Why the Ultimate Stop Foreclosure Package?
Well many are wondering right now “Why are you creating an Ultimate Stop Foreclosure Package? And if it is so good then why would you just give it away for free? Well my friends John just couldn’t understand it.
He pressed me for an answer. Look at all the time you’re spending putting that information together. Why would you give away all that high quality information for free? It will be worth well over $500.00 when it’s done. Guess why nobody can convince me to charge money for this package.
Want the Hidden Truth about Debt Settlement Programs?
Yesterday I wrote a post on debt reduction. Today I wish to continue that conversation and share a bit more about how this process can help you.
According to what most of my clients are saying, I can tell the real issue with so many who are facing foreclosure is that they just don’t have enough money to pay their bills. You do want to start making more money per month as well as find legitimate ways of spending less? Isn’t that the real goal?
Are you really committed to that? Well then know this. I am committed to helping you achieve that exact goal. And no matter what your situation may be I’m confident that you can create for yourself the kind of financial life you are seeking.
I strongly encourage you to subscribe to this blog. It is quickly becoming a powerful source where you can find answers for your financial challenges.
You can join a community of people who are working and striving together to stop their foreclosure and start building wealth. I have many really great resources on here that are available either for free or for a small fee.
Some of them will really transform your life. I am constantly updating this site and either gathering or creating more and more resources products that I’m sure you will find very useful. Don’t miss the opportunity to take advantage of our current free e-book and foreclosure report.
I will send it to you completely free when you sign up in the opt-in box at the top right hand corner of the blog at Foreclosure Doctor Online Okay now let’s talk briefly about the hidden truth about debt settlement programs.
The first thing you need to know is that this option is really not for everybody. If you are really concerned about maintaining a healthy credit score in the present moment then I strongly encourage you to consider other options.
Many have experienced a drop in the credit score simply by engaging in one of these debt settlement programs. And new creditors will see that you have enrolled in a debt settlement program and this for some potential creditors will be a red flag that says “Stay Away.”
So what constitutes a debt settlement? Well to put it simply debt settlement is a procedure designed to get rid of an outstanding debt for less than what you actually owe to the creditor.
In other words you promise the creditor that you will pay a lump sum of money that is around 40% to 60% of the actual debt if they agree to close the account and the file and not seek collection on the balance. For many this option poses many ethical questions or concerns.
The question is often raised, “Why should I not pay the full amount of my debt? Why should I even desire or seek for a way to escape paying all that I owe? Well the answer to this question is very personal. So I’m not going to stand in judgment over anyone who has used or is contemplating the use of a debt settlement program.
The debt settlement plan will begin with you stopping all monthly installments to your creditor and saving a minimum of 50% of the total debt owed. At that point you would want to start negotiations with the creditor to ask for a debt settlement agreement.
But what assurance do I have that creditors will accept the reduced payment? Accepting a debt settlement plan proposed by you is totally up to the discretion of the lender.
However there are certain things that you must understand in order to get the best results from any proposal you put forth.
The whole philosophy behind what makes this strategy work is that creditors usually do all they can to recover default or charged off loans in some way or other.
This costs money. If you offer a debt settlement program then the lender does not have to spend that extra cash in collecting that which you owe.
Most times they also have greater confidence that you are trying to pay them and so they won’t sell your account at a lower price to a collection agency. Therefore a reduced payment is usually more than what they would get if they were spending money on debt collection on your account.
Can I start a debt settlement program myself and if so how? Many have been asking this question and so this is a really good sign that most who are in debt are well intentioned and good. They do deserve another chance and paying off debts is a great way of starting that.
If you feel at ease talking to your creditors you certainly may have that conversation with them yourself. However if you do not feel comfortable then you might want to explore the services of a debt settlement company.
They will represent you completely with your creditors and present your plan. Now just because I’m saying that you can negotiate a debt settlement yourself doesn’t mean that you will find it easy to do so. Most creditors know that they can create more pressure on the consumer to pay a debt in full if they do not enter into conversation about debt reduction with the.
You do understand why they would want to keep such negotiations about a debt settlement program between you and a settlement company. Most debt settlement companies have much experience and know how to approach and deal with collection agencies.
- What are the three main benefits of Debt Settlement?
Number one, you get more time to pay. Most debt settlement plans are created for a extended period of time. Often times it is easier to get a creditor to delete a negative listing after you’ve payed down a percentage of the debt over time and met the demands of a debt settlement plan.
Number two, you can squelch rude and harassing creditor calls. By successfully negotiating a debt settlement plan either on your own or through a debt settlement company you can really do much to get creditors off your back.
