Debt collectors are infamous for some of their underhanded tactics used to collect debts from consumers. Many collectors get away with these tricks because consumers are not aware of the laws dictating how collectors can – and how they cannot – deal with consumers when collecting a debt.
The Fair Debt Collection Practices Act, better […]

There’s no doubt about it, dealing with debt can be a struggle. When your debt load is overwhelming large, the only thing you can think about is a solution. If you’re like most people you want to ease the debt burden, but don’t want to ruin your credit with bankruptcy. Debt consolidation […]

Choosing a debt management solution isn’t a decision that can or should be made with ease. There are companies that promise they can relieve your debts if you send them money, but just how trustworthy are these companies? How do you know that the company you choose can follow through on its promise? When you […]

Consumer credit counseling is an alternative to filing bankruptcy. It is professional counseling that provides you with financial education and debt counseling according to your situation.
Once you consult with a credit counselor, the counselor will assess your debt level and work out a payment plan based on your income. Some credit counselors can […]

You may have read about debt settlement as an alternative to bankruptcy or a solution to your debt. The ads usually read something like this:
"Reduce your debt up to 65%!"
"Get out of debt in less than six months!"
Debt settlement promises to reduce your debt by negotiating with your creditors, but the effect on your […]

Living paycheck is no fun, especially when you have credit card bills and other debts to pay. When you’re having trouble managing your credit, you might consider seeking professional help through consumer credit counseling. Before you choose credit counseling, there are several factors to consider.
Can You Do It On Your Own?
Theoretically, there is […]

Under the U.S. Constitution, you have the ability to relieve all or part of your debts when you can no longer meet your obligations to creditors and lenders. Two major types of bankruptcy apply to consumers. Chapter 7, which allows debtors to discharge all or part of their debt, and Chapter […]

Debt is a way of life for many consumers. It can be so overwhelming that bankruptcy seems to be the only answer. Because bankruptcy can have such a devastating effect on your credit score, it’s better to seek other alternatives before filing Chapter 7 or Chapter 13 bankruptcy. If another solution saves […]

Choosing a debt management solution isn’t a decision that can or should be made with ease. There are companies that promise they can relieve your debts if you send them money, but just how trustworthy are these companies? How do you know that the company you choose can follow through on its promise? When you […]

Should You Use Them?
More and more people are turning to credit counselors to help them get out from under a mountain of debt. Some consumers are finding out the hard way, however, that not all credit counselors are created equal.

One so called "non-profit" counseling agency pockets your first month’s check, which you assume is […]