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Credit & Debt Consolidation : Transforming Debt Into Wealth

September 1, 2011 By 3 Comments

Transforming debt into wealth is possible. Pay off the debt and then investing wisely with the open credit line. Learn about transforming debt into wealth from a registered financial consultant (RFC) in this free personal finance video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Video Rating: 5 / 5


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    Beware of So-Called Credit Repair Specialists

    August 31, 2011 By Leave a Comment

    Many people today are experiencing severe stress due to lack of employment and a general lack of funds in their income, which has led to faltering credit and sleepless nights. Everywhere you look online or on television and radio you will find advertising for credit repair specialists who are ready and willing to help you out of your mess and get you back onto the road of prosperity. You need to be aware of the growing number of scammers out there preying on stress addled people and especially senior citizens. They falsely advertise themselves as credit repair specialists and professionals when they are in reality nothing more than charlatans and con artists. There are some true professional credit repair specialists and you need to know how to hire the right firm. But you may not have to. That’s right, you might just be able to do it yourself and save a bundle.

    If you have over ten thousand dollars worth of high interest rate credit card debt you are probably struggling each month to make the minimum payments. Since the minimum payments pay mostly interest, you never seem to be able to reduce the principal amount of your balance no matter how many payments you make. Every once in a while the banks will hit you with a steep fee of some sort. You think that these fees are frivolous and that you never signed up for them, but who ever really reads the fine print? Yes, you did sign up for that hefty annual fee and that start-up fee. And when you are late even a few minutes past cutoff in making your payment, guess what? That’s right, late fee. And don’t even think about going over your spending limit because, of course, that is yet another fee.

    If you have a lot of this kind of debt then maybe you do need a credit consolidation or credit repair specialist or firm. On the other hand if you only have a few dings on your credit that you want to clean up, then you can definitely do this yourself and save a bunch of money in the process.

    Getting your credit score back on the right track takes time. You credit score is not going to go up overnight, but there are some techniques that you can use to raise your score by ten, twenty, or even thirty points or more within two to four weeks. You first need to know what your actual credit scores are and for that you need to go online. Go to http://www.freecreditreport.com and register with them, but do not sign up for any trial programs. You just want to register your user name and password then once your account is set up you click the button for ordering your 3 bureau credit report. This is called a tri-merge report and gives you your credit scores from all three of the major credit reporting agencies.

    If you are not familiar with these agencies they are: Experian, Equifax, and Transunion. Sounds like some kind of high tech law firm. Once you get your credit report back you can send dispute letters to, well, dispute any negative items that appear on there. You need to dispute each item with a letter by snail mail and they have to be separate disputes to each of the three bureaus. 30 days later check your credit again and you should see a marked improvement. If not, keep trying. Remember, this process takes time.

    Written by andrebni

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      Consolidated Credit Advises College Freshmen to Review Costs and Spending Habits to Avoid Crushing Debt Upon Graduation

      August 31, 2011 By Leave a Comment


      Fort Lauderdale, FL (PRWEB) August 17, 2011

      College tuition is steadily growing at a national rate of 5 percent each year, but the amount of student debt for 2011 college graduates is 8 percent higher than last year?s. As counselors at Consolidated Credit Counseling Services Inc. get more and more inquiries regarding student debt, they advise incoming college freshmen to evaluate their budget and spending habits to avoid contributing to the upward-spiraling debt trend.

      The 2010-2011 annual tuition for an in-state four-year public school is roughly $ 16,000; for out-of-state students it?s $ 28,000 according to a report from the College Board. For those students attending private institutions tuition is estimated at $ 36,000.

      ?2011 college graduates are leaving school with close to $ 23,000 in debt ? that?s the highest number we?ve ever seen,? said Howard Dvorkin, Founder of Consolidated Credit. ?The students starting college this year, the class of 2015, are going to have to be very careful when choosing loans and funding their education to avoid being victims of high interest loans and fees.?

      With the increasing cost of college, a growing number of students are forced to look at alternate methods of funding. More than 65 percent of students use loans to finance their education. As of December 2010, student debt has accumulated to $ 530 billion.

      Dvorkin offers advice to incoming freshmen who wish to avoid years of paying back debt.

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        credit card consolidation companies

        August 31, 2011 By Leave a Comment

        If you may have massive mortgage and unsecured money owed and also you lack the economic functionality to spend them back, then it is higher time that you choose to look to get a aid option that may support you receive your economic life back so as and to get rid of bank card financial debt legally.

        One way that you choose to can settle big money owed is by entering into a negotiation using the collectors you owe and requesting to get a lessening of your loans that you choose to owe. Even so there are times that this transaction in between you and also the collectors may be difficult and tiresome.

