Credit Cards, Debts, Negotiations, & Settlements Archives -

Category : Credit Cards, Debts, Negotiations, & Settlements

Home»Archive by Category "Credit Cards, Debts, Negotiations, & Settlements"

How to handle a Lawsuit from a Debt Agency

Being sued by a debt collection agency is a very common thing these days. Often times when you are hit with such a lawsuit, you are unsure in regard to how to respond. In fact, for that matter, many people are unsure about whether to even respond or not. Being sued for debt is a problem that can manifest itself into various situations depending on how the case goes forward but the bottom line is that no matter what, you need a lawyer. Once a plaintiff files a suit against you, you will definitely want to get in touch with a well-seasoned lawyer who can explain your options to you and guide you through this process. Here is a basic outline of the response process:

Successful Credit Card Settlement – How To Write Off Debt Through Successful Negotiation

Are you in a position where you will be negotiating a credit card settlement fee with your credit card company? Over the course of this pandemic, many people have been unable to manage their finances as estimated. This has resulted in there being major problems with credit card fee payments. Credit card companies ideally always have the option of negotiating credit card debt so that an arrangement can be worked out. The reason for this is because as time passes, it becomes apparent to them that the chances of them to be getting their money back are getting bleaker too. This is why they are ready to go for a ‘Something is better than nothing’ policy which may just help you drastically reduce your debt.

Credit Card Mistakes to Avoid

Credit card companies make it very easy for borrowers to replace the cash in their wallet for the plastic card. Credit card companies spend billions of dollars on marketing cards to borrowers and making them appealing with cashback or airline miles. If you choose to use a credit card to build your credit score, be cautious of these common credit card mistakes.

Student Loans are Making it Hard to Get a Mortgage

Recent college graduates receive heavy social pressures from friends or family about when their timeframe for purchasing their first home.  However, they might discover that those same student loans that allowed them to finish their studies are now holding them back from purchasing their own home. The National Association of Realtors recently published that 83 percent of the non-homeowners state that student loan debt prevents them from buying a home.

Teaching children financial literacy at home, how debit cards can help.

Most of us understand that financial literacy is the key to becoming a successful adult. As adults, sometimes we wish that we learned financial literacy more in high school or younger. Now that some children are getting their education at home or through virtual sources, it could be the time to teach your children about those financial topics you wished you learned earlier in life. Wonderful lessons for children are to teach them how to earn money, spend it, and save for future purchases.

Managing Student Loan Debt During The Pandemic

There’s no denying the enormous economic impact the Covid-19 pandemic is having on American households. Keeping up with fixed expenses such as mortgage payments, electric bills, and car payments has become a major stressor for many. For some, companies are willing to extend due dates, lower interest rates, or even discount the amount owed. That being said, what options are there for student loan borrowers to help during this pandemic? Fortunately, there are options whether your loan is Federal, Private, or through your employer.

Student Loans and COVID-19

The widespread economic halt arising from the Coronavirus pandemic has had strenuous implications on citizens across the world. There’s no telling how long the virus will last and its resultant effect on Americans. Offsetting student loans has always been a pressing task for most citizens and with the coronavirus eliminating/reducing income, the struggle has increased. The unexpected pandemic has made it even more difficult for the average American to offset their debts – student debts being among the most troublesome.  Reports show that, as of March 2019, American’s outstanding student loan debt topped $1.5 trillion. Most people are beginning to wonder how to deal with their mounting debt during this economic crisis.

You May Be Able to Get Financial Help From These Major Financial Institutions If You Have Been Negatively Affected by COVID-19

The Coronavirus pandemic has spread rapidly across the country and so has the need for financial aid and resources. Despite the stimulus check given to the American people over the last month, over 30 million Americans have registered for unemployment. This shows that, despite the stimulus package offered by the government, millions of Americans are still in desperate need of stimulus packages. However, several institutions and private businesses are offering financial help to people who have been negatively affected by the pandemic. We have accumulated a list of institutions you can go to for aid during this time.

Warning Signs of Financial Trouble

Despite the fact that many people make a substantial amount of money, they find themselves living paycheck to paycheck, which eventually lands them in financial trouble. Why, you might ask? Well, it is because a large number of people have really poor financial habits. However, financial troubles don’t just spring up from nowhere – there are always warning signs. Many people tend to ignore these warning signs until it blows up in their faces. In this article, we will be discussing these financial trouble warning signs extensively.