How to Get Small Business Loans When Disapproved by the SBA Program

Posted by admin in BusinessSep 28th, 2009 | No Comments

Many small business owners have been disappointed when their applications for small business loans were disapproved by banks under the Small Business Administration’s program for America’s Recovery Capital. According to an article written by Robb Mandelbaum in the August 12, 2009 edition of The New York Times Online, “the program is off to a slow start.” It seems that most banks are reluctant to approve applications for small business loans.

Mandelbaum reports that the Small Business Administration’s program has $255 million to give away, enough to give small businesses 10,000 loans reaching as much as $35,000 each. However, two months after the program was launched, there have only been 1,127 small business loans released, with a total of $36.8 million.

Sources are saying that banks are not very keen on participating in the Small Business Administration’s program because giving the small business loans would not be very profitable for them. Paul Merski,.chief economist of the trade association Independent Community Bankers of America, said, “There’s not a lot of profit motive in a $35,000 loan stretched over six years.” Bob Seiwert from the Center for Commercial Lending and Business Banking at the American Bankers Association reveals that, because of strict underwriting standards, servicing the small business loans becomes even more expensive.

The banks have also found more ways to restrict the approval of small business loans with the Congressional restrictions on loan eligibility. According to Congress, in order to qualify for the Small Business Administration loans, small businesses need to be both struggling and viable. That means the business should have had an “immediate financial hardship” such as a 20 percent decrease in revenue. However, the business must also be at least two years old with proof of positive cash flow in one of the previous two years. It should also submit a two year cash-flow projection proving that it will be able to afford loan payments.

Because of the Congressional restrictions, banks are more likely to approve small business loans from their existing clients. Merski said, “From a financial perspective, it really is a loan that makes sense for an existing customer. You’re not going to have to put out a lot of resources to do a very costly underwriting. You know the business.”

Those who are working in support of small businesses are very much disillusioned. An example is Alex Cooper who is a counselor at the Pima Community College Small Business Development Center in Tucson. He said he had assisted almost 30 small business owners with their loan applications but none of them had been approved. “It’s a disappointment. I thought the banks would be more interested in the community and try to help small businesses,” he said.

When the applications for small business loans are disapproved by banks under the Small Business Administration’s program for America’s Recovery Capital, small business owners still have another option. They can get the equivalent of small business loans from their credit card services.

Credit card services provide their clients with the ability to accept payments through credit cards or debit cards in person, online or through the phone. Clients who have established a certain minimum in average monthly credit card sales are qualified to apply for cash advances that are like small business loans. Payments are automatically deducted from future credit card sales.

If you are a small business owner, you do not have to go through the hassles of applying for small business loans with banks who are reluctant to participate in the Small Business Administration program. Get your trouble free small business loans from your credit card services instead.

Ftc Credit Report Repair Facts – for Consumers

Posted by admin in Credit ReportSep 23rd, 2009 | No Comments

The FTC claims that Credit Report Repair may be better for you if you do it yourself. You have seen advertisements on TV, local newspapers, internet. All of these credit report repair companies claim the following:

* “Credit Problem? No Problem!”

* ” We can get rid of bad credit problems – 100% guaranteed”

* “We can remove bankruptcies, judgments, bad loans and tax liens from your credit file forever

The FTC says “Don’t believe these statements. The only thing that will fix your credit is time, conscious effort, and a personal debt repayment plan will improve your credit report.

This article will explain how you can improve your creditworthiness and gives legitimate resources for low or no cost help.

The Scam

All over the US companies appeal to families and individuals that have bad credit problems. They promise for a fee, to clean up your credit report so you can get a car loan, a home mortgage, a job or even a insurance. The fact is, they cannot deliver. After you pay them hundred of dollars or even thousands of dollars in fees, these companies do absolutely nothing to improve your credit report. They typically vanish with your money says the FTC.

Warning Signs

If you feel credit repair with one of these companies is your choice, look out for the following.

* Companies that want you to pay before services are rendered

* Companies that don’t tell you your legal rights and what you cannot do yourself for free

* Companies that recommend that you don’t contact the credit reporting companies

* Companies that recommend you create a new identity by way of Identification Number.

* Companies that advise you to dispute all information in your credit report

Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed services they claim they can provide. The FTC says to get what they claim they can do in written, and once it is done then pay them.

