Monday, April 16, 2007
Consolidate Debt Now.
Are you behind on your bills? Are you making just the minimum payments? Are creditors calling you asking where there payments are? Well debt consolidation can help you get out of this financial situation that you may be in. Consolidate debt into one low monthly payment.
What is debt consolidation you may ask. Well what it does is consolidates your debt into one low monthly payment. You make one payment to a debt company and they then disburse to your creditors for you. Also they will negotiate with your creditors to get you lower interest rates and well and maybe even eliminate late fees.
Consolidate debt, this can help you financially. No more bills piling up, no more harassing calls, and in the end of course no more debt. So when you are on a debt consolidation program you can consolidate your unsecured debts like credit cards NOT secured debt like car loans or mortgages.
Consolidate your debt and get out of the financial situation that you may be in today.
Are you behind on your bills? Are you making just the minimum payments? Are creditors calling you asking where there payments are? Well debt consolidation can help you get out of this financial situation that you may be in. Consolidate debt into one low monthly payment.
What is debt consolidation you may ask. Well what it does is consolidates your debt into one low monthly payment. You make one payment to a debt company and they then disburse to your creditors for you. Also they will negotiate with your creditors to get you lower interest rates and well and maybe even eliminate late fees.
Consolidate debt, this can help you financially. No more bills piling up, no more harassing calls, and in the end of course no more debt. So when you are on a debt consolidation program you can consolidate your unsecured debts like credit cards NOT secured debt like car loans or mortgages.
Consolidate your debt and get out of the financial situation that you may be in today.
Thursday, March 29, 2007
Debt Statistics
Below are some debt statistics that you may find interesting to read.
- Almost one out of every 100 households in the United States will file for bankruptcy.
- Out of all card holders within the U.S., 51% are females
- 43% of U.S. families spend more than they earn.
- Only 2% of homes in America are paid for 92% of U.S. family disposable income is spent on paying debts.
- Making minimum payments on a credit card with a $4,800 balance, at 17% interest would take 39 years and seven months to pay off. Paying $10,818.63 in interest alone, and a total of $15,619 for the privilege of charging the $4,800.
- Approximately 46% of all Americans have less than $10,000 saved for retirement. 39% of Americans are concerned about their ability to achieve their desired retirement lifestyle.
- An $8,000 debt at 18% interest will take over 25 years to repay and cost over $24,000 in the long run.
- The average American household has 13 charge cards. There are 1.3 billion payment cards in circulation in the United States.
- Americans made $1.1 Trillion worth of credit card purchases in 1999.
- Americans carry, on average, $5,800 in credit card debt from month to month. If one were to make only the minimum payment on that debt every month, it would take 30 years to pay off - and include an additional $15,000 in interest.
- According to the American Bankruptcy Institute, 391,873 people filed for bankruptcy in the third quarter of 2002.
- On average the typical credit card purchase is 112% higher than if using cash.
- 96% of all Americans will retire financially dependent on the government, family, or charity
Tuesday, February 20, 2007
How do you know if your debt is out of control?
Below are signs that may indicate that you are having a financial problem: If you
* You only make the minimum payments on your credit cards each month.
* You let monthly bills go unpaid for a few days or even weeks.
* You don't have any savings or emergency funds available. You take out loans to make ends meet and pay off bills.
* You buy everyday items and pay bills with your credit cards and rarely use cash.
* You have more than two credit cards with very high balances and struggling to pay them.
* You have no money left over each month after your bills are all paid.
* You maxed out all of your credit cards.
* You don't know how much you owe to each your credit cards cause the balances are getting out of control.
* You are charging more on your credit cards than you pay to them each month.
* You have been declined for credit when you have applied.
* You bounce checks often each month.
* Your creditors call you looking for payment cause you cant afford to pay your bills.
* You hide your spending and the credit card statements from your spouse or other half.
