Erase 50% of Your Past Due Balance and Finally Beat Credit Card Debt!

Did you know that it is legal and ethical to erase 50% of your credit debt?

Credit cards have been the ruin of many families as they cause a 95% of all bankruptcies in the United States.

Did you know a $1000 charge on a charge card will take you for 24 years to pay off at 12% interest if you only make the minimum payment each month? This is something your credit-card company does not want you to know and they have cleverly hidden this fact.

Fact: It is now legal for consumers to erase 50% of their past due debts that they owe to their financial institutions.

Fact: Credit card debt will bankrupt a majority of Americans during this recession. There is no reason to stay in debt when you do not have too.

Get armed with free information that has recently been given by private companies to help get Americans out of debt. You can legally and ethically get rid of your debt load by half 50%, but average people are not aware of this option because Visa, MasterCard and other credit-card institutions have wrongly educated them. Credit card companies only teach you how to get into more debt.

Private companies are releasing information that can help you reduce your debt load by half. Get going towards vacations instead of on the road to poverty. Be able to take vacations instead of paying high interest fees.

There are obscure tactics and consumer protection laws that can help you cut debt in half. Life is meant to be enjoyed, not spent stressing over credit card payments.

I have found this resource to help you reduce your debt by 50%. They are a reputable and safe company to work with.There is no charge for them to help you.

The have put information together that can give you little known tips to get out of debt and tactics to get your debt erased by 50%. There is no charge, all you have to do is enter your email address.

To read this information and find out how much money you get get erased, Click Here.

Article Source: http://EzineArticles.com/?expert=Scott_Chaflin

Can Anyone Suggest a Reputable Consolidation Lender?

Many people looking for a debt settlement lender will always want to take their time to compare the lenders before committing themselves with anyone of them. This is because even if you are in a situation that requires urgent attention, you still have to take your time and identify a reputable company to work with.

When going for debt consolidation, there is a reason why you should go to a reputable lender. There are companies that treat their clients badly and these are not reputable lenders. Reputable lenders are known to treat all their clients with the respect they deserve; going the extra mile to make sure they are satisfied with their services.

A reputable debt settlement lender generally offers good customer service to their clients since they understand that it is their clients who keep them in business. They earn through the consolidation fees they charge you hence they have to keep you satisfied with their services. Such a company also charges clients the required rates and fees. Most poor debt consolidation lenders tend to deceive their clients by charging them extra fees normally hidden so you won't realize it. A reputable lender should take the time to explain to you all the fees they are charging you.

A good lender will make sure they perform business legally and carry out all their businesses as required by law. They are fully registered with a license and most of the times they tend to have good recommendation from their former clients. Such companies also have a large clientele at one time since they are trusted.

It is not hard to get a reputable company you simply have to look them up and scrutinize their services and probably what other people are saying about their services. Companies that have most of their clients complaining are not reputable and these you should avoid. Apart from searching online, the other way you can find a reputable debt settlement lender is to ask around from friends and family. Those who have been in the same situation should be in a position to tell you.

By the way, there certainly are reputable debt consolidation companies in the market, so you must research and compare several services in order to to determine the one that meets your specific financial situation, plus the cheaper interest rates offered. Nonetheless, it is advisable going with a trusted and trusted debt counselor before making any decision, this way you will save time through specialized advise coming from a seasoned debt advisor and money by getting better results in a shorter span of time.

Hector Milla runs the Reputable Debt Consolidation Company website - where you can see his best rated debt consolidation company recommendation.

Visit for further information and read our full review of the best debt consolidation service, plus articles and video training about how to get the most of your debt consolidation process.

Article Source: http://EzineArticles.com/?expert=Hector_Milla

Are These Debt Consolidation Lenders a Good Alternative?

For most people in debt, the only alternative to a debt consolidation loan is bankruptcy. For this reason, debt consolidation lenders act as saviors for people who face the prospect of a fall into the bottomless pit of debt from which escape would be impossible.

The real advantage of a debt consolidation loan is that it makes the loans owed by an individual manageable. This is possible because all of the owing debt is accumulated into a lump sum and in this way the debtor is able to take charge of finances which previously were handled in a haphazard way.

Another advantage of debt consolidation loans is that financial institutions today approve of them. While in the past lending institutions used to distance themselves from people in debt, today they are more appreciative of the fact that a person who seeks a consolidation loan is genuinely trying to pay owing dues. The change in attitude by lending institutions has made them more accommodating people with bad credit history as these institutions realize that the real harm would be to lose such customers.

One of the greatest advantages of using debt consolidation lenders is that such lenders will try their best to have the debts either written off or, reduced to the lowest possible amount. In this way, some money will be released and will enable the person in debt to breathe more freely. Such lenders also possess the negotiation skills that the debtor will not have and are therefore ideally placed to save the customer money.

Apart from their advanced negotiation skills, consolidation lenders have more information on the servicing of debts and this information can be made to work for the person in debt. This is critical when it is appreciated that there are certain debt removal methods, which are also legal, which are out of the domain of public knowledge, but which debt consolidation lenders will be aware of. The only disadvantage with using this kind of lenders is that the debtor has to repay the consolidation loan at a rate higher than normal loans.

