Black Friday deals, sleeping in tents outside big box retailers, stampeding department stores. It’s all part of the holiday rush to find a deal. There are some deals however that should definitely be avoided. This year, bargain hunters are faced with a very tempting offer. Credit card companies are offering rewards to cardholders that use credit [...]
The latest reports are in. Graduating students owe approximately $23,000 in student loan debt on average. This translates into over $830 billion dollars in student loan debt nationally. Compare that to the just over $825 billion in credit card debt and we have a winner! Not really. You see, any federally funded student loan debt cannot [...]
The FICO credit scores of US consumers are crashing and burning. You’ve probably already read that millions of people across America (43 million to be exact) are sinking below a FICO score of 600. The plummet is being fueled by rising credit card debt, foreclosures, late payments and otherwise huge amount of debt. In [...]
It’s in all the recent headlines: Consumer Credit Card Debt Falling! The Fed reports that consumers eliminated their credit card debt by about $7.5 billion dollars in May of 2010 and from 2008 it’s reported to be down by 13% which is $127 billion dollars.[1] It all looks very ‘rosey’ indeed. Even late payments are [...]
This post is the first in our ‘Case Studies’ series which will detail actual comparisons in debt settlement costs compared to debt resolution costs. These are real examples, submitted by clients and they are provided in order to help you choose a debt management solution. Whether you have credit card debt or other unsecured debt, [...]
We’ve been posting a lot on debt settlement companies, their fees, pros and cons, etc. We thought it would be beneficial to list the top 5 questions you should ask before selecting the best debt management solution, especially when it comes to debt settlement. Now, we are not slamming ALL debt settlement or debt [...]
Okay well here we go again. I’m not one for beating a dead horse over this, but I am amazed every time I hear about it. I just got off the phone with another caller who was ’shopping around’ for a debt management company. She had a quote in hand from a very popular (& [...]
We talk about this a lot on our posts, but it’s worth repeating. Consider fees when shopping around for debt settlement or debt management companies. In our experience, sales reps ’selling’ you on a debt settlement program have a sliding scale on which they are paid out commissions. What this means is that they have [...]
Ah, but if only we could speak to customers BEFORE they sign up with debt settlement companies………… How many times have we heard a customer tell us: “OMG They Never Told Me That!” They never see it coming; the fees, the taxes, the ineffectiveness. WHAM! Then it’s too late.
Unfortunately, many customers that we can save money [...]
Ironically after finishing my post yesterday about cardholders calling their creditors for help, I received a call from a potential client strapped with credit card debt. He told me he did try to call his credit card company and was refused any kind of help. Now this is a major credit card company. I’m [...]
