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September 1, 2011 By 1 Comment

www.simple-steps-to-financial-freedom.com Save Tens of THOUSANDS of dollars and shave YEARS off the time you’re in debt by using this FREE debt reduction calculator. Do you want to save yourself 000 to 0000+ over then next 10 to 20 years? If so… PLEASE watch this video. Most people are not aware of the simple strategies they can use to get out of debt fast and save big money on interest payments. This is the best debt reduction calculator I’ve found and it does what I’ve seen other companies charge 00 to 00 dollars to do. www.simple-steps-to-financial-freedom.com
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Ron Paul explains the Federal Reserve’s Fictitious Debt and how they created debt out of thin air. Ronpaul2012.com
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    Olin Business School at Washington University in St. Louis Study Finds Consumers Lack Good Strategies to Reduce Debt

    September 1, 2011 By Leave a Comment

    St. Louis, MO (PRWEB) July 31, 2011

    What?s the best way to pay off debt?

    It?s simple. After making required payments to avoid penalties, pay down the loan with the highest interest rate. But consumers take a slightly different approach, according to a consumer behavior expert at Olin Business School at Washington University in St. Louis.

    ?Our research finds that people really like closing accounts,? says Cynthia Cryder, PhD, assistant professor of marketing. ?They will close a small debt account with a low interest rate at the expense of paying down a larger loan with a higher interest rate.?

    Cryder, along with co-authors Shahar Ayal, Moty Amar and Dan Ariely of Duke University and Scott Rick of the University of Michigan, designed several studies to examine how consumers manage debt portfolios.

    The article describing this research, titled ?Winning the Battle But Losing the War: The Psychology of Debt Management? is forthcoming in the Journal of Marketing Research.

    Drawing on prior work about the psychology of decisions and goal pursuit, the researchers hypothesized that consumers saddled with multiple debts will primarily be motivated to reduce their total number of outstanding loans, rather than to reduce their total debt across loans, a phenomenon they refer to as debt account aversion.

    Throughout a series of debt-management experiments, the researchers found that participants consistently paid off small debts first, even though the larger debts in the study had higher interest rates. In fact, no participant in their sample consistently used their cash to pay off the loan with the highest interest rate.

    Because small losses impose a disproportionately heavy psychological burden, the authors argue, eliminating a small debt may offer greater relief than making an equivalent reduction to a larger debt.

    Still, ?while it is attractive to close an account, that?s not necessarily the best approach to minimizing your debt burden,? Cryder says.

    The researchers found a few strategies that help encourage optimal debt management decisions. Debt consolidation schemes that combine several small debt pools into fewer larger ones eliminate tempting small accounts and encourage people to focus on interest rates.

    Also, explicitly focusing people?s attention on the actual dollars spent on interest payments encouraged people to prioritize interest rates, and helped them reduce overall debt more quickly.

    To optimally reduce overall debt, Cryder says, always put extra money toward loans with high interest rates. When behavior is debt account-averse, consumers are winning the battle, but ultimately losing the war against debt repayment.

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      Using Free Debt Reduction Calculator

      September 1, 2011 By Leave a Comment

      The free debt reduction calculator provides the consumer with the necessary support by taking in all information such as the total unpaid balance, rates of interest and monthly installments. The consumer can make the necessary changes in the pay off pattern e.g. by increasing the monthly payments on the basis of their affordability which shall be evident in the rest of the unpaid balances. In other words, a free debt reduction calculator not only shows the amount of monthly payments to be made by the debtor but also the duration of time within which the consumer will actually become debt free. In addition to this, a free debt reduction calculator can also help the consumer to assess their financial situation. For instance, by entering the present data in the free debt reduction calculator, it is possible to evaluate the time by which the debts are supposed to be paid off and thus it will be possible for the debtor to envisage the present state of finances.

      The free debt reduction calculator is an online financial tool and there are several types of such calculators which are loaded with specific features and characteristics. Some of them have inbuilt spaces to enter information such as the amount of debts, rates of interest and the monthly payments which helps the consumers to have an estimation of the time. The benefits do not stop here and by entering the approximate date on which the consumer plans to start with the first payment of debts and also the date in which the consumer will supposedly become debt free. The free debt reduction calculator also provides a comprehensive guideline about the repayment strategies such as the debt snowball method in which the debts are paid off one at a time. For instance, the credit cards with lowest rates of interest are paid off at first followed by the ones with higher rates of interest. Therefore, if the monthly payments are increased to a certain extent, the debts will be resolved much easily.

