Debt Consolidation Introduction and FAQ’s

This debt consolidation page is designed to give you a general overview on what debt consolidation is and how it might be able to help you. The decision to enroll in a consolidation plan can help to improve your long-term financial health. It can make your existing debts easier to pay off and can save significant amounts of interest. A bank could help you get a debt consolidation loan, but there is another type of business a you might consider visiting before visiting a lending institution. You Read more [...]

Want Debt Help? Here Are Some Things You Need To Know

People who are experiencing debt problems think that the only way to get out from this tragic fall is by filing bankruptcy. But there are a lot of debt option to consider. Chapter 7 bankruptcy is one way  but it has become difficult to accomplish because of current changes in laws. Chapter 13 bankruptcy is another option to consider but it doesn't always provide you the protection you need for your finances. When somebody has lost his job it is necessary to immediately cut off payments and debt Read more [...]

How to Avoid Filing Bankruptcy

Have you ever felt helpless concerning your financial problems? Are you looking for ways to get out of your current financial situation? You are not alone! Millions of people all around the globe are experiencing the same thing. Others might say the best and easiest way to be free from debt is filing bankruptcy. But what is the real truth regarding bankruptcy? Here are some truths you should be aware of. Chapter 7 bankruptcy is one type of bankruptcy available today. It offers some benefits like Read more [...]

Mortgage Relief Program: Mortgage Servicer Impact On Consumer Credit Debt

If it's broke, don't fix it," seems to reflect the current administrations response to the continued abysmal performance of the large Servicers in implementing programs to keep people in their homes. I recently spoke to a colleague at one of the Mega-Servicers who shared with me that out of the last 20,000 Home Affordable Modification Program (HAMP) packages sent to homeowners that only 400 of those packages resulted in a completed loan modification. Our firm's analysis of the work-flow processes of the Servicers clearly demonstrates "large service and technology gaps" that explains why only a very small percentage of homeowners have actually benefited from loan modifications. Read more [...]