http://www.debtreliefblog.com Debt Settlement | Debt Elimination | Debt Relief Mon, 09 Oct 2006 16:00:53 +0000 http://backend.userland.com/rss092 en Many stores will offer you 15 percent off when you sign up for a credit card. That 15 percent savings can end up costing you more in the long run; maybe you get hooked into using the store’s card and building your personal debt. Additionally, you may pay around 19.5 ... http://www.debtreliefblog.com/2006/10/beware-of-credit-card-sweetners/ In January of 2003, the Consumer Federation of America released a study entitled “Facts about Consumer Debt and Bankruptcy”. The study compiled data from the Studies by the Congressional Budget Office, the Federal Deposit Insurance Corporation, and independent economist’s link to the rise in consumer bankruptcies directly to the ... http://www.debtreliefblog.com/2006/10/bankruptcy-reform-and-the-credit-card-industry-%e2%80%93-when-a-good-plan-goes-bad%e2%80%a6/ This was an interesting article that I read and I thought that I would pass it on. The article was written by Linda Stern and published in Reuters. By Linda Stern Sat Aug 19, 9:31 AM ET WASHINGTON (Reuters) - It’s not your fault. Mind games you learned as a ... http://www.debtreliefblog.com/2006/08/show-tell-your-kids-about-debt/ Tapping into your home equity or your retirement account to pay off credit card or other unsecured debt is always a bad idea. It seams like more and more lenders and other financial services companies are encouraging you to do both. Don’t do it and here’s why: Home Equity ... http://www.debtreliefblog.com/2006/07/two-of-the-biggest-mistakes-you-can-make-when-paying-off-credit-card-debt/ Like so many American families living paycheck to paycheck that don’t have adequate savings or access to conventional credit cards, getting a payday loan for those “unexpected” expenses can become a real nightmare. Although it may seem like a good idea it really isn’t. As anyone that has gotten caught ... http://www.debtreliefblog.com/2006/07/payday-loans-can-be-a-vicious-cycle%e2%80%a6/ There are many telltale signs that will indicate you may be headed for debt trouble. I have gathered about a dozen areas for you to look at. If you answer yes to a couple of them, be warned. 1. Are your credit card balances rising while your income ... http://www.debtreliefblog.com/2006/07/financial-trouble-ahead/ As part of my job, I come across many different debt settlement and credit counseling companies advertising creative. A current trend that I have seen is the touting of the new bankruptcy law. The creative informs the consumer that filing for bankruptcy is nearly impossible or isn’t allowed ... http://www.debtreliefblog.com/2006/07/sometimes-filing-for-bankruptcy-just-makes-sense/ The only one that is going to get you out of debt is you. That doesn’t mean that you have to do it alone. There are many programs available that can assist you in becoming debt free. One of those options is to hire a Debt Settlement company to ... http://www.debtreliefblog.com/2006/06/how-to-choose-a-debt-settlement-company-2/ I HARDLY EVER RECOMMEND THIS TYPE OF PROGRAM. However, some of you have asked me to explain a little bit about Credit Counseling as a way to get out of debt and how it works. Credit Counseling was actually created and is funded by your credit card companies. ... http://www.debtreliefblog.com/2006/06/consumer-credit-counseling/ Four out of every five cards issued today come with a variable rate. Most also come with a Universal Default provision (meaning that if you are late on any payment, it doesn’t have to be to that particular creditor, your interest rate can increase to as much as 30%). The ... http://www.debtreliefblog.com/2006/06/credit-card-interest-rates-are-on-the-rise%e2%80%a6/