Debt consolidation - How to REVERSE Your Debts

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Debt consolidation loans - What not to do
On the surface, debt consolidation loans offer cash-strapped consumers some relief from high interest rates. Looking deeper, consumers should be wary of both the pros and cons of this fast growing practice. In their simplest forms, debt consolidation loans are refinance agreements, second mortgages, or home equity loans. All three loan options allow homeowners to cash out part of the eq... Read debt consolidation article



How to choose the right credit counseling agency
Credit counseling companies come in all shapes and sizes. Whether you are looking at working with a local credit counseling organization or a national credit counseling organization there are some very important factors to calculate before choosing the right credit counseling option for you. Here is a list of questions for you to ask a credit counseling company before determining whether or not yo... Read debt consolidation article



Debt consolidation - How to REVERSE Your Debts
I hope you read Part 1 which gives a basic introduction to manipulating your debt to your own advantage in order to clear it quickly.

But you want different results from your life from now on, right?

Well change starts from within. There is ONLY one way to change the results you get in life - you must change what produced those results.

How?

Everything starts with a thought. The chair you're sitting on, the movie you last watched, the company you work for, (or the organisation that pays your benefits) - the thought comes first.

Your thoughts have created your world and will continue to do so.

If you cannot change your thoughts you will not change your behaviour. If you cannot change your behaviour you will not change the results you get from life. You will never lick the debt problem, let alone get wealthy.

If you want to get different results in life YOU must live your life differently. Change your behaviour - and that means change your thinking first!

This is not rocket science - it is well-documented fact and you've probably already realised it, you've just maybe never done anything about it.

BUT you cannot learn everything you need to know to be successful in this life by working on a ''trial and error' basis.

It is essential to learn from other people's successes - and their failures.

You will need to find out what's been holding you back all these years and why you've gotten into a mess in the first place!

You also will need to know how to apply fundamental and universal principles in your personal life that will guarantee that you start getting different results - the results you really wanted all along!

There is now a wealth of wisdom that is proven and accepted, indeed recognised and applauded by some of the greatest men of all time.

These practical insights reach from today, right back into the great American depression of the 1930's.

You probably don't need me to tell you that the challenges that we face today, the hurdles and the principles for success - they're the same today as they have always been.

Yes there are 13 Essential Secrets for Success ... Practised by Life's Great Achievers and Wealth Builders.

By learning and applying some essential ageless and universally recognised principles we can leap-frog our current capabilities.

Today you can benefit from the distilled wisdom of some profoundly successful people. It's a fact ... Henry Ford, Charles Schwabb and Thomas Eddison all practised the same 13 simple principles.

YOU too can enjoy real, unbridled success when you employ these same, easy principles. Principles that are daily delivering ordinary people from scratch to Riches ... Converting their Ideas into money.

You can easily discover;

* What's been holding you back in life - why you haven't gotten the results you wanted!

* What it takes to generate True Wealth.

* What really works in business and in life - and why.

* You can have all the ideas in the world - but how do you actually make things happen - turn them into money?

Learn to;

* Establish the starting point for ALL achievement.

* Turn life's setbacks into stepping stones to success.

* Organise & apply knowledge, convert it into whatever you wish that is of use, without wasting time.

* Take a thought, translate that into an idea, then make organised plans to realise your dreams.

* Accumulate sufficient money to guarantee your financial independence.

* Having learned what to do and how to do it, acquire the needed stimulus to make a start!

There are genuine, practised and proven shortcuts to becoming debt-free and generating true wealth. With this knowledge you can access the successes and the failures, the common attributes and the principle methods that others have needed to succeed.

It will cost you very little indeed to acquire wisdom - wisdom that others fought for - painful lessons that cost them dearly.

Learn fast from the life experiences of men who actually accumulated riches in huge amounts. These are not privileged people. They are not geniuses, but ordinary people just like you and I. People who began in poverty, with little education and without influence.

If you want to know how to extend and marry these universal principles and lessons with state of the art business-building information - specialised knowledge that is today only really understood and implemented by a select few - you guessed it, you just need to ask.

This really does give the ''average' man or woman - those who really need a helping hand - a chance to really turn things around once and for all.

Radically Increase Your Income Imagine if you could JUMPSTART one (and then several) additional streams of income by learning exactly where to go and what to do - in effect standing on the shoulders of giants - right from your own home and in your spare time.

We live in the ''information age' and today we have a huge opportunity, the scale of which few people really understand. You and I can use the same principles that rocketed men into fame and wealth during the early 1900's (a time that held enormous and unbounded potential). Just like them, you and I also face a time that holds enormous and unbounded potential.

