what that statement would look like today. Keep in mind that you cannot just subtract totals. You have to figure in the interest over that period of time that keeps increasing as the months go by. There are other factors with figuring all this out as well, but we are not going to get into that because I’m sure you get the picture by now.

Cutting utility costs is your third free credit debt solution. Cutting down on our utility costs is probably the easiest of all for seeing real money saved at the end of the month. There are literally countless ways we can all come up with to help us save on these. For example you may want to start by turning the thermostat up a couple of degrees in the summer and down in the winter when leaving your home for work everyday. For the electricity, maybe you can charge everyone a quarter each time they leave a room and forget to turn off the lights. Put the quarters in a jar and you’ll be shocked to see what you have at the end of each month. Not only will you have extra money to pay credit debt down as designed, but you will also be teaching your family a very valuable lesson about being wasteful and how to eliminate it.

Each of these credit debt solutions are free and can be done by anyone with minimal effort on their part. Of course there are many more ways for you to achieve this. As we stated earlier, our intention was not to list them all, but only to get you thinking in the right direction.

How Do We Eliminate Credit Debt

September 5, 2010 by  
Filed under Credit Basics, Living Debt & Credit Free

It’s not as easy as it used to be to eliminate credit debt. Getting ourselves behind is much easier than getting ourselves ahead. With the rising cost of living and smaller raises, it’s not hard to accumulate debt. Sometimes, it’s so hard to understand why we just can’t seem to make it. Last month, we got a $.25 per hour raise but it just doesn’t seem to help much. What we don’t comprehend is that at the same time, our cost of living took a raise also. Inflation for living expenses rises faster than our raises on our paychecks. For every raise that we receive, cost of living has already risen triple that. What the government doesn’t tell us when making it mandatory for minimum wages to go up; they have already passed bills for increases in utilities, interest rates and groceries. Having credit debt is a way of life for us real people that have to live day-by-day and paycheck-to-paycheck. Even though we live like that now, we should strive to eliminate credit debt  so we can guarantee  ourselves a better tomorrow.

To eliminate credit debt, we have to first figure out what we pay and why we pay it. If it’s not something that we need, why pay for it? If you pay $59.99 for cable when you can have Netflix for $15, why do you still have cable? I’m not saying that it’s not nice to have it. It is something that you can do without for a while to get caught up. It is much easier to tackle the smaller bills than it is to work on the bigger ones at first. Cut back on water usage and turn off lights and other appliances when not in use to lower energy costs. If you are paying on several smaller bills at one time, try consolidating them. The money that you save on these can be put towards something else that you are paying on. It’s nice to have the convertible sitting in your driveway that costs you an arm and a leg. But, you can trade it in on something cheaper and costs you less in insurance. It is much nicer to make these choices on your own than someone else telling you that you have to by them turning them off or repossessing them. Downsizing your home is a decision that seems extreme when you think about it, but sometimes what we needed years ago may not be what we need now and you might just be surprised at how easy it is to get used to something new. A smaller home can mean cheaper energy, maintenance and payment costs for you and your family. This can allow you to spend your hard earned money on other things.

Going without seems harsh sometimes. But for many of us, it may not be a choice that we voluntarily make. If you can control your finances on your own, we commend you on your abilities. For the rest of us that have considerable less discipline,  it takes a lot of hard work for us to be able to eliminate credit debt .

How Can We Settle Credit Debt

September 3, 2010 by  
Filed under Credit Basics, Living Debt & Credit Free

How can we settle credit debt so we can stop day dreaming about the future without all the collection calls? Having dinner without someone calling right in the middle of it to ask you for money? Can it be possible to settle your credit debt? The answer is yes.You will find though, collectors never discuss this option with you. You can settle any type of credit debt that you have if it has not been paid on for a while or as long as you have not set up payment arrangements with that collector already. In most cases we can settle credit debt without the need of a lawyer to help you. Having different types of credit can mean different types of collections to deal with. There are closed-end loans and revolving loans when it comes to types of credit that can be settled out of court. An installment loan, or closed-end loan, is one that you usually get from a bank or other lender for things like cars or homes. A revolving loan is usually a credit card or an account from a store that offers things like furniture or clothing. For either type of credit, you can settle credit debt directly with them to clear your account and restore your good name.

In order to settle credit debt with a company, you must first make sure that you have not offered, verbally or otherwise, another method of payment. If you have agreed to pay the balance in another method by extension or setting up payments, you cannot settle with them. They have got proof that you gave your word and then will sue you in court for the remaining balance. The only way a settlement is offered is when they lose contact with you and you make no sign of repaying them. Bill collectors are hired by companies that offer revolving loans because they tend to lose the most if not paid. Most revolving loans are made with nothing put down for it. With no collateral backing that loan, they will lose the money that is loaned. When an unpaid loan is old enough and after seeing that it will not be paid for, the revolving loan company may sell this debt to a collection company. Some will hire their own collectors to take care of it, but many sell their debt. If it is sold, it is sold cheaper than the actual amount owed. Then this cost is collected from you with a nice profit for them. You can simply eliminate the middleman, or collector, and pay only the settlement when the original company offers it. This will save you time and money in the long run. Other companies that offer installment loans are easier to deal with. You will notice that they only call you a few times and will only send you late notices in the mail. It is because you have already given them something to use if you don’t pay for it. Most generally, the house or car that you bought will stand for itself. So all they have to do is repossess whatever you bought or what you put up for collateral and auction it off. This will pay off the loan and if it doesn’t, you will be responsible for the rest.

