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Debt Reduction- Debt Consolidation


Preface / Introduction Elizabeth English CALL NOW For your FREE INTERNET MARKETING CONSULTATION! Waiting for your call 24/7 - 315-668-1591 or Skype - lizenglish18

It is easy to get into debt. It is also easy to get overwhelmed with debt. People will constantly find that they have a debt amount that they cannot afford to pay. Companies like debt consolidation care claim to be able to help these people with this unmanageable debt. If you are thinking about going with a debt consolidation service, you need to be informed. @==>>This Could be Just What U Are Looking For!< ->http://tiny.cc/ytg4lw


Table of Contents 1. Debt Consolidation Leads 2. Debt Consolidation What You Need To Know About Debt Consolidation Care And Other Consolidation Services 3. Debt Negotiation Companies - Can Be A Lifesaver 4. Debt Reduction Calculators - Help Regaining Control Of Your Debt 5. Debt Reduction Loans - Do They Really Work 6. Debt Reduction Loan - Consolidate Your Debt 7. Debt Reduction Negotiation - Is It Right For You 8. Debt Reduction Planning Is The Key 9. Debt Reduction Plans - Can Make You Are Break You 10. Debt Reduction Software Can Make It Easier To Reduce Debt


Debt Reduction - Debt Consolidation

Debt Consolidation Leads Learning to market to your target audience affectively takes dedication and sometimes grueling hard work. In the industry of Debt Management and Consolidation leads are often generated many different ways. Learning to properly generate positive leads can take time and money! Marketing your niche to the World Wide Web is successful through creating good marketing strategies and providing services that no one else has. To find out just what you offer to your clients don?t have you will need to do some research or have experience in this field. Discovering new ways to draw potential customers or leads will take creativity, persistence and dedication. Going the way everyone else does will be competitive and may create a sense of defeat. The cost of using keywords to generate leads can also be costly. Finding keywords that are not being used, irregular spelling, etc?will increase your chances of spending less money per click and getting more visitors to your site hence more potential customers. Forms of Lead Generation in Debt Management: Traditional Marketing: This involves vigorous and excruciating hours of cold calling, as well as posting classified ads in the Debt Management or Debt Consolidation categories. Traditional Debt Consolidation loan leads were generated by word of mouth or various Advertising in print or brochures, etc? Squeeze pages: This form of marketing can generate Debt consolidation leads by writing a catchy article or sales letter and having the interested party type enter their information before the page is accessed! This will give you a true potential lead you can market you services too. Some squeeze pages require the potential customer to fill out a survey providing you with more information on the lead to manage what you need to send out. Article writing: Generating articles will give you an informative and catchy way to bring in the customers. Pulling them into the site this way will peak continued interested and gives you potential customer information for further use. Network Marketing: Networking with other communities in your industry will allow you to get your site out without creating a lot of extra cost. You can generate a great following from social networking groups in your field and share strategies, what works and what doesn?t work reaching the globe with the click of the mouse. Overall Debt Consolidation loans and debt management leads will provide you with great chances of a successful company. However you must be sure that the leads you create will give you leads that are in your target audience. Do not try and sell debt management services to someone looking to by a car, it just doesn?t work. This could set you back in advertising costs and well as time. Looking for the leads will give you a better idea of what others are looking for and provide you with the necessary materials to succeed. You also need to be looking for what others don?t have this research will enable you to create new strategies. Think about all we have learned here in a matter of minutes now think of what you could learn form all the marketing you will be doing, brilliant really!

