The Difference Between Good and Evil Concerning Collection Agencies

When you are dealing with collection agencies the first thing to understand is that not all of them are like the ones you see in the debt counseling commercials. Some are respectful of your rights under the law. Others however are the polar opposite and they will use illegal tactics to get you to pay. [...]

Using a Credit Card Debt Settlement Company

Considering how many individuals are eyeball deep in debt, it only makes sense for a great majority of people in the world to require the services of a credit card debt settlement Company. There is so much toxic debt around the [...]

Choosing the Right Debt Settlement Company

Choosing the Right Debt Settlement Company

A Google search for “Debt Help” will generate page after page of financial service companies offering different solutions to help you get out of debt. The various “Debt Help” options are generally Debt Settlement, Credit Counseling, Debt Consolidation, and Bankruptcy. In this article I will focus on [...]

Worked with a debt settlement company, but now have the $ to pay full amount. Which is better?

Several years ago, I was under-employed and drowning in credit card debt. I chose to go the debt settlement route. I was never comfortable with the process. Recently, I have come into a sum of money which can eliminate that full amount of debt with no settlements. Since my credit score [...]

DEBT SETTLEMENT

Debt settlement is a legal process used by both people in debt and their creditors to negotiate a settlement of an existing legal debt. This proactive approach can be the most cost-effective option to pay off your current debt while avoiding the negative effects of bankruptcy. Any person owing credit card debt, or any other [...]

Can you Eliminate Credit Card Debt by Novation?

creating a new contract to replace the first
A Novation is a new agreement and is recognized in the law. The definition of Novation from Bouvier’s 1856 law dictionary illustrates:
NOVATION, civil law. 1. Novation is a substitution of a new for an old debt. The old debt is extinguished by the new one contracted [...]