Great Information On Loan Modification
Loan Modification Explained - Good Information from Tom Eichas on Vimeo.
Great Information On Loan Modification
June 15th, 2009Misinformation About Debt Management
May 26th, 2009There is a lot of misinformation about Debt Management, Debt Consolidation or a Debt Consolidation Loan not being a good option (or even a scam) for anyone. Like anything in life (any service) there are going to be people who operate legitimate businesses properly and other people who don’t. Any one of those services have benefits and disadvantages but it is unfortunate when individuals paint an entire industry as being a “SCAM”.
So it leaves some questions as to what their motivations might be. Well Suze Orman and Dave Ramsey are both very outspoken against any of these services. They claim that its unnecessary for a consumer to work with a debt management company. Ameircans can simply handle the whole process on their own. If they need help in knowing what the steps are in handling it on your own, well they both have dozens of books for sale helping explain the process.
Hmm. Well why not just give people the plan on the DIY guide to clearing up your debts for free on your website. It’s a little difficult to believe that they’re motivated more by their belief that Debt Management or Debt Settlement (Debt Negotiation) isn’t a good option then just wanting to sell their books.
The reality is that some people can handle their debt problems on their own. Not everyone is suited for one of these plans. If you have $6,000 in credit card debt, you could probably in six hours figure out the best way for you to reduce your debt and interest payments on your own. (WE WILL BE PROVIDING A DIY GUIDE TO DEBT REDUCTION SOON…. FOR FREE)
If you have $20,000 in debt owed to various companies with varying interest rates and your late on payments and , well you get the picture. A $50 book telling you things that are obvious (DON’T SPEND MORE THAN YOU EARN, CREATE A BUDGET) isn’t going to end your debt problems any quicker than you going to sleep each night hoping the problems will go away on their own.
Here’s some video clips from Dave Ramsey and Suze Orman.
Welcome To Debt Management 2.0
May 26th, 2009Here we’ll explain all of the differences between debt management, debt settlement and any of the other options available to US consumers who have serious debt problems. There are many differences between all of these services. In fact just because you have debt doesn’t mean you are a good candidate for one of these services. We will be posting great information that will help you decide on your own if Debt Management, Debt Settlement or a Debt Consolidation Loan is right for you.
Each service will have its own section within this blog. There you’ll be able to find factual information about each service. We’ll also be posting video resources and interviews with leading debt service professionals. If you have any questions post them in the “Debt Questions” section and we will do our best to answer them.