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Debt Relief

This category contains 208 posts

British Families and Debt

There is current concern from the Bank of England that British families are getting deeper into debt, however, it has been said that lenders are putting themselves at risk because people are now more willing to make themselves bankrupt.
Despite people already having significant amounts of debt, credit card companies are still prepared to lend these [...]

What is Bankruptcy?

Personal bankruptcy is a legal way to give people with overwhelming debt a fresh financial start. However, it is important to realize that certain forms of debt, such as student loans, are not forgiven through the bankruptcy process. Bankruptcy can have a devastating impact to your credit report and credit score. Bankruptcy will often remain [...]

The Credit Card Debt Termination Scam

“Legally terminate credit card debt! You can be debt-free in 4-6 months!” Advertisements like this are for a new type of program that has spread via the Internet over the past few years. It’s called “Credit Card Debt Termination,” and victims are paying $1,000s for this bogus service. One victim I spoke with lost more [...]

Bankruptcy 101

Bankruptcy still remains a mystery in the eyes of many consumers. This article will review the facts of bankruptcy as per written law.
Some of the information in this article refers to a manual called "Bankruptcy Basics" published by the Administrative Office of the United States Courts and written by Leonidas Ralph Mecham, Director.
What, When and [...]

The 7 Secrets to Getting?and Staying?Out of Debt

As vice president of the American Credit Foundation, a nonprofit organization that helps individuals and families manage their debt, Mike Peterson knows firsthand how financial problems can wreak havoc in one’s life. Each day, counselors at the Midvale, Utah-based foundation help desperate clients dig themselves out from under piles of unpaid bills, stern notices from [...]

Bouncing Back from a CCJ

Should you be unfortunate enough to face a CCJ ? but subsequently succeed in having it either set aside or reversed – the court will automatically remove the entry from the Register of County Court Judgments.
The court must send notification of cancellation to the Registry Trust within three days of the date of the order. [...]

The Human Side – Debt Stress

In all the technical discussion you hear about credit card debt, the best ways to manage it and pay it off and all the rest, one thing goes largely ignored. Credit card debt is extremely stressful, and can have a very negative effect on your life, if you let it. It’s as bad as an [...]

Debt Consolidation and Personal Finances: Learn the Truth!

An inability to manage credit, growing debt and bankruptcy are all major problems today. On an average day, over 8,000 people file bankruptcy in the United States alone. The Internet is rife with companies that promise help and salvation; to the uninitiated, their words and assurances prey upon those wanting a painless solution.
The January post-holiday [...]

Five Major Ways to Save Money

There are two main roads to improving your personal finances: increasing income, and cutting costs.
Increasing income is the harder road to travel. After all, you can’t always get a raise or a new job when you need one.
But cutting costs, that’s a different story!
You’re in complete control in this area. And all it [...]

Selecting A Credit Counselor; Asking The Right Questions.

When you find yourself thinking about using a credit counseling service, you need to be verycareful. You need someone who will help you, not just some pushy sales associate who wantsonly to sign you up for their service.
You are about to place your financial life in someone else’s hands. Make sure you have theanswers to [...]