The FACTS

No one can legally remove accurate information from you credit report. If you owe the debt, it will be on there for 7 years from original collection date. The law allows you the consumer to dispute inaccurate information on your report for FREE. There is no cost to you for doing this. Everything a credit repair company does for a fee, you can do it yourself for FREE. This is all in accordance to the Fair Credit Reporting Act (FCRA)

v You are entitled to Free Credit Report if you are denied for the following

1. Credit Application

2. Insurance

3. Employment

You are to ask for this report within 60 days of receiving this notification. You are also entitled to the free report if you are unemployed and are about to apply for job, if you are on welfare, or if your report is inaccurate because of fraud including identity theft.

v All 3 Credit Bureaus – Equifax, Trans Union and Experian are required to provide you once a year with a Free Credit Report. In order to get this report you must go to annualcreditreport.com.

v You are allowed to dispute items that are not yours for free. Under the FCRA any company that is reporting information about you that is inaccurate, this information must be updated correctly. If you owe the debt it will not be removed.

Step One

The consumer credit reporting company that is reporting information incorrectly about you must be informed in writing what information is inaccurate. You are to include a copy of documents backing your claim. You are to clearly identify in the claim the following

1. Your full name

2. Address

3. The item in the report that you are disputing

4. The request that it should be removed or corrected

5. Enclose a copy of the report and circle the item in question.

Your credit report dispute letter may look something like this:

Date

You’re Name

Mailing Address

City, State, Zip

Re: Disputing Inaccuracies on My Credit Report

Name of Credit Reporting Bureau

Mailing Address

City, State, Zip

Dear Sir or Madam:

I am writing for two (2) reasons:

1. To dispute certain information in my credit file; and

2. To have you investigate/re-investigate and remove inaccurate information from

my Credit Report and prevent its re-insertion. The item(s) I dispute are encircled

on the attached copy of the credit report and further identified by (identify the

items by name of source, such as creditor or tax court, etc. and identify type of

item, such as credit account, judgment, etc.)This item is (inaccurate or

incomplete) because (describe what is inaccurate or incomplete and why). I am

requesting that the item be deleted (or whatever specific change you are

requesting) to correct the information.(If you are enclosing documents such as

copies of cancelled checks, payment records, court documents, send copies

only, you should always retain the originals — and use the following sentence.)

Enclosed are copies of the following documents supporting my position:

1.

2.

3.

Please reinvestigate this (these) matter(s) and (delete or correct) the disputed

items within the time frame required by the Fair Credit Reporting Act (FCRA) and

inform me in writing of the outcome. Thank you for your time and consideration in

this matter.

Sincerely,

________________________

(Signature)

Your name

Once the investigation is complete, whether they removed the item or not, the creditor must give you something in writing. If the information was deemed incorrect, then they must remove it, and not put it back on your report.

Step Two

Advise the creditor or other information provider, in writing, that you dispute an item. Be sure to include copies only, not your original supporting your claim. The creditors usually provide an address for disputes. If the creditor reports the items to the 3 credit bureaus, they must include the dispute during the reporting time. If you are correct, the creditor must remove the item from the Bureaus it’s reporting too.

For information on “How to Dispute Credit Report Errors, go to ftc.gov/credit.

The reporting of correct information

When negative information is being reported about you, and it’s accurate the only way it will go away is with time. A consumer credit reporting company can report negative information about you for 7 years and bankruptcies for 10 years. Judgments can be reported for 7 years or until the statue of limitations run out.

Credit Repair Organization Act

By law credit repair companies must give you a copy of the “Consumer Credit File Rights Under State and Federal Law” before you sign any contract. They must also give you a written contract that specifies your rights and obligations. Read these documents carefully before you sign anything.

Example of what a credit report company cannot do:

v Charge you for anything until services have been completed

v Make false claims about there services

v Provide any services until they have your signature on a written contract and have completed a 3 day waiting period. During this time you may cancel the contract without any fees occurred.

v Payment terms for services rendered, along with total cost

v Detailed description of services you are paying for

v How long it will take to achieve results

v Any guarantees they offer

v Company address and name

Check your Credit Report at least 4 to 5 times a year.

Even if you don’t have poor credit, you need to know what’s on your credit report. Here are some good reasons per the FTC.

v Because the information it contains may affect whether you get a loan and the payment terms for that loan

v Make sure the information is accurate, complete, and up to date before you apply for a mortgage, credit card, car, insurance or even a job.

v To help guard against identity theft

Hopefully this has shed some light on credit repair, and the importance of have a recent copy of your free credit report.

