Archives

If you have incurred a large amount of credit card debt, chances are that it wasn’t the result of a wild shopping spree or living beyond your means.  While there are certainly a few people [...]

Do you want to get of debt? If you have at least $30,000 or more in outstanding credit card debt you may qualify for services by which you can lower your balances by up to 50% and get it paid off [...]

If you are struggling with unsecured credit card debt, it can be overwhelming. The situation you are in is not hopeless, debt reduction help is available, so if you need help it would benefit you [...]

The “Devil” is often depicted as a horrifying-looking monster with cloven hooves, horns and a tail – but truth be told if there was a Devil, he would more likely appear as a nice-looking, [...]

Do you owe $30,000 or more in unsecured debt and have suffered some significant financial hardship? Do you have any savings or other liquid assets that you can use for a lump-sum payment of about [...]

Debt settlement, also referred to as debt negotiation, is the art of negotiating with your creditors so they will accept less than the full amount of the debt owed to them, generally 50–65 cents [...]

Debt settlement is going to negatively affect your credit. That being said, whether it’s really going to get worse – and by how much – will depend on what your credit rating looks like today. [...]

Typically debts are settled in the range of 40 to 50 cents on the dollar. Sometimes the range is lower, and in some rare instances it can be as low as 7 or 8 cents on the dollar. But typically [...]

Most credit card companies follow a similar process for debt collection. For the first six months a bill has gone unpaid, their in-house collection division will try to collect on the debt. If [...]

Creditors do differ in the amount of debt reduction that they’re willing to settle for. Chase Bank won’t be the same as Bank of America, or Wells Fargo, or a local bank. A lot of it will also [...]