Debt Free Citizen

Posted on Monday, 8th November 2010 by Gregory T

How do you manage debt when the only steady thing in your life is, well, your debt?

It’s a question many Americans are asking themselves this season. Just when we’re gearing up to buy all the trimmings for a Thanksgiving dinner and Christmas gifts for friends and family, our employers are cutting our hours and paychecks. If you’ve been able to scrape enough money together to make the minimum payment on your bills – but nothing more – the rest of the year, the holiday season threatens to finally derail your finances. But there’s still time to fight back, say Chicago bankruptcy lawyers.

You might not be able to change your income or obligations, but you do have some control over your payment size.

Learn more…

Tags: Debt, Debt Doesnt
Comments (0)

Posted on Saturday, 6th November 2010 by Amelia M

“Debt Settlement Produces More Welfare than Credit Counseling” – Franklin Debt Relief to FTCA new report submitted by Franklin Debt Relief’s CEO, Robert Zangrilli, to the FTC shows that debt settlement benefits consumers more than credit counseling, and in fact, consumers who use credit counseling lose more money in non-refundable payments than they save based on industry statistics. This fi Learn more…

Tags: Counseling, Credit Counseling, Debt Settlement Produces, Settlement Produces
Comments (0)

Posted on Saturday, 6th November 2010 by Nicholas P

Debt management program solutions can provide longer term benefits to one and all in just about no time. A typical debt management program will aim at providing ample liquidity to one and all in just about no time at all. It will help debtors in placing check on their credit instruments in a logical manner. Most debt management program solutions can provide longer term solutions to the debtors in no time. While trying to gain from debt management program solutions one should ideally get in touch with financial advisories, debt agencies and other authorized agencies in a seamless manner.

Based upon a debtor’s risk factors and other parameters, debt management program will provide custom quotes in a streamlined manner. O

Learn more…

Tags: Benefits, Longer Term, Longer Term Benefits, Term Benefits
Comments (0)

Posted on Wednesday, 3rd November 2010 by Gregory T

Learn more…

Tags: Estate Recovered, Recovered
Comments (0)

Posted on Monday, 1st November 2010 by Nicholas P

Being in debt means you have opened many credit lines and unable to repay those on time itself will hurt your credit score. As you are unable to pay the agreed amount on time, your creditors could report to credit bureau about your payments style. Hence it is very important to take care off the payments reach on time other wise it will hurt your credit score.

The most important thing that one must recognize is that you are facing problem in repaying the debt well before you start missing payments and find a solution to the problem.

I often encounter with a question “will debt management program hurt my credit score?” for this reason I thought of discussing in this article.

Before I start answering this I would like you to look into few things? Hav

Learn more…

Tags: Credit, Credit Rating
Comments (0)

Posted on Wednesday, 27th October 2010 by Gregory T

Chapter 7 of the Title 11 of the United States Code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws of the United States. (In contrast, Chapters 11 and 13 govern the process of reorganization of a debtor in bankruptcy.) Chapter 7 is the most common form of bankruptcy in the United States.

For individuals:

Individuals who reside, have a place of business, or own property in the United States may file for bankruptcy in a federal court under Chapter 7 (“straight bankruptcy”, or liquidation).Chapter 7, as with other bankruptcy chapters, is not available to individuals who have had bankruptcy cases dismissed within the prior 180 days under specified circumstances.

In a Chapter 7 bankruptcy, the individual is allowed to keep certain exempt property.

Learn more…

Tags: Governs, Governs Liquidation
Comments (0)

Posted on Sunday, 24th October 2010 by Nicholas P

It is quite common to encounter debt settlement company advertising that makes remarkable claims regarding the debt relief results that it can achieve. In truth, their clients benefit from negotiations that the debt settlement companies typically claim to reach up to 70%. If these are actual results that are typical of what consumers can expect, you may be wondering why anyone with an unsecured debt problem, such as from high interest credit cards and personal or “signature” loans, would be interested in looking elsewhere for a solution. The solution lies in understanding some of the other aspects of debt settlement that aren’t discussed in the advertising, the details of which tend to cast an entirely different light on the subject. Learn more…

Tags: Debt Settlement, Settlement
Comments (0)