Ten Ways to Reduce Debt
by Michael Geoffrey Debt reduction requires good planning and great financial discipline. Here are ten steps that can reduce your debt: 1 ... a debt consolidation loan. If you are a member of a credit union you may find they offer better ... to encourage you to transfer your balances to their credit card. However, beware of missed or late payments [more...]
Date: 2008-11-24 22:33:22
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Paying Down Debt In Your Marriage
Debt can be a real strain on any marriage. Today we’ll take a look at how you can work with your spouse to reduce debt together ... accumulate credit card debt. Before you know it, you’ve racked up $50k in consumer debt, not including ... such as an unexpected medical expense or car repair. Don’t skip step 1! It’s #1 for a reason. Step [more...]
Date: 2008-09-08 13:12:49
The Best Online Debt Cures
Hello- If the thought of talking to a credit counselor giving them all your personal information sounds frightening to you, ... is one of the fastest ways to reduce your credit card balances without filing bankruptcy. Many people ... in credit card debt, they can help you reduce your balances by up to 50% or more. Take a look [more...]
Date: 2009-01-08 02:17:08
Debt Elimination Tips: How To Reduce Debt With These Do’s and Don’ts
My own debt elimination tips and thoughts on how to reduce debt. I’ve learned from my mistakes so I hope you do as I say, not as I did. In the mid- to late-’90’s, I made accumulating credit card debt something of a hobby. It wasn’ ... , by the end of 1998 I had nearly $25,000 in debt and not a darn thing to show for it. I knew I needed [more...]
Date: 2008-12-12 23:58:35
Needing Help!!
As I have mentioned in my earlier posts that I am now having a major difficulty in handling my credit card bills ... consolidate their credit card debts and also reduce interests; thus giving each families ... of not sending us money, I already incurred over dues and consistent follow-up calls from credit card [more...]
Date: 2008-06-23 11:44:44
Can Debt Consolidation Help To Overcome Credit Card Debts?
Are you looking for some inside information on being sued for debt? Here’s an up-to-date report from debt consolidation experts who should know. A debt consolidation loan enables you to reduce these high payments and avoid expensive loan penalties. Creditors will give customers with a good credit history a better rate to keep their business. Once you have rates as low, target the cards with the highest rates first, then work your way down the list. [more...]
Date: 2009-09-19 12:42:52
Can Debt Consolidation Help To Overcome Credit Card Debts?
Are you looking for some inside information on being sued for debt? Here’s an up-to-date report from debt consolidation experts who should know. A debt consolidation loan enables you to reduce these high payments and avoid expensive loan penalties. Creditors will give customers with a good credit history a better rate to keep their business. Once you have rates as low, target the cards with the highest rates first, then work your way down the list. [more...]
Date: 2009-09-16 18:49:56
More Article about Debt Consolidation
Credit cards and medical bills are all unsecured with no leverage on your home till such time as you make the mistake of a debt consolidation loan ... that you pay the credit counselor each month. Credit counseling services help individuals regain control over their finances by helping them reduce their debt in various ways. These services often serve [more...]
Date: 2009-01-03 09:06:04
CITI Drops Opposition to Cramdown; May Help Homeowners to Avoid Foreclosure
Citigroup and key Senate members reached an agreement on Thursday that will bring the Helping Families Save Their Homes in Bankruptcy Act one step ... can be reduced by the court including credit card debt and, ironically, mortgage debt on vacation homes ... closer to passage. The proposed law, introduced by Senator Durbin (D-IL) in the Senate and Rep [more...]
Date: 2009-01-11 15:27:40
Financial Statement Basics - Overview
The Only difference between Rich and everyone else is that, Rich know how to read Financial Statements and how to analyze them ... , Reducing expenses, Debt reduction, Credit card debt elimination, Spend less than you earn and every [more...]
Date: 2009-01-13 17:24:00
Practical Guide On Debt Consolidation
by Don Pedro Debt consolidation is a way to manage or even reduce the amount of debt someone has ... about your loans, interests, credit card debt, card information, your monthly income ad ... moderates the program and he deals with all other creditors on behalf of you. A proper debt consolidation [more...]
Date: 2008-12-27 10:39:46
Patching up shortfalls can mean postponing retirement savings
This Michelle Singletary column on the Washington Post website has answers to a few readers’ questions regarding debt and debt reduction ... when the credit card balances start going up. I think this would especially hurt someone ... . And if there’s debt to be reduced, then this is even a stronger reason for not investing. [more...]