If any of the above are true about your finances, you need to realize that you may have a financial problem and you may only have one way out try a
A free Debt Consolidation Quote
One thing you should do is get rid of those cards right now. Do not use them anymore. You should set financial goals and try and reach them. You will never want to charge again when you see what it is really costing you. Take action against your debt situation NOW. Our program may be able to assit you in getting out of debt today and on the road to financial freedom
Below are signs that may indicate that you are having a financial problem: If you
* You only make the minimum payments on your credit cards each month.
* You let monthly bills go unpaid for a few days or even weeks.
* You don't have any savings or emergency funds available. You take out loans to make ends meet and pay off bills.
* You buy everyday items and pay bills with your credit cards and rarely use cash.
* You have more than two credit cards with very high balances and struggling to pay them.
* You have no money left over each month after your bills are all paid.
* You maxed out all of your credit cards.
* You don't know how much you owe to each your credit cards cause the balances are getting out of control.
* You are charging more on your credit cards than you pay to them each month.
* You have been declined for credit when you have applied.
* You bounce checks often each month.
* Your creditors call you looking for payment cause you cant afford to pay your bills.
* You hide your spending and the credit card statements from your spouse or other half.
If any of the above are true about your finances, you need to realize that you may have a financial problem and you may only have one way out try a
A free Debt Consolidation Quote
One thing you should do is get rid of those cards right now. Do not use them anymore. You should set financial goals and try and reach them. You will never want to charge again when you see what it is really costing you. Take action against your debt situation NOW. Our program may be able to assit you in getting out of debt today and on the road to financial freedom
Thursday, January 25, 2007
Debt Problems can get worse
Balance Transfers can be bad
Transferring the balances of your high interest cards to lower interest rate credit cards may seem like an effective way, but this easy way out may be a good idea gone wrong. Transferring a balance onto a credit card with a low introductory interest rate can potentially save you money on interest if you STOP from charging on it and focus on paying off the balance before that introductory rate expires most of these rates are for a limited time and then go up to a much higher rate. But then again most people continue to charge on the new credit card and then dig themselves into a financial hole with more debt once the lower interest rate is over. One thing to look
into is that new purchases may pull an altogether different interest rate than the introductory rate. You must read the fine print very carefully.
Why Check Your Credit Report
You should pull your credit report at least once if not twice a year and make sure it has no errors on it. Taking off these errors can be crucial for getting better interest rates and even stopping identity thief from ruining your credit rating. Your credit report also affects your credit score, which determines how high your interest rates will be on future loans that you may need, like a mortgage or car loan. The Fair Credit Reporting Act allows for the correction or deletion of inaccurate, outdated or unverifiable information, provided that a reinvestigation into the disputed data sides in your favor. Unfortunately, negative but truthful data must stay put. A Chapter 7 bankruptcy filing, for instance, will remain on your credit report for 10 years, a Chapter 13 for seven years.
Charging Instead of Using Cash
Have you ever charged for services or merchandise when you had the money to pay with cash or debit? Purchases of $20 and $30 made several times a week over and over can add up quickly. Balances you can't pay off each month mean paying interest charges and, subsequently, more money for items you could have bought outright, interest free.
Consolidate your debt with our program and not worry about trying balance transfers any more. Debt Consolidation Quote
Balance Transfers can be bad
Transferring the balances of your high interest cards to lower interest rate credit cards may seem like an effective way, but this easy way out may be a good idea gone wrong. Transferring a balance onto a credit card with a low introductory interest rate can potentially save you money on interest if you STOP from charging on it and focus on paying off the balance before that introductory rate expires most of these rates are for a limited time and then go up to a much higher rate. But then again most people continue to charge on the new credit card and then dig themselves into a financial hole with more debt once the lower interest rate is over. One thing to look
into is that new purchases may pull an altogether different interest rate than the introductory rate. You must read the fine print very carefully.
Why Check Your Credit Report
You should pull your credit report at least once if not twice a year and make sure it has no errors on it. Taking off these errors can be crucial for getting better interest rates and even stopping identity thief from ruining your credit rating. Your credit report also affects your credit score, which determines how high your interest rates will be on future loans that you may need, like a mortgage or car loan. The Fair Credit Reporting Act allows for the correction or deletion of inaccurate, outdated or unverifiable information, provided that a reinvestigation into the disputed data sides in your favor. Unfortunately, negative but truthful data must stay put. A Chapter 7 bankruptcy filing, for instance, will remain on your credit report for 10 years, a Chapter 13 for seven years.