By the way, there certainly are reputable debt consolidation companies in the market, so you must research and compare several services in order to to determine the one that meets your specific financial situation, plus the cheaper interest rates offered. Nonetheless, it is advisable going with a trusted and trusted debt counselor before making any decision, this way you will save time through specialized advise coming from a seasoned debt advisor and money by getting better results in a shorter span of time.

Hector Milla runs the Reputable Debt Consolidation Company website - where you can see his best rated debt consolidation company recommendation.

Visit for further information and read our full review of the best debt consolidation service, plus articles and video training about how to get the most of your debt consolidation process.

Article Source: http://EzineArticles.com/?expert=Hector_Milla

What Happens If I Don't Pay My Credit Card Bills? Get Them Settled!

The current economic environment has created a bleak outlook for thousands of consumers. With job losses skyrocketing and costs of living are continuing to increase, consumers are finding themselves in precarious situations relating to their debt. The need for many families to utilize borrowed money to afford some of life's basic necessities has taken credit card spending to new limits. The common question many of these families are now being faced with as job losses, illnesses, and life's unexpected tribulations take place is, "What happens if I don't pay my credit card bills?"

No matter what reason people find themselves unable to pay their bills, there are solutions. Entering into settlement agreement with credit card companies is a great way to get out of your debt obligations for fractions of your total debt. Settling debt simply refers to working with your credit card company to reduce the total balance of the debt by 40% or more. This agreement between the creditor and debtor will then be regarded as payment in full.

Debt settlement can be reached through organizations specializing in the process. There are several companies that can be found over the Internet with proven track records of successfully helping their clients by negotiating acceptable settlement offers with credit card companies. Individual consumers can also conduct the negotiations themselves and realize great settlement offers, however, the expertise and knowledge is typically not as abundant as with the companies specializing in such negotiations. Many of these companies also have relationships with the credit card companies which helps significantly in achieving the best settlement offers.

People face financial crisis for many different reasons, and it is happening more and more with the recent down turn in the United States economic environment. People should not feel trapped by their debt. They should know that options such as settlements are available. However, it is in your best interest going with a reputable service.

Final Tip: By researching and comparing the best credit card debt settlement services in the market, you will be able to determine the one that meets your specific financial situation. Nonetheless, it is advisable going with a trusted and reputable debt counselor before making any decision, this way you will save time through specialized advise coming from a seasoned credit card debt advisor and money by getting better results in a shorter span of time.

Hector Milla runs the Credit Card Debt Free website - where you can see his best rated credit card debt settlement service.

Visit for further information and read our full reviews of the best debt settlement companies in the market today, plus articles and video training about how to get the most of your credit card debt settlement process.

Article Source: http://EzineArticles.com/?expert=Hector_Milla

Getting Free Grant Money to Help With Debt - Grants For Bills

Finding free grant money may not be the easiest thing in the world, but those who are resourceful enough to find and apply for these funds have the potential to receive as much as $10,000 in free government money that never has to be paid back.

That's money that can be used for many areas of your life so you can pay off your bills and get out of debt. How you are allowed to spend the money depends on the particular grant you are looking for and eventually apply for. But one thing remains the same no matter what kind of grant you get. The cash received does not have to be paid back.

As long as you spend the money appropriately and don't violate any terms of the grant, you are free to use the money for your personal use. That may mean paying off credit card bills, going back to school, or even to help you buy a new home. There are thousands of grant programs across hundreds of government and private organizations that may be able to help you.

There are qualification requirements that must be met in order to have your grant request approved, but many times your application does not require a credit check, income verification or any kind of collateral. Because these are not loans, the grant funding agency is not interested in your ability to repay the money. They want to know how the cash will be used and how it will help you succeed.

Access the government grant resources that will help you quickly find and apply for the funds that you qualify to receive. Get the financing you need by obtaining a cash grant that never has to be paid back.

=>> Get Government Grants.

Article Source: http://EzineArticles.com/?expert=Austin_Warty

Credit Card Consolidation - Get Your Credit Card Debt Back on Track

Credit card abuse is one of the main reasons why many people suffer with credit problems and increasing debt. Credit cards, quite simply, are far too easy to abuse and a mountain of debt can be realized all too quickly when there is no restraint shown; high interest rates and the fees associated with them only compound the problem. This is why understanding credit card consolidation and the processes involved is very important.

The two main options open to someone seeking credit card consolidation are balance transferring and using a consolidation loan. Balance transferring involves transferring all your high interest card balances to a single low interest card or a card that offers a zero interest offer. A credit card consolidation loan pays off your card balances and in return offers a much easier to manage debt at a much lower interest rate.

It may seem obvious but when searching for a card to transfer all your card balances to, you need to look for the card that offers the lowest interest rate, charges and balance transfer fees. If you do not do your homework correctly you could end up creating an even worse financial situation than the one you are trying to get away from.

There are literally hundreds, if not thousands, of credit card providers and you should not rush the process of searching out the best possible deal available, never settle for the first deal that you find even if it seems like an unbeatable offer.

