We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.
We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.
On the other hand, we provide free services to significantly help to minimize the risks that are involved in negotiating with your creditors.
First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.
Next, we provide a comprehensive credit repair service to all our clients. This is a 5 service that is absolutely free!
Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.
Last, we provide a written guarantee that our clients' creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.
Our services are competitively priced- and include the above free services!
Joseph Hernandez CEO Debt Free Solutions www.debtfreesolutions.mobi (800) 668-8090
Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts
Monday, July 23, 2012
Friday, July 20, 2012
When Debt Settlement Consultants Can Solve Your Debt Problems
The most frustrating thing about being in debt is not the worry that comes with the pressure of repaying debts, but working out how to afford the repayments. Often, a salary seems to be enough to cover everything, but somehow vital dollars get sucked away to other things. When creditors come calling, there is a way to alleviate the pressure, however - debt settlement consultants.
There is a major difference between debt settlement and bankruptcy, but the problem is that most people seem to want to negotiate their settlements deals on their own. This does not always help the situation, and hiring professional debt clearance services is the surest way to secure the best possible terms.
Of course, seeking debt settlement through a company of professionals does mean paying service charges, but in the long run this can be a deal. But what are the signs that warn it is time to secure these services from.
What is Debt Settlement?
First of, it is important to understand what exactly debt settlement consultants should be able to do, and why the process they help to negotiate in is an alternative to bankruptcy. Bankruptcy is seen as the last option for someone with debts, with consequences including an inability to secure financing for as long as 2 years.
Settling debts has less severe consequences, with a share of the debt actually paid to creditors. These can range from 10-15% right up to 50-60%, but your negotiating skills will decide on the share of the debt to be paid. This is where getting a professional debt clearance service can be so beneficial.
It is a bit like representing yourself in a court of law - the chances of getting the best outcome is less than if an experienced lawyer is hired. But it is equally important that money is not wasted on the consultant. When it comes to debt settlement, the best terms can save thousands.
Signs A Professional Is Needed
The first clear sign is that your budgeting seems to make no real difference. No matter what is done, the debts continue to mount and the situation to get worse, and your total monthly expenses are higher than income. By getting debt settlement consultants in, they can take a more strict view of what needs to be done.
Another sign is that little headway is being made in negotiations with creditors. Meeting people who want to get as much money as possible out of your pocket. After all, they want to recover as much as they possibly can. But a professional debt clearance service can play hardball with creditors and hammer them down to the lowest possible percentage.
A third sign is a shortage of knowledge on the rights borrowers have, as well as the terms and legal conditions that come into play. Creditors are likely to take advantage of inexperience. However, a professional brings experience to the table when negotiating debt settlement terms.
A fourth is the need to stay on track once a decision is made. The temptation to break a strict budget and eat out, or maybe do a little shopping, can be too much to resist after 2 or 3 months of denying yourself such luxuries. A debt settlement consultant is able to set strict terms, ensure your debts are cleared and that no money gets wasted.
Of course, the choice to pursue your own terms and conditions is within your rights. However, without sufficient knowledge of the industry and your own rights, the chances of getting a good deal is highly unlikely. Hiring a professional debt clearance service can help to make huge savings on debt repayments, and the debt settlement agreement can be a success.
There is a major difference between debt settlement and bankruptcy, but the problem is that most people seem to want to negotiate their settlements deals on their own. This does not always help the situation, and hiring professional debt clearance services is the surest way to secure the best possible terms.
Of course, seeking debt settlement through a company of professionals does mean paying service charges, but in the long run this can be a deal. But what are the signs that warn it is time to secure these services from.
What is Debt Settlement?
First of, it is important to understand what exactly debt settlement consultants should be able to do, and why the process they help to negotiate in is an alternative to bankruptcy. Bankruptcy is seen as the last option for someone with debts, with consequences including an inability to secure financing for as long as 2 years.
Settling debts has less severe consequences, with a share of the debt actually paid to creditors. These can range from 10-15% right up to 50-60%, but your negotiating skills will decide on the share of the debt to be paid. This is where getting a professional debt clearance service can be so beneficial.
It is a bit like representing yourself in a court of law - the chances of getting the best outcome is less than if an experienced lawyer is hired. But it is equally important that money is not wasted on the consultant. When it comes to debt settlement, the best terms can save thousands.
