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Consumer Personal Loans
Credit Card Debt
Advantages of Making Credit Card Debt Payments on Time and Other Tips
Avoiding Credit Card Traps
Credit Card Counseling – Learn Credit Management Tips
Credit Card Debt and Simple Ways to Consolidate Them
Credit Card Debt Consolidation Nationwide Epidemic
Credit Card Debt Consolidation Solutions
Credit Card Debt Help for Senior Citizens
Credit Card Debt Reduction
Credit Card Debt Solutions That Can Help
How to Pay Your Way Out of Credit Card Debt
Paying Off Your Holiday Credit Card Debt
Prevent Identity Theft With a Credit Freeze
Saving Money on Your Credit Card Bills
Terminate Credit Card Debt Without Consolidation
Tips on Credit Cards, Part 1
Credit Collection Laws
Credit Repair Organizations Act
Fair And Accurate Credit Transaction Act
Fair Credit Billing
Fair Debt Collection Practices – Know Your Law
Statute of Limitations
The Fair Credit Reporting Act
The Fair Debt Collections Practices Act
The Truth In Lending Act
Credit Counseling
Can Consumer Credit Counseling Help Avoid Foreclosure
Credit Card Counseling
Credit Counseling a Must for Bankruptcy
Credit Counseling Benefits
Credit Counseling Can Reduce Your Debt
Difference Between Credit Counseling and Debt Settlement
Free Credit Counseling to Help Manage Your Debt
Using Credit and Debt Counseling to Manage Your Finances
What Can Credit Counseling Offer You?
What is Credit Counseling
What to Ask a Credit Counselor?
Credit Education
Consumer's Rights
Establishing New Credit
Finance Charges
Credit Reports and Scores
Credit Repair After Bankruptcy
Do you Know the Benefits of Checking your Credit Report?
Debt Consolidation
4 Valuable Tips on Debt Consolidation
Become Debt Free With Financial Advice
Benefits of Debt Consolidation
Bill Consolidation Loans
Bill Consolidation Advice to Help With Debt
Credit Consolidation: Is It Worth Taking?
Debt consolidation and Ways to Avoid Scams
Debt Consolidation Explained - What Happens if You Don't Pay?
Debt Consolidation Loans
Debt Consolidation Loans for Payday Loan Debt
Debt Consolidation Non-Profit
Debt Consolidation Now Will Improve Your Credit Score Later
Debt Consolidation Provides Relief from Financial Stress
Debt Consolidation Services Helps to Clear Debts
Debt Consolidation – Find Relief To Your Financial Stress
Debt Management Program
Debt Management Program Will Ease Debt Burden
Do You Need Debt Consolidation?
Get a Debt Consolidation Loan to Manage Bad Debts
Government Debt Consolidation Loans
Government Debt Consolidation Loans for Student Loans
How to Consolidate – Debt Help – Consolidate Your Debt Payments
How to Consolidate Bills Effectively When Left in Debt
How to Consolidate Debt
Let the government help you consolidate your debts
The Advantages of Credit Consolidation
Understanding Debt Consolidation Loans
Debt Settlement
Elderly Can Benefit from Debt Settlement
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Bill Reminder Tool
Bill Reminder User Guide
Car Loan Calculator
College Savings Calculator
Credit Card Payoff Calculator
Mortgage Loan Payment Calculator
Retirement Calculator
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Loan Modification Guide – Do It Yourself
Frequently Asked Questions
Step 1: Prepare yourself
Step 2 Gather the necessary documents
Step 3 Know what to expect
Step 4 Contact your lender
Step 5 Review your loan-modification plan
Step 6 Finalize the approval and begin making payments
Home Buying
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Home Equity Interest Rate Charges
Home Equity Line of Credit
Home Equity Loan Fees
Managing Your Mortgage
Mortgage Basics
Mortgage Debt Elimination, 3 Things You Must Know
Real Estate Laws
Renting vs Owning
Interesting Money Articles
12 Amazing Facts about Credit Card Debt
12 More Interesting Facts About Money – Part 2
24 Amazing Pictures of Money
Introduction To Budgeting
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All You Need to Know About Budget Basics
Basics of Personal Budgeting
Budgeting – How Much?
Debt Management and Prevention Using a Budget
How to Pay Off Debt – Start Budgeting
Maintaining and Budget Planning
Manage Your Debt by Learning How to Budget
The Basics of Budgeting
Transcript – The Basics Of Budgeting
The Importance of a Household Budget
Managing Debt
Debt Relief The Issue of Forgiveness
Get Out of Debt by Changing Your Financial Habits
Personal Finance Management to Reduce Debt
Start Early Teaching Kids Money Management and Savings
Saving Money
Banking & Credit
How 'Charge Offs' Effect You
Insurance & Housing
Money Management Means Setting Goals
Save Money When going to work
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What Debt Should You Pay First?
Young Couple Finances
Student Loan Debt
Student Loan Default Penalties
Consolidate Student Loans
Student Loans and the Credit Squeeze
Types Of Debts
Auto Loan Prepayment Penalties
Balance Transfers
Credit Card Minimum Payments
Gambling Debt Problem Gambling and Bankruptcy Connection
Holiday Credit Card Debt
Ideas To Save
Inherited Debts?
Six Easily Avoidable Causes of Debt
Ways to Pay Off Holiday Debts
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Difference Between Credit Counseling and Debt Settlement

