↓ Archives ↓

Congress Has Provided A Way For You To Get Relief From Your Debts By Eliminating Them

Congress passed a law to help people who are burdened with debt they can never repay. While people are living with this debt, they are also living with creditor harassment, possibly wage garnishments and always threatening calls. The mail box is full of letters demanding payment. The law which will help the debtors is the Chapter 7 Bankruptcy law. This law allows individuals and families needing Debt Relief to engage the services of an attorney to file a petition with the Bankruptcy Court to discharge all unsecured debts. There is no need to feel embarrassed at having to file for bankruptcy. After all Congress has instituted the process. Many people have lost their financial bearings after going through the Great Recession and finding jobs paying 80 percent of what they were earning.

When the petition is filed, all collection action on unsecured debts must stop including garnishments. Secured debts such as a payday loan or a mortgage cannot be eliminated through the bankruptcy process. A trustee is appointed by the bankruptcy court to review the list of debts and assets which the petitioner is required to file. Any asset of value such as an antique car will likely be sold by the trustee, and the proceeds from the sale will be used to pay creditors. Likewise, if a home has a lot of equity, then the trustee may force the sale of the home. This is not a frequent occurrence because most petitioners have nominal equity if any in their home.

Debt Relief through bankruptcy means that the debts will never have to be repaid either in full or in part. Petitioners are required to take a course in debt management before their bankruptcy is finalized. People wanting to declare bankruptcy must be honest about listing their debts and assets on the petition. Occasionally, people will omit something they want to keep, but this is a criminal offense and their bankruptcy petition will be dismissed.

Once the petitioner is declared bankrupt, they can find a new financial life and even get credit again. They may have to wait a year, but some credit card companies will invite you to apply immediately. However, since these creditors believe they are dealing with a known high risk person or persons, the interest rate will be very high. Many used car sales companies will sell you a car, but the payments will be high and the interest may very well be a terrible price to pay. However, the best way to start rebuilding credit is to apply for a secured credit card which means that you will have to deposit the money in a savings account to guarantee the credit card limit.

No one should bet afraid to purse the legal recourse for relief from burdensome debts. People can enjoy life again free from harassment and constant worry.

Interest Free Debt Consolidation-Say Bye to your Debts!

Interest free debt consolidation is a process by which you roll your multiple high interest debts into one single payment and low interest rate, which results in considerable savings in interest rate every month. In fact, many interest free debt consolidation companies provide consumers who are reeling under mounting debt to pay of their unsecured credit card debt, personal loans, student loans, etc through a monthly installment plan. This would not only clear debtconsolidationloans3 your debt, but will also save hundreds of dollars as interest, late fees, and over the limit charges. This is best option for all those who want to avoid bankruptcy.

Interest free debt consolidation is blessing for all those who are facing uncertain financial future due to their past imprudent spending habits. These loans can free up a person from debt arising out of personal loans, credit cards, store credit, medical bills, and lines of credit. You can get debt consolidation loans in two forms; secured debt consolidation loan, and unsecured debt consolidation loan. Secured loan is offered at low interest rate to all those who can offer some collateral, but unsecured is best for all those who cannot offer any collateral. Interest rate for unsecured loan is slightly higher than secured debt consolidation loan.

Many debt consolidation companies are now online and offer their services to their customers. You can interact with their counselors and they will help you in filling out financial questionnaire, submit your financial information and so on. However, you must make sure that company you are dealing with is reputable and has considerable experience in this filed.

Most of the interest free debt consolidation programs are easily available and with some search, you can find hundreds of companies that are eager to assist you in this matter. In fact, in the past three years, more than four million Americans have been helped by a debt consolidation loan, and they can been successful in avoiding bankruptcy.

Lose Fat With Garcinia Cambogia and HCG

Are you looking to melt off the weight before that summer vacation? The newest craze in weight loss supplements to hit the shelves is Garcinia Cambogia. Garcinia Cambogia is a small pumpkin shaped fruit native to Southern and Southeast Asia and parts of Africa.  Researchers believe that the hydroxycitric acid (HCA) is the driving force behind Garcinia’s fat-blasting powers, blocking fat and suppressing appetite. HCA also helps regulate mood so anyone taking it can get that extra boost to tackle a new workout or their workday. It can also help with the emotional eating that many people do during the day that can quickly add on the pounds.