Credit Card Debt Consolidation Loan

Posted by admin in Debt ConsolidationSep 19th, 2009 | No Comments

Debt Consolidation is meant for Consumers who do have high number of Debts and are not able to fulfill their commitments to wards the Creditors on a monthly basis because of various different factors amounting from high interest rate, poor credit, and debt to income ratio being way too high or might be due to certain unforeseen circumstances.

We at Debts Free life have Debt Consolidation experts who helps the Consumers in not only getting Debt Free as soon as possible but also would be saving the Consumer a lot on the their financials. We are a specialized Company in business from the last 3 years having helped thousand of Consumers get out of their Debts in a very effective manner. We do enjoy a very high rating with Better Business Bureau (BBB) and since we started this business not even a single complain has been filed against us.

What exactly is Debt Consolidation.?

Debt ConsolidationLoans usually do pile up all the high rate interest cards, and other high rate unsecured debts of the Consumer in one and offer them a single low monthly interest rate program. Not only has the Customer an affordable lower monthly payment plan but also due to the cut in the interest rate the Consumer ends up saving a lot of money. This is best solution for the Consumers who want to get Debt free rather than piling up on more debts. Now this wont affect the credit as proper Consumer Credit Counseling is also provided along with the best possible program of Consolidation. Therefore it often results wonderfully well in getting the Credit upright as well, which does serve the Consumers in a longer run of their lives. Getting Debt free was never so easy. Want to get out of your Debts. Just fill in the simple form below and one of our experts would be calling you shortly.

Debt Settlement is a procedure of negotiating with creditors to accept sum that is less than the full amount of the debt payable. Money build up in a special account until enough has been saved to disburse off one creditor, and after that the procedure repeats until the debts have been repaid.

A debt settlement company will charge you to perform this service for you, but those fees come out of your monthly payments and not out of your pocket. So, if you were paying the $1000 a month in total mimimum payments and you enrolled and were now paying $300 a month, your fees come out of that payment. This is how you would instantly free up $700 a month in cash flow. In these trying times, that’s a whole lot of money!

Debt settlement does have its negatives, however. Your payments go into an escrow account (which you have control over along with the attorneys) and your debts are paid off as the money builds up enough to pay off a debt. This means that your credit score will be negatively affected. If your credit score has already been affected this might not concern you, but if you have perfect credit it is definitely something to think about. The good news is that is won’t be affected for too long, definitely not as long as filing for bankruptcy!

Debt settlement in Arizona, also identified as debt arbitration or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.

WebsiteSource :Credit Card Relief

Michigan Car Insurance Comparison Online

Posted by admin in InsuranceSep 16th, 2009 | No Comments

Auto insurance is one industry which always remains full of activity due to several various reasons. Most of the potential auto insurance buyers do not get correct and timely information about the suitable coverage they need, the extent of risk that must be covered by them, cost of coverages, claim processing, customer service, etc. For this very reason, the internet has provided a way to help consumers complete a car insurance comparison to ensure that they are receiving reliable protection from a reputable company at an affordable price. Individual’s need to also take the time to understand the limits which are required by their particular state in order to be properly protected and abide by the state’s laws. Like any other state, Michigan requires that each owner and driver of an automobile must carry the proper liability coverage and it must be maintained at all times while their vehicle is being operated.

 

Minimum Liability:

Michigan auto insurance laws require No-fault insurance and it is against state law to operate a car without no-fault insurance. The minimum limits of a satisfactory policy issued has three parts:

 

Minimum BI/PD coverage limits for the state of Michigan

Up to $20,000 for a person who is injured or killed in an accident. Up to $40,000 for more than one person are hurt or killed. Up to $10,000 for property damage.

 

These limits are often described as 20/40/10.

However, in case of legal proceedings, courts sometimes award more than these minimum limit amounts. In such case, the insured would be responsible for paying the amount not covered by the limit on the policy. To protect themselves against these situations, consumers should compare additional coverage in order to ensure that they have adequate protection. If within a person’s budget, they can choose higher limits to protect against incurring financial hardship in the event that they are involved in a collision in which they are found to be at fault and their policy’s payout has been exhausted.

Obtaining and comparing auto insurance quotes for higher amounts of liability may surprise many, as they may find that the difference of being covered more extensively may not be as expensive as they thought. Similarly, there are some optional insurance coverages one may wish to consider. These optional coverages are not mandatory but can prove to be quite beneficial. Such options include collision and comprehensive coverage, which unlike basic liability, will compensate the insured if they suffers a loss and not just the other party.

