Being in deep debt is not a 21st century phenomenon. In 1758, Ben Franklin wrote in "Poor Richard's Almanac" that "Creditors have better memories than debtors." That was true over 200 years ago and it is still true.
Those to whom you owe money are not going to just forget about it and go away no matter how much you ignore them. You should consider the possibility of a debt consolidation loan that will help you defeat debt, get your creditors off your back and reclaim your life.
Debt Consolidation Information Center
Debt is insidious. It sneaks in when we aren't looking and takes over ever corner of our lives before we even realize that we have a problem. A loan that gets all of your debts under one "roof" can help to throw unrelenting debt right out on its ear.
When you are too deeply in debt, every thing in your life is affected. You don't want to answer the telephone when it rings because you know that there will be a debt collector on the other end of the line.
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Remember when you used to love to hear your phone ring because it meant a friend (or even better, a lover) was calling because they wanted to talk to you? A debt consolidation loan can make you glad to hear your phone ring again and happy to hear a knock on your door, too.
A debt consolidation loan will not make your debt go away. Remember that Old Ben said that creditors have long memories. Still a loan to consolidate your financial obligations can lighten your load. A debt consolidation loan can provide a way for you to finally get out from under over-burdening debt and defeat debt once and for all!
Get your [http://www.debt.uselfhelp.com]FREE EBOOK, How You Can Set Up a Family Budget by Grace Bridges. To learn more about debt, credit repair and personal finance visit [http://www.debt.uselfhelp.com]http://www.debt.uselfhelp.com. Grace has been involved with the credit industry for more than 30 years.
Article Source: [http://EzineArticles.com/?Defeat-Debt-With-Debt-Consolidation&id=3797596] Defeat Debt With Debt Consolidation
Tuesday, February 23, 2010
Tuesday, February 16, 2010
9 Ways to Lower Your Debt Instantly
Most Americans are living above their means which causes them to face financial disasters later on. While getting out of debt doesn't happen overnight (unless you win the lottery), there are 9 ways to lower your debt quickly.
1. Call your creditors and negotiate with them. Many people don't call their credit card companies simply because they don't know that they can. Interest rates are negotiable and many credit card companies will agree to lower your rate because they don't want to lose you as a customer.
2. Give up bad habits. Smoking, drinking excessive alcoholic beverages and overeating is not only going to get you deeper in debt, but will also cause medical problems. Being sick is not cheap in America, so do yourself a favor and give up those habits now.
Click Here To Buy Loan Modification: Diy Kit!
3. Drop you car. While this might be inconvenient and not everybody is able to do it, you should seriously consider using public transportation or find other ways to commute. If you live in a larger city, a car is usually a luxury and not a necessity. Selling your car might not be an emotionally easy task, but think of how much money you can save on maintenance, insurance, gas and car payments.
4. If you situation allows, find cheaper housing or consider finding a roommate. Prices of housing vary dramatically and you may able to save a ton of money by temporarily moving to a cheaper place. Just make sure the cost of moving is not going to exceed your savings.
5. Pay cash for everything. I like the idea of cutting up your credit cards so you are not tempted to use them. Studies show that people tend to overspend when they are using their credit cards and they rarely overspend when they use cash. Psychologically, paying with cash is harder, because it gives you a better idea of what you are actually spending. Credit cards are often treated like magic cards, and for some reason people totally forget that unless they pay their balance in full, paying with a credit card makes their purchase much more expensive.
6. Cut your spending. Stop going out to eat, skip Starbucks for lunch, learn how to cook, lower your thermostat a couple degrees.
7. Write down every purchase you make. This way it will be easier for you to track your finances and you also may think twice before making another purchase.
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8. Don't spend what you don't have. If you don't have money to buy a new TV set, then don't. Even if it is on sale and your old TV really sucks. If you really want a new TV, make sure you earn the money to buy it first.
9. Pay at least twice the minimum due on your credit cards. Making minimum payments is not going to get you out of debt any time soon, because you will end up paying more money in interest. Try to pay as much extra money as you can every month. If you have $10,000 credit on your card, depending on the interest rate it can take you up to 25 years to pay it off, even if you don't charge another single dollar.
Does the thought of managing your debt makes your head spin? Do yourself a favor and visit http://www.live-debt-free.org for free and easy ways to take control of your finances.
Plus, discover the most common [http://www.live-debt-free.org/pay-off-debt]myths about debt.
Article Source: [http://EzineArticles.com/?9-Ways-to-Lower-Your-Debt-Instantly&id=3748958] 9 Ways to Lower Your Debt Instantly
1. Call your creditors and negotiate with them. Many people don't call their credit card companies simply because they don't know that they can. Interest rates are negotiable and many credit card companies will agree to lower your rate because they don't want to lose you as a customer.
