Anna Lee (Guest) - No matter how much your debt is, it is still not too late for you to free yourself from your debt.Visit Total Services Debt today and be a debt free tomorrow.
For more information, interested parties may visit on the site at: http://www.totaldebtservices.com

KG101 - I actually did debt settlement myself. I successfully reduced my credit card debt from $212,000 to $30,000 in about six months and had over $100,000 in debt written-off.  While this did affect my credit score it was not horrible.  It fell from the mid-700's to just over 600.  I freed myself from $3600 a month in interest payments and because I closed my settled accounts, have learned to stop living on credit cards entirely.

Kenny Golde (Guest) - I actually did debt settlement myself. I successfully reduced my credit card debt from $212,000 to $30,000 in about six months and had over $100,000 in debt written-off.  While this did affect my credit score it was not horrible.  It fell from the mid-700's to just over 600.  I freed myself from $3600 a month in interest payments and because I closed my settled accounts, have learned to stop living on credit cards entirely.

CHNfly - That is a good idea .

V.M. (Guest) - DO YOUR RESEARCH before attempting debt settlement. It may not be the wonderful idea you think it is.

In regard to debt counseling costing money, there are organizations that will provide financial counseling for free, e.g. Crown Financial. You can look it up online. Whether they report to credit agencies or not, I'm not sure, but it sure beats paying for the same kind of service.

srikutty - Good comment thank you very much

- good review. keepp it..thanks

imfree - Thank's for the review... it's very helpful for me

- good advice !

- Thanks for sharing your blog. It's a good help.

- very large blog dude........

sorabh2312 - thanks

- good information for us.thanks

babecollector - nice post dude

- too good

- si affective.

anne_20002002 - great article

- Nice topic

- It is very helpful and explained in details.

pratikg - Yes, doing nothing will help us to drown in debt more quickly.

jebsmommy - Nice topic, I'm going to take some of your advice. Thank you

saizo6 - Great article.  It had a nice breakdown of things.  I liked how it got straight to the point without beating around the bush.

roadkilldxh - i love how this article breaks everything down. we need more posts like this!!

shinkai03 - Amazing article!

shinkai03 - Nice information thanks a lot!

- Thanks for sharing. Really great article

xwhiteshadowz - very informative.. very true

contactknb - Thank you so much !

ajamiro - Thanks...so much

ajamiro - Thanks...so much

- Thanks for sharing this info. Great article. Keep it up.

szack - Its very good

-  IT IS VERYGOOD

 

- This is really nice.

- good review.helpfull info.thanks

nagasri - Nice information! Thank you

leira03 - this can be a good help. :))

mnemosyne - good points. i think not doing anything is the worst.

rosiej - Thank you for sharing.

- good one

- wow, i appreciate these stuff posted here. please continue posting good articles.

- good information. thanks

- nice info for all........

lingesh - thanks for the great advise!

lingesh - very good.

- thank you... such a good advice...

- Great article! Thanks!

jdmanuel - thanks for the great advise!

spicysweetie21 - thank you for the advice, that is all very good to know how to best deal with debt

szack - U're very good

- good information

pagadala - Thanks for the info

pagadala - good informative blog.........

sunroyal - very goog toppics post.....

- great articles ..very helpfull

- good article,thank you so much. help me a lot.

bandulf - this would be a great help..

- perfect analysis  ya... thank u...... great.....

hahnhahn - thanks nice article

pay shit (Guest) - Paycards shop or Paycards banking

It is a scam Vitrual card Website

http://www.paycardshop.com/

paycards@hushmail.com

It is SCAM, I pay USD 150, they never reply after receive my money. Be careful!!

- great info..keep it up..

joanbonner -  informative...thanks

- very good analysis.

anne_20002002 - great info. to all, nice article

- nice insight

- That is certainly helpful. Thank you for this review.