The advantage of utilizing the internet for the purpose of receiving prices for premiums is that within minutes, web surfers can receive multiple rates from a variety of insurers. This gives them the opportunity to compare not only prices but the companies as well. Although price is important, the integrity of an insurer should be considered as well. There are agencies that rate carriers that anyone can access to help determine who they would like to do business with. The internet also provides a way for potential customers to make a comparison of different types of coverage which may benefit them. Quotes can be provided to inquirers free of charge and with absolutely no obligation. The option to purchase is also made available so that customers can become insured instantly and receive instant proof of insurance.

A Faster Way to Get Small Business Loans

Posted by admin in BusinessSep 13th, 2009 | No Comments

It is not easy for small businesses to get small business loans. Banks and other lenders require them to go through strict and complicated financial procedures with stringent requirements for qualification. After everything, credit approval is not even guaranteed.

Even the financing for loans supported by the Small Business Administration (SBA) cannot meet the needs of the majority of small businesses. Although the amount of credit available for small businesses has reportedly been increased by 25% since March this year, it is not that easy to avail of the said small business loans.

Small businesses seeking small business loans should know how to prepare the right kind of business plans that banks are looking for. To justify the loan, they should be able to show the banks in detail how they intend to use the money in business and how viable their plan is. Experts say lenders have specific points which they scrutinize applications for and applicants should know these points and tailor their submitted business plans accordingly.

It is also said that loan applicants should first establish a strong relationship with the lending bank in order to increase the possibility of having a loan approved. Banks supposedly give more small business loans to businesses they have already known and trusted long term. Since small businesses are usually new businesses, this is quite difficult to do and it cannot be done in a hurry. How can a new small business with financial needs establish a good long term relationship with a bank in time to meet its current needs?

Another requirement of lending institutions from small businesses applying for small business loans is a good credit history score.  A small business should first be deemed credit worthy by the bank before it can even be considered for loan approval. Again, small businesses that are stll young are at an immediate disadvantage here. How can they establish credit worthiness in time?

The US Congress has also placed Congressional restrictions on eligibility for the Small Business Administration loans. Small businesses first have to prove that they are at least two years old and are both struggling and viable at the same time. They should present proof that they have had a positive cash flow in one of those previous two years in business. They should, however, be currently struggling with “immediate financial hardship” with a decrease in income that should not be less than 20 percent. At the same time, they should submit their projections for cash flow for the next two years, proving that they will be able to meet loan payments.

A faster way to get small business loans would be through credit card services.

Any small business should have credit card services. Credit card services enable a company to accept customer payments for goods and services via credit cards or debit cards, whether over the counter in brick and mortar settings, through the phone or online. Credit card services provide the hardware and software for this.

Being able to accept payments through credit cards or debit cards can greatly enhance a small business’ income earning potentials. In addition to that, credit card services can provide the equivalent of small business loans with no need for any collateral. The amount of the small business loans are computed based on the average monthly income of the small business from credit card payments. The small business loans are then amortized through automatic monthly deductions of a certain percentage from the small business’ future credit card revenue. This means small businesses can almost automatically qualify for small business loans through credit card services, and will surely be able to pay such small business loans. Is there a faster way than this?

Report Card for the Fair Credit Reporting Act

Posted by admin in Credit ReportSep 8th, 2009 | No Comments

“It is the purpose of this title to require that consumer reporting agencies adopt reasonable procedures for meeting the needs of commerce for consumer credit, personnel, insurance, and other information in a manner which is fair and equitable to the consumer, with regard to the confidentiality, accuracy, relevancy, and proper utilization of such information in accordance with the requirements of this title.”

In the words of the U.S. Congress, the previous paragraph is the purpose of the Fair Credit Reporting Act (FCRA). In short, the Fair Credit Reporting Act is designed to help protect consumers against unfair practices within the credit reporting system.

While the mission of the FCRA was a noble one, a quick look around today’s credit society shows the results have fallen well short of expectations. What follows is how the FCRA has failed to produce a fair credit system for today’s consumers.

Detailing the Failures of the Credit Reporting System

1) Accuracy – It is well documented that credit reports contain errors but it bears repeating. Recent studies show that almost 80% of all credit reports contain factual errors such as duplicate listings, incorrect dates, tradelines placed on the wrong person’s credit reports, and omitted positive credit accounts.

These studies also indicate that 25% of credit reports containing errors significant enough to result in a credit denial.

