So you’ve seen the ads for debt settlement companies offering to help you pay off your credit cards and other debt. Should you sign up?
While there is legitimate debt consolidation and counseling available, some debt settlement companies are more eager to scam you out of money than help you pay off your debts. Debt settlement companies to avoid: Read the rest of this entry »
Debt settlement is a strategy more and more consumers are turning to in an effort to eliminate consumer debt. Those that are most drawn to debt settlement are those that are already behind on payments or soon will be. It’s often looked at as an alternative to Chapter 13 bankruptcy. One of the biggest downsides to debt settlement is the inevitable interaction with debt collectors.
Debt settlement requires, in most cases, that you cease making payments to your creditors. After the debt has been charged off, the creditor will assign your debt or sell your debt to a third party collection agency. Read the rest of this entry »
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Welcome to the DebtHelp Blog
This blog covers a wide variety of debt consolidation and loan topics.
We rely on a large network of financial experts and leading authors to write the content for the DebtHelp.com Blog.
Chris Rocks is the Regional Director of the National Credit Federation (NCF). NCF is a nationwide membership-based organization that assists consumers recovering from a financial difficulty and those who need a significant increase in their credit score.
Chris began his financial services career as a Financial Advisor helping young families with risk management and asset accumulation strategies. It was during that time that Chris realized that many of these young families also needed someone to guide their choices with regards to debt management.
He made the transition into the mortgage industry where he first worked as a loan originator and later the Vice President of a small mortgage company. As Chris came across clients who had suffered through financial challenges and saw the difficulty they had in re-entering our credit driven economy, he discovered there was a real opportunity to leverage his unique background and help others.
He can be contacted by visiting his personal site, GoodCreditLiving.com.
Francine L. Huff is the Publisher and Editorial Director of Super Savvy Publishing, LLC, which provides editorial and publishing services. She is a gifted author, freelance journalist, and motivational speaker who has entertained and motivated a variety of audiences through workshops, panels and keynote addresses. Francine is the author of The 25-Day Money Makeover for Women, which has inspired and motivated many readers to rein in poor financial habits, become good stewards over their money and work toward a debt-free life. She has appeared on a variety of TV and radio shows. Francine previously worked for the Wall Street Journal, where she was the spot news bureau chief, a news editor and a copy editor. She has interviewed a variety of financial professionals about financial issues and strives to present information about managing money in an easy-to-understand format that is accessible to people of all backgrounds and income levels.
Karen Lawson is a freelance writer with more than 15 years of experience working in mortgage banking and loan servicing. She holds BA and MA degrees in English from the University of Nevada, Reno. She enjoys writing informative articles about debt management and personal finance.