        Enter the financial debt aid business. In times like this whenever you feel that you choose to aren’t acquiring by way of your collectors seek the providers of the reliable and reputable financial debt expert. A financial debt expert can give you a lot of benefits, starting with an accurate and effective appraisal of your economic state and functionality to spend off your mortgage, a customized plan to handle the resolution of your economic problems, and also the support needed to contact and transact along with your collectors and to get rid of bank card financial debt legally and for excellent.

        On best of that, the financial debt expert may also give you valued support in handling the pesky calls from representatives who keep reminding you about dues.

        As your financial debt assistants, the financial debt specialist can take apart these minor irritants and give you some breathing space. Their economic knowledge and years of encounter in dealing with these things give them authority, and make it simpler for them to crack the creditor’s facade and face them in negotiations in your behalf.

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        Once they work with you, you don’t need to worry concerning the state of your negotiations.

        They’ll push to get a offer using the creditor corporations that will decrease your loans to nearly 50 percent, and negotiate to get a cost scheme that is inside your economic functionality to satisfy. This ensures that you choose to can concentrate on clearing out your financial debt and to get rid of bank card financial debt legally in a few years.

        And if that you are worrying more than the additional cost that acquiring the providers of the financial debt aid specialist entails, then worry no more. You’ll not feel a factor mainly because the economic costs that will be extracted by the specialist are worked into the normal month-to-month payments that you choose to have worked out with them, so you’ll be able to be assured that although spending off your money owed, that you are in effect spending for the providers of your financial debt specialist that you are operating with.

        The essential factor to bear in mind right here is that before selecting someone to work with, make sure that the business he works for is licensed and includes a higher proportion of achievement with regards to financial debt management. you’ll be able to do this by checking that has a financial debt aid network which only carries information on reputable corporations. The testimonials of prior borrowers who’ve successfully overcome their money owed may also assist you in making your selection.

        Resolving your economic money owed really should not be brain numbing and aggravating. you’ll be able to seek support that you choose to need to get rid of bank card financial debt legally. Usually do not hesitate to reach out; you don’t need to do this alone. Het support and get out of financial debt now.

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        Information from credit card consolidation services


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          Credit Counseling Debt Consolidation Does Affect Your Credit

          August 30, 2011 By Leave a Comment

          Most Americans are looking for a solution to absolve their debts and improve their financial health. In eliminating debt everyone has heard of the many alternatives in debt management. In joining these programs the primary concern most consumers have is how their credit score will be affected long-term. Debt management, debt consolidation, does affect your credit but it depends on what type of plan you go with. Knowing and understanding how each of these affects your credit can help you make an educated decision that coincides with your financial goals.

          Consolidation Loan: Everyone wants to pay back less in interest and consolidation loans have provided a debt management plan for those who qualify. A consolidation loan provides a line of credit to the consumer in which all their other unsecured debts can be transferred and combined for the convenience of one monthly payment at one interest rate. The amount of debt you owe is not decreased but consolidated into one account to avoid paying various rates to various lenders. This doesn’t necessarily help improve your credit score as you are not decreasing the overall debt, but have taken on one great debt to zero out a few smaller ones. If you have good credit and are having a hard time keeping up with multiple statements and payments a consolidation loan could be beneficial. Run the numbers, see what the rate offered is for the loan and then see when that rate expires and what the default penalties are.

          Debt Settlement: A settlement program is a debt management plan that also manages and consolidates credit debt into one monthly payment. The settlement agency makes settlement offers to the creditors on your behalf in an effort to have the outstanding balance reduced by 60-70 percent. In order to settle with a creditor for a reduced payback amount the debt must first be charged off. A creditor will charge off a debt after it has been delinquent for an extended period of time, usually 5-6 consecutive months. A charged off debt is a serious negative mark on your credit report and remains on your credit for seven years, regardless if the debt is paid back or not. Imagine you loan someone k and after a couple of years they only wind up paying you back 00. Would you be willing to lend that person money again? Probably not and that is how most banks look at charged off debts. Someone concerned about their credit score or looking at purchasing a home or an auto loan in the next ten years may want to reconsider this option. For those who have debts in the rears for more than 6 months, the accounts are already charged off, and are looking at bankruptcy may benefit from a settlement plan versus bankruptcy or credit consolidation.

          Debt Consolidation: Like other options, your unsecured debts are consolidated into one monthly payment and the debts are managed by a third party. A consolidation program negotiates rates and interest with the creditors, not the outstanding balance. This allows consumers to pay back the amount they owe but at reduced rates to allow more of each payment to go to the principle balance over creditor fees and interest. The interest rates are reduced to fixed rates, usually between 0-10 percent. The reduced fees allow the balances to drop faster, lowering the consumers overall debt amount at an accelerated rate. 30 percent of your credit report is determined by the total amount owed. Another 35 percent of your credit score is affected by consecutive payments. Therefore, a consolidation plan can actually improve your credit score over time with consecutive monthly payments and faster balance reductions.

