Debt Settlement Articles - Debtmerica Relief

Financial Resolutions for 2009

 “Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age.  Homes have been lost; jobs shed; businesses shuttered.”  Those words echoed across the nation, as President Obama delivered his inaugural speech on January 20th, 2009.  Many believe that the worst is yet to come.  In order to survive this rough economic time we must all take control and be aware of our spending habits; we must devise a plan to tackle any current debts; and we must prepare ourselves and save money. 

Buyer be Aware

The days of not balancing your checkbook and not taking into account every penny that goes in and out of your bank accounts are over.  The unemployment rate is now at 7.2% and 2.6 million jobs were lost in 2008, so every single penny counts!  Be aware of what you are spending your money on, make a list and take out things that are not considered “necessities”.   Prioritizing and making sure that your money is not spent on needless things is the key to reducing your monthly expenses and credit card debt. According to bankrate.com, below are the top 10 things that Americans waste money on: 

1) Coffee- Most people spend about $4.00 a visit at Starbucks.  If you’re visiting Starbuck’s every morning that equates to $20.00 per week on coffee.  That’s approximately $80.00 per month and $960.00 a year spent on just coffee.   

2) Cigarettes-According to tobaccofreekids.org, the average price for a pack of cigarettes in the United States is $4.54.  If you smoke a pack a day, you’re a spending $1600 a year on cigarettes. Cutting down on smoking, not only is better for your pocketbook but will also be better for your health!

3) Alcohol-Going out to the bar or club during the weekend can add up.  With, drink prices as high as $10.00; you are spending about $50-$100 a night on alcohol.  The rounds of drinks you buy can add up, not to mention, having to tip your bartender. Doing this every weekend will equate to about $1200 spent each year on alcohol and a hangover you are sure to have the next morning. 

4) Bottled Water-A bottle of Aquafina (20 oz.) can cost you about $1.00. If you’re buying a bottle a day, that’s about $365.00 a year spent on something that you can practically get for FREE.  This is something simple that you can cut back on, why spend the extra cash if you don’t have to. 

5) Manicures-Manicures and pedicures can cost anywhere between $30 and $50.  Going to the nail salon about twice a month will cost you approximately $100. Limit your visit to the nail salons for only special occasions.  Even cutting your visit to one time a month can save you $600 a year.

6) Car Washes-If you just want a standard wash and dry service, a car wash can cost you about $20 a visit.  If you’re washing your car every week that’s about $100.00 a month spent on something you can do yourself at home. 

7) Weekday Lunches out-Most people spend about $9.00 a day to eat lunch during the week.  That comes out to about $2300 spent each year on lunch food.  Take the extra time each night to pack yourself a lunch.  Just spending a little time doing this, can save you a lot of money in the long run.

8) Vending Machine Snacks-Snacks sold at the vending machines usually cost about $.75-$1 and will sometimes require more than one bag to satisfy that craving appetite.  Take the time out to buy snacks at the grocery store and bring it with you to work so that you’re not tempted to visit that machine every day.  Remember, every little bit counts!

9) Interest Charges on Credit Cards-According to indexcreditcards.com the average consumer credit card rate is 14.03%.  Typically, minimum payments are calculated to only pay 1%-3% of your balance.  So, if you have a card that has a balance of $5000 and you are only making the minimum payments of 2% of your balance, it will take you about 22 years to pay off the debt.    So, try to make more than just the minimum payments and get those cards paid off!

10) Unused Membership-Gym memberships can cost about $30 - $40 a month.  If you are not using your gym membership, you are flushing about $480 a year down the toilet.  Check with your gym, and see if they can place you on a “pay per visit” plan, where you can pay each time you come to their gym.  Or, check with the area you live in, some apartment complexes have onsite gyms their residents may use free of charge. 

Tackle Current Debts

There are many Americans that are drowning in credit card debt.  According to the Credit Research Center at Georgetown University, the average credit card debt client looking for help from a counselor had $43,000 in debt.  Of the $43,000, $20,000 was consumer debt and $8,500 was revolving debt.  Paying just the minimum payment every month is not enough to tackle those debts.  But, what type of non-bankruptcy solution, do people have now that equity has been sucked out of their homes and debt consolidation is no longer an option?

Debt Settlement provides a way for consumers to pay down and reduce their debt without having to resort to bankruptcy.  Debtmerica, a debt settlement company, offers a debt reduction program that will reduce debt at an average of 40-60%.  This differs from Credit Counseling programs where only interest rates are reduced.  Debtmerica’s aggressive approach and program will reduce interest rates, reduce debts, and will enable debtors to get out of their financial rut in about 12-36 months.  With this option, consumers are given a second chance without having to go through the grueling process of filing for bankruptcy. 

Save Money for a Rainy Day

After budgeting yourself and devising a plan to tackle your current debts, you may find yourself with some extra cash and credit each month.  Remember, DO NOT spend your extra cash you have at the local bar!  You should save some money for a rainy day.  Set a fixed amount each month that will be set aside for savings and put it into an account you rarely check.  That way, you forget that the money is even there.  A person should have at least a 3-6 month cushion saved up just in case of a loss of job or huge financial strain.  In today’s economy, your financial situation can change fairly quickly and you must prepare yourself for any possible scenario.