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Consolidation What You Need To Know About Debt Consolidation Care And Other Consolidation Services It is easy to get into debt. It is also easy to get overwhelmed with debt. People will constantly find that they have a debt amount that they cannot afford to pay. Companies like debt consolidation care claim to be able to help these people with this unmanageable debt. If you are thinking about going with a debt consolidation service, you need to be informed. If you understand as much as possible about the process, you can be sure that you are making the right decision for your debt situation. You're Still In Debt Debt consolidation will make your debt situation easier to swallow. The smaller payments will be easier to handle. With that being said, it is important to remember that you're still in debt. Do not continue poor spending habits, and do not make plans for the amount of money taken off of your monthly payments. You should use the debt consolidation to attack your debt, not to continue old spending habits. You're Actually Paying More It is important for you to consider that fact that you will be paying more money overall with a consolidation plan. Consolidation companies need to make money. They will make this money through the extra money you pay, over time, through their loan. You need to realize that different consolidation companies will make you pay more than others. Do research to understand which consolidation company charges you the least amount of money over time. Consolidators May Be Sketchy Not every consolidation company is looking out for your best interests. There are companies that will charge exorbitant amounts over the life of your loan. There are other companies that may not make your full monthly payments. You must do your research to ensure that you are getting debt consolidation care from a reputable company. It Might Not Work Debt consolidation is not the silver bullet to your debt needs. You need to realize that you must change your spending habits and your financial habits. Failure to do so will lead to the failure of your consolidated loan. Make a conscious effort to change these spending habits. The more you can change about your financial habits, the better of you will be in both the immediate and extended future. There are debt consolidation companies that can help you with your debt. While these companies are making money off of you, it can be worth it in the end. If you think that you could benefit from these companies, be sure to do your research. You need to make sure that the company is legitimate, and that they will be able to help you with your debt. When you find this type of company, you will have found the debt help you need.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Negotiation Companies - Can Be A Lifesaver Debt negotiation companies can help you to get rid of your debts and reduce the total amount you owe. Sometimes also called debt settlement, debt negotiation occurs when a company liaises with your creditors on your behalf in an effort to get them to agree to a reduced amount of money as being payment in full for your debts. While this sounds like an easy way to get rid of your debts, the reality is you must already be several months behind on your repayments to qualify for a negotiation program. With payments already delinquent, it?s likely your credit has been affected negatively anyway. You?re also likely to have penalty interest fees and overdue payment charges added to your balances, which makes it even harder to catch up. In some cases, debt negotiation companies are able to negotiate to have the penalty interest charges waived and the overdue fees removed. Once these are gone, they can begin working to try and reduce the balance you owe. Why Will Banks Negotiate My Debts? Banks realize that if you?re already several months behind on your repayments, then there is a chance you may file bankruptcy. If this happens, they won?t get back any of their money and they will then need to write off your unpaid debts as bad debts. When a customer is in severe financial difficulty and asks for a negotiation to represent payment in full, banks will often realize that it?s better for them to get back a little of their money rather than nothing at all. In many cases you could negotiate to have your debt reduced to around 40-50% of your total amount of debt. Can I Negotiate My Debts On My Own? It is possible to apply for a debt negotiation with your lender on your own, however many debt negotiation companies have long-established connections with most lenders and banks. This can often give them a little more bargaining power as they?re presenting multiple applications. Another advantage debt negotiation companies have over individuals is that they?re able to discuss the terms of your settlement with calm, professional detachment. An individual is often distressed and upset by their financial difficulties, which can make them quite emotional when trying to work towards a settlement agreement. Bank representatives are often less helpful with customers who appear to be emotional. How Do I Find the Best Debt Negotiation Companies? Before you agree to any services from a debt negotiation company, always take a little time to do some homework. Ask about the fees and charges that will be incurred for their services and check the internet for any complaints about that company made by any other clients. When you think you?ve found some suitable companies, ask them for references. If the company representative tells you that they can?t supply references because of privacy issues, take your business elsewhere as this is not a valid excuse. Once you?ve found the right debt negotiation companies to help you, work on getting rid of those debts and regaining control of your financial situation.