2. Give up bad habits. Smoking, drinking excessive alcoholic beverages and overeating is not only going to get you deeper in debt, but will also cause medical problems. Being sick is not cheap in America, so do yourself a favor and give up those habits now.
Click Here To Buy Loan Modification: Diy Kit!
3. Drop you car. While this might be inconvenient and not everybody is able to do it, you should seriously consider using public transportation or find other ways to commute. If you live in a larger city, a car is usually a luxury and not a necessity. Selling your car might not be an emotionally easy task, but think of how much money you can save on maintenance, insurance, gas and car payments.
4. If you situation allows, find cheaper housing or consider finding a roommate. Prices of housing vary dramatically and you may able to save a ton of money by temporarily moving to a cheaper place. Just make sure the cost of moving is not going to exceed your savings.
5. Pay cash for everything. I like the idea of cutting up your credit cards so you are not tempted to use them. Studies show that people tend to overspend when they are using their credit cards and they rarely overspend when they use cash. Psychologically, paying with cash is harder, because it gives you a better idea of what you are actually spending. Credit cards are often treated like magic cards, and for some reason people totally forget that unless they pay their balance in full, paying with a credit card makes their purchase much more expensive.
6. Cut your spending. Stop going out to eat, skip Starbucks for lunch, learn how to cook, lower your thermostat a couple degrees.
7. Write down every purchase you make. This way it will be easier for you to track your finances and you also may think twice before making another purchase.
Click Here To Generate Cash In Just Minutes A Day.!
8. Don't spend what you don't have. If you don't have money to buy a new TV set, then don't. Even if it is on sale and your old TV really sucks. If you really want a new TV, make sure you earn the money to buy it first.
9. Pay at least twice the minimum due on your credit cards. Making minimum payments is not going to get you out of debt any time soon, because you will end up paying more money in interest. Try to pay as much extra money as you can every month. If you have $10,000 credit on your card, depending on the interest rate it can take you up to 25 years to pay it off, even if you don't charge another single dollar.
Does the thought of managing your debt makes your head spin? Do yourself a favor and visit http://www.live-debt-free.org for free and easy ways to take control of your finances.
Plus, discover the most common [http://www.live-debt-free.org/pay-off-debt]myths about debt.
Article Source: [http://EzineArticles.com/?9-Ways-to-Lower-Your-Debt-Instantly&id=3748958] 9 Ways to Lower Your Debt Instantly
Wednesday, February 10, 2010
Best Moves You Can Do to Clear Credit Card Debt
The rising numbers of Americans with huge credit card debts is more than a testament that people are wholly dependent on their credit cards for just about anything. And while many people are trying to settle their past dues via debt assistance programs, not everyone is entitled to debt relief that are funded by the government. Most of the people who can enjoy such benefits and grants have to satisfy some qualifications. And even if you did qualify, that is not a guarantee that help will immediately come.
Click Here For More Debt Consolidation Information
The government is doing what it can to help Americans stand back and regain their financial footing by eliminating credit card debts. However, not everything can be covered by the government. So pretty much, you are on your own. That said, there are still options left for you to take. And sometimes, these options are more than enough to help you take control of your finances and consequently, your future.
If you own a car and you are stuck with debt, one of the best moves you can do is to refinance your automobile. Many people do not really ponder this debt settlement solution but it works in most cases. See, this is a secured loan and you can basically borrow against it. Just make sure you make the payments and make the effort to reduce credit card debt or you will find yourself with no car.
Click Here For The Debt Buster System.!
Another great debt solution you can do is take out a home equity loan, that is if you have a home in your name. It has lower interest rates than most debt consolidation programs, and the additional costs would only include interests that are deductible by tax.
Being in debt may be a good reason to be down. But you can still do something about it, whether settling your debts diligently by coming up with a budget plan or asking for credit card debt assistance to help you out. The point is you can still get your life back on track and get those creditors off your back.
Get a Free Private [http://securedebtrelief.info]Debt Consultation Right Now. You may be able to reduce your credit card debt by 50% or more! Join the millions who are taking advantage of Credit Card [http://securedebtrelief.info]Debt Relief!
Article Source: [http://EzineArticles.com/?Best-Moves-You-Can-Do-to-Clear-Credit-Card-Debt&id=3722315] Best Moves You Can Do to Clear Credit Card Debt
Click Here For More Debt Consolidation Information
The government is doing what it can to help Americans stand back and regain their financial footing by eliminating credit card debts. However, not everything can be covered by the government. So pretty much, you are on your own. That said, there are still options left for you to take. And sometimes, these options are more than enough to help you take control of your finances and consequently, your future.
If you own a car and you are stuck with debt, one of the best moves you can do is to refinance your automobile. Many people do not really ponder this debt settlement solution but it works in most cases. See, this is a secured loan and you can basically borrow against it. Just make sure you make the payments and make the effort to reduce credit card debt or you will find yourself with no car.
