The simple truth about getting debt free

[ Bookmark this page! ] [ get HTML Version ]

Building credit and preventing repair
If you want to prevent credit repair procedures, you need to keep your payments up to date. Financial emergencies may come up, so it is important that you meet minimal payments on time. If you have utilities, house payment, car payment, or other dues try to knock them out to avoid complications. If you are in debt over your head and have very little income and assets it might be wise to... Read debt consolidation article



Consolidating Debts - Free Information
If your goal for the upcoming year is to become debt free, you should consider researching information on consolidating debts. For years, millions of people have successfully eliminated their consumer debts with a consolidation. There are numerous ways to consolidate debts. Moreover, debt consolidation is available for all people regardless of credit.

Using Online to Research Informatio... Read debt consolidation article



The simple truth about getting debt free
Revealed by a Debt Expert's Personal & Professional Coach...

I first met Jeanna about 6 years ago when I attended a "CASH FLOW 101 Event" in the Bay Area (Northern California). She amazed me, facilitating "financial learning" for a room full of people who came to learn "How to Get Out of the Rat Race". You could feel the level of financial intelligence rising in the room! I enjoyed the interactive learning experience so much that I became a CASHFLOW Event Facilitator myself the following year...

I hired Jeanna as my "personal & professional coach" shortly thereafter. She taught me more of the financial literacy concepts popularized by Robert Kiyosaki through the "Rich Dad" books. More importantly, she enlightened me to the specific changes I needed to make in my own thought patterns, which ultimately have the greatest positive impact on my financial life.

What she reveals here is simple and true. See if you can "get it" and may your financial future forever be improved by what you learn from her.

Jesse Niesen, COO
STARTOVERTODAY.COM
PS - BE SURE to get on the next Free Tele-Class!

"Begin Again"
By Jeanna Gabellini, The Extreme Abundance Coach

I coach many people who have had dreams of living a lifestyle of comfort. They'd like a nice home, with money in the bank for security and enough money in their pocket to not feel strapped. But there is one problem. They have begun to believe that they will always be struggling as the dream has not manifested. Even worse, some folks have gone backwards in their finances in recent years due to a variety of circumstances.

My job is to tell them the truth. Sometimes they resist this truth and have a hard time believing me. It is simply this: It doesn't matter what your financial status/success has been or not been up to this point. You can turn things around at any moment. Looking into your past is only good for learning. You can see what you thought and the actions you took that worked successfully for you and then look at the habits you continually acted from that did not work and do something different.

I have been in a position where I had no worries about money and I have been in a position where I had no idea how I was going to pay the house payment that was due in 2 days. But what always works, no matter where you are currently is to know where you are going. I was very clear in my mind that I would find a way to pay all my bills and I would not dip into my retirement fund or borrow the money. I made those boundaries because that is what felt good to me. You have to create your own rules to live by.

Because I was committed to paying the bills, I always found a way. Sometimes the way found me. The important thing to remember is to get very clear on what you do want, not what you don't want. Many of my new clients give lots of thought to all the things they don't want. They think and say, "I don't want to go into debt. I don't want to be late on bill payments. I don't want to lose my house. I don't want to struggle forever."

Guess what my first question is? What do you want? Let's focus on what you do want in your life and then you can begin to put some new positive patterns in your both your thinking and actions. Create a road map to your goal and start believing you can have it.

I like to start the process by getting clear on what my big outrageous goals are. You may not be able to dream big right away if you have had recent hardships, so go as big as you can. Next, I ask myself what do I want in the next six months. What are the six most important things for me to be, have or achieve? What about in a month? And then this week. I always write these out or print them off my computer and post in several places to be seen daily. You have to keep your eye on the end result or you will get bogged down in the obstacles that are staring you in the face.

Every moment you have an opportunity to begin your path to wealth or even just comfort. If you fall back into old patterns, quickly forgive yourself and begin again. Most importantly, remember to have fun in this game. Most people get very serious and stressed about money. Those who see it as a game are less attached and actually attract more money.

In abundance,

Jeanna
"The Extreme Abundance Coach"

"Life is either the Greatest Adventure in the World, or it's not. You choose..." - John Milton Fogg
Jesse Niesen is the COO of STARTOVERTODAY.COM, a Nationwide Financial Solutions Company solving financial, debt and credit problems for clients nationwide. Jesse has led STARTOVERTODAY.COM in helping thousands of people resolve over $20,000,000 of unsecured debt since the summer of 2002. http://www.startovertoday.com

What do you want to do?
Bookmark this page before you lose it
Search this site for FREE information
Help spread the word. E-mail this page to a friend

Debt consolidation - Understand options and avoid scams

The total consumer debt in the United States has ballooned to over two trillion dollars a full 100% greater than it was just a decade ago. As a result more people than are in need of debt relief services. But like with all burgeoning industries, there are a number of scams and ineffectiveness in many debt relief services. As a result, it is important that consumers considering debt relief know their options.

Debt Consolidation

The most well-known form of debt relief is debt consolidation. The principle behind debt consolidation is that by combining the many small debts, many of which are very high interest such as credit cards, under a single lower interest loan, you can get control of your debt. Under the single lower interest loan, the overall cost of servicing the debt, that is your total monthly payment, is lower than the combined total of the many smaller debts. That at least is the theory behind all debt consolidation programs.

