Credit Card Debt Settlement - Credit Answers

2010-08-16T08:24:00.001-07:00

Ideas For Frugal Travelers http://ping.fm/Iuyjl

2010-08-09T08:10:00.001-07:00

Credit Checks and Employment: Are You At Risk? http://ping.fm/Am8Ss

2010-08-02T08:50:00.001-07:00

Congrats Grads! Let Better Spending Lead You To Success http://ping.fm/4uE63

2010-07-26T08:45:00.001-07:00

Can Buying In Bulk Boost Your Savings? http://ping.fm/bLDwX

2010-07-19T08:25:00.001-07:00

Frugal Retirement Ideas http://ping.fm/8Kssi

2010-07-12T08:38:00.001-07:00

Changes Coming For Bank Overdraft Fees http://ping.fm/n1Cjl

2010-07-09T08:21:00.001-07:00

Credit Answers Has Been Listed as a Member of USOBA http://ping.fm/6zc11

2010-07-06T08:46:00.001-07:00

DIY Home Tips Can Save You Money http://ping.fm/q5ADg

2010-06-28T09:34:00.001-07:00

Staying healthy will save you money http://ping.fm/g2ZQt

2010-06-21T08:44:00.001-07:00

Fun, Frugal Ideas For Kids http://ping.fm/fKsEc

2010-06-14T08:40:00.001-07:00

Don't Let Poor Spending Habits Derail Your Budget http://ping.fm/7di2q

2010-06-07T08:44:00.001-07:00

Tips To Tackle Poor Customer Service http://ping.fm/ExYAt

2010-06-01T11:23:00.001-07:00

Ways Retailers Get Us To Spend Money http://ping.fm/Ifl77

2010-05-24T08:57:00.001-07:00

Boost Your Reserve Account http://ping.fm/rQv6E

2010-05-17T09:11:00.001-07:00

Old Fashioned Budget Ideas http://ping.fm/XBFDj

2010-05-10T08:53:00.001-07:00

Learn To Be Frugal http://ping.fm/KTCMT

2010-05-03T08:42:00.001-07:00

FTC Focuses On Free Credit Report Claims http://ping.fm/kOigg

2010-04-26T09:23:00.001-07:00

Spring Cleaning with Online Auctions http://ping.fm/2285V

2010-04-19T08:15:00.001-07:00

Do It Yourself Car Checkups http://ping.fm/33K6B

2010-04-12T08:33:00.001-07:00

Being Proactive Can Help You Survive a Financial Setback. http://ping.fm/7AzB6

Credit Answers Launches Updated Online Debt Management System

2010-04-08T06:55:00.000-07:00

Credit Answers has launched an updated online debt management system which will enable its clients to more effectively manage their finances. Using the new debt management system, clients can effectively track their progress in Credit Answers' debt settlement program and always know where they are in the negotiation process.

"At Credit Answers, we always strive to make these financially tough times more bearable for our clients. Through our new online debt management system, we want to increase our clients' program awareness and make it easier for them to accomplish their goals of living better debt free." said Bill Loughborough, President, Credit Answers.

The new online debt management system allows clients visibility into their savings schedule as well as a continuously updated view of the negotiations process. "We want our clients to be informed about their program and this improved debt management system will give them real-time access to all of their information. They can use it to not only keep their information current but also keep Credit Answers up-to-date about any events happening in their life that affect their financial future." said Craig Rodgers, Chief Operating Officer for Credit Answers. "We want them to be fully engaged in their program and this is a great tool for that."

The new debt management system can be used by Credit Answers' clients to update their contact information, current debt balances, current savings balances and progress compared to their original plan. In addition, clients can review the current negotiations status of their unsecured debts.

The debt management system incorporates best practices in security by using 1024-bit internet encryption. "We take our client's security very seriously and have implemented security measures to make sure that our clients' information is secure and remains secure." added Rodgers.

The improved system was released in mid-March and, according to Rodgers, it will be enhanced on a regular basis. "By improving our client service offerings, we now have a state-of-the-art launching pad to improve our clients' experience and we will be adding new and exciting features every month."

Credit Answers enables individuals with debt problems to have a fresh financial start. Clients are their first and only priority. Credit Answers realizes the importance of money in people's lives and also the accompanied strain that debt can cause. To assist their clients, they offer financial education with a commitment to specialized personal debt settlement services. Through their established relationships with creditors, they represent their clients and negotiate to settle outstanding balances. Credit Answers is registered with Dun & Bradstreet and is an accredited member of The Association of Settlement Companies (TASC). The firm is located just north of Dallas in Plano, Texas.

Credit Answers specializes in debt settlement, credit card debt negotiation and avoiding bankruptcy. Credit Answers works to enable a new and fresh financial start for individuals with debt problems

2010-04-05T08:42:00.001-07:00

Go Green! Let Earth-Friendly Budget Tips Take Root http://ping.fm/lEMyy

Bargain Hunting Can SAVE You Money & COST You Money!

2010-03-08T08:34:00.000-08:00

Do you consider yourself to be a bargain hunter? Do you coordinate coupons from the Sunday paper with the weekly specials at grocery stores? Do you refuse to pay regular retail for a product?

In most cases, we would congratulate you for exhibiting such cost-conscious behavior. However, your quest to constantly save money can lead to a spending problem, also known as fanatical shopping. This spending personality tends to devote huge amounts of time before they spend any amount of money. Here are some thoughts that might enter the mind of a fanatical shopper:

"I Need To Stock Up!"

Let's say that a multi-pack of paper towels is on sale at your local grocery store and you have a coupon that you can use on "Double Coupon Day." After all of these discounts, you can buy this product for a fantastic price. For this reason, you decide to ask all of your friends and relatives for their paper towel coupon from the Sunday paper. After receiving six coupons, you calculate the costs of six packages. Although it is a great deal per piece, the price significantly increases when you multiply the cost by six.

In this situation, make sure that six packages will not break your budget. Granted, you are probably saving money. But ask yourself if you really need a large amount of a particular item. Although a product such as paper towels will never spoil or rot, be sure that you will be able to use it in a reasonable amount of time. If not, consider putting that extra money towards your reserve account instead of excessively stocking up on products.

"If I Can Save $1.00, I Do Not Mind Driving To A Store Across Town."

Some fanatical shoppers will also go to great lengths to save any small amount of money. If laundry detergent is 50¢ less at store that is 10 miles from your home, it may not be worth the trip, especially with rising fuel prices.

As you strive toward your debt settlement, saving money and changing your financial habits is definitely your ultimate goal. In your mission to cut costs, take all expenses into consideration. A product may be less money at another store. However, in the end, will you waste gas or sacrifice time with your family?

You may consider traveling a long distance to make a major purchase such as a vehicle or large appliance. Saving hundreds or thousands of dollars on these large ticket items may be beneficial to you.

"I MUST Take Advantage Of This Sale!"

The word "sale" may compel a fanatical shopper to purchase items that they do not necessarily need. They want to buy these things because they may feel that each sale is a deal of a lifetime.

First and foremost, ask yourself if these sale items are things that you normally use. Are you buying them just because they are on sale? If so, you are not really saving because you would not have bought it at all if it was regular price.

Secondly, can you afford to take advantage of the sale? Your child's favorite cereal is on sale at the local grocery store. It is a great price and you would like to stock up. However, your child still has three boxes left in the pantry and money is scarce this week. In this case, you may want to bypass this sale and save your money. Remember that there will always be sales. Most grocery and department stores have sales on a weekly basis. If you are not able to take advantage of this sale, another one will most likely occur in the near future.

A fanatical shopper is not necessarily a character flaw. In fact, if you fall into this category, we commend you because you have already mastered the art of saving money and searching for good deals. This skill will definitely help you as you strive to reach your financial savings goals. You just need to find a healthy balance and consider all aspects in your quest to save money.

Payroll card popularity on the rise

2010-03-01T09:23:00.000-08:00

Many larger retailers and various public and private employers across the United States have been issuing payroll debit cards, or pay cards, to their employees rather than paper checks.

According to the American Payroll Association, pay cards operate much like a bank-affiliated debit card, complete with a PIN number. Employees may use pay cards for ATM cash withdrawals, point-of-sale (POS) purchases and online purchases. There is no need to cash a paycheck and users have immediate access to funds directly deposited on the card.

Payroll cards may be most beneficial for workers who do not have a regular bank-affiliated checking account or those who must pay high check cashing fees.

Drawbacks, depending on employer and pay card vendor, may include fees and conditions to withdraw money. Also, some employees may find it more difficult to track their expenditures and budget their money if it goes directly onto a pay card.

A Cause For Consumer Protection

2010-02-08T14:42:00.000-08:00

March 7-13, 2010 marks the 12th annual National Consumer Protection Week (NCPW). The campaign aims to encourage individuals across the country to take full advantage of their consumer rights.

This year's theme, 'Dollars & Sense: Rated "A" For All Ages,' will highlight the importance of using good consumer sense throughout all life stages. The NCPW website at www.consumer.gov/ncpw features a blog where visitors can discover new consumer resources in an informal and interactive setting. Blog topics include 'For Kids,' 'Health' and 'Money.' Visitors will also have the opportunity on the site to connect with representatives of participating public and private consumer protections organizations. To help introduce youngsters 12 years of age and under to consumer and business concepts, the NCPW will feature various links and resources on their site for parents and their children. Featured videos and games could help younger visitors become more aware of key consumer concepts like credit and identity theft, banking and fraud, marketing and advertising.

For more information about the NCPW, go to www.consumer.gov/ncpw.

Tired Of Telemarketing Calls?

2010-01-25T08:20:00.000-08:00

Tougher rules have been established against prerecorded telemarketing calls, aka 'robocalls', due to continuing complaints from consumers who did not give telemarketers written permission to make the calls. According to AARP, violators could face penalties under the Federal Trade Commission's new Telemarketing Sales Rule amendments.

The FTC reminds consumers who receive telemarketer calls that they should be allowed to opt out of the call at the beginning of a prerecorded message by saying 'remove' or by pressing a button to have their number removed from the call list. If telemarketers fail to include the opt-out in the beginning of a pre-recorded message, they could face fines of up to $16,000 per call.

Organizations exempt from the Do Not Call list include politicians and political groups; banks, telephone carriers and utility companies contacting customers; survey takers; debt collectors; charities; certain health-related messages including prescription refill notices; and informational prerecorded messages from schools or road closings, etc.

Consumers should be aware that the new law may not stop all automated calls. Legitimate telemarketers should check the Do Not Call list each month but some don't according to the FTC. If you receive unauthorized telemarketing calls, you can file a complaint by going online to www.complaints.donotcall.gov. You may also file a complaint or register a number on the Do Not Call list at 1-877-382-4357.

Overdraft Protection

2010-01-11T08:19:00.000-08:00

The term "bounce" or "bouncing" can refer to fun children's games or a cute newborn baby. However, when the word bounce is used to describe a check, negative thoughts may come to mind.

Let's face it. Most of us have inadvertently miscalculated our checking account or forgotten about an automatic deduction. It can happen to even the most budget-conscious individuals. Unfortunately, these simple oversights may have resulted in an overdrawn account and costly fees, which will eat into your debt settlement savings. Bankrate.com reports that non-sufficient fund fees can be as much as $35. In addition, your bank may also charge you a daily fee, averaging $2 to $10, for each day your account has a negative balance.

Overdraft protection may help you avoid some of these fees and aggravation associated with bounced checks. You usually have to sign up for this service and have an additional account with your bank. If your account becomes overdrawn, overdraft protection kicks in and obtains funds from a savings or checking account, a credit card, or a home equity line of credit. Because of your limited access to credit, you may consider using an additional checking or savings account for overdraft protection.

When it comes time to re-establish your credit, you may want to reconsider using a credit card or line of credit for overdraft protection. Bankrate.com states that consumers may incur 18 percent or more in interest when they use credit for overdraft protection. Some banks may also charge an annual fee or cash advance fee for this service. With most overdraft protection plans, banks usually deduct money from the linked account in certain increments. For example, if your account is about to be overdrawn by $10, your bank may still take $50 from a line of credit. Therefore, banks encourage you to spend and borrow more money than you really need.

Keep in mind that overdraft protection is intended to help you out in case you accidentally overdraw your checking account once in awhile. According to Bankrate.com, banking experts estimate that approximately 50% of consumers that have overdraft protection use it every month. If you find yourself using this service this frequently, you may consider keeping better track of your expenses.

Don't Be Fooled By Internet Crime

2009-12-28T08:20:00.000-08:00

The Anti-Phishing Working Group reminds consumers to be cautious regarding suspicious e-mail, instant messages or text messages that appear to be from online retailers, banks or auctions sites.

