Entries by Debtmerica

Debt Elimination – Effective Money Management Techniques

Debt as a result of credit cards is the biggest financial concern for most households today. With the current state of the economy, many people who have never had financial difficulties are living from paycheck to paycheck. To become financially independent, debt elimination needs to be a priority. Most people feel overwhelmed and don’t know […]

Kentucky rate caps would end practices keeping some in debt

Kentucky community interest groups are supporting state legislation that would cap the interest rates payday lenders are currently charging. Jennifer Belisle, the deputy director of the Northern Kentucky Community Action, recently went on record in support of Governor Beshear’s recentsupport of new laws for 2010 capping rates at 36 percent, the Public News Service recently […]

Debt Settlement Programs

Is Debt Settlement Right For Me? There are so many different types of debt help available it is sometimes hard to know which one will be best for you. Debt settlement, also known as debt arbitration or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced […]

Debt Relief – How to Find Help

What is Debt Relief? Debt relief is defined as a partial or total forgiveness of debt. When the term is used by the government, it usually refers to the forgiveness of debt to underdeveloped countries. Recently, it has begun to refer to the millions of consumers who are overwhelmed with debt seeking financial relief from […]

Debt Management – Which Plan Is Right For You?

What Is Debt Management? A debt management plan is a strategy used to help make repayments on unsecured debt, more affordable. This usually requires a third party to negotiate new terms for repayment, including interest rates, fees associated with the account and monthly minimum required payments. There are many types of programs designed to assist […]

Credit Card Debt – How It Affects Quality Of Life

There are several options for consumers who are serious about reducing their credit card debts. If you have several cards, many experts recommend paying off those with the highest interest rates first. This may require strict budgeting to be able to muster the funds required to pay more than the monthly minimums. This isn’t always […]

Debt Consolidation – The Pros and Cons

How Does Debt Consolidation Work? Debt consolidation usually involves taking out a low interest loan at a fixed rate to reduce monthly payments. This often entails rolling many loan amounts into one. An asset is used as collateral for the new consolidated loan. The most commonly used asset is a home. This means that if […]

Bankruptcy – Is It Right For You?

Many people that find themselves in difficult financial circumstances may believe bankruptcy is the best way for them to regain control of their money. Despite the advertisements and websites offering to help consumers through the process, many people do not understand how it works and what the long-term ramifications are. It is not a decision […]

Credit Counseling

Credit counseling providers are frequently non-profit agencies that help consumers deal with issues related to overwhelming debt. Credit counselors review monthly payment requirements and the money that is available to make the payments. They advise individuals on the best way to manage these finances to help pay off debt faster. This often includes educating the […]