Credit Card Payment Plans

If you are looking for an accelerated payment plan to get rid of your credit card debt then you can try this approach.  This website is dedicated to help consumers eliminate unmanageable debt.  This option, however, advises you how to pay off 100% of your debt over time with minimum damage to your credit history.  If your finances are tight but workable and you are not yet drowning in debt and...

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Debt Settlement Priorities

Before the negotiation process begins you must get your house in order and develop a game plan as which creditors to attack first.  Also, the amount of settlement you want to obtain, and how to present your situation in a way your creditors will want to settle quickly and for the right amount. First know exactly how much and to whom you owe money.  Get out your credit card statements and loan...

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Finding Extra Funds

In these tough economic times it is a good idea to go over your income portfolio and your expenses.  Find out where you can receive some extra funds to start paying off your debts.  Some ideas on how to find these additional funds: 1)      Increase your income – work more hours, ask for overtime, or look for a part time job.  Every extra dollar you earn and apply to your set aside will...

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Debt Validation

To best explain Debt Validation, we will go through a typical scenario during the debt settlement process.  For example, say the original creditor has given up trying to collect from you.  Your account is now 180 days delinquent and the creditor has taken their write-off and assigned the account to an independent collection agency.  Or, the delinquency is older and the account has been...

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Debt Purchasers

The original creditor has exhausted all his internal and external collection agency resources and yet the debt remains unpaid.  Aging probably exceeds one year or more and the creditor has little hope of collecting on the account, and legal action is an expensive shot in the dark.  Their final option is to take their tax write off and sell the debt to a 3rd party company known as a Debt...

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