• Top Freedom Debt Management News – April 2, 2010
  Posted on Friday, April 2nd, 2010 in Freedom Debt Management – Comments: (0)
  Debt Settlement Choose Better Debt Settlement | Better Information …

This post via the Freedom Debt Management blog, an educational resource to help you gain control of your debt management and finances.

Top Freedom Debt Management Info in Apr

April 2, 2010

This post via the Freedom Debt Management blog, an educational resource to help you gain control of your debt management and finances.

Top Freedom Debt Management News – April 2, 2010

• Credit Self Help
  Posted on Friday, June 5th, 2009 in Do It Yourself Debt Settlement – Comments: (0)
  Credit self help strategies need to begin with pulling your credit report so you know what is being reported about you and your debts.All Americans are now eligible to receive a free copy of each of the three major credit reports on an annual basis.  This is to help consumers manage their credit, but most importantly monitor it to ensure they have not fallen victim to identity theft.  I encourage everyone to make this part of their annual financial planning.Here is the website:      https://www.annualcreditreport.comThey will take you through a series of questions to make sure you are who you say you are, and the questions they ask only you would know the answer to, as they pull them from your credit reports.You will be given the option to purchase one or all 3 of your FICO scores too.  I also recommend you do this, as this will tell you how banks view your credit report from a lending stand point.
• Debt Reduction Tools
  Posted on Monday, June 1st, 2009 in Debt Management Software – Comments: (0)
  There are many different debt reduction tools on the market, both free and paid.  If you only have a few debts to manage, and your situation is fairly simple, then a free tool will work just as well as a paid tool.  If your situation is complex, either you have many debt accounts or you have business and personal debts you want to manage, a paid version may be a better alterative for the long run.For a simple debt reduction tool, you can find several templates in Google Docs, which is online storage for personal or business documents that you can share with others.  When you sign up for a Google account, and access Google Docs, they have templates that are public tools available to be used by an any user.    Once in Google Docs, you can access under New, From Template.Here is a link to a loan amortization calculator.
• How to Eliminate Credit Card Debt
  Posted on Tuesday, June 9th, 2009 in Do It Yourself Debt Settlement – Comments: (0)
  How to eliminate credit card is really dependent on the amount you owe and your cash flow.If you have been consistently making your payments on time, and continue to have the cash flow to support the payments, then this simple strategy will help tremendously.Step 1Make a list of all your debts, including: who is owed, balance, interest rate, minimum payment required.Step 2Evaluate your cash flow.  How much do you have to put toward your debt load each month.  Look at your income, less your usual expense (mortgage or rent, utilities, discretionary, savings). Step 3Take the amount you have to pay towards your debt each month, and apply the minimum monthly payment against each debt.  Then, take the additional amount you have left, and apply it to the credit card with the highest rate first until this debt is paid off.  Once you have paid off your first debt, then take the freed up cash flow, and apply it all to your next highest interest rate debt.
• IRS Debt Help
  Posted on Wednesday, June 3rd, 2009 in IRS Debt Settlement – Comments: (0)
  This is an informative website that can help with some of your IRS debt help questions.
• Bankruptcy Self Help
  Posted on Thursday, June 11th, 2009 in Do It Yourself Debt Settlement – Comments: (0)
  Can I File For Bankruptcy Self Help?Though technically you can enter into bankruptcy on your own, I DO NOT recommend it.  It will be well worth the time and stress in hiring a specialized bankruptcy attorney to help you through the process.To file Chapter 7, which is a full liquidation (if you qualify), attorney fees can run around $1700 and up, depending on the complexity of your case.To file Chapter 13, which is a wage earners plan, basically a reorganization of debt with a repayment plan of 3-5 years, attorney fees can start at $3000 and up.  It is more expensive to file for Chapter 13 because your case is open for 3-5 years through the repayment plan, which requires attorney involvement throughout the process.Filing for bankruptcy is not an easy decision, but you may be faced with it.  And if so, I encourage you to find 2 – 3 of specialized bankruptcy attorneys in your area that offer a free initial consultation for you to meet them and ask questions, and find out what all your options are.

This post via the Freedom Debt Management blog, an educational resource to help you gain control of your debt management and finances.