Phishing is a form of Internet crime in which the perpetrator(s) attempt to fool people into giving out personal information by guiding them to a fake bank, retail or other company website which is almost identical to a legitimate site. According to the Anti-Phishing Working Group, there has been a 600-percent increase in criminal "phishing" attacks this year.

Consumers may want to avoid responding directly to phone calls or e-mail communication claiming to be from a bank or other company they do business with. Also, consumers should be wary of clicking on links in e-mail messages that claim to be from familiar companies. It is suggested that consumers call the customer service number listed on their monthly account statement to verify that any communication received is legitimate.

The Anti-Phishing Working group is an association of professionals and organizations that have combined forces to fight Internet crime.

Credit Answers Debt Settlement

2009-12-16T08:47:00.000-08:00

If your credit card debt is out of control, Theres powerful information you need to know. Credit card companies have been given billions to clean their books once and for all. Thats great news for you! Were Credit Answers, and if you have more than ten thousand dollars in credit card debt you have the RIGHT to SETTLE that debt for a fraction of what you owe - with monthly payments you can afford. For free information, call Credit Answers, The ANSWER to your credit card debt. Call 1-800-297-6417. Thats 1-800-297-6417.

Save Money By Negotiating

2009-12-01T09:47:00.000-08:00

Before you negotiate, CNNMoney.com suggests researching prices on your particular item of interest. The more information you have before you bargain, the better your chances may be for getting a good deal. Reatail negotation can be effective tool to help you save money towards your debt settlement savings account.

Also, negotiate nicely and consider a deal that would be advantageous to both buyer and seller. If a retailer is trying to get rid of a floor sample, would it be possible to get a discount? If you can think of a way to bring them new business, could they lower the price? If you pay in cash, would that better your chances for a discount? Try to speak with a manager or senior level employee since they are usually the key decision makers.

Of course, there is no guarantee that a retailer will negotiate with you or offer a discount. If you hear 'no' as an answer, CNNMoney.com suggests keeping your cool. Try to remember to be polite or you may get the reputation of being a bad customer.

If you do decide to try bargaining or negotiating, you may want to consider some advice from MSNBC.com: Be careful when dealing with strangers and remember, if you are in business and decide to trade your expertise for products or business services, those transactions should be reported to the Internal Revenue Service as income. For more information go to irs.gov.

Single Parent A little planning could save you money!

2009-11-09T08:52:00.000-08:00

It is possible to create a budget and, if you involve your children, they may even learn good spending habits in the process! Using a debt settlement savings account can be a good way for single parents to educate their children early and establish good spending habits and the process of saving money.

Child Care.

Consider the help of relatives, friends or other parents. Discuss if they would be willing to watch your children and try to come to an agreement about what you can afford to pay. If your child is a student, some schools offer inexpensive after-school programs.

Think about a new career.

Do you feel you need to update your job skills or foster new ones? Think about what you might like to do and contact an individual in that career field. Perhaps he/she would be willing to meet with you, discuss their career and serve as a mentor. You may also want to research online sites such as elearners.com/projectworkingmom which may offer help for single moms and dads.

Review financial documents.

If having life insurance is affordable for you, it could benefit your children during a time of need. Perhaps you could create a will, review your retirement accounts and update all beneficiary information where applicable in order to secure their future and give you peace of mind.

Don't give up.

Continue your efforts to have an amicable relationship with your former spouse or partner. Being on good terms might make decisions easier and provide a good example to the children you share.

Frugal Food Ideas For Single Parents

Shop with cash.
This may take some planning but consider if it would work for you. Try taking a calculator along with you on grocery trips and add the cost of each item as you put it in your cart This may help you eliminate unnecessary items.

Cook in larger quantities.
Think about investing in a large crock pot or pressure cooker. Try to purchase one at a thrift shop or garage sale. Crock pots allow you to cook larger batches of food at once and pressure cookers can cook delicious meals quickly, leaving you more time for your kids and yourself!

Consider shopping once a week.
If you shop less, you may be less likely to impulse buy, and you might save gas and time as well. Make a list of seven dinners and create your list from these menus. You could also plan your shopping list around sale ads in the weekly papers.

Plant a garden.
If you have absolutely no space available in your back yard for a garden, consider planting various veggies in containers which can be placed on your porch or in other small spaces.

Save Money On Pet Care

2009-10-26T13:12:00.000-07:00

When it comes to pet care, keep in mind that an ounce of prevention may be equal to a pound of cure. Here are a few suggestions to help you save somey to put to your debt settlement negotation.

Spay and Neuter

Animals that are not spayed or neutered may be more likely to suffer health and behavioral problems. Contact your local Humane Society or shelter, explain your financial situation and see if they can offer resources. Many municipally-operated animal shelters in the U.S. offer free or low-cost spay/neuter and vaccination programs.

Keep Pets Restrained

When pets are controlled and out of harm's way, they are less likely to suffer injuries or contract diseases that could harm their overall health.

Consider keeping your cat indoors. If you own a dog, make sure it is always on a leash, in a fenced area or under responsible supervision.

Groom Pets At Home

Be prepared to ask your vet or other professional about proper ways to trim your pet's nails at home to save money. Consider giving your pet a bath at home. Brush your dog or cat's fur regularly to avoid hairballs, and consider brushing your pet's teeth at home as well. According to Parade Magazine, brushing your pet's fur and teeth yourself may prolong time between visits to the groomer.

Dental chews are available that are formulated to control buildup on your pet's teeth. Ask for these at your local pet retailer. It might also be a good idea to check that the treats are accepted by the Veterinary Oral Health Council (VOHC).

Your local library could be a great resource for grooming guides or check for tips on the Internet.

Shop Smart

Eliminating extras like pricey carriers, expensive treats or fashionable 'doggie' couture can really make a difference.

Toys are important for pet exercise and activity, but they don't necessarily have to cost a lot of money. Someone with a little creativity and basic sewing skills can make accessories or soft toys such as a simple catnip pouch.

Information Overload

2009-10-05T12:46:00.000-07:00

Technology is everywhere and our options are endless. It is possible to enjoy the benefits of technology without spending a lot of money. When you see an interesting electronic product or fun gadget, you may want to take time to think about how necessary that item would be in your daily life.

Cell Phones

Some current cell phone plans offer extras like texting, ringtones, games, video and camera capability.

These extras can be enjoyable, but ask yourself if you really need them. Texting, ringtones, and games can add up to $10 per month or more to your phone bill according to Womansday.com.

Consider choosing a plan that fits your basic needs. Woman's Day also suggests looking for free games and ringtones on the Internet. Websites such as Phonezoo.com and Myxer.com might be a good place to start.

If you already have an iPhone, you may have access to free software that will help you manage your budget and save money. According to The Wall Street Journal, Yowza!! combines a Global Positioning System (GPS) with coupons for nearby retailers.

If you need a cell phone but don't want to sign a lengthy contract with one service provider, prepaid cell phones might be an option.

Free Software Ideas

Here are a just a few other software suggestions from PCMag.com. The site releases a yearly review of over 100 free software options which may be worth your time to check out.

Open Office (www.OpenOffice.org) includes a word processing and spreadsheet software, HTML document generation and PDF document generation.

Google Docs (docs.google.com) offers free browser-based document and spreadsheet software.

Gimp (www.gimp.org) is an Image Manipulation Program featuring photo retouching, image composition and image authoring capabilities.

Know Your Stuff (www.knowyourstuff.org) is an online site where you can inventory everything you own. You can even include digital photos of your possessions or scanned purchase receipts.

Geni (www.Geni.com) allows genealogists to plug in their family tree. This web application makes it easy for everyone in the family to view information and share stories, photos and facts of their own.

Office Web, a free version of Microsoft Office suite, will include the Office word processing application, Excel spreadsheet, PowerPoint presentation software and OneNote message pad when it becomes available soon.

Class Action Filed Against Extended Car Warranty Schemers

2009-09-21T09:42:00.000-07:00

If you recently received information in the mail regarding extended warranty information for your vehicle, make sure that you read the fine print. A class action complaint was recently filed in the U.S. District Court by an Illinois consumer, individually and on behalf of other customers nationwide who have purchased so-called "extended warranty" vehicle service contracts.

According to www.bankrate.com, the complaint details the ongoing, wrongful scheme of the company in question to obtain hidden interest charges and penalties from consumers who cancel their service contracts before the term of coverage expires. The complaint charges that the defendants make a practice of heavily penalizing car owners with large interest charges and marketing fees that are not spelled out in their contracts. This practice is in violation of the Federal Truth in Lending Act and the Illinois Consumer Fraud Act. If you receive an extended warranty offer, you may want to do some research before making a commitment to that company.

Credit Answers specializes in debt management, credit card debt settlement, debt negotiation and bankruptcy alternatives. Credit Answers team of experts work to enable a new and fresh financial start for individuals with debt problems. We realize the importance of money in people's lives and also the accompanied strain that debt can cause. Our team has helped thousands of clients across the nation.

Credit Card Companies May Raise Annual Fee

2009-09-08T13:20:00.000-07:00

Some credit card companies may also begin resetting annual fee policies for cardholders prior to the CARD Act law going into effect. According to creditcards.com, the Credit CARD Act bill does not include any direct comment on annual fee setting.

Annual fees first emerged from certain credit issuers under the term "membership fees." Initially, these fees were justified and were used by companies to profit since holders of some cards pay balances in full each month and carry no interest.

As explained by some financial industry professionals, creditors are scrambling before the deadline because consumer credit scores have decreased and the cost of providing credit has increased.

According to creditcards.com, Mail Monitor, a mail tracking service, reported that in the first quarter of 2009, Americans received 372.4 million card offers. According to the report, approximately 27 percent of those offers carried a fee.

At Credit Answers we strive to educate our clients on what is happening in the industry and ways to help save money in these trying financial times.

Auto Insurance Savings Tips

2009-08-31T12:33:00.000-07:00

Car insurance is one of the most common bills that most households are required to pay. Below are some tips that may help you save on this expense and save toward your debt settlement.

Drive Safely

Numerous at-fault claims and traffic violations may increase your insurance rates. You may help avoid the likelihood of an accident by driving defensively and obeying traffic laws. Stay safe by adhering to road signs, driving the speed limit, and resisting the urge to talk on a cell phone while driving. Many insurance companies offer discounts if a policyholder has maintained a clean driving record for a specific amount of time.

Take Advantage Of All Discounts

You may qualify for car insurance discounts for a variety of reasons. Mention to your insurance company if your vehicle has features such as air bags, anti-lock brakes, and anti-theft devices. Keep track of how often you use your vehicle. If your mileage is lower than average, you may receive a discount. Younger drivers usually cost more to insure. Discounts may be available for student drivers with good grades or college students in the household that live on campus for most of the year. Your insurance company may also offer you a multi-policy discount if you purchase both auto and homeowners coverage.

What To Do In An Auto Accident

Here are some tips provided by Erie Insurance Group (www.erieinsurance.com) to help you remain calm and gather the necessary information in the event of a car accident. A detailed and accurate report can help you expedite your claim for repair costs.

The first priority is to make sure your vehicle is safely off the road and check to see if any parties are injured. If so, contact emergency personnel immediately.

Always call the police even if there is minor vehicle damage. A police report can help speed up the claims process.

Although car accidents are stressful situations, remain calm and do not discuss who is at fault. You will have an opportunity to talk to your insurance agent about the details. Exchange information with the other driver(s), which would include names, phone numbers, addresses, license plate numbers, and the make and model of each car.

You may also want to record information such as date, time, location, and weather conditions. Most cell phones come equipped with a camera, so consider taking picture at the scene. In case of an accident, Erie recommends keeping a disposable camera along with a notepad in your glove box.

Health Care: Save On Co-Pays Or Additional Visits

2009-08-25T08:36:00.000-07:00

Whether you have insurance or not, it might be wise to write down any important medical information and have your records in order prior to your appointment. Keep track of any changes in your health that cause you concern and discuss these changes with your physician. Remember, discussing all medical issues could reduce the chances of a follow-up visit, saving you money for your debt settlement negotation. If you've had tests and your doctor tells you there is no immediate need to return to the office, he/she might be willing to discuss your results over the phone.

Practice Good Health Habits

You can keep in mind that an apple a day might not solve everything but it shouldn't hurt either. Cnn.com reported in a recent article that worries about financial positions and the economy have given people more of an incentive to eat healthy and exercise. Eating well, getting enough sleep and exercising are good habits that can help you keep healthy, clear your mind and reduce stress. Cdc.gov advises Americans to check with their physician regarding an appropriate exercise plan.

American Academy of Dermatology: Go to aad.org to find a database of free skin cancer screenings around the country.

American Cancer Society: The organization's National Cancer Information Center at 800-227-2345 provides information about free screenings for various conditions.

Centers for Disease Control and Prevention: The federal agency at cdc.gov runs a national early detection program for breast and cervical cancers and provides free colon cancer screenings for people 50 and over.

