Settling each of your credit card debts successfully, and for the best possible savings results, follows a simple formula. The formula is 2 parts math and 1 part timing. The best debt settlement deal available to you with each of your debts can be a moving target when the math (the money you have available […]
Debt Bytes Blog
Hardship Payment Plans for Credit Card Debt
What are bank sponsored credit card hardship payment plans? Banks reach out through the phone and with mailers in an effort to get accounts that have fallen behind back on track. Large credit card banks are willing to work directly with you shortly after you miss a payment. Hardship payment programs are a bank’s loss […]
How a Credit Card Balance Transfer can be Used For Debt Consolidation
If you have landed on this site because you are searching the internet looking for credit card debt relief, you may already be familiar with a term we describe below called the credit card “balance transfer boogie”. By familiar, I of course mean you have already danced to that tune. Many people looking for debt […]
Best Debt Solution Options – An Overview
Because the options available to eliminate problem credit card debt are limited, I often find it more productive to use a process of elimination to help determine what would be the best debt solution. Most readers will find they can narrow down the list of debt relief options to one, or perhaps two, using the […]
How to Find the Best Consumer Credit Counseling Agency
The vast majority of credit counseling agencies in the U.S. operate as a nonprofit company. That does not necessarily mean they are charitable organizations. They still operate like any business does, with an eye on income and expenses. But they do have to meet some strict IRS standards to qualify as a nonprofit consumer credit […]
Top Drawbacks to a Debt Management Plan
In my first article on credit counseling, I outlined the many benefits you get from working with a credit counseling agency in a debt management plan. But there are also drawbacks to enrolling in this form of debt consolidation. And the concerns are not minor. There are many debt relief options discussed throughout the CRN […]
Lower Monthly Payments with Credit Counseling
Consumer credit counseling agencies act as an intermediary between you and your creditors in order to establish a set, lower monthly payment plan that your creditors agree to accept, and that you can afford. The method used to lower your payments is simple enough to explain; your banks agree to lower your interest rates, and […]
Midland Funding LLC or Midland Credit Management Trying to Collect From You
I recently spoke with a woman who had just been sued by Midland Funding LLC for a debt they bought from Citi bank. The amount she is being sued for is a few thousand dollars. She is being sued by a debt collection attorney in her state after collection attempts were first made by Midland […]
Arrow Financial Services – Debt Buyer Closed Shop – Debts Purchased – LVNV Collecting
Arrow Financial Services was once a major player in buying up bad debts like charged off credit card bills. One of the more aggressive ways Arrow sought to collect on old unpaid credit card debts was to use the courts. Debt buyers like AFS send some of the debts they buy up on the cheap […]
Former Debt Collector Opts to Help People Get Out of Debt
Ever wonder what makes a debt collector good at getting people to pay debts? In the below video, I interview Jared Strauss, a former debt collector. In the video below, he talks about his methods for collecting debt that made him such a success. What he has to share will likely surprise many viewers. What […]