http://www.jpmstyle.com/lifestyle/debt-elimination/ Lifestyle, Internet, Tech news, Music, Daily life, Blog, Gadget and all the way Thu, 04 Mar 2010 13:55:10 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.jpmstyle.com/lifestyle/debt-elimination/#comment-160 debtsettlementscams Tue, 30 Dec 2008 17:52:33 +0000 http://www.jpmstyle.com/?p=829#comment-160 Debt settlement can be a great way to get out of debt fairly quickly, but beware, there are debt settlement scams around just waiting to take your money and leave you in a worse place than before. Debt settlement is the process of settling with your creditors for a percentage of the total balance you owe. For example, if you owe a total of $1000, and you settle with a creditor for 50%, you pay them $500 and call it even. This is a very simplistic example. Debt settlement can be a great way to get out of debt fairly quickly, but beware, there are debt settlement scams around just waiting to take your money and leave you in a worse place than before. Debt settlement is the process of settling with your creditors for a percentage of the total balance you owe. For example, if you owe a total of $1000, and you settle with a creditor for 50%, you pay them $500 and call it even. This is a very simplistic example.

]]> http://www.jpmstyle.com/lifestyle/debt-elimination/#comment-158 Suzie Orman Tue, 30 Dec 2008 15:20:58 +0000 http://www.jpmstyle.com/?p=829#comment-158 One problem when looking at for profit debt consolidation companies is that there have been many scam artists and this is a problem that is also true with nonprofits debt consolidation agencies so you will want to make sure to check out how long the company has been in business before using them and giving them your sensitive personal and financial information. One problem when looking at for profit debt consolidation companies is that there have been many scam artists and this is a problem that is also true with nonprofits debt consolidation agencies so you will want to make sure to check out how long the company has been in business before using them and giving them your sensitive personal and financial information.

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