Posts Tagged ‘debt consolidation services’

Consumer Debt Consolidation Helps You Free Yourself Of Debt

Monday, April 25th, 2011

Debt in any form is not a welcome change in anyone’s life and the sooner one can get rid of debt the better it is. The Government had observed the trend of increasing number of people getting affected by debt and so the debt relief services were introduced to help people get rid of debt.

Debt relief services offered by various debt management companies included consumer debt consolidation and debt settlement. Debt consolidation services offered by numerous debt management companies help debt struck people consolidate all their debts into a single consolidation loan which need to be paid on a monthly basis only a single time. With multiple credit card bills to be paid at different times of the month it becomes really difficult for a person to manage his funds and remember to pay the bills on time. This is how the credit card bills go on accumulating and reach a stage where there is a huge amount to be paid off to the creditors and the debtors are no longer able to repay the creditors with whatever source of income they have. With time a situation comes when the debtor either has to opt for bankruptcy to pay off all his creditors or opt for debt relief services to get rid of their debts.

Amongst the debt relief services the most popular and recommended is the consumer debt consolidation as it enables an individual to pay off the entire debt but at an easy pace and also without taking much tension as half of the responsibilities towards the creditors is handled by the debt management company instead of the debtor himself. Right from handling creditor calls to paying off the creditors everything is taken up by the debt management company. Bad credit debt consolidation services are available for people with bad or no credit and this helps the debtors manage their situation more smoothly and with a clam mind set.

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Bad credit debt consolidation consolidates all the debts of an individual with bad credit but at a minimal fees as more often than not those debtors are not in a position to gather enough funds to pay off their debts so they will not be able to gather cash to pay high fees to the debt management companies. Consumer debt consolidation allows the debtor to avail a new consolidation loan at low rate of interest thus making the monthly amount to be repaid affordable and manageable as per the debtors financial situation. Debt settlement is different from bad credit debt consolidation as this type of debt relief services involves negotiation with the creditors to waive off a certain portion of the debt so that the balance amount can be paid off at a reasonable rate of interest. However, debt settlement should be opted only when there is no scope for an individual to acquire funds for paying off the debt with the help of consumer debt consolidation and the only option left is waiving off a part of the debt which will definitely scar ones credit rating for sure.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/consumer-debt-consolidation-helps-you-free-yourself-of-debt-4669434.html

About the Author

Peter Lawson is a regular writer on DebtConsolidation123.net, a US based portal, which provides detailed information on Debt Consolidation Services, Debt management companiesand other Bad credit debt consolidation related issues.

A Special Offer For Members of The Military- US Army Debt Relief Program Serves The Purpose

Sunday, April 24th, 2011

Debt relief programs cater to all classes of people including the military. In fact the members of the military have special privileges out of which military debt consolidation can also be considered one. The US army debt relief programs are very much like the debt relief programs for regular people and the military debt consolidation is also used to consolidate all the bills into a single loan so that all the credit card bills with high interest rates can be paid off once a month at an affordable rate of interest.

Debt consolidation or debt settlement services offered to members of the US military have the same set of features as any other regular loan such as single one time loan, low rate of interest on the consolidation loan, extension of term period of repayment, the property of the debtor is placed as collateral in lieu of the loan. American military debt management services are offered to the family members of the military personnel who are active as well as retired from duty. The US army debt relief programs are provided by agencies like Military Debt Management Services, Military Debt Management Agency and AAFES. Numerous financial institutions also offer a helping hand in the for of military debt consolidation or debt settlement services to the needy members of the military. The debt settlement services or military debt consolidation services enables the debtor to pay off the debt in a single monthly payment at an affordable rate and there are certain American military debt management services specialize in offering military debt consolidation services to all the military personnel.

The government initiates military debt consolidation and debt settlement services targeted for the military as the members of the military sacrifice their life for the security of the country. The borrower’s taking the US army debt relief program are members of the military and since they receive several privileges in various forms the military debt consolidation service is also a type of debt relief program that helps the military personnel to get rid of their debt. Certain points need to be ascertained by the military personnel availing American military debt management services and they also need to know the rules, terms and conditions of the debt consolidation services so that it helps in speedy recovery of the debtor as fast as 60%-90% as compared to not availing the military debt consolidation services.

The military personnel can also opt for debt settlement services wherein a portion of his debt will be waived off by the creditors and a lower amount will be settled to be paid off by the military personnel. The American military debt management companies offer their services as mediators between the military personnel who are under debt and the creditors to whom money is owed. Military debtconsolidation will be able to offer services for any type of loan such as credit cards, personal loans and car loans.

The benefits of securing the US army debt relief program are getting back on track and improving ones credit score by paying off the credit card debts. Military debt consolidation is carried out via mortgaging the property wherein the members are eligible for tax deductions. The interest paid on the debt consolidation loan is taxable.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/a-special-offer-for-members-of-the-military-us-army-debt-relief-program-serves-the-purpose-4659098.html

About the Author

Jason Rodson is a regular writer on DebtConsolidation123.net, a US based portal, which provides detailed information on Military debt consolidation, American military debt managementand other Debt settlement services related issues.