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Debt settlement refers to the settlement with your creditor where he has agreed to accept a less amount in full settlement of the amount you owe to him. In other words, it also means that the creditors won't hound you anymore for its money. Debt settlement companies act as negotiators who negotiate your settlement with the creditors. It seems to be a good deal, but it might even be risky due to the following reasons: The option of the settlement of debt can destroy your credit. To settle may take a long period,i.e.…continue reading →

If it's been more than a year when you are carrying a certain amount of debt in your credit card and you are burdened with the monthly payments and increasing interest rate, then a plan to pay off your debt will be very helpful. Credit card consolidation is one such option that will help in this situation. A credit card consolidation company will offer you it's services. What do you mean by credit card consolidation? In this case, a new loan is taken to pay off the balances on any outstanding credit cards.…continue reading →

Are you in search of debt solutions? If yes, you must have come across a lot of debt management programs. You might have looked into a variety of options and be confused regarding their working. Let's know more about ways of handling debt and the differences between them and also about debt settlement companies. Debt solutions: Use caution Before getting into an agreement with any debt solutions company or debt relief services, experts recommend you to use caution and also do research about the service provider you are going to hire. Do not…continue reading →

If the IRS seizes a property that they have placed a lien against them and levy occurs. The IRS can levy different types of property - it is of value, it may be a candidate. A levy can be issued after the following actions are conducted: A notice and demand for payment are sent by the IRS. If you have refused or neglected in paying the taxes. If you have received a "Final notice of intent to levy". You can modify or stop levies, but that is not an automatic solution. Here are…continue reading →

Are you confused about whether to file a chapter 7 or chapter 13 Bankruptcy? Generally, bankruptcies are filed under chapter 7 or chapter 13 bankruptcy. Through this blog, you will figure out the differences between chapter 7 bankruptcy and chapter 13. Chapter 7 Bankruptcy This is a liquidation bankruptcy where most of your general unsecured debts like credit cards and medical bills are wiped out without any requirement of paying back balances with the help of repayment plan. In order to qualify for Chapter 7 Bankruptcy, you have to satisfy the income requirements.…continue reading →

Financial stability can be tough to maintain, especially if you're neck-deep in debts or cannot prepare appropriate budgets to make correct financial decisions. This is where a credit counselling agency can help you. Credit counselling services are designed to help people avoid bankruptcy and live freely beyond paying checks and bills. Here's how a credit counselling agency can help you. Curating a debt management plan to fit your financial position - A credit counsellor will help you come up with appropriate debt management plans which would facilitate easy paying off your debt at…continue reading →

Are you having trouble sleeping at night due to the burden of your financial debts? Do you wonder whether you'll ever be capable of getting out of debt and have financial freedom again? Well, it is possible to be financially sound again, regardless of how much you owe. All you need is to understand how debt settlement works and have a little bit of patience. What is a debt settlement? Once you decide to stop paying your creditors in a pre-decided way, your initial creditor will try to persuade you to make payment.…continue reading →

Are you living frugally so that you can save some extra dollars? Surely it does help you live within your means. But, frugality is not just about saving money, it is about making good financial decisions that can help you save over the long haul. Unfortunately, spending money wisely is an important life skill that many people lack. Worse being too thrifty can harm your bottom line if you are not careful. Here are a few thrifty shoppers’ missteps that can end up being the antithesis of frugality. Avoid them as there are…continue reading →

Financial success means different things to different people. To some, it may mean having a few million in the bank, for others, it may mean simply being able to live a comfortable life or send their children to college without incurring a great deal of debt. While there are different ways to define financial success, there is only one real way to achieve it and that is to manage your money responsibly. But, how can you do that? Check-out these five simple financial strategies that can help you achieve financial success and put…continue reading →

Gone are the days when allowances were paid to kids in cold hard cash just the day after their own parents’ payday, for achieving good grades or completing the chores allotted to them. In our ever-changing modern world where people hardly ever carry any cash, it should not come as a surprise that kids also will receive their weekly allowance in an entirely new form. According to The New York Times children will now receive prepaid debit cards which can be reloaded by their parents. It is all due to the shift to…continue reading →