Liquid Your Company » Warning Signs

How to Get Out of Debt, Stay Out of Debt, and Live Prosperously: *(Based on the Proven Principles and Techniques of Debtors Anonymous)

Liquid Your Company — Sat, 19 Dec 2009 15:49:17 +0000

With up-to-the-minute information . . . And an all-new preface by the author!

Out of the red . . .

? Do this month’s bills pile up before you’ve paid last month’s?
? Do you regularly receive past-due notices?
? Do you get letters threatening legal action if immediate payment is not made?
? Do the total amounts of your revolving charge accounts keep rising?

Into the black . . .

Whether you are currently in debt or fear you’re falling into debt, you are not alone. Sixty million Americans–from doctors to secretaries, from executives to the unemployed–face the same problem and live under the same daily stress. Based on the proven techniques of the national Debtors Anonymous program, here is the first complete, step-by-step guide to getting out of debt once and for all. You’ll learn:

? How to recognize the warning signs of serious debt
? How to negotiate with angry creditors, collection agencies, and the IRS
? How to design a realistic and painless pay-back schedule
? How to identify your spending blind spots
? How to cope with the anxiety and daily pressures of owing money
? Plus the three cardinal rules for staying out of debt forever, and much more!

This book is neither sponsored nor endorsed by Debtors Anonymous. A recovered debtor, the author is intimately familiar with the success of the Debtors Anonymous program.

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5 Hints For Finding The Best Debt Consolidation Help – by Cornie Herring

Liquid Your Company — Fri, 18 Dec 2009 09:45:57 +0000

Debt consolidation is one of the most common debt relief solutions for many debtors. By go through a debt consolidation process, all your unsecured debts will be merged into one for better debt management. In some cases, the debt consolidation company may be able to help you to lower your minimum monthly payment and interest rates, which can help you to manage your money better.

If you have decided to go for debt consolidation to resolve your debt issue, then, finding a good debt consolidation company that can really help you in handling your debt problem is crucial because getting help from an unethical debt consolidation company can make your financial situation goes worse. Here are 5 hints for finding the best debt consolidation help.

Hint 1: Search As Much Information Available Online & Offline

The best way to find a reputable debt consolidation company is through a recommendation from some one you know who had used the services of a debt consolidation company and have a good comment on it. If you don’t know some one who knows a good debt consolidation company, then, look through yellow pages or you can easy find many of debt consolidation services from internet. Short listed the companies that near by you and ask them to send you their debt consolidation service information package. You don’t need to pay a penny for requesting the company’s services details; hence, utilize these resources to ask as much information as you can so that you can make a comparison about their services. Then, compile a list of your choices.

Hint 2: Detect Scam’s Warning Signs

While searching for debt consolidation companies, put yourself in a high alert for any scammer’s signs. While extremely high fee is definitely a red flag, extremely low fee may have high hidden cost; hence, you need to really understand how the company will charge you on their service, watch out for hidden cost. Don’t believe if a debt consolidation company claims too much of guarantees and their debt consolidation package look too good to be believed. Remember, your debt issue cannot be go away overnight or in a short period of time, if any debt consolidation company tells you that they can get you out of debt at unbelievable short period of time, they lie.

Hint 3: Check for Any Complaint Filed Against the Company

A debt consolidation company may be legitimate but their services may be bad and can’t help much in resolving your debt issue. In order to avoid yourself from getting help for a helpless debt consolidation company, spend some time to look for complaints filed against the company; call the Better Business Bureau in your area to find out if there have been complaints against the companies in your list.

Hint 4: Don’t Make An Instant Decision

You should interview all the debt consolidation companies short listed which you think they can best help you in resolving your debt issue. Of course, when you talk to them, most of their proposal and recommended solutions will look good and impress you. Although, you are in hurry to get your debt issue resolve, don’t make up your final decision at the spot and enroll into any of debt consolidation plan. Tell them that you need some time to consider. Take your time and at your comfort home, compare all services from the debt consolidation companies you have interviewed earlier and select the best debt consolidation company that can provides you the best service at a reasonable price.

Hint 5: Fine Read Any Contract Before Sign

When you decide to enroll into a debt consolidation plan, you definitely will be asked to sign an agreement or contract about the proposed debt solution plan. Remember to read the contract in details before you put your signature on the dotted line. Don’t sign the contract if you are doubts or have questions on any part of it. Clear your doubts and get your questions answered first.

Summary

If you have decided to get professional help to consolidation your debt, then it is crucial to choose a reputable debt consolidation company with a debt consolidation plan that best suite your financial need. Hopefully, the 5 hints as mentioned will be able to guide you to find the best debt consolidation help.

Cornie Herring is the owner of http://www.debt-consolidation-1stop.info. Visit Cornie’s website to see more free information on Debt Consolidation & Credit Counseling and Debt Management.

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10 Warning Signs You Require Debt Help – by Scott Sumerford

Liquid Your Company — Fri, 18 Dec 2009 09:45:43 +0000

American consumers have nearly $2.5 trillion of outstanding debt, according to the Federal Reserve’s Consumer Credit report. Unfortunately, the probability you account for a portion of that debt is high. Use the following 10 warning signs of excessive debt to know if you need financial guidance.
You have been denied new credit. Lenders use your credit rating to determine the likelihood you will repay the credit they extend to you. If you have a large amount of debt, they are likely to reject your application or charge a high interest rate.
You always make the minimum payments on your credit card debt. Your credit card debt will take decades to repay if you only make minimum payments, which is, typically, around 2 percent to 4 percent of your outstanding balance. For example, a $1,000 debt at 20 percent interest will take more than 26 years to repay if you only make the minimum payment each month.
You have maxed-out one or more credit cards. One of the most apparent signs you have too much debt is when you reach your credit limit. Spending maximums are set by creditors to stop you from accumulating more debt than you can repay; however, you can quickly accrue overwhelming debt by maxing-out several credit cards.
You ask friends and family for money to cover your credit card debt. Borrowing money from friends and family indicates you have overspent to the point you need assistance. Rather than jeopardizing your relationships, a viable solution is debt consolidation or debt settlement.
You lease because you cannot find financing to buy. If the only possible way you can afford a home or car is to lease, then you have too much credit card debt. Leasing should be an option, not a necessity. It also reflects your credit rating, which suffers when you have excessive debt.
You have three or more credit cards. The more credit cards you obtain, the easier it is for you to accumulate insurmountable debt. The solution to a maxed-out credit card is to repay the debt, not get another credit card.
You have stopped putting money into a savings account. The first thing to go when you amass debt is usually your savings. You can tell your debt is at a dangerous level when you suspend your plans for the future to make a credit card payment.
You hide your spending from your spouse and family. Money problems are among the top five reasons people get divorced. You will quickly lose the trust of your partner if he or she discovers you hiding debt.
You don’t know how much total debt you have. When debt starts piling up, a common reaction is to ignore it. Your apathy prevents you from realizing the full extent of your debt and causes future hardships.
You have seriously considered bankruptcy. Bankruptcy should be a last resort. If you have contemplated financial insolvency, then you are ready to explore debt-relief alternatives.
These are only a few indicators that your debt is a major problem. You should consider debt consolidation or debt settlement if your financial situation matches these warning signs. Debt relief is available, but you must take the first step and get help when the evidence points toward extreme debt.

Author Bio: Scott Sumerford has several years of experience working in the financial industry and has written a myriad of articles on various financial matters.

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