Thursday, December 25, 2008

3 easy ways to stay out of debt

1. The first trick is to detail the costs - this miracle is your ability to save. Make a list of everything you buy and spend, you're looking for where the money goes. A small number of purchases on a daily basis can turn into something big in the long term on a monthly basis, which is clearly something. This brings the second round: to stop paying for many things that are not necessary.

2. This problem lies with the compulsive buyer. He loves to be walking through the malls and shops signing credit card slips as if he doesn't really have to pay for it. If this this type is you, using different types of loans to quench your insatiable thirst for more goods, only digging yourself increasingly in the pit of debt problems - a big no-no. The only thing to do is spend money on necessities and manage savings, after all the deductions. The percentage that recommended is of at least 12% of cash flow should be saved, possibly put in a safe investment, while making sure to keep the head just above water.

3. The trick is not hard, you should stop eating out. The reason why people continue to do so is simply because they lack the willpower to go grow grocery shopping and make their own food. It's also much generally much healthier to preapre your own food from gocery stores as opposed to eating out. Eating out is a needless expenditure.

So from now on, try to exercise some willpower by following the above tips in order to keep your head above water and start to pay off your debts. Don't give up hope you can salvage your credit rating and be debt free and stress free with the proper management of your money.

Want to make debt collectors scared?

Dealing with a debt collector is delicate. It can sometimes resemble a poker game, the two parties May or May not be the bluff and there is money at stake.

This technique could be particularly useful for consumers who are engaged in a credit card, debit request. I urge both mail cease and desist letter that using the technique described, with the presentation of his appearance, positive response from this.

If anything can kick the collector to the rear end, this will.

The end goal is that the collector to harass you (and / or withdraw its request) and move on the next victim, right?

Try this:

1) Send all communication with the debt collector (including validation, verification, or cease and desist what your situationrequired), via certified receipt Priority W / USPS number.

2nd) CC (Carbon Copy), the Attorney General in his report, as well as debt collectors. use USPS to include the tracking number for all parties to the letter so theycan see for themselves that it is not just bluff.

3rd) CC (Carbon Copy), the State Bar and the state debt collection.

4. ) CC (Carbon Copy) local television journalist Consumer research by collectors and its Member States.

5.) Be sure to include the courage of the CC of all documents sent to the collector W / figures on the USPS.

"debt recoverers" know that less than 1% of consumers tend to go ahead with their threats to contact the BBB, Bar, etc. Be proactive and "cc"-ing to these organizations in its correspondence or the collector will not take their shit and will not be intimidated.

Consumers who have tried this technique have found that you and your questions are taken much more serious than the threat to act alone. You have nothing to lose! everything to gain!

Your right in dealing with bill collectors

Stress of being unable to pay can have many effects in time. It is even more stressful to listen to a bill collector continue to call day and night about the recovery of debts. Even if the bill collectors can be persistent (their work), if a bill collector goes beyond the limits of the law, we can act. Federal Fair Debt Collection Practices Act, or FDCPA, prohibits certain acts of unfairness

In order to deal with debt collectors, it pays to learn what they can and cannot do. Although most bill collectors are careful to follow the law when contacting you, some are not. If a bill collector goes too far, you can take action.

The FDCPA covers debt collectors who work for collection agencies. It does not cover debt collectors that are employed by the original creditor (the business or person who first extended you credit or loaned you money).

Debt collectors from collection agencies cannot do any of the following:

* Call you repeatedly or contact you at an unreasonable time (the law presumes that before 8 a.m. or after 9 p.m. is unreasonable).
* Place telephone calls to you without identifying themselves as bill collectors.
* Contact you at work if your employer prohibits it.
* Use obscene or profane language.
* Use or threaten to use violence.
* Claim you owe more than you do.
* Claim to be attorneys if they're not.
* Claim that you'll be imprisoned or your property will be seized.
* Send you a paper that resembles a legal document.
* Add unauthorized interest, fees, or charges.
* Contact third parties, other than your attorney, a credit reporting bureau, or the original creditor, except for the limited purpose of finding information about your whereabouts. Unless you have asked collectors in writing to stop contacting you, they can also contact your spouse, your parents (if you are a minor), and your codebtors.

Under the FDCPA, you have the right to tell a collection agency employee to stop contacting you. Simply send a letter stating that you want the collection agency to cease all communications with you. All agency employees are then prohibited from contacting you, except to tell you that collection efforts have ended or that the collection agency or original creditor intends to sue you or take advantage of some other legal remedy.
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