Creating Communities. Connecting People
Welcome, Guest      Bookmark and Share
Tell a friend about this site Invite    
Debt Bill Consolidation and Debt Settlment - RSS feed - Add to Google

Fri, Jul 31st - 3:05AM

Debt Settlement and Elimination Basics

Debt elimination programs and facilities provide the assured way out to erase your outstanding debts. Many financial institutions provide programs which cater to this, and majority of them claim total debt elimination as a commitment. However, this isn’t true. There’s a certain limit to which debt elimination is possible and creditors don’t allow “total” Debt settlement programs you file for bankruptcy.


The first thing to know about debt elimination programs is that there are hundreds of “debt” companies claiming to be “effective”, and visiting their portals often present an impression of “being professional”. Such companies claim to be “working” for you and “guarantee” debt elimination by 100% or “significantly reduce your debts”. And these companies claim elimination of all kinds of debts - credit card debt elimination, bill consolidation, vehicle debts elimination etc. There’s a program available “out there” and it’s “right” or “perfect” for you. People tend to read and believe things. However when they actually avail the facilities, they find out exactly what’s in the program and how effective it can be.

"Freedom from Debt is Our Your Right."

The fact is debt elimination programs and debt consolidation program fundamentally help to lower your monthly payments since they include a negotiating activity in which you’re representative convinces your creditor to “reduce” the interest amount and allow a new monthly payment plan which is adjusted to suit your monthly earnings and paying capacity. The programs do help to get you out of debt faster than you might otherwise expect. If you have multiple “borrowings” or many loans simultaneously “underway”, it’s recommended to consolidate your debts in order to avail a better interest rate. This could help you to pay substantially less than what you might otherwise end up paying in reality. The longer it takes to pay off your debt, the more you end up paying in terms of interest for the debt. Credit Card Debt Elimination programs cater to this aspect and makes sure you’re outstanding amount is redeemed quicker so you pay less.

A debt elimination program is a sure way out to erase your debts, but it’s got to be done in the “right” way and with the “right” kind of company.

The basic advantages of debt management programs include:
  • Reduce your debts without filing for bankruptcy

  • Stop harassment phone calls from your creditors

  • Prevent collection agencies and recovery agents from hounding you
  • Get legal advise if you are sued by your creditors

  • Restore and repair your credit


Debt elimination programs need to carefully chosen since different companies offer different facilities, and their efficiency in reducing your debts also wary. A debt relief options be your answer, your way out, but it’s important to be wary before you actually avail it so you don’t suffer from pitfalls. That’s what this article is all about.

Want To Get Rid of Credit Card Debts

Apply Here >>

Comment (2)

July 2009
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31  
prev next

  • All Blogs
  • Messenger
  • Member Search
  • Who's Online
    WebRing Bloggers: 9271

    Members: 0
    Guests: 0

    Today: 1

  • What's New | Popular | Auctions | Blogs | Webspace | Discuss | ShopDragon | Newsletter | Powered by R360 | Contact Us
    Copyright © 2001-2012 WebRing®, Inc. All rights reserved. Terms of Service - Help - Privacy Policy