Many credit card providers offer zero interest balance transfers that are great in the short term but you should take note of the interest rate that they will revert to after the introductory offer has ended as this could be crippling. Another thing to look for when considering zero interest deals for credit card consolidation is whether or not the zero interest offer applies to any new purchases or just the balance that is transferred.

Cards that offer free balance transfers are something to look out for as well. There are quite a few providers that offer no fees when transferring balances but as always you must be on guard against hidden charges.

The long and short of it is if you are considering using the balance transfer method of consolidating your credit card debt always do the math, there are great deals to be had out there but if you choose poorly by either jumping in before making those all important calculations you could end up in trouble.

The alternative to balance transfers is that of credit card consolidation loans, a far safer option. All your credit card debt will be paid off and replaced with a single, easy to manage loan at a much lower interest rate.

Unlike credit cards your monthly payments will be amortized; this means that your outstanding debt (principal) will be paid off as well as the interest each time you make a payment so you can physically see your debt reducing. In comparison, a monthly credit card payment will only make a nominal payment towards reducing your balance and will almost completely go towards paying off interest, this is soul destroying to say the least as your balance never comes down!

One of the main stumbling blocks with credit card consolidation loans is that they are increasingly difficult to get, especially if you have a history of credit problems. If you are able to get these loans it is wise, as with the balance transfer method, to shop around for the best available deal.

Homeowners who have equity in their property have the added option of applying for a secured loan for the purpose of consolidating credit cards which can be a much quicker and cheaper route.

Whichever credit card consolidation method you decide upon you will inevitably face fees and charges for refinancing so never jump into any deal blind, do the math, make the right choice and get your finances back on track.

Do nothing and your debt will only worsen!

If you are looking for more information on credit card consolidation or any other financial topic visit credit card consolidation or debt consolidation information ; where you will find the information you are looking for as well as a method of debt reduction that could have you clear of debt in as little as three years!

Article Source: http://EzineArticles.com/?expert=Daniel_Major

A Good Loan For Debt Consolidation If You Have Bad Credit

Developing bad credit is easy, but taking the time and gathering the resources to combat it takes time and effort. If you have developed bad credit due to a series of high interest credit card accounts, then it is time to talk to a debt consolidation company about getting your financial obligations under control. With any reputable company you will have many options to choose from, and that even applies to people with less tan perfect scoring.

Remember that one of the things a professional organization in this field specializes in is helping people with bad credit, so they have developed a series of programs that can help the client with this negative mark control their debt.

A company like this relies primarily on loan products to help their clients, and one of the loan products that is used frequently are secured consolidation loan. A secured one that is reinforced by personal property put up by the borrower called collateral. The amount of collateral required on the scoring of the borrower and is a decision made completely by the lender.

In some cases a client may not qualify for a secured loan, and that is when the debt associate may move on to a program called debt settlement. This program is the process where your counselor negotiates a lower pay off amount for each credit account with the creditors, and then a program with a monthly payment is devised based on the minimum amounts per month each creditor is willing to accept. Just like a loan, this alternative program will help reduce the client's monthly obligation by hundreds of dollars a month and they will be able to get their finance back under control.

By the way, by researching and comparing the best debt settlement services in the market, you will be able to determine the one that meet your specific financial situation. Nonetheless, it is advisable going with a trusted and reputable debt counselor before making any decision, this way you will save time through specialized advise coming from a seasoned debt advisor and money by getting better results in a shorter span of time.

Hector Milla runs the Best Debt Consolidation Company website - where you can see his best rated debt consolidation company recommendation.

Visit for further information and read our full review of the best debt consolidation service, plus articles and video training about how to get the most of your debt consolidation process.

Article Source: http://EzineArticles.com/?expert=Hector_Milla

How Debt Consolidation Helps Reduce Debt

Debt consolidation can be a great opportunity to begin reducing your debt quickly and easily.

For anyone with several outstanding debts, rolling them all together into one debt consolidation loan can mean you're reducing your overall interest costs which can make your total monthly payments lower and more easy to manage.

Debt consolidation loans are also calculated and charged in a different way to credit card facilities so that each payment you make is forcing the outstanding balance lower. Every time you make a payment, your balance is reduced.

This is because the payments on your consolidation loan are usually calculated using an amortization schedule. Amortization is a fancy way of saying each payment includes a portion of interest payment and a portion dedicated to reducing the balance, or principal.

If you've been struggling to reduce your balances on credit cards but don't seem to be getting anywhere, the reason for this is because credit cards are charged at interest only on the outstanding balance.

Banks and lenders charge interest daily on your credit facilities and tally the interest amounts into a monthly figure, which is what you see on your statement at the end of each month.

The minimum repayment figure is then figured using how much you need to pay to cover the interest costs and then they add a nominal figure to represent a tiny portion to reduce the balance.

Of course, this figure is never enough - which is why most people never seem to be able to reduce their debts.

Debt consolidation can really help to wipe out your debt fast if you transfer the outstanding balances of any credit you have that's charged at an interest-only rate into one amortized loan that reduces you debt with every payment you make.

Another benefit of a debt consolidation loan is that your interest rate is often greatly reduced. Most credit card carry interest charges in the range of 12% to 18% - sometimes even higher.

