Manage Your Debt Now

Do you feel like your debt is growing out of control? Perhaps it is already, or maybe you want to gain a handle on it before it becomes a problem. Learning to deal with your debt appropriately is necessary for securing your future.

There are many different ways to deal with mounting debt. No one plan is right for everyone. Unfortunately, incorrect or misleading information is everywhere. Why? Debt is big business! As Americans become more and more indebted, various frauds and programs have popped up claiming to have the right answer to everyone’s debt problems. These companies claim that you can be debt free for a fraction of the cost and after a fraction of the time that it would take if you continue making payments as you are now. All you have to do is pay a fee!

The truth is that there are some legitimate businesses and service professionals that can help you manage your debt. There are also other options than the ones you normally hear about on TV or in other advertisements. Do you know what your options are?


The Guide to Debt Management provides simple, easy-to-understand information about four of the most common methods of dealing with debt. Presented in a step-by-step format, the guide helps you understand different ways of managing debt and helps you choose the best option for your personal situation. Would you be better off using a credit counselor or enrolling in a debt consolidation program? Should you refinance? Do you have other options besides these?

For most people, managing debt through one or more of four primary options is often a good way to go. Some options affect your overall credit rating more than others do, but each option can be a good choice in certain circumstances. One problem with the “one size fits all” options for debt management is that they do not consider individual circumstances. For example, it may be better for you to pay more interest overall spread out over a number of years than to pay less, but in a shorter amount of time.

Once you have a thorough understanding of your options, you can make a decision based on your personal circumstances, develop a plan, and take action. After all, this is your life and your future!

Debt Consolidation Plan: Tips For Getting Started

There are many debt consolidation companies that you can work with to help you. You can even work on making this happen on your own. But, before you can do any of these things, you need to come up with a workable, feasible debt consolidation plan. To help you, here are some tips for getting started.

•    Your debt consolidation plan should be either done with a professional debt counselor or financial advisor or it should be done automatically. If you pay your bills on your own, you are going to slip every now and then. If you use software or a banking service to do so automatically, you’ll make your payments easier. Working with a professional will help you to get moving on your plan.

•    Be committed to success.  If you are like many, you would like to have no debt at all. Who wouldn’t? But, if you are not committed to making changes and sacrifices, then you are going to fail. For any debt consolidation plan to work, you and your partner should be in the same frame of mind and want this to happen.


•    Determine your method of debt consolidation. Those with a debt problem can find several solutions to their needs. If you have equity in your home, you can use that to pay off your debt. If you have other securities such as a fully paid piece of land, then you can use those to provide collateral for a personal loan. Or, you may be looking to work with your lenders and your budget to work out a debt consolidation plan this way. Determine which way is the best way for you to consolidate your debt.

    •    Stop using credit cards. Debt problems come from credit cards. You need to learn to live on a cash only basis. Make yourself a budget and stick with it. If you can’t buy something without using credit, don’t buy it. This way, you can really see where your money is going each month. A budget like this, that is cash based, is a fundamental step in the right direction for a debt consolidation plan.

There are many ways that you can work out a debt consolidation plan. It all starts with your budget and your determination. Those that work with a skilled, experienced debt counselor will have more ability to actually succeed. If you are considering a debt consolidation loan, make sure that you have learned how you should handle your funds and that this loan is the right one for your needs.

Consolidation: Debt Problem Solution

Is consolidation, debt problem’s solution? If you are like millions of other Americans or Europeans then you probably have a debt problem. Today, more and more people are finding themselves in the hole and quite a bit as well. It does not matter how you got here. But what matters is how you get out. One answer may be consolidation. Debt problems can be solved by consolidation if you go about it the right way. Most can find quite a few benefits in consolidation.

What Are My Options?

If you are considering consolidation, consider your options. You do have several to select from:

Are you are homeowner? The homeowner is likely to be one of the best candidates for a debt consolidation loan. The debt consolidation loan for a homeowner will feature the lowest interest rates and the most ability to get it. That is because a home equity debt consolidation loan will be secured against the equity that you have built into your home. In some cases, you will find that the best opportunity is that of using assets such as your home to borrow against. With this option of consolidation, debt problems can be eliminated by paying them off from this equity.

