Consolidation Debt Loan

A consolidation debt loan can help an consumer manage bill paying and accumulated debts by combining all balances into one payment a month to a lending company. By consolidating, consumers may also save money with a lower interest fee and no late fee payments. Debts are an increasing concern in America, as millions of Americans are finding that excessive bills and loans are not only causing family stress, but financially limiting their futures. With consolidating, a family can begin to improve their finances to income ratio and start to improve their credit score or rating. Many Americans are researching consolidation debt loans and finding this avenue to be a very workable debt reduction process.

There are several companies and agencies that address payment reduction and credit counseling to help consumers get finances under control. One avenue that is offered by these agencies is consolidating. A consolidation debt loan is a lump sum of money that is borrowed to pay off all other unsecured amounts held by the consumer. Consolidating should be acquired with a lower interest rate, saving the consumer money in interest and late fees. The consolidation debt loan is also paid once monthly, allowing the consumer easier management of bill paying. Using consolidation debt loans has become a simple and popular means for getting one's finances under control.

As a consumer pays his or her consolidated balance in a timely manner, their credit rating will begin to improve. However, it does take several months. Consumers should have their credit professionally monitored during this time period. Also, with monthly, on time payments, a consumer's financial obligations will begin to decrease. No more late night phone calls by creditors or harassing and threatening letters. A consolidation debt loan can bring peace to the family again, and cash flow for living expenses is improved. Millions of Americans are finding consolidation debt loans to be the best answer to their credit and financial issues.

Before signing papers with any loan company or making a commitment to a financial company, it is best to seek advice from those one trusts. The Bible advocates that we always seek wise counsel when facing decisions. Proverbs 12:15 tells us that, "The way of a fool is right in his own eyes: but he that hearkeneth unto counsel is wise." Regardless of the circumstances that surround excessive debt, it is always wise to speak with experts and trusted loved ones before making crucial decisions about consolidation debt loans.

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Debt Card Elimination

A debt card elimination is the greatest need among Americans who face a mountain of debt accrued through various credit cards offered by companies that receive over 65 million dollars in credit card earnings. Approximately one third of that is earned through late fees and other charges, making unwise consumer use of credit cards a major household waste. In order for anyone to take charge of spending through credit cards and to find credit card debt relief, it is necessary to commit to some method of eliminating bills that is realistic yet, effective. Knowing which option is the best may take some research of companies that offer solutions.

There are many non-profit organizations and financial relief companies who offer financial services specifically aimed at eliminating balances. A non-profit agency that offers help in debt card elimination is a consumer credit counseling service. These agencies have helped many who come to them financially desperate regarding creditor debts. Some have received their help, but consumers should be aware that they receive funds from creditors. These agencies can help the consumer find lower interest rates than the existing card charges and lower monthly payments allowing the debtor to pay off cards earlier. However, credit card companies route a portion of payments back to the credit services.

When attempting to eliminate overdue credit accounts, it is wise to choose a debt relief program that has no conflict of interest between the debtor and the creditor. Debt settlement and consolidation programs only deal with creditors on their client's behalf and they receive no kick back for services providing assurance that the debt card elimination is the only concern. Debt negotiation companies receive their fees through a percentage of the lowest negotiated pay off, providing motivation for their negotiators to settle as low as possible. A client can save as high as 70% on the total with this strategy through consolidation. All parties win through this renegotiation of the original creditor's contract with the consumer.

Another program includes consolidating all debts in order to be paid off in one lump sum by a consolidation loan made possible through home mortgages, second mortgages and other viable client collateral. Usually a consolidation loan offers a lower interest rate than credit card companies, which can be as high as 24%. Multiple credit card payments are no longer required, because one, lower monthly loan payment replaces the debts. The savings can be significant and satisfying to lender, client and consolidation program. The advantage of each debt card elimination program will have to be determined by the client through proper financial counseling provided by many financial sources. Consumers must look for the business or non-profit website that interests them the most for more information. "In the day of prosperity be joyful, but in the day of adversity consider..." (Ecclesiastes 7:14)

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Tax Debt

Tax debt in the United States is estimated by the IRS or Internal Revenue Service at $112 billion dollars and growing due to inadequate staffing to work on the collections of that debt. They are no laughing matter because when an individual has this problem and any type of collateral, the collateral can be forced to be liquidated in order to pay the bill. Recently the IRS has been given the ability to hire private collectors as part of the American Jobs Creation Act of 2004. Private tax collectors can keep as a commission 25% of any tax debts that are collected.

Many believe that outsourcing the collection to be a bad idea. Some collectors are very abusive, deceptive and use illegal means in order to attempt to collect. The FTC or Federal Trade commission received 34,543 complaints from consumers about collectors last year. That number is expected to rise. Unacceptable tax debt collection techniques include; calling all hours of the day and night, using obscene abusive language, calling borrowers at work, threatening jail time or other actions the collector can't legally take, and revealing alleged tax debts to a third party including employers, parents, children, friends, and neighbors.

Another reason why outsourcing is not as effective as the IRS utilizing their own collections department is the fact that the IRS has more legal right to collect in ways that private collectors do not. The IRS can garnish wages, private tax debt collectors can't. The IRS can also retain a portion or an individual's entire federal tax refund, tax debt collectors can't. The IRS has the right to demand the sale of collateral, such as homes, cars, and boats and the option to remove money directly from bank accounts. If an individual finds themselves in the midst of tax debts, it is advised to seek professional help as soon as possible. In the Bible, Romans 13:8 says "Owe no man anything", this includes taxes.