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Reduction Calculators - Help Regaining Control Of Your Debt If you?re serious about finding ways to get out of debt, then there are plenty of debt reduction calculators that can help you work out a plan of attack. Debt reduction calculators can be an excellent way to help keep your motivation levels high and show you what effect your actions are having on your total debt balances. It?s incredible to think that just an extra $1 per week can potentially save you thousands of dollars in interest. If you enter your own numbers into a calculator and then change your repayment amounts to reflect any extra amounts you can afford to pay, you can add up how much interest in total you?re paying and how much you could be saving. You can also work out how long it will take you to get out of debt based on your current payment levels. If you?re only paying the bare minimum repayments on your debts now, then you might be surprised at how many years it will take you to get out of debt. The result is usually a much bigger number than most people expect. Using Debt Reduction Calculators When you?re ready to work out a plan of attack to get out of debt, enter your numbers into a debt reduction calculator. You?ll usually be asked to enter your current income after tax, the amounts you owe, how much you?re being charged in interest and what your current repayment amounts are. Take a careful look at your starting point. Now change the interest rate to a lower amount and take a look at what it does to your repayment amounts. If you had that extra amount of money in your pocket each month instead of giving it to a bank, would that make life easier? What if you put that extra money back towards your debt reduction plan as extra payments? Take a look at what happens to your debt levels if you increase the amount of extra repayments you make. Figure out where you might be able to cut back a little of your current spending and add those savings to your debt reduction figures. Even a couple of dollars can make a difference to how quickly you can pay off your debts. Regaining Control of Your Finances Debt reduction calculators can help you work out a realistic plan that could give you the direction you may have been looking for to get rid of your debts and get your finances back under your control. It?s surprising how many people don?t have a clear idea of where their money goes each week and then they struggle to keep up with repayments, getting further and further into debt. Take a few minutes to enter your numbers into good debt reduction calculator and you should begin to see where much of the money you work so hard to earn goes each week. Your next step is to take a look at some of your other spending patterns to see if you can find ways to cut back on any other costs. Once you?ve played with the numbers in a good calculator, hopefully you will have realized that it is possible to reduce your level of debt if you work through your plan of attack and stick to it.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Reduction Loans - Do They Really Work Can you really get your level of debt under control by using debt reduction loans? Sometimes called debt consolidation loans, the object of debt reduction loans is to help you reduce your monthly repayments to a more comfortable level that can help you to regain control of your finances. How Do Debt Reduction Loans Work? If you have credit cards, store cards, payday loans or other unsecured debts, then you?ll know how scary some of the interest rates being charged on your balances can be. Rolling your balances over to a debt reduction loan can mean you?re paying much less interest on the money you owe, which can significantly reduce your monthly repayments. You may also have noticed that the minimum payments due on your credit cards and other consumer debts barely cover the interest charged. With debt reduction loans, the repayments are calculated to be principal-and-interest payments. This means a portion of each repayment is allocated to pay the interest due, but the other portion of your payment directly reduces your balance. This gives you the opportunity to reduce the amount you owe very quickly and get out of debt for good. Can Debt Reduction Loans Get You Out of Debt? If you?ve managed to consolidate your unsecured debts over to a debt reduction loan then you should already be saving money on your monthly repayments. By putting some of those savings towards paying extra amounts off your debt, you really can reduce your balance quickly and finally get rid of those debts once and for all. Unfortunately there are many people who use those cash savings to pay for daily expenses, so the consolidation loan gets relegated to a lower priority and people begin making only minimum payments on the new loan. What Can Go Wrong with Debt Reduction Loans? Far too many people apply for debt reduction loans believing they?ll be miraculously able to become debt free as soon as the new loan takes effect. What they forget is that they often have lifestyle expenses and spending habits that got them into financial difficulties in the first place. A debt reduction loan is only effective if you take the effort to mend the spending leaks in your budget so you won?t get back into the same situation again. Once your credit cards might have been rolled into the new consolidation loan how will you pay your upcoming bills? Will you have enough cash left over from your current income to resist the temptation to go out and apply for a new credit card at the first sign of financial trouble? There is a large percentage of people who take out debt reduction loans, only to find that they have at least one new credit card in six months time. Not only do they have a consolidation loan balance to pay off, but they also carry a credit card balance that needs to be paid off too. This puts them back at square one and in more debt than before they started. While debt reduction loans can be a great way to regain control of your finances, if you?re not careful they could also be a way to get you into even deeper financial trouble than you were in before you started.