While many of us know the stresses of dealing with credit collectors, very few people actually know what their rights are in these situations. With an increase in debt collection scams and consumer victimization going around, the Federal Trade Commission works diligently to inform consumers of what to watch out for. Robocallers You may have  … Read more

Cell phones can be tricky business. Although there are some companies that offer contract-free services, they are typically very limited in nature. For those of us looking for a national service plan or a technologically advanced phone, our only option is to go with a big name company and sign their lengthy service contract. As  … Read more

Although there are many different types of debts, not all are equally negotiable. Some debts are easily negotiated with creditors, while others may be more difficult or denied completely. Before entering debt negotiations, it is important to know which debts are the most commonly negotiated debts. Credit Card Debt The most common source of debt  … Read more

Debt isn’t  necessarily a bad thing. In fact, holding debt under certain limits can be highly beneficial to your credit score. However, having too much debt, too many accounts or delinquent accounts can be detrimental. So how do you know when enough is too much? Crossing The Line The general rule of thumb  is to  … Read more

The Federal Trade Commission operates to educate and protect consumers. Their job is to field consumer complaints and investigate fraudulent operations in the financial, mortgage and credit industries. Over the years the FTC has developed a list of recommendations for consumers seeking help in any one of these areas. Debt Reduction Ideas The FTC has  … Read more

Being buried under debt is no place for anyone. We all want resolution from our debt burdens and choosing the right plan is half the battle. Know the difference between debt resolution strategies and their benefits if you want to make an informed decision about your debts. Debt Management Plan Getting out of debt doesn’t  … Read more

If you have been drowning in debt you may have considered credit negotiations or debt settlement options. These are both options worth considering, but the details behind the debt resolution should be carefully considered. There are cases in which people agree to have their debts “charged off”, only to find out later that the debt  … Read more

Divorce is a difficult time for both spouses and there is much to be done before the final paperwork. Besides dividing up assets and property the debts must also be dealt with, especially if one spouse brought more debt into the marriage than the other. Because divorce can complicate things in the event of bankruptcy,  … Read more

There is much debate looming over the issue of debt negotiation versus debt settlement. While some advocate settling debts, others feel simply negotiating a lower payment is the way to go. In general, there are some myths associated with each process that are important to consider before you choose which option is right for you.  … Read more

Some people assume bankruptcy, credit negotiations or debt settlement is the only way to resolve debts. The truth is, many people are successful in getting out of debt on their own without the need for a third party or extreme tactics. While getting yourself out of debt takes focus and commitment, it isn’t as hard  … Read more