Collecting these funds are a fundamental function of government and it has been noted that outsourcing this function to private tax collectors reacts badly with the IRS's already negatively perceived reputation. For example: California referred over $2 Billion dollars to private collection companies in the past, only $50 Million dollars or less than 3% was recovered. The state of California paid $5.5 Million dollars as commissions to collectors plus additional administration expenses. This does not seem an effective way for the United States government to collect from the public.c

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Debt Management Credit Counselors

With debt management credit counseling, those receiving counsel will find ways to manage finances and reduce financial obligations. With debt to income ratios out of balance, families across America are seeking debt management credit counselors. When using the assistance of counselors, individuals and families can use a variety of methods and processes to help them reduce their obligations and free up the household cash flow. There is help available through a variety of programs and agencies, and some offer services at no charge. Thousands have used these programs and are now living, if not debt-free, then within the means of their incomes.

With the introduction of unsecured credit to the world, came the introduction of debt management credit counselors. Many counselors will advise consumers about how to reduce, negate, and manage their finances at a specific level their income can handle. There are testimonies of individuals and families who have discovered that excessive spending can be cured. And, of course there are situations where increased expenses were the result of untimely circumstances. But, the end result of too much money owed and too little income is always the same, with phone calls and threatening letters about unpaid bills. This is when debt management credit counseling is needed.

Whatever the reason for a financial problem or crisis, debt management credit counseling can help. Some debt management credit counselors will explain credit reports and how they work. Others will guide a consumer through a series of reduction methods. This will help negotiate lower interest rates and better terms for their clients and customers. There are agencies that will even offer consolidation loans and packages to their clients. Christian Credit Counseling is also available and there are non-profit debt management services that are sponsored by the government and will cost their customers no money at all.

Getting advice and counsel is wise and instructed by the Bible. Proverbs 12:15 says that, "The way of a fool is right in his own eyes: but he that hearkeneth unto counsel is wise." Getting someone to guide through troubled waters, even financially troubled waters can save a consumer time, energy and money. Beginning the journey of debt reduction and taking control of finances with debt management credit counselors can begin the journey to financial freedom. The Internet is a great place to start this journey with a wide array of companies and services that offer financial assistance programs to consumers in need of help.

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How To Get Out Of Debts

Knowing how to get out of debt can be hard for a consumer, especially with the many different methods and options that are available. Most people do not have the financial expertise or the knowledge to know how to get out of debts without some outside assistance. This is a great reason to seek help from a financial counselor or advisor. There are a variety of organizations and agencies that offer services to help people create budgets, plans, and strategies for seeking financial freedom. Taking the time of find the right program may be difficult, but will be well worth the effort.

Knowing how to get out of debts may seem like a problem that is overwhelming for an individual. Like most situations or problems in life it is important to go to Jesus Christ with this, and all, problems. A consumer can earnestly seek Jesus' advice as to how to get out of debt. Through out the entire Bible Jesus encourages Christians not to worry about life but to trust Him. This is the perfect opportunity to heed the words of the Bible and place this in His hands.

Jesus instructs Christians in His Word to: "take no thought, saying, what shall we eat? or, what shall we drink? or, Wherewithal shall we be clothed? (For after all these things do the Gentiles seek:) for your heavenly Father knoweth that ye have need of all these things. But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you."(Matthew 6:31-33). Jesus wants to provide and help His people, even in assisting Christians with knowing how to get out of debts.

A person might also want to follow a few additional steps as they learn how to get out of debt. They may wish to list all of their obligations starting with the smallest to the largest. It would be advisable to pay off the smallest amounts first and work the way up to the larger debts. In addition, the consumer may wish to create a budget. It is important to create a budget that allows someone to live below their means. This will help an individual to not to use credit cards continually. Eliminating high interest credit card payments will save a considerable amount of money.

There are both secular and Christian financial counseling organizations. These organizations can assist and teach anyone how to get out of debts. Some of these organizations will help the consumer create a budget or will issue a loan to consolidate all of debts. Knowing how to get out of debt is not an unreachable goal. With patients and determination, a person can self educate or seek out professional assistance to learn the best plan of action for their personal financial situation.

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Tax Debt Relief

Tax debt relief is needed for persons who have failed to file returns and therefore are being pursued by the IRS for compensation of back taxes. These back taxes are based on "Substitute For Return" (SFR) filings which the IRS filed for those negligent in doing their own. These returns are constructed from the W-2's and other notifications of income that are filed by employers to one's social security number. Professional assistance is needed especially when returns are left to the government's SFR's over an unspecified period of time but is marked by significant amounts owed and repeated attempts by the IRS to gain repayment that the taxpayer ignores. Relief from tax debt will often require litigation and a professional attorney experienced in this kind of debt. Relief is possible without imprisonment; however, criminal suits are possible and imprisonment assessed at one year of incarceration for each year of unfiled taxes.

Delinquent taxpayers become targets of an IRS investigation for numerous reasons. Other than deliberate refusal to pay taxes, those unpaid taxes are the result of misunderstandings of tax law code, death in the family, a serious illness, not enough money to pay what they owe, failure to withhold enough from their pay, changes in financial circumstances, among other reasons. Taxes still are due regardless of any situation. When the IRS has attempted to get a delinquent taxpayer to make good on his end without success, the alternative action - following repeated notifications, penalty accrual, wage garnishments - is prosecution. Tax debt relief is available by requesting the IRS Taxpayer Advocate Program or seeking a professional attorney for help.

Tax debt relief covers several aspects of assistance: wage garnishment, innocent spouse involvement, bank levies, bankruptcy, payroll tax problems among other situations. Ignoring these situations from the time they begin is usually the greatest reason that people end up in this kind of trouble. It cannot be stressed enough that taxes are an unavoidable part of the American income system, and despite one's loathing of the system, if the duty to pay is ignored or refused, an accountability will be required. Unpaid taxes will eventually be criminally prosecuted unless the problem is addressed and assistance is sought.

