Doing Your Due Diligence: 5 Ways of Making Sure That You Don’t Fall for a Debt Relief Scam

Financial debt has become such a major challenge for many individuals and families. According to statistics, the average American family has a debt of $16,048, with most of this debt in the form of credit card debt. But how do you escape this mess? The smart thing to do is to come up with a good debt relief program that can slash your debt balance considerably and allow you some much-needed breathing room. However, you must make sure that you are dealing with a legitimate debt relief company. There are many fraudsters who have devised methods to steal from unsuspecting […] Read more »

Reaching Out to United Debt Counselors for Debt Relief

When you realize your debt has gotten completely out of control, it can feel unbearable and overwhelming. Most Americans begin piling on debt, even before they enter the workforce, and don’t realize the effect it has on their ability to make purchases in the long term. If you’re feeling crippled by debt and need relief, you may want to speak with United Debt Counselors. Why United Debt Counselors? Thousands of people across the U.S. have already entrusted UDC with the task of settling their debts. What once might have seemed impossible is becoming more doable by the day for folks working alongside […] Read more »

Debt Relief Firms: Why Use One and How to Pick a Good One

If you’re currently in debt and are considering working with a debt relief firm, you’re in good company. Many people just like you are turning to debt relief firms to help them create and follow a plan for freeing themselves from debt. But why would you opt to work with a debt relief firm versus trying to attack your debt on your own? And if you choose to work with a debt relief firm, how can you find one that will do a good job? Let’s take a moment to answer these questions and more. A Guide for Your Journey […] Read more »

Personal Responsibility and Debt Relief Are Not Dirty Words

Last week my story to pay off credit card debt was shared in a post on Business Insider, and subsequently picked up by Yahoo Finance.  I really appreciated the opportunity, and I think the article turned out great. There were many positive comments on both posts stating support for our journey, and for what we have learned and accomplished. There were also a fair number of comments questioning how we could have ever let things get so far out of control to accumulate such a massive amount of credit card debt as well as wondering what effects our debt has […] Read more »

5 Consequences of Excessive Debt

Debt is a tough thing to deal with. It gets even harder when the amount of debt becomes too large for you to handle. There are a host of problems that come along with that scenario (the most obvious being bankruptcy). Here are five of the consequences of excessive debt. Can’t Buy a Home Having too much debt can limit what you’re able to do in life. For instance, it can be difficult—if not impossible—to buy a home if you have too much debt. This isn’t just about you not being able to afford a mortgage payment. Most lenders won’t […] Read more »

Debt Consolidation Versus Bankruptcy: Which One Will You Choose?

If you feel like you are drowning in personal debt, you are not alone. By late 2018, Americans owed more than $420 billion in credit card debt alone. Many get help through debt consolidation or bankruptcy. If you are considering either option, it is essential to understand how they work. Both have benefits and risks, so it is wise to weigh all factors before making a choice. At a minimum, you should understand the differences between the two and the qualifications for each. How a Bankruptcy Works Bankruptcy is a federal protection that is designed to help those who cannot […] Read more »

Have a Debt Problem? Gregory Fishman and Resolvly Can Help

Debt Relief is Made Easier with a Company that Cares The burden of debt affects many Americans, crippling individuals and families financially and causing immense stress.  When people can see no way to pay off huge amounts of debt, they may turn to bankruptcy as their only viable course of action.  Gregory Fishman, the President and CEO of debt resolution company Resolvly, wants those in debt to know there is an alternative to reduce and eliminate debt and salvage credit. Any number of mishaps can lead to overwhelming debt.  Perhaps an unanticipated medical emergency results in sky-high medical bills and […] Read more »

How can SMEs reduce their debt?

In the world of business, debt management is approached from a different angle to that of the average householder. Depending on the total earnings of the company, a certain amount of debt can even increase the business’s overall ROI. However, push that too far, and debt can have the same effect on a business as it can on an individual. In some ways, it can be even worse – after all, what is the worst that can happen to an individual? File for bankruptcy and start again with a clean sheet – some have gone from here to great success. […] Read more »

3 Ways You Can Make Debt Disappear

Debt can be difficult to manage. It is stressful to have payments hanging over your head that are more than you can afford, and every day it stops people from doing things like buying a reliable vehicle or a home. Thankfully, there are ways to have debts dismissed or renegotiated if you are having extended financial difficulty and cannot make your payments. Depending on how much and what kind of debt you have, see if these options are right for you. Medical Bills It is far easier to save money on your medical bills up front by shopping around for […] Read more »

United Debt Counselors Offers High Quality Debt Settlement Services

United Debt Counselors offers customers debt settlement services. The debt relief company steers away from debt consolidation in an effort to more quickly resolve consumer debt issues. “For many customers, debt consolidation doesn’t offer a legitimate avenue for escaping high-interest credit card debt,” a spokesperson said, “With debt settlement services, we are hoping to provide an additional route for customers who are plagued by unsecured credit card debt. We understand that many Americans are in a position in which they are unable to afford their repayments – we’re here to try and fix that.” Some debt relief companies focus on […] Read more »

Out From Under: How Debt Settlement Can Save You

With the continuing financial crisis, the typical American household is carrying $132,158 in debt, according to NerdWallet. From credit cards and medical bills to mortgages, many Americans are burdened with insurmountable debt. This is also true for many businesses that continue to find themselves in the red. Total debt among more than 2,000 nonfinancial companies swelled to $6.6 trillion in 2015, according to CNBC. If you are looking for financial solace and freedom, debt settlement is one process to consider. In fact, this service has helped, and continues to help, numerous people and businesses reduce debt to get back on the right path to financial success. Find […] Read more »

We’re Getting a Debt Consolidation Loan, and I’m OK With That

Hot off the presses, EOD Nation, despite all you may have read, debt consolidation loans are not evil. Even after completing a debt management plan in which we paid off $109,000 of credit card debt, my wife and I knew we still had actions we had to take to really get our finances completely on the right path. One of those actions is paying off two additional lines of credit that could not be included in our debt management plan. Our goal was to consolidate these two lines of credit with a single consolidation loan. We applied for such a […] Read more »

What Options Do You Have When You’re Buried In Debt?

Editors Note:  Today’s post is a guest post from Bob Miller, one of my friends over at CareOne Services, Inc.  Hope you enjoy his expert advice and perspective on debt! Do you find yourself buried in debt? Does it feel like all of your income is going toward paying off credit cards? Does it seem like there’s no way you can dig yourself out of this financial pit of despair? Are you tired of the constant collection calls? Do you just want it all to STOP? You’re not alone. Millions of people struggle to manage their debt. In fact, a […] Read more »

Make 2013 Debt Free…Join the Debt Movement

Did you ever wonder why New Year’s resolutions never last? Each year as I resolve to quit all the bad habits I developed over the previous year, I always do. But if you take the right approach to a resolution such as “getting out of debt”, there’s no reason you can’t be successful. If you’ve been working to get out of debt with little success and need a kick start, consider joining the Debt Movement! We all need a little help from time to time whether it’s a debt relief plan that makes the process easier, a nudge in the […] Read more »