If you are struggling to make your minimum payments on credit cards or other debt, it may be time to look at your options to reduce or pay off debt. How to Settle Debts Yourself
explains various methods of dealing with debt. Budgeting, credit counseling, bankruptcy and debt settlement are a few of the topics covered.
Now learn that you DON'T need to use a debt settlement company!
If you decide your situation calls for debt settlement, you may be able to save money by doing it yourself.
The
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How to Settle Debts Yourself
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provides all the information you need to successfully settle your debt yourself.
You will learn what you need to do to settle your debt without using a debt settlement company. You will also gain access to additional tools not available on our free site.
Get started now! Take the first step toward terminating your debt by ordering the new book or ebook "How to Settle Debts Yourself
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If you don't know how you'll pay off debt you have accumulated, this book is for you!
If creditors are calling you day and night to collect from you, and you don't have a solution, this book is for you!
If you've wondered how long you'll pay minimum payments, and how you'll ever pay off your debt, this book is for you!
If bankruptcy is starting to look like your only choice, this book is for you!
If you'd like to settle your debts, and want to learn how to do it yourself, this book is for you!
Learn how to negotiate and settle these and other types of debt: |
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| Our DIY Debt Settlement book
will give you the information you need to settle debts yourself. Why pay a debt settlement company when you can do it yourself?
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Save Money by Settling Your Debt Yourself! |
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Avoid debt settlement company fees. |
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Avoid monthly payment processing fees. |
| Save hundreds or thousands of dollars in fees, depending on how much you owe, by
settling debt yourself
and being a self-saver. |
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How to Get Out of Debt UpdatesArticles about getting out of debt and saving money, as well as answers to questions from people who have debt problems. Whether you want to settle debt yourself or not, there is some helpful information here. Also includes consumer complaints regarding specific debt settlement and debt relief companies.(Links below open in new tab or window) |
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| The Seven Stages of Debt. Which Stage Are You In? Sat, 19 May 2012 18:14:56 Many years ago I wrote my original Seven Stages of Debt, as modified from the Five Stages of Death and Dying by Dr. Elisabeth Kubler-Ross. Both experiencing the emotional loss of a loved one and the emotional loss of your financial life are similar in some distinct ways. However, the emotional stages of debt also [...] Full Get Out of Debt article here: The Seven Stages of Debt. Which Stage Are You In? | |
| Mortgage Modification Company Former Owner Facing 80 years in Jail Fri, 18 May 2012 21:00:09 Isaak Khafizov, a former owner of American Home Recovery (AHR), a mortgage loan modification business, was found guilty yesterday in Manhattan federal court of conspiracy, mail fraud, and wire fraud in connection with a scheme to defraud distressed homeowners and lenders. Khafizov was convicted after a ten-day jury trial presided over by U.S. District Judge [...] Full Get Out of Debt article here: Mortgage Modification Company Former Owner Facing 80 years in Jail | |
| Women and Financial Insecurity Fri, 18 May 2012 20:52:57 A recent article in the online version of the Wall Street Journal caught my attention. It was called “Clients From Venus.” Source It began by pointing out that women are becoming increasingly involved in personal finance. “Women control $8 trillion in assets in the U.S., and by 2020 are expected to control $22 trillion, according [...] Full Get Out of Debt article here: Women and Financial Insecurity | |
| Precision Law Center – Consumer Complaint – 5-18-2012 Fri, 18 May 2012 20:42:55 Consumer Statement: We sent Precsion Law $4500.00 in Aug. 2011. We were joining a mass gender suit. We haven’t heard from them and my many calls to them have failed. I’m a 100% disabled marine corps veteran and my home is set up for my wheelchair with ramps and etc..I don’t know what to do. [...] Full Get Out of Debt article here: Precision Law Center – Consumer Complaint – 5-18-2012 | |
