About Debts, Debt Management and Debt Relief

Legal Debt Collection For Local Businesses

Saturday, November 28th, 2009 | Business |

If a customer owes your local business money, it's hard not to feel angry, like you want to do anything possible to get your money back. But the days of going all out to collect on a debt over. The Fair Debt Collection Practices Act, designed to protect consumers from harassment or intimidation, sets firm limits on what you can do to collect a debt from a consumer. The federal debt collections law even prohibits practices that were once standard, and that you might not consider harassment at ...
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How to Pay Off Your Student Loans and Reduce Your Debts

Thursday, November 26th, 2009 | Finance |

Financing a college education is one of the more expensive debts you may incur. Student loans can take years or even decades to pay off. Making late payments or missing payments all together can result in a poor credit rating and collections on your accounts. Millions of people have found themselves owing large sums of money due to student loans and other unsecured debts. Finding a way to eliminate your debts and pay off student loans is the primary thought on the minds of many people. For ...
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Bad debt can really harm your credit history

Thursday, November 19th, 2009 | Finance |

While most people use the phrase "bad debt" to refer to a lot of debt, or just owing a lot of money, this phrase actually has a very specific use when it comes to financial issues. Bad debt in this case is a debt that cannot be collected. This usually happens when the person who owes the money goes bankrupt, and does not have the ability to pay toward the debt. If you are a creditor and the person who owes you money declares bankruptcy, this bad debt can be a problem. After all, even though a ...
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Iva Debt Advice – Avoid Bankruptcy Through Expert Advice

Tuesday, November 17th, 2009 | Finance |

If you feel that debts are getting better than you and that there is no other method except going for bankruptcy, you should try the IVA debt advice first. This is a chance that may help you from avoiding bankruptcy. Under IVA advice, your debts are analyzed and a common point is reached so that you are saved from being harassed by the creditors. The creditors are also assured that their debts will be repaid. This is a legal process. You have to first appoint a paralegal, hereafter known as ...
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Debt Advice on Store Card Repayments

Saturday, November 14th, 2009 | Finance |

The average store card APR is an incredible 30% with many being even higher. Here are some of the main reasons people get into unmanageable levels of store card debt and are forced to look for professional debt advice: * Appealing offers ' It's easy to be tempted by offers at the till such as getting 10% off your purchases if you take out a store card there and then. What may seem like a good deal at the time could leave you paying 30% interest on those purchases in the future. * Retail ...
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How Businesses can Stop Wallowing in Bad Debt and Prevent it in

Thursday, November 12th, 2009 | Business |

Did you know that bad debt has reached alarming rates with US business owners and that most creditors don't know how to avoid or prevent it? 'Become the Squeaky Wheel', a new book just published, explains that getting customers involves more than advertising. Michelle Dunn presents examples of credit procedures and policies to help creditors or business owners collect bad debt and prevent it in the future. 'One of the best things you can do is implementing a credit policy or have each new ...
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Dental & Medical Legal Debt Collection

Wednesday, November 11th, 2009 | Business |

Every medical and dental practice has to deal with patients who do not pay. If it doesn't deal with such patients, the costs will simply be passed on to other patients--or the practice may simply suffer or fold. Yet the very real dental and medical collections legal issues mean you should think carefully before reminding your patients to pay up. In the end, you may very well be better off outsourcing your medical or dental accounts receivables to one of the new medical and dental collection ...
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Debt Counseling - Don't Fall for the Scams

Monday, November 9th, 2009 | Finance |

If you are overwhelmed and decide to seek the services of a debt counseling agency, make sure you find a good one. Before we delve into this topic, let me say that every trade has good people and bad people. Unfortunately, some debt counseling agencies give the good ones a bad name. With that said, there are PLENTY of legitimate Debt Counseling organizations that will help you manage your money and develop a budget that is suitable to your situation. The first thing to do is RESEARCH. Look ...
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Debt Negotiation for a Better Tomorrow

Sunday, November 8th, 2009 | Finance |

Debt negotiation or settlement is negotiating a reduced payoff of your debt with the creditor. Working on your debt problems, a debt negotiator can make you pay 50% or less of the principal on your debt. Modern day living and plastic money makes it easy to fall prey to debt. There have been rising number of bankruptcy in developed countries compared to the Third World. Blame it on the lifestyle! Everybody wants relief from debt problems, but few address their problem to a debt negotiator ...
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Manage Your Debts, Don't Drown In Them

Saturday, November 7th, 2009 | Finance |

Are you among the millions of people who have found themselves unable to make even the minimum payments on credit cards and other unsecured debts? If so, there is relief in sight. It is no longer necessary to keep paying constantly but never really make any progress towards reducing or eliminating your debts. You can manage your debts, reduce the amount you pay each month, and begin to decrease your balances. Debt management organizations are an excellent place to start when you are searching ...
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See How Easily You Can Restructure Your Debts...

Tuesday, November 3rd, 2009 | Finance |

If You Know How Managing money and paying creditors on time is difficult for most people. There's temptation every where we look. In most cases, it is unexpected expenses or events that impair our budget. Such as: Illness, followed by doctor bills; death of a loved one, car troubles, home repairs, braces for the kids and the list can go on and on. The fact is, no one expects to become financially troubled. It seems to sneak up on you at the worse of times. You may believe that bankruptcy is ...
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Shocking Facts - What Debt Settlement Companies Don't Tell You

Sunday, November 1st, 2009 | Finance |

If you're thinking about using a debt consolidation or debt settlement service to help you get out of debt faster and save money on your monthly payments, make sure you do your homework before choosing a company. There are definitely shams and scams out there. First let me say that debt consolidation is *not* the same as debt settlement/negotiation, which most people don't realize. Debt settlement companies charge hundreds of dollars as an initial "admin fee" to set up your account, plus a ...
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