Want to learn more about solving debt?

sign up for news and insight here
by signing up, you agree to our Privacy Policy.

Top debt relief companies

Let us match you with the best tax debt relief company

Let us match you with the best credit card debt relief company

How to Stay Ahead of Your Debt Obligations


by Staff Writer on September 06, 2017  0 Comment

How to Stay Ahead of Your Debt Obligations
One of the biggest threats to average Americans’ economic future is uncontrollable debt obligations. The average American household owes close to $140,000 in debt, U.S. consumers are now $3 trillion in debt, and $1 trillion of those obligations consist of credit card bills. Sadly, many frugal and responsible people find themselves overwhelmed with debt obligations. Often because of circumstances beyond their control such as job loss, pay cuts, bad health, business failure, divorce and just plain bad luck. Many of these people end up using 25% or more of their income to pay off debt. This often leaves them with little money to pay for essentials like food, and no savings to deal with emergency expenses such as car repairs. ...

What is a Debt Management Plan? How Can It Help You Reduce Debt?


by Staff Writer on August 30, 2017  0 Comment

What is a Debt Management Plan? How Can It Help You Reduce Debt?
Are you tired of having your life interrupted by creditor phone calls? Have you disconnected your phone to avoid dinnertime interruptions, only to face threatening letters in the mail? If you can’t make the monthly payments and you are tired of watching interest and fees cause your balances to rise, you have several options. One choice many people consider is a debt management plan (DMP). Whether you face student loans, medical bills, or simply mounting credit card debt, many people today are in over their heads with unsecured debt. What Is a Debt Management Plan? When you sign up for a debt management plan, you can work with a credit counseling agency or organization to help get control of your ...

Bankruptcy: A Last Alternative to your Consumer Debt Problems


by Staff Writer on August 28, 2017  0 Comment

Bankruptcy: A Last Alternative to your Consumer Debt Problems
If you have debt you can’t pay, you’re just one of the millions of Americans in the same situation. And you’re probably not alone in considering bankruptcy as your only option, either. Our nation’s household debt is, once again, beginning to climb. In Q3 2016, household debt totaled 12.35 trillion, very close to the record high of $12.67 trillion in 2008. In the past year, credit card balances across the country increased by $18 billion to $747 billion, according to a report published by the Federal Reserve Bank of New York. And 7.1 percent of those balances were 90 or more days delinquent, says the same report. From job loss to illness, daily overspending or emergency expenses, all it takes ...

IRS Programs to Reduce Tax Debt – IRS Fresh Start


by Staff Writer on August 18, 2017  0 Comment

IRS Programs to Reduce Tax Debt – IRS Fresh Start
Owing the IRS is probably one of the scariest situations for an individual to be in. Fortunately, they offer ways to reduce tax debt. If you seek tax relief help and you don’t avoid attempts by the Internal Revenue Service to communicate with you regarding your debt, you could be in for a (good!) surprise —and substantial savings on your tax debt. Not all tax relief programs help reduce tax debt in the same way. Let’s look at the good and bad of tax debt relief so you can work effectively with a tax relief company to resolve your back taxes, perhaps even reducing your debt so you can start to pay it off. 1. The IRS Fresh Start Program ...

Public Student Loan Forgiveness


by Staff Writer on August 16, 2017  0 Comment

Public Student Loan Forgiveness
Believe it or not, there is a way that you can erase your student loan debt by serving your country and your community. Public Student Loan Forgiveness programs (or PSLFs) allow individuals to get out of some student loans by working for the government or certain non-profit organizations. The good news is - you can qualify for PSLFs by working at any local, state or federal government job. The bad news is that not every student loan is covered by the program. You will also have to wait 10 years and make 120 qualifying loan payments to achieve total debt forgiveness, so it is not an immediate solution. But student loan forgiveness programs are still a really good deal for ...

Learn All About Income-Based Repayment Plans for Student Loans


by Staff Writer on January 18, 2017  0 Comment

Learn All About Income-Based Repayment Plans for Student Loans
Image via Flickr by LaMenta3 Whether you have one student loan or many, you may be able to take advantage of an income-driven student loan repayment plan for loan management. Income-based repayment plans offer some of the best options for borrowers with relatively low incomes, but these plans aren't for everyone. Find out which borrowers and which loans are eligible for income-based repayment plans and learn how these plans compare with income-driven repayment plans for student loans. What Are Income-Based Repayment Plans for Student Loans? An income-based repayment plan, or IBR for student loans, is one of the many options that the U.S. Department of Education offers. This federal student loan repayment program is designed to make your loans easier ...

When And Why Would You Need An IRS Tax Attorney?


by Staff Writer on December 14, 2016  0 Comment

When And Why Would You Need An IRS Tax Attorney?
Your tax bill has arrived. But, as they say, you can’t get blood from a stone. You simply can’t pay. This is when you need an IRS tax attorney to help you navigate the complex landscape of tax laws and court revenue rulings. Perhaps the interest, fees, and penalties have mounted to the point you can’t even fathom your tax bill. Or maybe your circumstances changed, the money you earned is long spent, and you can’t pay the taxes you owe on past income. Maybe you’re a new business owner who vastly underestimated your earnings and, as a result, your estimated quarterly tax payments. Whatever your individual circumstances, you are probably scared, sick with worry, and concerned about your financial ...

The Truth About Debt Reduction Services


by Staff Writer on December 09, 2016  0 Comment

The Truth About Debt Reduction Services
Debt reduction services, also known as debt settlement companies, often seem like a dream come true. Once you meet with them and share your financial struggles, they promise to negotiate with your creditors, consolidate your bills, and help you get out of debt. Many of these companies even promise to make your debts disappear, guaranteeing they can help you settle for 30 - 50 percent of what you owe. Unfortunately, these services aren't always what they seem. As the Consumer Financial Protection Bureau (CFPB) notes, working with a debt reduction service may even leave you deeper in debt than when you started. Debt Reduction Services: 5 Truths to Consider Before you sign up for help with your debts, it's important ...

You may also like