Many people claim it is the debt relief programs they join that are at fault for their pain and suffering, in some cases it is true. What most people do not understand, it is their own responsibility to settle their accounts. I will explain what I mean in detail. When a person wants to negotiate or settle an account he/she is already delinquent on, what is most needed to settle such an account? MONEY!
That is right, money must come along sooner than later to be able to negotiate on a delinquent account. First of all people get in credit card debt because they have no money. If they had money in the first place they would buy everything they needed with cash. If you have no money, do not buy things you do not need. If you live by this rule it would be highly unlikely that you will end up in credit card debt. Lets assume you have delinquent credit accounts and you want to negotiate settlements on them, here is what you must be aware of:
1) Find an affordable agency to help you out. Find an agency that does not charge outrageous fees. Remember you are already in debt, some agencies will only get you deeper in debt. Find an agency with no retainer fees, monthly maintenance fees, or high commission rates. Shop around, do not join the first agency you speak with. Widen your horizons, do your homework, expensive does not always mean the best in the debt settlement industry.
2) Stay away from agencies that promise you the world. In the debt settlement industry there is nothing for certain. Do not let an agency tell you they can save you so much, that is a lie, not every person receives the same treatment from creditors or collection agencies. Discounts are given on a case by case scenario. Beware of false promises.
3) Do not ever under the advise of any agency stop making your payments. Whatever loan you are making payments on, it is illegal for anyone to suggest to you to stop making payments on it. If this advise is given, beware of the agency. This is only going to get you into more debt. Even though payments are not made, interests rates will go up, late fees and other charges will still continue to accumulate.
4) Do not send any agent any money unless you are absolutely sure they have a settlement letter in writing for you. Here is where the trust factor comes into play. If you have joined an agency after you have read all the advise given before, then you must trust your debt relief agency. Keep this in mind, most agencies will not forward a settlement letter to you unless the commission money has been paid to them. If you pay the commission money to your agent demand they fax a copy of settlement letter right away.
5) Most people fail to settle their accounts, why? Lack of money! Do not believe you have [...]
Archive for May, 2010
Facts You Should Know About Before Negotiating Your Credit Card Debt
Posted in Debt Cutback 
Tags: About, Before, Card, Credit, Debt, Facts, Know, Negotiating, Should 
No Comments »Can you Make Millions in Property Development?
In the highly specialised market of property development you can make millions of dollars with a few well planned projects, properly financed and built on time and to budget.
The problem is, as most developers have experienced, all projects don’t always follow these rules or work out according to the numbers on the feasibility spreadsheets.
As a developer you have probably experienced some of these examples:
The DA always takes longer to get and Councils usually spring some surprises,
The land price is too high and the owner is wanting some of your profit,
The builders pricing is always too high or the contract has tricky out clauses,
The Agents retail sales estimates are never high enough to make the deal work,
The valuers price is less than you thought and the QS pricing is too high,
And to add to that, the bank now wants 60% in pre sales- so there goes more of the profit you thought you were getting,
Then you realise the deal is tight and you are short of funds and may need a joint venture partner or maybe mezzanine funding or a funder who doesn’t need pre sales.
Suddenly those millions of dollars of your money are slipping away!
There is a solution:
At Positive Finance Australia we specialise in taking on and solving some of those challenges for you. We can arrange;
- Land banking finance
- Development finance up to 100% of costs
- Mezzanine finance
- Joint venture partners
- Equity finance
- Finance with or without pre sales.
It’s very simple to try us out;
1: Contact our office and talk us through your project or send your feasibility spreadsheets.
2: We will do a preliminary assessment of your project and provide you with the general terms of a funding arrangement or package.
3; Upon you accepting that these general terms suit your needs we will then start the process to secure these finance arrangements or package for your project.
For a quote or a chat either call us on 1300 POSFIN (767 346) or request a quote
In most cases, the banks offer reduced interest rates such as “Professional Packages” that have a rate reduction of up to 0.70 off their normal variable rate to those clients who they may deem as professional or investment borrowers.
Now is the time for all households to take action and fight back by considering refinancing your current liabilities with the new Bank Buster Home Loan * and save around $185 per month * on your repayments, based on a $300,000 mortgage at the average variable rate.
Compare the following rates to your own rates;
The Bank Buster Home Loans are available for both full documentation 6.90% Variable Rate (7.130% Comparison Rate) applicants. This is not just a Honeymoon Rate. This is a lifetime reduction of 0.90% off the normal variable rate and will only change when the Reserve Bank of Australia changes their rates.
Imagine refinancing your personal and car loans, credit cards and so on into your mortgage and having a better-than-professional rate that will not only allow you to streamline your debts and ease the weekly [...]
Credit Card Debt Relief – Learn To Fight Back And Eliminate Credit Card Debt
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Some of the principles in this world hold good in every field of life and surviving in the bad time is one of such principle. We have seen that in the period of global economic recession only the most stable and best organizations survived. Some of the giant organizations collapsed during recession because these organizations were unable to Fight Back to get their debts back.
During this period many of the peoples filed bankruptcy because this was the only way to emerge out from debt spiral but everyone knows that bankruptcy is not good for future business and card liability can increase because of filing of bankruptcy. There are some relief programs which are really very helpful to the organizations and people who want to survive in these days of recession. Elimination of credit card bills is possible with the help of relief programs so, this is a golden chance for the people who wish to eliminate the credit card debt but for this a lot of patience is required. Credit card debt relief programs created a big opportunity for the people to eliminate and fight for the card liabilities. Credit card debt relief services are helpful for the defaulters of over $10,000 and by using these programs defaulters can ask their creditors for a settlement.
The advice from an expert should be needed for the smooth running of the process because the process is not very simple. It has been recorded that in 2009, 25% of the defaulters applied for the settlement and only 33% succeeded and eliminated their credit card debt. As I said that without the advice from an expert it is not possible to get settlement from a debt relief company.
Record of debt relief companies is available to relief networks, so it is preferred for you to find out a reliable debt relief network. Free of cost counseling is provided by this network so this is very helpful for the people to understand the problem and its solution. By the counseling it is very easy to find a firm for credit card debt relief.
You have to prove that your previous record is spotless if you are going for the elimination of card debt because the future depends on the past track record. You have a chance to get a better margin of relief if you were paying your bills regularly before recession.
If you have credit cards or other unsecured debt over $10k you will be eligible to eliminate up to 70% of this through a credit card debt settlement. CreditCardDebtNegotiations.com will provide legitimate debt relief help and free counseling for consumers. They are one of the largest and most respected debt relief networks on the marketplace and can help you eliminate unsecured debt.
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contact us for free debt advice = 8884442820
Posted in Debt Cutback Tags: Back, Card, Credit, Debt, Eliminate, Fight, Learn, Relief No Comments »