Posted on December 10th, 2008 by Wayne
Debt Negotiators Online will help you navigate the maze of debt management options. How do you evaluate bankruptcy versus debt settlement to know which is the right option for you. There are actually 2 kinds of bankruptcy quite different from each other.
Here is a brief description of each:
Chapter 7 Bankruptcy
Chapter 7 is a liquidation bankruptcy [...]
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Posted on November 27th, 2008 by Wayne
Just came across this article by Susan Megge that makes a valid point about credit score and debt settlement: what is more important: keeping a high credit score (which may costs you much stress and worry about keeping up with payments) or clearing your debt with a temporary credit ding and lowering your stress by [...]
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Posted on November 26th, 2008 by Wayne
Yes. More often than not, being in debt, your credit accounts already have, or are, in the process of being reported negatively to the major credit reporting agencies. Depending on how long you have been delinquent in payments, negotiating and settling these debts for good will have an overall positive effect on your credit score. [...]
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Posted on November 24th, 2008 by Wayne
Consumers are often confused by the different options available to deal with crushing debt. The two most popular solutions are Debt Consolidation and Debt Settlement, each very different with distinct benefits and drawbacks. Deciding which solution is better for your own situation will require an understanding of your circumstances and financial goals.
When most [...]
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Posted on November 24th, 2008 by Wayne
Debt Negotiators Online will help you navigate the maze of debt management. How do you evaluate the various options out there? Which option is right for you?
Here are your main options and some pros and cons:
1. Bankruptcy
If you think this is an option that you need to consider at this time, I recommend you [...]
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Posted on November 23rd, 2008 by Wayne
The Fair Debt Collection Practices Act covers personal, family, and household debts. This includes money owed for the purchase of an automobile, for medical care, or for charge accounts. If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a debtor. If you fall behind [...]
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Posted on November 23rd, 2008 by Wayne
Debt negotiation is not the same thing as credit counseling or a debt management plan. It can be very risky and have a long term negative impact on your credit report and, in turn, your ability to get credit. That is why many states have laws regulating debt settlement companies and the services they offer.
Many [...]
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