 

Debt Settlement Program: Reducing Debt

Become debt-free in as little as 12 - 36 months. If eliminating your debt sounds virtually impossible, your assumption is incorrect. At Debtmerica Relief, we offer a unique debt settlement program that offers consumers the opportunity to settle their debts and save money while doing so. We customize a debt consolidation program for each of our clients and set up one low monthly payment that fits with in their budget. This payment is frequently as low as half of the current payments. Our debt negotiation services will handle all of the work, while you only have to set aside the affordable monthly payment into our program. Our solution makes it a priority to minimize creditor calls, which allows you to begin focusing on what is truly important - financial freedom and the life you want.

Debt Negotiation Services: Future Options

Discover the beauty of financial freedom by enrolling in our hassle-free program. After our debt settlement program, if interested, consumers are able to repair their credit. Many make the decision to purchase a home or an automobile. At Debtmerica Relief, we proudly will assist you with contacting our affiliates that can best help you. This is another perk to our debt negotiation services.

To learn more about consumer options to getting out of debt including consumer credit counseling, debt consolidation, filing for bankruptcy, and doing nothing, please continue to browse through our detailed website. If you wish to learn more about debt prevention, management, and our debt reduction program, continue to read our comprehensive collection of informative articles written with our clients in mind. Contact us today at 1-800-470-8155 for a free, no obligation consultation.

 

Credit Card Debt Consolidation

Do you dream of financial freedom? By selecting a credit card debt consolidation program, you can get closer to this freedom. However, it takes careful planning, discipline, and follow through to achieve your goal. By taking out a single, lower-interest loan, you can pay off some or all of your creditors. Concentrating on one monthly payment with a lower interest rate can help you pay off what you owe much more quickly.

While there are numerous loans out there, Debtmerica Relief feels that its “Debt Resolution Program” provides a better, more complete solution. Consumers simply have to fill out our online form, submit their information, and one of our qualified debt consultants will call them back, following-up on their inquiry. We will then discuss with our each of our clients the benefits and qualification process of our programs. Our qualified debt consultants will propose an affordable payment that will fit within your budget.

Debt Consolidation Loans Are Not the Only Option.

Our program is designed to help you get out of debt from unsecured enrolled debt. At the end of your program and upon graduation, you will be debt-free from enrolled debt and able to consider big decisions like a home refinance or new home purchase because of your new, better financial position. By offering top debt settlement services to those who qualify, we help consumers get out of owing money.  To learn more about our services, please continue browsing through our website or continue reading our comprehensive collection of informative articles. Call us toll-free at 1-800-470-8155 for a free, no cost, and no obligation consultation.

   

Credit Card Debt Settlement Program

There are thousands of people across the United States who are drowning in debt. From credit card debt settlement options to filing bankruptcy, they are looking for ways to successfully get out of debt quickly. At Debtmerica Relief, we proudly offer consumers an opportunity to pay the money they owe through our programs.

Besides enrolling in our Debt Resolution Program, there are numerous helpful tips that can help you get out of debt and stay out.

Here are our top tips:
Create a realistic monthly budget for expenses, track your money, and stick to it
Use direct deposit for paychecks and learn to pay in cash and not on credit cards
Pay off balance with the highest interest rate first
Be a savvy shopper - look for deals, bargains, shop around, and use coupons

Debt Settlement Services and Options

As mentioned above, Debtmerica Relief offers consumers an exciting opportunity to pay off the money they owe. Our debt resolution services do not include consumer credit counseling, filing for bankruptcy, or a standard debt consolidation loan. Instead, Debtmerica Relief provides a unique opportunity that could cut the money you owe by around 40 - 60 percent. In addition, as one of the most effective and fastest debt resolution services, you could get out of debt in about 12 - 30 months.

At Debtmerica Relief, most of our clients have experienced a profound increase in their financial well being upon graduation. Many have discovered the luxury of buying a home after finishing our program. Our quick and easy solution is a great way to pay off the money you owe without the typical hassle and worry. To learn more about our credit card debt resolution program, settlement options or more, please continue browsing through our website or reading our comprehensive collection of articles. Please contact us today at 1-800-470-8155 for a free, no obligation quote.

 

Consumer Credit Counseling Services

Providing consumers with well-researched and accurate information regarding the bankruptcy alternative options to become debt-free is our goal. Many people in debt believe that filing for bankruptcy or enrolling in consumer credit counseling are their only options. However, these debt consolidation programs are not always the best choice for everyone.

At Debtmerica Relief, we offer a new type of way to get out of debt. Card cards settlements can be fixed properly by selecting our Debt Resolution Program. This unique program is a save, fast, and effective way to eliminate your debt at a fraction of the cost. The program will attempt to negotiate the money you owe by reducing the amount between 40 to 60 percent and it enables you to be debt-free from enrolled debt in as little as 12-30 months*. While consumer credit card counseling services can take 6 years or longer to complete. In addition, you are paying all of the money you owe back plus interest.

End Debt, Credit Cards Settlements

Consumers everywhere are looking for a why to reduce their overall debt and find stable financial ground. If you are drowning in debt, credit cards settlements may not be the best choice. By selecting traditional means of getting out of debt (bankruptcy or CCC), it will take you years to get your head above water.

To learn more about the alternatives to consumer credit counseling, bankruptcy, or typical debt consolidation loans, please continue to browse through our website. To learn more about debt settlement services, prevention, and management, please continue reading our comprehensive collection of informative and detailed articles. To setup a fee, no obligation consultation, please call us toll-free at 1-800-470-8155.

   

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