Do you have assets? If you have any other assets that are worth the value that you need to secure to pay off your debts, then this can work for you as well. In fact, it will work in the same manner as the home owner. This can be other land, vehicles, or even jewelry and electronics if they are worth enough.

If these don’t work, is it not possible? For those that do not have assets, it will be more difficult to secure the loan that you are after. But, that does not mean you can’t do it. In most cases, you will be able to. Those that are looking for a solid result to their consolidation needs should take the time to look at the various bad credit loans that are available through many lenders. But, before you go with whoever is offering one to you, realize what the interest rate is. If it is far too high, or higher than that of the credit cards, contact your creditors and see if you can’t work something out with them first.

The answer for many will be consolidation. Debt problems may be here right now, but in the future you will find that there are plenty of opportunities to work through them to find bigger and better things out there. The debt consolidation loan options you have may be an excellent way to do this.

Debt Consolidation Scams: Avoiding Scams And Getting Help

There are plenty of companies that are nothing more than debt consolidation scams.  You have seen their ads.  They claim to be able to provide you with a loan that will erase your bad credit or they will give you the ability to wipe your credit report clean of any negative marks.  There are many companies out there that are legitimate companies.  Some of them offer you the ability to work through your problems to reach a solution.  But, for many, the debt consolidation scams end up being a real problem.
Before you become a victim of a debt consolidation scam, you should consider these things that can help you when you have a debt problem.

Don’t believe anyone that tells you that you can eliminate credit card debt without doing anything.  First off, you will likely need to pay a fee for anyone to help you to do these things.  Now, if you do find a good, qualified company to work with, you may actually find the right solution to your problem.  But, if there is a company that claims to provide absolute debt problem relief, this is likely not to be the case.

Debt consolidation scams are going to try to push you into their scam.  If you feel that the company is being too demanding or that their sales tactics are highly pressured, back away.  You don’t have to work with them.  You don’t have to purchase their product either.  A good company will be willing to provide you with details, information and even be willing to send you information before any commitments are made.

To avoid the debt consolidation scams, consider working with a company that you personally have checked out with the Better Business Bureau.  Remember the saying that if something seems too good to be true it probably isn’t true?  That is the case here. Your debt problem isn’t going to disappear.  But, if you find the right company that has experience, a good reputation and a willingness to help you, you can make it less of a problem.

Debt consolidation scams are everywhere.  Those that are looking for a way to secure a better service should work on developing a debt consolidation plan with a skilled, verifiable and honest company.  With the sources on the web, you can find a company that will provide you with the help you need, rather than taking more of your money and leaving you even farther behind than you were.  Avoid debt consolidation scams by working with companies you know and have researched.

How Accountants Can Keep You Out Of Debt

Believe it or not, an accountant can actually help you pay off your outstanding debts, as well as keeping you out of debt in the first place. The truth is that many people, especially the self-employed, end up in debt because of poor money-management practices. A chartered accountant can show a business owner how to implement good money management practices that can reduce or eliminate debt.

Managing Finances

Many self-employed people simply don’t have the time or the energy to manage their finances properly. A lot of them get into trouble because they concentrate on what they enjoy doing and leave the bookkeeping to the last minute.

Others may only work on the books at night when they are tired and incapable of peak mental performance. Not surprisingly, these people make mistakes that can lead to increased indebtedness.

An accountant can take charge of the situation and implement proper money management practices. Accountants are familiar with tax laws and rules governing business. They may also be familiar with other aspects of business, such as lending, insurance, and collections.

In Depth Fiscal Analysis

An accountant can help a business owner stay out of debt by going over the business’s bank and credit card statements. They will find out exactly how much is being spent, and what cuts can be made.

Many self-employed people simply put everything on their credit card and never check the account. At the end of the month, they are presented with a high bill that they are unable to pay. They pay only the minimum and end up staying in debt.

Debt Repayment Plan

Many people have the money to pay off their debts, but they just don’t realise it. An accountant can show the person how he or she is wasting money and how they can free up funds for debt repayment. There is no reason to live with debt when there are accountants that can help.

If you are interested in hiring a quality contractor accountant for your business, visit Nixon Williams.

