Posts tagged as:

creditors

Thumbnail image for Popular Debt Settlement Myth #2 Exposed

Popular Debt Settlement Myth #2 Exposed

May 17, 2010

If you are considering debt settlement to resolve your credit card debts, I strongly urge you to do your own research and be as informed as possible before deciding to move forward. Regular readers of the DIY Debt blog know how little I think of the majority of debt settlement companies out there and that [...]

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Why Do Creditors File Lawsuits?

May 11, 2010

If you are struggling to repay your credit card debt, you are certainly not alone. You probably have friends, family members or co-workers who are in the same boat. As soon as you fall behind on your payments, you start receiving debt collection calls. For about the first six months or so, the debt collection [...]

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How To Avoid Wage Garnishment

May 7, 2010

If you are one of the many people struggling to pay back your debts, one of the things you’ve probably wondered about is the likelihood of having your wages garnished by your creditors. And if you’ve ever fallen behind on any of your credit card payments, you’ve certainly received debt collection calls from your original [...]

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What Happens If You Can’t Pay Your Creditors?

April 29, 2010

With the prolonged economic downturn that we find ourselves in, you should consider yourself lucky if you aren’t having any debt struggles. The fact is, millions of Americans are experiencing debt struggles in one form or another. If you are having financial difficulties and you are not able to pay your creditors as originally agreed, [...]

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4 Warning Signs When Looking For A Debt Settlement Company

April 20, 2010

If you have decided that debt settlement is the best strategy for your particular debt situation and you have decided to not handle your own negotiations, then you need to find a third party debt settlement company to work with. Given all of the scams and fraudulent companies operating in this industry these days, now [...]

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What Is A Debt Settlement “Program”?

April 14, 2010

Unless you have been out of the country for a few years or have been living under a rock, you have no doubt heard and seen countless number of advertisements for debt settlement companies. If you search the term “debt settlement program” in Google, you’ll get nearly 6 million results. One thing that most of [...]

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Thumbnail image for Popular Debt Settlement Myth Exposed

Popular Debt Settlement Myth Exposed

April 12, 2010

If you are considering debt settlement to resolve your credit card debts, I strongly urge you to do your own research and be as informed as possible before deciding to move forward. Regular readers of the DIY Debt blog know how little I think of the majority of debt settlement companies out there and that [...]

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Thumbnail image for Why Cease And Desist Letters Can Backfire On You

Why Cease And Desist Letters Can Backfire On You

April 8, 2010

Many consumers have already fallen behind on their minimum monthly debt payments and have started to receive debt collection phone calls when they finally seek help. Many third party debt settlement companies routinely take advantage of the consumer’s frustration and promise they will stop the phone calls. But the truth is they can’t. No one [...]

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Thumbnail image for Federal Trade Commission Warns Consumers About Debt Settlement Companies

Federal Trade Commission Warns Consumers About Debt Settlement Companies

April 7, 2010

For the past couple of years, the debt settlement industry has been closely watched by the Federal Trade Commission (FTC). Debt settlement companies attracted this attention because of the high volume of deceptive advertisement they’ve been targeting consumers with. It’s no secret that millions of Americans are struggling with high debt balances, and many debt [...]

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Thumbnail image for Struggling With Debt? Do Nothing

Struggling With Debt? Do Nothing

April 2, 2010

I fully expect that the title of this article will surprise some readers and may even offend some others. But believe it or not, there are some cases where doing nothing (at least in the short term) is the only solution if you are struggling with unsecured debt. Disclaimer Let me make something totally clear: [...]

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