Archive for the ‘Eliminate Debt’ Category

More Bad News for Debt Settlement

Posted on: October 29th, 2007 by Kenneth Long 4 Comments

This month, numerous debt settlement operations received restraining orders from the Federal Trade Commission. They cited The Debt Settlement Company, The Debt Elimination Center, Money Helps, Edge Solutions, and Pay Help, Inc. All of these companies marketed debt relief through the Debt Meltdown Program. These were operated by Miriam and Robert Lovinger.

This is not the first time the federal government has worked to shut down debt settlement companies that misrepresent the value of the services that they can provide. What is remarkable is that these failed programs are no different than most other debt settlement companies! (more…)

What is the Fair Debt Collection Practices Act?

Posted on: October 26th, 2007 by Kenneth Long No Comments

If you have ever fallen behind on your credit cards, you have probably received a few courtesy phone calls as a reminder to make your minimum payment. If you have found yourself a month or more behind, then you may have realized that it is time to seek credit counseling.

Once all of your credit card accounts are turned over to debt collectors, you have likely realized that the collection calls are less pleasant. Some debt collectors are downright rude. Would you believe that almost all debt collectors routinely violate federal law? (more…)

Debt Settlement Nightmare

Posted on: October 24th, 2007 by Kenneth Long No Comments

If you have experienced calls from debt collectors, you know how frustrating and embarrassing these calls can be. They come morning, afternoon and evening seven days a week. Not even Sunday is a day of rest for debt collectors.

Many debt collectors routinely will reveal information about your debt to employers, neighbors, relatives and family members. Their purpose is to embarrass you to the point that you will do anything to pay that debt off. (more…)

How to Eliminate Debt

Posted on: October 22nd, 2007 by Kenneth Long No Comments

One of the common questions that many of our readers ask is “how do I eliminate debt?” There are many ways to do this, but it all starts with your decision to follow through with a plan. You have to decide that eliminating debt is important enough to temporarily give up a few liberties.

The biggest step is to stop charging purchases on your credit cards. This may be a difficult transition, especially if you rely on credit cards to meet your monthly expenses. This is very important because it will quickly let you know if you can eliminate debt on your own or if you need to get help. (more…)

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