Signs A Professional Is Needed
The first clear sign is that your budgeting seems to make no real difference. No matter what is done, the debts continue to mount and the situation to get worse, and your total monthly expenses are higher than income. By getting debt settlement consultants in, they can take a more strict view of what needs to be done.
Another sign is that little headway is being made in negotiations with creditors. Meeting people who want to get as much money as possible out of your pocket. After all, they want to recover as much as they possibly can. But a professional debt clearance service can play hardball with creditors and hammer them down to the lowest possible percentage.
A third sign is a shortage of knowledge on the rights borrowers have, as well as the terms and legal conditions that come into play. Creditors are likely to take advantage of inexperience. However, a professional brings experience to the table when negotiating debt settlement terms.
A fourth is the need to stay on track once a decision is made. The temptation to break a strict budget and eat out, or maybe do a little shopping, can be too much to resist after 2 or 3 months of denying yourself such luxuries. A debt settlement consultant is able to set strict terms, ensure your debts are cleared and that no money gets wasted.
Of course, the choice to pursue your own terms and conditions is within your rights. However, without sufficient knowledge of the industry and your own rights, the chances of getting a good deal is highly unlikely. Hiring a professional debt clearance service can help to make huge savings on debt repayments, and the debt settlement agreement can be a success.
Monday, July 16, 2012
How Debt Settlement Programs And Chapter 13 Bankruptcy Differ
When the pressure of debt gets too much to handle effectively, there are solutions out there. The only real question is which to choose. The best options are constructive repayment agreements, and the two most common are debt settlement programs and a bankruptcy agreement under the terms of Chapter 13.
The two are quite similar in principle, with their core reasons being to facilitate the repayments of debts, either in full or in part. The result is to lift the burden of debt off the debtor. But which is the best option to choose? Is a Chapter 13 bankruptcy plan going to damage a credit reputation? Or is a settlement program the right way forward?
These are just some of the issues to consider, and while old bankruptcy options were taken advantage of, creditors are now better protected. Clearing debts effectively comes down to two key choices, both of which can see debts cleared with just 30% to 50% of the sum repaid, to so which is actually better?
Debt Settlement
There are some great advantages to adopting a debt settlement program to ease the financial burden, not least the fact that what is paid to clear the debt is lowered. But when compared to the alternative bankruptcy, there are some negatives. For example, settlement is more expensive, costing up to ,000 in service fees.
The greater expense comes down to the fact that debt settlement companies charge a fee based on the size of the debt involved, so a larger debt will mean a higher fee. Chapter 13 bankruptcy is a fixed rate. Also, the term of a settlement is usually 3-4 years, which means payments can be larger.
But perhaps the biggest negative is that the creditor is in control when it comes to negotiations. This is because the agreement is a voluntary agreement, so the debtor has every right to reject proposals. Sometimes clearing debts effectively means holding out for better terms, but the creditor car pull the plug at any time and seek legal action instead.
Chapter 13 Bankruptcy
When it comes to fees, bankruptcy is actually a lot less expensive than a debt settlement program. The reason is partly down to the fact that practically no negotiations are needed, just to have the necessary paperwork prepared and legal representation. So, expect costs of between ,500 and ,000.
The term of a Chapter 13 bankruptcy agreement has recently been extended to a maximum of 5 years, so the task of clearing debts constructively is greatly improved. Principally, the monthly repayments are lowered thanks to the longer term.
With a court taking on the case, neither party can act independently. So, creditors cannot take legal action once the Chapter 13 process has begun. For the most part, the plan leading to clearing debts effectively, and once the final ruling is made, it cannot be repealed.
The After Effects
But how does the eventual ruling actually affect the debtor? Through a debt settlement program, the creditor will get at least a share of the money owed to them. However, the credit record will state that the debt was paid through a settlement plan and the credit score will be lowered significantly. The good news is that credit worthiness can be regained after just 2 years.
With a Chapter 13 bankruptcy plan, the decision goes on the credit report and stays there for as long as 10 years, severely damaging the credit score. Also, when any bankruptcy ruling is made, the records are made available publicly, so people have access to relevant records. So, clearing debts effectively can have its price.
The two are quite similar in principle, with their core reasons being to facilitate the repayments of debts, either in full or in part. The result is to lift the burden of debt off the debtor. But which is the best option to choose? Is a Chapter 13 bankruptcy plan going to damage a credit reputation? Or is a settlement program the right way forward?
