Debt Relief Information


Worried About Debts?


Having trouble paying your bills? Getting dunning notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car?

You're not alone. Many people face a financial crisis some time in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn't have to go from bad to worse. If you or someone you know is in financial hot water consider the options below. How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future.

Developing a Budget: The first step toward taking control of your financial situation, is to do a realistic assessment of how much money you earn and how much money you spend. Start by listing your income from all sources. Then, list your "fixed" expenses - those that are the same each month - like mortgage payments or rent, car payments, and insurance premiums. Next, list the expenses that vary - like entertainment, recreation, and clothing. Writing down all your expenses, even those that seem insignificant, is a helpful way to track your spending patterns, identify necessary expenses, and prioritize the rest. The goal is to make sure you can make ends meet on the basics: housing, food, health care, insurance, and education. Your public library and bookstores have information about budgeting and money management techniques.

In addition, computer software programs can be useful tools for developing and maintaining a budget, balancing your cheque book, and creating plans to save money and pay down your debt.

Contacting Your Creditors: Contact your creditors immediately if you're having trouble making ends meet. Tell them why it's difficult for you, and try to work out a modified payment plan that reduces your payments to a more manageable level. Don't wait until your accounts have been turned over to a debt collector. At that point, your creditors have given up on you. Managing Your Auto and Home Loans: Your debts can be unsecured or secured. Secured debts usually are tied to an asset, like your car for a car loan, or your house for a mortgage. If you stop making payments, lenders can repossess your car or foreclose on your house. Unsecured debts are not tied to any asset, and include most credit card debt, bills for medical care, signature loans, and debts for other types of services.

Debt Consolidation: If your objective is to reduce interest rates and lower your monthly payments, avoid bankruptcy, consolidate your bills and have one monthly payment, or simply get out of debt the fastest way possible, then a debt consolidation loan could provide the answer.

Are you paying out too much every month for your credit cards, store cards and loans? Then why not replace them all with one, lower, convenient repayment through a consolidation loan?

Consolidation loans can give you a fresh start, allowing you to consolidate all of your loans into one - giving you one easy to manage payment, and in most cases, at a lower rate of interest.

Secured on your UK home, low cost, low rate, cheap, low interest debt consolidation loans can sweep away the pile of repayments to your credit and store cards, HP, loans and replace them with one, low cost, monthly payment - one calculated to be well within your means.

With a Debt Consolidation Loan you can borrow from 5,000 to 75,000 and up to 125% of your property value in some cases.

A UK Debt Consolidation Loan is a low cost loan secured on your UK home. It frees up the spare capital (or equity) in your home to repay your store card and other debts.

It can reduce BOTH your interest costs AND your monthly repayments, putting you back in control of your life.

Debt Consolidation Loan rates are variable, depending on status Your monthly repayments will depend on the amount borrowed and term.

You may freely reprint this article provided the author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available online secured loan via the http://www.directonlineloans.co.uk website. To find a loan that best suits your needs visit http://www.directonlineloans.co.uk


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Washington Post

Judge rejects DeVos's interpretation of order to halt partial student debt relief plan
Washington Post
The case stems from DeVos's decision in December to provide debt relief to former Corinthian students by comparing the average earnings of students in similar vocational programs. That earnings information is collected under gainful employment, ...
Education Department ordered to stop collecting debts from defrauded Corinthian College studentsThe Hill
The Future of Student Debt For Black People Is Looking Brighter: Here's WhyNews One

all 9 news articles »


Reuters

Greece expects substantive debt relief decisions from Eurogroup
Reuters
The Eurogroup will discuss debt relief to ensure Athens can return to market financing after eight years of loans from euro zone governments and the International Monetary Fund. “The accepted criteria for all sides is that this solution be convincing ...
Greek debt relief deal draws closerIndependent Balkan News Agency (press release) (blog)
Greece expects substantive debt relief conditions from Eurogroupwww.ekathimerini.com
Greece to get up to 15 billion euros after third bailout – German officialHellenic Shipping News Worldwide
euronews
all 102 news articles »


CA Attorney General secures $67 million in debt relief for former students of defunct for-profit school
Lexology
According to the announcement by the California Attorney General, Xavier Becerra, the debt relief totals $67 million for the former students. The complaint, filed on the same day as the order, alleges the company engaged in unlawful debt collection ...



U.S. News & World Report

The Macedonia Effect? Deal May Boost Greek Debt Relief Hopes
U.S. News & World Report
"One cannot rule out that it will have a positive impact, since Greece appears to be a force that solves instead of creating problems," a Greek government official said, dismissing any suggestion that debt relief is dependent on the Macedonian settlement.

and more »


New York Times

DeVos Halts Partial Debt Relief Policy After Judge Slams Procedures
New York Times
In response to a court order last week, the Education Department said that it would grant a temporary postponement of loan payments for Corinthian students in lieu of federal debt-relief claims. It also said it would stop collection payments for four ...
Federal Commission on School Safety | U.S. Department of EducationUS Department of Education
President Donald J. Trump is Taking Immediate Actions to Secure Our SchoolsWhitehouse.gov
Betsy DeVos: School safety commission won't focus on gunsCNN

all 174 news articles »


Washington Post

Trump administration undermined student debt relief unit while claims mounted, watchdog finds
Washington Post
As thousands of applications for student debt forgiveness poured into the U.S. Education Department, the Trump administration cut the staff working on the claims and ordered a halt to an overhaul of the system, according to the agency's inspector general.



NBC Bay Area

Former Corinthian Students to Receive $67M in Private Loan Debt Relief
NBC Bay Area
California Attorney General Xavier Becerra announced in San Francisco on Thursday that the state has reached a settlement of $67 million in loan forgiveness for 35,000 students who took out private loans to attend programs of the now-defunct Corinthian ...
Nearly 35000 former Corinthian College students in California will see debt reliefLos Angeles Times
AG Becerra secures $67 million in debt relief for former defrauded Corinthian studentsKUSI
California Wins $67M in Debt Relief for Defrauded StudentsCourthouse News Service
The Business Journal
all 14 news articles »


Open Democracy

Greece: in need of a debt relief that actually works | openDemocracy
Open Democracy
It's not too late to steer the Greek economy and the EU towards a sustainable development course for the twenty-first century. There are tools to deliver this.

and more »


Debt-Relief Scam to Pay $2.3 Million in FTC Settlement
Inside Higher Ed
The operators of a debt-relief scam have agreed to pay $2.3 million to settle Federal Trade Commission claims that they bilked student loan borrowers out of millions of dollars by pretending to be affiliated with the U.S. Education Department.
Court approves $12 million settlement between FTC and student debt relief companyLexology

all 2 news articles »


Mid-Year Financial Review By National Debt Relief
Benzinga
The year is halfway done and there are a lot of consumers who are still trying to figure out their finances that is why National Debt Relief shared some tips to assess their finances. The article titled "How To Do a Mid-Year Financial Review" released ...

and more »

Google News

home | site map
© 2007