Hydroxycitric acid inhibits an enzyme used by the body to turn carbohydrates that aren’t being used for energy into fat. There are Where to get garcinia cambogia in Los Angeles CAseveral benefits, including: curbing appetite, reducing caloric intake, promoting a healthier body weight, better mood, and a lower LDL (bad cholesterol) and triglycerides count. Look to buy pure garcinia cambogia and for brands with at least 50% HCA and less fillers and additives. Also if the supplement had added potassium salts and calcium, pick that one up. These two help the absorption of HCA into the body.

Another sudden craze to get beach ready this year has been HCG drops. HCG stands for human chorionic gonadotropin. It is a hormone that women produce when pregnant. There are many ways to take HCG, but the easiest form is through homeopathic drops thBurn fat woth HCG Dropsat can be bought through various carriers. The other part of the diet is to stick to a low calorie diet for 8 weeks while on the HCG, with each meal including one source of protein, vegetable, fruit, and a bread or starch source. While avoiding to intake any visible fat, the diet lets a person eat beef, fish, veal, chicken, and some other seafood. Milk products are limited to one tablespoon a day and foods containing eel, salmon, herring, tuna, and dried or pickled fish are prohibited. Vegetable choice can include: leafy greens, spinach, red onions, and asparagus. Bread choices are limited, but a piece of whole wheat toast with a meal should suffice.

Try to stay clear of white bread and foods high on the glycemic index. Fruit choices are pretty lenient. Choices can include several strawberries, half a grapefruit or an apple. One thing you don’t have to give up if your morning coffee or tea. This diet lets you drink as much coffee and tea as you’d like, alongside lots of water to keep you hydrated. Skip the soda, even diet, to get the best results!

A good plan with the two of these would be to plan ahead for what you will eat and prepare meals ahead of time. Choosing five to six smaller meals over 3 big meals will help spread out your food intake and lessen blood sugar spikes. A good breakfast can consist of a hcg diet chicken and vegetable stir-fry with toast and coffee (hold the creamer) with stevia or raw sugar. Lunch and dinner have a lot of possibilities—- you can have a beautiful salad with a side of fruit and tea; dinner can be a nicely marinated steak and veggies with tea or coffee. The best thing to do before starting is to make a meal plan so you are not scrambling at the last minute trying to find the right foods. Make sure to check out your local farmers market or a health food store so you can get the best quality and most nutritionally sound foods to help fuel your body. You won’t put regular gas in a race car, so why fuel your body with poorly crafted and overly processed foods?

Between the two of these products one should be able to get bikini ready in no time. Though diet plans can be hard to stick to, this one can be promising with helping someone in the long term process of keeping weight off and portion sizing. Garcinia Cambogia and HCG can be the answer you have always been looking for to help shed those unwanted pounds you have gained. With this diet and moderate exercise, anyone can get back the body they used to have in no time! So buy HCG drops and/or Garcinia Cambogia today and see what they can do for you.

Pay Off your Multiple Debts

A debt consolidation loan is a big loan available at low rate of interest, and a longer repayment term that allows you to pay off all your multiple high interest loans and credit card debts. You can get loans for debt consolidation with bad credit from various lenders in the US. These loans have come as a great relief to all those who are suffering due to their mounting debts and have no way out of this financial mess. In any case, you should choose your consolidation loan after thorough research and you should not forget to read the fine print before applying for the loan.

The eligibility for these debt consolidation loans is simple. You need to be at least 18 years or above, should be a US citizen, should have a US bank account, and a stable job or a profession.

If you have a low credit score, you may have to opt for a bad credit debt consolidation loan, or have to offer some collateral to the lender to secure a lower rate. You can apply online for these loans, as most of the lenders have their own websites and provide all details, including the application form for this loan.

You can also seek help from a reputable Scranton debt consolidation service, as they have extensive experience and access to hundreds of US lenders and can get you the best product on the US market.

When you will consolidate your debts, you end up with just one payment every month, which is affordable. Most of these loans are for a long term (15-25 years) so your monthly installment is very less. you save hundreds of dollars for your household expenses.

Though interest rates offered to you by the lenders may vary as they are dependent on certain variables, but in any case, you can easily save from five to ten percent with a consolidation loan.

