Posts Tagged ‘Debt’
June 22, 2013 | 
Author National Debt Relief Exposes Credit Card Facts That Most Consumers Do Not Know
Miami, FL (PRWEB) June 21, 2013
National Debt Relief, the leading provider of debt settlement services puts the limelight back on credit cards. On June 4, they published the article entitled “5 Little Known Facts About Credit Cards You Need To know.”
The article tackled the very controversial nature of credit cards and how some facts can affect the overall debt amount of consumers. In some instances, it makes the debt even worse than it already had become.
The debt relief company does not completely bash the cards. In fact, they admit that “credit cards can be wondrous tools” but it had to be used correctly. To do that, consumers must understand the whole nature of the plastic cards. This is what prompted National Debt Relief to publish the 5 facts that they believe consumers should know.
Here are the 5 facts that were discussed in the article.
The first fact is credit card companies have every right to raise their interest rates whenever they want to. These cards are notorious for having high interest and to have that increase further will also grow your debt balance. The article states that the first year of the cards is usually the only time the rates are safe from having a high increase. The article also mentioned that even if the consumer is a great card holder (e.g. pays on time), they will still increase rates if they feel like it.
To counter that first fact, the article revealed that consumers have every right to refuse that interest increase. This is fact number two. Card holders can actually write to their creditor to negotiate that they keep the old interest rate. There are three things that can happen. The card company can either lower the credit line, increase the monthly payment of the consumer or close the account. In case the creditor closes the account and the consumer agree that it is the best course, they should be given around five years to completely pay off the debt. Whatever is decided, the debt relief company warns consumers to put everything in writing.
The third fact involves the protection that these cards can give. The article is quick to say that this is not for all cards though. It includes purchasing something that does not arrive or receiving something that was not what the card holder ordered. Theft through credit cards are easier to track than stolen cash so that in itself is a protection for consumers.
The fourth fact that the article discussed involves fixed rates. Fact is, it may not be fixed at all. Or at least, the article notes that it will not stay fixed and that it can convert into a variable in the future. Of course, before this can happen, the law requires card companies to provide consumers with a 45 days notice.
The last fact that the article revealed is all about the balance. Sometimes, card companies do not impose a spending limit. In some cases, there is a limited amount that can be forwarded to the next month. The article admits that this can be confusing so they urge readers to read the fine prints on the credit card’s terms and conditions.
National Debt Relief hopes that through this article, consumers will be more cautious about how they use credit cards. The debt relief company have already worked with thousands of clients who are mostly burdened with credit card debt.
To read the whole article, visit National Debt Relief or call 888-703-4948 to talk to an International Association of Professional Debt Arbitrators (IAPDA) certified debt expert.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Statement from Fix the Debt Small Business Leaders
(PRWEB) May 04, 2013
Members of the Campaign to Fix the Debt small business coalition – including the National Small Business Association, National Gay & Lesbian Chamber of Commerce, Minority Business Roundtable, and Women Impacting Public Policy – reacted to the April jobs report.
“On Friday, the federal government released the April jobs report. Private-sector employers added 176,000 jobs in April, of which more than 40 percent were created by small businesses, according to initial estimates,” the organizations said in a statement. “While this growth in small business employment is encouraging, Washington has an opportunity to create even more new jobs – if our leaders can simply address our nation’s fiscal dysfunction.”
“Announcing a plan to shrink the deficit and put the debt on a downward trajectory as a share of the economy would provide greater confidence to our nation’s small businesses, and, as a result, provide the assurance essential for businesses to make the investments that allow for success,” continued the groups, who are part of a non-partisan movement to put America on a better fiscal and economic path.
“Most importantly it would spur an increase in opportunities for small businesses to hire more workers and contribute to a stronger economy. We stand with the Campaign to Fix the Debt in its efforts to let our elected leaders know that inaction is no longer an option. For the sake of America’s small businessmen and -women, it’s time to fix the debt.”
The Campaign to Fix the Debt is composed of individuals from different social, economic and political perspectives who are united by a common belief that America’s growing federal debt threatens the future of the country and must be addressed.
