Posts Tagged ‘Debt’
October 18, 2014 | 
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If you are online looking for: – Debt Management Tips – how to get out of credit card debt – credit card consolidation – credit card relief – free credit rep…
Paul Grignon’s second presentation of “Money as Debt” tells in very simple and effective graphic terms what money is and how it is being created. It is an en…
The classic Schoolhouse Rock song “Tyrannosaurus Debt.” For more information, go to www.DisneyEducation.com.
Aug. 1 (Bloomberg) — Argentina’s failure to pay interest on its bonds is a credit event that will trigger settlement of billion of credit-default swaps, …
Nonprofit Debt Management Credit Counseling Providing Low Cost Student Loan Help
Lighthouse Point, FL (PRWEB) July 24, 2014
Debt Management Credit Counseling Corp. http://www.dmcconline.org, a nonprofit credit counseling organization (DMCC), announced today that it is providing free and low cost services to help federal student loan borrowers identify and implement affordable repayment options. The U.S. Department of Education offers various repayment options to borrowers who are struggling to repay their student loans. The options available, and the corresponding repayment terms, depend on many economic factors. DMCC provides borrowers free counseling and education to help identify the options that may be available to them. Low cost services may be requested to help borrowers implement their best option.
DMCC’s online calculator, which estimates the monthly payments under various federal repayment options, is the first step for borrowers seeking assistance. Using the calculator, borrowers can easily identify the option that may be best fit their budget. Taking a few minutes to fix what can become a 25 year problem is especially important to those borrowers whose student loans are in default. DMCC also provides links to information about each option’s requirements, costs and consequences. “One of the biggest obstacles that borrowers face is knowing where to start”, said Phil Heinemann, DMCC Executive Director. “Loan servicers do not always volunteer information about all the options available and more importantly, which one is best for you. The federal student loan websites and the options presented can be overwhelming. Our goal is to educate borrowers on their repayment options and help them implement the one that is in their best interest.”
DMCC cautions borrowers who are looking for help with their student loans to avoid debt relief companies charging high fees for such services. The repayment plans available for federal student loans are available at no charge through the U.S. Department of Education. However, the complexity surrounding the process, and consumer reluctance to speak with lenders, causes many borrowers to seek help from aggressively marketed debt relief companies that often charge excessive fees for their services.
DMCC provides its student loan services along with free personal budget counseling and general financial literacy education. Debt management plans to assist consumers with the repayment of credit card accounts are also available. Lower credit card payments obtainable through debt management plans, combined with budgeting, is an option that may provide sufficient relief for student loan borrowers to enable them to balance all of their monthly payments.
Borrowers looking for information about their student loan repayment options should go to the DMCC Student Loan Center or call 866-204-0520, Monday through Thursday 9:00am to 6:00pm ET or Friday 9:00am to 3:00pm ET.
About Debt Management Credit Counseling Corp.
DMCC is a 501c3 nonprofit organization committed to educating consumers on financial issues and providing personal assistance to consumers overextended with debt. Education is provided free of charge to consumers via seminars, workshops, a proprietary financial literacy program, and a vast array of online and printed materials. Personal counseling is provided to consumers to identify the best options for the repayment of their debt at no charge. DMCC is a U.S. Department of Housing and Urban Development Approved Housing Counseling Agency, is approved by the U.S. Department of Justice to provide bankruptcy counseling and education, and has an A+ rating with the Better Business Bureau.
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More Debt Press Releases
Posted in Debt | 
Tags: cost, Counseling, Credit, Debt, Help, Loan, Management, Nonprofit, Providing, Student | 
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The governor of Korea’s central bank has warned against lowering interest rates… saying ballooning household debt poses a major threat to the economy. Ji Myung-kil reports. Mounting household…
A video looking at way you can’t simply print money to pay off debt. And what has happened when countries have tried to! And for that matter why a country ha…
Video Rating: 4 / 5
Debt Consolidation USA Shares How to Aggressively Lower Debt
Phoenix, AZ (PRWEB) June 03, 2014
Debt Consolidation USA shared in an article published last June 02, 2014 how consumers can aggressively lower down personal debt. The article titled “5 Steps To Aggressively Lower Your Debt Balance” shared some tips and insights on how to achieve lowering down and ultimately paying off debt.