Jesus set the example for taxpayers when He replied to the trick question posed about the tribute money to the Roman Caesar. "But Jesus perceived their wickedness, and said, "Why tempt ye me...Render therefore unto Caesar the things which are Caesar's; and unto God the things that are God's" (Matthew 22: 18,22). Avoiding payment to the government its just due, which is primarily used to provide for the common good, is sin. Circumstances that cause unavoidable delinquency are still unacceptable, but can be negotiated with professional tax debt relief assistance. Instead of ignoring the situation, a responsible taxpayer will find a way to eliminate the problem and get back to a responsible state of affairs with God, the IRS and Country.

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Debt Relief

A debt rescue is a program that companies will offer to help manage current bills, and help avoid future excessive financial issues. When unforeseen circumstances enter life, the bills are piling up and the creditors are calling, then perhaps a debt rescue is what is needed. There are millions of people experiencing financial struggles, and now there are programs springing up all over the Internet that will help consumers implement a plan to lower interest rates, or consolidate, or wipe the credit report clean with cash settlements.

This type of program can be a number of different methods in reducing debt, or reducing the accumulated interest rates of several overdue credit card payments. A debt rescue can also include obtaining a single large loan at a lower interest rate than the accumulative rates of several cards. This pay-off loan, or consolidation loan can be used to completely pay off outstanding credit card debts. Debt relief can also come in the form of removing certain debt off of the credit report.

These services may be needed because of an unexpected illness that has caused medical bills to overwhelm a financial situation. A debt rescue can bring the relief and opportunity to start again, even for those who have over-spent. It is not just for those in an immediate crisis; Debt relief can aid those who have made bad choices in the past, but have learned to live within their own income means.

With so many people struggling under the weight of excessive debt, agencies are springing up to help tackle the mounting problems brought on by unresolved financial issues. Also, the Lord can be a great help and comfort in trying times. The Bible encourages us to always draw near to the Lord in every circumstance, for He is our hope. If someone is experiencing financial problems, pray and ask the Lord for guidance. "Therefore my heart is glad, and my glory rejoiceth: my flesh also shall rest in hope." (Psalm 16:9) When seeking the Lord, seek the ultimate hope for the future. Getting a handle on what seems like a hopeless situation will seem minor when trusting in God to carry a person through and knowing He has an ultimate plan for their financial struggles. When hiring a company for debt relief, or a program, this agency may contact creditors and banking lenders and negotiate for cash up front settlements for sometimes up to 50% of the original principal.

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International Debt Relief

The topic of international debt relief is highly controversial. Campaigns to change the economic status and bring relief to underdeveloped countries began in the 1990s. Not until the late 1990s and early into 2000 were more initiatives and coalitions developed. The past decade shows changes brought to economically challenged countries through businesses, organizations, and movie actors. For example, a few organizations and actors have created methods to help the less fortunate in underprivileged areas. These methods include food supplies, medical teams, and services for children. Movie stars spend time and effort to establish organizations to bring change. Some actors even spend their time in the underdeveloped country trying to bring change by being actively involved in the change process. Other actors use their publicity to bring the underserved countries to light. Even royalty has been involved in the process to bring recognition to the plight facing other countries and be involved in change processes. Only they would that we should remember the poor; the same which I also was forward to do (Galatians 2:10).

International debt relief are brought by initiatives that provide help with debt and poverty relief while bringing about social change that will produce positive change to the economy. While the debt relief does not solve the problem facing the country, assistance brought in begins a trickle down affect that provides liberation to the population. The aid provides some to total debt forgiveness. The reform that occurs from the aid affects communities by establishing public services and utilities such as electricity and water. The hope with providing help is that the growth of debt will slow or totally stop.

For a place to be eligible to apply for international debt relief or forgiveness, important factors need to be in place. A country must show a vast financial burden and meager financial circumstances. A country must also develop and produce a plan for economic growth and stability after balance absolution. The developed plan must show the potential for social reform in a very apparent manner. The plan must also depict a strategy for the reduction and possible total elimination of poverty for present and future generations. The applicant must then demonstrate the ability to be proactive and show a positive performance in accomplishing the goals set forth. If after a one-year period passes and the applicant have proven them self worthy, the country will then be eligible to receive partial or total debt forgiveness.

However, the controversy begins. Some experts argue that partial and total debt forgiveness helps and should occur. Other experts disagree. Good questions surface in viewing the aspects surrounding international debt relief. Government personnel and various organizations argue and question each other. People look at the economic situation and wonder who is stuck paying the balance. If loan forgiveness occurs, who pays? It becomes a Robin Hood scenario, robbing the rich to give to the poor. The argument rises that the country left paying for the unpaid balance of an economically challenged country is an industrialized country. The industrialized nation then decreases public services provided to their inhabitants and then needs to raise taxes to cover the extra expenditures.

One of the problems facing international debt relief is the corruption found at government and other official levels. Countries insist that previous governmental agents caused the current strain on the fiduciary means. Other nations claim corruption of the military serving the nation. Therefore, the argument remains. How can international debt relief provide reprieve? Various coalitions say that conditions need to be attached to the aid while other organizations say no conditions should be added. While reducing spending and deleting balances is an ideal situation, the reduction process could adversely affect the citizens of the nation. Reduction of the spending might affect what monies help to fund health, welfare, and education. Corruption in government agencies has led to cooked books with erroneous facts of the financial plight of the nation. One bad apple can spoil a whole basket. Because of the corruption found in the politics of some authoritative figures, providing help with loan forgiveness causes the need to incorporate tough preventative measures.