The National Small Business Administration (NSBA) advocates on behalf of America’s entrepreneurs. A staunchly nonpartisan organization, NSBA’s 65,000 members represent every state and every industry in the U.S.
The National Gay & Lesbian Chamber of Commerce (NGLCC) is the only national not-for-profit advocacy organization dedicated to expanding the economic opportunities and advancements of LGBT business community.
The Minority Business RoundTable (MBRT), a registered non-profit corporation, is a national membership organization for CEOs of African-American-, Hispanic-American-, Asian-American-, and Native-American-owned top-tier businesses, representing a variety of trades and industries.
The Voice for Women in Business in our Nation’s Capital, Women Impacting Public Policy, Inc. (WIPP) is a national nonpartisan public policy organization that advocates for and on behalf of women and minorities in business in the legislative processes of our nation, creating economic opportunities and building bridges and alliances to other small business organizations.
# # #
For more information on the Campaign to Fix the Debt, please visit http://www.fixthedebt.org.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Professional Tax Firm CTR Offers Advice To Taxpayers Receiving Debt Notices
Honolulu, HI (PRWEB) March 16, 2013
CTR’s Honolulu tax attorney is pleased to announce that the firm is offering consultations for any taxpayers that have received notices relating to tax debt. There was concern amongst executives at the company that some people may be avoiding getting help due to large up-front fees. An individual may not know they need help until they’ve explain their situation to knowledgeable tax experts.
“The IRS will collect on balances owed to them, just like any lending institution or credit card company,” said a CTR spokesperson. “If you can’t repay your state income tax debt in full, contact a Hermosa Beach tax attorney for a solution. We want you to come to us and get a consultation to find out how we can help you with your debt.”
CTR’s tax professionals offering free consultations have seen an increase in clients choosing one of several methods of repayment, dependent on their financial situation. Whether a debt is owed on a state or federal income tax balance, tax specialists take into account debt, income and expenses when suggesting a settlement plan. In certain circumstances, a taxpayer will find the most success from an Installment Agreement. Success in getting rid of debt is the main reason the firm has restructured their fees to allow for the offer of advice.
CTR’s tax firm will, on occasion, solve federal tax problems with a hialeah tax attorney. In this case, charging for consultations will drive away potential clients that need help but cannot afford to spend money on simple guidance when they can’t make their debt payments on time. Taxpayers in financial hardship have been helped by consultations that lead them to apply for Currently-Non-Collectible status. Some clients have discovered during cost-free meetings with tax specialists at CTR that they would be best served by an Offer-In-Compromise, which involves offering a single payment to the IRS at a percentage of the total balance.
A spokesperson for CTR stated that “tax debt is not a thing to ignore. If you don’t pay the IRS and dismiss notices sent to you, you may find that the IRS takes your house, cars, and money from your bank accounts of paychecks. Our consultations at a Huntington Beach tax attorney can be the first step to finding a solution that works for you and the IRS. Don’t hesitate to take advantage of our free advice.”
CTR offers tax debt resolution and tax services for individuals and businesses across the United States. The company uses a three step program to create personalized strategies to help taxpayers settle their IRS debt. The company offers many services, including: state and federal tax debt resolution, IRS audit defense, tax preparation and bookkeeping.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Related Debt Press Releases
Posted in Debt | 
Tags: Advice, Debt, Firm, Notices, Offers, Professional, Receiving, Taxpayers | 
3 Comments »
It’s a myth that only the rich can be debt-free. The truth is that anyone can become debt-free. True debt reduction is plain common sense and hard work. Debt…
Video Rating: 4 / 5
RT’s Laura Smith talks to free banking advocate, a Conservative MP, Steve Baker. RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscri…
The best way to get out of debt is by keeping expenses lower than income and use any low interest-bearing savings account money to pay off higher interest credit cards. Avoid the pitfalls of debt withtips from a financial planner in free personal-finance video. Expert: Julie Asti, CFP Bio: Julie Asti works as a financial planner for Asti Financial. Filmmaker: Bing Hu
Article by Carlenemiyashiro
When you are under the pressure of debts, finding the right help can be a great relief for you. The debt help programs available in the market will not just help you to eliminate your debt problems, but also rebuild your finances. Apart from these, there are also many other benefits you can obtain by opting for the right assistance. For instance, a good debt relief help can also boost your credit scoring and provide you more purchasing power. However, in order to obtain these benefits, it is necessary to look for the right assistance. Performing a proper research and selecting a reliable debt relief company can provide you the best possible results.