How fair is a credit system that can cause a person to get declined for a loan or force them to pay higher interest rates than are necessary based on their actual credit risk? True, you have the right to dispute these inaccurate items with the credit bureaus, but this chore is not necessarily easy or foolproof. Depending on the nature of the erroneous items on your credit reports, credit repair can be a frustrating and time consuming ordeal that you are forced into because of no fault of your own.

2) Relevancy – While they do not say it directly, the credit bureaus’ creation of the VantageScore is evidence enough that the current FICO based credit scoring models are not as relevant as they could be. According to Experian spokesman Donald Girard, the VantageScore is “the most sophisticated, highly predictive scoring model that’s available in the marketplace” and as a consequence the much more popular FICO score is less predictive.

One of the flaws in the FICO score that the VantageScore tried to fix is the impact that very old credit accounts have on the credit score. According to Dr. Bonnie Guiton Hill, advisor to President Bush on consumer affairs, “it is our understanding that computer models that predict credit worthiness find most information that is more than two years old nonessential.” This is why newly created scoring models like the VantageScore are beginning to ignore credit information that is over three years old. It does not serve to accurately determine your credit risk.

So why have lenders been so slow to adopt scoring models such as the VantageScore? They claim it is because FICO is ingrained in the current credit system and has stood the test of time. A more cynical answer is that these lenders are not willing to sacrifice the huge profits they make from charging higher interest rates on loans granted to people who are a relatively low credit risk.

Of course, this cynicism is not simply the result of a general and unfounded grudge. It is born from the observation that seemingly every quirk and inconsistency in the credit reporting system falls in favor of the lenders. For example, when looked at logically, it makes sense to close unused credit cards. Not too long ago, financial experts suggested people do exactly this to make your credit score look better by showing your lack of need for unsecured credit.

But now we know that closing those accounts can actually lower your credit score because FICO rewards you for having multiple accounts and a large amount of credit at your disposal. So while closing accounts seems to be the financially responsible thing to so, it is probably more than an odd coincidence that this behavior which makes you a less profitable consumer for banks and credit card companies it punished by FICO.

The same goes for paying off installment loans early and voluntarily lowering credit limits. Both of these actions seem inline with what we would expect from the ideal consumer, but neither will have a positive impact on your credit score. Early payment of installment loans, another common goal of a financially responsible consumer that diminishes the profits of lenders, is not noted on your credit reports. And contrary to what you would think, lowering credit limits would lower your credit score because as alluded to above, you are rewarded for having multiple credit accounts and lots of credit at your disposal.

But by another quirk of the FICO credit scoring model, you are rewarded for having multiple credit accounts, but you are punished for seeking new credit. Consumers are told that inquiries are added to your credit reports each time you apply for credit so other lenders can see that you may be overextending yourself or crashing. But isn’t it convenient that inquiries will lower your credit score at the exact time when you are looking to qualify for new lines of credit? FICO wants you to have multiple lines of credit, but in trying to appease the scoring model, you will temporarily lower your credit score allowing lenders to charge you higher interest rates.

It seems no matter what you do, the deck is stacked against the consumer.

So while the VantageScore is a step in the right direction, it is still a long way from producing truly relevant results. This is because the VantageScore maintains many of the same scoring quirks exhibited by FICO and still uses the same basic, and very limited, variables for determining your credit score such as payment history, amounts owed, and length of credit history.

Your credit score is found by taking these variables as recorded in your credit reports, plugging them into a predictive model, and calculating a single three digit number. A late payment for example will be entered into the formula and will lower your credit score a set amount based on the amount of time it was late and how long ago the late payment was reported.

The fundamental flaw in this model, however, is that there is no accounting for why the payment was late. Whether you were late in making a payments because the lender did not send you a bill, because the bills were sent to the wrong address, because you wrote the wrong amount on the check, because your checks bounced, or because you blew all your money on illegal drugs; it is all the same in the eyes of the credit scoring model. Even if you have a sloppy lender to blame for your late payments, your credit worthiness in the eyes of lenders will be the same as a person saddled with a serious drug addiction.

3) Proper Utilization – Given how common it is for a credit score to be a gross misrepresentation of a person’s credit worthiness, it could be argued that the pervasiveness of credit scores in the financial market is improper. But in today’s society, the use of credit scores goes well beyond determining loan amounts and interest rates.

