Easy Debt Settlement

Consumers overwhelmed by credit card debt naturally seek for help, but don’t be taken in by false promises.

According to the Federal Trade Commission, anyone can face a financial crisis due to illness, unemployment, or overspending. Although mounting bills and shrinking income is extremely stressful, consumers should be wary of phony promises of quick and easy solutions to credit card debt.

Warning

The Federal Trade Commission warns stressed-out consumers to be wary of companies that promise you that you can pay off your debts for “for pennies on the dollar,” that require you to pay them a monthly service fee, or that tells you to stop communicating with your creditors. The FTC further warns against companies that promise to remove negative information from your credit report.

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Tags: Card Debt, Credit Card, Credit Card Debt, Debt

Think you might need to do your credit repair yourself? Learn how to fix your credit score with a free credit report and these three tips for better credit.

If you want to do your credit repair yourself, the first thing you need to do is get your annual free credit reports from the “Big Three” credit reporting companies: Equifax, Experian and Transunion. Once you have your annual credit reports, use the tips in this article to learn how to fix your own credit score.

Get Your Free Credit Report Online

To get your free credit report online, go to AnnualCreditReport.com every year. If you go to any other site that offers a free credit report or credit score with a free trial membership, you can end up paying fees.

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Tags: Credit Repair, Credit Score, Score

Total mortgage lending fell for the second month in a row in August, with analysts claiming that another fall in house prices could be around the corner.

The Council of Mortgage Lenders (CML) said that the number of homes sold in the UK also fell last month, by 5,000 to 85,000, whilst property groups have claimed that typical asking prices have fallen by an average of around £8,000 as a large number of returning sellers are met with a small number of potential buyers.

“We face the prospect of a difficult second half of the year,” said the CML’s chief economist Bob Pannell.

“However, the Bank of England is likely to keep interest rates at record lows for longer to support the economy.

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Tags: August, Mortgage Lending

If you have gone through debt counseling and you have decided that you will attempt to deal with your creditors on your own to settle or reduce the balances you need to be prepared.  Through debt counseling you may learn that your debt is something that you can take charge of if you go about it in the right manner.  The following tips will help you approach your creditors in the most effective manner.

Tips for dealing with your creditors after debt counseling:

1. Try to communicate with your creditors without picking up the phone.  When you call your creditor and offer debt counseling it is easy to fall into the trap of letting them call the shots and things can quickly deteriorate.  If you do call, start by asking for the physical address of the collection agency so you have an address to send future correspondence to.

2.

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Tags: Creditor, Debt Counseling

Everyone who’s had money trouble wants to find an easy way out of the predicament. But fixing your finances is like losing weight. Quick fixes don’t work.

You’ve done it again. After going on another emotion-fueled spending spree, there you sit, feeling guilty, surrounded by your newly-purchased stuff, and vowing yet again that this will be the last time. No more mindless buying. It’s budget time. Time to cut out all the extras, save for the rainy day your parents keep yammering about…

Wait a minute. Cut out the extras? No cable TV, no texting, no gym membership, no eating out, no daily Starbucks, no, no, no…I can’t do without those things, you whine. I use those things. I need them. I deserve them.

You look at your bills and your spending, and you wonder if there isn’t some source of income you’re overlooking.

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Tags: Quick Fix, Work