These are just some of the issues to consider, and while old bankruptcy options were taken advantage of, creditors are now better protected. Clearing debts effectively comes down to two key choices, both of which can see debts cleared with just 30% to 50% of the sum repaid, to so which is actually better?
Debt Settlement
There are some great advantages to adopting a debt settlement program to ease the financial burden, not least the fact that what is paid to clear the debt is lowered. But when compared to the alternative bankruptcy, there are some negatives. For example, settlement is more expensive, costing up to ,000 in service fees.
The greater expense comes down to the fact that debt settlement companies charge a fee based on the size of the debt involved, so a larger debt will mean a higher fee. Chapter 13 bankruptcy is a fixed rate. Also, the term of a settlement is usually 3-4 years, which means payments can be larger.
But perhaps the biggest negative is that the creditor is in control when it comes to negotiations. This is because the agreement is a voluntary agreement, so the debtor has every right to reject proposals. Sometimes clearing debts effectively means holding out for better terms, but the creditor car pull the plug at any time and seek legal action instead.
Chapter 13 Bankruptcy
When it comes to fees, bankruptcy is actually a lot less expensive than a debt settlement program. The reason is partly down to the fact that practically no negotiations are needed, just to have the necessary paperwork prepared and legal representation. So, expect costs of between ,500 and ,000.
The term of a Chapter 13 bankruptcy agreement has recently been extended to a maximum of 5 years, so the task of clearing debts constructively is greatly improved. Principally, the monthly repayments are lowered thanks to the longer term.
With a court taking on the case, neither party can act independently. So, creditors cannot take legal action once the Chapter 13 process has begun. For the most part, the plan leading to clearing debts effectively, and once the final ruling is made, it cannot be repealed.
The After Effects
But how does the eventual ruling actually affect the debtor? Through a debt settlement program, the creditor will get at least a share of the money owed to them. However, the credit record will state that the debt was paid through a settlement plan and the credit score will be lowered significantly. The good news is that credit worthiness can be regained after just 2 years.
With a Chapter 13 bankruptcy plan, the decision goes on the credit report and stays there for as long as 10 years, severely damaging the credit score. Also, when any bankruptcy ruling is made, the records are made available publicly, so people have access to relevant records. So, clearing debts effectively can have its price.
Saturday, July 7, 2012
Credit Card Debt Consolidation Relieves Cardholder Burden
Being in debt up to your eyeballs with credit card companies can leave you feeling like you have nowhere to turn. Oftentimes, a cardholder will have such a large amount of accumulated credit card debt that they are actually using the bulk of their income that comes in each month in order to pay just the minimum monthly payments that are charged by the credit card companies.
This can lead to even more credit card use, and thus begins a cycle of buy now, pay much, much later. The problem with this arises in that credit card companies oftentimes charge borrowers up to 19.99% or more interest on their existing balances. What this really translates to is that you will need literally decades to pay off the credit card debt that you owe, and that you will be paying a ton of extra money for the pleasure of paying over a long period of time.
Free Yourself From Burden of Debt
Many credit card holders are simply stuck in a rut when it comes to the usage patterns that they have for their credit cards. It is so easy, convenient, and hassle free to charge purchases. And with the cost of living at an all time high, many credit cardholders have become dependent upon their credit cards in order to meet the everyday expenses that they have for themselves and their families. But the credit card bill adds up fast, and so does the interest that is stacked upon what you owe your credit card company. Debt consolidation is the answer to becoming debt free and having more money in your wallet during the month to pay for things that you need without using high interest credit to do so.
How Consolidation Of Credit Card Debt Works
Consolidation of your multiple credit card accounts is simple. You will choose a lender that you feel offers good rates and the payment plan that you can live with. Your lender will pay off the balances on your credit cards, effectively causing them to balance out at zero. You will make a monthly payment to your consolidation company in lieu of paying multiple credit card companies.
The best part of credit card consolidation is that instead of making many payments that usually do not even encompass the interest that is owed on your credit card accounts; you will pay just one payment with a lower interest rate that will be actually cutting down the total amount you owe every month. This allows you to see the light at the end of the tunnel when it comes to becoming debt free, and you will find that you are able to pay your debts off much faster and at a cheaper rate.
Choosing A Debt Consolidation Company
There are many debt consolidation companies doing business out there. Be careful to select one that has a proven track record to avoid any possible scams. A good debt consolidation company can offer you a great rate of interest on your credit card debt consolidation and a payment plan that works with your income.