Consolidation loans often charges significantly less on interest charges and fees so you're paying less charges overall on your outstanding debts. This is good news because it means your money is actually going to repaying debt instead of paying interest fees.

If you have bad credit applying for a debt consolidation loan specially designed for people with low credit scores could help you to catch up any past due accounts as well as help you to reduce your debt levels more quickly.

Because the lender will have to report your account management to the credit reporting agencies, they will have to report positively that your balance is reducing and that you're making payments. Both of these could mean an increase in your overall credit score.

Credit Card and Car Loan Debt Consolidation

Why is debt consolidation services becoming so popular?

The main reason is our inability to live within our means. People generally get a rush when spending money. It has been said that it is similar to a high that drug users get when they take substances. Now just as there are consequences to drug use there are obviously problems associated with overspending especially when it comes to consumer debt.

What is a normal person to do when they find themselves over their head, drowning in debt?

When you find yourself in this situation there is only a few things you can do.

1. Win the lottery- now we all know this isn't going to happen, but hey a guy can dream right?
2. File for bankruptcy- This is a very serious matter because once you file for bankruptcy you will have that on your credit record for at least 7 years. This would cause you to pay insanely high interest rates when you establish any new lines of credit. Over the years this option would cost you a ton of money!
3. Use a debt consolidation service couple with a debt management solution.

So what exactly is a debt consolidation service?

It is a two part equation. There is the actual debt consolidation and then a management solution (or managing of the consolidation). The way a debt consolidation works is all your debt would be lumped together . Then the debt consolidation company would enter into negotiations to get rid of late fees, lower interest rates and get you the best possible terms.

Once this is done the Debt consolidation company would work on a payment plan so that you can afford to pay these debts off in a timely fashion. This also impacts a person by improving their credit score which we all know is the key to being able to have low interest rates and obtain lines of credit.

Both the debt consolidation service and the management are intertwined services and do not serve as stand- alone products. This is very important because without the management aspect it is proven that most people fall back into their old ways sinking farther into the black abyss of debt.

Credit Card Debt Consolidation Loans

The term debt management consolidation refers to a process where all of your debt is lumped together with the help of a debt management company. Then they negotiate with your creditors to lower your interest rates, and lower or eradicate your late fees and over the limit fees. They also work out a plan with you that fits your budget to repay the debt. This plan is used to negotiate with your creditors to get them to lower the rates and fees.

One of the best parts of debt management consolidation is that almost everyone can use the service. It does not matter if your credit is or good or bad or even thinking of filing bankruptcy.

The Benefits to Debt Management Consolidation

1. Single low monthly payment for all debt
2. Increased credit score- which enables you to obtain credit in the future
3. Stress relief- Instead of worrying about piling up bills you can rest assured that the plan will work to get you out of your current situation

Now that you are on the right track with your debt management consolidation another very important aspect of the process comes into play: Debt counseling. This is a very important aspect of debt management. They go through with you and go over appropriate management of existing debt and guide you in how to pay them off. Then they go over your spending with you. A budget is designed and they ask you to follow it specifically.

With the economy going through the present slump and the average American barely scraping by, debt management consolidation is becoming a very valuable service. There are many firms out there just search in your yellow pages or online. Just make sure you research a few companies until you find one that you feel comfortable with.

Credit Card Debt Consolidation Services Online

Credit card debt consolidation is a choice for those that find themselves with many monthly credit card payments to keep an eye on and payments that tie up a huge portion of their available money flow. Many firms offer free quotes that might guide you as to the IRs offered, term of the loan and the total interest amount you would be paying for the loan.

After making an exhaustive comparison of deals and offers by different firms, select a firm that may offer you testimonials of clients that you can confirm and that have no beefs registered against them with the local BBB. To grasp if your credit card debt is OK for consolidation you want to gather some info. Also, add all other costs and charges applied to the balance as well as those charged whether or not the balance is 0.

By doing this you'll be in a position to include on a single sheet all your debt so you can check them at a peek. With this info you may have an overall idea of how costly each debt is re interests and charges and you'll be able to compare it with the consolidation loan quotes that you're going to need to ask next to keep going with the relative process. Credit card debt consolidation loans can be made thru standard banks like banks and credit unions, or they can be made without delay thru credit card debt help associations.

Swift action should be taken when making an application for a credit card debt consolidation loan thru a credit card debt help organization once the choice has been made. A real free debt consolidation firm will formulate a credit card debt reduction plan that's custom made for your current position as well as offer other services like credit support and debt management services.

Well qualified credit advisors of these firms will review your present position and help you figure out a budget. So you would be conscious of your monthly revenue as well as costs and you may learn how to live in your means. This way, the firms not only help you for debt reduction but also help you not to get encircled in the swamp of curving debt.

Any Online Debt Consolidation Service That are Worthwhile?

This is a fair question. No one wants to become a victim of a scam or enter into business dealings with a financer that is less than desirable. However, the way to answer this question is with a question: are there any honest and legitimate brick and mortar consolidation agencies out there?

