There are many debt settlement options available and when considering the differences between Chapter 7 and Chapter 13, it is important to review the size and scope of your debts. To determine if one qualifies for Chapter 7 bankruptcy, a borrower must undergo a means test and complete a pre-filing credit counseling session. For Chapter  … Read more

Debt settlement can be a harrowing process. Debt collectors aren’t known to be the most honest people, and they are trained to exploit your emotions and pressure you into paying as much as they can wring out of you. Keep your calm, develop a plan and you can prevail over debt collectors. Build up your  … Read more

Understandably, being in debt or at risk of foreclosure can be stressful. However, being arrogant or insolent with lenders can be a huge mistake. If a lender detects that you are playing games, or if you become threatening or childish, you could suddenly be hit with lawsuit and the full force of lender vengeance. You  … Read more

Like in the movies, debt settlement can be like a game of liars’ dice or chicken, where the protagonist and his adversary square off and it’s soon reduced to a matter of who blinks first. Debt settlement is subject to state and federal laws that protect the borrower from dangerous harassment. In some cases, borrowers  … Read more

Debt settlement is not a uniform process like bankruptcy. Instead, every lender will have different practices regarding delinquency and settlement. Lenders will not show enthusiasm to settle for so much as a penny less in most cases. Here are a few things you should know when trying to settle large, outstanding debt. Lenders’ internal rules  … Read more

Borrowers in debt negotiations make the mistake of appearing eager to settle and ready to go to any length to make everyone happy. They forget that big debt is big business and big business doesn’t have feelings. To debtors, you are a number and that number is what they hope to make off of you.  … Read more

If you are in any kind of financial negotiation, the same rules apply for whomever you are talking to. Be it your mortgage lender or a representative for a credit card negotiation, there are things you can do to level the playing field and take back some of your good standing as a creditor. Don’t  … Read more

You may have heard advertisements for companies that can settle your debt for “pennies on the dollar”. Others claim they can eliminate all of your debt without consequence. Needing financial help is a matter you don’t want to handle lightly. With so many different debt settlement companies out there, there are a few things you  … Read more

Many Americans are in debt over their heads and are having difficulty maintaining their finances. There are several ways to begin the process of reducing your debt. The path to financial stability can be one of many tempting offers and services. With so many companies and services available, finding the right solution for your financial  … Read more