Top Freedom Debt Management Info in Jun

• Debt Settlement Companies
  Posted on Friday, May 8th, 2009 in Debt Negotiation Services – Comments: (0)
  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 problem identified is how your credit will be hurt by using one of these companies.  In all reality, if you are at a point of needing the services of a debt settlement company, I doubt your credit score is really a priority.  If you can’t pay your bills, it doesn’t matter if you have good credit.I recommend researching all companies though first, and this includes searching the company name in any search engine (Google, in example).  If you search for the company name in quotations (“Debt Settlement ABC”), this will narrow your search to the most relevant content.
• Ways to Get Out of Debt
  Posted on Tuesday, May 5th, 2009 in Credit Card Debt Solutions – Comments: (0)
  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 out, all the tips and tricks in the world to get you out will be short lived.  I have worked with many clients over the years on debt management, and the bottom line is, getting to the source of the problem and developing a different way of thinking about money will truly help you overcome the debt burden for good.Before I go into how to get out, I want you to take a few hours and organize all of your debts and monthly bills.  I recommend using a spreadsheet or just simply writing it out on a piece of paper.
• Debt Management Spreadsheet
  Posted on Monday, May 11th, 2009 in Debt Management Software – Comments: (0)
  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 InformationIf you compile all the information above, this will give you everything you need in one place to help effectively analyze and manage your debt situation.  You may consider adding all of your monthly bills to this spreadsheet (utilities, rent, mortgage, etc), and also do a similar exercise for your dictionary expenses (food, entertainment, etc) and establish a budget for each item to help control spending.
• Free Debt Management Software
  Posted on Thursday, May 7th, 2009 in Debt Management Software – Comments: (0)
  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 budget, see how interest accrues when saving, and different loan calculators such as auto loans and mortgages.  This would not be recommended for managing cash flow long term, but its perfect for someone just getting started on trying to understand their current financial situaion.
• Podcat Alley Feed
  Posted on Tuesday, May 12th, 2009 in Freedom Debt Management – Comments: (0)
  My Podcast Alley feed!

This post via the Freedom Debt Management blog, an educational resource to help you gain control of your debt management and finances.

Top Freedom Debt Management Info in May

This post via the Freedom Debt Management blog, an educational resource to help you gain control of your debt management and finances.

Podcat Alley Feed

• Christian Credit Counseling
  Posted on Thursday, April 16th, 2009 in Christian Debt Settlement – Comments: (0)
  Christian Credit Counseling is the first step in taking control of your personal finances.  My experience suggests that most people do not intentionally make bad money decisions, but that these decisions are simply based on a lack of education or knowledge.  I have worked with many very intelligent people over the years as financial advisor, and many of these same people knew very little about managing money.  This can lead to financial disaster without the appropriate help or guidance.  If you feel out of control with your finances, seeking a Christian credit counselor can be the first step to recovery.
• Christian Debt Help
  Posted on Friday, April 17th, 2009 in Christian Debt Settlement – Comments: (0)
  To find Christian debt help, the first place you should look for a referral or recommendation is your own church.  If you do not belong to a church, then seek out advice from a friend or family membr.  Most church organizations have credit counselors they can refer you to that will meet with you at no cost to provide some guidance on what your options are to gain control of your finances.
• Christian Debt Settlement Companies
  Posted on Wednesday, April 15th, 2009 in Christian Debt Settlement – Comments: (0)
  Christian debt settlement companies can be found all over the internet.  In reviewing any debt settlement or negotiation company, putting the word Christian in the mix should not be reason enough to choose one company over another.  You need to do your own research on the company to ensure they are reputable and will follow through on their part in the settlement process.  The things that set a Christian debt negotiation company apart from others is that they are non-profit organizations that are certified and recognized by Christian churches and financial organizations.  In addition, they use Biblical principles to help clients not only take control of their debt, but also help them determine how they got there to begin with to help ensure it doesn’t happen again.
• IRS Debt Collection
  Posted on Wednesday, April 22nd, 2009 in IRS Debt Settlement – Comments: (0)
  If you are behind in your tax obligations and the IRS debt collection agencies are calling, you are most likely fearful and trying to avoid the calls.  That is the worst thing you can do.  As with anything in life, if you face the problem head on and are proactive about dealing it, the fear will subside because you will be in control.So many people try to avoid financial problems rather than just dealing with them.  Sometimes it’s because of not knowing what to do, and sometimes it’s simply fear.  Regardless of the reason, you must take control and evaluate your options.  I don’t guarantee many things in life, but I guarantee that if you work proactively with the IRS, the solution will be less painful than if you try to avoid it.
• Welcome to Freedom Debt Management Help
  Posted on Tuesday, April 14th, 2009 in Freedom Debt Management – Comments: (0)
  Times are tough for almost everyone in today’s economy.  I have worked with may people over the years as a financial advisor, helping clients set financial goals, review their current situation, then put an action plan in place to achieve these goals.  But with today’s economy, there are so many people that are just trying to keep their head above water.  I have found that so many people have simply gotten in over their heads financially and are struggling to get out.  The purpose of this blog is to provide resources and education on how to take control of your debt and move forward with your over all financial health.Times are stressful enough.  What creates the biggest problems in managing debt is when you sweep it under the rug and hope it just goes away.  Avoiding problems is NEVER the solution.  Defining reality, understanding what your situation looks like in detail, and knowing how you got into this position is the beginning of taking control.

This post via the Freedom Debt Management blog, an educational resource to help you gain control of your debt management and finances.

Top Freedom Debt Management Info in Apr

Times are stressful enough.  What creates the biggest problems in managing debt is when you sweep it under the rug and hope it just goes away.  Avoiding problems is NEVER the solution.  Defining reality, understanding what your situation looks like in detail, and knowing how you got into this position is the beginning of taking control.  I don’t guarantee many things, but I will guarantee that by taking control and doing something will reduce the stress and taking action will help you over come these challenging times. 

I hope you find this information helpful.

This post via the Freedom Debt Management blog, an educational resource to help you gain control of your debt management and finances.

Welcome to Freedom Debt Management Help