Charging Instead of Using Cash
Have you ever charged for services or merchandise when you had the money to pay with cash or debit? Purchases of $20 and $30 made several times a week over and over can add up quickly. Balances you can't pay off each month mean paying interest charges and, subsequently, more money for items you could have bought outright, interest free.
Consolidate your debt with our program and not worry about trying balance transfers any more. Debt Consolidation Quote
Thursday, November 09, 2006
Debt Consolidation - Do you need Help?
Are you one of those people that are in way to deep when it comes to debt but just don't know it yet? Are you one of those people that don't have enough money to pay the bills without juggling things around? Are you one of those people that can't buy groceries. Are you one of those people that say they will start saving for retirement tomorrow, not realizing that tomorrows add up to too late?
There are plenty of people out there that have a mortgage and an auto loan and are managing their debt wisely. They have no credit cards. And in return, they have less stress when it comes to finances. Some people are even strong enough to have a credit card and pay it off in full each month.
But many people out there are not that strong.
How do you know if your debt is out of control? Below may be some signs that you are having financial problems:
* You only make the minimum payments on your credit cards.
* You let bills slide for a few days or even a week.
* You don't have any savings or emergency funds available. You may take out loans to make ends meet.
* You buy everyday items and pay bills with your credit cards and hardly use cash.
* You have more than two credit cards with very high balances.
* You have no money at the end of the month after your bills are paid.
* You have maxed out your credit card(s).
* You don't even know how much you owe your credit cards.
* You are charging more than you are paying each month.
* You have been declined for credit.
* You bounce checks often.
* Your creditors call you looking for payment.
* You hide your spending and the credit card statements from your spouse.
If any of the above are true about your finances, you need to realize that you are in debt trouble. Right now. You are in over your head.
Get A free Debt Consolidation Quote
You need to re-think your finances and change your financial ways as soon as you can. It isn't worth the stress having that financial burden. you should start taking steps to paying off your debt and take control of your situation. Money shouldn't control you, you control the money.
Start with listing all of your debts. Be honest and list everything. Include interest rates, monthly payments and balance due. This will let you see exactly where you stand financially.
Next you should create a budget. This may take a month or two to get budget worked out. Look at it closely to find ways you can trim your spending and pay down your debt. You may find that you have to sell something or get a second job to get started.
One thing you should do is get rid of those cards right now. Do not use them anymore. You should set financial goals and try and reach them. You will never want to charge again when you see what it is really costing you. Take action against your debt situation NOW.
Get A free Debt Consolidation Quote
Are you one of those people that are in way to deep when it comes to debt but just don't know it yet? Are you one of those people that don't have enough money to pay the bills without juggling things around? Are you one of those people that can't buy groceries. Are you one of those people that say they will start saving for retirement tomorrow, not realizing that tomorrows add up to too late?
There are plenty of people out there that have a mortgage and an auto loan and are managing their debt wisely. They have no credit cards. And in return, they have less stress when it comes to finances. Some people are even strong enough to have a credit card and pay it off in full each month.
But many people out there are not that strong.
How do you know if your debt is out of control? Below may be some signs that you are having financial problems:
* You only make the minimum payments on your credit cards.
* You let bills slide for a few days or even a week.
* You don't have any savings or emergency funds available. You may take out loans to make ends meet.
* You buy everyday items and pay bills with your credit cards and hardly use cash.
* You have more than two credit cards with very high balances.
* You have no money at the end of the month after your bills are paid.
* You have maxed out your credit card(s).
* You don't even know how much you owe your credit cards.
* You are charging more than you are paying each month.
* You have been declined for credit.
* You bounce checks often.
* Your creditors call you looking for payment.
* You hide your spending and the credit card statements from your spouse.
