Two of the top reasons people stay in debt is the lack of a clear plan and lack of follow through. The snow ball plan is a debt repayment plan that involves your ability to maintain your monthly payments in …
Blog Archives
Debt Help: Fees
A lot of consumers looking for debt help with their unsecured credit card debt often speak to one or two different companies before choosing which direction they want to go. Even more often a consumer will put in an inquiry …
Secured Debt
Secured debt is a credit transaction that is collateralized. The ability to obtain a product and pay for it over time was first established by Ford motor company to sell more automobiles. Today this is one of the most recognizable …
Debt Help: What is a Settlement Agreement?
A settlement agreement is a written agreement between two parties seeking to resolve a dispute. The agreement will state the resolution and terms and conditions surrounding that resolution. In the case of settlement agreements involving unsecured credit card debt it …
Debt Help: Do I have a Hardship?
A hardship, as it relates to unsecured credit card debt, is an event or set of circumstances which impedes on your ability to fulfill the terms of your card holder agreement. When consumers face hardship often time’s financial instability can …
Debt Help: Unsecured Credit Card Debt
Unsecured credit card debt is a consumer credit transaction that is not collateralized by an asset and is offered in the form of a credit card. Unlike its counterpart, secured debt, nothing can be taken from you directly as a …
Debt Help: Is Debt Settlement right for me?
If you need debt help with unsecured credit card debt and have undergone a hardship, then debt settlement may be the right decision for those people hoping to avoid bankruptcy. The things you should consider before entering into any potential …
Lump sum settlements
When it comes to debt settlement sometimes a lump sum debt payment to fully settle the debt may be beneficial to you the consumer. Often an individual that is inundated with debt their credit score is severely damaged as well. …
Debt Payment Plans
Debt can become a paralyzing aspect of an individuals financial life. When debt is higher than acceptable standards the potential for unresolvable stress increases exponentially. An acceptable spending plan takes into account an individuals income, expenses and savings. Although there …
Fractional Reserve Banking
Fractional reserve banking is the system of banking that creates the money supply. Simply put it is the standard in which banks create money to lend, create cash flow, and earnings for the bank. The process allows a bank to …