The article highlights the fact that Americans are still not over the hump of borrowing money. This has led to an increase in debt balance in the economy. It referenced the fact that coming off from the previous quarter, the total debt in the US went up by $ 129 billion. At the forefront would be mortgages with $ 116 billion increase. Total debt now stands at $ 11.65 trillion.
With this in mind, the article shares the most common steps to ensure that personal debt balance of consumers can be aggressively lowered down. The first one is creating a new budget. If debt is still increasing in the middle of an existing household budget, it warrants another look and do-over. It is beneficial to go through each line item and decide if the amount is justifiable or if the amount has to be decreased.
The logical next step is limiting household spending. As the budget is reviewed, it is great to focus on the expenses and determine where cuts can be made. This can also be the start of a adapting a frugal lifestyle. Living below the budget can free up some much needed funds that can be sent out as payments to debts and loans. The article also highlights the problem in consumer spending as most base it on earnings rather than on need.
The article also shares the benefit of having extra income. This is the monthly budget’s much needed shot in the arm as extra funds can do great things in balancing income and expense. The extra dollars can go directly to debt payment to lower down the total balance much faster. Being able to do gives consumers the chance to save up on interest payments as well.
Another idea is decluttering and selling items that are no longer needed. It has multiple benefits in several areas of a consumer’s life. It offers extra cash when the items are sold. This in turn can be used as payments for debt. It can also help in cleaning up the house and probably allow home downsizing which has numerous cost benefits.
To read the rest of the article, click on this link: http://www.debtconsolidationusa.com.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
National Debt Relief Discusses Budgeting Advice from Money Experts
Dallas, TX (PRWEB) May 13, 2014
National Debt Relief shared in an article published last May 11, 2014 pieces of advice about budgeting from experts. The article titled “Here’s Budgeting Advice From Four Top Money Experts” shares excerpts from 4 world-renowned money and budgeting experts in the industry. It aims to educate the public more about money management.
The article highlights key learnings from 4 different budgeting experts and explains their use in everyday consumer life. The material explains the practicality and use of each key piece of advice.
Suze Orman – Gaining popularity through a CNN TV program and from authoring the book “9 steps to Financial Freedom,” makes her a reputable voice in the industry of personal finance. The article shares her view on cutting back 10% in family spending. The article goes on to explain how it can benefit the savings account tremendously in a short span of time. And the cutback in spending is not so much that the family will question the move and the motive.
Dave Ramsey – The financial author TV personality, radio host and motivational speaker shares his wisdom when it comes to groceries every month. He mentioned that people tend to budget around their expenses totally forgetting about the groceries. The article further explains that it is best to over budget for groceries by looking at the past tally and adding about $ 50 on the expense. It is always better to over budget and save up rather than going over the budget.
Rick Adelman – This NBA player and coach who recently retired as the Minnesota Timberwolves head coach shares how important it is to look at the past to prepare for the future. It is a good idea to check what expenses were incurred in the past. The total of those would most likely be the amount again in the succeeding years. This helps consumers on a take off point when preparing a budget for the year.
Gail Vaz-Oxlade – This Canadian TV celebrity and “’Til Debt Do Us Part” host discussed the concept of magic jars. This finance author explains how making use of this practical financial practice can save up overspending for items in the budget. The article explains that magic jars are where money for food, clothing and other expense items are placed. When the time comes that the consumer is about to make the purchase, only the contents of the jar will be used. It keeps the purchase within budget and prevents overcharging.
The article also explains the importance of creating a monthly budget. It shares that no matter how much advice consumers get from experts, if budgeting is not practiced, it will be hard to understand.
To read the rest of the article, click on this link: http://www.nationaldebtrelief.com.
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©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
More Debt Press Releases
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