Liquid Your Company » Thousands Of Dollars

Master Your Debt: Slash Your Monthly Payments and Become Debt Free (Lynn Sonberg Books)

Liquid Your Company — Thu, 04 Feb 2010 06:06:58 +0000

Strategies and tools to live debt free

The world of borrowing and debt management has changed dramatically, leaving people confused about how best to secure their financial future. This book is the only guide with detailed advice to help you become debt free or master the debt you have, based on the latest laws and new government programs and policies implemented under the Obama administration.

Is the information and advice on debt management different than in years past? Definitely. In this savvy, engaging guide, bestselling financial expert Jordan Goodman will tell you how to

Win the mortgage game: avoid foreclosure, obtain the best refi, and modify your mortgage even if it is “under water”
Clean up your credit report and dramatically boost your credit score
Negotiate new terms and payments for burdensome medical bills, student loans, and credit cards
Protect yourself from the devastation of identity theft
Master the new credit card rules, and avoid the rate and fee traps
Learn a revolutionary strategy that will help you become mortgage free in 5 to 7 years, change the way you pay all your bills, and save hundreds of thousands of dollars

Master Your Debt recommends many pioneering strategies as it lays out an innovative plan for achieving the elusive goal of financial success. The book is filled with helpful web sites, toll free numbers, associations and government agencies, and vetted companies and services to help you implement this advice. In today’s volatile economy, getting out of debt is the key to surviving and thriving, and author Jordan Goodman provides you with the strategies and tools to live debt free.

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Master Your Debt: Slash Your Monthly Payments and Become Debt Free

Liquid Your Company — Sun, 24 Jan 2010 19:34:40 +0000

Strategies and tools to live debt free

Is the information and advice on debt management different than in years past? Definitely. In this savvy, engaging guide, bestselling financial expert Jordan Goodman will tell you how to

Win the mortgage game: avoid foreclosure, obtain the best refi, and modify your mortgage even if it is “under water”
Clean up your credit report and dramatically boost your credit score
Negotiate new terms and payments for burdensome medical bills, student loans, and credit cards
Protect yourself from the devastation of identity theft
Master the new credit card rules, and avoid the rate and fee traps
Learn a revolutionary strategy that will help you become mortgage free in 5 to 7 years, change the way you pay all your bills, and save hundreds of thousands of dollars

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An Introduction To Getting A Debt Consolidation Loan – by Darnell Scott

Liquid Your Company — Sun, 24 Jan 2010 11:30:10 +0000

If you have reached the maximum limit on your credit card, along with payments due for a car loan, personal loan and house payment, rest assured, you’re not the only one drowning in the sea of debt.
With this overpowering impact of consumer goods, everyone finds themselves deep down in debts or prone to it. Many people can’t even recollect where they have managed to spend all their money. The minimum payments on your loans only cause further distress and are not assisting you to get out of debt. A debt consolidation loan is a recommended solution to fix your current financial disarray.
A debt consolidation loan pays off many loans or lines of credit. The key to debt consolidation is attaining a low interest rate to help you pay off all your debts faster. This will help you save thousands of dollars which you would needlessly be paying in interest over a prolonged period. The time frame to get out of debt through debt consolidation finance varies greatly and depends on the amount of debt and the kind of debt.
The average length of time to get out of debt is 4 years or less. Strive to pay off high interest debts first; then work on every other debt according to interest rates being charged. The key is to pay less interest overall, leaving more money to pay off principle.
Once all the high interest debt is paid off through debt consolidation then you must control your expenses and chart out a budget, which will plan your income and expenses well.
Less debt and lower interest rates ensure that you pay off faster and save money. When your creditors realize that you’ve signed up for a debt consolidation plan, they acknowledge your effort to pay off your debt and may be willing to offer more favorable terms, making it easier for you to repay them. Also, making one payment is much easier than figuring out who should get paid how much and when. This makes managing your finances much easier. Hence, debt consolidation is considered as one of the best financial tools if a person needs to get out of debt.
However, you must watch out for the trap of getting sucked into further debt: With an easier load to bear and more money left over at the end of each month, you may easily be tempted to start using your credit cards again renewing your uncontrolled spending habits which got you into such debt in the first place.
Also, remember that you can lose everything. Debt consolidation loans are secured loans. If you do not pay the loan, they will take away whatever secured the loan. In most cases, this will be your roof.
Before you decide to enter a debt consolidation plan, carefully weigh its pros and cons in a realistic manner to determine if this is the right decision for you. While trying to get out of debt, the last thing you want to do is to make the problem worse than it was.

For more information on debt counseling visit our online debt consolidation blog.

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Negotiate and Settle Your Debts – A Debt Settlement Strategy: Learn how to settle debts as low as 20 cents on the dollar (Volume 1)

Liquid Your Company — Sat, 19 Dec 2009 05:28:35 +0000

Considering debt settlement? Negotiate and Settle Your Debts guides you to an extremely inexpensive way to do your own negotiating and settling of credit card debt. Save thousands of dollars and improve the quality of your life with this very informative gem of a book. Contents are sample Debt Settlement letters , Instructions on the timelines, How and when to start negotiating with your creditors, What happens each month you go late, Credit Repair Letters, Information about the Statute of Limitations and FDCPA, Information about the IRS Debt Forgiveness laws including Insolvency. Recent debt settlement letters of the authors from Bank of America for 20 cents on the dollar show that the strategies in this book really work. These are easy to follow steps, which allow you to take back control of your financial future. Take action on your credit card debt today and discover the secrets the debt settlement companies and banks don’t want you to know!