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Reduction Loan - Consolidate Your Debt A debt reduction loan is sometimes also called a consolidation loan. It might just be the right solution to help you get out of debt if you use it the right way. However, if you use it the wrong way, you might just find it could land you in a lot more trouble than when you started. How a Debt Reduction Loan Works The idea behind a debt reduction loan is to roll all the balances of your high interest credit cards, store cards or other personal debts into one easy loan. You only have to think about finding the cash to repay one loan instead of worrying about keeping up with multiple repayments on all your old accounts. In most cases, your consolidation loan will have a much lower interest rate than you were previously paying for your combined old debts. This usually means your repayments will be much lower every month as well. You?ll really notice the extra cash you have left over at the end of every month. On the surface it really seems like a debt reduction loan can be a great idea. However, there are some things that could go very wrong if you?re not careful. Getting Out of Debt with a Debt Reduction Loan When your new lower repayments begin, you should notice an immediate difference in your repayments. Try to take advantage of your reduced repayments by putting paying more than the minimum repayment on your loan. Paying more than the minimum will help reduce your balance more quickly, which helps get you out of debt faster. It also decreases the total amount of interest you pay over the loan term. What Could Go Wrong with a Debt Reduction Loan? Once you?ve consolidated your old credit cards, store cards or other consumer debts, you only have the one new loan to think about. This is great in theory, but what happens the next time you go to the mall? Many people who have debt problems are so accustomed to buying whatever they want on credit that when a new bill arrives or a shopping trip tempts them with new treats to buy, their first instinct is to reach for the plastic. If your cards are all paid off and closed, will you be tempted to go out and apply for a new credit card ?just for emergencies?? Statistics show that a large percentage of people who have consolidated old debts will end up with at least one new credit card within six months. Not only will you have a consolidation loan to repay, but you?ll also have a new credit card balance to pay off too. Effectively this puts you back to square one or worse. In order to make a debt reduction loan work for you, it?s important to address your spending habits so you won?t end up in the same situation again in the future. Avoid applying for more credit and make sure you put the savings you make on reduced repayments to good use.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Reduction Negotiation - Is It Right For You Debt reduction negotiation could be a good solution to help you get rid of your debt fast, but be aware that it?s not always the right option for everyone. In order to make debt negotiation work for you there are some things of which you should be aware. How Does Debt Reduction Negotiation Work? Debt reduction negotiation is most suitable for those people who are seriously delinquent with repayments on an unsecured debt. This means you wouldn?t have made a payment for six months or more. If this has happened to you, then you?d already be aware that penalty interest and overdue fees are added on top of your original balance, giving you an even bigger amount of money to repay. Most lenders realize that if you?ve fallen this far behind, then the chances of them getting all of their money back are slim. In fact, many customers in serious account default may be tempted to file bankruptcy. If this happens, the lender probably won?t get any of their money back at all. This means it becomes worthwhile for them to agree to a debt reduction negotiation with you. They may agree to accept a smaller amount of money from you as payment in full for your outstanding balance. Many lenders will also forgive the penalty interest and overdue fees in the negotiation process. Does Debt Reduction Negotiation Affect Credit Score? Debt negotiation will be listed on your credit report as a negative entry. However, if you?ve missed several payments already then your credit score has already been impacted. It?s also a far better option than bankruptcy, which can remain on your credit report for up to 10 years. At least by negotiating for a debt settlement agreement you have the opportunity to reduce your debts and then you can begin rebuilding your credit again without those debts hanging over your head. How Do You Apply for Debt Reduction Negotiation? If you feel that you?re able, you might choose to try and negotiate with your creditors on your own then you?ll need to prepare yourself before you call. You?ll need to have a list of all your debts written down and ideally you should also have a copy of your current credit report handy. You should also try to work out how much you can afford to pay in order to settle each debt. When you have all of these things prepared, try calling your lenders and explain your financial situation to them. Don?t be surprised if you end up talking to a rude or impolite representative, but don?t get angry. It?s important to stay calm and reasonable no matter how rude they might become. Make them an offer to settle the debt and explain your plan to clear your outstanding debts. In many cases, trying to negotiate on your own can often feel a bit like banging your head on a brick wall, but be persistent. If you don?t feel you can do it yourself, you can contract a debt negotiation company to work with your lenders on your behalf however you should have more than $7,500 in unpaid unsecured debt to become eligible for most programs. Be aware that you may incur fees if you choose to use a debt reduction negotiation agency.

