FTC Protects Consumers With New Debt Settlement Rules

Debt settlement is an effective debt relief solution for people drowning in unsecured debt. With debt settlement, you need to pay back only a part of what you owe to the creditors. Around 50% of the original debt amount is forgiven in this debt reduction process. However, there are too many scam companies in the debt settlement industry. These companies tempt the debtors with slogans like “be debt free in three months”. In reality, the fraud debt settlement companies push people further in debt....
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The Real Cost of Borrowing Money

Borrowing money is convenient, because it means we can buy what we want, when we want it, without having to wait to save up the full amount. However, whenever you borrow to buy a house, a car or even a television, you need to think about the true cost of that item, and that goes well beyond the sticker price. The Real Cost of Borrowing Money to Buy a House The average house price in the US in 2011 is $272,200 and the median price is $222,600 so let’s say you are buying a house worth $250,...
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Tips for Paying Off Outstanding Medical Bills

When there's an illness or unexpected injury to a loved one, the last thing you want to think about is money. Once the illness or injury is diagnosed and treated, the cost will undoubtedly need to be addressed. Carrying enough insurance will substantially alleviate your problem, but if the situation is long term, you don't have insurance, or your deductible is high, those bills could quickly pile up. When that happens, you may need some tips on how to go about paying those outstanding medical bi...
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How to Pay Off Debt – Fast!

Getting into debt can be really troubling! Before you know it, you’re essentially being crushed by minimum payments owed to seemingly everyone. It’s hard to get out of a scenario like this, but instead of feeling defeated by debt, you really have to work on strategies to overcome what you owe to these credit card companies in order to straighten your financial situation out. According to the Federal Reserve consumer credit statistics for 2010, the amount of debt Americans bear on their cred...
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Credit Card Counseling vs. Debt Settlement – Which One is Optimal For You

There are a lot of people in debt trouble these days and that means they are all looking for a solution to their problem. Advertisements in the media promote many potential available solutions. Some have great value and are worth exploring. Yet, it is important to make the right selection based on your own individual needs and situation. What may be a positive solution for one person may be an inappropriate solution for another. Case in point, some people may be well advised to explore credit...
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How Does Debt Affect People?

This is a common question for anyone who is thinking about borrowing money. The reason for this is that debt can have a major impact on a the life of a person. It can determine whether or not someone succeeds in life or struggles all the way through it. Debt is the amount of money any person owes. They go into debt when they borrow money in the present while promising to pay it off in the future. There are a couple of different variations of debt, and they affect people in different ways. Hav...
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How Can You Pay Off Debt by Settlement?

If you are finding it difficult to make your bill payments and wish to get rid of them, you can negotiate with your creditors and request for settlement. You may also enroll in a online debt settlement program offered by debt relief companies to pay off debt. How can I get rid of debt without professional help? You can become debt free all by yourself with the help of the following guidelines: Negotiate with your creditors: You must inform your creditors about the financial crisis you...
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5 Simple Do It Yourself Debt Reduction Strategies

So, you've got some debt and don't know how to get out? That's OK, you're certainly not alone, but you want to know how to pay off debt fast. There are so many options out there that you don't know who to believe. Just watch TV at night for a few hours. It's downright confusing trying to figure out which type of program is right for you! Fortunately, getting out of debt does not have to be that complicated. Not that it's easy to pay off bills that have grown and grown - especially those ...
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Beginners Guide to Bankruptcy Law

Gone are the days when people will go for bankruptcy once they see themselves facing an escalating amount of debt. There is now the new bankruptcy law, which changes the conventional meaning of the word “bankruptcy”. It was April 20, 2005 when George Bush signed the law about “Bankruptcy Abuse and Consumer Protection Act”. Some people would say that this new law is nothing but unfair rule given by the government again, so lets dig further to the real details about comparing the present a...
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5 Ways to Leave University Debt Free

In order to survive university with all your finances in tact, you need to take control (and more importantly stay in control) of your money. Far too many students are completely unaware of their financial situation at any given time, in fact according to recent figures 1 in 3 students don’t know how much money they have at any given time. To the frugal among us, this begs the question - how on earth do they know how much they are able to spend? The simple answer is they don’t and here in lies t...
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