This question may take a few people off their guard. Most people will not apply the same stringent criteria to brick and mortar service that they would to an online business. This is why it is important to point out an obvious fact that escapes many of us: there are good brick and mortar debt businesses and there are poor ones. An on-line debt consolidation services can offer the same quality or lack of quality that a brick and mortar business will embody. The key is simply to perform the right due diligence to make sure the online service is a reliable one.

A poorly operated on-line debt consolidation service will not be able to stay "hidden" for long. A quick review of the Better Business Bureau's archives would reveal if any complaints have been lodged. Also, running a simple Google search of the service's name could probably turn up information. Again, word will get around if a company is not a reliable one.

So, to answer the initial question, yes there are excellent debt consolidation services online. In fact, many of them have helped people get out of horrible financial finds. As such, their value can not be overstated enough.

By the way, by researching and comparing the best debt consolidation companies in the market, you will be able to determine the one that meet your specific financial situation, plus the cheaper interest rates offered. Nonetheless, it is advisable going with a trusted and reputable debt counselor before making any decision, this way you will save time through specialized advise coming from a seasoned debt advisor and money by getting better results in a shorter span of time.

Why You Should Avoid Debt Consolidation Loans

If you have a lot of creditors you owe money to, you know what a hassle it is to pay numerous bills every month. You are probably also looking for a way to lower your monthly payments.

A lot of people facing this dilemma look to debt consolidation loans as their savior - but before you apply for one there are some things you should know.

First of all, you are likely to owe MORE than when you started due to the fees that are stacked on to the loan by the debt consolidation company. Additionally, you are just moving the debt and not paying it off.

So you may lower your monthly payments, but in the end you are likely to owe more and possibly a whole lot more.

Also, if you have less than perfect credit or you are late with any of your payments you more than likely going to face higher interest charges. Those that need a debt consolidation loan the most are typically the ones that get charged high interest rates.

Debt consolidation loans can also ding your credit. Applying for new credit will lower your credit score. Also, by rolling over your debts you are closing the old accounts, which will also affect your score.

If the loan dictates that you negotiate a lower balance or "deficiency balance" with your creditors, you will harm your credit because you are asking the creditors to accept less than what you owe. This will be treated as a late payment on your credit score.

Debt consolidation loans do not address the problem. Nearly 90% of the time people take out these types of loans, they don't change the behavior that got them into debt and they turn right around and go back into debt.

You should stay away from debt consolidation loans period. The only way it might make sense is if you were facing bankruptcy. Outside of that, steer clear. The negative ramifications truly outweigh the benefits. The best way out of debt is through intense sacrificial budgeting, developing a game plan, and sticking to it.

How to Get the Most Out of Your Home Equity Consolidation and Credit Card Loan Consolidation

Our lives today are complicated. One of the hardest parts of living in our modern society is keeping up with bills. Everyone wants to be paid, and we have so many services to pay for. Insurance, car repayments, cable, cell phones, electricity and gas are some of the regular bills we receive. If you are feeling overwhelmed by bills and debt, you will need to do something about it to get your quality of life back.

One way to manage your debts and to even pay them down is to perform a bills consolidation. This is when you gather up all of your debts, whether they be credit card debts, college loans, personal loans or even business loans and you place all of these debts into one large consolidating loan. The benefits to doing this are usually a much lower interest rate and also a lower monthly repayment.

You can perform a pretty straightforward credit card loan consolidation by looking at the details of all the credit cards you have. Find the lowest interest rate across these cards and see if the bank will allow you to transfer all of your credit debt to that one card. If you do your research, you may find that the credit card you have in mind may also have a deal where they want you to roll your debts over to their card and are offering a short term interest free. You will then only have one payment to make per month and you'll be paying a lower interest rate.

Other credit card providers are offering great deals if you transfer all of your existing credit card balances to them. This can be a good thing if you do it properly, but you need to make sure you don't apply for everything out there because it will appear on your credit file and reduce your credit score.

One of the best ways to get the most out of your debt consolidation is to use your home as collateral. This is known as a home equity consolidation and you will find you can get much lower interest rates for your debt consolidation. If the bank feel comfortable because the have your home as security incase you default, then they will offer lower repayment schedules over a longer time period, meaning you'll have access to more cash. With this cash you can pay off your essential bills and keep the wolf from the door. Home loan consolidations are very common and can really help improve your quality of life.

Remember that once you have set up a home equity consolidation or credit debt consolidation loan, you must make sure that you don't get yourself into the same position again. Don't spend more than you earn, and use the extra cash that you now have to pay down your debts. You'll feel better for it.

Good luck with your loan consolidation!

Want information on how to consolidate debt loans, including school loan consolidation and home equity consolidation? Find out more at http://www.consolidatingloan.lifeandmoneyonline.com, where we will provide you with great information, tips and answers to your most pressing questions regarding loans for consolidation. Make the right decisions, gain control over your finances and get your life back on track!

Nicole M Brooks

Article Source: http://EzineArticles.com/?expert=Nicole_M_Brooks

Debt Consolidation - Counseling on Debt Consolidation

Debt consolidation is considered one of the best options if you want to get your finance back in line quickly, its several benefits make this debt management program quiet efficient resolving your problems and making your future repayments absolutely manageable. However, before make any decision about consolidating your debt you should consider the points listed below;

Firstly, while it is quiet acceptable that debt consolidation programs have more benefits than downsides, it is true as well that your decision need to be analyzed thoroughly, specially if you are turning unsecured debt, for example credit cards, into secured debt, this is the main reason why you should consider counseling.