          Speak to a certified credit counselor for a free budget counseling session and credit consolidation consultation. An initial counseling session with a non-profit will help assess what your situation is, your long term financial goals and what option best suits you based on your specific situation. Call a certified credit counselor today 800-905-1563 or visit our website freedomdm.org for a free counseling session.

          Written by BrazierM

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            New Bill Could Stabilize the Struggling Housing Market: Consolidated Credit Counseling Services Explains How it Would Help Homeowners

            August 29, 2011 By Leave a Comment


            Fort Lauderdale, Fla. (PRWEB) August 15, 2011

            The House Financial Services Committee is considering a new bill as a possible strategy to assist stabilizing the housing market while easing the pressure that unsold inventories of vacant,foreclosed homes are putting on the neighborhoods throughout America.

            The Neighborhood Preservation Act of 2011 (H.R. 2636) would authorize FDIC-member banks as well as Fannie Mae and Freddie Mac to enter into five-year lease agreements to rent Real Estate Owned properties back to the foreclosed homeowner or another individual.

            ?With so many foreclosed properties flooding neighborhoods, renting the properties could be a great idea. It would add stability to communities because the homes would be maintained until housing prices begin to rebound. By the time the houses are ready to be sold they will hopefully increase in value, allowing the lenders to cut their mortgage losses,? says Howard Dvorkin, CPA and founder of Consolidated Counseling Service Inc. which is certified by the U.S. Department of Housing and Urban Development (HUD) as a housing counseling agency to help people manage their mortgage, foreclosure, reverse mortgage and/or purchase of a home.

            Consolidated Credit breaks down the key consumer points of the proposed bill:


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              Credit Debt Consolidation Help Announce New Web Site: Credit-Debt-Consolidation-Help.com, Providing a Forum for All Debtors

              August 28, 2011 By Leave a Comment

              Miami, FL (PRWEB) March 18, 2005

              Credit Debt Consolidation Help Announces releases credit-debt-consolidation-help.com.

              “Our website is designed to help debtor find answers to their questions in our forums,” says Richard Victor, President of Credit Debt Consolidation Help.

              “The forums of credit-debt-consolidation-help.com contain thousands of contributions related to credit, debt and money issues. Hopefully our visitors will find the answers that they are seeking,” explains Mr. Victor.

              The website contains more than 60,000 entries related to debt relief. Forum topics include Non-profit credit, Investing and Financial planning, Mutual Funds, Stocks and two separate forums covering taxes and debt consolidation.

              “When people start searching for debt consolidation, they may not be ready to commit to a program. We like to give our visitors as much information as is available so that they may make a qualified, informed decision.”, states the president. “Of course, we would like our visitors to take action, which is why we offer a free $ 15.00 Music Gift Card with every accepted application.”

              About Credit Debt Consolidation Help

              Credit Debt Consolidation Help was started by Richard Victor as a way to provide an information service to clients seeking debt consolidation. Operating since 2004, Credit Debt Consolidation Help operates in 8 countries and has been providing debt relief in America.

              For Further Information Contact:

              Richard Victor

              Credit Debt Consolidation Help

              305-895-6663

              sales@credit-debt-consolidation-help.com

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                Understanding When To Consider Credit Consolidation

                August 28, 2011 By Leave a Comment

                Article by Jon Arnold

                When looking at your debt, you have a variety of options to eliminate your debt and no longer let it take over your life. One of the most viable options is debt consolidation. When considering debt consolidation it is important that you consider several different factors, to ensure that this is the right course of action for you and your particular situation. Credit consolidation is just that, it is where you are consolidating your credit card bills and loans into one easy to make payment.

                If you are looking to lower you overall interest rates, then debt consolidation may be the way to go. Consolidating your debt into one payment can wipe out the need to pay multiple interest rates. With each credit card you own or each loan you have taken out, a percentage of your monthly payment is going towards the interest. With credit consolidation, you are putting all of your loans and credit cards into one simple payment. Therefore, you are only paying one interest rate. And in the long run, this can save you a considerable amount of money.

                For many people, making monthly payments can be extremely difficult. People often find themselves overwhelmed by the debt they have accumulated. Debt can easily sneak up on a person, especially when they are using a credit card. Therefore, if your monthly payments are more than you can handle, consolidating your overall debt may just be the answer.

                With each credit card you own and with each loan you have, you have a minimum monthly payment that needs to be paid. However, there are times when making the minimum monthly payment becomes impossible. Whether it is because you have taken on too much overall debt and cannot make the payment or you have been laid off from your job, it may be hard or even impossible to come up with the monthly payment. Therefore, consolidating your debt into one simple payment may be the answer.

