Debt Resolution For Credit Card Debt Relief! Can it Help?

If you have a large amount of credit card debt and are looking to resolve some of it there are many programs out there that say they can help. However, the question is whether they actually can. In many cases yes these debt resolution programs can reduce your monthly payments by a considerable amount and they probably will save you some money in the long run as well. These amounts they save you will not be the large numbers that they advertise but they will definitely help take a small chunk out of some of the debt.

Debt resolution involves a company talking to your creditors in order to settle your debt into one lump sum. The more debt and creditors you have the harder it will be to get a better rate, but with their negotiating skills they can definitely be a help. Once it is in a lump sum they will ask you to pay a minimum fee every month in order to diminish the debt slowly. 

There will still be an interest rate but it will not be higher than the ones you were already paying on your credit cards. The companies that offer these debt resolution programs will also tell you to stop paying your other creditors their monthly fee. This way all the money can go towards the lump sum.

Using a company to settle your debt also has its risks as well. Some of them will require you to deposit money into a savings account for up to 48 months before they will settle any of your debts. Many clients drop out because they cannot make the payments and therefor lose all the benefits of this program and even more. 

Another reason is that the creditors that you have signed a contract with have no obligation to talk to and negotiate with a debt resolution company. Most of them will if they think it is the only way they will get paid though. Using debt resolution can also negatively impact your credit score as well due to the stoppage of monthly payments and the restructuring of the interest rate.

Debt resolution is only a good idea for those who are in dire need of debt relief and it may negatively impact those who aren’t. Make sure to follow the contract deadlines and remember to not get into debt the next time!

What is a debt consolidation loan

Following the 2008 economic downturn, many people who formerly had good credit and a strong history of paying their debts on time found problems in making regular payments. What many of these people found as they missed payments for credit card and mortgage debt was the interest rate used for their credit cards began to rise as they missed payments or exceeded their credit limit. In turn, this caused their credit score to drop and a large amount of ensuing problems began, such as difficulties with finding employment and future loans with a bad credit history.

Many people decided to take advantage of a debt consolidation loan in a bid to minimize the impact of credit card and secured loan debts, which made it a little easier to make monthly payments and reduce the principal amount of a loan. Debt consolidation loans are available to most people and are used to reduce the number of payments made each month on a variety of debts. 

A financial company will pay off the majority of debts owed by an individual to credit card companies, auto loan companies and to banks or credit unions. In return, the debt consolidation loan used to pay off the debts is calculated and the consumer makes monthly payments to the debt consolidation loan company to pay off their debts over a specified period of time.

Although the majority of debt consolidation loans are offered at a higher interest rate than conventional secured loans, these loans are popular as they offer a single payment that does go someway to paying off a number of debts in a single shot each month. One of the major problems the majority of people struggling with debt have when attempting to pay off credit card and student loan debt is how to make more than the minimum payment each month. In most cases, the minimum payment simply pays off some of the interest gained over the preceding month.

A debt consolidation loan should be investigated before making any decision on whether to use this method to get out of a high level of debt owed to many different creditors. Using a debt consolidation loan can be a good way for many people to find a way out of crippling debt and begin to turn around their finances to return to good credit and reduce their monthly bills. It is important to ensure the monthly payment made towards repaying a debt consolidation loan is within the monthly budget of the person repaying the loan.

Debt Consolidation Loan

DebtCC architecture becomes user friendly with responsive theme

Debt Consolidation Care (DebtCC) Community takes a step forward to make the online experience of the consumers more pleasant, especially while checking the website with the use of multiple devices starting from a smartphone to a tab. The modern technology has improved our lives in all aspects over the years. Most online communities like

Debt Consolidation Care have benefited from modern technology helps them to be updated and be more efficient in helping the visitors of the website. Debtcc is on the process of developing into a responsive design. It can help to enable the consumers to open the website from multiple devices and from different places without interruption.

DebtCC attempt is to represent the website to their valuable visitors accessing the website from different devices. One of the most important questions that Debtcc considers now is how responsive structure can help to make the online visitors experience better while opening the website from different devices.

What is Responsive Architecture?

Responsive design is a web design as well as a development technique that creates a website, which changes in accordance with the size of a user’s screen. Responsive architecture optimizes a user’s browsing experience. So, DebtCC focuses on to create a flexible and responsive web page giving priority to the comfort of the different users accessing from different devices.