Waiting on a settlement can be good and bad for you at the same time. It can be a way of getting rid of that unwanted debt at a fraction of the cost. Most companies will offer to settle with you just to be able to write your account off. Sometimes you can settle credit debt for less than half of what is owed. But it can also be bad because by waiting them out, you have made your credit history worse.

How Does Bad Mortgage Credit Affect Our Future

Having bad mortgage credit can drastically affect and hurt our future. In today’s economic uncertainty, we hear of more and more people losing their homes. Losing a home is devastating enough, but what most people don’t realize is that they have also lost their financial security. The affects of losing this security can go on for years and years and not only affect them but their families as well.  Having bad mortgage credit attached to your name can have an impact on what you buy and how you will be able to help your loved ones later in life to obtain the things that are needed and desired. We all think that it will be easy to pick up the pieces to our lives and move on. Sometimes it’s not as simple as we’d like.

The reason that you lost your home makes no difference when it comes to not paying for it. You are still labeled as having bad mortgage credit once you become delinquent. However, there is a difference when it comes to how you handle the situation once you’re behind. After you have fallen behind, the lender will notice what you try to do to remedy the situation. Say for instance, you put your home up for sale because you cannot pay the payments. You are trying to help the situation. On the other hand, you fall behind and do nothing until you are evicted. The person that tried to sell his home is going to get more help than the one that does nothing. Even though they are both going to have bad mortgage credit, the bank is going to be more willing to work with the person that tried to help his situation. Which one do you think will be able to get other loans in the future?

Having bad mortgage credit can affect whether we will ever be able to purchase another home. It can determine what percent and types of interest rates we get for our future loans. Also, it can impact whether we can cosign for our children’s loans when they get started or if we want to help them get through college. If we never get that second chance to own our own homes again, it can make a difference on whether a landlord will rent to you. Your credit history is used for utilities, rent, and cell phones and much more in today’s society. Imagine living a life where nobody trusted you. Imagine what it would be like to live on the streets, go without electricity, or go without a car to drive to work. Some of us have already been there and done that and want something better for our lives and our family’s lives. Are you willing to do what it takes to get back what you deserve? With a little dedication, you can.

Credit Cards-Is Life fantastic with Plastic

August 2, 2010 by  
Filed under Living Debt & Credit Free

Ah, credit cards, the thing we love to hate the most.  Let’s face it though; there really is only 2 days a month that we really feel that way. I don’t believe I need a drum roll for this, do I?  We all know the days. Like when our favorite mail carrier drops off the bill, or when we put the stamp on the envelope and kiss our hard-earned money good bye.

For me personally, it wasn’t so much of the fact that it was time for me to pay for my purchases, as it was that I agreed to pay more then the asking purchase price and not by a little either. By the time interest rate is factored in, plus the length of time you actually pay it off, wow, that’s just flat out depressing (not to mention crazy and foolish). Having the ability to use credit cards is not a bad thing, but for most of us, we  just need to use them more wisely.

Using credit cards wisely can be a nice safety net for you and your family. We never know when an emergency will arise, when one of our favorite appliances decides to go on a long awaited vacation(and decides not to come back), or when we really do need an everyday item, but we just don’t have the cash at the moment.

So yes, life can be fantastic with plastic, but only when we use our credit cards properly.  And as life generally goes, we only learn the good lessons after we totally have screwed something up.

Your Credit Rating And What It Affects

August 2, 2010 by  
Filed under Living Debt & Credit Free

Any time you take out credit for the purpose of making a purchase, or for any other reason in fact, this will affect your credit rating. This information goes into a file which is held by any one (or more) of a number of credit rating monitoring agencies in your country. Any payments you make (or miss) and any changes to your account are recorded in this file. Depending on the agency, your credit rating is judged on the basis of the information held on this file. Any payments you make are given a positive score (the higher the payment, the better the score) and any you miss are given a negative score.

The scores are tallied into an overall score marking your credit history, and your worthiness for further credit. This is then consulted by any company or lender who wishes to appraise your application for credit. If you have a history of missing payments, then the low score you receive will make it less likely you can secure credit for a further purchase. A history of making payments on time and in full will make it more likely.

Of course, there are other things taken into account. Your monthly income is also important, as even people who are very responsible when it comes to making the payments expected of them will struggle when it comes to paying a monthly payment that makes up a significant portion of their monthly income. Over commitment is a major reason why people fall into serious debt, so pay attention to your commitments.