Do you have IRS tax problems? With today’s economic conditions, more and more people are finding themselves behind n payments to Uncle Sam. This is more commonly found amongst small business owners.
Of all creditors, the IRS is not one you want to sweep under the rug in hopes it will just go away.
As with most [...]
Here is a sampling of a few different debt settlement letters:
#1 Unsolicited Offer to Creditor
Your Name
Your Address
Your Phone #
Creditor’s Name
Department
Creditor’s Address
Date
Dear Creditor,
Re: Account Number__________
After a long period of financial crisis, I’m finally in a position where I can take care of my debt whose account number is given above. I would appreciate in advance all [...]
Here are a few tips for self help debt reduction.
Once you have a handle on your overall debt load, begin calling each credit card company and ask for a reduced interest rate. Your payment history with the card company will be a factor in negotiation, so if you have been late several times, they may [...]
I hear this question often, Julia help get me out of debt! This question is become more common today as the credit card companies are putting the squeeze on debt holders. From increasing penalty fees (late and overdrawn accounts), to increasing interest rates, the credit card companies excuse is that they need to maintain a [...]
There are really only 5 ways to reduce IRS tax debt, but all of them begin with an accurate assessment of the problem.
As a rule of thumb, it is recommended that if your tax debt is less than $10,000, you can handle this one on one with the IRS.
If your debt is between $10K – [...]
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A simple and affordable way to get a handle on your finances while not requiring fancy software is by creating a Debt Management Spreadsheet in excel or any spreadsheet software program.
The information you need to gather to effectively analyze your debts is the following:
Due Date
Creditor Name
Total Amount Owed
Minimum Payment Required
Interest Rate
Website Login Information
If you compile [...]
Before you hire a debt settlement company, you need to do your research to ensure they are reputable and will not just take your money with no follow through on their promises. Many people think all debt settlement companies are a scam, but if you read the general concerns about debt settlement, the most common [...]
Throughout this blog, I will analyze various free debt management software tools. Here is the first one I tested:
Credit Federal Free Budget Calculator to help manage expenses. Also includes a Savings Calculator to determine interest earnings.
I like this because it’s simple, and includes several different calculators all bundled in one. You can calculate your monthly [...]
There are many different ideas about ways to get out of debt, and throughout this blog, I will educate you on various ideas and provide the advantages and disadvantages to each.
But to start at a very simple point, you need to understand how you got into debt in the first place. Unless you figure this [...]
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