Incurring huge debts can be great financial burden on a person or a company. Along with the capital that has to be paid back, there are hug interest costs, which must also be paid back. In case you are unable to pay back the interest amount, you would take short-term loans. Therefore to re-pay a...

Debt Consolidation:

Your goal in debt consolidation is to lower your overall costs. To accomplish this, you must get the lowest interest rate possible. You also need a plan to pay off your debts in 3 to 5 years. It will not be instant. Remember, you did not get here overnight so plan...

Credit Card Debt:
Ask yourself these 10 questions about your credit card debt.

1) Did I charge more this month than last without any major purchases such as a new TV.
2) Is my income less and my credit card bill more this month than last?
3) Did I only make the minimum...

Most of us will face some type financial crisis in our lifetime. It may be caused by personal or family illness, loss of your job, or just overspending. Whatever reason, the first thing that must be done is creating a budget.

Make an income column and list all sources and the amount of...

It’s important that you know the amount of debt that you have taken small loans and debts can add up to a sizable lot. For example if you have taken 5 $100 loans, it amounts to $500 debt. A sizable amount of loan to repay for many people. Not only does the principal have to be paid but...

(Note: this is not to be considered legal advice, and it is dealing with the hypothetical average elderly and/or disabled person. Each case is unique and to determine the legal ramifications of your individual scenario you should consult an attorney.)

Debt settlement, also known as...

Debt relief can be provided only when there is debt reduction. There are many agencies and financial organizations, which can provide debt relief. Debt relief is in the form of lower rates of interest and refinance rates. However the debt still has to be paid the principal amount has to be paid....

Debt relief can also be provided by other agencies. They can advance you personal loans when you need to pay off the first loan. Strictly speaking this is not debt relief, however just a temporary relief to help you tide over your instant cash needs. These personal loans can carry a hefty...

Debt relief 101: Understanding your options and avoiding the scams

The total consumer debt in the United States has ballooned to over two trillion dollars a full 100% greater than it was just a decade ago. As a result more people than are in need of debt relief services. But like with...

Debt Relief — Why Most Programs Have A 75% Failure Rate

Debt consolidation, equity loans, credit counseling, debt management plans, even Chapter 13 bankruptcy it doesn’t matter which of these debt programs you’re talking about. They all suffer from one fatal flaw, the...

Any person that uses credit cards, owe money on a personal loan, or pays a home mortgage is a “debtor.” Taking loans and making payments has become a standard practice among homebuyers, people looking to purchase a car, or attending college or university. When a person falls behind...

Those who are in debt need a mechanism or tools to help them get out of it. Debt reduction tools are ways to make the burden less. The best reduction tool is the concept of planning for the future and your expenditure. There are also many financial debt consultants, who can make the repayment of...