By working with a counselor, a trusted and seasoned one, you will be able to develop a financial plan that meet your specific requirements, this is specially important if you are consolidating your debts with some goals on mind.

A good debt advisor should be able to show you alternatives to debit consolidation as well, for example debt management or debt negotiation, the aforementioned programs have very interesting features that could meet perfectly with your financial objectives.

Debt settlement for instance, make you debt free in a shorter span then debt consolidation. However, it doesn't improve your credit rating as debt consolidation does by paying on time.

As you can see, there are several aspects to be considered, then a professional counseling on debt consolidation is highly suggested and is worth the time and money, hopefully you will be surprised with a better strategy to follow for getting in control of your finance asap.

Hector Milla runs the Best Debt Consolidation Service website - where you can see his best rated debt consolidation company recommendation - and the Best Debt Management resources center.

Find free online debt consolidation tips and bad credit debt management advise respectively. Visit for further information.

Article Source: http://EzineArticles.com/?expert=Hector_Milla

Debt Consolidation Loans - Simplifying Your Debt Miseries

In an environment of financial slowdown, the monetary stability of the people seem to go down at a very steady pace. Usually loans and the like means are resorted to by the people because of two reasons. Firstly, when they have to face some unexpected events such as fire, robbery, flood etc, which put them into a dire need of some finance, which they are then not financially capable to survive on their own. On the other hand, at times, people resort to various loans for their personal purposes such as purchasing new land, machinery, home contents and many other things, which force the people to opt for various loans. The debt consolidation loans are very popular loans throughout the world. These loans have come out to be very efficient and useful means for those people, who are mired in deep debt-crises. In simple terms, it can be defined to a process of taking one loan to pay off multiple debts.

Thus, such loans are very helpful to minimize the debt burden. Numerous financial firms have come into existence, which provide such loans in an efficient and effective way. Thus, if someone is drowned in the crises of debts, then he can resort to one of such effective means from a large number of counseling firms, which would assist the debt-ridden people in every way they want. These counseling firms would negotiate with the creditors on the behalf of the debtors in order, to chalk out a logical and manageable mode of repayment. Thus, you can subside the complications and burdens of the multiple debts with the help of such firms. You need not agonize about your financially troubled situations. Numerous online portals have come into being, which assist the people about such loans and provide most effective plans to overcome their beleaguered credit status. The debt consolidation loans are basically meant for bringing your poor financial condition back on track.

There are various debt management agencies, which offer systematic programmes to assist an individual to overcome the debt burdens. The debt consolidation loans in UK are very popular, people are resorting to such loans as and whenever any need arises. These loans are very helpful for the people who are debt-struck and who do not have any other credit means to pay off all their debts. These people are highly recommended to meet an appropriate counselling firm, which would assist them in every way possible way in order, to shed off all their debt miseries and complications. With the help of such loans, all the debts will be converted into one feasible and simple payment mode, which you can easily sustain. The debt consolidation loans are available in both the cases i.e., secured and unsecured. In case of secured loans, your interest rate will be lowered and in case of unsecured loans, the interest rate will be increased a bit comparatively. Hence, one should be very careful while selecting such loans because a large number of firms offers different sorts of debt consolidation plans in order, to attract the needy people. Hence, further worsening the situation will not be justified anymore.

Adam Daniel is a business writer specializing in finance and has written authoritative articles on the finance industry. He has been efficient in providing useful information about repay your debt amount in a smoother way.

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The Advantages of Non Profit Debt Consolidation

These days, credit problems can affect anyone. With economic issues becoming a problem for more and more consumers, effectively managing your debt can be a challenge. If you are having difficulties in handling your monthly payments, you may consider a debt consolidation arrangement one good way to help you get back on track. Through a debt consolidation arrangement, you can lower your total monthly payment and, in some cases, reduce the total amount that you owe. If you're looking for a debt consolidation, there are quite a wide variety of options available to you, and among those are both for-profit companies and non profit debt consolidation agencies.

It is important that you understand that this type of debt consolidation is completely different from a debt consolidation loan. Whether it be a for-profit or a non profit debt consolidation agency, you should not expect these sorts of consolidators to provide you with a loan to pay off existing balances. In some cases, a debt consolidation loan can actually put you in a worse financial situation, because rather than reduce your obligation and lower your interest rates, some of these loans actually have a higher rate but can reduce your payments by extending the payment period for many months or years. Instead of a loan, these sorts of companies will represent you to the creditors and work out an arrangement through which they will agree to lower your interest rate and your payments, while possibly reducing the total amount that you owe and, if all goes well, keeping your credit score from being negatively affected.