Tariq (Guest) - Congratulation for your effort.Nice review

ruel_ortilla - do everything to your debt....

parulg - The five debt relief options are great.

serendipity - Nice review, good post!

serendipity - Great article. Thanks.

froggpond - Thanks for the post and good work

- good work

Number1Femme - Great article! I didn’t know that about debt counseling. I would think that was good. I didn't realize that creditors are informed of that!

oreocookie3 - Very helpful tips on what can harm your creditworthiness. One would think that counseling would be helpful, but I can see now where it could be harmful. Thanks!

- hi there! :) thank you for your post and i find it really helpful. may you share more of these kind.

sona - Thanks for giving us the information to live a good debt life.

- it is good for all.....

- very useful toppic.we should dont Worst Things of our Credit

- Nice and informative Pre-cautions

- Thank you for the great tips. this is very helpful

- Thank you for sharing the four worst things i can do for the credit i do not have but probably one day have and this information will come in handy.

Jack.co - very good article and is perfectly up to date !! very well written !!

raigorx - Very unique article, thanks!

atheniankid - Now i know what i'll do for my credit cards.

- i read this blog..it is really good...

- very interesting article........

- Great info! Thanks for sharing!

- It's a fantastic post!

MVVSPR - Great information.Thanks for sharing.

atheniankid - I'll definitely do that, thanks!

- The worst thing to do when in debt is doing nothing.  This can be very costly when it resorts to litigation.

- good

babylilay - Great review! Nice

babylilay - Absolutely correct! Thanks.

belleph - Good content. Very informative!

- your blog was so helpful.. thanks for debt counselling

- it's helpful to me and i noted down. maybe i can tell my friends and share with them.

- fine and it is a classic blog to deal with and i am very happy with it

- wow.  your blog post is very helpful and i actually noted down the link and shared it with a friend in a troubled time right now. i gave the link to your blog and i hope this will be able to help her as well. bless you.

timliu7777 - Debt Counseling is very helpful and it wll good work for ours

- Debt Counseling is very helpful

- it wll good work for ours.

- thnx 4 nice blog

- nice toppics

- good one..

shinkai03 - Debt counselling would be very useful i suggest.. Great work!

- thax for the info..

- good one thanks for sheraring those informations..   

- Wow, theres so much here that I didnt know. This will really be helpful for the future. Thank you for putting this up. IT will help a lot of people.

lynnemg - You would think that debt counselling would not show up on your record, very interesting to know. Great information!

- although longer post but i must say a helpful advice and very informative blog

- thank you for sharing those infos to us.

- Bankruptcy brings with it some amount of humiliation on the person.  If we can help it, we much try to avoid ending in bankruptcy.

akhil4u6 - I never knew that bankruptancy would stay for 7 years on credit score..Thanks for making a note..

- Thank you for the information...very well explained...

somecowgirl - very thorough indeed. Debt is a confusing thing, but I read through it and am glad I did. Right now my debt is so low that I am not concerned with it. I am earning online to save money for mine and my fiance's wedding, and then will work on paying off the miniscule debt.

I appreciate this article.

bench (Guest) - wow...that is all true and to be honest at the age of 23 i already have debts and i dont know how to pay it....but i just keep on working and working coz i know someday i can pay all those debts...your blog is useful especially us...thanks

Tam - very useful information! will definitely hope i won't encounter these stuff in the future

timliu7777 - so good

- I would definitely not land on doing nothing. Thanks for your input. Very informative.

samchristian1987 - Nice article

shinkai03 - Great work as well as the effort involved.. ~.^

rofizarkasih - Your article is very enlightening me.

- you have given very important information here thanks for sharing i hope every one would get help from it.

- great good information

aliaslucs - great article very helpful to me.

pinl - Few people are born with a silver spoon while others struggle for everything. Your advice definitely helps in credit issues.