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4 Valuable Tips on Debt Consolidation That You Must Consider – by Cornie Herring

Liquid Your Company — Fri, 18 Dec 2009 09:45:55 +0000

Debt consolidation is one of the most common debt solutions that can help to reduce your overwhelming debt headache while you work your way out of debt. Unfortunately, no all debtors who go through debt consolidation process will successfully pull themselves out of debt issue. You need to know what you are doing and make the right decision if you are decided to reduce or eliminate your debt problem with debt consolidation. Here are a few tips to help you avoid bad choices while going through the process.

Tip 1: Know the actual cost of paying off your debts

Many debtors are making the common mistake of not knowing the cost they need to pay for in debt consolidation. They simply pick one of the debt consolidation packages which they think is right for them without calculating which one work the best by comparing different quotes, term & condition of debt consolidation packages.

There are many debt consolidation packages that will looked very attractive to you but you must aware that not all packages will suit your current financial situation. You must spend enough time to search the best fit and carefully review their term and condition. The best thing to do is making an appointment with the debt counselor from different debt consolidation companies, and let them explain to your what are the features of their debt consolidation package while you compare these features that benefit you the most and with the most reasonable price. You may be able to save thousands of dollars in the long run just by making the right decision.

Tip 2: Don’t Making up your decision too quickly without comparing other options

Although debt consolidation is the most common solutions for debtors but it may not be the best solution for you. Unfortunately many debtors come to the decision in selecting debt consolidation as their option without further exploration of other debt relief solutions that may better base on their current financial condition.

Before you decide to go for debt consolidation, you need to explore other available options for debt relief and compare which one best suit your need. If you need professional help to analysis your current financial situation and provide you the available options based on your financial condition, then, you should contact a consumer credit counseling service and talk to a counselor. Most of consumer credit counseling services are non-profit organization that provide free of charge counseling service to debtors. Talk to the expert will help you explore the available options to solve your debt issue.

Tip 3: Don’t Re-Trap Into Debt

Most of time, debt consolidation will involve getting a consolidation loan to pay off your existing debt, this mean that all your debt will be consolidated into a consolidation loan and free up your credit cards. You must keep remind yourself that you are not debt free yet because you just transfer all your debt into a consolidation loan that you still need to repay them in monthly basis. Many debtors forget this point and start to use their credit card again for purchases and only pay the minimum monthly due. Their debt will continue to pill up again and they regret on their action when their repayment capability goes beyond their financial affordability. Don’t let yourself to re-trap into overwhelming debt issue while you are working hard to pay off your consolidation loan.

Tip 4: Change Your Spending Habits

Debt consolidation is a solution to get rid of your debt but you need to help yourself to prevent future debt issue. You know that your current spending habit has dragged you into debt problem and you are lucky that debt consolidation help. But, if you still keep your regular spending habit, soon or later, you will back the same debt cycle again. You should control your spending by setting up a budget for yourself; make sure that you are spending within your affordability. If you have swiped your credit card for the convenient for purchasing; make sure you pay the total balance each month.

Summary

You can get rid of your overwhelming debt with debt consolidation but you need to do it right to make a success.

Cornie Herring is an finance author of http://www.debt-consolidation-1stop.info an informative website that provides FREE information and guides on credit repair, debt consolidation & bankruptcy alternatives

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3 Signs Of Debt Consolidators To Avoid – by L. Sampson

Liquid Your Company — Fri, 18 Dec 2009 09:45:51 +0000

If you find yourself in debt and you are thinking about contacting a debt consolidator or a debt management company, there are a few things that you should know. First, not all debt consolidators are trustworthy. You will find that some consolidators are more concerned with taking your money than they are with helping you to manage your debt. Second, not all debt consolidators and debt management companies are legitimate. They only use this front to steal identities. When shopping around, use the three signs shown below to determine which debt consolidators you should avoid.
Sign #1: Unusually Low Payment Quotes
To lure trusting customers, shady debt consolidators use one of the oldest tricks in the book: the bait and switch. The debt consolidator starts by quoting unusually low monthly payments. The quotes are so low, that it would seem ridiculous to choose another company. Unfortunately, once you have signed up for the program, the debt consolidator will end up saying that there was some sort of problem or miscalculation and the quote will no longer stand, leaving you with a high monthly payment. When shopping around, use quotes to compare consolidation fees, not monthly payments.
Sign #2: Large Upfront Fees and Deposits
Some debt consolidators request enormous fees or deposits that must be paid upfront. These fees are sometimes in the hundreds, or even thousands, of dollars. Some debt consolidators promise to return the money to you after you have completed the program. Unfortunately, that rarely ever happens. Beware of this common debt consolidation scam.
Sign #3: Personal Information Requests
You should be very wary of a debt consolidator who requests to see your personal information, such as bank account numbers, social security numbers, etc., before providing you with a quote. They could be using this information to commit identity theft. The only thing a debt consolidator needs to provide an accurate quote is your creditor’s names, balances, and interest rates.

Visit Debt Sanity to view our Recommended Debt Consolidators online. Also, visit Debt Sanity for more information on finding the best Consolidation Debt Solution.

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