Debit and Prepaid Credit Cards
EZINE - Debt-Relief
Debit and prepaid cards offer the convenience of a credit card without the debt. Apply for a secured credit card online!
 |
|
|
|
Check your credit frequently. If you are not sure about your credit rank, or you want to see your credit history through a creditor's eyes just follow this link.
Take a look at the Loan-Finder directory. Mortgage, loan, car loan.
|
|
|
|
|
|
|
|
Debt Relief Debt Settlement vs Mortgage Refinance
No financial planner would ever recommend a mortgage refinance (one form of debt consolidation) to get out of credit card debt. It is substituting secured debt for unsecured debt and you could lose your home over a bunch of unsecured credit card debt if you get injured or can't afford your new higher monthly payments. Also, and these are verifiable published reports, 77% of all people who refinance their way out of credit card debt are right back at the same level of credit card debt 2.5 years later on average only now with less equity in their home. So it obviously isn't fixing the problem. why? Because no behavior modification was needed. You made it too easy on them to just refinance out of cc debt. No financial planner will ever recommend that route. In settlement though they have to go without using credit cards for 2 to 3 years and do go through behavior modication as does an alcoholic in rehab. Secondly, credit counseling entries on your credit report are as bad as bankruptcy entriesthey will crash your FICO for 10 years and take you from a 700 FICO down to low 500's literally overnight. Debt settlement on the other hand is only a late pay on your credit report. Late pays bring down a 700+ FICO about 40-50 points, they bring down 600+ FICO's about 30 points, and bring down 500+ FICOs about 10-20 points. But more importantly, the FICO goes back up more than the drop from late pays as we eliminate the debt so their debt to income ratio goes down to zero and their FICO is back up higher than it was before they joined a settlement program even with the late pays on there,but we demand a withdrawal of the late pay entry as part of the negotiated settlement and get that 99% of the time. Superior Debt Relief is the only debt settlement company that pays for three levels of credit restoration afterwards to bring the FICO up even higher. Settlement is one of the methods used by mortgage consolidation people to get someone qualified into a home that was denied financing due to too high of a debt to income ratio.
BACK for more...
Burdened with Debt?
Too many debts? Having trouble paying your bills? Are you worried about losing your home or your car?
You're not alone. Many people face a financial crisis some time in their lives. Your financial situation doesn't have to go from bad to worse. If you are a homeowner why not look to release the equity tied up in your home, Why not consider a Debt Consolidation Loan to consolidate all your debts into one monthly repayment?
If your objective is to reduce interest rates and lower your monthly payments, avoid bankruptcy, consolidate your bills and have one monthly payment, or simply get out of debt the fastest way possible, then a debt consolidation loan could provide the answer. Check out credit cards after bankruptcy
Are you paying out too much every month for your credit cards, store cards and loans? Then why not replace them all with one, lower, convenient repayment through a consolidation loan? Or a secured credit card?
Consolidation loans can give you a fresh start, allowing you to consolidate all of your loans into one - giving you one easy to manage payment, and in most cases, at a lower rate of interest.
Secured on your UK home, low cost, low rate, cheap, low interest debt consolidation loans can sweep away the pile of repayments to your credit and store cards, HP, loans and replace them with one, low cost, monthly payment – one calculated to be well within your means.
|
Secured Credit Cards