Archive for Published Debt Articles
Eliminating Credit Card Debt
According to US Debt Relief Firm advisor Jeff Morris, debt consolidation options have disappeared as many people have migrated to debt settlement or a chapter 7 bankruptcy . When considering your options, try and find a debt settlement company that has a proven track record. Debt negotiation has become a big business and there are plenty of credible debt settlement [...]
Debt Settlement Good Financial Advise or Scam?
- Article was written by Jeff Morris for US Debt Relief Firm
Question: Dear Financial Adviser,
I have a handful of credit cards that total about $23,000. I wanted to consolidate with a debt consolidation loan, but my mortgage company denied me from a second mortgage because I have no equity. Just recently, I received a letter from a [...]
Make Credit Card Debt Disappear with Debt Relief Solutions
Most credit card companies have begun to jack the interest rates on credit cards in an effort to make up for lost revenues. People with a job that can document monthly income can get a few credit cards, but they won’t get too excited about the credit limits. Unfortunately, the recession has caused a lot [...]
Consumers Caused Financial Crisis with Credit Cards
Richard Geisst, a former investment banker published a new book, “Collateral Damaged: The Marketing of Consumer Debt to America.” In the book, Geisst traces America’s credit history and finds it riddled with sleepy regulators, congressional nit-wits and sinister financial firms making euphemistic lures to consumers. “A credit card offers $10,000 of credit, not debt. It [...]
Credit Score System Flaws
According to a recent Bloomberg article many financial advisors and credit institutions are not accurate when discussing repercussions of credit scores. Debt relief solutions like debt settlement, consumer credit counseling, bankruptcy and doing nothing all have significant impacts on a consumers credit score from Trans Union, Equifax and Experian. Consumers should be given more information [...]
Debt Settlement and Negotiations for Credit Card Debt
Credit card debt continues to rise, as home values erode and unemployment soars. These are not good signs for performing credit card portfolios as debt settlement and debt negotiations has become a regular option for debt burdened consumers seeking debt relief. Bankruptcy, consumer credit counseling and debt consolidation are all viable options for many Americans [...]
Goal to Be Debt Free
The ultimate goal of the debt settlement process is to be able to negotiate with your creditors a lump sum payment which is less than the total amount of debt owed. While this process can successfully reduce debt by up to 50% creditors are required to report canceled debts (higher than $600) to the IRS. [...]