| Getting a Job or Finding a Job After Bankruptcy Fri, 18 May 2012 20:33:50 A common conern I hear from time-to-time is if someone goes bankrupt will they be able to find a job or get a job. The answer will surprise you. According to Christine Saah Nazer, of the U.S. Equal Employment Opportunity Commission, “The use of credit histories in employment can have a disparate impact on a [...] Full Get Out of Debt article here: Getting a Job or Finding a Job After Bankruptcy | |
| IRS Yanks Nonprofit Status of Credit Counseling Agencies Fri, 18 May 2012 18:59:40 The IRS has just posted a public update on the nonprofit credit counseling agencies that have recently lost their 501(c)3 tax status from the IRS. The companies named lost their nonprofit status in April and early May, 2012. They include: Budget Right Debt Management, Inc. Lake Mary, FL 4/9/12 Budget Right Debt Management, Inc. Maitland, [...] Full Get Out of Debt article here: IRS Yanks Nonprofit Status of Credit Counseling Agencies | |
| Credit Reports, Credit History, and Credit Scores in Hiring and Job Performance. Is It Even Fair? Fri, 18 May 2012 13:55:35 You hear all the time how credit history can impact your ability to get a job. In the debt relief world debt settlement and credit counseling companies claim bankruptcy prevents people from getting jobs and that’s why people need to use their services instead. But what is reality and what is the negative impact of [...] Full Get Out of Debt article here: Credit Reports, Credit History, and Credit Scores in Hiring and Job Performance. Is It Even Fair? | |
| How Does Bankruptcy Work? Thu, 17 May 2012 21:25:13 Bankruptcy is one of those things people are afraid of, but they really don’t know why. Once you learn the facts about bankruptcy and how it works, you’ll want to know more. Bankruptcy is a legal process that is administered through the court. While people can technically file bankruptcy themselves, it’s not a smart idea. [...] Full Get Out of Debt article here: How Does Bankruptcy Work? | |
| My Student Loan is Almost 30 Years Old and I’m In Collections. – Dawn Thu, 17 May 2012 21:09:32 “ I currently have a student loan that is 27 years old. I was 17 years old when I was offerred this loan, and really unaware of the rate of interest, penalties, etc. I divorced from my husband at the age of 19 (due to the fact that he was physically abusive), and in [...] Full Get Out of Debt article here: My Student Loan is Almost 30 Years Old and I’m In Collections. – Dawn | |
| We Just Can’t Get Caught Up on Our Bills and Debts. – Beth Thu, 17 May 2012 21:01:17 “ Divorcee’ with one child, remarried, living in home that is mortgaged under my ex-husbands name only and the deed is in my name only (don’t ask how-lol). Remarried we both work full time jobs My credit WAS descent, until the wedding, honeymoon, car issues and he got laid off. Now things are looking [...] Full Get Out of Debt article here: We Just Can’t Get Caught Up on Our Bills and Debts. – Beth | |
| Nonprofit Student Loan Debt Collector Makes About Half a Million Thu, 17 May 2012 16:18:53 Bloomberg Businessweek is reporting that Educational Credit Management Corporation, an IRS educational charitable nonprofit group, paid Joshua Mandelman, a student loan debt collector for ECMC, nearly $500,000 in a single year. ECMC’s debt collectors earn bonuses as a reward for extracting money from defaulted borrowers. In 2010, the bonuses for top performers amounted to as [...] Full Get Out of Debt article here: Nonprofit Student Loan Debt Collector Makes About Half a Million | |
| Bogus U.S. Embassy Email Asks for Money – Scam Alert Thu, 17 May 2012 15:33:13 A reader sent in the email below that claims to be from a U.S. Ambassador. I wanted to use it to point out a number of warning signs. Starting from the top: The email address this is sent from is not a government address. The reply to address is not a government address. The flag [...] Full Get Out of Debt article here: Bogus U.S. Embassy Email Asks for Money – Scam Alert | |
| SaveMore.com – Consumer Complaint – 5-17-2012 Thu, 17 May 2012 15:05:03 Consumer Statement: Purchased 2 Barnes & Noble gift cards in December 2011. Both were redeemed per instructions but cards never arrived. Consumer Action Taken: I have contacted the company numerous times each month since January by phone and email. Often being told the system can’t take my phone message and only one email received a [...] Full Get Out of Debt article here: SaveMore.com – Consumer Complaint – 5-17-2012 | |