Date: 2008-12-27 04:59:43
Credit Spiral
So, say you’ve had a good relationship with a credit card company and been paying off substantially more than minimum payment over recent months ... from the credit card company saying they’re reducing your credit limit, right before Christmas. Would ... of our house leading to a less positive debt ratio report from a credit rating agency [more...]
Date: 2008-11-26 19:39:28
Debt-Financed Consumer Spending Spree?
From the Wall Street Journal article "Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic Woes": ... " and you get 600 results, and for "credit card nation" you get almost 400 results. But the consumer debt data ... Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped [more...]
Date: 2009-01-08 14:56:00
Fab Five - A Simple Holiday Edition
A few members of The Life Skills Network put together an outstanding resource around the theme of simplifying the holidays ... , to the Benefit of Cardholders. A vote this Thursday could eliminate such credit card nastiness as double ... : Breathe (@Simple Mom) Debt Elimination Tips: How To Reduce Debt With These Do’s and Don’ts. Enjoyed [more...]
Date: 2008-12-17 19:00:46
The Paradox of Thrift
Has the economy scared you into cutting back on your spending, paying down your credit cards, getting your budget in order? ... couple profiled in the Journal story: Rick and Noreen Capp recently reduced their credit-card debt ... with that? Haven’t consumers been told they need to be more responsible about debt and spending - the lesson [more...]
Date: 2009-01-06 14:12:53
I don’t like debt
Piling of debts can lead to dangerous and often shameful situation. It’s very hard for me to handle more than one debt ... that are searching nor looking a reliable and excellent provider of debt consolidation? No Debt Today group all your credit card payments into a much reduced, onetime payment or they arrange [more...]
Date: 2008-11-24 11:04:56
Cheap is the new black
From the Wall Street Journal: Hard-Hit Families Finally Start Saving, Aggravating Nation’s Economic Woes Rick and Noreen Capp recently reduced their credit-card debt ... s what economists call the “paradox of thrift.” U.S. household debt, which has been growing steadily since [more...]
Date: 2009-01-06 11:35:39
Debt Settlement Attorney – Get Adequate Representation
If you are looking to reduce or eliminate debt without declaring bankruptcy, you may be well served if you hire a debt settlement attorney. These lawyers are specialists in negotiating with creditors to not only get them to accept a feasible settlement plan, but also to do things like remove negative marks from your credit report, reduce or eliminate penalty fees, and make other such concessions. [more...]
Date: 2009-09-20 06:02:32
This sounds less bad
I doubt anyone can know how much it might help, but the desperation apparent in this move should be obvious. From Bloomberg: The U.S ... and college education while also reducing the cost of credit-card debt. If we really need ... it improves auto sales much. Maybe people pay off some credit cards and take some classes [more...]
Date: 2008-11-25 05:46:00
Understanding Rights Issues
Photo by micsalac There have been a spate of rights issues by listed companies recently ... that they require more funds. There is also the problem of existing credit lines of companies being reduced ... to raise capital. Via debt or equity. Debt can be raised through bank borrowings or the issuing [more...]
Date: 2009-01-14 04:09:35
Financial Forecast for 2009, Considering Resource Limitations
In this post, I consider some major issues contributing to our current financial problems, before making a financial forecast for 2009. These are 1 ... from the bottom: Layer 1. Household Debt (Mortgages, auto loans, credit card debt, student loans ... debt-based financial system operating. 3. Where we are now, and the role reduced resources [more...]
Date: 2009-01-06 15:10:32
Debt Consolidation May Be A Option For You
With hard times everyone is going through in today’s market and almost everyone owing somebody, have you ever thought about debt consolidation? ... with credit card companies that she had no choice but debt settlement. By using Fast Debt Freedom Now, she was able to reduce her balances up to 50% and save thousands with unsecured debt consolidation [more...]
Date: 2008-10-02 14:15:00
You Can Implement your own Credit Repair
by Rob Kosberg One day you realize that you are in a serious personal financial disaster situation ... of your salary that goes for necessities such as mortgage, car loans, credit card payments, utilities, other loan ... . This is the income you can devote to reducing debt. Next, decide which loans and credit cards [more...]
Date: 2009-01-14 23:27:42
Debt Settlement, Bankruptcy and Credit Ratings
by Eric Jilson Debt is often one of the largest expenses people may have. Paying off a debt should always be of a higher priority than savings and investments. It makes perfect sense that reducing debt quickly will result in a better return to consumers than putting [more...]