http://www.LizsWorldprofit.com

Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Reduction Planning Is The Key Did you know Benjamin Franklin said ?We don?t plan to fail, we fail to plan?? Spending some time on debt reduction planning could really increase your chances of success. If you know your finances are a mess and you?re struggling with a mountain of debt, then you need to create a plan of attack to help you get rid of your debt properly. This means reducing your balances and working on your spending habits at the same time so you don?t end up back in the same situation in future. Step 1: Evaluate Write a list of your current consumer debts. If you have credit cards, store cards, payday loans, car loans, personal loans or other consumer debts, include them here. Bigger debts like mortgages or student loans generally have lower interest rates, so for your debt reduction planning, you will be working on those debts with higher interest charges. Include the names of your creditors, how much interest you?re being charged, your total balance and your monthly repayments. Step 2: Budget When you have a list of your total monthly repayments, write down how much income you have coming into the house each month after taxes. Then write down all your living expenses. It?s easy to remember the bigger expenses, like rent or mortgage payments, groceries, fuel, child care, utilities, insurances and any other living expenses you have. Deduct the total amount of your living expenses from your after tax income. This figure is the amount you have left over to put towards debt reduction. From this amount deduct the figure you worked out in step one for your total monthly repayments. Many people get a surprise at this stage to see that they spend more than they earn each month. If you have a negative amount after you?ve worked out your figures, then you?re in serious need of a debt reduction plan. Step 3: Create Your Debt Reduction Plan When it?s time to create your debt reduction plan, begin by circling the debt with the highest interest charge. This debt is costing you the most money, so it makes sense to get rid of this one first. Work down your list of debts from most expensive to least expensive. This is the order you?ll be working on repaying them. Change all your other repayments down to the bare minimum amount due on your list and put any extra money from these towards the most expensive debt first. Any extra money you have, either from bonuses or pay rises or even just if you hold a yard sale, put it towards paying off your debt. Step 4: Negotiate Take a careful look at the amount you?re being charged in interest. It?s outrageous! Call your creditors and ask if they?re willing to negotiate for a better rate or if they have an alternative product to offer you that is cheaper. If the representative is unhelpful, immediately ask to speak to the customer retention department. Lenders are more willing to negotiate if they think they?ll lose a customer. Reducing how much you pay in interest can often reduce your monthly payments as well, which gives you more money to put towards debt reduction. Step 5: Follow Your Plan Once you have your debt reduction plan in place, do your best to follow through with it. Update the list you made as each of your balances begin to drop and don?t give up on your efforts. Be patient and work through your plan until you succeed.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Reduction Plans - Can Make You Are Break You There are almost as many debt reduction plans as there are ways to get into debt in the first place. So which one is the right one for you? There is no point working on a debt reduction plan that worked for a friend or family member, because their financial situation is not the same as yours. What matters is that you find the right debt reduction plans to suit your income, your debt and your financial situation. It must be right for your unique circumstances. You might decide to use the snowball method, or aim at paying off the highest interest debts first. You could choose to try debt consolidation or even debt settlement options to try and get rid of your debts. Regardless of the type of debt reduction plans you choose, there are some things that hold true for all of them. In order to reduce your debt and get back in control of your finances then here are some things you will need to consider. No More Debt When you?re working on debt reduction plans it?s important not to incur any more debt. This means not charging anything else to your credit cards and not applying for new credit anywhere. You?re trying to reduce debt, not trick yourself into thinking just one more card won?t matter. It will. Declining Payments You might have noticed that the minimum repayment amounts on most credit card bills are different each month. This is because you?re charged interest on the balance owing. As your balance reduces, your payments should reduce too. If you have any accounts with declining payments, then ignore the amounts as they change. Keep paying the same amount you were paying when your balance was high and you?ll pay it off much faster. More Than Minimum Payments Never pay just the minimum payment on your accounts. In order to make debt reduction plans work for you and get out of debt for good, you?ll need to find a way to pay more than just the minimum payment due each month. If you?ve chosen the snowball method as your way of getting out of debt, then you?ll only be making excess payments on one debt at a time. As long as there?s extra money going on at least one of your debts, you?re making progress. Motivation The biggest problem with most debt reduction plans is that people lose motivation very quickly and fall back into their bad spending habits that got them into trouble in the first place. Find ways to keep your motivation levels high. You might choose to use a debt reduction spreadsheet to track your progress. Or you might plan a really nice reward for yourself once your debts are gone. Think about how much money you spend each month on repayments. If all those repayments were gone, what would you prefer to spend that money on? You might treat yourself by having enough money to save for a luxury vacation, or you might find there?s enough left over to save for a down payment on your own home. If you already have a http://www.LizsWorldprofit.com

Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation mortgage, you could project your debt reduction plans onto paying this debt down next and work on being completely debt free.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Debt Reduction Software Can Make It Easier To Reduce Debt It?s possible to download debt reduction software that can help you customize your own debt reduction plan. When you?re serious about reducing your debt balances, then finding a way to create a plan of action that is tailored to your specific income and levels of debt is important. If you could get rid of the burden of having to find enough cash to make your monthly repayments, how much extra cash would you have left over out of your pay check? The freedom that comes from being back in control of your own money is second to none. Imagine trying to work through a debt reduction plan that was too far beyond your level of income? You?d become frustrated and lose your motivation to continue very quickly. Using debt reduction software that allows you to work within your own budget, create your own goals and set your own time-frames means that you can create a realistic plan to eliminate your debt. The best part about using debt reduction software that you can personalize to suit you is that you simply fill in the blanks. The software will then generate a step by step payment plan designed to get you out of debt once and for all. The basis behind this kind of software is that it can help you sort through your priorities as you work out your budget. When you try to work out your income and expenses on your own, it?s easy to miss certain expenses or forget to add those little things you spend each month. Perhaps the biggest benefit of using software to help you is that you?re shown precisely how much you need to put aside out of your income each pay period to pay each of your creditors. Then you follow the plan created for you so you?re sure not to miss any payments. Once you?ve entered all your details, expenses, payments and bills into the program, the software can calculate if you can afford to pay each of your creditors an amount over and above the minimum repayment due. Even if it?s only a couple of dollars extra, it all adds up in the long run. Within just weeks of using debt reduction software you?ll begin to notice that you?re not falling behind on payments as often. This factor alone can save you thousands of dollars in interest penalties and overdue fees. One of the side effects often overlooked by people considering using debt reduction software is that once you?ve learned to follow the debt elimination plan set out for you, your credit score can actually begin to increase. Catching up on overdue payments and then beginning to make small extra repayments on top of your minimum payments can be reported by your creditors positively. So if you?re trying to find a way to pay off your debts and take control of your financial situation, then you should consider using debt reduction software. Customize it to suit your own income, expenses, balances and goals, and you?ll be well on your way to breaking free of the debt trap before you know it.

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Copyright Elizabeth English - 2012

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Debt Reduction - Debt Consolidation

Resource Republished with author's permission by Elizabeth English http://LizsWorldprofit.com. ==>How To Quit Your Job &**WORK FROM HOME**This Year.. -> http://www.LizsWorldprofit.com/?rd=pa0FK8io

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Copyright Elizabeth English - 2012

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Debt Reduction - Consolidation