My Online Debt Solutions

Don’t pay off your credit card and unsecured debt just yet! Look into debt settlement companies! There are so many people in debt today and debt settlement companies are becoming more popular than ever! These creditors are willing to settle for less than you owe to avoid having you default on the complete amount!!

With all of these individuals in delinquent status, companies such as medical institutions, banks, and lenders all just want SOME sort of money so avoid losing the full amount! This is your opportunity!!! However, BE CAREFUL when choosing the correct debt settlement program because lots of them charge upfront fees. Financial Consulting Services has NO upfront fees and will give you a FREE debt settlement consultation! Fore more information, visit their website: Financial Consulting Services. They have debt consultants waiting for your call!! 1-877-386-3603

The Simple Plan

Do not pay upfront fees! Seriously, do not pay any fees upfront for debt relief services if you are not 100% certain that they will follow through on their promises to get you out of debt. If the contract terms are shady, if they promise you pennies on the dollar, or if they require that you pay before anything is signed, run for the hills. Debt relief services should not come with outrageous fees that you pay up front before any action has been taken. It’s that simple.

That’s why we’ve named our new program The Simple Plan. It’s a brand new program the charges no upfront fees for debt settlement. Inspired by this rough economy and our desire to simply help people out of debt, we offer superb debt settlement services without charging upfront fees.

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Record Breaking Bankruptcy Numbers Accompany Economic Growth

Is the economy turning around? Well, we’ve heard all the experts say that it’s finally on the right track, but what does that really mean to American consumers struggling with credit card debt and facing a 10% unemployment rate?

Strictly looking at the numbers, it does seem like some things are getting better, while some, like the job market, are continuing to struggle. According to Time, consumer spending went up 6.6% over the summer, and Gross Domestic Product grew 7.2%. These are amazing numbers, taken completely alone. However, American’s lost over 165,000 jobs during that same time and the unemployment rate isn’t improving.

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Read an interesting article today about the greedy, fraudulent companies out there just preying on the middle-class. It was a great article, until it got to the parts about debt settlement companies. Even though it is a topic discussed again and again, it never seems to settle. Once again, there are thousands of fraudulent debt settlement companies out there. We hear about them every single day, and how consumers paid hundreds and thousands of dollars in monthly fees while the debt settlement companies would literally sit on the money and not work to get them out of debt. But, and I say it again, not all debt settlement companies are like that.

ACCORD, the American Coalition of Companies Organized to Reduce Debt, is an organization that, much like USOBA, United States Organizations for Bankruptcy Alternatives, has set extremely strict guidelines in regards to debt settlement company membership. Any company that wishes to enroll and become credited by ACCORD must adhere to certain policies that truly make it impossible for the company to be fraudulent in any way. Continue Reading

“First, credit card companies took advantage of stagnant wages to push credit cards way beyond what working families could sustain. Today, credit card companies are cutting back consumer credit and raising fees to save themselves from financial ruin. The economic crisis whose recovery requires more spending on goods and services (that provide jobs) is thus worsened by credit card companies whose actions reduce spending. Meanwhile, real wages are not rising to once again relieve workers of the need to borrow. So unemployment worsens, foreclosures grow, and the underlying causes of the economic crisis go unattended.” (Richard Wolff, professor emeritus of economics at the University of Massachusetts, Amherst)

I came across this quote this morning and thought that it sums up perfectly the American Consumer’s situation, how we got here, why we got here, and how we’re going to get out of this financial mess. Credit card debt has always been the root of the problem, along with fraudulent companies lending thousands to consumers who shouldn’t have qualified in the first place. Credit card debt has gotten us to where we are, and, unfortunately, it is the spending on ‘goods and services’ that will get us out of this mess, spending that consumers are still not able to do.

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Debt Settlement Companies – Fraudulent Practices Getting Spanked in Illinois

Chicago has seen its share of disappointments in the past few days, with losing the Olympic bid and with the recent needless murder of a young man in the streets. Things have been rough for the Windy City, but at least someone is stepping up and making some changes.

The debt settlement industry has always been scrutinized for not upholding promises made to consumers who are already struggling. They have always been harassed by the Federal Trade Commission for taking advantage of those in financial strain. And for good reason. Many of these companies are extremely shady and want nothing more than to take your money and run. It seems to be common theme among debt settlement companies.

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Some new credit card numbers have been released from Credit Karma this month, reviewing the past few months of consumer credit debt history. Good news! We are slowly getting gout of debt!

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While the Credit Card Act 2009 was supposed to help consumers, many in Arizona are still feeling the pinch of greedy creditors. A disturbing account of credit card activities is chronicled today in the Arizona Republic, telling the stories of many Arizona credit card holders who are not feeling any positive effects from the Credit Card Act. In fact, their situations are actually getting worse.

Hit by fallout from the recession, housing slump and rising unemployment, many institutions have scaled back lending. Last week, the American Bankers Association reported record-high delinquencies in three consumer areas: home-equity loans, equity lines of credit and credit cards.(AZ Republic)

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Driving home the other day I noticed a billboard that made me laugh out loud. It read Recession 101: Interesting thing about recessions, they end. I thought it was a pretty clever way to get the attention of drivers who probably sit in traffic every day at the same time just to be able to afford to put food on the table. Things are rough right now, and we all can feel it. That’s why it’s important to save money when and where you can. If you want to avoid bankruptcy and all the debt that comes along with overspending your credit limit, start thinking about how to save.

It’s not as difficult as you might think. Saving money can be done, it’s just something that we’ve seemed to have forgotten over the years as we were gambling the stock market and buying new cars. Things are different now, and it’s time to teach our families, and possible re-teach ourselves, how to be financially responsible no matter what the economy looks like or how much you are making. Continue Reading

While the economy was taking a tumble, and housing sales were plummeting to all time lows, consumers were struggling to make their credit card payments, in most cases choosing not to pay at all in order to keep food on the table or save their home from foreclosure. During the first quarter of this past year, credit card delinquencies were up to record-breaking levels.

Although people are still struggling, the good news in all of this economic mess is that consumers are starting to take back control. Like the tortoise and the hair, many credit card holders are learning the importance of making payments and regaining some financial dignity. Even as the economy slugs along, the most recent credit card delinquency numbers are showing a slight improvement.

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