Consumers, who are knee-deep in credit obligations, are turning to debt settlement companies to reduce the amounts they owe. Many creditors are willing to forgive as much as 60 to 70 percent of what debtors owe in order to receive at least part of the money back, because many consumers file bankruptcy when unable to […]
Myths About Debt Settlement
Debt settlement is also known as debt arbitration or credit reduction. A debtor and a creditor negotiate and agree on an amount which will be less than the balance due but will be considered as payment in full. Debt settlement companies advertise that they dramatically reduce the amount you. Many consumers don’t really know how […]
Letting Go of the Little Things
Debt is a tough nut to crack. It often works like fat cells, while you are young it seems difficult to acquire, but as you get older it becomes nearly impossible to shed. There is big money in the debt industry, consider collection companies, entire departments are created on behalf of debt collection at most […]
Getting a Co-Signer on a Loan
If you have bad credit, no credit or insufficient income, you may not qualify for a loan on your own. A lender will ask you to get a co-signer who meets the requirements. You can ask your spouse, a friend or a relative, as long as he or she has the necessary qualifications and is […]
Are Payday Loans a Good Deal?
Unlike banks, payday loan lenders don’t have strict qualifications for applicants. They tend to target people who have difficulties obtaining a loan at a financial institution. When you need to get a loan fast and do not qualify or cannot wait several days to get an approval from a bank, a payday loan may seem […]