Improve Your Credit History Starting Today

Having bad credit is a reality for a lot of the UK population. In the past you could still borrow even with poor credit, however mortgage providers, loan providers, credit card companies and banks wised up after it added strain to the economy and helped towards a market crash around in late 2007. This means the majority of finance providers are no longer able to help people with even slight marks on their credit history.

If no one with bad credit is being offered reasonable finance options you might wonder how on earth you can recover from a poor credit score and being declined for finance. After all having no credit at all can be as bad as having adverse credit in some circumstances.

Do You Have Bad Credit or No Credit?

The first step to recovering your credit score is to find out what, if anything, is causing a problem. It could be anything from missing a credit card payment, defaulting on car finance or getting a CCJ on a utility bill. You may also have no credit history, so without any previous commitments assess most providers are not willing to take the risk.


You can look at your credit record through a couple of different agencies. Experian or Equifax are often used by the providers themselves when running credit checks on prospective customers, so going to them yourself to get an accurate assessment is usually the most effective course of action.

At the time of writing both the above mentioned companies offer a 30 day free trial of their services.

Check Your Credit History

Once you have access to a credit report it is time to identify what is holding your score back. Here are some things to look out for:

•    Have you missed any payments?
•    Is there any old debt you have forgotten about?
•    Are you on the electoral register?
•    Are there any inaccuracies on the file?
•    Can you see any fraudulent activity taking place?

Prioritise Your Debt

Now you are on the electoral register, any fraudulent activity has been reported and inaccuracies have been corrected it is time to tackle the biggest hurdle, outstanding debt. Let’s look at an example of some problems you may find on your credit history and tackle them one at a time.

•    Credit Card 2 Months Down

In this situation you want to avoid defaulting at all costs. Call your credit card company and explain your situation. Work out a repayment plan to keep your debt from defaulting while making strides to pay it off as soon as possible.

•    County Court Judgement with a Loan Provider

County Court Judgements should be paid off as soon as possible, this is very important. If you have a County Court Judgement against you your debt has been to court and a Judge has ruled you must pay the amount in full. You will be sent a form asking how you are going to repay, and if you can’t do it in one lump sum it will ask you for a monthly repayment offer, along with income and expenditure to make sure it is affordable. The loan provider will then either accept or reject your monthly payment offer. Make sure make a reasonable offer as it is in your best interest that they accept.

•    British Gas Outstanding Bill

Ring up British Gas and ask if you can pay off your bill in instalments. If you do not in extreme circumstances they will take you to court and you will have a County Court Judgement against you.

•    Council Tax Bill with Debt Collection

Council tax is a priority bill because not paying it can land you in jail or with some ruthless bailiff agencies knocking on your door. If you are only slightly behind call up the council right away and set up a payment plan.

Those are just a couple of scenarios you may find yourself in. As you can tell the most important aspect is contacting and making arrangements with the companies you owe money to, if you don’t do this everything will escalate and you will find yourself in a worse position in 6 months’ time.

Improving or Creating Your Credit History

In order to rebuild your credit history you will need some form of credit. If you need a lump sum of money you can look at a guarantor loan or if you want a more flexible solution you can get a high APR credit card. Capital One, Vanquis and Luma are all companies that can offer you credit card products designed to help restore your financial status.

While it may seem strange that you need to take out credit in order to have more credit available to you, remember companies need to see proof of you borrowing and repaying monthly. If you can prove you are financially reliable then you are well on your way to repairing your credit history and having access to a wide range of finance products from banks, mortgage companies and low APR credit card providers in the future.

Debt Consolidation Georgia: Debt Reduction or Not?

In debt consolidation, Georgia residents are able to secure a loan that will help them to pay off the debt that they owe and get them back on their feet financially. Most of those that face debts that are overtaking their life will need to carefully consider the options that they have for debt consolidation. Some people may see a debt consolidation loan as just another extension of their credit that they can not afford, but for others it is a time to get back on track. Debt consolidation, Georgia area or elsewhere is a great thing to have.

It is important to know your rights when it comes to those annoying creditors. Of course you would pay them if you could, but many of them will keep contacting you day in and day out until you make payment. What is important to note, though, is that you have rights when it comes to debt collections. The state of Georgia limits the amount of people that can call you. They do not allow creditors to bother you at work or at odd times of the day or night. They also can not talk to anyone about the debt that you owe besides you. With these things in mind, consider debt consolidation for debt reduction to get them off of your back for good.
A debt consolidation loan is a great way to start over. Here are a few things that can happen to you if you work with this loan for debt consolidation Georgia area or elsewhere.