Many consumers prefer to use a non profit debt consolidation agency to manage their debt consolidation. Whether you choose a for-profit or a non profit debt consolidation firm to help you get your financial affairs in order, you should make sure you understand how the agency will be handling your debts and payments. In virtually every case, a debt management company will collect a fee for handling your payments and for dealing with your creditors. In some cases, the fee is collected from the lenders themselves, in other cases the consumer pays the fee directly to the debt consolidation company. Because non profit debt consolidation agencies aren't in business to provide dividends to stockholders, their services are sometimes less costly than those of agencies who operate for profit.

Once you've decided on a debt consolidation company to handle your debts, whether it be a for-profit or a non profit debt consolidation group, you should expect to receive a debt reduction plan that explains how your debts and payments will be structured and over what period of time you can expect your accounts to be paid off. In this way, you can see exactly how your debts are becoming more manageable each and every month.

Debt Consolidation Can Lead to Financial Freedom

People love loans. Imagine credit cards, student loans and mortgages. There is no one on Earth that doesn't has any sort of loan in their life. At least, they must have a mortgage to finance their home or auto loan for their cars. As such, debts are rising, people are getting out of control with their finance management and in the end, they end up in a big pile of debts with no other ways to repay the debt. Some might end up filing for bankruptcy as it seems the best way out at that time.

When you have too many credit cards or if you have student loans, auto loans and mortgages to settle, things can be out of control. You might be in credit trouble and perhaps you might be thinking of filing for bankruptcy. However, there is another way you can solve your problems before you file for bankruptcy. It means that you can refinance your loans with one loan so that you will only have to repay the sum of one loan instead of many other loans.

It is simply the act of applying for one loan so you can repay the other loans. This way, you pay less interest and you don't have to worry about too many loans. One loan to settle all other loans seems to be the best way out in times like this. There are too many people with credit management problems and end up having too much debt yet no other way out. Which is why there are so many people opt for bankruptcy as it seems to be the one and only way out to those who know nothing about debt consolidation. Paying one overall lower payment is seen as the way out to gain financial freedom. The trend of getting a consolidating bill into one payment is also on the rise so there might be less people filing for bankruptcy in times to come.

Generally, debt consolidation is more appropriate to those with high credit card debt. This is because credit card impose a much higher interest than any other loans and by consolidating the debt, you can pay lower interest without having to pay for the high credit card interest. Imagine that it might take years for you to settle the credit card debt and the interest yearly is so high but you keep on paying them every month and until one time when you finally realized that you have been paying more than what you supposed to be paying. Why not get a loan to pay off your credit card loan so you don't have to pay for high interest and in the end you get to save more than you know.

Basically anyone can get a debt consolidation include bad creditors. In fact by getting a debt consolidation might enhance the credibility of bad creditors as it lowers the creditors debt and enhance the credit score of the bad creditors. By getting a debt consolidation, you can enjoy a monthly repayment, debt free within the fastest time, lower monthly repayment and protection from bankruptcy. Therefore debt consolidation is definitely better than filing for bankruptcy. At least you have the freedom and rights as a normal person unlike those who file for bankruptcy. Bankruptcy is really a last resort to those who can't even get a debt consolidation.

There are two types of debt consolidation. First one is a loan that is secured by something-like a house-and another one is unsecured loan based on your promise of repayment. Each of the loan has its own benefits and requirements. However, choosing the right type of plan to refinance your other loans could be difficult. There are so many debt options available for you and by making the right choice will be able to help you regain your financial freedom and become debt free in the fastest time possible. Many people yearn for financial freedom but very few achieve it.

There are consumer counseling type companies in the market that claim to be able to help those bad creditors to clear their bad reports and enhance their credit score. While some may be trustworthy but it is better to be careful when being approached by any company that offers to solve your problem. These companies that approach people might be a scam to gain money and then run off without getting caught. The best way to engage in a debt consolidation company is through the feedback from other customers or recommendation from friends and family. You can also make a background check of the companies available to see which is more credible and worth the trust.

Often, bankers offer the same services as well. You just need to keep on shopping for the right plan in order to free yourself from all the loans you have. If you have taken the wrong step or plans, you might end up with more loans rather than having a debt free life. Which is why you can never rush into an unknown debt consolidation plan as it is dangerous to do so. Consult a professional when you want a debt consolidation plan and seek help from any credit management experts to make sure that you are making the right choice in your life to manage your loans and debts.

There is no harm in getting debts resolved when you are simply over burdened. There is no way you can settle your debt overnight but with the help of debt consolidation, at least you can be free from debt within the shortest time, that is if you don't engage in other loans until you have paid off your debt. Filing for bankruptcy is the last resort because the consequences are too much to bear. You have no idea how hard it is going to be if you declare a bankruptcy. At least initially, your freedom will definitely be limited. Remember, there are first step options before you attempt to file for bankruptcy.

Online Debt Consolidation - 3 Tips That You Can Use to Find the Best Lender

This is something that more and more homeowners needing to consolidate their debts are looking into... online debt consolidation. It only makes sense to them to begin searching online for a good lender to do business with. There are also many different reasons that these people choose to work with an online lender rather than going to their local bank(s) and asking there. As almost all businesses and lenders have a website online anyway, this is simply an easier way to get more business and help them serve their existing customers and clients even better. Look for these 3 things when you are checking out the lenders online: Plenty of Information Available, Contact Information and Useful Articles to Read.