This can lead to even more credit card use, and thus begins a cycle of buy now, pay much, much later. The problem with this arises in that credit card companies oftentimes charge borrowers up to 19.99% or more interest on their existing balances. What this really translates to is that you will need literally decades to pay off the credit card debt that you owe, and that you will be paying a ton of extra money for the pleasure of paying over a long period of time.
Free Yourself From Burden of Debt
Many credit card holders are simply stuck in a rut when it comes to the usage patterns that they have for their credit cards. It is so easy, convenient, and hassle free to charge purchases. And with the cost of living at an all time high, many credit cardholders have become dependent upon their credit cards in order to meet the everyday expenses that they have for themselves and their families. But the credit card bill adds up fast, and so does the interest that is stacked upon what you owe your credit card company. Debt consolidation is the answer to becoming debt free and having more money in your wallet during the month to pay for things that you need without using high interest credit to do so.
How Consolidation Of Credit Card Debt Works
Consolidation of your multiple credit card accounts is simple. You will choose a lender that you feel offers good rates and the payment plan that you can live with. Your lender will pay off the balances on your credit cards, effectively causing them to balance out at zero. You will make a monthly payment to your consolidation company in lieu of paying multiple credit card companies.
The best part of credit card consolidation is that instead of making many payments that usually do not even encompass the interest that is owed on your credit card accounts; you will pay just one payment with a lower interest rate that will be actually cutting down the total amount you owe every month. This allows you to see the light at the end of the tunnel when it comes to becoming debt free, and you will find that you are able to pay your debts off much faster and at a cheaper rate.
Choosing A Debt Consolidation Company
There are many debt consolidation companies doing business out there. Be careful to select one that has a proven track record to avoid any possible scams. A good debt consolidation company can offer you a great rate of interest on your credit card debt consolidation and a payment plan that works with your income.
Saturday, June 30, 2012
Does IRS Debt Show on my Credit Report?
One of the most common tax myths is that debts will be removed from your credit report as soon as they are settled. Because consumer credit bureaus rely on public records to determine credit scores, they do consider tax debts. Information is customarily collected from county and state courts. These courts offer credit bureaus a wealth of information, including bankruptcies, foreclosures, and federal tax liens.
What are federal tax liens?
A federal tax lien gives the IRS the option of taking possession of a taxpayer's property. If the individual is in arrears and has been notified of his tax debt, the IRS will give him ten days to respond to a final notice before they enact a priority claim. This means that the IRS will receive all proceeds if property or personal possessions are sold at auction after the debtor declares bankruptcy. These federal liens are filed publically as a way of warning other creditors that the IRS has first dibs on all future collections.
According to America's most respected credit score company, Fair Isaac Corporation (FICO), a federal tax lien is just like a bankruptcy, in that it remains on your record for seven years. Because these debtors have serous delinquencies, they invariably receive much lower credit scores that are difficult to improve in the short term.
Once a tax lien is filed, a person cannot simply erase it by paying it. The only way to avoid a black mark on your record is to pay your tax debt or to enter an IRS payment plan for taxes before the lien is filed. Recent changes at the IRS provide a way for taxpayers who pay their tax debt in full or who allow the IRS to auto-withdraw payments to request that a tax lien be lifted from their record. However, the IRS does not perform this step automatically, which means taxpayers must know how and when to ask for the lien to be lifted. The surest way to avoid a ding to your credit is to do whatever you have to with the IRS to avoid a federal tax lien in the first place.
Why is it important to pay?
The importance of credit reports and scores should not be underestimated. Poor scores can keep you from getting a loan, renting an apartment, getting the best auto insurance rates, and even from getting a job. At the very least, poor credit scores will ensure that you pay a lot more for your monthly credit card bills. In the end, it is almost always cheaper to pay a tax bill than it is to suffer through seven years of bad credit.
We should also mention that liens can eventually become levies if your take debt is left unpaid. That means the IRS can start seizing your assets and garnishing your wages. They can also go into your bank account and take every penny that is owed to them if you have the funds available. Once again, the only way to prevent this nightmare scenario is to settle taxes before an IRS lien tax is filed.
With the help of an experienced tax advisor, it may be possible to avoid an IRS lien tax and to negotiate a payment plan for taxes. If, however, the lien has already been filed, a tax expert may be able to help you subordinate the lien against your personal belongings and property. This will enable you to sell your home or refinance your mortgage to settle taxes and halt IRS harassment. Trust us, you do not want the IRS selling your property and/or belongings at auction. For one thing, they almost never get fair value, which means that you might still owe them back taxes even after they sell everything you own.
