Debt Education
Debt settlement: Will it work for me?
In a Nutshell Debt settlement is a process that allows you to pay a monthly lump sum that is usually less than the amount you owe to resolve, or “settle,” your debt. It is a service often provided by third-party companies that claim to reduce your debt by negotiating a settlement with your creditor. Paying…
Leer másStopping Debt Harassment: Dealing with Unwanted Phone Calls
Debt collection laws are designed to protect consumers from unfair practices and harassment by debt collectors. The Fair Debt Collection Practices Act (FDCPA) is a federal law that regulates these activities. Under the FDCPA, collectors are prohibited from using abusive language, contacting consumers at inconvenient times or locations, and making false or misleading statements. The…
Leer másConsumer Rights in Debt Collection
Consumer protection laws are in place to ensure fair treatment in debt collection. When dealing with debt collectors, knowing your rights can empower you. In fact, this knowledge helps you navigate interactions more effectively and assert your protections. In this post, we will outline your essential rights and explain how to address any violations you…
Leer másMaster Your Debt: Start Negotiating Today
Negotiating Your Debt Negotiating your debt can be stressful, but it is a powerful tool that leads to manageable solutions. This post provides practical tips to help you negotiate your debts and regain control of your finances. Why Negotiate Your Debt? First, negotiating can lower your monthly payments, reduce your total debt, or even allow…
Leer másHow to Combat Debt Harassment
Facing debt harassment can be incredibly stressful and disheartening. If you’re receiving constant calls or aggressive messages from debt collectors, it’s important to know that you have rights and options. In this post, we’ll explore practical strategies to combat debt harassment and protect yourself. Recognizing Debt Harassment Debt harassment occurs when collectors use aggressive tactics…
Leer másDebt Harassment Letter: How to Stop the Calls and Letters
Debt collection is a process whereby creditors or third-party agencies attempt to recover outstanding debts from individuals or businesses. When debtors fail to make timely payments, creditors may enlist the services of debt collection agencies to pursue the owed amounts. These agencies are tasked with contacting debtors and negotiating payment arrangements on the creditor’s behalf.…
Leer másDealing with Inflation as a Small Business
Inflation is a never-ending battle for small businesses. Despite a low unemployment rate and increasing stock prices, the prices of goods and services continue to rise, putting a strain on profits. The best way to deal with inflation is to be proactive, understand how it affects your business, and make changes to keep your expenses…
Leer másWhat You Should Know About Car Loans
Whether brand new or pre-owned, buying a car is a significant financial decision. This valuable possession will help you go to work and move around hassle-free. If you do not have adequate funds to pay cash, you can consider taking an auto loan to complete the purchase. Researching car loans is as important as looking…
Leer másBuilding Credit and Stopping Creditors
Building good credit takes time and effort, but getting there is possible if you know what to do. Several factors determine your credit score, including how long you’ve been paying debts on time. Credit scores range from 350 to 850, with higher scores indicating better credit. The most crucial step is to be financially savvy,…
Leer más8 Ways to Save on Groceries
With groceries, it’s easy to get caught up in saving pennies. After all, a dollar spent is a dollar earned, right? When you consider that grocery bills can take up an average of 17% of your household budget, according to the USDA, that one dollar you thought you saved could be costing you much more. It’s…
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