Consolidate School Loan
Sunday, June 22, 2008
Student Loan Consolidation
Consolidate School Loan
Friday, June 20, 2008
Debt Consolidation Guide - Information on debt consolidation
People fallen with huge debts will face horrific experience. Every individual their own dreams and desires to live a life filled with colorful outline. To gratify their needs and expectations, people hire for loans at most times in their life. But when they fail to settle and pay back the loans they turn into massive debts and they greatly become a huge burden.
* Debt consolidation will make your multiple debts into a single loan. So that you will never be troubled by harassing creditors.
* Debt consolidation will help you in responding one lender instead of facing quite several creditors.
Sunday, June 15, 2008
Christian Debt Settlement
When we find ourselves in debt to the point that our quality of life is impacted, we begin to look for help. Many of us are influenced by words that remind us of security, safety, peace, etc. One of these words is Christian. It is easy to insert this term into the title of a company that specializes in debt consolidation, credit counseling, or debt elimination programs. Proving that a credit counseling company is Christian is very difficult, if not impossible. As a consumer, we are well advised to proceed with caution, asking the debt management questions you would of any company. A good place to start is by looking at the EzConsolidation.com site for good debt consolidation information.
Before agreeing to any contract with a Christian credit counseling service, check their credentials carefully. Of course, it is always a good idea to check with the Better Business Bureau to see how many complaints have been filed and how many settled. This does not guarantee absolutely that it is safe to proceed. There is always a time lag between the time a complaint is received and when it is entered into their record. When reading over the application for debt management counseling, it is always a good idea to read all the way to the end before entering any data. A footnote that states this company is not allowed to operate in several states should raise some red flags. The fact that company uses the word Christian to identify one of their company entities and not in the others also should raise questions.
Even though a Christian credit counseling service is registered as a non-profit corporation that does not mean they cannot and do not operate to make a profit. Their bookkeeping will show salaries and operating expenses sufficient to eliminate a profit. Nothing is free.
There debt consolidation services are available that will eventually result in elimination of your debts. They are not free. Christian credit counseling is no exception. The debt consolidation service has wages to pay also. The fact that is seldom revealed by these debt consolidation services is that you will ruin your credit by using them. Here is how debt consolidation usually works; you turn over the records of all of your debts, supply your income records and agree to stop entering into any financial arrangements until you are out of debt. They offer to contact your creditors and make arrangements for regular reduced payments, using the money from your wages, until the debt is paid off. Even though your creditors receive the payment, it is less than the amount you agreed to pay. Your creditor can legally report this as a missed payment(s) every month, until the amount is paid off. It will result in a negative comment on your credit report that stays there for seven years.
The debt consolidation service is supposed to stop the letters and phone calls demanding payment. This may or may not happen. Before deciding that a debt settlement program is right for you, take the time to enroll in a program to learn to manage your money successfully.