      The chief motto of using a free debt reduction calculator is to create a practical and reasonable plan on managing the debts and the finances at the same time. A majority of people remain confused about the debt reduction procedures and the way in which they should be approached. The free debt reduction calculator is one of those tools which assist the consumers to consider the perfect debt reduction procedure. There can be several ways to eliminate debts but not all of them would be suitable for everyone and this is where the free debt reduction calculator comes to help. As a result of making the correct choice of the debt reduction techniques, the consumers are able to improve their financial future considerably. It is one of those tools which help to analyze even the slightest changes which may occur while carrying on with the debt elimination procedure.

      Written by bestdebtcare

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        Using Goal Seek For Great Debt Reduction Justice

        August 31, 2011 By Leave a Comment

        The built-in Goal Seek function is a handy way to quickly find particular numbers in your financial spreadsheets. Or any spreadsheets, for that matter! In this example, we’re using it to determine the minimum monthly payment amount needed to reach a debt payoff goal. It could also be used similarly for savings and investment goals.
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        New research from Olin’s Cynthia Cryder finds consumers don’t approach the task of paying down debt in a constructive manner.


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          How Effective Are Credit Card Debt Reduction Techniques?

          August 30, 2011 By Leave a Comment

          Due to the recession, many creditors are “loosening up” by negotiating with struggling debtors. Therefore, many credit card debt reduction techniques can save you money if you take the effort to utilize them.

          If you’re interested indebt reduction, you can callyour creditors and negotiate a lowerinterest rate, and even negotiate late fees and interest, if applicable. A cheaperinterest rate means you’ll pay less overall for yourpurchases.

          While youcontact your bank cardcompany, you mayexplain that you arefacing financial challenges, but would want toensure them that you have the ability tokeep up with your charge cardobligations. If the customer service repis reluctant tohelp, ask to speak to a manager. If that doesn’t work, consider switching the account balanceto a company that may bewilling to offer alower rate of intereston your transferred balance.

          You shouldthen let your currentcompany know of thelower interest rateyou’ve been offered. This will give you better leverage. In case yourcurrent debit cardcompany isn’t preparedbeat this offer, however, you’ll likely flourishif you transfer your balance.

          Among the list ofworst stepsis to continue making minimum payments. While making minimum payments will keep you out of collections, this practice typically results ina much longer periodof repaying the debt (about 8-12 years to pay off every 10k of credit card debt).

          If you carry an abundance ofcredit card debt, you mightlook into a debt management  program. Exactly howthese programs operate isthat the consumer pays the agreed uponmonthly figure tothe credit counseling company and offersthem authorization to makepayments on theindividual creditors.The debt management company negotiates lower interest rates, or sometimes, zero interest. Late fees and unpaid interest are also negotiated.

          Creditors are oftenwilling to make such arrangements, since they aremore likely to receive payments when they’re duefrom the help of a debtorganization than an over-burdened consumer.

          It’s also possible tocheck out debt negotiation. Due to the struggling economy, these programs have increased in popularity. You may be out of debtin about 2-4 years andsubstantially decreaseyour monthly payment.

          To sum up, there are different credit card debt reduction techniques for you to choose. If you aren’t struggling, then try to reduce your rates on your own. However, if you feel that you aren’t getting anywhere by making minimum payments, then you may want to seek the advice of a debt consultant.

          Written by Joseph Hernandez
          Debt Consultant

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            Biggert Supports Debt Reduction Deal

            August 29, 2011 By Leave a Comment

            US Rep. Judy Biggert (R-IL-13) expresses support for the bipartisan debt ceiling compromise which will give Americans the peace of mind they deserve by preventing a default, cutting spending, and holding Congress and the President accountable for spending decisions down the road.
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            US Sen. David Vitter speaks on the Senate floor about the need to start debating substantive bills focusing on debt reduction instead of any other legislation.
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              Pay Down the National Debt Instead of Contributing to Political Campaigns

              August 28, 2011 By Leave a Comment


              Endicott, NY (PRWEB) August 26, 2011

              Today, the Association to Reduce the National Debt launched the ?Campaign Dollars to Debt Reduction? program to give Americans an alternative to contributing to divisive political campaigns. Instead, they can make a contribution to help reduce the national debt at http://www.reducethenationaldebt.org. It is a way that Americans can work together to help solve our debt crisis, while sending a message to our elected officials that they too need to start working together.