- Hope it will help...thx for the information

- information are good , nice artikel

aizjane - Thanks for the information. Sometimes we have to borrow some cash to live but we have to pay in return too.

bedarmy - informative article.. thanks 4 share

-  If we keep on idle without doing anything , it lead to the serious problems. But this is the case happening in case of over debt

shruthi - advices are good

jasper - well....it applies to most of us since were not endowned financially....thanx for beaming a light for us

- I was thinking about debt consolidation thing but we are considering the amount rate given is lower than the interest of the existing loan. It doesn't have to be long term paying, but as long as the interest is lowered, we will live to that.

- Great article .

Cfrance - Great information. I am concerned about any debt consolidation company. Alot sound like scams.

vipul_thecoolchamp - That's a very interesting and informative post. ..

thanks a lot bro....

it was good

- That's a very interesting and informative post. Post more discussions like this.

- Thanks for your advice !

- thanks a lot  good post.

- nice good idea.

- Great article! thanks!

- nice written

debt-consolidationss (Guest) - This is a quite a cool info for people who does not cares about debts and their credit scores....thumbs up.......
www.debt-consolidationss.com

debt-consolidationss (Guest) - Hi,

This is a quite a cool info for people who does not cares about debts and their credit scores....thumbs up.......

shruthi - thanks for the valuable tips.

- thank for all information

rebelmel - I definitely used to ignore my debt, and I ran from it, for a few years. It never went away, and I never won the lottery like I hoped, so now at the age of 24 I can't get any credit cards or take out loans. I wish that I had tried to set up payment plans when I was a lot younger for the things I was in debt for. I owe so much at this point I am not even sure where to begin with chipping away with my debt.

beautyqueen26 - Ignoring your current debt is never the solution. That would be about as dumb as not paying your mortgage payment and then wondering why your house was reposessed by the bank.
These things have a tendancy to come back and bite you.

You have to get serious about debt reduction.  First, stop spending money on the credit cards.

They are not a free ride!

-   doing nothing--those who are in excess of fear of their debt ,are keeping themselves idle and  get into the trouble

- It's pretty much don't let your credit eat you up.
Manage and handle your debts well and not let them eat you!

- Thanks for all the information.  I have gone through a bankruptcy before and let me tell you, about 6 months after the discharge of my bankruptcy every credit card company offered me credit.  It is extremely easy to get back into the credit trap all over again.  I learned the hard way.  My new motto is "I got myself in this mess, I (alone) will get myself out of it".  I have been having an extremely difficult time trying to make ends me, however my debt is s-l-o-w-l-y going away.

v._.b - Credit cards have made budget management difficult. Most people just spent through credit cards keeping in mind the next months income. But by the time it arrives, credits are about to exceed it. It causes stress and finally they end up cutting on their essentials. If you too are one of them, start using Debit cards only- no matter how many points or discounts you get on credit cards.

sheekaka (Guest) - The best advice I can give to anyone deep in debt is to call a local bankruptcy attorney and ask for a consultation. If you have a referral from someone you trust, this is great. I made the difficult call and was lucky to get a decent local lawyer who reviewed my situation, explained the pros and cons and gave me his opinion of my best approach based on the laws. This initial consult was free and while you may be thinking the lawyer is hustling me for a chunk of change, I have to say that I have his name, address and location rather than a telemarketing debt relief company and he can be disbarred for misrepresenting his clients.  Do your homework. I have heard horror stories about debt relief companies leaving people high and dry with bad credit and paying a lawyer to do this right was an insurance policy that took the guess work out of legal fresh start. 

David (Guest) - I really enjoyed looking through the post and found it as an informative one.The facts of debt negotiation and debt settlement are described clearly.In fact I learned from this post that debt settlement can keep you away from filing for bankruptcy. You can also restructure your finances according to your convenience.It is a way to pay off debts faster. Debt settlement companies negotiate credit card debt settlement or other bills and reduce your debt amount.

buggles (Guest) - I have read and agree that if you consult and inlist the help of a credit counseling company, it is just as bad as filing for bankruptcy.  I am learning to manage my money better, especially now that I do not have a reliable source of income.  I did not get into debt overnight, it was a gradual process (I'm not discussing my student loans)   I have always prided myself on paying my bills and paying them on time; however, unforseen obstacles led me to believe that credit cards were my only solution.  I have one bankruptcy on my credit report and I don't intend to make it worse by adding "credit counseling."