And number three, you can pay less. That’s the whole entire purpose of doing a debt settlement plan. You actually would end up paying less on the delinquent account. Most times it would be 40%–60% of what you actually owe.
Debt Settlement Programs are definitely something you should consider. I encourage you to study and research whether or not engaging in a Debt Settlement Program is something that will work for you. One that I was reading about earlier today can be found at a site called Smart Debt. Check it out and see how it can benefit you.
All the best!
The Foreclosure Doctor (Online)
Does Debt Reduction Work?
Okay so you’ve called up a so called debt reduction company. They have made tons of promises about what they can do for you. You have placed your trust in their word. Now you’re waiting. Sam and Dana were wondering exactly what you’re wondering? Does Debt Reduction Work?
How do you know they are going to do what they promised they can do? Well let me share some simple ways in which you can answer the question does debt reduction work? As you read this post don’t miss your chance to change your financial status by discovering the power of the Law Of Attraction.
Debt reduction will only work for you if you are willing to work the plan you implement to get out of debt. There are many who really want to get out of debt but they are simply not willing to work. So what should a debt reduction plan look like. After reading this post you’ll be glad you visited the Foreclosure Doctor Online.
Well since this is a blog about how to stop foreclosure I’ve included some simple steps that are focused towards that. You will also want to check out this post where I shared some vital tips on how to Stop Foreclosure By Creating a Money Machine. You will definitely benefit from the ideas on that post.
The obvious question to ask is ”What places are most who are suffering in debt and want to get out visit to find help?” I found this was a big question that many readers were asking and so I did some research for you.
It really helps to have worked out the interest rate on your debts. If you need a compound interest calculator you can access one right here on this site. Just click on this link and you will be able to calculate the total amount you will be paying based on the interest.
Here is what I found the majority of searchers are looking for and why that search may be a bit incomplete. They are looking for debt consolidation, debt management, or bankruptcy. They yearn to find a company that is advertising a quick, easy and painless solution.
They unfortunately invite themselves into the claws and clutches of scam artists who are experts at preying on the unsuspecting debtor. Don’t get me wrong - I’m not knocking companies or programs that offer real genuine and practical solutions. But I do want to share some powerful realities.
Companies touting quick, pain-free fixes may often be scam artists that cause more harm than good. These services almost never help solve the real problem.
So can I give you a quick tip right now? Don’t look for an easy solution to debt reduction. If you are looking for something that does not require hard work and effort you’ll most likely end up quite disappointed in the long run.
Well then what should I look for? I’m so glad you asked. Here are five surprising things to look for when seeking to do a debt reduction program.
- Look for a program that makes you work
- Look for a solution that requires great discipline
- Look for a system that has a detailed plan of action
- Look for a method that suggests a new budget
- Look for a system that requires you to change
I know you are probably quite surprised by my five suggestions. They completely shock most readers because they ask you to look for a program that forces you to change who you are internally. But isn’t that the way life change and transformation really takes place?
The great truth is that if you don’t like the way your life is you can change it but you have to discover that change by working from the inside out. Do you know why most people never experience the powerful results they want? Because they are continually looking without themselves for some magical quick fix.
My five suggestions of what to look for challenge you to find a program that takes you inside. Most people don’t want a program that makes them work hard with discipline. Have you ever seen great success without great work and discipline? Any debt reduction program that is worth its weight in gold must require you to work.
And you do want to work don’t you? I mean what’s the real value of doing all the negotiation for debt consolidation and then coming to the place where you have to contribute your piece of budgeting, keeping receipts, sticking to a budget that you established, or doing what you can to make more money, but then not doing the work?
Furthermore, you need a detailed plan of action with specific steps or actions that you must follow every day. Don’t fall for no general and unclear plan. Many engage in a plan that is not complete because there’s no detailed action.
The real question is are you willing to go through the detailed action necessary in order make a debt reduction plan really work for you? If you are I promise you have a chance to get out of debt and change your financial picture.
Ultimately it make sense for you to engage in a debt reduction program. It is a great step towards stopping foreclosure and experiencing financial freedom. You can find credit card relief, student loan relief, bad debt relief and numerous other benefits by finding a good debt reduction program.
But what most people don’t know when searching for a program is that the greatest search must be within. You have to find within yourself a burning desire to change your financial life completely.
As you search for a good debt reduction program I want you to never forget that it is the power of your own will and the determination of your heart that will eventually create your success.
All the Best!
The Foreclosure Doctor (Online)
How Do I Beef Up My Credit In Seven Steps?
Everywhere we turn we are hearing the word “credit.” It just seems like everybody wants more and more credit. And those who really need credit cannot get it yet those who don’t need it are able to get tons of it. This was what Sally and John just couldn’t understand. Why is it so hard for those who really need credit to get credit?