The choice between credit counseling and debt settlement is a matter of identifying the cause of debt problems and selecting the correct solution.
When Debt Becomes a Worry
The symptoms of excessive debt are pretty easy to see, as follows:
  1. A great deal of time is spent adding up monthly bills and figuring out how to pay them.
  2. Sleep is lost due to concern about mounting debt and meeting debt obligations
  3. Late or missed payments are becoming rather regular occurrences
  4. Monthly bill payment activity causes stress and anxiety
Identification of the causes of the above symptoms will determine what you do to alleviate the situation. If there is enough income to meet the debt obligations, but irresponsible spending and saving habits are the cause of the problem, then credit counseling is warranted. If the debt is simply too much for the income to bear, then debt settlement is the option to be selected.

Credit Counseling

Many individuals enter adulthood and the world of work with no experience in managing personal finances. The result is that, no matter how much income the individual may have, bills just do not get paid on time. This behavior can ruin one’s credit and result in credit denial for major purchases such as a home or car. Credit counseling is most assuredly warranted for this individual
A credit counselor will perform the following services for the individual who cannot manage his own finances:
  1. Develop a budget based upon income and regular monthly expenses. Each monthly expense will be listed, including when during the month it is to be paid and out of which paycheck, if there is more than one paycheck a month. An amount from each paycheck can also be earmarked for savings if income allows this.
  2. There will be continual follow-up with the consumer to ensure that the budget plan is being followed and that there is no “backsliding” into old habits of irresponsibility.
  3. In some instances, the outrageously irresponsible spender may have to turn over his/her paycheck to the counselor, who pays all bills and gives an “allowance” to the spender for groceries, gas and other personal items.

Debt Settlement

Debt settlement is used when debt has become so cumbersome, that current income cannot meet all of the demand for payment. It is often difficult for an individual to perform this service for himself, so services of a settlement professional may be warranted. This individual is responsible for contacting all creditors and attempting to settle the existing debt for a much lower amount. There are fees involved for this service, and usually a debt consolidation loan is secured to payoff the settled debt amounts, but the debtor then becomes free of the old debt while making one lower payment to pay off the consolidation loan and the fees of the professional. It is important to remember that debt settlement will affect credit in a negative way for a period of time. Once the consolidation loan is paid off, it is wise to re-establish credit slowly by securing small amounts of debt that are paid off in a responsible manner.

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