The number of credit card debtors in increasing everyday considering the poor state of economy where everyone is using the card system of buying now and paying later. While some manage to pay back, there are many who are unable to pay back their credits and they land up in debt. There have been many serious cases where the creditors have sent bailiffs to the debtors’ houses to harass them and forfeit their property. If you are in debt too, then you shouldn’t just sit and cry about it. You have to take measures and seek some kind of debt help so that you are never faced by a situation like that.There are, basically, two types of debt help that can you can get today whether it is provided by a government organization or a private firm. These are:
Debt Management: This is the quickest and easiest way debt help you can get. Your professional expert will review your current financial state and the total debt on you and will negotiate with your creditors on behalf of you to reduce your payment. Your interest will be lowered greatly and you will have to pay a fixed amount which will be affordable by you for a fixed period of time. You will pay the monthly amounts to the management company and they will, in turn, distribute it among the different creditors you owe.It does not matter how big or old your debt is you will be able to make real changes to the financial standing by hiring the right debt help service. When you look for these services, you will come across numerous companies, which are offering instant relief solutions for the consumers. However, as you will find innumerable companies, which are offering these services for the customers, it is very important to select a company that can provide you valued service. For instance, opting for a company that can offer the lowest interest rate on the lump sum amount of the debt ensures that you are obtaining the most beneficial plan, when you are suffering from long-term finance problems. Although, you will be in urgent when you are looking for a debt relief help, it is very important to make sure that you are performing a thorough research for obtaining the best.Before getting a debt help, it is very important to understand the program you are opting for thoroughly. You should know what you have to sacrifice for getting the program done. Developing a realistic expectation and hen looking for a debt relief company is very important.
About the Author
More information is available on debtmanagementconsultants.co.uk.They offer information on how to obtain debt help,as well as debt help for first time buyers. If you’re interested in finding debt help,visit one of the links above.
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
Related Debt Articles
Article by matt couch
Getting out Of Debt is one of the most major problems in everyone’s lives and one wants to come pout of this issue as soon as possible. This is the reason why people prefer Debt Settlement option as the best way to purge out of liability issue and the best way of getting out of debt.
There are several debt relief options available for you and the most preferred one is Debt Settlement which helps you in Getting out Of Debt much faster than what you may have thought. After you hire a settlement firm, then you will have the benefit of going ahead and start negotiation with your creditor and reduce your original amount to about 50% to 60%. A very great chunk will be reduced from your liability account even your rate of interest will be radically reduced or in some cases it is even deducted. This way you will be able to get off your liability faster and this is the reason why these debt settlement companies are getting so much popular these days.
There are numerous consumers who have been able to get rid of their outstanding debt amount within a year or two. Debt settlement companies have got very popular in The US and also have even got a lot of support from President Obama. A large amount of Federal stimulus money was bestowed to these settlement firms so that they could help distressed borrowers who had been suffering due to liability issues for a long time. This is the reason why today debt relief option is so widely famous and the first option today.
If you too want to take proper benefit form debt relief companies then you can yourself find one in your state or even through the internet. You can in fact go straight to a relief network that has the names of a list of companies who are lawful and have a good past record as well. These relief networks only and only qualify the best performing debt settlement companies to be added in their list. This is the reason why you will not face many problems and will easily come across a good settlement company which will be beneficial for you.
Debt settlement companies are widely available in just about every state however some are just flat out more experienced than others in debt negotiation. That’s why it’s so important for consumers to use debt relief networks. These networks qualify and only accept the best performing debt settlement companies. To find a legitimate debt settlement company in your state check out the following link: Free Debt Advicecontact us for free debt advice =8883613619
About the Author
FreeCreditCardDebtAdvice.org is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.http://www.FreeCreditCardDebtAdvice.org
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
Find More Debt Articles
Article by Wayne T
At this time of financial uncertainty, and we’re all going through it, anyone who is trying to stay afloat and keep their assets must eliminate credit card problem. There are few options for anyone trying to stabilize their credit in the shortest period of time.