    •    You will get a fresh beginning on the debt that you owe. Your creditors are paid off and you now have a brand new loan to pay.

    •    You will likely get a lower interest rate on your loan if you are using a secured debt consolidation loan for debt reduction. This can save you quite a bit of money in the long run over the course of your loan.

    •    You will likely be able to start rebuilding your credit score with this type of loan. Working with a debt consolidation Georgia area company to rebuild your credit can happen no matter where you are located because you have a brand new way of paying down your debt.

With all of that said, you should take note that a debt consolidation Georgia company can and will secure the help that you need in debt reduction. If you work with a skilled company that you know is well worth your time, you can save a good amount of time, aggravation and even money.

Debt Consolidation Alabama Options

If you are in need of debt consolidation, Alabama has several debt companies that are willing to work with you to secure the funds that you need. The first thing to do is to consider if you are able to get a debt consolidation loan. Alabama offers many of these loans to those that need them. There are companies in place to help you. Here are some things that you should know about the debt consolidation, Alabama local debt companies that you can work with.

•    Do you have equity in your home? Having equity in your home is a great way to save money on your debts. You can easily use the equity that is in your home to pay off your debts through a lower costing loan. Then, you can work to lower the amount of money you owe monthly by making payments on them. You can save a great deal of money by going this route. Debt consolidation Alabama companies offer these home equity debt consolidation loans easily to those that qualify.

•    Are you paying more in interest on your credit cards than you are on a personal loan that you qualify for? If you are paying ten or more percent on a credit card, you may be paying far too much. It just makes sense to try and get a personal loan to pay off your debts in a better method. You actually save money this way.

•    Find the best debt consolidation Alabama company to work with by doing your homework. Research them well to determine if they have a good rating with the Better Business Bureau and other organizations. If they turn out to be a decent company to work with, what are you waiting for? Securing these loans can help you to save quite a bit of money in the long run.

•    Compare debt consolidation Alabama companies against each other. Some will offer you lower interest rates on loans than others will. Some will allow you to secure additional funds to pay down other debts besides credit cards that you owe. In total, you could be well on your way to finding the best, most affordable loan available to you.

Debt consolidation Alabama offers you many choices. You do not need to feel as if you can not make the necessary payments on your debt. With a debt consolidation loan secured through a quality Alabama company, you can find yourself well on your way to being debt free.

Debt Consolidation Arizona

When considering debt consolidation, Arizona offers you many debt consolidation companies that are willing and able to provide you with the type of loan that you are after. If you are one of the many that are living paycheck to paycheck and have mounted a sizable amount of debt, you can and you should secure the debt consolidation, Arizona companies are willing to provide you to get out of it. Luckily, with so many companies to choose from, you have plenty of options to think about.

First, you need to know your rights. Debt collectors in Arizona are not able to contact you at your place of employment, for example. They can not bother you about your debts after 9 at night or before 8 in the morning. Did you know that these debt collectors can not harass or threaten you either? Did you know that if you are in a position of garnishments that there is a limit to how much they can take from your checks? Today, people do not realize that the law is on their side when it comes to debt collections. Yet, these things do not solve your debt needs. For that, consider debt consolidation. Arizona is able to help you with this as well.

A debt consolidation Arizona company can provide you a debt consolidation loan that can put you in a better place, if it is the right loan for your specific needs. These companies are able to provide this to you because of your equity or other assets that you have. Some lenders will provide an unsecured debt consolidation loan to those that qualify for strict guidelines. But, just because these companies are willing to give you a loan, should you accept it?

To determine if the debt consolidation Arizona company is right for you, take some time to determine what the company is offering you, how well it fits with your needs and if the company is worth doing business with. To learn more about the debt consolidation company, take a few minutes to check them out on the web. Learn more about what services they provide and find out what consumers that have used them have thought of their abilities. The debt consolidation Arizona company can provide you with many things if you find the one that fits your needs ideally. With so many companies to choose from, doing a bit of research now can save you a large amount of time later.