Date: 2009-01-08 14:53:06
Getting Out of Debt Now and Improve Your Credit Rating
by Eric Jilson Debt is often one of the largest expenses people may have. Paying off a debt should always be of a higher priority than savings and investments. It makes perfect sense that reducing debt quickly will result in a better return to consumers than putting [more...]
Date: 2008-11-24 22:25:53
Debt Consolidation
Times are not easy. The salary doesn’t grow, but every day the bills to pay come in my mail box ... me in debt counselling and debt loans, in order to find a way of solving all this debts with a credit ... solution to may problem. I like de idea of reducing unsecure debt by up 50% and save $1000sAnd [more...]
Date: 2008-12-24 02:30:00
Paulson's $6 Billion Foot In The Door Play
The US Treasury continues to throw $billions around like peanut shells. Bloomberg is reporting Treasury to Buy $5 Billion GMAC Stake, Expand GM Loan ... in an e-mail.GMAC joins more than 190 regional banks, commercial lenders, insurers and credit-card issuers ... it has accepted all bonds tendered in a debt swap designed to reduce its debt load.“Once the [more...]
Date: 2008-12-30 05:04:00
A loophole wide enough to drive a GMC truck though
The Bush administration’s outline of its automaker bailout package lists some seemingly sensible changes in labor practices that GM and Chrysler need to make. (Ford, to its credit, is seeking private financing instead.) Targets: The terms ... of Congressional negotiations but did not come to a vote, including: Reduce debts by 2/3 via a debt [more...]
Date: 2008-12-19 16:41:00
Impact of Credit Crisis on the Energy Industry - Where Are We Now?
I recently looked through news articles to see which energy sectors were being affected by the credit crisis ... related problems. One is reduced access to credit, making new borrowing difficult for nearly every business that requires debt. Prices for all commodities have been dropping as well. At least part [more...]
Date: 2008-11-30 13:00:54
Debt Settlement Companies: Friend or Foe?
These days, lots of people are swimming in debt with nowhere to turn, no access to credit, and no liquidity, with their credit scores shot… and they’re wondering what to do next. Someone I know who is in this predicament just recently asked me for some input. I told them that there are various paths to the same end: to get rid of your debt or to reduce it to some extent. [more...]
Date: 2009-09-09 06:49:11
How I got rid of debts
I am going to write the pleasant experience that I had with debtconsolidation.com and how I was able to get rid of the debts with their help ... debtconsolidation.net. First they gave me a Credit Consolidation counselling and my case was forwarded to a debt analyser. He gave me several tips on how to reduce my debts. He asked me to follow his program [more...]
Date: 2008-11-21 06:15:13
Reduce Your Debt Significantly!
A careful study of your finances reveal to you a numbing reality that you are in debt, and deeply so! You just can’t pay all your bills ... the new card. The most common form of consumer debt is credit card debit. Another way ... of its obvious benefits, a bill consolidation loan is always very attractive. Debt consolidation [more...]
Date: 2008-11-29 18:07:42
3 Little Known Reasons To Stay Away From Debt Consolidation Loans
A debt consolidation loan is often said to be a good way to reduce your debt. The common theory is that you can lower your interest rate, particularly if you’re consolidating credit card debt, and wind up with a smaller payment. This theoretically lets you get the debt paid [more...]
Date: 2008-08-26 20:52:46
How can I reduce my debt & improve my situation?
I’m upside down in my house, have about $38k in CC debt. I make good money, but wanna try to find a faster way to recovery. Most the consolidators want my situation worse in order to make it better… & they all seem ... payments. i have about $38k in credit card debt… virtually all are 6-8% apr…. except [more...]
Date: 2009-01-05 13:34:34
Find debt consolidation nationwide!
How does payday loans actually work? Although having a loan is not a very welcome idea, the fact is that during emergency situations, ... when we urgently need to pay for our credit card bills, we did apply for a loan, lol! Good news ... have other services like debt consolidation refinance which provide debt settlement programs that reduce [more...]
Date: 2009-01-13 03:16:06
Credit Repair Tips and Tricks
The best part about finding a third party credit counselor to tackle your credit repair is that you won’t feel so alone ... a larger portion of your available credit. Last off, look at getting what is known as “good debt,” ... , you should work at boosting your score to at least 700. Reduce your credit card balances down [more...]
Date: 2008-11-24 18:27:25
debt debt debt
A debt consolidation company will allow you to make minimum monthly payments. But your principal amount will not be reduced ... have expected, but not stellar by any means. Oh, yeah — any credit card debt forgiveness counts as income ... payment options. Check out this debt settlement company who has helped me with the unsecured debt [more...]
