Read How Full And Final Debt Settlements Can Often Benefit Debtors With Unsecured Loans

The options available to people who are unable to pay off their debts include entering into a debt management plan, taking a consolidation loan, and in the most severe cases, bankruptcy. Full and final debt settlements are available to those who have a lump sum which could pay off some proportion of the total money owed. Creditors may accept a full and final debt settlement because they may get more of their money back this way, than by selling the account to a collection agency, or by forcing bankruptcy on the debtor. Note that loans secured on assets such as houses or cars cannot be cleared by full and final settlement offers, as the creditor will have the option of repossession in these cases. Read more [...]

Simple Debt Elimination Tips

If you are drowning in debt and are having nightmares about creditors and debt collection agencies knocking on your door, try these simple debt elimination tips to reduce and eliminate your debt. The steps are truly quite simple: stop using your credit cards, reduce your spending, live below your means, and use what’s left to pay back your debt. What follows is a brief explanation of each of these steps: To solve any problem you must first admit that you have one. Money is hard to make , and Read more [...]