Click Here For The Debt Buster System.!
Another great debt solution you can do is take out a home equity loan, that is if you have a home in your name. It has lower interest rates than most debt consolidation programs, and the additional costs would only include interests that are deductible by tax.
Being in debt may be a good reason to be down. But you can still do something about it, whether settling your debts diligently by coming up with a budget plan or asking for credit card debt assistance to help you out. The point is you can still get your life back on track and get those creditors off your back.
Get a Free Private [http://securedebtrelief.info]Debt Consultation Right Now. You may be able to reduce your credit card debt by 50% or more! Join the millions who are taking advantage of Credit Card [http://securedebtrelief.info]Debt Relief!
Article Source: [http://EzineArticles.com/?Best-Moves-You-Can-Do-to-Clear-Credit-Card-Debt&id=3722315] Best Moves You Can Do to Clear Credit Card Debt
Monday, February 8, 2010
Have Bad Credit? Need to Consolidate Credit Card Debt? No Problem!
It is a sad but true statement that around 70% of households in the United States are failing to meet their monthly credit card repayments. It no wonder that the majority of these households are desperately seeking the answer to how to successfully consolidate credit debt.
The answer on how to this dilemma is not as easy as it may at first appear, this is largely due to the fact that by the time the consumer has looks into methods to consolidate credit debt it is already too late. Like a lot of problems in life people lie to hide from the or ignore them until they have no choice but to faced the situation they are in, in the case of credit debt this usually occurs when the card owner has already missed several minimum payments on their billing cycle. This in turn leads not only to penalty fees, but also will affect the credit score of the card owner detrimentally.
So what's the big deal about a bad credit score? well once your credit score has suffered, your bank or financial institution will no longer give you a line of credit, this in turn means its very hard to get your bank or credit card company to agree to consolidate your credit card debt, not to mention it becomes next to impossible to get a loan for anything else such as a car or home until such time as your credit rating has been restored.
So if you have ideas of running of to your credit company to try to work some deal to consolidate your debt, you can forget it, these companies are in the business of making money, they make a good income out of you missing your payments believe it or not. There is one way however you can get these credit card companies to play ball and that is to use the services of a non-profit organization that has been specially set up to help people to help people who have unmanageable credit debt.
Click Here To Buy Credit Repair Pack.!
These non-profit organizations have the edge when to comes to dealing with your credit card company, in fact it's a win - win for them. You see due to the fact that these organizations are declared non-profit any costs incurred by the credit card company that result from a loss in renegotiating or consolidating your debt (i.e. reduced interest rates, minimum payment reductions and even reduced total repayment) is deemed to be tax deductible. So as you can see not only will the card company be able to claim the loss off their tax, they will also be more likely to receive payments of the outstanding debt as the debt holder can now manage the repayments. The same concession does not however apply to deal cut with you and as a result it is highly unlikely you can ever strike such a deal on your own.
Once a deal has been struck you will no longer have to deal with credit card company, you simply pay the non-profit organization who in turn handle the repayments to the creditor or creditors as the case may be.
So as you can see, even if you have a poor credit rating and you cannot manage your monthly repayments you can consolidate credit card debt and you won't even have the daunting task of dealing with Credit Company itself.
So where to start? well the first thing you have to do is take action, the longer you put off contacting a non-profit organization as described above (see the link below) the bigger your debt will grow, this is a situation you just simply cannot ignore, the last thing you want is to find yourself in a position which has legal ramifications, as once you have reached this stage the aforementioned organizations can do nothing to help you.
So if you want to consolidate [http://debtreliefnowonline.info/]credit card debt then take a look at the following link [http://debtreliefnowonline.info/]Click Here
Article Source: [http://EzineArticles.com/?Have-Bad-Credit?-Need-to-Consolidate-Credit-Card-Debt?-No-Problem!&id=3716408] Have Bad Credit? Need to Consolidate Credit Card Debt? No Problem!
The answer on how to this dilemma is not as easy as it may at first appear, this is largely due to the fact that by the time the consumer has looks into methods to consolidate credit debt it is already too late. Like a lot of problems in life people lie to hide from the or ignore them until they have no choice but to faced the situation they are in, in the case of credit debt this usually occurs when the card owner has already missed several minimum payments on their billing cycle. This in turn leads not only to penalty fees, but also will affect the credit score of the card owner detrimentally.
So what's the big deal about a bad credit score? well once your credit score has suffered, your bank or financial institution will no longer give you a line of credit, this in turn means its very hard to get your bank or credit card company to agree to consolidate your credit card debt, not to mention it becomes next to impossible to get a loan for anything else such as a car or home until such time as your credit rating has been restored.