Job Search Tips

2009-08-17T11:16:00.000-07:00

According to a Household Data Survey from the Bureau of Labor Statistics, there are approximately 14.5 million unemployed Americans as of May 2009. If you are one of the people who have unfortunately found yourself without a job due to the economic crisis, below are some tips you may consider as you search for a new employment.

Make use of the web

Online job search has become very common with the advent of the internet. You may also check out a web site for a company that you would like to work for and see if they have posted open positions on their web page. Also, check out web sites for business and trade associations in your field. Web sites for your local newspaper may also have job postings online.

Consider a part-time job or temporary job

A part-time job may be easier to acquire at first than a full-time job. If you are collecting unemployment, some states allow you to still earn a certain amount of wages while collecting benefits. Job sites such as Snag-A-Job (www.snagajob.com) specialize in part-time employment. Summertime and holiday seasons are prime times in which retail stores, restaurants, and amusement parks may need extra employees. This may also be a good idea if you are currently working, but would like to supplement your income. Temporary agencies may also be a good source of income. You may have a wide range of long and short-term assignments. For the most part, the jobs through agencies may be a temporary gig, but could eventually result in full-time employment. Find ways that you can earn extra money by using your skills. For example, you can babysit, watch pets while people are away, perform computer tasks, or clean houses.

Network

Let all of your friends, family, and acquaintances know that you are looking for a job. You may find out about an unadvertised position through word of mouth. Contact your former college's alumni office or visit their web site to see if they have alumni postings on their site. You can also create a profile on LinkedIn.com, a business networking web site. You have the option of "linking in" with former business associates or people that work in your industry.

Low Mileage Can Result In Less Expensive Insurance Rates

2009-08-10T08:56:00.000-07:00

The drive less-save more programs encourage drivers to spend less time on the road, leading to fewer accidents which will cost insurers less money which can be used to help save for your debt settlement negotiation. In the past, low mileage drivers were offered no incentive and were expected to pay the same car insurance as everyone else. Now, with some plans, drivers who log less than 2,500 miles a term may save as much as 5 to 25 percent on their insurance bill. If you drive less than 15,000 miles annually, a deeper discount may apply.

It is wise to call your insurance company to see if they offer a drive less-save more program. All drivers may not be eligible and plans and requirements vary depending on company. Also, if your insurer does offer the program, some states may be exempt. One plan requires you to have an OnStar-equipped General Motors vehicle. OnStar, a navigation and safety system, is used to verify mileage driven and automatically report the vehicle's odometer reading at the beginning and end of the owner's insurance policy term. Not all plans require ownership of a GM vehicle, however.

Call your insurance company to find out if they offer a low mileage discount. It is suggested that prior to signing up drivers are aware and comply with the methods the insurer uses to collect mileage information.

Payday Loans Push Consumers Deeper In Debt

2009-08-03T12:45:00.000-07:00

Research by the Center for Responsible Lending (CRL) shows important information regarding payday lending and borrowers who find themselves trapped in the payday debt cycle.

According to CRL, it's not just the demand for new payday loans that leads to trouble for borrowers. Rather, the study verified that approximately 75 percent of the payday industry's loan volume was generated in particular by customers who are opening payday loans to repay their first payday loan.

The report came to light just before the California Senate Judiciary Committee met to review AB 377, a payday lending bill that ignited controversy.

CRL reports payday lenders generally make loans due in full on a payday and charge close to $60 for an average $350 loan. Since low-income customers may experience a shortfall by their next payday, lenders anticipate their return for a new loan. CRL estimates that those types of customers account for 76 percent of total loan volume.

If you are caught in the payday loan cycle and a paying too much on credit card payments, debt settlement might be a viable option for you to live better debt free.

Retirement Planning Is Essential

2009-07-27T08:53:00.000-07:00

Our financial goals change at various stages throughout our lives. Below are some helpful tips and services that may help consumers reach thier debt settlement savings goals.

Mass Mutual reports that as Americans near retirement they have less confidence in the economy and new fears about whether they can afford the high cost of growing older. On September 15, PBS will premiere Retirement Revolution: The New Reality, a documentary that will show several families sharing their personal stories about retirement. For several online retirement calculators, visit www.massmutual.com/calculators.

The Budget Queen Can Help You Save Money.

Visit www.thebudgetqueen.com for a variety of budgeting tools, money tips, and free calculators to help you reduce your everyday spending habits.

Elderly:

National campaign helps elderly with prescription costs. By the end of this summer, more than one million older Americans will have fallen into the "doughnut hole," a coverage gap in Medicare's prescription drug program that leaves individuals on the hook for all of their own drug costs while still paying premiums. AARP is launching a new online resource to help older Americans avoid this dreaded coverage gap. The AARP Doughnut Hole Calculator, available at www.aarp.org/doughnuthole, guides visitors through their prescription drug options using localized information about their plans and prescriptions to determine if or when they will fall into the coverage gap. Visitors can view a graph of their out-of-pocket spending by month, look up lower cost drugs for their conditions, create a Personal Medication Record, and print out personalized letters to their doctors to help start a conversation about safely switching prescriptions. As a part of its Health Action Now campaign, AARP is calling on Congress to close the doughnut hole and lower prescription drug prices so that no one has to go without the prescriptions they need to stay healthy.

National campaign helps elderly with prescription costs. According to Help Senior Homeowners, a non-profit mortgage counseling organization, thousands of senior homeowners (age 62 or older) are already delinquent or in foreclosure. Reverse mortgages are the answer for some but approximately 30% of 12 million seniors who may have qualified for a reverse mortgage two years ago no longer have enough equity in their homes to qualify. Visit www.helpseniorhomeowners.org for more information.

Survey Says More Americans Staying Home To Save Money

2009-07-22T08:28:00.000-07:00

According to a press release by Huntington Bank, a survey of more than 1,000 Americans indicated that people have limited cash for non-essential items. According to Huntington Bank, many consumers are trying their hand at home-cooked meals as an alternative to dining out. Many of those surveyed claimed that if they do go out to eat, they think economically. For example, the consumers questioned said they would purchase only one entrée and share it as a way to save money.

When asked, "No matter how bad things get, I will never cut back on..." participants answered that they wouldn't skimp on medical needs. In addition, the participants stated they would continue to pay for cable, Internet or satellite dish as it was generally cheaper to enjoy entertainment at home rather than purchasing movie or concert tickets and attending events.

Credit Answers specializes in debt settlement, credit card debt negotation, debt management and avoiding bankruptcy. Credit Answers team of experts work to enable a new and fresh financial start for individuals with debt problems. We realize the importance of money in people’s lives and also the accompanied strain that debt can cause. Our team has helped thousands of clients across the nation.

Vacation Money Saving Tips

2009-07-13T08:49:00.000-07:00

During this time of year many families travel to various destinations for vacation. If you are planning a family excursion, below are some tips and resources that may help reduce your travel costs and put money aside toward debt settlement.

Monitor Your Food Budget

Food can be a major expense on a family vacation. Experiencing the local cuisine is definitely an exciting aspect of a trip, but dining out for every meal can really become a budget buster. Consider packing some non-perishable items like cereal, snacks, peanut butter, jelly, bread, soda, and juice boxes. If you are staying in a hotel, bring a cooler in which you can store milk and ice. You can create some quick meals instead of always visiting a restaurant.

Make It A Family Affair

Instead of staying in a hotel, check out the price of a beach house or condo. You may be able to split the costs with other friends or family members by staying in a spacious beach property. This would also help you save on food costs because most condos and houses are equipped with stoves and refrigerators, which would allow you to cook a lot more meals "at home." Check out the site www.beachhouse.com for a wide variety of vacation rentals.

Search For Discounts

When planning your trip, be sure to search for coupons or special deals on area attractions, amusement parks, and events. For example, if you plan to visit a Six Flags Theme Park, go to their web site and look for special summer deals. The American Automobile Association (AAA) also offers deals for members. Once you arrive at your hotel, pick up flyers and brochures in the lobby that may offer coupons for local attractions.

Time Is Money

2009-07-07T09:11:00.000-07:00

MoreBusiness.com recently released the Time is Money Calculator, a free tool that allows anyone to enter their current salary and the price of a product they want to buy to calculate how many work hours it would take them to purchase it. The calculator factors in your tax bracket depending on your salary, so that you will get a more accurate calculation. This resource is designed to help people put their purchases in perspective so they can budget their time and money better. For example, if you make an annual salary of $30,000 and you want to buy a pair of designer shoes that cost $500, it would take you more than 44 hours of work-more than a full work week-to purchase those shoes. Is it worth it? This tool can be a great help for people to use has they put aside money toward debt settlement or savings.

New Laws Affecting the Credit Card Industry

2009-07-07T08:55:00.000-07:00

On May 22, President Obama officially signed the CARD Act and the new regulations will take effect in February 2010. This set of laws is a major milestone for the credit card industry and may be instrumental in ending deceptive practices that affect consumers.

How may this affect the credit card industry?

The Motley Fool, a financial education site, indicates that credit card issuers may cut back on certain benefits in order to recoup lost revenue from these new laws. For example, grace periods and cards without annual fees could become obsolete. Credit card perks and reward programs could also be eliminated. As many consumers have also experienced, creditors may continue to lower credit lines to reduce risk. It may also become more difficult for applicants to obtain credit, especially those with weak credit histories.

Credit Card Stats:

A recent study of the 12 major credit card issuers determined that all had one or more rules that would now violate the CARD Act. Below are some findings:

93% of issuers could raise the interest rate at any time

72% of cards included offers of low promotional rates which issuers could revoke

The median penalty rate of 27.99% would add charges of $100 and $180 annually for every $1,000 in revolving purchasing debt

Consumers that are in the process of saving for a debt settlement, should take note of the new laws taking effect.

Saving Money Tips

2009-06-08T09:22:00.000-07:00

Warm weather allows you and your family to complete certain chores and participate in seasonal activities. Below are some debt settlement money-saving tips that may help cool your wallet as the temperature heats up.

Sell Items That You No Longer Use

During the spring/summer season, some people shed all of their unwanted and unused items. Ebay is the largest online auction site and a good source to sell items that you no longer use. Visit their web site for more details on how to begin selling. You can also try your local Craigslist site to place an online classified ad for free to people in your area. Also consider placing ads in your local newspaper, host a garage sale, or check with the recreation department in your local community to see if there are any neighborhood flea market days. You may be able to reserve a table.

Save Money On Home Improvements

Many people perform home improvements in the spring and summer months. Although you may have to hire a professional for some complicated projects, you may be able to tackle some tasks yourself. A wealth of informational resources exist to teach you how to do home improvement jobs such as cleaning your gutters, painting, and installing a ceiling fan. Visit your local bookstore or library to find a comprehensive guide on do-it-yourself home improvements.

The Internet and television are also great sources. DIY Network brings you such cable shows as "DIY to the Rescue" and "DIY Be Your Own Contractor." You can also visit their information-packed web site located at www.diynet.com. This site features a wide array of do-it-yourself projects, with topics that range from home improvements to decorating.

Home Depot also offers free Do-It-Herself Workshops, Weekly Clinics, and Kids Workshops. Visit www.homedepotclinics.com to register at a Home Depot near you.

Save On Your Cell Phone

2009-06-01T09:56:00.000-07:00

Since there is a good chance that you may have a cell phone, below are some tips that may help you save money on your monthly bill and save for your debt settlement.

Use The Same Plan As Your Friends And Family

Some carriers allow friends and family members to talk for free if they subscribe to the same service. There may also be a discount if you form family plans. So, it is usually wise if everyone in the household has the same cell phone carrier.

Consider A Prepaid Phone Service

If you use your cell phone sparingly, you may consider a prepaid or pay-as-you-go plan, which usually allows customers to buy minutes as they need them and do not involve lengthy contracts. Search for pay as you go plans by visiting www.myrateplan.com.

Be Wary Of Cosigning For A Cell Phone

Cosigning for a cell phone for someone that may not qualify for one can result in a costly experience. It is wise to think about what can happen before you make that commitment.

Beware of Financial Scams

2009-05-26T12:19:00.000-07:00

While saving for your debt settlement every penny counts. Make sure that you do not get sucked into some of the many financial scams on the web currently. Below are a few of the typical financial scams to be on the lookout for.

Mystery Shopper Scams

It's common for businesses and consulting firms to pay consumers to shop at their retail locations or dine at their restaurant. The mystery shoppers are then required to submit confidential reports about the experience. But fraudulent individuals are cashing in by setting up fake mystery-shopping programs that look very real, including job applications and professional-looking web sites. They are then convincing new hires to wire money using funds from their own checking account.

