The Impact of Paying Only the Minimum Due on Your Credit Cards
February 16, 2011 by Jackson Beirne · Leave a Comment
This article discusses how paying only the minimum amount required on credit cards each month eventually can have an adverse effect on credit history.
While paying only the minimum payment due on your credit cards each month is an option allowed by credit card companies, it isn’t always your best financial move. While doing so will keep you in good standing with credit card companies and won’t necessarily harm your credit, this practice could have other more long-term implications. If possible, try to pay more than the minimum to help you get out of debt faster and reduce the amount of additional interest you end up paying.
Reducing Limits
During tough economic times, such as those experienced during the recession of 2008 and 2009, credit card companies may decide to cut back on the amount of credit they extend to new and existing customers.
How to stop harassing debt collection calls and letters
February 16, 2011 by Annabelle Rowan · Leave a Comment
When it comes to debt collector harassment, it seems the calls never stop coming. Collectors will call and send you letters anytime, harassing and threatening you until you are able to pay off you debt. This can be a very stressful period in your life and very difficult if you do not have the means of paying your creditors off. The best way to eliminate receiving harassing calls and notices is to hire a very experienced debt lawyer to get your finances back into good standing. They will review your financial status and make arrangements with your creditors to set up a payment plan for you to pay them back.
If you are serious about putting an end to debt collector harassment, it is important that you hand over all your creditors to your debt lawyer. When you hire your lawyer, he or she will contact your creditors to make some type of arrangements for you to pay them back.
Hollywood Video Debt Collection Scam
February 12, 2011 by Annabelle Rowan · Leave a Comment
During these tough economic times it is not uncommon for debt collection scam artists to hit the phones and attempt to collect money on expired or non existent debts. The latest debt collection scam seems to be spreading across the US referring to Hollywood Video, which filed for Chapter 11 bankruptcy protection in 2010. The debt collection scam begins with a phone call from a collection agency, telling the consumer that they have a unpaid debt in regards to their previous account with Hollywood Video.
More often than not the consumer will be persuaded to pay the bill at a “reduced” rate in order to avoid the debt going on their credit report. This is the heart of the debt collection scam, you may not be responsible for this debt and the collection agency isn’t legally in possession of your debt, if it even exists.
Knowing your consumer rights is the best defense against debt collection scams, if you are unsure of your rights your best bet is to contact a fair debt lawyer and examine your rights. As co
The Mortgage Assignment Program
February 11, 2011 by Alexandra Kerr · Leave a Comment
In just a few weeks I am releasing a program that teaches investors how I have created a hugely profitable mortgage assignment business and how they can do it too. I’m going to tell you all of the secrets to my success and give you all the tools, the scripts, the whole enchilada; this is by far the best mortgage assignment program out there, period.
Who am I? I’m not one to toot my own horn so here’s a professional bio that was written about me:
“Phill Grove has been called the most successful residential real estate investor in post-bubble America by dozens of today’s top guru’s. He has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill teaches h
Best Sources for Getting an Overnight Money Advance
February 11, 2011 by Jackson Beirne · Leave a Comment
In an era of tight credit and overall economic uncertainty, it’s become very difficult to get a simple loan or line of credit. But the best means of short-term, unsecured loan financing to emerge has been the online check cash advance .
This is the type of loan that basically means you borrow from yourself. You apply to a cash advance lender through an online application, providing information on your employment and where you do your banking. The lender assesses your ability to pay back on the loan based on your rate of pay. The loan is then electronically deposited by the next business morning. It’s entirely possibly to apply for this loan at 5 p.m. on a Wednesday afternoon and have the money available for use by Thursday morning.
Understanding the process removes any mysteries around how it is done. It’s basically a three-step process:
1.