Plenty of Information Available

This is something that you must be able to see right upfront on the lender's website... information about the current and going interest rates, the points charged as part of your loan package and all other pertinent information that has anything to do with online debt consolidation. While there is a great deal of information that you can find online if you were to type that term into a search engine, it may not be the information that you are really needing or even looking for. If you are looking for articles and blog posts about this subject; that is something else altogether and probably is not what you were looking for at the moment.

Contact Information

Let's face it, you need to know how to get in contact with the lender that you finally choose to handle your online debt consolidation loan! If you do not have any way to contact them besides e-mail... this will really slow this process down a great deal. You need to be looking for the lender's/company's telephone and fax numbers as well as their mailing address so that you can make sure that they are real. It is very sad to have to say that; but with all of the fraud going on these days, you really need to protect yourself. This also helps to speed the process along when you can phone the agent and ask questions; as well as fax the documents to them that they need.

Useful Articles to Read

Believe it or not, having plenty of good quality articles that are useful and informative has often made the difference when it comes to which lender people choose to work with in terms of online debt consolidation. When lenders are able to give these homeowners the type of good, quality information that they are looking for about this subject, the homeowner is more likely to want to work with them. This also holds true for blog posts about debt consolidation too. The more useful information that you give the homeowner seeking your services; the more likely they are to want to work with you.

The Three Keys to Debt Consolidation Help

Debt consolidation help comes in many forms these days, and you may find that you have so many debt consolidation options that you have no idea which way to turn. The entire personal finance industry can be a confusing and intimidating arena, especially for those who have very little experience or knowledge of loans and lending choices. You may want to turn to a financial advisor for help in sorting out your personal finances. But if you've decided that you want to consolidate your debts and are actively looking for debt consolidation help, here are three important things to keep in mind:

1) Beware of consolidation loans that provide lower payments but higher interest rates than you're currently paying. Some companies providing loans for debt consolidation help you by lowering your monthly payments, but charge you a higher overall interest rate than your existing loans or credit cards, and then stretch your payments over a long period of time. When all is said and done, if you add up the total payments over the life of the loan, you'll find that you will end up paying twice as much -- or more -- than if you'd found another way to pay down those existing loans.

3) Be careful when transferring credit card balances. These days many credit card companies offer debt consolidation help through the means of a balance transfer option. Essentially, the card company offers you a lower rate provided you transfer balances from other higher-rate credit cards to your new account. While the rate may be initially lower, you should find out if that low APR is only a short-term rate designed to entice you to move your money. In some cases those initial rates expire just a few months down the line and then later balloon unexpectedly.

3) Try and find a secured loan. If you need debt consolidation help you may find that your best friend is your home. A home equity loan provides an attractive alternative to unsecured, high-rate loans that stretch out your payments over years but, in the end, cost you more money. Home equity loans almost always offer lower interest rates than other types of loans which are granted with no collateral, because the lender is accepting less risk. Oh, and when it comes to equity, don't forget your car. If you have a later model vehicle that has a low remaining loan balance or is paid off completely, you may consider asking for debt consolidation help through auto refinancing. In most cases, a loan secured by a vehicle will also offer a lower rate than other types of unsecured loans.

Debt consolidation help is available in today's financial world, but before you jump in, remember to think carefully. You should beware long-term high rate consolidation loans, be wary when approached with an offer for low-rate credit card balance transfers, and consider the possibility of using equity in your home or vehicle.

Debt Consolidation Loans - An Easy Way to Pay Off Debts

Debt consolidation loans continue to serve as an effective means to reduce debt at a much lower interest rate. It is mainly good for home-owners as well as renters. Monthly savings can be increased by minimising long term debt burdens by the proper use of this loan. The interest rates offered by credit cards have been rising so far. But it has been noticed that mortgage rates have dropped considerably. Under such a circumstance this loan has proved to be effective.

Many companies are, nowadays, offering this type of loan to people. There are several advantages of it. In presence of competition, the companies do realise that interest rates and administration fees are crucial factors, in order, to attract more customers. So, they do provide loans on high risk basis. This really consolidates the immediate needs of people. Thus borrowers can easily identify such a loan though the interest charged on them may be quite high.

People, nowadays, go ahead with the debt consolidation loan, as they do not want to keep any backlogs. Everything needs to be cleared up soon and the best method for it is to find such loans. People all over the world are finding it increasingly beneficial to use this loan so as to pay off interest and returns of their pending loans. The consolidation loans help to either completely clear up high interest loans or reduce the monthly payments to a reasonable amount. All these with the aid of debt consolidation.

Applications for this loan can also be forwarded online. People can easily make good use of the internet so as to get the best loan possible. Banks and financial organisations have also launched their own websites so as to help people find such loans with ease. The online service not just saves time, but it is definitely a good means to help people find the services that are the best. Information about the various websites that offer this loan is available on the internet. It is found that such websites help people meet their financial needs whenever the need arises.

Moreover, applications for the loan can be placed at any point of time. It does not matter even if the person is abroad. Online applications can be filed any point of time and users can easily benefit from the loans so as to clear their debts.