As I talked with them about how to deal with their foreclosure and turn their situation around I realized there is so much the average person does not know about how to build good credit. It’s amazing this information is not taught anywhere.
So I want to share some of the information I share with them about credit with you just briefly. This post is not going to be long. But right before I continue I want to point you to my stop foreclosure and start building wealth package.
Just by signing up with you info at the form to the right you will be able to get some free but powerful information that can change your life.
Let’s face it if you’re facing tough economic times or even trying to stop a foreclosure it helps to know what your credit situation is like. I have found that sometimes we hide from the truth of our financial situation because we fear it is so bad.
Many people find it difficult to do simple tasks to even start the fight necessary to stop a foreclosure. Tasks like writing a hardship letter and request a debt workout strategy because they are consumed with feelings of fear, guilt and shame.
So let’s look at the whole issue of credit for a moment. Why is it that those who need credit find it so challenging to get it while those who don’t need it seem to be getting it thrown at them?
Well most likely this is an illusion. There are certain criteria that creditors look at when deciding who to lend money to and who to avoid like the plague.
It is really quite simple. Those who meet that criteria get the credit and those who don’t meet that criteria don’t get it.
With that being said I know somebody is asking the two fold question. Well how do I know what the criteria is to get good credit? And how do I ensure that I meet that criteria?
Well these are two really important questions. There are so many who do not even know what lenders are looking at when determining whether or not someone is a good credit risk.
Well let me share some simple tips that you can use right now to improve your credit. First of all you definitely need to know what is on your credit file at all three credit bureaus.
You can get a copy of your credit file by going to www.myfico.com. There you can access all the personal information that a lender would view.
Studies say that many times your personal credit file may contain errors and experts recommend personally keeping track of your score and your credit file to make sure it is up-to-date and accurate.
So this is definitely an area of your life that deserves constant on going attention. I am going to write more on that in a few days but just for today I want to share these seven steps you can do to beef up your credit.
- Do Not File For Bankruptcy If You Can Help It
- Go to Credit Counseling
- Pay Your Bills On Time
- Do Not Close Past Paid-Off Accounts
- Pay Down All Debts –– Start Charging Less
- Don’t Carry Balances Greater Than 50% Of Your Credit Limit
- Pull A Credit Report On Yourself Once a Month
By following these seven simple steps you can greatly enhance your credit score and maintain a healthy credit rating. The first step I recommend is that you literally run from bankruptcy if you can. Sometimes when facing financial difficulty we tend to think bankruptcy is a way out. It is not!
Do you have any idea how long a bankruptcy will stay on your credit bureau report? They are reported on your credit bureau for up to 10 years.
Furthermore a bankruptcy is far worse than having deficiencies , bad defaulted loans or current collections filed against you. Recovery after bankruptcy is far more challenging because it is simply difficult to get credit.
I strongly encourage people who are faced with financial strain and have bad credit to go to credit counseling. It might be quite beneficial to spend some time talking with one of the many nonprofit agencies available such as Consumer Credit Counseling Services to set up a debt repayment plan.
Credit counseling, the way it is done today will probably not damage your credit score. Seek for someone who will agree to not impact your score in any way. There are many credit counselors out there who will simply provide vital information and explain how to read, understand and enhance your credit report.
Paying your bills on time will also work wonders for your credit file right now. Simply by starting to pay all your bills immediately and on time you begin to create for yourself a better payment history. You build up a record of faithful, on time payments and this gets reflected on your credit report.
Over a 3 to 6 month period this simple action can boost your credit score by numerous points. You will experience a lift you never knew was possible by simply making sure your payment gets in on time.
The wise old counsel of the day used to be that you should close off old accounts that were not being used. Currently the advise is that you should do that exact opposite. Closing your accounts in fact, may often hurt your credit score. It usually never helps raise your score.
Credit bureaus these days value the longer and more rich history of a report with old accounts that are paid off. For them it shows that you have more credit than you really need and that you do indeed pay your bills completely.
Because lenders like to see consumers have plenty of spare space in there credit borrowing capacity. Therefore maxing out your credit cards is never a good idea. So I advise you to pay off as much debt as possible. This widens the gap between how much you owe and how much you can borrow.
Well I certainly am a believer in these simple steps to helping to fix your credit. No it is not an overnight fix but I promise you over time it will build a strong credit picture for you.
Don’t you wish you had started doing these steps 6 or 12 months ago? Well if you go ahead and start now you will be happier 6 to 12 months from now and you won’t just be wishing. If you want additional information I suggest you check out what the Federal Trade Commission says about Credit Repair.
Good Luck!
The Foreclosure Doctor (Online)