What is the reason behind shifting to responsive design?

Debtcc can deliver quality content to their visitors using different devices. The offline browsing capabilities of HTML5 mean that the websites can be easily accessed with the tip of the finger. Traditional visitors will be re-directed to a device specific website. Well, a website using a responsive design structure one website can be used in different devices.

How responsive structure changes to fit the screen?

What are the benefits of responsive structure system?

There are several benefits of a responsive structure system that helps in updating the website with ease. It can be easier for the visitors to search the website online. So hopefully, we’ll be able to solve their problem immediately.

We are working on the website and continuously modifying it to represent it in a better way for an excellent user’s experience. In this form of structure, changes are made only once and the website will be compatible with all the browsing devices.

We are working on the website so that the visitors are not required to open the website from the sub-domain eg., m.debtconnsolidationcare.com. Once we shift to the responsive structure theme, the visitors can open the website from different devices by using the same url used for desktop version i.e,, debtconsolidationcare.com.

Conclusion:

  DebtCC always attempts to stay ahead of the trend and tries to deliver best to its online visitors. It is switching to responsive structure keeping its different device users in consideration. Responsive theme has a clear advantage over mobile theme and the community is changing for the better.  Under Debt Problems?

5 Financial tips

Tip no 1: Set clear goals instead of making flimsy resolutions to make life bigger and better
 
Resolutions are just fragments of your imagination. They are not concrete and hardly do any good to you. You make plenty of resolutions at the beginning of your career and then forget them within a few weeks. Set clear goals for your life. The goals are specific, realistic and they do have a deadline.

The deadline induces you to give your best effort. For instance, if your goal is to pay off debt by the end of 2014, then you'll start taking measures to pay down your debts within the next 11-12 months. You'll look for ways to pay back your creditors and strengthen your finances.

Tip no 2: Understand that you've achieved financial freedom when you can give plenty of money to your family without any worry.
 
You've achieved financial freedom truly when you can give loads of money to your family without any anxiety. Your family will have various kinds of financial requirements from time to time. If you can meet various monetary requirements of your family without worrying about your savings, then it means you've gained financial independence in the truest term of the word.

Tip no 3: Watch out for happy hours at restaurants and cheaper cellphone plans to save money in 2014.
 
Several restaurants organize Happy Hour events at restaurants. You can save a lot of money on drinks, food and other things if you go at restaurants during the Happy Hours. All you need to do is check out if the good restaurants are offering Happy Hour events to people. You can even drop in the idea of organizing Happy Hour meals at your favorite restaurants. This will help you avoid exhausting your entire paycheck when you've meals at restaurants with your friends and family.

The cost of the cellphone plans has increased a lot in the past few years. It is not rare to spend around $100 (every month) on the cellphone bills. This amount of money can eclipse the cost of other utility bills as well. Negotiate with your customer service representatives for a cheaper cell phone bill in this year so that you can pay less and save money in 2014.

Tip no 4: Taking wedding vows without checking your partner's credit report is like committing financial suicide. Be little unromantic if you love yourself.
 
It's certainly not romantic to ask your spouse show his/her credit report. However, life is not all about love and romances. You may not be able to buy a house just because your spouse's credit score is terrible due to overwhelming debt. You need to check the credit report of your spouse for your own financial well-being. Check out the financial health of a person before walking down the aisle since you would never want to get into unnecessary financial troubles later.

It may happen that your spouse may want to review your credit report too. Show your credit report to him/her. Discuss both of your strengths and weakness so that both of you can work accordingly and have a brighter financial future.

Tip no 5: Bring a piggybank into your house and throw away new loan application forms in 2014.
 
Buy a piggybank and keep it in your house to build your emergency fund. Buy a cute piggybank and keep a certain amount inside it everyday. You can give this piggybank to your kid as the New Year gift. Ask your kid to save whatever he/she can every day or every week. This will help your kid develop the habit of saving from a tender age in a fun way.

Avoid taking out fresh loans if you don't have any intention to increase your debt-to-income ratio in 2014. Don't borrow unless you have no other way to arrange money. Learn from more than 166000 people how hey got out of debt?