5 Tips on How to Deal with Debt Collectors

The easiest way to avoid debt collectors is to be totally debt-free. But what is the point of creating an article about dealing with debt collectors if there is no debt to talk about in the first place?

You are probably familiar with harassing phone calls at work and at home. If you are financially in bad shape and trying hard to meet your financial obligations, then how stressful can your plight further get with a series of unwanted calls? Depressing, isn’t it? It’s good news therefore that federal laws and many states prohibit harassment of collection agencies. For example, the law includes a non-exhaustive list of harassing tactics, including prohibitions on threats of violence; obscene language; causing a telephone to ring repeatedly; and placing calls without meaningful disclosure of the caller’s identity. But how can you eliminate the stress altogether? Here are some tips. Read more

6 Most Common Credit Card Traps

To some extent, it is great news that President Obama has recently signed the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009. Among the many stipulations accommodated by this law are the prohibitions of:

1) retroactive rate increases;
2) card charges for pay-by-phone payments unless it is 60 days overdue; and
3) double-cycle billing or the imposition of card charges for previous and current balances. Read more

Mint.com – Your Thinking Wallet on the Web

For a person who is too busy to track down where his dollars go and to figure out ways to save, Mint.com works like magic. A multi-awarded money management website, Mint.com is packed with easy features that make personal accounting equally easy for its users – at absolutely no cost and with minimal effort. Read more

PocketMoney for iPhone

For 15 years, the mobile application PocketMoney has made personal management of finances easier by helping people keep track of their incomes, expenses and savings effortlessly. Most users of Newton OS and Palm OS are testament to the efficiency of this award-winning tool. Read more

Rising from Debt

What do you think is the link between debt and recession? It is the people’s tendency to spend way more than what they earn until their debts roll out of control. In this world of rapid modernization, there’s a thinning line between necessity and mere want as everything becomes a necessity for an undiscerning consumer.

If you’re a person who’s neck-deep in debt, to tell you not to spend more than you earn is only half of the advice. There’s a stressful battle to address until you are totally debt-free. It will be a long battle that will require your utmost resolve and discipline. Read more

5 Most Common Credit Card Traps Unmasked

Applying for a credit card should not be taken lightly. Thoroughly researching the interest rates, terms, late fees and reward perks should all be done. Not going through these phases might trap you in debt for a very long time. Already, there about 1.2 billion credit cards in use in the United States. As 43 percent of American families spend more than they earn, 60 percent of the active credit card accounts are not paid off monthly, bringing up the average credit card debt among all American households to $8,400. Read more

Towards Financial Freedom: How to Shrink Your Debt

Today’s society is teeming with borrowers and lenders, where the two are continuously feeding on each other in order to exist. Well, that is until a borrower can no longer pay. And in his inability to pay, his debt balloons into an alarming volume, making way for a more undesirably complex borrower-lender relationship. Read more

Till Debt Do Us Part: Becoming Debt-Free with Debt-Assistance-Today.Com

Ideally speaking, we should owe no other person anything except a debt of love or gratitude.  This is hardly an ideal world, however, and people eventually find themselves owing much more than that.

So what should they do about it?  At this point, they have a choice:  they can give up and go the file-for-bankruptcy route, or they can tread the road less traveled and ask for help from those in the know.  There are consultants for every discipline imaginable, even the discipline of getting out of debt and staying out of debt. Read more

Road to Debt Avalanche

Till Debt Do Us Part?

Year 2008:  the year when the U.S. – and inevitably the rest of the world – has been hit by grave economic problems.  Lehman Brothers declared bankruptcy because its real estate arm experienced extreme losses.  Foreclosure rates soared due to non-payment of mortgages and high interests.  When the going gets tough, the debt-ridden suffers.  Get rid of debt if you want a better life. Read more