Coalitions dealing with the welfare of other nations see a variety of bad apples in the mix of financial hardship. Crooked administration also brings bad policies, fraudulent loans, and poor loans into the economic jumble. While corrupt government creates create havoc on the financial history, the lack of proper government and rules creates civil unrest thus leading to a continued break down of civilization. Each factor affects another and produces a weak economy, blocks progress, and produces the opportunity to continue in the path of economic dependence. With so many challenges, rallying for international debt relief is hard.

Many businesses, people, coalitions, and other agencies support the need for international debt relief. People acknowledge that support and debt forgiveness encourages and enables better management of fiduciary accounts, provides opportunities for growth, and promotes social progress. The idea to support third world development continues to rise and progress is occurring. Suggestions for development and encouraging fiduciary growth bring new challenges and opportunities. One topic in discussion and being implemented involves new import and export methods, thus hopefully creating new jobs, raising economic stability, and providing new and different goods and services to struggling places. Another means of support involves creating newer and better loans to improve the financial structure of the people. Besides financial and other economic changes, improvements are being made to improve living conditions. Improving living conditions could have a ripple effect too, thus affecting positive change.

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Debt Credit Counseling

A debt consolidation and credit counseling service may be the answer to how people who have suffered serious financial shortages can restore their credit rating or reduce the monthly payments that are burdening them. Whether a job loss or serious illness is the problem, or unexpected expenses not covered by insurance have left a debtor short of cash, a counseling service can provide the lifeline out of this quagmire. Creditors usually will not deal with the debtor to reduce the bill, but a third party can often get results. A financial counselor is an effective third party. Utilizing this service will provide the consumer with lower interest rates and lower monthly payments. "Take counsel together, and it shall come to nought; speak the word, and it shall not stand: for God is with us." (Isaiah 8:10)

Counselors can establish an account where the debtor's payments are deposited, and the service then distributes the money to the various creditors. This arrangement can be set up for three to five years. At the end of that time the debtor will have paid all his creditors, and will be debt free. During the time current bills are being paid off, no credit purchases are allowed. Any debt consolidation and credit counseling service will require the debtor to divest of all credit cards. It isn't hard to find a credit counseling service, especially with the help of the Internet. A debtor should ask questions of any service he is thinking of engaging to be sure he is not being led to bankruptcy court. Bankruptcy leaves a debtor with a bad credit rating for a long time. There will be the added cost of a bankruptcy attorney. It should be an absolute last resort.

In an effort to prevent this from happening again, especially if some of the debt has been the result of simple over consumption, the debt consolidation and credit counseling service will counsel the debtor on better ways to handle his/her finances. For most, it is a matter of establishing a budget that is used at all times. Priorities for spending are recognized, and "wants" separated from "needs," as a first step. The credit counseling service is probably the first instructor in financial responsibility that many debtors have had. If it hasn't been a priority in the family they came from, they were not taught fiscal responsibility. Once a debtor has benefited from these services, they have the tools for a financially secure life.

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Debt Consolidation Plan

Debt consolidation plans can enable a debtor to reassess their financial position, beginning with the use of a budget. Listing all assets and income against monthly expenses can provide an idea of what the greatest financial needs may be. Most creditors have their own established plans of repayment, and when a person finds they can't meet those, they may need a debt consolidation plan. The use of such plan can be the first step toward regaining the financial ground lost.

By evaluating the budget and curbing needless spending a person can develop the most personalized steps available. No one knows each persons financial and personal life better than himself or herself. Working with someone who is a professional financial adviser and a Christian is a great start for starting a support network for the journey to a debt-free life. Having patience and trust in a plan and God are definite ways to see a person succeed. The important thing to know is that there is always a way to make a better financial life.

This route can operate in several ways. Some debt consolidation plans require home ownership and consolidation by taking out what is in essence a second mortgage on that home. With the borrowed money to pay off all unsecured creditors and only the one payment to the second mortgage holder rather than many payments to creditors. The advantage to this type of debt consolidation plan is that the creditor will probably end up with more money left over at the end of the month than before. Some options for a debt consolidation plan are similar in that they operate by taking out a personal loan and paying off the other debts with the same end result. Romans 13:4 says "For he is the minister of God to thee for good. But if thou do that which is evil, be afraid; for he beareth not the sword in vain: for he is the minister of God, a revenger to execute wrath upon him that doeth evil."

Probably the best option will have someone work with a counselor who will negotiate with creditors and maybe get a reduction in amounts due. The debtor will agree to deposit a certain amount into a fund each month, and the counselor will use it to pay off debts. These debt consolidation plans enable a person to predetermine what they can pay. After researching the subject, someone may discover debt consolidation plans can be the best defense against the crippling debt accumulated.

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Debt Consultation

A debt consultation is made up of a debtor and a third party service provider, to evaluate debt to income ratios and devise a budget plan to relieve the debtor of obligations. Debt consultations are usually free of charge for the first visit, and depending on the organization, free of charge for all subsequent visits. If the third party works as a middle man between the creditor and the debtor, then a commission for this service may be required.

This commission tends to be paid by the creditor, if they receive money because of the debt consultation service company's efforts and followed an elimination budget plan. If the creditor does not receive a settlement payment or an agreeable payment plan, the commission rate will fall on the shoulders of the debtor. Professionals assisting with debt consultations try very hard to eliminate the possibility of debtor paid commissions. After all, the debtor is in trouble already because of money, the added stress of cash flow needed to get out of credit problems is a wicked circle.

