Pete Stark Blows Up Over National Debt

Posted by admin on Nov 15, 2010 in Debt | 98 comments

Watch Congressman Pete Stark blow up when Jan Helfeld asks him why Stark believes, “the more we owe, the wealthier we are.”

Debt vs. Equity. Market Capitalization, Asset Value, and Enterprise Value.
Video Rating: 4 / 5

Financial Facelift – Top Selling Christian Debt Elimination Program

Posted by admin on Nov 15, 2010 in Debt | 2 comments

Financial Facelift – Top Selling Christian Debt Elimination Program
Top-selling Christian-based Finance & Debt Program offering Industry Secrets from 40-year Banking and Credit Industry Veteran. Get out of debt Forever & Unlock the Secrets to Financial Freedom. 4% conversion rates. Now Paying 70%!

Self Help Debt Settlement
Our patent pending method of self help debt settlement was designed to provide consumers with all of the tools they need to negotiate with their creditors directly for just .99.

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Most popular Debt auctions

Posted by admin on Nov 15, 2010 in Debt | 0 comments

Some recent Debt auctions on eBay:

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Weighing the Benefits of Debt Settlement

Posted by admin on Nov 15, 2010 in Debt | 1 comment

Weighing the Benefits of Debt Settlement

Debt settlement is an agreement with a creditor to accept a lower amount of money to resolve the money owed.  Debt settlement can be attempted with the original creditor, but it is usually after the debt has been sold to a collection agency that debt settlement comes into play.  There is, of course, no guarantee that the current creditor will settle.  Larger agencies are usually easier to settle with than smaller ones, but if you’re in trouble it’s an option that should be looked into no matter what.  Let’s look at some of the pros and cons of debt settlement here.

The Positive Aspects of Debt Settlement

Debt settlement can be extremely helpful to a lot of people.  For starters, you can be free of a large debt for less than the full amount owed.  Obviously, this can save you more than a small amount of money.  In many cases, the debt amount can be reduced by 40-60%.  Your credit status will be improved by no longer showing a delinquent item.  In some cases, creditors will even agree to delete negative information already supplied to the credit bureaus.  Also, debts resolved through debt settlement are no long subject to collection calls or other collection action.

The Negative Aspects of Debt Settlement

There are a few negative aspects to debt settlement, but most of them should be entirely avoidable to an informed consumer with a competent agency on your side.  Creditors do have the option of reporting the settlement to the credit agencies as a settled debt rather than as paid in full, so make sure you know in advance what they plan to do in that regard.  Additionally, make sure you receive the terms of the settlement IN WRITING from the creditor.  If you do not, they may sell the remainder of the debt to a collection agency and you may not be able to prove that the debt was legally settled.  Additionally, collection agencies are required to report any forgiven debt of more than 0 to the IRS, which can then be counted as taxable income for you.  Talk to a tax professional about that if possible.  If you have a negative net worth, you may be able to avoid being taxed on forgiven debt.

Obviously, there may be more pitfalls or advantages to debt settlement as regards your specific situation.  Only by speaking to a debt settlement professional can you be made aware of these issues.  A good debt settlement company will be reputable and accredited and be staffed with professionals who can examine your personal situation to determine what is best for you.  Most companies will be able to give you a free consultation without any obligation to go through with doing business with them.  Try contacting a few companies if you’re not comfortable with the first one you speak with.  It’s always good to be aware of how much they’re charging you and what you might save by going with another agency.  Once you find an agency you’re comfortable with, you may discover that debt settlement is the right thing to do for you.

Life And Debt

Posted by admin on Nov 15, 2010 in Debt | 0 comments

Life And Debt

Set to a beguiling reggae beat, Life and Debt takes as its subject Jamaica’s economic decline in the 20th century. The story has reverberations in the plight of other third-world nations blindsided by globalization, like Ghana and Haiti. After England granted Jamaica independence in 1962, the World Bank and International Monetary Fund (IMF) stepped in with a series of loans. These loans came with strings attached–the kind that would eventually plunge the country billion into debt, strande

List Price: $ 29.95

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Debt Counselling Report Unveiled by The Debt Counsellors

Posted by admin on Nov 15, 2010 in Debt | 1 comment

The Debt Counselling Report has been launched by debt advice experts The Debt Counsellors.

An in-depth look at the extent of UK debt, its causes and solutions, the Debt Counselling Report aims to provide invaluable information for those with debt problems, and emphasises the necessity of professional debt help.

Personal debt is an increasing problem in the UK, with the nation’s total standing at approximately £1.1 trillion and growing all the time. The Debt Counselling Report is a guide for people suffering with problems and looking for solutions to become debt free once again.

The Debt Counselling Report offers advice on credit card debt, debt consolidation, insolvency, bankruptcy and the Individual Voluntary Arrangement (IVA).

John Porter, a senior counsellor with the Debt Counsellors, insists that information and expert advice is essential in the battle against debt.

Porter says: “The important thing is that people in debt know that there are solutions to their problems, no matter how serious. Once that knowledge has been gained, they can then move forward to the next step, which is to seek professional debt counselling.

“The Debt Counselling Report provides information on the different types of debt to help those with problems fully understand their situation. It will also give them a good knowledge base with which to move forward and get expert debt help on the way to becoming debt free.