| Debt Settlement Companies Suffer from Premature Representation Thu, 17 May 2012 14:58:56 First, I’d like to say thank you to Steve Rhode for the invitation to make a guest post. Steve, I greatly appreciate you opening up your venue. Rather than focusing on what Debt Relief A La Carte offers, I’d like to take this opportunity to discuss why. It will be much more meaningful for all. [...] Full Get Out of Debt article here: Debt Settlement Companies Suffer from Premature Representation | |
| HopeNow Modifications – Consumer Complaint – 5-17-2012 Thu, 17 May 2012 14:07:35 Consumer Statement: Well in Nov 0f 2008 Hope Now Modifications, L.L.C called my home claiming that they would help me with a modification loan. through my mortage company which was U.S Bank. I sign the contract in Nov 12 2008 they wanted 1500.00 to start the process. well I made several calls concerning how long [...] Full Get Out of Debt article here: HopeNow Modifications – Consumer Complaint – 5-17-2012 | |
| If You Rent It Could Help Build Good Credit Thu, 17 May 2012 14:00:41 Experian today announced a new product to help renters convert their on-time rental payments into good credit. Up until now Experian had only really been adding rental history through its RentBureau product that is used by big apartment complexes. Now they’ve launched a new product for use by all landlords, big or small. ClearNow allows [...] Full Get Out of Debt article here: If You Rent It Could Help Build Good Credit | |
| SCAM ALERT – Financial Management Partners – Consumer Complaint – 5-16-2012 Wed, 16 May 2012 23:14:33 I normally do not post an investigation with a consumer complaint. However in this case there were a number of issues that concerned me, such as unregistered companies, fake testimonials, and offshore payment processing. I’ve labeled this consumer complaint as a scam alert because in my opinion these companies all create a pattern of what [...] Full Get Out of Debt article here: SCAM ALERT – Financial Management Partners – Consumer Complaint – 5-16-2012 | |
| Military Star Card / Military Star Rewards MasterCard / AAFES Card- What You Need to Know First Wed, 16 May 2012 20:44:05 The Military Star Card is a credit card that is marketed and promoted to military personnel. In the past it was known as the AAFES card as well. This card is limited to use at military Exchange stores or through the Exchange website. Only people who are active duty military, military retirees, reservists, National Guard [...] Full Get Out of Debt article here: Military Star Card / Military Star Rewards MasterCard / AAFES Card- What You Need to Know First | |
| Non-Profit Housing Counseling Agencies to be Focus of IRS Examinations Wed, 16 May 2012 15:59:40 The report below comes from Venable law firm. All I can say to my credit counseling friends is they better learn the meaning of the phrase BOHICA (Bend Over Here It Comes Again). Earlier this year, the Internal Revenue Service’s (“IRS”) Exempt Organizations (“EO”) division unveiled its annual work plan. The plan highlights EO’s priorities [...] Full Get Out of Debt article here: Non-Profit Housing Counseling Agencies to be Focus of IRS Examinations | |
| Realty Law Center – Consumer Complaint – 5-16-2012 Wed, 16 May 2012 15:46:11 Consumer Statement: they called me constantly before all the money was sent but now im not receiving even a simple phone call from anyone Consumer Action Taken: i have made numerous phone calls every day and mrs gomez was supposed to be handling my case and she has not got back with me at all. [...] Full Get Out of Debt article here: Realty Law Center – Consumer Complaint – 5-16-2012 | |
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Latest Debt and Money-Saving Tips |
| Tips from the author of "How to Settle Debts Yourself" that include ideas on ways to save money and take control of your debt situation. |
| Settle Debts Yourself Tip 1 Best Time to Negotiate Is there a secret in the debt settlement industry that creditors don’t want you to know about? I owned a debt relief service company and worked in the industry for five years. I heard a lot of people tell me they had the “secret sauce,” the “inside information,” or the “best connections.” It was all [...] |
| Settle Debts Yourself Tip 2 Debt Settlement vs. Debt Management What is the difference between “debt settlement” and “debt management” – and does it matter? DEBT SETTLEMENT can also be called DEBT NEGOTIATION and I’ve even heard it called DEBT RELIEF, especially by companies who want to “sanitize” what they do or make consumers confused about the entire process. In a debt settlement situation, you [...] |
