Article by matt couch

How to get a reduction in the credit card debt is the major concern of every individual these days. Each individual wants to settle his debts by paying a lower amount to the lender. As the country is going through economic breakdown, people are really unable to clear their dues with the credit card companies. If the individual is unable to make the payment for three to four months, the total outstanding amount will be getting double; this situation will bring the person into more pressure from bad debts.

Over the past few years the individual has been suffering a lot from the recession. People have lost their jobs due to the recession; for those people who are jobless, it is the main point of concern to get reduction in their credit cards debts. Since they are being laid off from their jobs, it is difficult for them to continue the cycle of giving the monthly payments to the credit card companies. Usually, individuals are in search to find out such ways and methods from which they will be able to get maximum benefits within the minimum time.

Read the rest of this entry

Article by Ann Gibson

It is observed that people possessing credit cards are more readily engaged to credit card debts as these plastic cards carry high interest rate compared to other loans. In fact, credit card owners use lavishly their credit card, which is considered to be a leading cause for the credit card debt consolidation.

No doubt, Credit card debt consolidation is considered to be the best way to deal with your credit card debts. In the credit card debt consolidation borrower merges all the credit card debts into one single manageable debt. In a way it helps the borrower to settle down his various credit card debts with single monthly installment.

Read the rest of this entry

Read the rest of this entry

ok so about 3 years ago I had a lot of credit card debt and decided to use credit solutions to try and get out of the whole so much. well they told me to deposit so much money each month into a savings account until i reached a certain amount and then they would reach a settlement with one of the cards. well after doing this for a year and still getting no where with my cards we ended our contract with them. I seen last night on night time that people were getting all the money back that they had paid them. Does anyone know if i still have a chance of getting my money back even though its been three years?

What would you do? Let’s say that for some reason you took a $10K cash advance on a low-interest credit card and had the money sitting in the bank. You have some plans for it in the future, but those plans aren’t completely defined yet, so the money is in large part still disecretionary.

There’s an earthquake in Haiti, and you want to help the relief effort by donating $1,000 to the Red Cross. What do you do? Do you call up your credit card company and ask for an increase in your limit, or do you take some of the money you’ve already got and use that? Do you split the money between the bank account and current income? What’s prudent?

Read the rest of this entry

My husband and I have $2,900 (limit of 3,000) on a credit card with 4.99% interest and $4,400 (limit of 6,000) on a second credit card with 10.9% interest. I know it is best to paying off debt as quickly as possible to avoid pay too much interest but we also have a baby on the way, due in March of next year. Would it be better to put everything we have into getting ourselves out of debt before the baby comes or paying the minimum + 50.00 just to maintain a good score and put the rest into savings? We already have a four year old, so I know how expensive babies can be.

The balances are too high, so I can’t transfer them to the lower interest card yet, but I am dying to get out of debt. At the same time it seems selfish to think about our debt when there is a baby on the way. I can put 500.00 into debt reduction, 250.00 per card. Or I can pay the minimum and put the rest into savings. What would you do?

Here is the scenario of a family I am assisting in planning:

Wife is a teacher, husband is a Airline employee and his job is not secure and he wants a change. Both are in their mid-30′s with a 2 year old child.

They just came into $10,000.

Read the rest of this entry

Here is the scenario of a family I am assisting in planning:

Wife is a teacher, husband is a Airline employee and his job is not secure and he wants a change. Both are in their mid-30′s with a 2 year old child.

They just came into $10,000.

Read the rest of this entry

<img src=”http://www.disputedebts.com/articleImages/8.jpg” />

The recession in the world economies saw many financial companies overburdened with unsecured debt (credit cards) from clients who were unable to pay up. Loss of jobs and high interest rates further added to the debt burden. In such a scenario, the institutions and the debtor found themselves at the end of the road with no light at the end of the tunnel. The debtor was hounded by collection agencies and he did not know what to do. The institution could not push a jobless debtor to pay, since he would file for bankruptcy and the institution may not get any money back.

In such a scenario, Obama’s stimulus money has come as a godsend for desperate debtors and collapsing institutions. Keeping the interest of the debtor in mind, the government is providing assistance to institutions to cover losses when they go in for debt settlement with their debtors. Thus a debtor need not file for bankruptcy, but be able to get rid of his debt burden through effective bargaining with financial institutions. The role of debt relief agencies is vital in such a scenario. They have been able to bargain a waiver of up to 50% of the out standings. The stimulus package is a winner for both the financial institution as well as the debtor. The financial institution is able to recover some money which would have otherwise turned to bad debt. The debtor is able to repay and come out of the financial mess with his head held high.

Read the rest of this entry

Recently Greece had to declare near-bankruptcy and appealed to the European Union for bailout funds. This financial crisis, however, is not just affecting a few countries, but all countries.

People all over the world are desperate to earn enough to live on. In the United States, despite a considerable amount of bailout money, the economy has not improved in a way that the man on the street can see any difference. Layoffs and hiring freezes continue unabated. Individuals have been forced to compromise on their living expenses. Now, at a time when every dollar counts, debtors, those forced to pay considerable money to service their debt are looking for a way out.

Read the rest of this entry