Handling and managing multiple credit cards is nothing less than an art. If you are not able to make proper use of the cards, you are destined to fall into trouble and end up paying huge sum for your negligence. It has been observed that most of the people facing trouble with credit cards have either misused the plastic money or have not been able to manage it properly. So, the bottom line here is that if you learn how to manage...more
Can you believe that your total debt amount can actually be eliminated and you can escape just by paying half of it? It might sound unbelievable, but few relief programs are really effective and they can help you split debt in half and then you can easily repay the bills without feeling it much. There are few proven solutions that can make you believe on it and help you find right process for cutting down credit card debt.Thanks to...more
A debt settlement program is one of the most attractive and popular alternative of dealing with a crisis situation and to eliminate the debt. It is a process of settling your debt through a radical approach which involves negotiation where the both the parties i.e. the debtor and creditor agrees upon a common reduced amount which the debtor will consider as a full payment for the outstanding balance owed by the customer. But, before considering settlement as the best option we should also weigh its pros and cons to evaluate where this plan is really suitable to them.The benefits of having a settlement are - Firstly, it is a very effective relief option which can help you enjoy the liberation by cutting down your finances and toning down your debts that too at a considerable lower debt amount. Besides the obvious merit of settlement, the other benefit is no longer disturbance with the harassing collection calls by the lenders as Debt settlement companies personally deal with your lenders by contacting them and informing them that now they are your representatives. Secondly, the benefit of this method is Saving Money. People can actually save up to 40- 60% of their...more
Everyone is of the opinion that the common people are the worse affected of this economic crunch and global slowdown since they are the most vulnerable to this shortage of money in the whole economy. However, reports show that the financial sector and banks are suffering big time too as they have huge money at stake and their debtors...more
As the economic crisis continues to increase and financial slowdown is at an all-time high the people are struggling to deal with their monetary obligations and to free themselves from the clutches of this economic crunch. To overcome this situation people want a program or service structured on bailing them out of this whirlpool as...more
The new regulations imposed by the government on the card companies is definitely going to bring sweeping changes in the Credit banks and on the whole in the financial market. With the modifications in the Credit card policies the predatory and unfair tactics applied by the Credit card companies is going to eliminate and the poor credit cardholders can breathe a sigh of relief. A card debt is a unsecured debt accumulated by customers when they purchase any item via credit card and the debt increases with the addition of interest and penalties as the consumer is unable to pay and soon theses debts becomes unmanageable and a huge liability.Few years back the most viable and lucrative alternative in front of the customers seemed to be filing for bankruptcy but with the recent changes and modifications in the credit card policies it is harder to file for it. The main highlight of this new policy is stricter finance charge and increase in interest rate rules. The law limits hike on interest rates on existing balances and also formulated that there will be no increase on interest rate in the first 12 months of purchasing a card, Now this is a huge relief to the customers as...more
Expenses are a part of life. If dealt with properly then life becomes easy. But if you fail to utilize it in a proper manner then it back fires at you. In other words, if you fail to repay the funds you have borrowed in time you are tagged as a bad...more
In today's world, the credit card usage is much higher than the cash money by masses all over the world. But this habit of ours is making us prone to more and more debts as we normally overuse and accumulate a huge debt in favor of the...more
Credit history of the borrower is checked to approve the loans widely in Australia. People with good credit record are approved for loans with no hassles. But the people with bad credit faces some problems in getting the loan approved. Many people...more
Being stuck in the credit card debt can be quite stressful and strenuous for any person who is dealing with such situation. The credit card companies further infuriates and irritate the customers by making collection calls for the debt...more
The most effective and influential way of dealing with your debts is Debt Settlement, also known as Debt negotiation and credit settlement. This Debt settlement is basically a radical approach where the both the parties i.e. the debtor...more
For someone knee deep in debt, bankruptcy is no easy option out of this problem. Usually people blindly exceed their credit card limits without thinking. And when the time comes to pay, they find their pockets empty and their savings...more