Seeking the help of a consultant could also be a precursor for a decision to file for bankruptcy. In this case the debt consultation is done by a lawyer. This most definitely will cost the debtor something, assuming that the attorney is not a free working non-profit attorney. If money from debt consultations is an issue, there are many agencies and organizations that offer free services. The consumer must be sure to check with the BBB or Better Business Bureau before enrolling with any company offering this service. A consumer does not want to be pitched for a sale; they want to create a plan to get out of debt.

"Give us help from trouble: for vain is the help of man" (Psalm 108:12). The process of seeking assistance will lead the individual to creating a plan of action. An evaluation of what obligations, how much, and why money is owed will allow the consumer to understand their situation better. This will allow the individual to determine which financial management route to pick. If a consumer finds themselves in need of more thorough debt consultations, resources and links can be found online, in newspapers, in the phone book, and in county social service agencies. Attending a debt consultation meeting may be the deciding factor in recognizing that there are bad spending habits within the household and additional help may be needed.

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Pay Off Debt

A person must pay off debts to find peace of mind by lowering or eliminating the amount of financial obligations they carry. A restless night never fails to occur when worries overcome what is meant to be the time of rest and renewal. When one finally can pay off debt, the overwhelming relief results in the sweetest night's sleep imaginable. This takes a strict plan and determination not to be swayed back into the dark side of spending without a budget. The budget strategy is perhaps the most effective means to live within ones income.

The performance to pay off debt built upon credit card offers is the hardest disappearing act on the face of the earth. Paying for bills that have accumulated over a period of months or a period of years becomes harder as time passes. Not only will money need to be found to pay off debts of credit principal, but the balance has steadily increased by additional finance charges and other company fees. The total amount needed will have doubled or tripled depending on the length of time, the types of charges incurred, and the manner in which the account was handled.

The impact for paying back money borrowed for major purchases from banks and credit unions is not so traumatic, although just as difficult if the borrower has overextended their income to debt ratio. Rates charged by these institutions seem reasonable until someone with a poor credit history applies. The poor credit risk borrower must suffer the consequences of being charged a rate of interest sometimes double what a good credit risk borrower will be charged. Ironically, this system makes it more difficult for the person who needs the most assistance to pay off debt. Once a person becomes desperate to pay off debts, their opportunity to do so becomes nearly impossible to attain.

Like a flood that rises and covers over the house built too close to the river, so also is the borrower who stays too close to the creditors' fountains of finance. It should be a borrower's priority to pay off debts that cause worry and stress. When attempting to repay loans and other obligations, trusting in God to bless the determined efforts can draw ones focus on Him and His help: "Deliver me out of the mire, and let me not sink: let me be delivered ...out of the deep waters. Let not the water flood overflow me, neither let the deep swallow me up. Hear me, O Lord; and hide not they face from thy servant; for I am in trouble" (Psalm 69:14-17) A person must make the priority to pay off debt and when the goal is won, the world becomes a much freer place to live and enjoy.

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Consolidation Non Profit Organizations

Debt consolidation non profit organizations are established to do the work of helping debtors to eliminate their debt to creditors, but without placing additional financial burden on those whom the consolidator represents. A debt consolidation non profit organization does the same negotiation and management work as other financial managers, but deal with clients with compassion, and without need for high fees.

These non-profits can be found in major cities and online. A debtor applying for assistance from a debt consolidation non profit organization will be asked to provide a complete financial profile that may be embarrassing to the debtor at first. However, these consolidators are very sensitive to the confidentiality of this information. This information will be used only for the work of the consolidators, and will not be sold or traded with any other entity. This is a significant difference from for-profits businesses that use source information for mailing list distribution even though legally they must protect the client's financial situation statistics. Debt consolidation non profit organizations work to protect their clients completely.

Many of these companies are staffed with personnel who have experienced similar embarrassing financial circumstances. Therefore, these debt consolidation non profit organization employees can empathize with their clients and are also knowledgeable with how to reconcile debt from first hand experience. The most effective debt consolidation non profit organization professional's help is that which comes from personal understanding. No amount of training can ever replace the human experience. The company's personnel are trained to deal with counseling others, but their practical experience makes their negotiations effective.

Just like non-profit consolidators, pastors and spiritual counselors deal with their congregation members and others who seek their assistance in similar ways. The work of counseling is done with compassion, wisdom from extensive training, and is most effective when they have experienced the same circumstances. This personal understanding can help explain the trials that humans endure. Those who come to understand the purpose of each trial as an opportunity to help another person with similar problems, become the most effective pastors, counselors and Christians. Sometimes debt consolidation non profit organizations lack this special touch.

Herein, also, is the reason for Jesus coming to earth: "He is the head of the body, the church; who is the beginning, the firstborn from the dead: that in all things he might have the preeminence. ...and having made peace through the blood of his cross, by him to reconcile all things unto himself". (Colossians 1:18,20) "For to this end Christ both died, and rose, and revived, that he might be Lord both of the dead and living". (Romans 14:9) Just as Christ experienced humanity so He could be our intercessor in Heaven and bring us peace in the midst of our sorrows, so also do debt consolidation non profit organizations seek to effectively relate to those whom they counsel for a positive financial resolution.

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Debt Help Service

Debt help service organizations attempt to evaluate an individual's financial situation and create a realistic solution to begin the process of eliminating financial hardships with the cooperative efforts of the debtor. Assistance programs are offered throughout a variety of locations and specialize in one or more financial problem elimination methods. These types of organizations have established business relationships with common creditors and are familiar with the limitations the creditors have with regard to negotiating a debt balance or a repayment plan. Many of these places are non-profit and offer the assistance free of charge to the debtor.