If any of the above are true about your finances, you need to realize that you are in debt trouble. Right now. You are in over your head.
Get A free Debt Consolidation Quote
You need to re-think your finances and change your financial ways as soon as you can. It isn't worth the stress having that financial burden. you should start taking steps to paying off your debt and take control of your situation. Money shouldn't control you, you control the money.
Start with listing all of your debts. Be honest and list everything. Include interest rates, monthly payments and balance due. This will let you see exactly where you stand financially.
Next you should create a budget. This may take a month or two to get budget worked out. Look at it closely to find ways you can trim your spending and pay down your debt. You may find that you have to sell something or get a second job to get started.
One thing you should do is get rid of those cards right now. Do not use them anymore. You should set financial goals and try and reach them. You will never want to charge again when you see what it is really costing you. Take action against your debt situation NOW.
Get A free Debt Consolidation Quote
Friday, October 27, 2006
Debt Management Services Can Help You Out of Your Financial Hole
Do you feel overwhelmed by the amount of debt you owe? Do you lie awake at night wondering how you will pay the rent, the car payment or the mortgage. Do you worry constantly about having enough money? Are you constantly being harassed by bill collectors? If you answered yes to any of those questions, you may be able to benefit greatly from the services of our debt consolidation company.
It is not hard to understand why so many people find themselves deeper and deeper in debt. Real wages have been falling for years, and prices have been on the rise. With this formula, it is surprising that more people are not having problems with debt. Fortunately, our debt management company stands ready to help consumers who are overwhelmed by what they owe.
Many people who are in debt over their heads contemplate declaring bankruptcy, but this is often not a good option. A bankruptcy filing will stay on your record for many years, and in some cases the consumer is still required to pay back a substantial portion of what is owed. Debt management companies specialize in showing their clients how to negotiate with their creditors and pay back what is owed in a way that is affordable to them and acceptable to the creditors.
We work for you not the creditors. The same bank or credit card company that said no to the consumer may well say yes to the debt management company. This is because the debt management service will have demonstrated a level of sophistication and success that allows the creditors to have confidence that they will get their money, while at the same time allowing the debtor to pay the money they owe on a schedule they can live with.
If you feel overwhelmed by your level of debt and if you are considering a bankruptcy filing, you owe it to yourself to at least sit down and talk to one of our debt counselor first. It may be the smartest move you ever make.
Do you feel overwhelmed by the amount of debt you owe? Do you lie awake at night wondering how you will pay the rent, the car payment or the mortgage. Do you worry constantly about having enough money? Are you constantly being harassed by bill collectors? If you answered yes to any of those questions, you may be able to benefit greatly from the services of our debt consolidation company.
It is not hard to understand why so many people find themselves deeper and deeper in debt. Real wages have been falling for years, and prices have been on the rise. With this formula, it is surprising that more people are not having problems with debt. Fortunately, our debt management company stands ready to help consumers who are overwhelmed by what they owe.
Many people who are in debt over their heads contemplate declaring bankruptcy, but this is often not a good option. A bankruptcy filing will stay on your record for many years, and in some cases the consumer is still required to pay back a substantial portion of what is owed. Debt management companies specialize in showing their clients how to negotiate with their creditors and pay back what is owed in a way that is affordable to them and acceptable to the creditors.
We work for you not the creditors. The same bank or credit card company that said no to the consumer may well say yes to the debt management company. This is because the debt management service will have demonstrated a level of sophistication and success that allows the creditors to have confidence that they will get their money, while at the same time allowing the debtor to pay the money they owe on a schedule they can live with.
If you feel overwhelmed by your level of debt and if you are considering a bankruptcy filing, you owe it to yourself to at least sit down and talk to one of our debt counselor first. It may be the smartest move you ever make.
Tuesday, October 17, 2006
Identity Theft - Their Opportunities Are Your Everyday Transactions
In the course of a busy day, you may write a check at the grocery store, charge tickets to a ball game, rent a car, mail your tax returns, call home on your cell phone, order new checks or apply for a credit card. Chances are you don't give these everyday transactions a second thought. But someone else may.