It is possible - even fairly easy - to combine the above with practical insights and little-understood business secrets from some of today's most successful entrepreneurs.

Now we can apply these timeless and well-proven principles to the age of the internet. Yes today you and I have an opportunity that makes the guys above look small-fry!

Imagine what would happen of there were certain shortcuts to being successful in life - and in business - that could propel you to success - you just hadn't found them until now!

Imagine how your life would change if you could switch-on a stream of income that came in regardless of what you were doing. In other words, you did something that made you money - but then the money kept coming in whether you were ill, sleeping, working on something else (maybe a job) or even travelling the world.

Suppose that it were really very easy to do this - you just didn't know about it until now. Sounds too good to be true?

Today the internet is coming of age. There are more opportunities available than people to fill them.

Did you know;

* Online spending reached $95,700,000,000 in 2003! (That's 95.7 billion dollars!). A recent Forrester Research report showed that online spending was $95.7 billion in 2003 ... and it's projected to grow to $229 billion in 2008! That's a staggering 139% increase!

* Nearly 5 million NEW households will shop online in the next five years! Forrester Research also reports that nearly 5 million NEW households will shop online in the next five years ... and that the total number of U.S. online shopping households will reach 63 MILLION by 2008! That means that, by 2008, online retail sales will account for 10% of the total U.S. retail sales!

* Even a complete beginner can now build a web site in less than 48 hours... for LESS than $100! Five years ago, if you wanted a web site, you needed to either learn HTML (time-consuming) or hire a web designer to do it for you (expensive). Now, however, there are tons of FREE and low-cost tools and resources available that allow you to build a professional-looking web site by yourself, without ANY knowledge of HTML! If you can "point & click" your way through a program like Microsoft Word, you can build a web site and put it up on the Internet - in less than 48 hours!

* It's EASY to find lucrative business ideas and products to sell ... using FREE research tools! For the first time in history, it's EASY to know what products people are actively looking for... because there are FREE and low-cost research tools that compile all the figures and statistics for you! Plus, once you know exactly what people want, it's EASY to find products to sell to them because there are online tools that will help you do that, too!

* There are literally 1,000's of FREE and dirt-cheap sources of traffic for your web site! It's shocking, but true. There are literally thousands of "neglected" traffic streams -- groups of people who are LOOKING for web sites with particular products and information, but who can't find what they're looking for because nobody is talking to them!

You should know that effective marketing is the lifeblood of any business; a great idea will fail if it isn't marketed right; a poor idea can be a spectacular success if it is! The single best way to market ANY business is Direct Marketing - 'speaking' direct to prospective customers and existing customers.

The single biggest opportunity for Direct Marketing ANY business today is using the internet. It's SO powerful, fast and efficient compared with traditional techniques that there is no comparison!

And yet ...

I talk to business owners every day who astound me with just how little they are actually doing about this spectacular opportunity!

Why are they doing so little about it? Simple - they just don't know where to start!

Try this test yourself ...

Ask anyone you know; 'what exactly are you doing that leverages business using the internet as an effective marketing tool?'

I don't mean ''putting up a website' ... that is like building a factory and then just sitting around waiting for someone to knock on your door to do business ... it isn't going to happen ... and that's just what most people are doing!

Ask them and see!

I don't care what your business is, or where. After twenty years managing and consulting to businesses of all kinds I know what works and what doesn't!

You can quickly have more genuine, in-demand, hands-on knowledge of how to boost any business in today's world ... than 99% of the people around you!

Leverage Your Time & Efforts It has taken people literally thousands of man-hours to accumulate and communicate this information to your benefit.

It cost people millions of dollars and bucket-loads of blood, sweat and tears to acquire.

All this knowledge is available to you NOW.

Well, I said this Report would be short. Action is the proper fruit of knowledge, so over to you;

Tell me which area you want to know more about (fixing your debts, creating ongoing success or radically increasing your income - or all three).

Tell me what, specifically you would like help with and I will do my best to deliver!

Let me know what interested you and what you want to know next.

Here's to your success!

David Cross

One last thing. I am pretty old fashioned in some ways. I believe we are put on this earth to help each other. I have to make a living, so there are constraints on my time and resources, but whatever I can do to help you I will.

Talk to me.

David P Cross is Principle of Debt Clearance Secrets.

A growing body of knowledge & tips to;

i) fix your debts,

ii) create ongoing success

iii) radically increase your income.

Want more? Visit http://www.debtclearancesecrets.com and we will show you how to fix your debts.