Here's a typical scenario according to FDIC Consumer News. Your first assignment as mystery shopper is to deposit a $2,000 cashier's check into your bank account, supposedly to cover a $1,900 purchase you're about to make for your new part-time job, plus a $100 advance payment for your services. You're then instructed to withdraw $1,900 in cash from your bank account, take it to a particular store to have the funds wired to a person in Canada. Later, you'll go home and fill out an evaluation of the store's money-transfer service. Eventually, the cashier's check you deposited will be returned as counterfeit, and you will be responsible for the money you withdrew from your account.

What Can You Do?

To learn more about common financial frauds and how to protect yourself, visit www.mymoney.gov, a site dedicated to financial education and sponsored by the FDIC.

Trust your instincts and be cautious before you commit to any work-at-home job that may seem too good to be true. If you want to work at home, determine what your strengths and interests are as with any other job search. Then, try to find ways that you may be able to earn extra money at home. For example, consider baby-sitting or pet sitting for families in your community. If you have computer or data-entry experience, consider using your home computer as an employment tool. Companies who ask for money in order to provide you with work should trigger a red flag.

Buying A Car While In Debt Tips

2009-05-18T09:12:00.000-07:00

Since you are currently enrolled in a debt settlement program, buying a car may seem difficult. Here are some tips that could help you purchase a reliable car at an affordable price.

Choose A Financing Option

There may be lenders who will extend credit to you despite your financial trouble. With the rise of the internet, you no longer have to rely solely on the dealer for financing. www.CarBuyingTips.com strongly recommends the use of online lending services such as www.autocreditfinders.com. This site will put you in contact with lenders who specialize in high risk loans. You may also try applying for a car loan through your credit union.

Be aware of dealer scams. Salesmen realize that individuals with flawed credit reports and tight budgets focus heavily on the amount of the monthly payment. Therefore, they may offer you a car loan in which payments extend for 72 months. Although the payment amount may fit your budget, you will most likely be paying too much for the vehicle. If you decide to sell or trade in the car before you have made all of the payments, you will be "upside down in the car," a phrase used by dealers to mean that you owe more than the car is worth.

Try to obtain a car loan for no longer than 48 months. If the figures are not workable with the car that you choose, select a less expensive vehicle. Oftentimes, some dealers prey on your emotions and make you feel as though you should be grateful that they approved you for any car. They might also tell you that you could not get financed through any other dealer or lending institution. If the dealership will not budge on the payment or loan terms, consider taking your business elsewhere.

Read All Paperwork

Before signing any paperwork, read everything carefully. Oftentimes, dealers add a variety of miscellaneous charges such as VIN# window etching, dealer prep, and a warranty that you never requested. In most cases, these services are not necessary and can be done cheaper on your own.

"The buyers need to be reminded that they are in dire straits, they can barely afford the car, so they should be going there to buy a car only, nothing else," said Ostroff. Visit Ostroff's site at www.carbuyingtips.com to read in detail about the top ten car dealer scams. Arming yourself with knowledge will help prevent you from falling victim to car salesman trickery.

Helpful Car Buying Web Sites

Kelley Blue Book: This site provides car buyers and sellers with new and used vehicle information. Visit this site to see how much your car is worth if you are selling, buying, or trading.

Consumer Reports: The auto section of this site gives details and unbiased reviews of new and used vehicles in categories such as safety and value.

Bankrate.com: Bankrate offers a long list of helpful online calculators that may assist you with car buying. There are calculators such as the "Car Early Pay Off Calculator" and "Negative Equity Auto Loan Calculator".

Get Your Credit Back On Track

2009-05-04T09:39:00.000-07:00

After you have completed your debt settlement program, you will be one step closer to living better debt free. At this time, you should begin to re-establish your credit. Although your rating will not improve overnight, consider the following ideas to rebuild your credit.

Some Offers Only Look Good On Paper

Did you ever buy a product that looked wonderful in the store, but once you brought it home it did not perform as well as you would have liked? This idea could also be true of sub-prime credit cards. Upon completion of your debt settlement program, be aware of credit card offers that seem too good to be true. Sub-prime issuers may have lenient approval guidelines, but prey upon individuals with previous credit problems by charging astronomical approval and annual fees. These companies commonly apply these fees to your card. Therefore, you acquire a balance before you make any significant purchases.

Educate Yourself

Knowledge and education never go out of style. Become an educated consumer by understanding your credit card agreement. This may involve reading the tedious fine print, but it is beneficial to know your annual percentage rate, due date, late fees, etc. According to a recent survey conducted by TNS, a market research firm, in partnership with professors from Dartmouth College and Harvard Business School, high levels of debt may be correlated to financial illiteracy. The survey revealed that only 35% of respondents were able to correctly estimate how interest compounds over time and more than half of respondents did not understand how minimum payments are calculated and applied to a principal balance. The American Bankers Association (ABA) has developed a free resource to help consumers make informed choices about credit cards. "Guide to Credit Cards" is available on ABA's Consumer Connection web page at www.aba.com. Make sure that you also check your credit report frequently. You are entitled to receive a free credit report every year. For more information, visit www.annualcreditreport.com.

tips for renters

2009-04-27T12:26:00.000-07:00

Sometimes it makes more financial sense to rent instead of own while saving for your debt settlement negotation. While homeownership is a great part of life. People are sometime overwhelmed by the financial burdon that goes along with manntanence and upkeep of a home. Below are a few tips to help those who rent.

Don't Alter The Property

The lease should also state what the landlord's rules are on making alterations to the property. One of the downfalls of renting is that most property mangers do not allow tenants to paint walls or make permanent changes to rental property without written permission. Even if you do receive written permission to paint, for example, you will usually have to change the color back to the original before you move out, which can be a hassle. Before you make improvements, such as install an air conditioner or a dishwasher, consider the fact that you may not be able to take these items with you when you move. This can be an especially costly endeavor if you do not plan to live at the property very long.

Take Care Of Your Property

When moving in, note any damage that is already visible on the property so you do not get charged for the repair when you move out. Upon moving out, make sure you leave the rental property in the same condition as when you moved in. For example, clean, vacuum, and fill small holes in the wall with spackle. Many apartment complexes also require that you have the carpets professionally cleaned before moving out. You are more likely to receive the majority of your security deposit, which is usually equivalent to one month's rent, if you follow the move-out instructions.

Protect your debit card from thieves

2009-04-21T08:24:00.000-07:00

Protect your debit card from thieves.

As economic conditions have worsened, there's a noticeable increase in all types of card fraud. People who create counterfeit ATM or debit cards by stealing your PIN and other account data can simply pull cold cash from your bank account. Using a technique known as skimming, they set up equipment that captures magnetic stripe and keypad information when you put in your PIN at ATM machines, gas pumps, restaurants, and retailers. The editors of Consumer Reports Money Adviser offer three tips on how you can protect yourself:
Don't type in your PIN at the pump. Gas pumps are notorious for skimming because they're produced by only a couple of different manufacturers. If you must use a debit card, choose the screen prompt that identifies it as a credit card so you don't have to type in your PIN.

Stick with ATMs located at banks.

Use machines at banks rather than in convenience stores or any other isolated locations. A thief has to be able to attach and retrieve a skimming device to see the data gathered, and that's more likely to happen in non-bank settings where there's less traffic and no surveillance cameras.

Closely monitor your bank accounts.

Federal law limits your liability for fraudulent debit-card charges to $50, but only if you report the theft or loss of your card or PIN within two business days of discovering the problem.

In these trying economic times becoming a well educated consumer will help you in your quest to save toward debt settlement. If you are a victim of skimming please contact yiou local authorities.

Green Financial Tips

2009-04-13T11:28:00.000-07:00

Conserve Energy

Simple tasks such as turning off lights when you leave the room and installing a programmable thermostat can reduce your utility bills and overall energy consumption. in turn lowering your monthly expenses making it easier for you to save toward your debt settlement negotation. When it comes time to buy new appliances, you may consider Energy Star models, which use 10-50% less energy and water than standard models, according to the Energy Star web site. You can visit this site at www.energystar.gov for more tips on conserving energy.

Drive Greener

Most green articles urge consumers to purchase a hybrid car. As you strive to settle your debts, buying a new vehicle may not be an option. However, there are other ways that you can "green" your car and save money on transportation costs. For example, you will burn less fuel if you roll down your windows in the summer instead of using air conditioning. Performing routine maintenance on your car may also reduce gas consumption and prevent costly car repairs. According to Treehugger.com, if every driver's tires were properly inflated, approximately 2 billion gallons of gas would be saved each year. You may also consider relying on your vehicle less by walking short distances or carpooling. Sites such as www.erideshare.com allow you to search for fellow carpoolers that want to travel in the same direction as you.

Green Technology

Some people may associate living green with abandoning all personal possessions and modern technologies to live on a commune. In actuality, some technological advancements can actually help reduce the amount of waste that ends up in landfills. Consider the options below. Keep in mind that the following tips are meant to help you get the most use out of items that you may already own; we are not encouraging you to purchase brand new equipment.

Go paperless! You can pay bills online, use electronic scheduling software, and send free electronic cards. Before you print, ask yourself if you really need to have a paper copy. Take advantage of organizing important documents using email programs or document folders in your computer system software. You will use less paper and will not have to purchase expensive ink cartridges as often.

MP3 players come in all price ranges and allow users to download single songs instead of buying expensive individual CDs. You may consider transferring your CD library to MP3 format and resell your CDs on sites such as www.ebay.com and www.craigslist.org. Resell stores such as CD Warehouse may also give you cash for your CDs. Visit www.cdwarehouse.com for a location near you.

Remember to properly dispose of your electronic equipment, also known as e-waste. If you can not use it, sell or donate the item. You can also visit www.earth911.org for a recycling or donation center in your area.

Seniors Beware of Financial Scams

2009-04-06T08:50:00.000-07:00

The Office of Community Oriented Policing Services reports that the elderly population easily become victims of a number of schemes. Common financial crimes against the elderly usually involve home repairs, investments, telemarketing, false charitable contributions, sweepstakes, and lottery schemes. Seniors should be very wary about divulging financial information over the phone or online. If the deal sounds too good to be true, it probably is. You may file a complaint with the Federal Trade Commission (FTC) at www.ftc.gov if you feel you or someone you know has been a victim of a scam.

Take advantage of the recent stimulus. Older Americans may see some benefits as part of the American Recovery and Reinvestment Act of 2009. This legislation will offer a $250 economic recovery payment for individual older persons and $500 for couples. According to the web site for the Social Security Administration, recipients will not have to do anything. Funds will be delivered in the same method that they receive Social Security benefits. Retirees who do not receive Social Security may also qualify, but may have to file a tax return. Payments are expected to be disbursed in late May.

The unemployed may also receive an extension and an increase in benefits as part of the American Recovery and Reinvestment Act. According to AARP, the number of unemployed aged 55 and older has risen 65% during the past twelve months.

At Credit Answers we strive to inform our customers to help build a long lasting relationship for our client base. We realize the road to living debt free is a tough one. We are there for you every step of the way.

Statute of Limitations Questions

2009-03-30T12:37:00.000-07:00

What do I do if a collector attempts to sue on an old debt?

We urge you to seek legal advice if you believe a collection agency is trying to collect on a debt for which the statute of limitations has already passed. Old, delinquent debts are also referred to as "zombie" or "time-barred" debt. This industry has become a profitable business for debt collection companies in recent years. MSN Money reports that debt buyers purchased $110 billion of old debts in 2006. However, zombie debt has also been the subject of concern among several Federal Trade Commission (FTC) complaints. Infringements included inflating the amount of outstanding debts, contacting consumers at work, and threatening to take actions that they did not intend to take such as reporting the debt to the credit bureau and legal proceedings. For more information about complaints against debt collectors, visit the FTC's web site and click on the "News" link.

Are there any debts that do not have a statute of limitations?

According to FairDebtCollection.com, a statute of limitations does not usually apply to federal student loans, certain types of fines, delinquent child support, and taxes.

DISCLAIMER: THIS IS FOR GENERAL INFORMATION PURPOSES ONLY AND IS NOT INTENDED TO BE LEGAL ADVICE. ANY INQUIRIES ABOUT SPECIFIC SITUATIONS SHOULD BE DIRECTED TO A LAWYER.

Credit Answers specializes in debt settlement, credit card debt negotation, debt management and avoiding bankruptcy. Credit Answers team of experts work to enable a new and fresh financial start for individuals with debt problems. We realize the importance of money in people’s lives and also the accompanied strain that debt can cause. Our team has helped thousands of clients across the nation.

Some More Debt Tips

2009-03-23T08:44:00.000-07:00

Fix your financial house

Many popular television shows focus on renovating, cleaning, and organizing homes. Keep your bills organized with financial software or a filing system. Track expenses and review your budget to see if you can eliminate financial "clutter". For example, do you use your debit card a lot for dining out or for small purchases? Are you able to reduce your cable or cell phone bill? Everything adds up on the path to debt settlement negotation.