              According to Seth Eisenberg, founder and president of the Association to Reduce the National Debt, the ?Campaign Dollars to Debt Reduction? program was launched in response to the recent announcement that over 100 corporations will cease funding political campaigns until Washington stops the partisan gridlock that is aggravating the debt problem. Eisenberg applauds these corporations, but suggests that giving that money to lower the national debt is an even more effective way for individuals and corporations to have an impact.

              ?Billions of dollars are spent on political campaigns annually. Why put that money into the hands of the people who created this mess just so they can get re-elected, when it could be put to a much better use?? said Eisenberg. ?By participating in the ?Campaign Dollars to Debt Reduction? program, our donors? money goes to work for our country today. People are tired of Washington?s failure to implement real solutions and are no longer willing to sit back, watch, and wait. They are ready to unite as patriotic Americans to solve this problem. The Association to Reduce the National Debt is empowering Americans to do just that.? In fact, the Association?s community of donors and supporters has grown dramatically in a very short time as Americans responded to the debt crisis.

              ?Donors send a clear and unmistakable message to political candidates by giving to reduce the debt instead of giving to political campaigns. They are telling candidates that the flow of campaign contributions will stop until our elected officials prove they can work together to solve the big, important problems that are affecting every American today. This is an opportunity to lead our leaders and to have a positive impact on the debt right now.?

              Contact Information:

              The Association to Reduce the National Debt is a not-for-profit, non-partisan charity dedicated to reducing the public debt and helping to ensure the country’s vitality, security, strength and freedoms.

              If you’d like more information, or to schedule an interview with Seth Eisenberg, please call Seth at 607-341-5542 or e-mail him at seth(at)reducethenationaldebt(dot)org.

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                It’s Time Congress Get Serious About Debt Reduction & Job Creation and Stop GOP Assault on Medicare

                August 26, 2011 By 25 Comments

                Leader Pelosi: But the fact is that what’s happening this floor is not serious. It’s not serious. But the subject it addresses is serious. It’s time for this Congress of the United States to get serious about debt reduction, job creation and to stop this assault on Medicare which is the basis for this legislation today. Republicans voted to end Medicare and put insurance companies in charge, and now they are threatening our economy with a reckless stunt in order to get their way. Today the House is considering a resolution to increase the debt ceiling—House Republicans oppose this bill and admit cannot pass the House under suspension of the rules which requires 2/3 for passage. An increase in the debt ceiling is required to prevent default on the debt created by George W. Bush, not to approve new spending. Democrats, Republicans and the Obama Administration have been engaged for weeks in bipartisan deficit reduction discussions. In fact, tomorrow President Obama is hosting a meeting of House Republicans at the White House to discuss responsible debt reduction. It is bad faith for Republicans to jeopardize those bipartisan negotiations by forcing a vote on a divisive default resolution. Democrats are committed to responsible deficit reduction to prevent more debt.
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                  Blackburn Discusses Boehner Debt Reduction Plan

                  August 26, 2011 By Leave a Comment

                  “What we’re trying to do is solve the problem. Not only for the near-term, but for the long-term.”
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                    Mortgage Debt Reduction Tool

                    August 24, 2011 By Leave a Comment

                    cheaprealtorsite.com This mortgage debt reduction tool is a simple amortization tool that will help you calculate on an on going basis how extra payments can reduce the interest on the mortgage. This allows you to pay down the mortgage much quicker which saves you a tremendous amount of interest. The example I go through in the video shows where I prepay 0 monthly for the first 13 months, a total of 00. That ends up saving over 500 dollars. That’s what I call a good investment. If you would like to get a copy of the amortization tool completely for free, just go to the link at www.kingwoodmortgageguy.com See how quickly you can pay off your mortgage. Why did I develop the Mortgage Debt Reduction Tool? Several important reasons; (1) It will help you, or if not you, it will help someone pay their mortgage down faster. (2) Would you like to pay less for your mortgage? (3) Would you like to pay for a shorter term? (4) Does the term financial freedom mean anything to you? (5) Paying down your mortgage is usually the last thing you pay off just before you are completely debt free. (6) God wants you to be debt free. Simple question, would you rather pay dollars for an item or 0 dollars for the same item? Dumb question right. Well the way mortgage amortization works is, the majority of the interest is paid by the comsumer in the early years of the mortgage. In other words the banker gets his money back first. The way you reduce the amount of interest paid is you …
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