November, 2009:


In terms of long term benefit there is very little you can do to improve your finances that is more important than eliminating unsecured debt, particularly credit card debt.┬áMost secured debts carry low interest rates and aren’t a problem unless the amounts financed were too high to begin with. The reasoning behind the above is … Continue reading

Should you Settle your Debt Yourself

You can settle your debt yourself. Whether you should do so or not depends on what is most important to you. Settling your debt yourself takes an investment of your time. It requires you to put in some effort into organizing your finances (and records). It also requires a bit of a thick skin. Debt … Continue reading

Debt Settlement Pros and Cons

Debt settlement is for people who are unable to make the minimum monthly payments on their debts and cannot afford the required payment for credit counseling programs. People who experienced a long-term loss of income for any reason are good candidates for debt settlement. Debt settlement, particularly if you do it yourself, is very flexible … Continue reading

What is Debt Management?

Debt Management is an approach to debt relief offered by credit counseling services across the country. It is often referred to as credit counseling and also referred to as credit card consolidation. Debt management is the preferred approach for those who need to lower their monthly payments by a relatively small amount or who want … Continue reading

What is Debt Settlement?

Debt settlement, also called debt negotiation, is a method of debt management in which an agreement is made with a creditor to accept some amount less than the full balance as payment in full on a debt. Debt settlement is useful for eliminating unsecured debt. Unsecured debt is a debt that is not tied to … Continue reading

What is a Money Mess?

A money mess is any circumstance where someone is insolvent or is not financially viable. To ensure everyone is on the same page, I’m going to expand and clarify that definition quite a bit. If you want to straighten out a money mess, you have to have a complete understanding of what it is. Let’s … Continue reading