What are federal tax liens?
A federal tax lien gives the IRS the option of taking possession of a taxpayer's property. If the individual is in arrears and has been notified of his tax debt, the IRS will give him ten days to respond to a final notice before they enact a priority claim. This means that the IRS will receive all proceeds if property or personal possessions are sold at auction after the debtor declares bankruptcy. These federal liens are filed publically as a way of warning other creditors that the IRS has first dibs on all future collections.
According to America's most respected credit score company, Fair Isaac Corporation (FICO), a federal tax lien is just like a bankruptcy, in that it remains on your record for seven years. Because these debtors have serous delinquencies, they invariably receive much lower credit scores that are difficult to improve in the short term.
Once a tax lien is filed, a person cannot simply erase it by paying it. The only way to avoid a black mark on your record is to pay your tax debt or to enter an IRS payment plan for taxes before the lien is filed. Recent changes at the IRS provide a way for taxpayers who pay their tax debt in full or who allow the IRS to auto-withdraw payments to request that a tax lien be lifted from their record. However, the IRS does not perform this step automatically, which means taxpayers must know how and when to ask for the lien to be lifted. The surest way to avoid a ding to your credit is to do whatever you have to with the IRS to avoid a federal tax lien in the first place.
Why is it important to pay?
The importance of credit reports and scores should not be underestimated. Poor scores can keep you from getting a loan, renting an apartment, getting the best auto insurance rates, and even from getting a job. At the very least, poor credit scores will ensure that you pay a lot more for your monthly credit card bills. In the end, it is almost always cheaper to pay a tax bill than it is to suffer through seven years of bad credit.
We should also mention that liens can eventually become levies if your take debt is left unpaid. That means the IRS can start seizing your assets and garnishing your wages. They can also go into your bank account and take every penny that is owed to them if you have the funds available. Once again, the only way to prevent this nightmare scenario is to settle taxes before an IRS lien tax is filed.
With the help of an experienced tax advisor, it may be possible to avoid an IRS lien tax and to negotiate a payment plan for taxes. If, however, the lien has already been filed, a tax expert may be able to help you subordinate the lien against your personal belongings and property. This will enable you to sell your home or refinance your mortgage to settle taxes and halt IRS harassment. Trust us, you do not want the IRS selling your property and/or belongings at auction. For one thing, they almost never get fair value, which means that you might still owe them back taxes even after they sell everything you own.
Wednesday, June 6, 2012
Health Workers to Get Help With Student Loan Debt
The National Health Service Corps is accepting applications from primary medical care professionals who are willing to work in underserved areas in exchange for a reduction in their student loan debt.
Through the NHSC student loan repayment program, you can receive up to ,000 toward the balance on your student loans if you successfully complete the program's two-year service requirement. Two-year half-time commitments are also being sought, in exchange for ,000 in student loan debt reduction.
Clinicians willing to make a five-year commitment to the program can receive up to 0,000 in student loan debt relief. Eligible applicants who are willing to commit to six or more years of service are eligible to have the entire balance of all their federal student loans forgiven.
The student loan debt relief offered by the NHSC repayment program applies to federal, state, local, and private student loans.
>> Qualifying for the NHSC Student Loan Repayment Program
In order to qualify for repayment through the NHSC program, your student loans must have been taken out prior to your enrollment in the program. The program will not repay student loans that were not clearly used to pay for education or student loans that were not issued by a government or commercial lender (i.e., personal loans).
College loans that have already been repaid; parent loans, such as those issued under the federal PLUS parent loan program; personal lines of credit; residency relocation loans; and credit card balances are not eligible for repayment under the NHSC student loan debt relief program.
In addition to offering student loan forgiveness to qualified applicants, the program also offers incentives for providers willing to work half-time in underserved areas, including more flexible student loan repayment terms and credits for teaching.
Service is needed in extremely rural areas where primary medical care is otherwise unavailable and in more densely populated but underserved urban areas. Qualifying primary care positions are also available at state and federal correctional institutions, community mental health facilities, Indian Health Service provider sites, hospital-affiliated primary care practices, public health programs, and community care facilities.
The NHSC is actively seeking medical doctors, psychiatrists, licensed mental health counselors, dentists, physicians' assistants, and nurses. All licensed primary care providers, nurses, and mental health providers are eligible to participate in the student loan repayment program; however, if you opt to make a full-time commitment to the NHSC, you must not already be participating in another federal or state program, or have active or pending military duties that would prevent you from fulfilling your NHSC work commitments.