KL (Guest) - You don't solve money problems with money...You solve money problems with management....Prepare yourself a budget & stick to it, no matter what. Make yourself  THINK SAVINGS AND STOP CHARGING! Most programs that advertise to help you out of debt such as settlement companies are rip-offs and scams! They are out there to make money. You only pay them to get further in debt by paying their fees and further damage your credit. I had to learn the hard way so please learn from my mistake. If you're really serious about getting out of debt you can do it yourself. Don't be a sucker!

HelpMePayOffMyDebt - Doing nothing is the worse thing by far! 

If you do nothing you accept that you will always owe other people everything you own.  That is not the best way to go through life my friends...

Carolyn - Some good advice here. The problem for many people with some of the methods, ie debt consolidation is that old habits die hard. I know, our family have a terrible tendancy to max ou any creit card we have. In an ideal world I would like to get rid of both of my credit cards, adn never have to have one ever again.

I know I have not been disciplined enough in the past to pay the card off every month - I don't know when we might be able to do that month after month. And now Christmas is coming!!!

tbates - People are a creature of habit, and get comfortable with their direction and are uncomfortable with change. When your faced with mounting debt, and no money left at the end of the month you have heavy decisions to make. These decisions should be well thought out, and calculated. Don't rush into anything, take your time, don't let anybody push you into anything.

Heck even do some shopping around. "OOPS, if your reading this and have mounted Credit Card Debt you have probably already shopped around. If you want to keep paying interest on the accounts and seeing nothing change on your amounts owed do what you have been doing. And you will keep getting nowhere and letting the banks control your finances and future.

Ask yourself these three questions then weigh the risk of debt settlement:

1. If you lost your job today and had no money on hand where would you get money to feed or house your family?

2. If you lost a loved one after loosing your house and job how would you provide for your other family members?

3. If your family lost you today, and had no money saved, how would they continue?

They money your wasting now on unsecured debt, stretching to get by can and in most cases will impact your entire family at some point. The decision to take control and rebuild is a decision only you can make. The risk is far less than doing what your doing.

Below are key factors in choosing a debt settlement company to assist are listed below.

* Does the Debt Settlement Company you are considering report to any of the three major credit bureaus about your enrollment in their program?

* Does the debt settlement company you are considering have IAPDA certified debt arbitrators? IAPDA certified debt arbitrators possess a solid understanding of the laws governing the Debt Settlement industry and fully understand your current financial situation.

* Does the company offer any type of service guarantee? If so, what is the guarantee? If a company can not get settlement on your debt, you should never have to pay a fee, or the fee should be fully refunded.

* Does the debt settlement company you are considering belong to the United States Chamber of Commerce? If so, is the Chamber an accredited member of the Chamber of Commerce of the Unites States?

* Is the debt settlement company you are considering a member of the Better Business Bureau? If they do not advertise this, you can always inquire with the BBB first.

Knowing the risk of doing nothing, your risk in debt settlement can will be different for every person. They can include collection calls "we can stop most all of them", You will get letters from the banks "you get them now" Your credit score will suffer "you don't have a credit report now" you have a debt report. Other risks could include an attorney telling to pay up. In most cases and attorney is not even involved, yet the collection letter comes on his letter head. Biggest risk of all is "YOU BEING IN CONTROL". That is a risk the banks don't like to take so they can and will settle with the right approach.

In order to lower the risk in debt settlement, be sure you have searched the BBB report, make sure the company you use is an active member of the United States Chamber Of Commerce and IAPDA Certified. This will increase your chances of reaching your desired goals.

Tom Bates, CDA CEO-President Absolute Debt Solutions, Inc. http://www.absolutedebtsolutions.com