In America, the average household is holding $18,000 in financial hardship, and that does not include mortgages. It is said that consumers' money problems totals over two trillion dollars. This is an outstanding amount, as these monies become due, there will be an even greater demand for a debt help service. These various assistance programs require a debtor to organize and keep records of their spending habits. Many use a debt help service to create financial reduction or elimination plans, but these methods should be tailored to each individual's particular situation.

One size does not fit all. For example: A debtor that gets a consolidation loan through debt help services, to pay off the amount owed, and then has one manageable monthly payment chose the right method. A debtor who has racked up their credit cards because of uncontrollable spending, should not get a consolidation loan to pay off the credits cards. The second debtor is in danger of racking up the credit cards once they are free from any balances, only this time they have an additional payment on a large debt consolidation loan. A financial assistance program will be able to evaluate each situation and offer specific advice to solve specific financial health problems.

Before enrolling in any debt help services, check the BBB or Better Business Bureau for the rating and review any complaints. The most important quality debt help services can have is that of proven success and accountability. Also, one ought to follow the advice laid out in Proverbs 16:16 which states, "How much better is it to get wisdom than gold! and to get understanding rather to be chosen than silver!" Making changes to a personal financial portfolio can be a daunting and sacrificial task, but the feeling of freedom gained from financial reduction and elimination is worth the time, effort, and sacrifice a debtor can put in. Debt help service organizations are ready, willing, and able to help those who want to get out of trouble and stay out of financial hardship.

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Debt Management Consolidation Software

Debt management is a great way to financial freedom for those who are serious about paying off everything owed to creditors. A financial management plan will help a consumer organize bills, organize payments and develop a repayment schedule. Consolidation software allows the user to track payments, run reports, and create budgets all on a home computer. This software takes the principles of financial management and automates the process. If someone is looking for an accurate way to systematize payments and expenses, they should consider a computer program of this nature. For a clear direction to develop a cohesive budget, these tools can assist with reaching the goals of financial independence.

Financial advising services are offered through many resources. There are non-profit and for-profit debt management services available. A quick search of the Internet will bring back thousands of results. If someone is new to debt management and they do not feel comfortable doing it without professional assistance, they might think about hiring an organization that specializes in this service. It is very important to consider the cost when using a company because it could add tremendously to an already escalating debt. An individual will not want to find that the cost of a program or system will increase current obligations.

Those more at ease with the computer will find using consolidation software will facilitate the process. This is available through many retailers and the consumer should thoroughly research what they want to do and make sure the consolidation software has all the features needed. There are also programs that can be accessed and used online without having to load anything on a personal computer. This allows anyone access to their financial information from any computer with Internet access. A program of this nature is very convenient and easy to use.

No matter what plan of action a person chooses, they should make sure it fits into their lifestyle. If they don't want to make a commitment to a debt management plan, it will never work. The consumer could end up building more debt. This is a wonderful thing if wisely used. If can free a person from financial obligations to live a debt-free life without the constant harassment of creditors and guilt of past due notices. Programs that utilize consolidation software can help a person gain what they long for, including peace of mind. "Finally, brethren, farewell. Be perfect, be of good comfort, be of one mind, live in peace; and the God of love and peace shall be with you." (2 Corinthians 13:11)

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Debt Problem Advice

Debt problem advice is available from a number of sources, but after listening to all of them, the answers and solutions are all nearly the same with few exceptions. There are plenty of online sources ready to help counsel, consolidate debts and other provide other ideas, but the simple fact of the matter is the debtor has to take the raging bull by the horns and act! Simply sitting by and being run over by big banks and their outrageous usury policies will only bring more and more misery. Debt problem advice is plentiful but the options for squashing the fiscal liabilities are very clear. Clear also is the exclusivity Jesus claims as the only way a person can enter heaven. "Jesus saith unto him, 'I am the way, the truth and the life; no man cometh unto the Father but by me." (John 14:6)

The discussion of fiscal liability advice always begins with steps the consumer can do right away to put a dent in the borrowed money mountain. And by the way, this first step will not hurt someone's credit history and will not cost the consumer a long term credit disadvantage. The first piece of debt problem advice given by many is to end the excessive lifestyle and start selling everything but the bare necessities. Many people drowning in financial liability are doing so because of unsecured loans such as signature loans, charge cards and credit cards used to buy really unneeded stuff. . Getting serious with unsecured borrowed money obligations begins with an infusion of cash to start paring down one of the card's principle, and selling off that stuff is the start. If the entire family is in on all the information from the start, even the children will be more likely to buy in and own the sacrifices about to be made. Taking that money and placing it on either the principle of the highest interest account or the card with the lowest actual balance is a great morale booster.

Getting a second job and putting all the wages earned on a credit card principle is also a great way a consumer can make fiscal liabilities go away without outside intervention. But sometimes the selling of possessions and getting a second job aren't possible. However, don't feel alone in this very American dilemma of heavy financial obligation that so many people face. Almost every debt problem advice source cites Federal Reserve statistics that credit debt has chained millions of Americans to a paycheck to paycheck existence and as rising prices for everything continues, desperate measures are being sought for escape. Of course, the careful planning of a budget and sticking with it is crucial in helping to make these first down-to-earth solutions work. Many people who themselves mired in heavy financial obligations never have had a budget, let alone abide by one.

The freshest debt problem advice comes in the form of the debt relief network that offers to actually assume a consumer's total unsecured loan debt through a legal contract. For a onetime fee, the network will not only assume the fiscal obligations, but will begin a legal wrangling with the creditors until the iability is dismissed within a one year average period. The consumer may be subjected to some temporary collector calls and credit report smears, but the network promises to put a clamp on collectors and that all negative credit report initiatives will be erased. It's a fairly new concept and one that is quite radical, very legal and has a verifiable track record. There are some questions that Christians might have before approving such a strategy, but they are personal ones that can only be answered by the consumer's own spiritual journey and all references for a company should be verified before entering into a transaction.