>> Applying for the NHSC Student Loan Repayment Program
To get more information or apply for the NHSC student loan debt relief program, visit the NHSC website.
From the NHSC website, you can find out more about the agency, browse a database of program FAQs, and find open job positions in all 50 states that are eligible for the student loan repayment program.
>> About the National Health Service Corps
Part of the U.S. Department of Health & Human Services, the NHSC currently employs about 7,500 primary care providers at 10,000 sites around the United States. The NHSC expects to employ 11,000 health care professionals by the end of 2011 and 15,000 by the end of 2015.
The student loan repayment program is funded by a nearly 0 million appropriation from the Affordable Care Act.
Through the NHSC student loan repayment program, you can receive up to ,000 toward the balance on your student loans if you successfully complete the program's two-year service requirement. Two-year half-time commitments are also being sought, in exchange for ,000 in student loan debt reduction.
Clinicians willing to make a five-year commitment to the program can receive up to 0,000 in student loan debt relief. Eligible applicants who are willing to commit to six or more years of service are eligible to have the entire balance of all their federal student loans forgiven.
The student loan debt relief offered by the NHSC repayment program applies to federal, state, local, and private student loans.
>> Qualifying for the NHSC Student Loan Repayment Program
In order to qualify for repayment through the NHSC program, your student loans must have been taken out prior to your enrollment in the program. The program will not repay student loans that were not clearly used to pay for education or student loans that were not issued by a government or commercial lender (i.e., personal loans).
College loans that have already been repaid; parent loans, such as those issued under the federal PLUS parent loan program; personal lines of credit; residency relocation loans; and credit card balances are not eligible for repayment under the NHSC student loan debt relief program.
In addition to offering student loan forgiveness to qualified applicants, the program also offers incentives for providers willing to work half-time in underserved areas, including more flexible student loan repayment terms and credits for teaching.
Service is needed in extremely rural areas where primary medical care is otherwise unavailable and in more densely populated but underserved urban areas. Qualifying primary care positions are also available at state and federal correctional institutions, community mental health facilities, Indian Health Service provider sites, hospital-affiliated primary care practices, public health programs, and community care facilities.
The NHSC is actively seeking medical doctors, psychiatrists, licensed mental health counselors, dentists, physicians' assistants, and nurses. All licensed primary care providers, nurses, and mental health providers are eligible to participate in the student loan repayment program; however, if you opt to make a full-time commitment to the NHSC, you must not already be participating in another federal or state program, or have active or pending military duties that would prevent you from fulfilling your NHSC work commitments.
>> Applying for the NHSC Student Loan Repayment Program
To get more information or apply for the NHSC student loan debt relief program, visit the NHSC website.
From the NHSC website, you can find out more about the agency, browse a database of program FAQs, and find open job positions in all 50 states that are eligible for the student loan repayment program.
>> About the National Health Service Corps
Part of the U.S. Department of Health & Human Services, the NHSC currently employs about 7,500 primary care providers at 10,000 sites around the United States. The NHSC expects to employ 11,000 health care professionals by the end of 2011 and 15,000 by the end of 2015.
The student loan repayment program is funded by a nearly 0 million appropriation from the Affordable Care Act.
Friday, April 20, 2012
Battling Myths of Payday Loans, Credit Scores, and Debt Solutions
A low cost payday loan is a cost effective way to get your hands on fast money. The low cost of payday loans flies out the window when you extend the loan past the original pay date. The loan may still be helpful, especially if it kept your payments going out on time. Having a plan for your money and following through is one of the best ways to come out of an online payday loan clean and unscathed.
There are some people who think that their credit is pretty high until they pull their report. There is a high percentage of errors which are found on credit reports. If your score is lower than expected, comb through the information looking for mistakes. Human error is easily corrected and when it means a higher score and lower interest payments on your credit, it definitely is a job worth accomplishing.
Some people are leery to check their score thinking it will hurt the overall numbers. Checking it yourself is generally a non-affecting action. it takes hard inquiries from potential creditors to lower your score. You will need to check all three credit reports. Each company works their own reporting meaning you may have errors in any of the three so checking one will only solve one problem not three.