Are you in trouble with high credit card debt? Do you feel stressed to the point you don’t know which way to turn to get the help that you need? There are several places you can go to get the right information you need to help determine which is the best solution for your situation in resolving credit card debt.
1. Over the last 30 years the credit card industry has grown exponentially and the consumer debt collection business has as well.
2. The Federal Reserve and Business Week report 3.7 billion of consumer debt in 1970 increased to .5 trillion of consumer debt in November 2007.
3. According to ACA International, a consumer debt collection trade group, each year debt collectors return more than billion to the U.S. economy.
4. According to data from the U.S. Census Bureau, there were 159 million credit card holders in the United States in 2000, 173 million in 2006.
According to the American Banking Associate, 4.75 percent of bank cards were delinquent in the first quarter of 2009. The point is, there are millions of delinquent credit card accounts to go around to ambitious debt collectors and collection attorneys.
Today, all debt collectors and collection attorneys don’t expect to collect from all debtors on their lists. They would consider themselves successful if they collected half of the people they pursue. Their time is money, so why should they waste time to go after an educated consumer that knows how to legally resist credit card debt collectors. Well informed debtors understand the process needed to eliminate credit card debt and can handle the attorneys and debt collectors smartly and with resolution.
Bankruptcy is a very difficult experience for anyone to handle. If bankruptcy is filed and issued it remains on the consumers credit report for ten years. A whole decade of poor credit.
In keeping with the Fair Debt Collection Practices Act, debt collectors or collection attorneys initial demand for payment can signal to the collectors that this consumer is educated in debt collection matters and knows his or her rights. Therefore, he or she is not a good candidate to continue to pursue with or without court action.
Debt collectors can threaten a lawsuit. Collection attorney’s letterheads can be very scary, but people that take the time to educate themselves properly can motivate agencies and attorneys to focus their energies elsewhere. It’s all about the documentation. The consumer needs to respond, in writing, to the collection people so everything is done legally and in a proper manner.
Next…discover the tricks and tips to reduce credit card debt…go here. http://www.waynet-reviews.com
About the Author
http://www.waynet-reviews.com
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
Britain’s got big bills to pay, but is looking to a century-old solution when times were even tougher. Never-ending loans to cover the cost of the First World War are still being repaid today, but the Treasury Chief is planning more. And that means a financial headache for tomorrow’s children, as Ivor Bennett reports. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
Find More Debt Articles
Article by Peter J. Wilson
Debt management helps in managing debt. It is the most sensible way to live without debt. None of us ever plan to get into debt, but the only way to avoid it is to learn proper debt management skills.
Start by making an expense list. You then have the option of sticking to that budget, getting credit counseling from a good firm, getting debt consolidation, or declaring bankruptcy. The amount of your debt, your level of self-discipline, and your potential income can help you decide what is best.
The first step is to contact your creditors, explain your circumstances and try to arrange a repayment arrangement that is acceptable to both of you. However, the problems start when your debt goes to a debt collector. They collect, do not like negotiating, and any dealings with them can prove to be very nasty. You are better dealing with your creditors immediately as some will be glad to lower your payments or even stop them for a short while. Others your loan’s time period and lower your monthly repayments.
If you prefer to get advice about negotiating with creditors then you need to find a reputable credit-counseling firm. They can work out a consolidation plan that takes into consideration your personal situation that reduces your monthly payments. Also they can negotiate with your creditors to get a more reasonable payment plan and lower your interest. However, you will have to pay a fee for these services.
The other option is to consolidate your debts into one big loan. However, this way relies heavily on your ability to work within a tight budget and the amount of self-discipline you possess. This is the cheapest form of debt management in a sense.
Debt management through reputable companies can be free-ish. They can help with debt management skills that eventually will help you eliminate your debts. However, each company has different methods and it is your choice as to which works best for you.
