A Personal finance blog to get rich
Debt might be unavoidable. In some cases, especially when making a large purchase – like a house, a car, a holiday – or covering unexpected expenses, it is best advised you take out a loan (get into debt) so that you can do what you want or need to do.
In the past, digging out of debt could take years, and interest rates over what might be multiple loans further complicated your financial position.
“Why are Zwicker and Associates calling me?” We feel your pain. The debt collection company has quite a reputation for dishonest and unethical business practices. So, if for whatever reason it has your account, you would do well to know your rights and how to deal with such an agency, particularly this one.
What are Zwicker and Associates?
Zwicker is a 40-year-old consumer debt collections agency and law firm headquartered near Boston, Mass., that collects for various kinds of clients including credit card issuers. The firm, which pulls in more than $84 million in revenue annually, also buys accounts and tracks those down. As with other leading debt collection agencies, Zwicker is only called in when other resolution efforts have failed.
There’s no worse feeling than being bogged down by debt with no plan of how to escape from the financial nightmare. Getting into debt is so easy, yet climbing back out is no easy feat. But, by taking the time to look at your debt in a big picture view and having a plan of attack, you can slowly but surely pay off your debt.
But which debt repayment plan is the best option to use? While there’s no wrong or right way to pay down your debt, there are some methods that may be more advantageous than others.
Credit card debt is the worst type of debt. People fail to pay off credit card debt. Most of the time the debt relates to retail purchases that do not retain resale value, which is why the debt is so hard to shift, and why it builds up so fast. Credit cards usually have higher rates of interest than almost any other kind of money lend – this is another reason the amount you owe seems to rise almost faster than you can pay it back.
Today on my way back from work, on NPR radio I heard about declining credit card delinquency rate in the US, in fact, delinquency is at 7 years low right now. That was very good news for us. and a sign of recovering the economy but if you see deeper, the problem is still intact. Problem with paying only paying the minimum due amount every month.
There’s been a lot in the media lately about debt addiction. It’s a problem not only in America but in other parts of the world, too. Despite knowing the dangers of overspending, sometimes people can’t seem to stop creating new debt.
It’s not hard to see that many of us have too much debt – and we know it. In the wake of the Great Recession, many of us have taken steps to curb our spending and reduce our debt. But those steps are harder to take for some people. Despite knowing the dangers of overspending, they just can’t seem to stop creating new debt.
It seems as if there is a dizzying array of offers popping up all over the Internet promoting various debt consolidation companies. How do you choose the right one? You want to get out from under your mountain of debt and start spending money on the things you want instead of throwing it away on interest payments, but finding the right company seems overwhelming.
Here are 10 tips to help you pick the perfect debt consolidation company for your needs. But, first, refer to our Do it Yourself Debt Consolidation Guide. Only if you are not able to do it yourself, go for picking up the right company.
Do you feel the ground slipping from under your feet because of the huge responsibility of repaying multiple debts every month? Chronic stress and frugal fatigue became your most powerful enemies and you cannot seem to win the fight? Do you live mediocre due to the high number of debts? If you don’t feel in control of your finances and have a sense that money is running away from you then it can, as the NHS recognizes, have a big impact on your self-esteem and mental health.
If you’re struggling to clear your debts, you don’t need to suffer in silence. There are things you can do to get back control and start to tackle your money worries. Well, it seems like you have a single solution that could help you eliminate these troubles from your life.
Everyone has debt. Whether you owe money for medical bills, student loans, or credit cards, debt it is normal. What isn’t normal, however, is debt collector harassment. While their calls sometimes are a minor annoyance (because no one likes getting them), other times you may fear for your safety.
In this case, these calls can be considered debt collection harassment. According to the Fair Debt Collection Practices Act, debt collectors may not do the following:
A Harvard Business School Graduate recently made headlines for paying off a $90,000 debt load in just 7 months. It’s an amazing accomplishment and shows that it can be done. Maybe you can’t pay off that much debt in that little time, but if you’re willing to make tremendous sacrifices you can also abolish your debt in a fraction of the time as if you’d made regular monthly payments.
This list is to inspire you and make you realize there are avenues towards a debt-free life. Whatever you choose from below all will lead to freedom. Freedom from worries and stress.
Many of us have debts which need to be repaid and harnessing those debts can be quite the challenge. Humans are weak, and we are all prone to doing many of the same behaviors which got us into a bad situation in the first place, this time hoping for a different result.
Credit card companies know that most people fit the clinical definition of insanity so they keep feeding us their product. They also know that most of us one day emerge from the haze and make a conscious and earnest decision to get a hole of our lives.
This is why credit card companies and their subsidiaries have begun rolling out their debt settlement program. You may have some questions, such as:
