debt

This tag is associated with 4 posts

How I Ended Up In Debt

By ⋅ April 16, 2013 ⋅ One comment

I’m in a lot of debt these days and I have even contacted a debt management agency to help me out if it. But how did it all come to that?

Three years ago I was a successful business owner running my own little shop. But things started to go wrong and the company went into bankrupt. I lost my source of income and due to personal liabilities also had to pay off some of the company’s debts. That all thing ruined my name and I couldn’t find a new job easily. I wasn’t going to accept low paying jobs … Read the rest

A Quick Guide For If The Debt Collector Calls

By ⋅ January 22, 2013 ⋅ Post a comment

For many reasons people find themselves in the firing line of a debt recovery company. This can be a worrying time and you might feel that you cannot get your head above water and do not know where to turn. If a debt recovery contacts you, they should state who they are, who they are working on behalf of and why they are contacting you. They should speak to you in terms you understand and not try to barrage you with legal speak and confusing terms. A debt collector can only enter your home if you invite them to do … Read the rest

Bankruptcy Versus Debt Settlement

By ⋅ October 15, 2012 ⋅ Post a comment

There are various methods to eliminate credit card debt. Some of the most common solutions are settlement and bankruptcy. Each solution has some pros and cons. In the end, the best option in eliminating your credit card debt could be your financial stability in other parts of your life. In case your credit card debt is only one part of a bigger financial problem, bankruptcy might be the more sensible choice over a credit card debt settlement. However, bankruptcy and debt settlement will both have negative impact on your credit scores until you can re-establish a good credit history.

What … Read the rest

Bad Credit Loans: Debt Consolidation Loan

By ⋅ August 3, 2012 ⋅ One comment

Many people have been faced with economic downturns that lead to the inability to pay debts. In the recent past, people used to just sit there and watch as they become bankrupt. However, there is a solution to this problem. Nowadays, most people who are unable to pay their debts turn to debt consolidation loans. This type of loan is very useful and convenient since the interest rate paid is less. You can get this type of loan at Loans.net. Some people take this loan as an option when they would like to manage their bills. People are advised to … Read the rest

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