If you like the Report, or hate it, let me know. I reply to all of my emails. I can be reached at david@debtclearancesecrets.com

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Short Term Debt Problems - Taking Control

Short term debt problems are manageable problems associated with temporary job loss, sickness, a large one off payment which may leave you short for a month or two or you just have a lot of small out of order debts, which you need to take control of.

Below are just a few things to take into consideration when evaluating your credit situation.

Prioritise your Payments

Prioritizing your payments is a very important step. You must choose the creditors that are most important to you e.g. your mortgage payment and your utility companies.

Next are the credit cards and store cards which charge the most interest, by paying off the cards with the most interest you can reduce the amount of interest calculated on your next bill.

Try to clear some of the smaller bills first. Although it seems like there is not a lot of interest amounts being paid on them, it still adds up. Clearing some of your smaller debts gives you encouragement to set to work on the others.

Transferring your credit card balance onto another card, with a 0% interest period is also a recommended action. This allows the full monthly payment to be deducted from your balance, without incurring any interest.

Always remember to pay off your debt with any available money you may have at the end of each week/month. Doing so prevents any arrears and a build-up of interest on credit cards and store cards.

Can you improve?

Improving your situation is one of the best ways to acquire extra money. Try to think of ways to maximize your full income e.g. is it possible for you to work more overtime, can you claim any benefits, and do you have anything of value to sell? Also can you afford to cut back more? A drastic measure is to move to a smaller house and pay less mortgage or less rent, however this is a worst case scenario.

Contact your creditors

If you are experiencing money problems, do not be afraid to contact your creditors as they will try to help you. Due to the process the creditors have to go through to get money from you if you do fall into serious money problems, it can work out quite expensive to your creditors. Contacting them could lead to negotiating a new payment plan.

Before contacting your creditors, make a comprehensive list of all the outgoings and a realistic amount that you can pay each month. After you have completed a list of out goings, make a list of all creditors remembering to prioritize from most important to least important. Upon completion of this list, prepare a formal letter explaining your situation and proposing your payment plan.

When you receive confirmation/acceptance of your proposed plan (or something close to it) always keep your creditors informed of your progress. This process is a long drawn out process and you will have to prove to your creditors that you are struggling with the upkeep of your payments.

Cut backs

You will be surprised on what you can save on when you cut back. Make a list of all of your current out goings, this includes all your shopping, hobbies, magazines, news papers, treats, everything. When you have produced your list, take a look at it and remove all essentials

From this list also look at the brands of shopping you buy, you can save money buy using a cheaper brand.

The items you have left on your list are obviously non essential to you, therefore can be excluded from your weekly/monthly expenditure. You will be surprised to see how much you can save from this simple money saving technique. However you do have to be tough on yourself when excluding non essential things, think to yourself "do I really need it."

Choose the best rates

If you still have a good credit score and still have the ability to be accepted for a loan, then try switching your outstanding credit to a new loan or credit card.

Search the internet, local papers and magazines, even keep an eye on the adverts on your TV, there are hundreds of creditors offering 0% interest on credit cards. Try doing the same for loans too. It is very unlikely you will find a 0% interest loan, however there a lot out there with rates from 5-9%.

Switching credit cards and loans will save you money on increased interest rates. Look at the big picture over the long term; you will save £100s on interest.

Consolidate through your mortgage

It is possible for you to consolidate your debt on to your mortgage. However doing so does increase the interest you will pay drastically. Imagine you have debts of £10,000 over a five year period. You wish to add this to your mortgage over a period of twenty years. The interest accumulated over five years will be significantly less than the accumulated interest over twenty years.

You must also be sure that the value of your property is significantly more than the amount of your mortgage. Negative equity on your home can lead to problems.

Consolidate with a loan

Consolidate through a loan. Quite like putting all your eggs in one basket so to speak. Then there are a few scenarios you may want to consider:

- How much do I want to pay out?

- Do I want to take the loan over a shorter term and pay my debt back faster?

- Do I want to take my debt over a longer term, pay more interest but take a lower payment?

- Am I going to stick to the loan and not get into more debt?

If you are aware of these simple scenarios then a consolidation loan is recommended. It is cheaper due to one amount of interest paid instead of multiple amounts. Also you will find your money easier to manage due to the one single payment every month/week.

Do pay particular attention to the term of the loan you require, it is better to pay the loan back sooner rather than later. Try to find an amount you are comfortable with. It is easy to take the lower payment over the longer term, which allows you to have more expenditure. However, is this option a sensible one? More interest, longer term, more to pay back. You would be better with shorter term, less interest, less to pay back.

Article supplied by Michael Aldridge. For a complete and extensive guide to debt consolidation, please visit our web site at http://www.debtconsolidation.informatee.com/


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