Many programs go further, however, by limiting your discretionary spending. The theory goes, that because you have accumulated so much debt through your own uncontrolled spending, the debt consolidation lender will in effect act as your accountant too. The limitations placed on you by debt relief programs range from prohibiting major purchases like as a new car or home, all the way to those organizations which take your paycheck before you get it, and then dole out to you the remainder. While the latter version sounds intrusive, and certainly it is, it may prove for some individuals the best option as it will force a rationing of discretionary spending. But one thing you can count on with almost every debt consolidation program is the requirement that you cut up all of your credit cards. As credit is the number one contributor to consumer debt today, that isn't all that bad of an idea.

Creditor Negotiations

But debt consolidation isn't the only option available to those in debt crisis. Another option is to hire a creditor negotiator. These services, usually under the name debt management or debt managers, mediate negotiations between you and your creditors in the hope of lowering your total debt. In effect, these individuals bargain with your creditors, threatening them with the possibility of you seeking bankruptcy (in which case they get almost nothing) to try to get them to lower the interest rate, or the principle of your debt. This can be a very effective method for those unable or hesitant to secure a new larger debt through a debt consolidation loan.

The problem with both of these options is that they do not come for free. While many organizations present themselves as non-profit or even public servants, the reality is that almost every agency is in business because of the profits they can make off of you. For example, many individuals in need of debt consolidation are so thankful to find a willing lender that promises to lower their monthly payment, that they fail to examine closely the loan contract they are offered.

The Negatives and Scams of Debt Relief Programs

A common scam is to hide huge "service fees" or "debt consolidation fees" in the principle of the loan. So, if for example you have $50,000 in outstanding debt, your debt consolidation lender may provide you with a loan as high as $80,000, where the extra $30,000 is comprised almost entirely of fees. The lender then extends the loan out for years and years, so that your monthly payment is actually lower and as a result you do not ask any questions. Another, even more devious scam is to vary the interest rate over the life of the debt consolidation loan. For example, the lender might offer you a loan in which for the first two years the interest rate is an extremely low percentage, say 4%. But very quickly, the interest rate balloons to something like 15% at which point you will no longer be able to make payments and must go back to the lender and "consolidate your debt" once again. But debt consolidation lenders are not the only one's trying to scam you. Creditor negotiators seem to offer a problem-free solution to your debt troubles. They offer to negotiate with your creditors, making the process seem infinitely more complex than it actually is. In truth, many individuals can simply negotiate with creditors themselves. The threat of bankruptcy is very real for many lenders, and as a result many are willing to offer you alternatives to the current high interest rates they are charging you. By cutting out the middle man credit negotiator, you can save much by way of charges, for the rather minimal hassle of calling the creditors yourself.

Both debt consolidation and debt management services fill important niches in a world where consumer debt is increasingly prevalent. It is important to remember, however, that these companies make money off of you. And because the industry is in a stage of rapid growth there are a great number of companies working on the edges of the law if not engaging in outright predatory lending. By entering the world of debt relief you are entering the world of scam artists and sub-prime lenders. Educating yourself before you enter the arena is the only way to ensure that you attain the best debt relief for you.


Top rated articles for debt consolidation

1. Debt management services and information
Well, days after days and months after month you debt has been collecting. From one credit card you have now maxed out all your credit cards. Creditors have started to call you. You are not even able ... Read debt consolidation article

2. Eliminate Major Credit Card Debt Legally
You've seen the advertisements online, Wipe out your credit card debt! Terminate Credit Card Debt! Eliminate Credit Card Debt Legally!" Can this be true? Is there a way to erase all of your credit car... Read debt consolidation article

3. How to lead a debt free lifestyle
Many people have been taught that you cannot get ahead without debt. We are also inundated with advertising telling us we can have anything we want. All we need to do is put it on our credit card.
... Read debt consolidation article

4. How to Solve Debt Problems
Being credit savvy is the best way to guarantee the best and lowest rates on mortgages, auto loans, and personal loans. Unfortunately, millions of Americans suffer from credit denial. They acquire an ... Read debt consolidation article

5. Debt Consolidation - Overcoming it
Debt is one of the major worry for many people. Many Americans are head to toes under debt and their numbers is on a rise. In such a scenario, debt consolidation has become a major escape route for ev... Read debt consolidation article

6. Debt consolidation - The essentials
Many Americans are in debt, in fact most of them are to varying degrees. And, most want to get out of debt and choose debt consolidation programs as one option to help them reduce their monthly paymen... Read debt consolidation article

7. Student loan and debt
Student loans are financial aids taken for the purpose of education. They have to be repaid with interest once graduation is completed, and the repayment schedule begins from six months after graduati... Read debt consolidation article

8. Online Debt Consolidation Quotes
Many people encountering financial problems in their lives are often compelled to take loans. They may have several loans and paying them could be distressing. One way to overcome this financial worry... Read debt consolidation article

9. When bad credit meets a co-signer with good credit
"Oops! You did it again! Didn't pay another bill? Has debt taken such a toll on your life that you cannot live in peace? Is your bad credit history affecting you so much that you can't even consider t... Read debt consolidation article

10. Debt consolidation - How to reduce your payments
Debt consolidation is frequently becoming a very familiar term used in these consumer frenzy-spending times when everything that is available to purchase is often presented with the availability of a ... Read debt consolidation article

1. Student Loan And Debt Settlements
2. 15 Debt Elimination Steps You Must Take Now
3. Freedom from Credit Card Debt
4. All about debt consolidation loan
5. Debt consolidation - Choosing a credit counselor
6. What is credit card charge-off
7. Credit management - Step by step
8. Using an Agency For Credit Card Debt Settlement
9. Debt Management Service
10. Debt Consolidation - A popular trend

Debt consolidation, debt counseling and debt management in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi,



The simple truth about getting debt free
Debt consolidation, debt counseling and debt management services in Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania,

Debt management, debt counseling and debt consolidation in Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin and Wyoming.