If you have been following the news, you are probably aware of how much of a crisis the credit card industry is in right now. If you are also one of the many Americans who are having problems with credit card debt, you are probably highly interested in getting rid of those debts quickly.
You've probably heard of debt consolidation loans, credit counseling options and debt settlement companies. You might also have come across a strange article or news item where some lucky credit card holder...
If you have ever come across offers for debt settlement, you are probably very curious about these offers and would like to know if their promises will actually work. You might even be considering signing up for one at this very moment. Well, before you do anything, first read up on how debt settlement plan works so that you'll know the risks you are getting into and if it is worth the rewards.
Debt settlement companies are becoming more and more common nowadays. Taking advantage of the...
Understandably, American consumers are now scrambling for every available means of maintaining their finances. A large debt is a huge drain on the monthly income and is therefore something which should be settled as quickly as possible. Skipping on debt payment is an option and, indeed many consumers carrying debts too big to handle are opting for it. However, in the long run, it is a disastrous solution. The best way to get rid of debt is to pay it off. The problem is that, in the current...
Continue readingIf you are in the midst of heavy debt and you've looked around for a solution to your problem, no doubt you've come across debt settlement offers and are curious as to what they are. Here are a few things that you need to know about debt settlement programs.
Debt settlement companies work as a kind of “middle man” between you and your credit lender. They will try to resolve your debt problems by negotiating with your creditors to see if they can lessen the debt that you owe. Debt...
The credit card problem has reached an all time high and many cardholders are currently delinquent in their bill payments.
The figures get much worse when considering the current unemployment rate in the U.S, which is, according to Fitch Ratings, at 8.9%. It is the highest unemployment rate of the country since 1983. With little in the way of available cash, consumers are turning to credit cards. Unfortunately, many are not keeping up with their bills and the credit card crisis just gets...
Following a string of controversies, TASC or The Association of Settlement Companies, have released a statement saying that they are pushing for legislation that will regulate debt settlement companies on both the state level and the national level. TASC is a non-profit organization which claims to be the watchdog of the debt settlement industry.
The debt settlement industry has seen large growth this past few months owing mainly to consumers desperate to find a way to control their debt....
Credit card debt is a widespread problem nowadays. With the economy the way it is, the situation is bound to get worse. As a result of the credit card crisis, cardholders are turning every which way to find a way to settle their debts.
Getting out of debt is not impossible and there are many ways to do it. However, not all lead to debt resolution. Case in point – the recent controversies regarding debt settlement companies. Many cardholders have fallen victim to these companies that are...
If you are one of the many Americans who have found themselves having to deal with large debts, then you probably have given some thought on getting help from debt settlement companies.
If you do not know this yet, debt settlement companies offer help for people with debt problems. Usually, they negotiate with credit companies to give their customers a lower monthly payment rate or to write off a part of their debts. It may seem like a good deal but the reality of the matter is actually less...