Archive for the ‘Debt management’ Category

Importance of debt management

Tuesday, June 11th, 2013

Debt Management, debtAre you drowned in debt up to the neck? Are you finding it very live due to the disturbing phone calls every other hour? Well in such cases you should go for debt management as that is the only way which can save you from the grave danger.

There are many agencies which provide you debt management advice and help you clear off all your debts. This will also relive from the threatening calls from your lenders and also from the disturbance caused by the recovery agents of the banks or the other financial organizations.
You negotiate with your lenders either to free you of the interest to be paid or to lower the interest rates so that you can repay the loan. Instead of paying all the lenders at the same time, by debt management you can also pay one lender at a time thus the situation would be much easier for you.

If the loan amount is too high then you can also enter in to some settlement to clear off the debt and all this is possible only debt management. So instead to running away from your lenders talk to them face to face to manage your debt successfully.

Golden Rules Of Healthy Debt Management

Saturday, May 4th, 2013

Healthy Debt ManagementManaging your debts should be one’s priority when it comes to safeguarding finance. The main reason a person lands in debt is due to improper management of financial issues. When already in debt the best a person can do is take up a government debt settlement plan. If you are not well read about the financial issues on question, best be prepared with the facts. If you are good with communication you can choose to negotiate with the creditors to settle the debt amount as best as you can.

One can also get a settlement company to deal with the financial jargon of debt management. They would then provide with expertise in negotiation over debt settlement issues which will best suit the debtor in question. There are some habits that can actually benefit managing debts, such as carefully taking each and every transaction into notice before passing hem over and making sure to buy things that are actually needed.


What is a debt review process?

Friday, November 2nd, 2012

 debt review, debtA debt review process can be a very helpful process for you if you are drowned in debt and have no way of getting out of the situation. At the beginning of the process of debt review, you will have to provide your counselor with all the details of the monthly budget. This information is very important and without it the counselor will not be able to begin the process.

It is very important that you are completely clean about the information as the process will be very important for finding way of getting you back on your feet after clearing off the debts. By evaluating your current financial condition, the counselor will come to a point of negotiation with the creditor. it is important that some money is left over after calculating your daily expenses. The counselor will not be able to go forward with the process of negotiation if there is no money left.

How to handle debt collectors

Saturday, October 13th, 2012

handle debt collectors, debtDebt collectors are those people who come for the collection of money. In many a cases, unfair means may be adopted by the agencies for the collection of debt. Therefore, you need to follow a few steps in order to handle the debt collectors. It is important that you ask for the written proofs, from the collector asking him to stop contacting you.

As per law, the debtor has to acknowledge the letter but he may take legal actions for recovering his debt as well. As a rule, you cannot be disturbed by the debt collectors before 8 in the morning and 9 at night without your permission. Therefore, you are entitled to legal help if that happens. Then, it is also forbidden by the law to disturb you at the time of work hours if you have already specified that it may cause problems. You can sue him if you feel harassed.

What is corporate debt reconstruction all about?

Tuesday, September 11th, 2012

corporate debt, debtWhen you are a part of a company, you will understand that there are many a time in the course of business when you might have to take financial help in form of loans. The debts have to be paid off in time otherwise problems might occur later which can directly affect the business. If you are facing such a situation, you might have to turn to corporate debt reconstruction which can help you get out of your debts in an easier manner, without affecting your company.

This is not the first time where a company might face financial crisis. It has happened before and it can happen again. There are even times when there is a chance when the company might go bankrupt. That is when you can even go and talk to your creditors for negotiations. If that doesn’t work, you should go for the corporate debt reconstruction plan.

Structured Settlement: Its Pros and Cons

Friday, June 1st, 2012

When one opts for structured settlements, there are quite a few advantages and disadvantages as well. Let us start off with the pros of going for structured settlements. The best aspect of selling this mutual fund is the security that one gets. You will have a peace of mind and will be secured about the fact that the payments will be received as per the schedule. Another pro of going for structured settlement is that the money involved here will not be taxable.

As far as the cons are concerned, the biggest concern is that if you wish to bring a change to your decision, it can only be done if your payments are bought by a structure settlement company. The price that you have to pay for such changes is also very high. Too much spending or investing on structured settlements can lead to lot of trouble in the near future.

Easy tips on debt elimination

Saturday, April 28th, 2012

bt is a matter of great concern in each person’s life. Debt elimination should be done as soon as possible. Unsettled debts pose a serious threat to your personal life and health. It is an additional burden and stress in your life. Credit card debts and consumer debts are the most common forms of debt. Missed payments attract more penalties and therefore your overall cost increases. Debt consolidation is what you should look out for in which the monthly payment will pay off your debt with time. It is best to hire a professional or approach a debt management company who will try to do the debt settlements on your behalf and aid you in complete debt elimination. Some other simple tips for debt elimination are

  • Try not to get into debts at the very first place.
  • Have an emergency fund trust
  • Make a budget and track your expenses