Jacksonville Credit Card Consolidation

Debt consolidation has become a viable option for many people in jacksonville  looking to reduce their total debt while lowering their interest rate, loosening the economic leash that cripples their fiscal options. In these economic times, it can be difficult to pursue certain financial ventures while an individual is in debt. As credit card consolidation allows borrowers to simplify and narrow their monetary lenders, it can also come with risks. Like most economic decisions, even debt consolidation has it’s pros and cons.

For starters, Jacksonville debt consolidation services can be very beneficial for individuals with increasing debt, as it places debt from various outlets into one loan, lowering the interest rate and making the sum easier to handle. Often times debt consolidation will take unsecured loans and place them into a secured loan, by using an item of value as collateral. The collateral will lower the risk for the debt, thus lowering the interest, rate, as the item used for collateral can be taken should the loan not be paid properly. Many might see this as an even larger risk to the individual in debt, but in reality it is safer, as the debt becomes a long term payment that is more easily managed, so the collateral is typically not at a huge risk for loss.

Debt consolidation can also be done for students who owe money for student loans. In the United States, for example, the loans owed by a student may be consolidated through the Department of Education, who then provide the student with a fixed interest rate. If the student owes multiple loans with various interest rates, consolidation combines them into one loan with one rate, making the debt more simplified.

There are some concerns with credit card consolidation though, often in relation to secured loans using a house as collateral. These types of loans may address the effects of debt, but as the amount owed becomes higher than it was before due to long term payback, the root of the debt is not addressed. This may cause problems for the individuals in debt later on in life, as they continue to owe more money than initially stated.

Debt consolidation is a good option for anyone looking to alleviate themselves from the complexity of numerous loans and interest rates. However, it may come with risks, so it’s always advised to discuss debt consolidation with a professional before these decisions are made.

Debt settlement tricks and traps

Debt settlement tricks and traps – What you are required to know

You may get debt settlement help when you’re not able to pay back your unsecured debts in full. To settle your debts, you can get help from a settlement company or decide to negotiate with your creditors and/or collection agencies all by yourself. Whatever option you choose, you must be aware of the tricks and traps of debt settlement so that you can avoid them. Read on to make yourself aware regarding the debt settlement tricks and traps and how you can avoid being a victim of a settlement trap.

Getting help from a non-reliable company

If you get help from a settlement company without checking the BBB (Better Business Bureau) records, then you may not get the services as promised to you when you enrolled in its program. To avoid this, always check BBB records to ensure there aren’t any complaints from the consumers who had opt to get debt settlement help from the company you’ve chosen.

Need to pay a hefty fee

The debt settlement companies may ask you to pay an upfront fee to get enrolled in the settlement program. Apart from that, the settlement companies may also charge quite a hefty fee for providing you with the services. Usually, the settlement companies charge a percentage of the forgiven amount as the professional fees, but some companies may not follow it.

So, before you enroll yourself in a settlement company, check its fee structure. Do you know that as per a new FTC rule, the debt settlement companies cannot charge an upfront fee? So, stay away from a company that asks you to pay a fee before offering you with any service.

Denial of verbal agreement

When you’re negotiating with a collecting agency, a collector on behalf of the organization may agree on a payoff amount. It may happen that you start paying on the basis of the verbal agreement only to find later that the collector denying the previous agreement and asking for more amount.

To avoid this, even if you’re negotiate over phone for settling your debts, always send a certified mail with return receipt request. Get everything in writing before you start paying anything to the collection agency in order to settle the account. Moreover, keep every record of communication so that you can produce it in future, if required.

While taking recourse to debt settlement, you must know that your credit score may get reduced by several points when you settle your debts. This is because you’re not able to pay back the total outstanding balance. So, after you’re successful in getting out of debt, try to manage your finances better so that your score gets improved and you qualify for loans at better terms and conditions in future.

How debt consolidation works and the benefits for those drowning in debt

Free debt consolidation services work for those caught in a vicious debt cycle by employing a few helpful strategies. 

How it works is that you are able to get all your different loans placed into a single new loan, and only have to worry about the one new loan. If you have regular income, you could get a low interest debt consolidation product and be able to manage smaller monthly repayments. If you are lucky enough to have a house where you own equity in it, you’ll find it fairly easy to get interest rates significantly lower than what your current loans are offering you. 