The next option that debt problem advice dispensers might give is getting a low interest home equity loan to cover high interest revolving accounts, but frankly, that doesn't really solve the financial liability issue; it will only make the existing debt more comfortable with which to live. Given that option as being unworkable, that would then lead to the suggestion of considering credit counseling as a possibility. Online non-profit agencies plus others located all across the US in towns and cities are ready to help the consumers negotiate with all credit card lenders to lower the interest rates. The agency consolidates the loans into one much lower payment than had been previously paid which also gives the consumer more money each month. A person's credit score will be hurt in this action, but it a respected way to work out of financial liability within five years.

The most drastic option is really not on anyone's debt problem advice column. It is chapter seven and chapter 13 bankruptcies. They are a ten year credit reputation prison sentence. They are drastic, they are mind-numbing and they are resorts only few people need to take in order to solve their debt issues. In fact, unless someone is at or below the median income line in their state of residence, it won't be allowed under any case. Debt problem advice dispensers never really talk about the very heart of debtor's disease, but American materialism is the fuel that fans the flames of raging debt. The lusting after the newest, the best, the shiniest, the most up to date, the current and the hip makes us sacrifice the best for the pleasure of having what usually turns out to be that which breaks down and rusts and goes out of style.

For more information: http://www.christianet.com/debtrelief

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Credit Card Debt Program

A credit card debt program is sorely needed by many Americans who have gotten into very high unsecured loan debt. Unfortunately, too many people have chosen to live above their income means and the result is a mountain of revolving charge account borrowed money. And if not another purchase is bought on any account and the minimum payment is made, the debt will clear just about the time term limits are voted in for members of Congress. Those mired in steep plastic card liability will find there are two ways out. One is to let a credit counseling company assist, which has its own set of problems, and the other is develop a plan oneself.

A debt counseling service exists everywhere; online with dozens of choices, or perhaps on a street in a town nearby. Many of these services are non-profits which means they started out with the intention of truly serving the public. But make no mistake, both profits and non-profits in this business make money, and even some non-profits have lost their way when it comes to genuine service for the client first. These counseling services offer a credit card debt program designed to get a client out of financial liability within five years. Every company and agency has a different name and a different looking website, but their credit card debt program is the same from company to company. After getting a lot of personal information from the client, these counseling services through negotiations with the card lenders, will cut monthly payments down to between fifty and sixty percent of the original expenditure. These lower payments are due to much lower interest rates and if the client continues paying for the full five years, revolving account obligations will be wiped clean within five years.

But there are a couple of things that are a prickly reality when using a credit counseling service. First, only about thirty percent of clients who begin using the program stay with it to the end. Let's face it; if a person needs a credit card debt program, he has lacked the financial discipline to say no to luxury items that were outside the consumer's income means. Examples would be eating out a lot, a large screen television, that DVD collection, really nice vacations, weekend getaways, some extra clothes or a few expensive pairs of shoes and many other things that just weren't possible unless the plastic was pulled out and scanned. But the problem comes when a person enters into a credit card debt program and the client must discontinue the use of credit cards. The ability to charge without prejudice was an inbred behavior and for almost seventy percent of clients, a behavior that could not be overcome.

The second even more serious drawback to credit counseling is the damage it will inflict on a person's borrowing history and the resulting score. Since chapter thirteen bankruptcy and credit counseling have the same basic idea, that is giving the consumer a plan around the current plastic card lenders' requirements, they both put a large black smear across credit histories that will remain for years. The result for the consumer in either case is more trouble getting future credit when really needed, such as a mortgage and much higher interest rates for the loans that can be obtained. A credit card debt program that requires negotiations for lower payments on charge account debt will hurt the consumer in the long term. God requires that we love Him more than any other thing or person. Jesus made that very clear with these potent words: "He that loveth father or mother more than me is not worthy of me; and he that loveth son or daughter more than me is not worthy of me." (Matthew 10:37)

But anyone can do a number of things to craft their own credit card debt program and wrestle that debt doggie to the ground and tie it up for good. These first suggestions are not fun, not without some pain and certainly life will be different for a while during the implementation stage. Here is the first thing to do: get busy and sell a bunch of stuff! Clothes, furniture, car, boat, jewelry, electronics can be put on EBay. Listen, lawn furniture in the living room can be kind of chic. Remember that debt decay will not be removed with a root canal. Secondly, and take a deep breath, an extra job nights and weekends with every penny going to debt reduction will be a huge factor in roping in that doggie.

A credit card debt program must include a plan of picking the card with the highest interest rate and begin working on that one first. Pay as much as possible each month on that one, far beyond the minimum payment. The other accounts can be paid with a minimum payment until that one is paid off. Then take the money that was directed toward that account and put it on the next highest interest card. Keep following that pattern until all obligations are obliterated and during all this painful time, have a real long mind forum about materialism in general. The recent bank and stock market upheavals may be an American wakeup call to for all people to get to a much simpler time when a person's character was much more valued than the neighborhood in which he lived.

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Christian Debt Relief

Christian debt relief sources are available across the worldwide web offering consumers solutions to longstanding financial problems. If experiencing suffocating, multiple payments every month, and bill payments exceed earnings, there are solutions available. If looking for ways to get off the financial treadmill and trying to keep up with the steady influx of overdue notices, don't despair. As a Christian, conviction of the way finances control one's life rather than the person controlling the finances is a much needed warning to stop, look and listen for advice that can help recover from the bondage that prevents the freedom to do Christ's work. Christian minded debt consolidation can offer help to resolve the financial crises.