Earn money by using your talents

One way to earn extra income to fund your reserve account is to work overtime or a second job if it fits into your schedule. Certain skills such as programming, writing, or data entry may help you earn money doing freelance work or short-term assignments.

Show your results

Although debt problems are usually not solved in quickly. One way to continue your progress is to focus on educating yourself about personal finance. Visit educational money sites such as www.bankrate.com, www.dolans.com. You can also find many helpful tips if you borrow books about personal finance at your local library.

Pay Less On Your Property Taxes

2009-03-16T08:43:00.000-07:00

With the current economic climate in America, now might be a good time to re-evaluate your property taxes. Lowering your property taxes could lead to some extra savings that you can set aside to complete your debt settlement quicker. Below are a few tips to make sure your property tax value is current.

Verify your home's description

Once you obtain a copy of your property assessment, ensure that all of the information is correct. According to AHA, many property tax assessment errors are clerical. Appraisers are usually on strict deadlines to assess many homes in a short amount of time and they also do not go inside of your home. So, simple mistakes can happen. For example, make sure your assessment lists the correct number of bedrooms, square footage, and age of the home. Misrepresentation of these factors can affect the value of your home.

File an appeal

If your assessment does not contain any errors, you can still dispute the value of your home. Inquire at the assessor's office about how to appeal a property tax assessment. The process may vary among local communities. In most cases, you will have to do more research, which may involve gathering data on comparable properties in your area. According to Consumer Affairs.com, it may help you to seek the advice of a real estate agent or attorney to obtain the evidence that you need.

Scammers Hit Consumers With Small Charges

2009-03-09T08:27:00.000-07:00

The Better Business Bureau has received reports from consumers who have found very small charges on their credit card statements, typically charges of 26 cents or less, from a company identified on the credit card statement as "ADELE SERVICES 800-764-8104 NY." When consumers have tried to dial this number, they receive a message that it is disconnected. Some commentators on this scam have speculated that these small charges are placed to verify that the credit card number is good, and once the small charges go through, larger charges will come next. This apparent fraud scheme involves taking pennies from millions of people, which would then equal a large sum of money. The BBB strongly encourages consumers to immediately report unauthorized transactions, regardless of how small, to their credit card company and assure that the charge is removed. BBB also recommends that consumers file a complaint with Better Business Bureau at www.bbb.org and with the Internet Crime Complaint Center at www.ic3.gov.

Lower Credit Lines Do Not Upset Most Consumers

Bankrate, Inc. recently released the findings of a national poll which found that 40 percent of consumers say they would not be upset if their credit lines disappeared. In fact, of the respondents who have credit cards, nearly one-third (32 percent) say they will probably charge less in 2009. A much smaller group (only 5 percent) responded that they would be devastated with the loss of access to their credit cards.

Overcoming debt requires perseverance. The road to debt settlement may see like an endless journey. Staying informed and on top of your finances will help you reach your goals of becoming financial solvent.

Love and Money

2009-03-02T08:50:00.000-08:00

Paypal conducted a recent survey entitled "Can't Buy Me Love." Results indicated that young couples argue over money at least once per month. Below are some tips that may help newlyweds, fiancées, and couples manage their finances has they save for debt settlement.

Have The "Money Talk."

If you have recently gotten engaged or married, you may be uncomfortable talking about money issues. It is not the most important aspect in a relationship, but it is definitely a major factor. Most activities and choices that you make as a couple will involve money. For example, if you want to go on vacation or buy holiday gifts, you have to have the funds available.

During this conversation, it is best to be brutally honest about all of the financial "skeletons" in your closet. Be truthful about your amount of debt, spending weaknesses, and poor financial decisions. In order to introduce the topic, you may want to take an online quiz entitled, "Test Your Marriage Money Skills." It is offered by the Women's Institute for Financial Freedom (WIFE).

Obtain A Copy Of Your Credit Report And Credit Score.

As you and your significant other discuss money issues, you may consider obtaining a copy of your credit report. Getting financed for a mortgage or car loan will usually depend on a couple's credit score. This may also provide a road map to see which debts are still outstanding and any credit report errors that need to be corrected.

AnnualCreditReport.com provides consumers with the secure means to request and obtain a free credit report once every 12 months from each of the three major credit reporting bureaus in accordance with the Fair and Accurate Credit Transactions Act (FACT Act). Visit www.annualcreditreport.com for more details. Your free credit report obtained via this site only contains your credit disclosure, not your FICO score.

Organize Checking Accounts.

Many couples grapple with the idea of whether to have a joint checking account or keep individual accounts. We can not give you a definite answer to this question because it depends on your situation and personal preferences. The Paypal survey indicates that about half of American couples have joint checking accounts. You may consider having a joint account in which both of you can deposit money to pay for household expenses such as rent and utilities and each keep a separate account for miscellaneous costs like gas and lunch money. Balancing all of these accounts may require a lot of organizational skills. If you both agree on having just one joint account, keep the lines of communication open so both of you know when someone else is writing a check or using a debit card.

Money Does Not Equal Love.

Some couples enjoy showering each other with expensive gifts. This can become a problem if gifts are bought with credit or if basic household expenses are not met. For birthdays and other special occasions, consider making homemade gifts such as poems or framing special photographs.

New Tax Deductions

2009-02-23T08:26:00.000-08:00

New tax law changes that may help maximize your refund that help you save for your debt settlement.

Unemployment Deductions

If you lost your job in 2008, ask your tax professional about itemized tax deductions for job search expenses. According to Jackson Hewitt Tax Service, you may be eligible to deduct costs associated with travel, printing resumes, or job placement fees. If you were required to relocate for a new job, you may be able to deduct moving expenses.

Assistance Available For Those Unable To Pay Taxes

If you discover that you will not be able to pay your 2008 taxes, you may have options available. The IRS has compiled a list of questions and answers on their web site that deal with certain scenarios and financial situations. Due to the present state of the economy, some taxpayers may qualify for leniency if they owe back taxes. According to the IRS web site, financially distressed taxpayers may be eligible for suspended collection activity if they have a hardship case. For those unable to make a scheduled payment in an existing installment plan, the IRS may allow the individual to skip a payment.

Disclaimer

This is intended to give a basic overview of tax changes that may be available to you. It is not intended to replace the advice of a qualified tax professional. We recommend that you consult an experienced tax expert that may be able to help you with your individual situation.

Tax Resources

Free File: Free File Alliance companies will participate in the program run by the IRS and the Free File Alliance, a consortium of tax preparation software companies. This program is available to taxpayers that have an adjusted gross income of $56,000 or less. Each company sets its own criteria for who can use the service. Visit www.irs.gov and click on the "Free File" link on the left hand side. You can then read the requirements and search for participating companies.

VITA: The Volunteer Income Tax Assistance Program (VITA) offers free tax help to individuals with low and moderate incomes (usually $42,000 and below). VITA sites are usually located at libraries, schools, and shopping malls. Call the IRS at 1-800-TAX-1040, press option #1 followed by option #5. Ask the customer service representative for a VITA site located within your zip code.

TCE: The Tax Counseling for the Elderly (TCE) Program provides free tax help to people age 60 or older. For more information, you may also call the IRS at 1-800-TAX-1040, press #1 followed by option #5. AARP also offers the Tax-Aide counseling program for elderly individuals with low incomes. To locate the nearest AARP Tax-Aide site, call 1-888-227-7669 or visit the AARP-TaxAide site at www.aarp.org.

Household Expenses - Tips

2009-02-16T08:47:00.001-08:00

Daily expenses such as food and utilities may be taking a larger portion of our income each month. Below are some tips on how to save on a few common expenditures. Here are some tips to help you save for your debt settlement.

Energy

Wash Clothes In Cold Water

According to the Alliance to Save Energy, clothing washers and dryers may account for more than six percent of your annual energy bill. The Alliance recommends that consumers do full loads of laundry to avoid wasting water and clean dryer lint after every load to improve air circulation and quicken drying.

View Energy Tips Online

Last fall, the Department of Energy launched the web site www.energysavers.gov to help consumers be more energy efficient and save on energy costs. This site offers easy energy saving tips, financial assistance links, long-term solutions, and a blog covering energy topics. Visitors to the site can also download an energy saving to-do list and other materials.

Take Advantage Of Tax Credits

As part of the Emergency Economic Stabilization Act, energy efficiency tax credits will allow homeowners to lower their monthly home energy bills and their federal income taxes in 2009. Taxpayers have the opportunity to use tax credit up to $500 to make specific energy efficient home improvements to their insulation, exterior windows, furnace, air conditioner units, and much more.

Miscellaneous

Fix It

According to a recent survey from the Part Store, an online retailer that sells replacement parts for household appliances and electronics, 82 percent of consumers are more likely to repair a product rather than replace it in order to save money in this rough economy.

Senate Extends DTV Date

The United States Senate recently approved legislation to shift the nation's digital television transition from February 17, 2009 to June 12, 2009. This decision was made in order to better educate consumers about the transition and give households an opportunity to utilize the converter-box coupon program. Consumers with expired coupons may apply for new replacement coupons at www.dtv2009.gov or call 1-888-DTV-2009 for more information.

New Web Site Helps Keep Consumers Secure Online

The new site: www.JustAskGemalto.com is a place where people can go for advice on topics such as Internet security, online payments, password management, credit card fraud, and identity theft. As the use of digital technology broadens, consumers have a role in safeguarding their identity more than ever. This site is set up in a user-friendly question and answer format. You can find helpful answers to questions such as "What is the safest way to pay online?" or "What are common ways identity theft occurs?"

Consumers Are Still Protected When Purchasing Service Contracts

2009-02-09T12:43:00.000-08:00

According to the Service Contract Industry Council (SCIC), consumers can continue to buy and enjoy the benefits of service contracts for their electronic products durring the holiday season and beyond, with the knowledge that the contracts will still be viable and honored even if the retailer closes or files for bankruptcy. Many state legislatures across the nation have adopted or adapted the SCIC's model legislation, which among other provisions puts in place regulations -- including the requirement to buy insurance -- to protect consumers who purchase service contracts from struggling retailers.

Service contracts (sometimes referred to as extended warranties) purchased from major retailers are sold and administered by third-party service contract providers that are independent of retailers. And, according to the SCIC, a national trade association that represents the service contract industry and works to implement consumer protection regulations, these third-party providers will continue taking claims and providing service regardless of the status of the retailer that originally sold the service contract.

At Credit Answers we believe in educating our customers so they can get the credit card debt help they need. If at any point you have a credit card debt question, one of our experienced debt settlement coaches will be happy to help you live better debt free. Call 1-800-297-6417 24 Hours A Day!

Loan Modification Could Help You Save Your House

2009-02-06T07:35:00.000-08:00

What Is Loan Modification

Loan modification is restructuring your current loan to re-establish your mortgage and create a monthly mortgage payment that will work within your budget. A loan modification is not a refinance; it is an enhancment to your current mortgage loan to create a payment that you can afford. A successful loan modification will result in saving you thousands over the life of your mortgage.

Why Do A Loan Modification

If you are struggling to make your mortgage payment, already late or getting ready to loose your home. A loan modification can reduce your monthly payments to a managable level. Credit Answers will negotiate mortgage loan modifications with your lenders to help you lower your monthly payments. Credit Answers works with almost all lenders and loan types, including government loans. Call 1-866-230-4567 for a FREE consultation today!

Tricky Sales Tactics

2009-02-02T08:21:00.000-08:00

Consumers need to become aware of the tricky and misleading sales tactics used by stores to tempt you to spend more money. On the road to debt settlement you need to be aware of how you spend your money and make informed decisions about what you really need. Here are some common tricky sales practices incorporated by retailers to entice you to spend more money than you typically would.

Price Points:

According to TheStreet.com, a leading financial media company, consumers spend more money when prices end in "9". This may explain why many stores may charge $19.99 for an item, as opposed to $20. In order to keep track of your spending, it may be wise to carry a calculator while you shop so you can see the minuscule difference.

Stock-Up Sales:

Many stores offer "Buy One, Get One Free" sales. If you do not think you will use "two" of a particular item, read the store requirements. You may be able to purchase one for half of the price. Stores may also promote sales such as "5 for $9.99" or "3 for $7.98". Once again, ask yourself if you need to buy that many items. If not, do the math and figure out how much it is to buy just one.

Mail-In Rebates:

These offers can provide some savings to consumers. However, stores are expecting that most customers will not follow through with the requirements. According to Bankrate.com, at least 50% of consumers do not claim their rebates because they forget to cut off the UPC, lose the rebate form, or they just simply do not want to be bothered by all of the paperwork.

