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Showing posts from August, 2018

Debt Settlement — The Dos and Don’ts

Falling into the debt trap is easy; but coming out of it isn’t. Life can become difficult when the monthly income is not adequate enough to cover the living expenses as well as the EMIs that need to be paid on the various loans. But there is a way to get things under control and maybe even become debt-free as soon as possible – debt settlement. Debt settlement is a method of combining all debts and turning them into one single debt. The borrower here would be making one monthly payment instead of multiple ones. Also, this one single payment would be much lower than the sum total of all monthly payments the borrower may have been making till now. Debt settlement services are available in plenty. Some may even contact the borrowers directly via debt settlement live transfers leads, so as to enjoy a competitive edge in the market. However, before rushing into things, it is important to understand a few dos and don’ts about debt settlement. The Dos To check with the credit counselo...

8 Things you can do to Avoid Foreclosure

Summary : Skipped on your mortgage payments? Worried about losing your home to a foreclosure? Here are a few things you can do to stop that foreclosure. Losing your home to a foreclosure might be something you may be worried about, if you haven’t been able to make your mortgage payments on time. Your mortgage lender can exercise his right to repossess your home by applying for a foreclosure if you have skipped your payments for a period of three to six months. Here are a few things you can do, in order to avoid a foreclosure: Take action as soon as possible Skipping payments is not a situation you can be proud of. It can lead to a whole lot of problems in the future, one of which is foreclosure. Once you know you have missed out on a couple of payments, it is important that you get current with your loan. The more you wait, the harder it might get to get your loan reinstated. With time you may even have to let go of your home. So if it is a temporary financial hardship, try and m...

The Risks involved in Debt Settlement

Summary: Do you think debt settlement is the best way to get rid of your debts? Think again. There are a lot of risks involved with this option, which you can’t ignore. More often than not, Debt settlement does sound too good to be true. In fact, it may even prolong the financial pain of some. Remember – until the settlement negotiations are played out, you can in no way stop those late fees, collection notices or even the threats of being sued by the creditor. It might be tempting to accept the offer of a debt settlement agency that might come to you through debt settlement live transfer leads . But before you do that it is important to find out if it actually works for you. You need to understand the process and see if the benefits of settlement outweigh the risks that are involved, prior to making a decision. How debt settlement works Debt settlement is an option you can settle for only if you have too many delayed or skipped payments and may be even collections accounts. You ...