How do I know if debt consolidation is right for me?

How do I know if debt consolidation is right for me is a very good question. Before you answer this question we should take a little time to do an evaluation of what is going on with your Credit card debt and when do you want to see this Debt relief.

Debt consolidation should be a family affair as it will involve all aspects of the family spending. If you are the only one in your family than this will be quite simple. The first thing before you know if debt consolidation is right for you is to make up a family budget. You need to know where every little penny is being spent. If you stop at Starbucks for that coffee, this needs to be listed. If you give your children lunch money daily, this needs to be listed. If you stop and buy a coke on the way home from practice, this needs to be listed. Are you getting the picture? Everyone in the family needs to list where they spend every dollar, quarter, nickel and penny.

Now that you have the list down, let’s see the big picture. Do you have money left over to put into savings, or do you overspend and have a negative balance? If you have the negative balance, you need help and NOW. You need to do something different from what you are currently doing or that negative balance will continue to grow and just consume you.

If most of your money is going to pay on your Credit card debt, you need to make a change. First off, stop using the credit cards immediately. Cut them up and throw them out. Call the creditors up and tell them to close the account. They cannot actually close the account with a balance on the credit card, but they will prevent any new charges from being put on the credit card.

Next, look at your list and decide where wasteful spending is going on. Starbucks and cokes can all be stopped. There is a couple of dollars. Make lunches for work and school. Now you have more extra money. Keep doing this until you get the budget to no longer have a negative balance. Once you have done this, you can now proceed to get real Debt relief yourself. You do not need to pay extra money to go to a company and have them do this for you. You can do this. Just be persistent and stay focused.

If the balances of the Credit card debt are just overwhelming, then you should seek the help of professionals. Click here for a list of good companies that can help you get out of Credit card debt.

You might also want to consider debt consolidation loans. Debt consolidation loans will pay off all of your debt in one sweep and now you will only have the debt consolidation loan that you will need to pay off. The key is to cut up all of your credit cards and no longer use them again. You will be amazed on how stress free you will become without Credit card debt. Plus, debt consolidation loans payments are usually substantially lower than had you been making the monthly payment on all of your Credit card debt.

You can have Debt relief through debt consolidation. Do your homework and ask a lot of questions before signing on the bottom line. Talk things out with the family. Debt problems need to be out in the open and not in a closet. Debt problems can destroy families if they continue down the wrong path.

I hope this article helps you make that step closer to doing what you feel is best for you and your family.

Until next time,

Janna Jones.


How do I do fast debt reduction?

So how can you get your credit card debt paid off without doing debt consolidation or debt settlement and still find debt relief? This is a good question. Today I want to educate you on what fast debt reduction or debt management really is and how it works.

Since I have not come across a company that does fast debt reduction without doing a debt settlement, I am going to explain here what you can do yourself to reduce have true debt relief and take your debt and reduce it fast. First you will need to determine how much debt you actually have. Then you will need to figure out what the lowest balance is and list your credit card debt from top to bottom beginning with the lowest balance credit card debt as number one.

At this point, you will want to pay the minimum payment on all of your credit card debt and don’t be late with any of them. Once you pay off credit card debt number one, take the money that you were paying credit card debt number one and apply all of this extra money to credit card debt number two.

Continue to make the minimum payments on all the rest of your credit card debts. Once credit card debt number two is paid off, now take the extra funds that you were paying credit card debt number one and credit card debt number two and give all this money to credit card debt number three.

Are you beginning to see the big picture here? Before you know it, you will have paid off every single one of your credit card debt that you owe. The last two debts on your list should be your cars and your home mortgage. Wouldn’t it be great to also have these paid off as well?

Most of your credit card debt will be paid off within three to five years and then you will have debt relief. It will depend on what your balances are on your credit cards to determine exactly how long this debt management program will go on for you.

Now that you have completed the debt management process of getting rid of your credit card debt and have complete debt relief of credit cards, focus all of the funds on paying off your cars and then onto your mortgage.

Wow, what a great feeling you will have once you realize that you no longer have any debt, not even a mortgage! Keep in mind that in order to do all of this you would have had to cut up all of your credit cards and make the commitment to never have credit card debt again. Cash is still king and always will be.

Good Luck until next time,

Janna Jones


How do I remove a bankruptcy from my credit report?

How do I remove a bankruptcy from my credit report? This can be a big deal for someone that filed bankruptcy and wants to make a clean start with their credit. Let me start off with some very important facts before we go further on how to remove a bankruptcy from your credit report.

Bankruptcy can be such a scary word. We need to first of all identify what kind of bankruptcy needs to be removed. Let me start with the most common bankruptcy to the consumer. That would be a chapter seven bankruptcy. So now we can be more specific and say how do I remove a chapter seven bankruptcy from my credit report and Experience Life with BETTER Credit?

So, the question of how do I remove a chapter seven bankruptcy from my credit report, is one item that you want to remove. Really, it can be quite simple. You first need to realize that your chapter seven bankruptcy is no different as a negative item on your credit report than say, a charge off. It is still a negative item on your credit report that needs to be removed.

All bankruptcies are done through the courts. Anything done in the courts becomes public file record. However, this record is recorded on the towns’ public file for only one year. After that year is up, it is no longer on the public records. So, it becomes harder to verify that an individual even filed a chapter seven bankruptcy.

So in order to remove a bankruptcy from your credit report, you Monitor your FICO Score, obtain your credit reports, make the preparation and then send a letter to the credit bureaus asking them to verify if you even had filed a bankruptcy. Do you think it could be this easy? Think again. The credit bureaus will not let you make it easy. They will say that they verified that you did file bankruptcy and expect you to stop telling them to remove it. But if you keep at it, they will eventually give in to you and remove it from your credit bureau report.

Now why would they just go and remove a bankruptcy from your credit report? First of all, the credit bureaus do not really even investigate public records. Why, you ask? Most courts in all states usually will only allow any public records to be verified in person. They do not allow public records to be verified through the computer, (electronically). They also do not allow public records to be verified through the mail or even over the telephone. The credit bureau may claim that they have a special system in which they use to verify public records, but in reality, they don’t. The credit bureau knows that if you were to sue them and go after them for financial damages in court, they could be in big trouble. So you see, it can be quite bothersome for the credit bureau to verify if you even had filed a chapter seven bankruptcy. So than rather go through the courts, they give in and remove it from your credit report.