New Credit Card Rules And Regulations

2009-01-26T07:49:00.000-08:00

New Credit Card Rules

According to Demos, a public policy research organization, the recently issued rules will ban some of the bait-and-switch tactics in credit card lending. The new rules will:

• Prohibit banks from retroactively increasing the interest rate their customers must pay on existing balances
• Prohibit banks from allocating payments to lower-rate balances first to maximize finance charges
• Ban the practice of "double-cycle billing," which calculates interest over more than one month, and can result in higher finance charges
• Eliminate upfront fees on so-called fee harvesting credit cards when they eat up the majority of the available balance on the cards

What still needs to be done?

While the new rules will provide important new protections, more safeguards may be needed to address other lending practices that can make it difficult for consumers to manage their credit.

According to the Consumers Union, other reforms needed to address some of the abusive practices that hurt consumers are:

• Limiting the amount of "penalty" interest rates, and how long card companies can keep you at these extremely high rates.
• Prohibiting fees for paying a credit card by phone or internet.
• Prohibiting account-opening fees no more than 10 percent of the credit limit.
• Banning multiple over-limit fees during a single billing cycle.
• Require banks to provide consumers a reasonable amount of time to make payments.

How do these new rules affect me?
These new rules are a positive step in the right direction for consumers. Once you complete your debt settlement program, these regulations may help you make a fresh start as you strive to rebuild your credit rating. Keep in mind that it will still benefit you to practice prudent credit card use. Avoid additional interest and fees by only charging what you can afford to pay in full that month. Timely credit card payments may slowly improve your credit score.

How To Get Through A Tough Economy

2009-01-19T07:35:00.000-08:00

Have A Support System

Credit cards make it easy for consumers to live beyond their means and impress friends and family. Swiping a credit card can quickly allow you to pick up the tab for an expensive dinner or purchase extravagant gifts for special occasions. As more consumers experience the effects of the economy, you will more than likely be acquainted with people required to tighten-up their budgets instead of people who encourage overspending. Surrounding yourself with supportive individuals that understand your situation may help you persevere and achieve your financial goals to complete your debt settlement. Hopefully, frugal living will become a lasting trend even when the economy bounces back to a prosperous state.

Your Opinion Counts

Consumer Reports' latest national survey finds that more than half (56%) of respondents think that the government has not done enough for them in these tough economic times. Only 17 percent of those polled said the government needs to do more for banks and financial institutions. In the poll, 29 percent said the government went too far in bailing out the financial industry. You have the opportunity to express your views on these types of issues by calling 1-800-BAIL-OUT. Once you call the toll-free number, you will be prompted to speak and share anything on your mind about the current financial situation in America. Your message will be recorded, digitized, and uploaded to http://www.bailoutrants.com/. Other users can listen to your message and comment on it.

Achieving Financial Goals

2009-01-13T08:28:00.000-08:00

Effective debt management and achieving financial freedom are probably some goals that you consider high priorities. Below are some things to keep in mind as you continue to work towards becoming debt-free.

Stay Organized

Establish a filing system for all of your financial documents. Knowing when your bills are due and paying them on time may help you achieve your goals. Balance your checkbook and make a monthly budget. If you know how your money is being spent, you bring a clearer perspective to your financial plan. Disorganization may cause chaos and confusion, which may delay your financial goals.

Stop Trying To 'Keep Up With The Joneses'

You may know of a friend or neighbor that buys a new vehicle every few years or shops frequently for the latest gadgets. Because we live in such a consumer-driven society, it is easy to fall into this trap. Having the need to always purchase the latest and greatest can really hinder financial goals and create more debt. When compelled to spend a lot of money on items that are not necessities, keep your financial goals in mind.

Don't Get Discouraged

You may stumble upon a series of road blocks on the road to reaching your debt settlement negotation. If you encounter difficult situations remember your ultimate goal is to be free of debt. You can also contact your debt settlement company when you have any questions about your program or a problem with a specific collector.

Creditors Bugging You - Know Your Rights

2009-01-05T11:25:00.000-08:00

Charges Are Filed Against Florida Collection Agency

West Virginia Attorney General Darrell McGraw recently filed suit against Florida collection agency for unlawful, coercive debt collection practices. Beginning in 2006, consumers complained that they had received calls from this agency suggesting they would be arrested if they did not pay a cellular telephone bill. According to the lawsuit, this agency tried to coerce payments from consumers by implying that a "federal marshal" would appear at the consumer's workplace, or that a deputy sheriff would serve a warrant for the consumer's arrest. Any debt collection contact involving an accusation of a crime or similar conduct is strictly forbidden by law. Consumers also reported that this agency threatened to sue them if they did not pay. Because this particular collection agency employs no lawyers and does not file lawsuits of any kind, these threats were misleading and therefore, unlawful.

Con Artists Pose As FTC Employees

In their latest effort to defraud the public, con artists claiming to work for the Federal Trade Commission are calling consumers and claiming that they have won a lottery or sweepstakes. As the nation's consumer protection agency, the FTC never collects money directly from consumers. But the public may be fooled, because by using Internet technology, con artists can make it appear that they are calling from Washington, DC, where the FTC is headquartered. The FTC's name may even be displayed on consumers' caller ID machines. All the public has to do, according to the con artists' pitch, is pay the taxes and insurance on their "winnings." The caller asks that consumers wire money or send a check for an amount between $1,000 and $10,000. In reality, there is no prize, and the scammers disappear with the consumers' money. Real sweepstakes don't require you to send money to claim a prize.

Banks Reduce Credit Limits

2008-12-29T07:34:00.000-08:00

Recent news indicates that credit card companies may be reducing credit limits on consumer accounts in response to the troubling economy. Consumer Action, a non-profit consumer advocacy organization, conducted a study this past summer entitled, "Consumer Action's Credit Limit Survey." According to this survey, 18% of the 1,083 participants revealed that their credit limits had been lowered by their banks this year. Consumers that plan to apply for new loans or credit may also face more stringent guidelines. A July 2008 Federal Reserve Board survey indicates that 65% of domestic banks had tightened their lending standards on credit card debt loans during the previous three months.

Is this good news? For years, many credit card companies have enticed consumers to spend by increasing credit limits and charging a relatively low minimum monthly payment. The convenience of credit cards have allowed some consumers to charge luxury items they would not normally buy with cash, cover emergency expenses, or pay for necessities such as groceries or gas during tough economic times. Shrinking credit lines could be viewed as a positive step in the right direction as many consumers may be required to live below their means.

Common Financial Setbacks

2008-12-22T08:28:00.000-08:00

During your life, you will probably experience some sort of unexpected financial incident or emergency that will cause you to dip into your debt settlement savings fund. Below are some common situations that may drastically change a person's financial situation. At Credit Answers we realize that you may have your own complex set of circumstances that may require additional resources.

A Divorce Occurs

Divorce laws can be complicated and may differ by state. You may choose to seek the advice of an attorney that specializes in this field. Search for a divorce attorney in your area at Family Law Software. Under the section labeled "For Individuals Facing Divorce," click on the "Find Professionals in Our Directory" link. This site sells divorce-related software, but also offers valuable information about the divorce process. You can also check out the "Divorce Guide---A World of Help" link located under the "For Individuals Facing Divorce" column for a variety of helpful information and calculators. A certified divorce planner (CDP) may also be able to assist you. This professional is a financial planner that has completed additional training and education related to the financial issues of divorce.

A Family Member Passes Away

Coping with the loss of a loved one will undoubtedly take an emotional toll on family members. During this difficult time, most families will struggle with the unbelievable shock and grief of the situation. Therefore, finances and money will not be at the forefront of someone that recently lost a loved one. This will be a time that family members can band together to support one another in accomplishing some of the following necessary tasks.

- Locate important documents, such as insurance policies and the most recent will.
Before committing to any funeral costs, consult with other family members and perhaps a lawyer about any prior instructions or arrangements.

- Obtain multiple copies of the death certificate, which will be needed to apply for death benefits (such as life insurance policies or Social Security) and to access bank accounts.

- If the family's medical insurance is through the deceased person's employer, consider options for continuing coverage.

Making the Most of Gift Cards

2008-12-15T07:52:00.000-08:00

In recent years, gift cards have become a popular present among gift-givers. The National Retail Federation (NRF) estimates that gift card sales will total $26.3 billion this holiday season. Here are some ideas to keep in mind when using or purchasing gift cards.

Read the fine print before you buy.

Although NRF reports that 92 percent of the nation's top retailers have no expiration date or dormancy fees associated with their gift cards, it is still wise to read the fine print. Gift cards from credit card issuers such as VISA, Mastercard, and American Express are more likely to expire and tack on fees for activation, maintenance, and inactivity. This information may appear on the card itself, on the accompanying sleeve or envelope, or on the issuer's web site.

Report your card lost or stolen.

If your card is lost or stolen, report it to the issuer immediately. Some issuers will not replace the cards, but others will replace them for a fee. According to the National Retail Federation, improved technology has allowed some retailers to reissue lost gift cards if consumers have the original purchase receipt. Some stores also encourage gift card recipients to register their cards online so they can check their balance and receive a new card in the event that their gift card is lost or stolen.

At Credit Answers we believe in educating our customers so they can get the credit card debt help they need. If at any point you have a credit card debt question, one of our experienced debt management settlement coaches will be happy to help you live better debt free. Call 1-800-297-6417 24 Hours A Day!

Benefits of Shopping Online

2008-12-09T08:08:00.000-08:00

Malls and department stores may not be bustling with as many customers this holiday season. According to Deloitte's 23rd Annual Holiday Survey, online retailing will continue to grow this holiday season, with a record 71% of consumers spending at least part of their holiday budgets on the Internet. The survey shows that difficult economic conditions are a factor in the Internet's continued growth. More than one-third of consumers say they will shop more online in order to save on gas. In addition, because of the economic environment, more than half will be on the lookout for free shipping offers from online retailers. The tips below discuss in detail some benefits of shopping online.

Enjoy the convenience.

Before the days of online shopping, you may remember battling crowds, standing in long checkout lines, and fighting for parking spaces at a busy mall. These types of hectic environments may trigger stress and cause consumers to make impulsive or extravagant purchases. Shopping online allows you to browse the Web in the privacy of your own home. You may be more likely to make rational purchasing decisions and stay within your budget when you do not have to worry about diving on a store shelf for the last toy that is in demand. As mentioned previously, making purchases online can also help you save money on gasoline. According to a survey from the National Retail Federation, 23% of the participants claim that they shop more online because of high gas prices.

Take advantage of free shipping.

Shipping fees can be one of the hidden costs of ordering items online. However, according to a survey from the National Retail Federation, 78% of online retailers plan to offer free shipping with conditions during this holiday season. Many online stores require customers to spend a certain amount of money in order to receive free shipping. This is a great perk, but be careful of using free shipping as an excuse to buy extra items that you may not need. For example, if you only plan to spend $25, think twice before you spend $50 just to receive free shipping. Visit www.freeshipping.org for a list of offers from more than 850 stores.

At Credit Answers we believe in educating our customers so they can get the credit card debt help they need. If at any point you have a credit card debt question, one of our experienced debt management settlement coaches will be happy to help you live better debt free. Call 1-800-297-6417 24 Hours A Day!

Credit freeze laws are streamlined in certain states

2008-12-01T09:00:00.000-08:00

A security freeze gives consumers the ability to freeze or lock access to their credit files against anyone trying to open up a new account for credit or services in their name. When a security freeze is in place at all three major credit bureaus, an identity thief cannot open a new account because the potential creditor or seller of services will not be able to check the credit file. When the rightful consumer is applying for credit, he or she can lift the freeze temporarily using a PIN so legitimate applications for credit or services can be processed. Most states give the credit bureaus up to three business days to lift or remove the freeze after a consumer makes that request. As of September 1, consumers in Arizona, Idaho, New Mexico, Utah, Wyoming, and Washington, D.C., will be able to lift or remove the security freeze within 15 minutes of making an electronic request to the credit bureaus using a PIN. This same provision goes into effect in January 2009 in Delaware, Indiana, Maryland, Montana, Nebraska, and Tennessee. The rules for using a security freeze vary across the country because of different state laws governing their use.

At Credit Answers we believe in educating our customers so they can get the credit card debt help they need. If at any point you have a credit card debt question, one of our experienced debt management settlement coaches will be happy to help you live better debt free. Call 1-800-297-6417 24 Hours A Day!

Sales Techniques To Get You Into Credit Card Debt

2008-11-24T08:17:00.000-08:00

Below are a couple of sales techniques used to get you into more credit card debt.

Open an account and save.