The way it works for lenders is that they get to purchase all your different loans at a discount from your current lenders. Your current lenders get to get rid of the risk of holding on to you as their debtor and your new lenders stand to gain a little profit via offering you their debt consolidation help. 

It should be noted however that for this process to be successful, that debtors need to have a certain degree of discipline. The danger is that once a debt is consolidation and your stress levels decreased, you might feel as if your debt has disappeared. You’ll need to remind yourself that all debt consolidation is doing is buying you time. That is time to increase your income, decrease your expenditures and work out a better plan for your future.

How Credit Consolidation Can Make Life Easier For You

 Have you heard of credit consolidation? What can it do to help improve your current financial status? Can it really allow you to be debt-free within a shorter span of time?

Credit debt consolidation is when you take out one loan in order to pay off your other existing loans. With credit consolidation, you will be able to pool all of your debts into one loan with a lowered interest rate. Thus, more of your money will go to the actual paying off of your debts. Typically, with this type of scheme, credit consolidation companies require some form of collateral from the borrower – usually a house or a car. The lender is able to demand for lower interest rates because the risk he suffers in this type of loan is very minimal. In fact, if the borrower will not be able to completely pay off the loan, the collateral is understood to undergo a forced sale in favor of the lender.

The consolidation of debt can make life easier for you today and in the future. Lowered interest rates will mean that you can be more flexible with your money. It could also mean that you may be able to pay off your entire loan within a shorter amount of time. Credit consolidation can be the solution to the financial dilemmas plaguing you today.

How Debt Consolidation Saves Money

How Debt Consolidation Saves Money
written by: writergirl28

The term “debt consolidation” refers to the practice of combining several debts into one account. This results in the borrower only having to make one debt repayment per month. There are many benefits consumers can gain from combining their loan accounts.

Borrowers who consolidate their debts will save money in the long run. This is because combining several debts usually results in a lower interest rate. Most people have several debts. Each of these debts will have a different rate. Some rates are over 20%. Those who combine their debts, will be placing them under one interest rate. This will generally result in a lower overall monthly payment. Consumers will then have more spending money each month.

There are several debts that can be included in this type of loan. Some of these are listed below.

– Credit card debt.

– Bank loans.

– Finance company loans.

– Department store credit card debt.

– Hire purchases.

– Tax debt.

– Legal or medical fees.

– Utility Bills.

– Collection agency fees.

Applying for this type of loan is relatively easy. All borrowers need to do is contact a lender and fill in an application form. Those who have good credit and a regular income should contact their bank. Banks tend to have lower interest rates than finance companies. However, they also have very strict lending crieteria. Most banks will not touch a customer who has poor credit. People in this situation will need to approach a finance company. While finance companies have higher rates, most borrowers will still find that they save money by getting a consolidation loan.

Borrowers should take the time to shop around for a lender. Even banks offer different rates from one another. Ideally, consumers will get a quote from a few different lenders. Once they have done this, they can take the lowest quote to the companies which offered higher rates. Some companies may be willing to discount their rates in order to keep the customer with their company.

Credit Consolidating as part of today’s personal economic period

With each monetary period, public shopping goes over the top. With each crisis, appear an upswing of countless fresh debt consolidation products and services. After a boom, financial institutions may possibly provide unguaranteed consumer credit readily and become willing to give you a lending product toward anyone with clothes on. This specific injection concerning consumer credit ensures that customers will undoubtedly be pleased spenders as well as nourish our economic climate with the help of capital that they do not in fact are the owner of. Basically, this really is cash with virtually no real valuation associated with them.

When the rate of growth is finished and individuals are left along with various bank cards to get rid of, then anxiousness arises, messages or calls during the evening meal come in non stop, and consumer credit consolidation companies begin the company’s advertising. What is missing from most individuals heads is they may possibly make the most of debt consolidation.

Compared to debt consolidation, consumer credit counseling assistance usually do not cause you to buy the products or maybe move the charge card balances to these individuals. The vast majority of run as a result of an altruistic point of view and can also work efficiently along side credit consolidating programs. They should show you solutions and provide the training you need to see how far better to pay off the whole loans in the most effective fashion.

When you are in credit cards debt, make sure you consider using the professional services with credit guidance as well as consumer credit relief.