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Monthly Archives: January 2009 - Page 2
Credit Card Debt Management— Debt Remediable Finance Program
Posted by
on January 25, 2009
No comments
Too Much Credit Card Debts? How to Get Out of Credit Card Debt Realistically in 1-2 Years
Posted by
on January 21, 2009
No comments
Lisa Archer-Jones asked:
Credit card debt is very easy to acquire but very difficult to get rid of. For that matter any debt that you incur must have a repayment plan. If there is no repayment plan the debt will grow like cancer. Credit card debt has this unique quality of breeding every month. Most Credit card users continue to use their cards regardless of being in debt. This makes sure that the users never get a chance to have a clean break from debt.
The power of Credit cards is simply too intoxicating once you have developed a taste for it. Credit card users need to keep a track of their monthly spending. The concept of credit limit actually promotes spending beyond your means. The credit limit is well beyond your monthly earning. This makes sure that you are perennially in debt. Thereafter you have to make special efforts to move out of debt.
After being down in debt you have to first make a decision to get out of it. Once you have made a resolve to move out of debt solutions will gradually fall in place. The first step is to go in for a counseling. Most non profit organizations provide free counseling to handle your debt. Big ticket debts will require special treatment.
The fastest debt relief solution is debt settlement. This concept provides you the ability to move out of debt within a very short time. You can negotiate with your creditors to cut down your outstanding amount. In case you pay 50 percent of the amount in one go, the creditors will waive the other half of your outstanding amount. To arrange the lump sum amount you can use your savings or go in for a fresh loan on easy installments. This will make sure that as and when you clear the consolidation loan, you become debt free.
Gertrude
Credit card debt is very easy to acquire but very difficult to get rid of. For that matter any debt that you incur must have a repayment plan. If there is no repayment plan the debt will grow like cancer. Credit card debt has this unique quality of breeding every month. Most Credit card users continue to use their cards regardless of being in debt. This makes sure that the users never get a chance to have a clean break from debt.
The power of Credit cards is simply too intoxicating once you have developed a taste for it. Credit card users need to keep a track of their monthly spending. The concept of credit limit actually promotes spending beyond your means. The credit limit is well beyond your monthly earning. This makes sure that you are perennially in debt. Thereafter you have to make special efforts to move out of debt.
After being down in debt you have to first make a decision to get out of it. Once you have made a resolve to move out of debt solutions will gradually fall in place. The first step is to go in for a counseling. Most non profit organizations provide free counseling to handle your debt. Big ticket debts will require special treatment.
The fastest debt relief solution is debt settlement. This concept provides you the ability to move out of debt within a very short time. You can negotiate with your creditors to cut down your outstanding amount. In case you pay 50 percent of the amount in one go, the creditors will waive the other half of your outstanding amount. To arrange the lump sum amount you can use your savings or go in for a fresh loan on easy installments. This will make sure that as and when you clear the consolidation loan, you become debt free.
Gertrude
Credit Card Debt Information : Where to Apply for Your First Credit Card
Posted by
on January 18, 2009
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ehowfinance asked:
Apply for your first credit card by visiting a local bank and asking for a secured credit card. After paying a secured credit card on time for a set period of time, the bank will offer you an unsecured credit card. Find out why it is important to only use credit cards sparingly with information from theowner of a debt settlement company in this free video on credit cards. Expert: Peter Repak Contact: www.ClearFinancialCompany.com Bio: Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company. Filmmaker: Christopher Rokosz
Tanya
Is credit card debt considered an open account or a written contract?
Posted by
on January 17, 2009
3 comments
Stephen S asked:
I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80′s or early 90′s. Thanks.
Alfred
I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the State of Georgia, the Statute of Limitations may or may not apply. The Staute of Limitations is 4 years for open accounts and 6 years for written contracts. Does anyone know for certain which type applies for credit card debt in Georgia? The account is with Citibank MasterCard and was opened in the late 80′s or early 90′s. Thanks.
Alfred
How do I go about consolidating my credit card debt?
Posted by
on January 16, 2009
12 comments
MiM asked:
I have a good credit score, last time I checked about 6 months ago it was about 720-730. Recently I have acquired a big credit card debt, about $9,000 on one credit card (with a limit of $10,000) and about $3,000 on another one (with a limit of $5,000) for many different personal reasons. After the whole spending money ordeal was over, I was left with all this debt on my credit cards. Since then, I have cut back on all unnecessary spending, besides the obvious things like food, gas, etc. I have never been late on payments and have never been over the credit limit. I Also try to pay an extra hundred bucks on top of the minimum payment due when I can. Are there any good ideas on how to consolidate these two credit card debts and help me out with all this? Thanks!
Donald
I have a good credit score, last time I checked about 6 months ago it was about 720-730. Recently I have acquired a big credit card debt, about $9,000 on one credit card (with a limit of $10,000) and about $3,000 on another one (with a limit of $5,000) for many different personal reasons. After the whole spending money ordeal was over, I was left with all this debt on my credit cards. Since then, I have cut back on all unnecessary spending, besides the obvious things like food, gas, etc. I have never been late on payments and have never been over the credit limit. I Also try to pay an extra hundred bucks on top of the minimum payment due when I can. Are there any good ideas on how to consolidate these two credit card debts and help me out with all this? Thanks!
Donald
