Author Archives: abarnes
Debt Consolidation – The Worst Thing You Can Do!
Using home equity or retirement savings to pay off credit card debt is never a good idea. In fact, it is financial suicide. Unfortunately, more and more lenders are pushing people in that direction. If debt consolidation is such a great way to get out of debt, why are so many Americans still struggling just [...]
Five Ways To Avoid Bankruptcy
Unfortunately, credit card debt has become a way of life for many Americans. Are you considering filing chapter 7 or 13 and trying to find a way to avoid bankruptcy? The tragic truth is that many consumers feel the only way out is bankruptcy and needlessly file what was, in many cases, totally avoidable. Because [...]
Consumers Better Served by Debt Settlement Companies
According to a press release issued on May 30, 2009 by TASC, consumers seeking to manage their debt have higher success rates when using credible debt settlement companies rather than credit counseling services, The Association of Settlement Companies (TASC) revealed today in its analysis of both industries.Â
Below is a brief portion of the article to [...]
Myths About Credit Scores And Credit Reports
Don’t be misled by credit myths. Understand what truly affects your credit score so you can work to improve it. Unfortunately, a lot of credit score myths about fico score ratings get spread around and some of them are just outdated information. Whether you are considering a home loan refinance to take advantage of low [...]
Alternatives to Debt Settlement
1. Obtain a Debt Consolidation Loan as an Alternative to Debt Settlement
All things considered, a debt consolidation loan is certainly not the worst thing you could do; however, to qualify, you must own a home, have some property or have some significant assets to pledge as collateral for the loan. Without that, a loan isn’t [...]
Dealing With Debt Collection Calls
When Debt Collections Calls Start: Coping With Debt Collectors  Â
When the debt collection calls start, so does the stress! It often proves difficult for the average person to interact and negotiate a debt collector on their own behalf. In fact, the entire debt collection process, by design, is very stressful and that stress tends to wear [...]