There are several non-profit, Christian financial organizations that can help anyone find options for Christian debt relief. These agencies with a Christ-centered philosophy for the business provide financial education, counseling, practical solutions and accountability to anyone interested in aligning their individual and family money matters with biblical, financial principles. The foundational scriptural principle found in 1 Corinthians 6:19b-20a establishes God's ownership of everything a Christian owns and provides perspective for proper financial management. "...Ye are not your own...For ye are bought with a price...therefore glorify God...". Christians have the responsibility to align all areas of their lives, including financial issues, under the Lordship of Christ. A debt consolidation can be a great place to start in getting a handle on out of control borrowing and spending.

A Christian debt relief debt consolidation loan simply refers to a loan from a lending institution for the purpose of applying it toward the payoff of multiple debts. There will be only one low, monthly payment and one interest rate with which to contend. These debt consolidations have certain requirements that a consumer must meet in order to receive the loan. Collateral such as homes or cars are required to insure payback to the lender in case of consumer default. A good credit history is a plus as well as adequate present earnings. The final amount of the loan is also considered in approving the pay-off for unsecured funds.

Assess how much can be afforded in monthly payments by determining how much is owed, the amount needed to consolidate the multiple balances, monthly earnings, family living expenses and what collateral is available to be offered. Be sure to check with several financial services or business sources to find the best companies that offer low interest rates and reasonable monthly payback amounts for Christian debt relief. If credit is bad and there is no available collateral, there are some companies that can suggest appropriate options regardless of the individual's situation. Depending on how they are approached, a lender may be convinced of a borrower's sincere commitment to repay all outstanding account balances through their services. Thoroughly check out the best financial options and make God the center of all future financial decisions!

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Bad Debt

Bad debt is the name used by the Internal Revenue Service for money that cannot be collected, either from a business or a personal venture. The intention must have previously been indicated that a loan, and not a gift, of money has been made and is not collectable for some reason. Business bad debts are created in the course of doing business. A non-business bad debt is also considered short-term capital loss and must be totally worthless.

From a business stand point, these are accounts receivable that will remain non-collectable and will eventually be written off. They appear as an expense on the company's income statement, thereby reducing net income. Most companies make some allowance for this type of situation, as it is unlikely all accounts will be paid in full. Bad debts that were generated over a course of time, such as a loan to a relative, are generally not deductible from a tax standpoint. There are ways to handle finances in order to keep from falling in the bad debt cycle so easy to fall into and so hard to get out of.

There are many things that can push a person into the position of being over-extended and owe money they can't afford. The loss of a job, illness, a death in the family, or medical bills can easily push you away from a financially solvent position. This is the time when it is most important to trust in God. It is easy to get caught up in everyday life and forget who is really in charge, but keeping Proverbs 16:3 close to heart will help anyone remember: Commit thy works unto the LORD, and thy thoughts shall be established. Also, re-reading the creation story to remember how powerful God is can help keep visual images close to mind.

Some options to eliminate bad financial situations are consolidation, consolidation loans, credit counseling, and bankruptcy. Bad debt consolidation means lumping all bills together and trying to pay them off with one monthly payment. A consolidation loan is may not be the way to go. Credit counselors can help develop a program of saving and repayment, and bankruptcy is discharging bad debts. Bad debts can be overcome by credit counseling that leads to better debt management and eventually a way of life that is virtually debt-free. Using the various options open, establish a system of finances that doesn't allow going into debt striving to get out by using credit counseling or another option.

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Self Help Debt Negotiations

Self help debt negotiation is available for anyone who is interested in learning the art of reducing financial obligations without professional assistance. The Federal Trade Commission has established laws that allow all individuals fair and equal opportunity to receive credit and dispute errors. With this information, there is no need to pay someone else to solve credit problems. Self help debt negotiations can be utilized. This information will teach the individual how to deal with creditors and make settlement offers without having to pay the high price of debt negotiation services. The information that is gathered through these services will provide the self-confidence needed to approach creditors with assurance.

Consumers should beware of companies who charge a great deal of money for this service. With self help debt negotiation, the consumer can avoid the pitfalls so many people fall into when they do not understand the credit game. The consumer will not have to pay anyone for information because it is freely available through the Federal Trade Commission, non-profit agencies and the Internet.

The consumer must first retrieve a copy of his or her credit report before completing any further steps in their self help debt negotiations. If the individual has been denied credit recently, they can obtain a free copy of their credit report. It is important not to let companies that offer a free credit report online take advantage of the situation. These companies will supply the individual with a free report but if the service is not canceled, they will continue to charge the consumer. If a report must be paid for, the service can be received at a relatively low cost from many trusted companies.

After receiving the financial report, the consumer must verify the information. Reporting agencies receive thousands of disputes daily. The object of the self help debt negotiation is to get as much negative information deleted from a report as possible. If the information in question can not be verified it must be deleted. Sometimes information has been on a report for years but is not accurate. The individual should not take the reporting agency's word that the information is accurate because it may not be true. It is important to dispute anything that seems incorrect. Sometimes creditors no longer have the data needed to verify the information in question and must remove this data from a report. Being educated about all financial matters will allow the consumer to be much more successful at self help debt negotiations. "He that getteth wisdom loveth his own soul: he that keepeth understanding shall find good" (Proverbs 19:8).

The final step in this long process is to contact the creditor directly. An individual can often offer to settle a financial dispute with no outside assistance. Creditors know they overcharge for interest and fees. They are willing to resolve the situation and take less money if the consumer can promise payment immediately or within a certain time frame. The individual should seek help if they are in a financial dilemma because self help debt negotiations can be successful.

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