Credit Card Debt Help, Is It Possible Without Paying Upfront Fees?

For some of us it can get to the point where the debts you currently have, outweigh the income you have coming in. This is called being insolvent.

For years people have been seeking solutions and debt relief options that would help them get themselves out from under the weight of their debt and back onto a track of financial freedom and responsibility.

For many years Bankruptcy was the fix all for debt. People would rack up large amounts of debt then file for a chapter 7 bankruptcy and have those debt wiped away, only to start the process up again. The banks lobbied and finally got stricter regulations in place to prevent this from happening. In 2005 the bankruptcy abuse act was passes making it very difficult for people to qualify for a chapter 7 bankruptcy but instead pushed people into a chapter 13 bankruptcy whereby people are forced into a repayment program, sometimes for 100% of the debt that they owe.

Next came the era of Consumer Credit Counseling as a debt relief program. These agencies popped up everywhere offering assistance to people looking to deal with mounting credit card debt. The process was simple because in many cases the credit card companies themselves either owned or had back room deals with the agencies who were “supposedly” working for you. As a result the programs came under scrutiny and the FTC passed guidelines that prohibited the way they could operate. The typical person who is looking for debt relief, is looking to lower their monthly expenses but with CCC you typically pay the same as your paying right now which does not help the person who cannot afford their monthly payments as it is.

This not being an option for most people, individuals turned to debt consolidation loans whereby they attempted to lower their payments by bundling all of their debt into one loan with a low interest rate. In many cases people had too much debt or too low of a credit score to qualify for another unsecure loan, so the banks wanted a security. In many cases this took the form of a Home Equity loan, or a remortgage. Most of us today are still feeling the repercussions from this. People were bundling all of their unsecure debt into secure loans and then realizing not too long after that they no longer could afford those payments, or they got themselves mixed up with a balloon loan or a variable APR loan. Now these people run the risk of not falling behind on their credit card debt, but losing their homes.

People then began to turn to an age old practice of debt relief called debt settlement. This is a process that a person attempts to negotiate with the credit card companies and agrees on a lower payoff to settle out the debt. Since this process is both time consuming and required a lot of experience in the art of negotiations, often times requiring long standing relationships with the creditors, people turned to companies who specialize in this process. A company that does this for the consumer is known as a debt settlement company.

What happed next was that many people from the failing mortgage and real-estate industry, seeing the amount of people turning to debt settlement, decided to jump on the bandwagon in the hopes to make a quick buck. This created a boom in the amount of debt settlement companies out there. What is also did was cause a number of scam companies to pop up, offering what looked like legitimate debt settlement but in actuality were scamming the people out of their hard earned money. Many of these debt settlement companies were charging the majority of their fees up front before any settlements or in many cases before any services were provided at all.

Seeing the amount of people that had horror stories of dealing with a debt settlement company that took them for a ride, the FTC decided to pass regulations and guidelines on how a debt settlement company can operate and charge its fees. First of all, if a company is charging its fees before a settlement had been reached, they do not have the client’s best interest in mind. It also shows that they do not have confidence in their own abilities.

No company should be charging you a penny until they reach a settlement. This ensures you that you know what you are paying for, and gives them the motivation to work hard on your behalf to save you the most they can. Any debt settlement company that is charging upfront fees are not only no doing you any justice, but may not be in compliance with the FTC guidelines.

If your looking for debt relief and are considering going with a debt settlement company, make sure you are choosing one where you don’t pay anything until you settle!

For more information on credit card debt help and to go over all of your options, click the link and speak to a debt analyst who can review your case and let you know which options might be best in your situation.

What Are Bad Credit Loans And Why Are They So Important

Even if you have a bad credit history, you will still be able to get financial help up to $5000 even if you have bad credit. If you have a bank account and a steady job, you can easily get a personal loan from certain websites.

Such loans can be used for numerous things, like debt consolidation, emergency or unforeseen expenses. In other words, you can use these loans on any purpose of importance to you.

The good thing is that you can get the money within only a business day so you do not have to wait long. Furthermore, the application process is very simple and you will be able to send everything that is required within minutes.

All online applications are processed almost instantaneously. Moreover, the process is secured so you need not worry about your personal data. There sure is no better way to get extra money without leaving the house.

As a consequence, when you find yourself in difficult situations and think you need some cash, do not wait for your next paycheck. Personal loans come in handy at times like these so apply for one when in need.

How Can I Be Sure I Get The Best Bad Credit Payday Loan Offer?


It seems that every lender out there is saying they have the best payday loan. This type of advertising is intentional as it gets the attention of consumers that want to borrow money and pay back as little as they can for it.

However, you have to do your part to make sure you really are getting a great deal. If you take their word for it alone, you are going to be quite disappointed.

In order to find out where the best rates of interest really are, you need to look around. While you may have some local lenders for a cash advance they usually charge more. They have more to pay out of their income as expenses for the location and that means they need to charge you more to keep up their profit margin. The best personal loans are almost always those that are found online. They offer a lower rate of interest and a very fast turn around time.

When it comes to a cash advance like this, you don’t have to worry about your credit being a factor. It won’t determine how much you pay in interest. The personal loans are the ones that offer you relatively low rates of interest. They don’t have any fees for the loan to be processed either.

These lenders also offer you a very fast turn around time. If you can get the money in 24 hours or less that is great. However, you may need it sooner than that. There are some 1-hour lenders out there and even some 15-minute lenders that you can turn to. You can see how quickly you need that money and use that information to help you select a lender that can get it done.

Offering great repayment options is also something that the best lenders are able to do. They know it can be tough to pay them back all at once, especially if you don’t make very much money per month. The installment payments make it possible for you to pay them back over time. This doesn’t take as much of your earnings at once and that is very nice to benefit from. There should never be any penalty for paying those payments off faster than you agreed to either.

Always look over the reputation of the lender too so that you get the best one to work with. If you explore reviews online and find a lender has been getting great feedback from other customers they may be one you wish to work with. If there are tons of negative comments though you really want to avoid working with them. Check out the BBB too and see if they have any complaints on record. That can be an indicator a particular lender isn’t as good to work with as they would like for you to believe.

You can be sure you get the best personal loan out there by paying very close attention to the details. Spending just an hour or so looking at information is really going to cut down on what you pay back to a lender.

It is also going to help ensure you are matched up with a lender that can offer you the amount of money you need. At the same time, you can get the money very quickly. Don’t leave the door open for you to get taken advantage of by any lender, know what you are up against.