Archive for June, 2009
Debt Consolidation Secrets- Part 2
What to Watch For:
By now you should be wondering how the debt consolidation companies out there make their money. Take a moment and think about it… they make their money off of fees. In fact, something to watch for in these companies is high fees.
In fact, some of these companies, who are essentially mortgage lenders, [...]
Debt Consolidation SECRETS Part 1
One of the popular terms in today’s climate of debt and financial stress is debt consolidation. Before we take any action when it comes to our finances, we need to make sure we understand precisely what it is we are considering. So if you are interested in the strategy of consolidating your debt and payments, [...]
Accelerate Your Debt Pay-off with a Debt Snowball
Option two for debt reduction involves the application of a simple, yet tried and true, principle with many names. It has been called a roll-down, a roll-up, a snowball and several other strategies.
This principle essentially requires that you change some of your current spending habits without spending any more on debt than you do at [...]
Debt Negotiation Cons
Debt negotiation comes in many forms. These include: payment extensions, interest rate reductions, and different repayment schedules. Another form of debt negotiation which is becoming more common today is to actually adjust the value of the loan. One common manifestation of this is today’s popular loan modification strategy.
Before you look into debt negotiation, you need [...]
Debt Negotiation Pros
Debt negotiation comes in many forms. These include: payment extensions, interest rate reductions, and different repayment schedules. Another form of debt negotiation which is becoming more common today is to actually adjust the value of the loan. One common manifestation of this is today’s popular loan modification strategy.
Before you look into debt negotiation, you need [...]