The credit bureaus want you to check your credit. They created annualcreditreport.com so anyone can have access to a free credit report every three months in order to keep tabs on what is being reported. There are many other websites which have tried to emulate this free version by offering a free report from only one of the three bureaus. Others will make you sign up for a low cost look but will keep charging each month unless you remember to cancel the service.
Debt in collections gets sold between collectors. An old debt, which morally would make sense to pay, could possibly be past your states statute of limitations. Making one payment could restart the clock for the debt giving the lender another opportunity to take you to court. If the debt is older than 7 years, it should not even be on your credit report at all and you should forget about trying to pay it. Focus on maintaining your present finances.
Opt for a credit counselor who can help refocus your budget to make your income work for you rather than debt settlement or the last resort bankruptcy option. Choosing an option which will make your credit score suffer more may not be in the best interest of your future finances. Whatever damaging reports the creditors will report is to remain for seven years. Debt settlement programs make take a few years to collect enough money to negotiate the settlement. Once the settlement is made and the creditor is paid, the report will reflect "settled payment" which is still a negative. Your bad credit could continue for another 9 years or more by using a debt settlement company. As bad as bankruptcy is, it could potentially be over faster than debt settlement. Having a second chance at your credit is a great thing. The key here is to learn from your mistakes so your fresh start is built on solid financial ground.
Maintaining high balances or closing credit cards will also lower your score. A credit report wants to see you manage your debt. Do your best to maintain less than 30% of the available balance and rotate the cards to keep them active. You have to prove to potential creditors that you have the money skills to be a good business decision.
Opting for a payday loan to help with debt is not a good decision. These loans expect a payoff which includes the fees in just a few weeks. Usually people who are already carrying a large pile of debt will struggle to pay off the direct payday loan on time. Use online payday loans sparingly and have a payoff plan before signing for the loan. Too many of these loans out eat away at your income. Keep them a low cost option by using them sparingly. The high interest attached to these loans can do too much damage to a struggling budget when not paid off on time.
There are some people who think that their credit is pretty high until they pull their report. There is a high percentage of errors which are found on credit reports. If your score is lower than expected, comb through the information looking for mistakes. Human error is easily corrected and when it means a higher score and lower interest payments on your credit, it definitely is a job worth accomplishing.
Some people are leery to check their score thinking it will hurt the overall numbers. Checking it yourself is generally a non-affecting action. it takes hard inquiries from potential creditors to lower your score. You will need to check all three credit reports. Each company works their own reporting meaning you may have errors in any of the three so checking one will only solve one problem not three.
The credit bureaus want you to check your credit. They created annualcreditreport.com so anyone can have access to a free credit report every three months in order to keep tabs on what is being reported. There are many other websites which have tried to emulate this free version by offering a free report from only one of the three bureaus. Others will make you sign up for a low cost look but will keep charging each month unless you remember to cancel the service.
Debt in collections gets sold between collectors. An old debt, which morally would make sense to pay, could possibly be past your states statute of limitations. Making one payment could restart the clock for the debt giving the lender another opportunity to take you to court. If the debt is older than 7 years, it should not even be on your credit report at all and you should forget about trying to pay it. Focus on maintaining your present finances.
Opt for a credit counselor who can help refocus your budget to make your income work for you rather than debt settlement or the last resort bankruptcy option. Choosing an option which will make your credit score suffer more may not be in the best interest of your future finances. Whatever damaging reports the creditors will report is to remain for seven years. Debt settlement programs make take a few years to collect enough money to negotiate the settlement. Once the settlement is made and the creditor is paid, the report will reflect "settled payment" which is still a negative. Your bad credit could continue for another 9 years or more by using a debt settlement company. As bad as bankruptcy is, it could potentially be over faster than debt settlement. Having a second chance at your credit is a great thing. The key here is to learn from your mistakes so your fresh start is built on solid financial ground.
Maintaining high balances or closing credit cards will also lower your score. A credit report wants to see you manage your debt. Do your best to maintain less than 30% of the available balance and rotate the cards to keep them active. You have to prove to potential creditors that you have the money skills to be a good business decision.
Opting for a payday loan to help with debt is not a good decision. These loans expect a payoff which includes the fees in just a few weeks. Usually people who are already carrying a large pile of debt will struggle to pay off the direct payday loan on time. Use online payday loans sparingly and have a payoff plan before signing for the loan. Too many of these loans out eat away at your income. Keep them a low cost option by using them sparingly. The high interest attached to these loans can do too much damage to a struggling budget when not paid off on time.
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