My Online Debt Solutions

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

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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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

Cash for Clunkers was the incredibly successful program that offered consumers a rebate of up to $4,500 to turn in their ‘clunker’ for a more fuel efficient car. The program boomed car sales for a short time and gave the failing car companies some much needed (short-term) relief. Now that the program is over, consumers still have a multitude of questions regarding how the money was paid out, how it is going to be paid to those waiting, and who got rejected.

60,000 clunkers rejected from the Cash for Clunkers program?

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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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Teaching kids about debt can be a difficult thing. It’s confusing to us adults. But, if you don’t teach your kids about debt who is going to? Back when I was in school we didn’t have any financial training classes, not credit card education or debt settlementclubs. I knew absolutely nothing about credit and debt, which is one of the reasons I got myself in a bunch of debt at an early age. And it’s the same reason my younger brother has followed the same path.

Teaching your kids about debt and credit cards is extremely important, and now, during these rough economic times, is the perfect backdrop to explain to your kids what debt is all about. According to Sallie May, the average credit card debt in 2008 for a college student was just over $4,000. If you don’t want your child to end up financially ruined by the time they graduate college, like most of us, start teaching them about debt now.

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