The term ‘free’ gives with debt management firms means that every penny you put towards your debts goes toward your debts and not any administrative, deposit or set-up charges. All the advice and services you need can be done via phone, email or mail. Of course there are varied options that are open to you. If your debt and financial circumstances are very serious, using a debt management firm, which takes a direct approach, can be helpful. A debt payment plan is created whereby you are obligated to make monthly deposits in a trust type account. The firm will also handle negotiations with creditors to reduce monthly payments and interest rates.
The final option is the non-profit counseling services. They are charitable organizations that analyze your personal circumstances, create a workable budget, and give you free credit counseling, but they don’t negotiate any terms with creditors. However, whichever service you choose, you can only benefit if you follow their advice and change how you spend your money.
About the Author
Being especially interested in assets and money management, Peter J. Wilson has been writing numerous publications on this specific subject. His publications on assets and managing credit card debt are found on his web publications.
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
Related Debt Articles
Article by matthiw coach
Consumers ought to not believe every thing they hear about credit card debt settlements, of which, have lately been under attack. Even though a few poor apples can give virtually any business a poor representation, it isn’t typically the truth.
Whilst some from the poor apples of personal debt relief firms could be frauds, the majority of the organizations honestly attempt to sincerely assist their clients remove their unguaranteed consumer debt. The rest of this article will present you the falsities and the truth within the unsecured debt relief industry.
Upon obtaining a credit debt settlement program, your credit card is going to be effected in a negative manner. Nevertheless, it isn’t as bad as reaching personal bankruptcy, which takes a many more years to recover from. If a unsecured debt reduction firm informs you they could eradicate your unsecured debt that’s unguaranteed and it won’t effect the score they are certainly not telling the truth. Consequently you have to look in other places for a more honest firm, as they may well lie to you once again in the future.
Even though each situation is diverse, regular consumer debt settlements can eliminate 60% of the personal debt. Even though it can vary, it depends about the general status on your accounts and how great a debt settlement company is good at reaching negotiating with your creditors. You have to get a trustworthy and productive organization, and you have to know exactly where to look.
If you’re one of those in credit debt and want to get out of it, I can inform you a necessity of discovering the correct company. In no way just go straight to any debt relief organization, but very first go via a credit card debt alleviation network that’s connected with various debt firms which are reputable. To be a component of this network, they should demonstrate a great track record of getting rid of consumer debt for their clients, and they should pass an ethical standards test. Going via a credit debt relief network for example this will guarantee that you identify the most trustworthy and hard-working personal debt relief settlement
firm.
To locate reputable debt settlement companies and get a Free Personal Debt Relief Review take a look at the following link:Free Debt Advice
About the Author
DebtBankrupt.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.
http://www.DebtBankrupt.com
Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.
www.euronews.com Some news from Cyprus, which sounds uncannily like news from Greece: the country does not have access to the international capital markets and economic reforms are going at a snail’s pace. Cypriot banks are drowning in greek junk bonds. That’s why they need a muti-billion euro lifeline now too… More new faces are showing up at the soup kitchen in the southern Cypriot city of Limassol, entire families asking the orthodox church for a free meal. The church is warning that some radical new changes are afoot. Cyprus needs a bailout. The communist ruled EU-member is cash-strapped. Unemployment is on the rise and the economic outlook is gloomy. Fifty-seven year old Costas is looking for a job. Nothing special: just something, anything. But instead of blaming the lack of competitiveness of the Cypriot economy, banks for their investment choices, or even the politicians for not having reformed the island’s economy in time, he blames the EU’s free labour market. Costas Panayi, unemployed, Limassol “In Cyprus there is a big problem now. Iit is getting worse, because more people come here to eat. They do not have food…300 people and families… and there are no jobs in Cyprus, because of the Europeans that came from Romania, Bulgaria, all over the place – and they take the jobs of the Cypriots.” But the problem also lies elsewhere: Cyprus suffers from it’s close links to crisis-shaken Greece. Just nearby the church’s soup kitchen, Cypriots and tourists mingle …
Find More Debt Articles