If you’re struggling with debt, you have several options, aside from bankruptcy. Two options to consider include debt negotiation and credit counseling. Let’s begin by looking at debt negotiation. Your goal in debt negotiation is to work with your creditors to develop a repayment plan that works for both of you. Items [...]
Our Free Article Library: Debt Consolidation & Settlement
Debt Settlement V. Bankruptcy
Monday, August 24th, 2009If you have a large amount of debt, you may be considering several options, including debt settlement and bankruptcy. Let’s look at some of the positive and negatives when choosing between debt settlement versus bankruptcy. The first step in deciding between debt settlement and bankruptcy is determining whether you can pay down your [...]
Top Reasons to Hire Attorney to Handle Debt Settlement
Monday, August 24th, 2009If you are considering debt settlement, there are some good reasons to consider hiring an attorney to handle the process. First, certain debt settlement companies have a very bad reputation, while others are outright scams. Working with a licensed, experienced attorney can protect you (and your credit) from unscrupulous companies that take advantage [...]
What Debt Settlement Companies Don’t Tell You
Monday, August 24th, 2009Planning to use a debt settlement company? It’s important to understand what debt settlement companies don’t tell you. Before we look at what’s not commonly known about debt settlement companies, let’s look at what debt settlement companies do.
Debt settlement companies charge hundreds of dollars for an initial administrative fee to setup your account. [...]
Debt Consolidation
Tuesday, August 11th, 2009Is your debt becoming more difficult to manage and pay off? A debt consolidation loan can help you gain control of your finances, and start paying off creditors. Debt consolidation is one of the first options to consider before filing for bankruptcy. In many Chapter 13 bankruptcy cases, debt consolidation is used to help pay [...]
Consolidation Loans and Reverse Mortgages
Monday, August 10th, 2009Debt consolidation loans and reverse mortgages are two options that many people consider to resolve financial debt obligations. One of the most popular debt reduction programs is debt consolidation. When following a debt consolidation program, you will take out a loan and use it to pay off a number of smaller debts. Once these small [...]