Many chain retailers offer a store credit card to their customers. Employees are usually trained to persuade customers to complete a credit card application at the checkout counter. Sales associates persuade customers by telling them that they can save a certain percentage off of their purchase. Due to technological advances in recent years, customers will know the outcome of their application in minutes. Applicants usually just need to swipe another major credit card along with entering some other basic information into a pin pad. If approved, the cashier issues a temporary credit card so the customer can use it until they receive the plastic one in the mail. When it comes time to re-establish your credit, you may want to think twice about opening up a store account at a register. Checkout lines and retail stores are usually busy and hectic. This type of environment may cause you to make impulsive decisions. If you really want a credit card from a particular store, it may be best to think about the choice before you make a snap decision just to save 10 or 20 percent. Keeping a revolving balance on the card can quickly surpass that amount of savings. Don't bother telling the sales associate that you do not think you will get approved. Many stores will still give you the discount, but the inquiry will appear on your credit report. Too many inquiries may affect your credit rating.

Buy now and make no payment for three years.

Stores that sell furniture and large appliances are notorious for offering deferred payment sales. Receiving your purchase now and not paying for it for years may seem like a wonderful option. These sales also promote that there will be "no interest" during the deferment period, which also may sound like a great deal. However, many consumers fail to read the fine print before signing the paperwork. In most cases, these contracts state that if you wait until after the deferment period to start making payments, you will be paying the accrued interest from the date of your purchase, which can result in an outrageous amount of money. Before agreeing to this type of contract, be sure that you can pay off the balance within the deferment period. Consider the fact that your situation may change during this time and you may not be able to make payments as early as you would like. Also, consider how long it will take to pay off the balance if you simply pay the minimum. If it will take you ten years to pay off a piece of furniture by simply paying the minimum, consider what it will look like at that time.

At Credit Answers we strive to help the consumer with the proper debt help online to let them make informed decisions when it comes to debt management and debt settlement

Children & Commercialism pt2

2008-11-17T08:14:00.000-08:00

Make shopping trips a financial lesson. The effect of television commercials can surface when you take your children shopping. This gives young kids an opportunity to see all of the toys and products advertised in commercials. You are bound to hear pleas and whines begging you to buy them stuff. Consider having your kids start a master list of things they want. If they demand that you buy something for them in a store, tell them they cannot have it now. If it is really important to them, they can add it to the list. When birthdays and holidays come around, tell children they can pick a certain number of items from their master list.

Resist the urge to overindulge. As the holiday season approaches, advertisers are gearing up by airing many commercials for items that children may request on their holiday lists. There is nothing wrong with making a child smile for a special occasion, but catering to every one of their wishes may not always be a wise choice. Oftentimes, children that are showered with gifts from relatives on birthdays and various holidays become so overwhelmed that they may lose appreciation for the items. If grandparents, aunts, and uncles insist on splurging, suggest one or two toys along with savings bonds so children can learn the importance of saving for the future.

Be aware of how toys and games represent money. Certain toys and games on the market may give children misconceptions about money. Pay close attention to games that simulate a shopping experience or include play credit cards or money. These products may claim that they teach children financial responsibility, but in actuality, they may be promoting consumerism. Whether it's playing games, cooking, reading together, or just sharing space with the TV off, remember that the best thing you can give your kids is you.

At Credit Answers we believe in educating our customers so they can get the credit card debt help they need. If at any point you have a credit card debt question, one of our experienced debt management settlement coaches will be happy to help you live better debt free. Call 1-800-297-6417 24 Hours A Day!

Children & Commercialism pt1

2008-11-12T07:28:00.000-08:00

You are watching TV with your children and they see a commercial for the latest toy that features their favorite character. They will more than likely become excited and say: "I want that!" Research shows that this is how product makers want kids to react.

According to a national survey commissioned by the Center for a New American Dream, children aged 12 to 17 will ask their parents for products they have seen advertised an average of nine times until the parents finally relent.

Watching television commercials may seem like a harmless activity for children. However, companies use commercial spots and other advertising methods to promote new products to young consumers.

The Institute of Medicine reports that advertisers spent more than $10 billion targeting youth through TV ads, coupons, contests, and packaging designed for children. Exposure to an abundance of advertising can make parent and child shopping trips stressful experiences and may affect the future spending habits of children. Below are some tips to help children make smart choices in a consumer culture.

Limit TV time. According to CommonSense Media, a non-profit organization dedicated to improving media directed towards children, the average American child views 40,000 commercials each year on broadcast TV. That amounts to approximately 100 commercials per day! If you are watching TV with your children and they insist that they want a toy or product shown in a commercial, consider having a conversation with them. Tell them that you wonder if the product is really as wonderful as the commercial claims. You may also want to ask them if they currently have a toy that did not live up to its expectations or was not as fabulous as the commercial implied. This type of dialogue may help children make better purchasing decisions. If you are interested in how the amount of television and other electronic media exposure affects children, you may want to visit the web site for the Center for Screen-Time Awareness at www.screentime.org.

At Credit Answers we believe in educating our customers so they can get the credit card debt help they need. If at any point you have a credit card debt question, one of our experienced debt management settlement coaches will be happy to help you live better debt free. Call 1-800-297-6417 24 Hours A Day!

Many consumers surf for internet coupons

2008-10-29T11:24:00.000-07:00

Internet coupons are of increasing interest to consumers, according to a recent analysis by consumer and media measurement firm Scarborough Research. Eleven percent of households currently obtain coupons via the Internet, and this has increased 83 percent since 2005. However, the Sunday newspaper remains the number one place for acquiring household coupons. Fifty-three percent of households get their coupons from the Sunday newspaper. Other leading places for acquiring coupons include the mail (35 percent of households usually obtain coupons via the mail), in-store coupons (33 percent), preferred customer/loyalty cards (22 percent), in-store circulars (22 percent), weekday newspapers (17 percent), product packages (17 percent), and magazines (15 percent). All of the coupon acquisition categories have experienced growth since 2005, however none at the level of Internet coupons.

Thrifty Organizational Ideas

2008-10-22T11:12:00.000-07:00

Disorganization may cause additional stress in your life. It may also affect your finances. According to the National Association of Professional Organizers (NAPO), it costs an average of $10 per square foot to store items in your home and disorganization may cause "crisis" purchases, which involves buying duplicates of misplaced or broken items and last-minute shopping at premium prices. This does not help in reducing your debt. If your bills and mail are disorganized piles of paperwork, this could result in missed due dates and late fees.

Controlling your clutter does not always have to entail hiring a professional organizer or buying expensive bins and furniture. You may be able to use containers and objects that you already have in your home if you follow some of the tips listed below. Keep in mind that as you begin to organize, you will more than likely come across things that you no longer use. Try to sell them and make extra cash.

Is that really trash? Your family may throw away many boxes and household items each week. Before you toss something, consider if it will help organize clutter. For example, you could use empty cereal boxes to make magazine holders. (Detailed instructions are listed on this site: www.allfreecrafts.com/recycling-crafts/magazine-holder.shtml ). Empty tissue boxes can also be a solution to hold all of those plastic grocery bags. Wash empty glass jars and cans and use them to store a variety of small objects such as office supplies, craft beads, nails, or screws. Kids also can have fun decorating these types of objects. In addition to saving money and organizing your home, reusing items can also help the environment. Using a tin can as a pen holder is better on your desk than in a landfill.

Do You Have a Credit Card Emergency?

2008-10-13T11:52:00.000-07:00

When you received a new credit card, you might have thought that you would only use it for emergencies. Unfortunately, every clothing, shoe and electronics sale became a reason to use plastic cash. Too many of these alleged emergencies can cause difficult debt problems.

You may wonder what constitutes an emergency situation. Obviously, special sales would not be considered an urgent state of affairs. As you may know, department stores frequently have sales for items such as clothes and shoes. Instead of charging theses items, wait until your budget allows you to purchase them with cash. More than likely, you will discover a good sale when you are ready to buy.

If you are stranded at an airport due to bad weather, charging a hotel room is understandable. If your car breaks down, you might use your credit card to pay for repair and towing costs, especially if you need your vehicle to drive to work. If a family member becomes ill, some necessary items and services may not be covered by your health insurance, leaving you no choice but to charge medical expenses.

You may be one of many who acquired debt not because of frivolous shopping sprees, but because of numerous hardships such as the ones above. Unforeseen incidents do occur throughout most of our lives. In order to prepare for the costs associated with these surprise events, you may consider building an emergency fund. Although you are currently concentrating on fulfilling the financial requirements with your debt management company, you should also focus on saving at least $500 to $1,000 to offset the costs of life's unexpected events.

If you are close to completing the program with your debt settlement company, you may be eager to start rebuilding your credit. When you do so, open only one or two credit card accounts to use for actual emergencies and periodically to purchase items that you can afford to pay off in full each month. Showing repeated use of your card with timely payments of the total balance can only help your credit rating. Keep the charged amounts small, and make sure that they are for necessary items or services. Life can change in the matter of a day. Using most of your credit line for nonessentials today will not help you in an emergency situation tomorrow.

Debt Management Tips

2008-10-08T07:35:00.000-07:00

Here are just a few debt management tips to help you in these trying times. Credit Answers is always here to help you live better debt free

Shop around for prescription drugs:
For consumers who pay for all or most of their prescription drugs out of pocket, a new price study by Consumer Reports finds that it pays to shop around. Not only do prices vary from store to store for the same drug, but the fluctuations can be dramatic, sometimes more than $100 for the same prescription. Consumer Reports placed more than 500 calls to 163 pharmacies nationwide to gauge price differences among four prescription drugs. For example, prices ran from $29 to $85 for the drug Levoxyl (for treating hypothyroidism). Plavix, which prevents blood clots, could cost anywhere between $382-$541. Costs for generic drugs may also differ. The price range for the drug alendronate (for osteoporosis) was $124 to $306. Overall, the study revealed that Costco was the cheapest for the four drugs, followed by AARP.com and Wal-Mart. The prices at major store chains such as Rite-Aid and Walgreens could also vary depending on the geographical location.

New regulations require financial institutions and creditors to have identity theft prevention programs:
Financial institutions and creditors are now required to develop and implement written identity theft prevention programs under the new "Red Flags Rules," which is part of the Fair and Accurate Credit Transactions (FACT) Act of 2003. Under these Rules, financial institutions and creditors with covered accounts must have identity theft prevention programs in place by November 1, 2008, to identify, detect, and respond to patterns, practices, or specific activities that could indicate identity theft.

Tax-Free Days:
Visit the web site of the Federation of Tax Administrators (FTA) located at www.taxadmin.org and click on the link at the top of the page entitled "2008 State Sales Tax Holidays." Many states are waiving sales tax for back-to-school shopping.

Frugal Green Tips:
According to the U.S. Department of Energy, 75% of the energy used to power electronics in the home is consumed while the products are turned off. Consider unplugging items such as microwaves and cell phone chargers when not in use.

Paying off debt? Remember to relax!

2008-09-30T07:21:00.000-07:00

A hundredload of worry will not pay an ounce of debt. ~George Herbert

At this time, the idea of your debt may consume every one of your thoughts and emotions. If you attempt to think about something else, you receive a call from a rude collector and your worries and uncertainties become the forefront of your mind.

This daily stress can really make you lose sight of the unique person that you have become. Your favorite pastimes, interests, and hobbies may seem like a nostalgic distant memory. It almost seems like your sole purpose is to pay off debt.

Although this intense dedication to pay off debt is extremely noble, try not to forget the meaningful aspects of life and the person that you have become. Despite your financial crisis, you still have your friends and family and you can still recall positive memories that you share with them. You are still allowed to play your favorite CD, read an intriguing novel, or watch your favorite sitcom when you want to relax. Small pleasures such as these may be the diversions that we need, especially on difficult days. When the pressures of our money situation become unbearable, relaxing occasionally may give us strength and perseverance to accomplish our goals.

Dealing with stress effectively can also prevent anger and bitterness. As most of us know, life involves good and bad experiences. Instead of dwelling on the negative, think of your current situation as a learning experience.

Do not automatically assume that enjoying yourself requires a significant amount of money. It is true that it may not be realistic to book a lavish vacation or make a weekly appointment at an upscale spa. As mentioned previously, simple activities such as listening to music and reading can be relaxing. You also may want to explore what your local community has to offer. Summertime is a great time for free concerts and walks in the park. Taking the kids to the playground or going out for an ice cream cone can also give you a break from thinking about debt.

Renting Tips pt 2

2008-09-24T13:35:00.000-07:00

Don't alter the property.

The lease should also state what the landlord's rules are on making alterations to the property. One of the downfalls of renting is that most property mangers do not allow tenants to paint walls or make permanent changes to rental property without written permission. Even if you do receive written permission to paint, for example, you will usually have to change the color back to the original before you move out, which can be a hassle. Before you make improvements such as install an air conditioner or a dishwasher, consider the fact that you may not be able to take these items with you when you move. This can be an especially costly endeavor if you do not plan to live at the property very long.

Take care of your property.

