Credit Counseling -- Why It Doesn't Work for Most Debtors

Posted August 2nd @ 2 August, 2015

"Cut Your Payments in Half!" the headline screams. "Consolidate Your Bills into One Low Monthly Payment!" When you see ads like this, they are often from Credit Counseling firms. In this article, I'll explain the principles behind the Credit Counseling approach and discuss the main problem consumers face when they join one of these programs. First, let's get our definitions straight. The term "Credit Counseling" is actually quite misleading, since it has nothing to do with preserving or ...
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Credit Counseling - Six Tips to Avoid Counseling Scams

Posted August 1st @ 1 August, 2015

Credit counseling is a useful service for anyone with problem debt. A good counseling agency can provide advice regarding money management and debt consolidation. They can also help arrange a repayment plan with your creditors to help you get out of debt. A bad agency can charge excessive fees, pocket money that was intended to pay your bills, and steer you into greater debt than before. Predatory credit counseling has become a multibillion dollar industry, and with the recent passage of ...
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What is Credit Worth To You

Posted July 31st @ 31 July, 2015

What is credit worth to you. Instead think of how credit could help change everything about your whole life. As we grow up, we hear about this topic of credit. We don't quite understand at that point what it is or even how it works. Credit it a very important tool and needs to be constantly maintained or your credit score can change quickly if your credit isn't maintained properly. Credit is a line of invisible cash that a financial institution gives you, if your past and current credit scores ...
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Currency Trading for Beginners - Most Novices Make This Mistake!

Posted July 30th @ 30 July, 2015

If you make the mistake enclosed you will lose at Forex trading and here is the mistake that causes the demise of more new accounts than any other. If there is one lesson for currency trading for beginners that you need learn... Most traders believe that currency trading is easy and they think they can follow a guru, expert advisor or forex robot with a back tested system and enjoy currency trading success and of course, they lose their money. If you could win by buying $100 buck robot the ...
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Legislators Ponder New Credit Protection Laws

Posted July 29th @ 29 July, 2015

Legislators in Washington, D.C. are considering several credit-related consumer protections as outlined in The Fair and Accurate Credit Transaction Act of 2003 (H.R. 2622). If approved, consumers could benefit from the most wide-ranging changes to the rules covering consumers and credit in decades. One of the most important changes would be the right to receive a free annual copy of your credit report, upon request, from the three major credit reporting agencies: Equifax, TransUnion ...
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Motel And Hotel Commercial Loans - Great Options

Posted July 28th @ 28 July, 2015

In the Working Capital Journal and elsewhere, there have been many reports so far indicating that only a small number of financial companies appear to be acting as if they truly understand that "We`re all in this together". A special concern by many observers is that the largest banks (essentially those receiving federal funds recently to assist with their troubled financial operations) are not acting in this manner at all. Two major problems are becoming more obvious for business borrowers as ...
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Six Credit Card Secrets No Bank Wants You To Know

Posted July 27th @ 27 July, 2015

We all get them from time to time. You know, the sealed envelope in the mail that have a written message such as "You've Been Pre-Approved For A New Credit Card From..." If you are like me, you file them away- usually in the trashcan or shredder! Throughout many years of receiving those offers however, I've noticed many loopholes that anyone can use to their advantage. Weather you already have credit cards or still receiving new offers the following six secrets are what I learned to ...
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Home Loans For People With Bad Credit - Tips To Getting Approved

Posted July 26th @ 26 July, 2015

Buying a home with bad credit doesn’t have to stop you from finding an affordable lender. By shopping online for a lender you can find the best lending rates for your situation. The following search tips will help you get started. Gather Your Information Before you begin searching for mortgage quotes, gather all your financial information ahead of time. A copy of your IRS tax form from last year will list most of the financial information you will need to enter. If you are buying a home, ...
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The Right Way To Get Commercial Loans Financing

Posted July 25th @ 25 July, 2015

A lesson learned. Our company was recently asked to see what options were available to a commercial property development project that was now a multi-million dollar foreclosure. The client`s family were desperate. Many of them had invested in the doomed project. There really is no need to explain the details of the situation that the client was in, other than highlight some of our KEY findings that in turn made it impossible for us to help these individuals get out of the foreclosure. Project ...
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What Is Credit Counseling?

Posted July 24th @ 24 July, 2015

If you are in trouble financially, you have probably heard the term •credit counseling,” but do you understand what it is? Oftentimes this term is used in the same sentence as debt negotiation or debt settlement, but actually, it’s a completely different process. With credit counseling, you will actually work with a credit counselor to pay off your debt in smaller, monthly lump sum payments that you can afford. The people most likely to need credit counseling are those who are ...
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