Date: 2008-09-29 12:40:58
Top 5 ways to ease the strain on household finances
by katie George The onset of the global credit crunch across the UK last year, combined with the after effects of a series of interest rate rises, ... your debts. If you have a range of higher interest debt such as credit cards, store cards, and high ... consolidation loan, which can ease financial management as well as reduce your monthly outgoings. 2. [more...]
Date: 2008-12-15 21:12:10
Where Can I Find Debt Consolidation Information - And How Can I Get Started?
Millions of people find themselves in debt every year ... consolidate debt” and so forth. Depending on the state of your credit rating or credit score ... with you and your creditors to find solutions. Often a credit card company will agree to reduce the amount [more...]
Date: 2008-12-31 00:24:32
GM Proves There Is an Alternative to Bailouts
One of the top U.S. business stories Monday involved a Credit Suisse analyst predicting that ] could go to zero in its restructuring process. Which would mean that over $2bn of equity value could be wiped out as debt restructuring could ... , creditors would agree to haircuts on their principal.Which would reduce the debt burden and help [more...]
Date: 2008-12-23 15:30:21
Tell All Tuesday ~ Slowly Forward Edition
This past week, all I did directly towards reducing our debt was made my monthly car payment ... $21,414.50 Broken down into: Credit Card: PAID OFF 2/7/08 Student loan (at 7%): $11,084.68 Spouse ... about our future debt elimination strategy and I wanted to address it. Once my spouse’s student loan [more...]
Date: 2008-09-23 19:39:00
Learn about debt consolidation.
Debt consolidation alternatives can help you get out from under your overwhelming debt that so many Americans are feeling today and have been ... I know people who have just gotten out of credit card debt just a little while ago, and it was a struggle ... these hard times become easier. Their services include: # Reduce Balances up to 50% - Save [more...]
Date: 2008-12-18 01:57:44
Bill Consolidation
Bill Consolidation People have different ways of budgeting their money and it all stemmed up from the person’s attitude towards finance handling ... gadget, shopping online for your needs and using credit cards as your payment. Applying and getting ... ways to consolidate bills in a way that they’ll reduce your debt into one comfortable and convenient [more...]
Date: 2008-07-04 03:28:12
Debt relief Deals “attack on the confidence of consumers”
How’d you to your monthly credit card payments and loans - guaranteed? ... said Carol creditors can lower their interest rates. Carol, who can pay their credit card, mortgages ... rate or reduce the amount you are liable. But beware! Some of these programs are debt relief Scams [more...]
Date: 2008-07-18 10:38:03
The Impact of Marriage and Divorce on Your Finances
We joined Costco. And I’ve only been there 5 times in 8 days! Thanks for all your suggestions; we knew exactly what to look for. Now I just need to get my True Earnings Credit Card for Costco and I’ll be all set. Also ... What to give the new couple? Think twice before giving a gift card. Debt Reduction Five Tips for Reducing [more...]
Date: 2008-10-08 13:29:23
Debt Consolidation For Debt Free Life
I used to go out with one of my colleague a lot of times because our children are on the same age level. I never saw her used credit card whenever she purchased something. I thought for a while ... consolidation financial service. They help people in eliminating debt as fast as possible. They provide reduce [more...]
Date: 2008-10-10 19:44:13
Credit Card Settlement Can Trigger Tax
Credit card banks may offer settlement at a reduced amount if you get behind and fail to keep current on your payments. My colleague, Doug Jacobs, talks about Negotiating Your Credit Card Balance in an earlier series of articles on this website. However, if a bank or other finance company agrees to settle a debt [more...]
Date: 2008-09-07 00:48:44
How to Deleverage Balance Sheets
Bouncing around trading desks: Credit Suisse is using a novel approach to deleverage its balance sheet…using its illiquid assets to pay bonuses; ... its real! Credit Suisse Group AG’s investment bank has found a new way to reduce the risk of losses ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt [more...]
Date: 2008-12-18 19:00:02
Someone at Credit Suisse has a wicked sense of humor
It really is a thing of beauty (via Bloomberg): Credit Suisse Group AG's investment bank has found a new way to reduce the risk of losses from ... bonuses. The bank will use leveraged loans and commercial mortgage- backed debt, some of the securities ... compensation packages, people familiar with the matter said. The new policy applies only to managin [more...]
Date: 2008-12-18 22:08:35