When moving in, note any damage that is already visible on the property so you do not get charged for the repair when you move out. Upon moving out, make sure you leave the rental property in the same condition as when you moved in. For example, clean, vacuum, and fill small holes in the wall with spackle. Many apartment complexes also require that you have the carpets professionally cleaned before moving out. You are more likely to receive the majority of your security deposit, which is usually equivalent to one month's rent, if you follow the move-out instructions.

With the money you save from renting instead of buying you could start to manage your debt and pay off your credit card debt.

Renting Tips pt 1

2008-09-16T12:55:00.000-07:00

Despite difficult financial times, the National Multi Housing Council reports that the apartment industry is not affected. In fact, affordable rental units will be coming available as desperate sellers try to rent out units that are just not selling in the current market, according to Bankrate.com, an online financial resource. Therefore, the number of renters is expected to increase. If you are currently renting or expect to sign a lease in the near future, below are some tips that you may want to keep in mind.

Renting may be a good financial move.
There are many benefits of buying a home. Homeownership has often been equated with the American dream. However, this dream can easily turn into a nightmare for consumers that are not prepared for all of the costs associated with owning a home. In addition to a mortgage, purchasing a home also involves many other expenses such as maintenance, insurance, and property taxes. As a renter, your landlord or property manager is responsible for fixing major repairs like a broken furnace or a leaky roof. Expenses such as these could really break your budget, especially while you are focusing on settling your debts.

Read the lease
If you are required to sign a lease before moving in to an apartment, make sure you read it. Leases usually include quite a few pages of small print and it can be tedious to read. But, keep in mind that you are signing a legal and binding contract and it is beneficial to understand the agreement. Pay close attention to the rent due date, late fees, and the contact information for repairs. You also want to review the policies on terminating a lease. Most property owners do not make it easy for renters. Make sure you understand the provisions in case circumstances arise that do not allow you to fulfill the terms of the lease.

Bill Loughborough is Founder and CEO of Credit Answers, a Texas based debt settlement company. Credit Answers specializes in debt management, credit card debt settlement, debt management and avoiding bankruptcy. Credit Answers is a TASC "Best practices Accredited" organization and serves thousands of clients across the country and settles millions of dollars each month.

Are You Financially Prepared for a Natural Disaster?

2008-09-11T07:27:00.000-07:00

Natural disasters such as hurricanes can cause devastating damage. Hurricane season recently began on June 1 and runs through November 30. Experts at the NOAA Climate Predication Center are projecting a 65% chance that the Atlantic hurricane season will be above normal this year. AIR Worldwide Corporation, a leading risk modeling company that helps clients manage the financial impact of catastrophes and weather, report that hurricanes and earthquakes have the potential to cause approximately $500 billion of total economic losses. Although it may not be possible to completely protect yourself from the wrath of mother nature, below are some precautions and valuable information that may help you recoup a portion of your loses if you are a victim of a natural disaster.

Consider flood insurance. According to the Federal Emergency Management Agency (FEMA), flooding is the number one natural hazard. Many people have the misconception that their homeowners insurance will cover flood damage; however, it does not. In fact, FEMA indicates that only 25 percent of the 10 million homes that lie within high flood risk zones carry flood insurance. In order to obtain flood insurance, you must live in one of the 20,000 communities that participates in the National Flood Insurance Program (NFIP), a component of FEMA that handles flood insurance, floodplain management, and flood hazard mapping. For useful information about flood insurance, visit www.floodsmart.gov, the official web site of NFIP. Use this resource to determine your area's flood risk, estimate your premium, and helpful FAQ's concerning flood insurance.

Prepare your home for a disaster. Depending on which disaster is more likely to strike in your geographical area, take steps to reduce the risk of damage. For example, if you live in an area that is prone to hurricanes, install hurricane shutters on your windows. In regions that experience earthquakes, secure objects like bookcases that could easily fall. You may also want to consult a building inspector for suggestions on home repairs that could prepare your home for a disaster. Certain home improvements may also lower your homeowner's insurance premium. According to the Insurance Information Institute (III), it is a good idea to make sure you have enough insurance to rebuild your home and replace all of your personal belongings. You may also want to consult your insurance company about Additional Living Expenses (ALE) coverage, which pays for the additional costs of living away from home such as hotel bills and restaurant meals while your house is being repaired or rebuilt.

Fires may affect any home, so installing smoke detectors may be a good idea. The American Red Cross recommends that you contact your local fire department to see if they make free house calls. In some cities, a fireman may visit your home to evaluate your property and make fire safety suggestions.

Plan ahead. Visit www.ready.gov, the official web site of the U.S. Department of Homeland Security (DHS), for a printable emergency supply list. In addition to items like prescriptions and non-perishable food, USHS also recommends that you include copies of insurance polices and bank account records in a waterproof container. Although you may be on a budget, you may consider keeping a small amount of cash on hand or a small roll of quarters in case phone lines are down and you have to use the pay phone. For insurance reasons, you may also want to make a list of your valuables. The Insurance Information Institute also recommends consumers visit the site www.knowyourstuff.org to download free home inventory software.

Be aware of assistance programs. FEMA offers many assistance programs to those affected by disasters. Visit www.fema.gov and click on the "Apply for Assistance" link to familiarize yourself with the procedures. Depending on the type of emergency situation, you may qualify for a number of their programs including Disaster Legal Services, Disaster Unemployment Assistance Program, and the Emergency Food and Shelter Program. Your local branch of the American Red Cross may also provide you with basic needs such as food and clothing immediately following a disaster. Visit www.redcross.org for more information.

Bill Loughborough is Founder and CEO of Credit Answers, a Texas based debt settlement company. Credit Answers specializes in debt management, credit card debt settlement, debt management and avoiding bankruptcy. Credit Answers is a TASC "Best practices Accredited" organization and serves thousands of clients across the country and settles millions of dollars each month.

To Lease or Buy... That is the Question

2008-09-04T14:58:00.000-07:00

It's a common dilemma: lease or buy, buy or lease, which is better? Everyone who has ever considered leasing has had this question cross their mind. So what is the answer? Is it a good way to lower a bill to manage debt better?

Leases and loans are two different methods of automobile financing. One finances the use of a vehicle; the other finances the purchase of a vehicle. Each has its own benefits and drawbacks.

It's not possible to simply say that one is always better than the other because it depends on your own particular situation and preferences. You must not only look at the financial comparisons but also at your own personal priorities - what's important to you.

Is having a new vehicle every two or three years with no major repair risks more important than long term cost? Are long term cost savings more important than lower monthly payments? Is ownership more important than low up-front costs and no down payment?

So, making the lease or buy decision is not quite cut and dry. There are some things you need to
consider first.

Buying and Leasing are Different

When you buy, you pay for the entire cost of a vehicle; regardless of how many miles you drive it. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company. You make your first payment a month after you sign your contract.

When you lease, you pay for only a portion of the vehicle's cost, which is the part that you "use up"during the time you're driving it. You have the option of not making a down payment, you pay sales tax only on your monthly payments (in most states), and pay a money factor that is similar to the interest rate on a loan. With leases, you may also pay extra fees and possibly a security deposit that you don't pay when you buy. You make your first payment at the time you sign your contract.

Buy vs. Lease Example

As an example, if you lease a car that costs $20,000, but is worth $13,000 after 24 months, you pay for the $7000 difference(this is called depreciation), plus finance charges, plus fees.

When you buy, you pay the entire $20,000, plus finance charges, plus fees. This is fundamentally why leasing offers significantly lower monthly payments than buying.

Overdraft Protection: Good or Bad? pt2

2008-08-28T14:16:00.000-07:00

Much controversy surrounds the issue of overdraft loan products. As you may know, even if you do not have a linked account for overdraft protection, banks will still allow you to overdraw your account when you make check payments, withdraw money from an automated teller machine, or use a debit card. Then, they routinely charge overdraft fees. Legislation was recently proposed in an attempt to end this practice. However, representatives from five major consumer advocacy groups are disappointed with the outcome issued by the Office of Thrift Supervision, the Federal Reserve Board, and the National Credit Union Administration concerning bank overdraft loan products. The new proposal will require banks that allow overdrafts to provide a right to opt out of these programs, but the new proposal does not require banks to obtain permission to "opt-in" the overdraft programs before enrolling account holders in the systems.

According to a recent Center for Responsible Lending (CRL) survey, consumers want, but are not getting the choice of whether or not their checking account will include a fee-based overdraft loan feature. Interestingly enough, respondents to the survey reported that they would overwhelmingly prefer that their debit transaction be denied at the checkout counter if approving it would cost them a $34 fee. The CRL survey also found that 16% of respondents pay 71% of overdraft fees.

Keep in mind that overdraft protection is intended to help you out in case you accidentally overdraw your checking account once in awhile. According to Bankrate.com, banking experts estimate that approximately 50% of consumers that have overdraft protection use it every month. If you find yourself using this service this frequently, you may consider keeping better track of your expenses. Our tips on how to balance your checkbook listed below may help you bounce less checks and use overdraft protection as little as possible. After all better debt management is the key to living better debt free.

Overdraft Protection: Good or Bad? pt 1

2008-08-21T14:30:00.000-07:00

The term "bounce" or "bouncing" can refer to fun children's games or a cute newborn baby. However, when the word bounce is used to describe a check, negative thoughts may come to mind.

Let's face it. Most of us have inadvertently miscalculated our checking account or forgotten about an automatic deduction. It can happen to even the most budget-conscious individuals. Unfortunately, these simple oversights may have resulted in a debt problem or an overdrawn account and costly fees. According to the Center for Responsible Lending (CRL), a $100 overdraft with a $34 fee has an APR of 8.84% if the overdraft lasts 2 weeks. In addition, your bank may also charge you a daily fee, averaging $2 to $5, for each day your account has a negative balance.

Overdraft protection may help you avoid some of these fees and aggravation associated with bounced checks. You usually have to sign up for this service and have an additional account with your bank. If your account becomes overdrawn, overdraft protection kicks in and obtains funds from a savings or checking account, a credit card, or a home equity line of credit. Because of your limited access to credit, you may consider using an additional checking or savings account for overdraft protection.

When it comes time to re-establish your credit, you may want to reconsider using a credit card or line of credit for overdraft protection. Bankrate.com states that consumers may incur 18 percent or more in interest when they use credit for overdraft protection. Some banks may also charge an annual fee or cash advance fee for this service. With most overdraft protection plans, banks usually deduct money from the linked account in certain increments. For example, if your account is about to be overdrawn by $10, your bank may still take $50 from a line of credit. Therefore, banks encourage you to spend and borrow more money than you really need.

Secrets to creating a budget

2008-08-12T15:13:00.000-07:00

You'd never set out on a cross-country road trip without consulting a map. And, likewise, you can't expect to reach yourfinancial goals without developing a plan for spending and saving.

Budgets play a pivotal role in helping consumers pay off debt, feather their nest egg and make the most of their hard earned dollars. However, many Americans lack the money-management skills necessary to get their bank accounts under control. Many people write out budgets all the time without knowing where their money is really going. What they've created is a wish list of how they'd like to spend their money, but it's not realistic. Many novice budgeters make the mistake of becoming too financially conservative, at least on paper.

In setting budgets, it is important to not cut all the fun out of your life. This is where priorities come to play a major factor. You can't have everything you want, but you can direct your dollars toward things you want the most. If you enjoy eating out often, try limiting it to once a week.

Once you've determined how much to set aside for saving, spending and investing; it's time to make those numbers stick. The growing popularity of credit and debit cards makes it all too easy to rack up credit card debt. Try using cash for everyday purchases. With the exception of your mortgage and car loan, most consumers should implement a strict policy of paying with cash for groceries, clothes, vacations and non essential items. When spending cash out of an envelope you begin to get a better feel for where your money is going and what your priorities really are.

Don’t make the credit card companies richer by incurring fees.

2008-07-29T09:54:00.000-07:00

ConsumerAction, a non-profit consumer advocate group, reports that credit card fees cost card holders approximately $13 billion every year. Avoid late fees by reading the fine print to find out the grace period and due date for your payment.

Some companies state that a bill is also due by a certain time on the due date. For example, if your bill is due by noon, you could incur a late fee if the credit card company receives your payment at the end of the day. Credit Answers does not recommend that you keep a high balance on your credit card because of the negative effects of credit card debt and you also run the risk of obtaining an over the limit fee. A late payment could also allow a credit card company to impose a late fee in addition to an over the limit fee. Reading the fine print may also alert consumers to the fact that credit card companies may charge a no balance fee if you pay off your balance in full or apply an inactivity charge if your account has been inactive for a certain period of time.

Credit card companies also charge fees for cash advances and balance transfers.

Credit Answers - Credit Card Debt Solutions

2008-07-28T13:31:00.000-07:00

Credit Answers - Credit Card Debt Solutions