So if you have ideas of running of to your credit company to try to work some deal to consolidate your debt, you can forget it, these companies are in the business of making money, they make a good income out of you missing your payments believe it or not. There is one way however you can get these credit card companies to play ball and that is to use the services of a non-profit organization that has been specially set up to help people to help people who have unmanageable credit debt.
Click Here To Buy Credit Repair Pack.!
These non-profit organizations have the edge when to comes to dealing with your credit card company, in fact it's a win - win for them. You see due to the fact that these organizations are declared non-profit any costs incurred by the credit card company that result from a loss in renegotiating or consolidating your debt (i.e. reduced interest rates, minimum payment reductions and even reduced total repayment) is deemed to be tax deductible. So as you can see not only will the card company be able to claim the loss off their tax, they will also be more likely to receive payments of the outstanding debt as the debt holder can now manage the repayments. The same concession does not however apply to deal cut with you and as a result it is highly unlikely you can ever strike such a deal on your own.
Once a deal has been struck you will no longer have to deal with credit card company, you simply pay the non-profit organization who in turn handle the repayments to the creditor or creditors as the case may be.
So as you can see, even if you have a poor credit rating and you cannot manage your monthly repayments you can consolidate credit card debt and you won't even have the daunting task of dealing with Credit Company itself.
So where to start? well the first thing you have to do is take action, the longer you put off contacting a non-profit organization as described above (see the link below) the bigger your debt will grow, this is a situation you just simply cannot ignore, the last thing you want is to find yourself in a position which has legal ramifications, as once you have reached this stage the aforementioned organizations can do nothing to help you.
So if you want to consolidate [http://debtreliefnowonline.info/]credit card debt then take a look at the following link [http://debtreliefnowonline.info/]Click Here
Article Source: [http://EzineArticles.com/?Have-Bad-Credit?-Need-to-Consolidate-Credit-Card-Debt?-No-Problem!&id=3716408] Have Bad Credit? Need to Consolidate Credit Card Debt? No Problem!
Free Government Debt Consolidation
There is no doubt, the current economic depression is a bad one, and millions of Americans are having a tough time just keeping up with the minimum payments on their debts. If you are one of the many millions who have accumulated over $10,000 in debt, there is good news ahead. The US Government has stepped in and wants to help those struggling with high interest debts. There are now dozens of government and private debt consolidation programs available to help you get debt free. Read on the learn more and how to find out how much you can save!
Click Here!10 Days To New Income - Conquer Debt, Increase Your Income!
With the current US unemployment rate hovering around 10% and the average American carrying over $8,000 in credit card debt, it's no wonder some many people are turning to government and private debt consolidation loans for help. Debt consolidation works by eliminating all of your high interest debts, such as credit cards, student loans, and payday loans, and replaces them with one low interest loan. These consolidation loans give you more manageable payment terms and help you work towards eliminating your debt.
The best way to find out exactly which consolidation programs will work for you is to apply online. When you apply online you will be able to see which programs you are eligible for, quickly and easily. For example, you may be eligible for the DOE program; a free government debt relief service which can consolidate your high interest debts into one low monthly payment and even lower your total amount of debt.
This is just one example of the many debt consolidation programs which are available to all Americans. Request a free online quote today and discover which program is right for your individual needs. [http://www.debt-consolidation-source.com/]Click Here to request a Free Quote Online and see exactly which [http://www.debt-consolidation-source.com/]Free Government Consolidation programs will benefit you.
I highly recommend the link above if you want to see exactly how much you can save!
Article Source: [http://EzineArticles.com/?Free-Government-Debt-Consolidation&id=3717917] Free Government Debt Consolidation
Click Here!10 Days To New Income - Conquer Debt, Increase Your Income!
With the current US unemployment rate hovering around 10% and the average American carrying over $8,000 in credit card debt, it's no wonder some many people are turning to government and private debt consolidation loans for help. Debt consolidation works by eliminating all of your high interest debts, such as credit cards, student loans, and payday loans, and replaces them with one low interest loan. These consolidation loans give you more manageable payment terms and help you work towards eliminating your debt.
The best way to find out exactly which consolidation programs will work for you is to apply online. When you apply online you will be able to see which programs you are eligible for, quickly and easily. For example, you may be eligible for the DOE program; a free government debt relief service which can consolidate your high interest debts into one low monthly payment and even lower your total amount of debt.
This is just one example of the many debt consolidation programs which are available to all Americans. Request a free online quote today and discover which program is right for your individual needs. [http://www.debt-consolidation-source.com/]Click Here to request a Free Quote Online and see exactly which [http://www.debt-consolidation-source.com/]Free Government Consolidation programs will benefit you.
I highly recommend the link above if you want to see exactly how much you can save!
Article Source: [http://EzineArticles.com/?Free-Government-Debt-Consolidation&id=3717917] Free Government Debt Consolidation
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