Click here for your free debt consolidation quote now!
The 1990's spawned a new variety of crooks called identity thieves. Their stock in trade are your everyday transactions. Each transaction requires you to share personal information: your bank and credit card account numbers; your income; your Social Security number (SSN); and your name, address and phone numbers. An identity thief co-opts some piece of your personal information and appropriates it without your knowledge to commit fraud or theft. An all-too-common example is when an identity thief uses your personal information to open a credit card account in your name.
The Internet, Identity Theft & Prevention
How can someone steal your identity? By co-opting your name, Social Security number, credit card number, or some other piece of your personal information for their own use. In short, identity theft occurs when someone appropriates your personal information without your knowledge to commit fraud or theft.
Here are some ways that identity thieves work:
* They open a new credit card account, using your name, date of birth, and Social Security number. When they use the credit card and don’t pay the bills, the delinquent account is reported on your credit report.
* They call your credit card issuer and, pretending to be you, change the mailing address on your credit card account. Then, your imposter runs up charges on your account. Because your bills are being sent to the new address, you may not immediately realize there's a problem.
* They establish cellular phone service in your name.
* They open a bank account in your name and write bad checks on that account.
Internet Account Updates
If you receive an e-mail request that appears to be from your Internet Service Provider (ISP) stating that your "account information needs to be updated" or that "the credit card you signed up with is invalid or expired and the information needs to be reentered to keep your account active," do not respond without checking with your ISP first.
Click here for your free debt consolidation quote now!
Identity Theft - Case Study
It’s easy for Identity Thieves to get your personal information and use it to ruin your credit. There are laws to protect you, but what happens when the authorities won’t go after these Identity Thieves? One woman whose name will remain anonymous found out the hard way. She contacted a local television station, shared her frustrations and what the news team shared with her made her even more furious and shocked, and you would be too if you found a letter with your name on it in the mail slot of someone who you think stole your identity.
"I am fired up at this time and very angry. That I feel like I could choke her" said Jane. Jane, a school librarian, mother of three stated: "I am very careful. I don’t throw anything away. I don’t have a computer and use the Internet and I actually burn my mail in a big grill."
So imagine her surprise when she got a message from Chase stating that someone was using her good name. "They told me that someone had applied for a credit card over the telephone using my name, my social security number, and my address. And, it didn’t end with a credit card." Said Jane. "The woman also got a telephone account and tried to buy a computer. She could have even gotten some others that I don’t even know about because, there are other little cards out there that they just give away."
Jane managed to locate the woman’s name and address and filed a report with local authorities. Authorities told her there was nothing they could do. Jane decided to take things into her own hands and invited the news team along as she and her family went to confront the Identity Theft. The woman wasn’t home, but Jane did make a disturbing find -- a cellular wireless bill was in the Identity Thefts mailbox with Jane’s name -- yet another account she’ll have to cancel.
Click here for your free debt consolidation quote now!
The news team has left messages and gone back to the city to try and contact the identity theft with no avail. But, here’s a question to ponder: Why is this television news team the ones helping Jane clear her good name and not the authorities? "We do the best we can." Said the police. The Police department would not talk about Jane’s case, saying only that it’s an active investigation, and they say, these cases are hard to prove because the credit card companies will not pursue them. "If the issuing bank or company makes a decision that they would rather write off the loss, then there’s not much more we can do with that because they hold all the necessary data to process the case." Said Laurick Ingram with Miami-Dade Police.
Identity Theft - Additional Precautions
Sounds discouraging? Yes it is. BUT, there are things that you need to do immediately after you are made aware that your Identity has been stolen:
1. File a police report. Even though law enforcement say it’s difficult to make a case, your banks, credit card companies and who ever you conduct business with will need this as proof that a crime has taken place.
2. Immediately Contact all three major credit bureaus, so they can put a fraud alert in your file.
3. Contact the creditors or companies for any accounts that have been tampered with or opened fraudulently.
In the course of a busy day, you may write a check at the grocery store, charge tickets to a ball game, rent a car, mail your tax returns, call home on your cell phone, order new checks or apply for a credit card. Chances are you don't give these everyday transactions a second thought. But someone else may.