| Settle Debts Yourself Tip 3 Negotiate your debts now It’s the end of the year and companies are closing out their books. This is the best time to get a debt negotiated and settled. Companies don’t want to keep bad debts on their books. They want to clear the decks for action in the new year. If debts are settled up now, they won’t [...] |
| Settle Debts Yourself Tip 4 Should I Stop Paying my Creditors? If the debts are just piling up you may wonder what happens if you simply stop paying. Can you go to jail for not paying your debts? Can you lose your house? Will you end up on the street, homeless? When the creditors start calling Once you miss that first payment date, you will get [...] |
| Settle Debts Yourself Tip 5 Halloween costumes on the cheap Even if you’re working to get out of debt, it’s okay to have some fun in your life. Just don’t go overboard spending money you don’t have. Here are some quick last-minute Halloween costume ideas for little or no expense. Enjoy! Devil Dog I loved this costume for the dog of a friend, and since [...] |
| Settle Debts Yourself Tip 6 Hardship – what is legitimate? “I’m tired of paying my creditors each month, those bloodsuckers!” Someone gave me this as their “reason” for pursuing a debt settlement program. Sorry, Charlie, that is not a legitimate hardship. Try telling that to your creditors and see what kind of reaction you’ll get: probably not something favorable. Another one that won’t fly is [...] |
| Settle Debts Yourself Tip 7 Do you need a credit card? I’ve heard talk about alternatives to credit cards. Cash, debit, checks, even barter could be ways to pay for something without using a credit card. Each has its pros and cons. For example, CASH is accepted almost everywhere but once you run out of it, you’re done. No more purchases until you get more cash. [...] |
| Settle Debts Yourself Tip 8 Will debt settlement affect my credit score? The short answer is, yes, debt settlement will affect your credit score. Interestingly, according to myfico.com, the answer is different depending on your situation! For example, if you’ve already had a late payment in the past year, you’ll take a bigger hit on your credit score by being late with another payment rather than settling [...] |
| Settle Debts Yourself Tip 9 How to have money for holiday spending Ten ways to have money you can spend for the holidays. 1. Hold a garage sale, rummage sale, yard sale, or white elephant sale. Clean out your garage and attic and basement and see how much you can sell. Not only will you have a cleaner living space with all that stuff gone, you’ll have [...] |
| Settle Debts Yourself Tip 10 Is personal debt getting out of control? Have you taken a look at the U. S. Debt Clock lately? It’s an eye opener, for sure. According to that calculation, consumer debt is nearly $10,000 per family nationwide. (That doesn’t count home mortgage debt, by the way.) I know people who have no debts (except perhaps their home or car loan). I also [...] |
| Settle Debts Yourself Tip 11 Why I didn’t buy the protection plan Last week I bought a new laptop. I needed one for several reasons, mostly because it was for my husband whose engineering consulting business has grown to the point that the “old” laptop just wasn’t fast enough anymore when he traveled for on-site consulting. I’d been looking around for a good deal. So when a “four-hour [...] |
| Settle Debts Yourself Tip 12 Wealth and Freedom Lost Excellent article about individual freedoms and how that relates to individual wealth. Read it and think about what changes you can make in your own life now. Here is an excerpt: Wealth and Freedom are created by individuals, not mobs and not governments and not bureaucracies. Wealth and Freedom Lost – from NoStinkingPolitics.com |
| Settle Debts Yourself Tip 13 Another way to pay off debts faster Here’s another way to pay off all your debts, especially when you have high-interest credit cards to deal with: First, list all your debts. If you haven’t done this before read the earlier blog post to show you how to locate every debt you owe. Next, write down next to each debt the monthly payment, [...] |
| Settle Debts Yourself Tip 14 How to pay your debts in full Consider the idea of paying all your debts in full. How can you do that? Here are some ideas: Cut down on expenses, and pay the debts. Here is where your budget information will be used. Don’t have a budget yet? Read some of the earlier posts to create one. Once you know your income and [...] |
| Settle Debts Yourself Tip 15 How to create a budget In a perfect world, you would determine your budget by deciding how much of your monthly income you will be spending on what types of expenses. You would be choosing what to buy, when you want to buy it, and know where the money will be coming from to buy that item or service. Ha, [...] |