                Using credit consolidation can allow you to learn from your mistakes. We all make mistakes from time to time. When talking about credit and debt, it is easy to make the mistake of taking on too much. By using credit consolidation, you are then given the chance to start over. With a more manageable payment each month, you can begin wiping out your debt. After your debt is gone, it is important that you do not put yourself in that type of situation again. Therefore, after you have consolidated your debt, you will need to quit using your credit cards.

                When learning to live without your credit cards, it is important to try and keep one with a low interest rate. This credit card can be used should an emergency arrive. However, it is important that you are able to distinguish the difference between a true emergency and a simple want. A one day only sale at the local store does not constitute an emergency. However, a car that brakes down and needs immediate repairs would be considered an emergency.

                Credit consolidation is not for everyone. The above are just some of the circumstances where consolidating your debt should be considered. When considering credit consolidation, be sure to research all of your options and realize that you will still need to pay your bills. After debt consolidation they will just be in an easier to pay monthly bill.

                For more insights and additional information about Credit Consolidation as well as getting a free credit consolidation quote, please visit our web site at http://www.debtconsolidationstrategies.com











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                  Hispanic Community Hit Hardest by Recession — Consolidated Credit Counseling Services, Inc. Reaches Out

                  August 24, 2011 By Leave a Comment


                  Fort Lauderdale, FL (PRWEB) August 01, 2011

                  The Hispanic community has been hit hardest by the economic recession, according to a new study conducted by the Pew Foundation. Results showed that Hispanic families experienced the largest decline in wealth compared to any other ethnic groups in the country. It is estimated that one million Hispanic callers have sought professional financial advice from Consolidated Credit?s certified counselors in the wake of this recession.

                  The economic study, which used information from the Census Bureau, showed that the median wealth of Hispanic households fell by 66 percent from 2005 to 2009. Black households suffered a 53% drop in net worth over the same period. By contrast, whites saw a decline of 16% in household wealth. The median level of home equity held by Hispanic homeowners was cut in half – from $ 99,983 to $ 49,145 – and homeownership rate among Hispanics declined from 51 percent to 47 percent. These figures show the largest wealth difference in the 25 years that the bureau has been collecting data, according to the report.

                  Large populations of Hispanics live in California, Florida, Nevada and Arizona, which are some of the states experiencing the steepest declines in housing values. Consolidated Credit, located in Ft. Lauderdale, FL has helped numerous families; both locally and nationally, change their spending habits to adjust to the recession setbacks.

                  ?The economy fluctuates in ways beyond our control,? said Howard Dvorkin, CPA and founder of Consolidated Credit. ?The best way to stay on top of everything is to gain knowledge of your financial situation and adjust your expenses accordingly. Take advantage of free credit reports and create a budget to develop a money management plan.?

                  Over 60 percent of Consolidated Credit?s financial counselors are bi-lingual, speaking both English and Spanish. These counselors provide one-on-one advice and guidance as to the best solution to an individual?s situation. Consolidated Credit has reached out to the Hispanic community by addressing financial problems at different events and group meetings, as well as on radio and television.

                  Consolidated Credit also has a dedicated spanish credit counseling website to for the Hispanic community, where users can get access to a Learning Center and Budget Analysis tool. Several free educational booklets have also been translated into Spanish. Titles include “Make the Most of Your Credit Score,” ?Credit Cards: What You Need to Know? and ?Understanding Your Credit Card Statement.?

                  Consolidated Credit urges the Hispanic community and other people affected by the recession to contact a certified financial counselor and get free expert advice on their specific situation. Counselors are trained in debt management, credit counseling, housing counseling, credit card debt and other personal finances.

                  About Consolidated Credit Counseling Services, Inc.

                  Consolidated Credit Counseling Services, founded in 1993, is one of the nation?s largest credit counseling organizations in the country. Consolidated Credit?s mission is to assist families throughout the United States in ending financial crisis, and solving money management problems through education and professional counseling. As a nationally recognized organization, Consolidated Credit has helped millions households annually with their personal finances. For free and affordable confidential advice call 1-800-728-3632 or visit http://www.ConsolidatedCredit.org.

                  Stay Connected With Consolidated Credit:

                  Visit us on the Web at http://www.ConsoldiatedCredit.org

                  Become a fan of Consolidated Credit on Facebook

                  Follow Consolidated Credit on Twitter

                  Add Consolidated Credit on YouTube

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                    Dept Consolidation Help – Bad Credit Dept Consolidation Loan

                    August 24, 2011 By Leave a Comment

                    Dept Consolidation Help – Bad Credit Dept Consolidation Loan Many people experiencing difficulties with debt and seeking professional help will be wondering about the best way to get debt consolidation online. It’s true that most mainstream businesses now have an online presence, and the…
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                    Eliminate credit card debt by accruing more savings than debt. Learn to eliminate credit card debt from a registered financial consultant (RFC) in this free personal finance video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
                    Video Rating: 0 / 5


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