Click here for your free debt consolidation quote now!
The 1990's spawned a new variety of crooks called identity thieves. Their stock in trade are your everyday transactions. Each transaction requires you to share personal information: your bank and credit card account numbers; your income; your Social Security number (SSN); and your name, address and phone numbers. An identity thief co-opts some piece of your personal information and appropriates it without your knowledge to commit fraud or theft. An all-too-common example is when an identity thief uses your personal information to open a credit card account in your name.
The Internet, Identity Theft & Prevention
How can someone steal your identity? By co-opting your name, Social Security number, credit card number, or some other piece of your personal information for their own use. In short, identity theft occurs when someone appropriates your personal information without your knowledge to commit fraud or theft.
Here are some ways that identity thieves work:
* They open a new credit card account, using your name, date of birth, and Social Security number. When they use the credit card and don’t pay the bills, the delinquent account is reported on your credit report.
* They call your credit card issuer and, pretending to be you, change the mailing address on your credit card account. Then, your imposter runs up charges on your account. Because your bills are being sent to the new address, you may not immediately realize there's a problem.
* They establish cellular phone service in your name.
* They open a bank account in your name and write bad checks on that account.
Internet Account Updates
If you receive an e-mail request that appears to be from your Internet Service Provider (ISP) stating that your "account information needs to be updated" or that "the credit card you signed up with is invalid or expired and the information needs to be reentered to keep your account active," do not respond without checking with your ISP first.
Click here for your free debt consolidation quote now!
Identity Theft - Case Study
It’s easy for Identity Thieves to get your personal information and use it to ruin your credit. There are laws to protect you, but what happens when the authorities won’t go after these Identity Thieves? One woman whose name will remain anonymous found out the hard way. She contacted a local television station, shared her frustrations and what the news team shared with her made her even more furious and shocked, and you would be too if you found a letter with your name on it in the mail slot of someone who you think stole your identity.
"I am fired up at this time and very angry. That I feel like I could choke her" said Jane. Jane, a school librarian, mother of three stated: "I am very careful. I don’t throw anything away. I don’t have a computer and use the Internet and I actually burn my mail in a big grill."
So imagine her surprise when she got a message from Chase stating that someone was using her good name. "They told me that someone had applied for a credit card over the telephone using my name, my social security number, and my address. And, it didn’t end with a credit card." Said Jane. "The woman also got a telephone account and tried to buy a computer. She could have even gotten some others that I don’t even know about because, there are other little cards out there that they just give away."
Jane managed to locate the woman’s name and address and filed a report with local authorities. Authorities told her there was nothing they could do. Jane decided to take things into her own hands and invited the news team along as she and her family went to confront the Identity Theft. The woman wasn’t home, but Jane did make a disturbing find -- a cellular wireless bill was in the Identity Thefts mailbox with Jane’s name -- yet another account she’ll have to cancel.
Click here for your free debt consolidation quote now!
The news team has left messages and gone back to the city to try and contact the identity theft with no avail. But, here’s a question to ponder: Why is this television news team the ones helping Jane clear her good name and not the authorities? "We do the best we can." Said the police. The Police department would not talk about Jane’s case, saying only that it’s an active investigation, and they say, these cases are hard to prove because the credit card companies will not pursue them. "If the issuing bank or company makes a decision that they would rather write off the loss, then there’s not much more we can do with that because they hold all the necessary data to process the case." Said Laurick Ingram with Miami-Dade Police.
Identity Theft - Additional Precautions
Sounds discouraging? Yes it is. BUT, there are things that you need to do immediately after you are made aware that your Identity has been stolen:
1. File a police report. Even though law enforcement say it’s difficult to make a case, your banks, credit card companies and who ever you conduct business with will need this as proof that a crime has taken place.
2. Immediately Contact all three major credit bureaus, so they can put a fraud alert in your file.
3. Contact the creditors or companies for any accounts that have been tampered with or opened fraudulently.
