Amazines Free Article Archive
www.amazines.com - Wednesday, October 21, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133418)
 Advice (161141)
 Affiliate Programs (34751)
 Art and Culture (73737)
 Automotive (145653)
 Blogs (75199)
 Boating (9843)
 Books (17221)
 Buddhism (4128)
 Business (1328952)
 Business News (426365)
 Business Opportunities (366330)
 Camping (10967)
 Career (72752)
 Christianity (15847)
 Collecting (11638)
 Communication (115068)
 Computers (241945)
 Construction (38923)
 Consumer (49684)
 Cooking (17066)
 Copywriting (6636)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20417)
 Dating (45881)
 EBooks (19691)
 E-Commerce (48222)
 Education (185288)
 Electronics (83503)
 Email (6407)
 Entertainment (159838)
 Environment (28929)
 Ezine (3039)
 Ezine Publishing (5449)
 Ezine Sites (1550)
 Family & Parenting (110922)
 Fashion & Cosmetics (196423)
 Female Entrepreneurs (11845)
 Feng Shui (131)
 Finance & Investment (310448)
 Fitness (106330)
 Food & Beverages (62910)
 Free Web Resources (7939)
 Gambling (30221)
 Gardening (25144)
 Government (10530)
 Health (629692)
 Hinduism (2206)
 Hobbies (44054)
 Home Business (91574)
 Home Improvement (251119)
 Home Repair (46168)
 Humor (4834)
 Import - Export (5453)
 Insurance (45105)
 Interior Design (29581)
 International Property (3485)
 Internet (191001)
 Internet Marketing (146452)
 Investment (22837)
 Islam (1167)
 Judaism (1356)
 Law (80475)
 Link Popularity (4595)
 Manufacturing (20853)
 Marketing (98965)
 MLM (14136)
 Motivation (18218)
 Music (27013)
 New to the Internet (9495)
 Non-Profit Organizations (4048)
 Online Shopping (129631)
 Organizing (7803)
 Party Ideas (11852)
 Pets (38068)
 Poetry (2234)
 Press Release (12682)
 Public Speaking (5635)
 Publishing (7526)
 Quotes (2407)
 Real Estate (126636)
 Recreation & Leisure (95385)
 Relationships (87666)
 Research (16165)
 Sales (80334)
 Science & Technology (110255)
 Search Engines (23486)
 Self Improvement (153216)
 Seniors (6235)
 Sexuality (35947)
 Small Business (49293)
 Software (83013)
 Spiritual (23474)
 Sports (116100)
 Tax (7659)
 Telecommuting (34066)
 Travel & Tourism (307828)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11739)
 Website Design (56837)
 Website Promotion (36586)
 World News (1000+)
 Writing (35788)
Author Spotlight
ELLISEN WANG

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more
HELEN STEPHENS

I love to research products and write reviews only high-quality useful products. ...more
JASON STEVE

Writing is my passion, Social media marketing is my love. I have written many articles on various ni...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more
GAURAV KHURANA

I am the Founder Director of DialaBank.com, India’s First Financial Helpline and am an expert on Per...more


The Advantages of a Debt Consolidation Program by Jon Arnold





Article Author Biography
The Advantages of a Debt Consolidation Program by
Article Posted: 08/29/2008
Article Views: 168
Articles Written: 781
Word Count: 596
Article Votes: 0
AddThis Social Bookmark Button

The Advantages of a Debt Consolidation Program


 
Finance & Investment
If you are in over your head in unsecured debt such as credit cards and even medical bills, you may want to try using a debt consolidation program. These programs are not loans, but they can help you get your monthly payments reduced and roll your debt into one easy monthly payment. This helps you avoid having a ton of bills scattered all through the month without the ability to pay them. It also helps you avoid bankruptcy and can rebuild your credit within a couple of years.

When you choose a debt consolidation program, you are avoiding the damage that bankruptcy can do to your credit. When you file bankruptcy, your debts may be wiped out, but you also have the bankruptcy recorded on your credit report. This means that for several years you will have significant difficulty with getting any new loans, buying a house, or starting to rebuild your credit in any way. Banks consider you a risk and will treat you as such for 7-10 years, which is how long a bankruptcy will stay on your credit report. Your life is in a standstill, all because you chose to file bankruptcy. This should always be a last resort.

In contrast, let's look at a debt consolidation program. Let's say that you have several different credit cards, with different limits, interest rates, minimum payments and due dates. With a debt consolidation program, all of this will be eliminated. You meet with a counselor either in person or on the phone, and you give them all your account information. The counselor then contacts each credit card company and works out new terms for you. Many times they work directly for the credit card companies themselves, and will be able to get the credit cards to reduce or freeze all interest, as well lower the principal amount that you owe. Sometimes they can even arrange to get late fees reduced or waived.

Once the counselor works out a deal with each individual company, they will set up a payment plan for you. You will have to pay them a percentage, which is usually calculated in your monthly payment. You now will be paying the debt consolidation program one large payment every month, which will take care of all your debt. The credit card companies receive your payments from them.

When you use a debt consolidation program, you are no longer in danger of bankruptcy. The process is not immediate, and it will usually take a minimum of two years to get your debt paid off. This saves you thousands of dollars in interest over the entire period. Even though you are paying the program for their help, it is still much less than what you would pay in interest and fees if you tried to do this yourself. You can usually negotiate how the credit card companies will report this to the credit agencies as well. While many times they may report the balance as settled instead of paid as agreed, it still looks much better than a default or charge off on your report.

It is important to choose the right debt consolidation program for your needs. Talk to others and get recommendations. There are also many helpful websites out there to get you to choose the right program for you. Take your finances in your own hands and get help today. For more insights and additional information about a Debt Consolidation Program as well as getting an online quote from popular debt consolidation services, please visit our web site at http://www.debtconsolidationstrategies.com

Related Articles - debt consolidation program, debt consolidation service, debt consolidation,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
DAMIAN POWELL

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
JASON NG

Jason Ng has a huge passion for the health and fitness industry as he strongly believes that having ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license