Employers, landlords, insurance companies and others may request to see your credit score. In today’s society your ability to get a certain job, rent an apartment, or qualify for reasonable insurance premium can all be dependent on your credit score.

Improper is a subjective term, but being passed over for a job because of completely irrelevant and possibly inaccurate negative credit items in your credit reports that are plugged into a flawed credit scoring model to produce a credit score that is not indicative of your actual credit worthiness fits the bill.

The FCRA Made Improvements, but there is Still a Long Way to Go

The FCRA’s failure to produce a system where the “accuracy, relevancy, and proper utilization” of your information is protected has resulted in a credit reporting system that is hardly “fair and equitable” to you as a consumer. But in defense of Congress, the FCRA has been heavily influenced by deep-pocketed industry lobbyists. In fact, when the FCRA was originally passed in 1971, Senator William Proxmire, one of the bills primary sponsors, felt defeated at what had become of his original intentions for the bill.

Since that time, the FCRA has been amended to become more and more consumer friendly, but there is still a ways to go and as was the case in 1971, those in the credit industry are still keenly interested in maintaining the status quo.

While the credit bureaus are no longer able to record information about you such as your ethnicity and religion, they also are not required to collect other personal information that is relevant to your credit worthiness. If you are a model citizen who has worked with the same company for 10 years, has a perfect criminal record and makes more than enough money to cover your expenses, it is fairly obvious that you are more worthy of credit than a career criminal who is a continual burden on the system. But none of this information is recorded by the credit bureaus or used when calculating your credit score. If you and the career criminal have the same types of accounts on your credit reports, your credit scores will be the same.

Also, while you now have the ability to see what information is contained within your credit reports, you do not have the ability to learn any more than the very basics of how this information is used to formulate your credit score. What impact will paying off a past due debt have on your credit? Which credit cards should be paid down first? What effect will shopping for a new loan have on your credit score? We have vague, observation based answers for these questions, but the exact formula is unknown and is subject to change at any time.

Finally, you have the right to dispute the questionable items in your credit reports, but you don’t have the right for this process to be easy or necessarily effective. Depending on your unique situation, credit repair can be as easy as submitting an online form or as difficult as tracking down creditors, fighting with collections agencies, and possibly involving legal intervention. The very entities who profit most from inaccurate credit reporting are the ones who played such a big role in watering down the FCRA and continue to resist consumer attempts to add equity to the credit system. It is these entities you are forced to contend with when working to enforce your right to a fair and accurate credit report.

Credit Card Debt Consolidation

Posted by admin in Debt ConsolidationSep 4th, 2009 | No Comments

Credit Card Debt Consolidation is not a loan so you don’t have to qualify or put up any of your assets. You can include current or delinquent unsecured accounts into the program. Your interest rates are either eliminated or reduced and that is in most cases. Interest rates will usually range somewhere between 0 to 9.9% once you have joined the program. By having this happen you should get out of debt up to 75% faster than you normally would. This in turn will help you build a better credit rating and score. Once your account is set up, you will make one payment each month and that payment will be distributed each month to the creditors you have included into your program. By joining this type of program you are not defaulting on your debt  therefore you can not be sued by your creditors. Default typically happens after 4 to 6 months of non-payment. Be very careful of any company advising you to stop your monthly payments to creditors. Read more at www.debtsettlementscams.com    

Most Credit Card Debt Consolidation programs usually last between 3 to 5 years and may be the fastest and most effective method of eliminating unsecured debts without a loan. Creditor payments are consolidated into one affordable monthly payment. The payment amount and payoff period quoted to you on Debt Solutions USA’s free no-obligation quote system is 90% accurate. Keep in mind you can always make a higher monthly payment if you chose to. Making higher payments will help you get out of debt faster than the proposed payoff period quoted. There is no prepayment penalty. The program will end when you are finished paying off your included debt or if you cancel the program.

Participation in Credit Card Debt Consolidation is NOT factored into your FICO® score.

Usual benefits of the program are:

Elimination or reduction of interest rates Reduction of monthly payments Stop collection calls. Proposals will go out to your creditors approximately 10 days after your designated draft date. Elimination late fees and over the limit fees Re-aging of past due accounts to a current status (usually done after making 3 consecutive payments) Re-build your credit and credit rating Consolidate your bills into one easy and affordable monthly payment The management of your debt to ensure the earliest possible payoff Restoring your peace of mind through goal orientated financial management and  budgeting analysis. Reduce creditor collection efforts because they are now being paid each month. 

Companies such as http://www.debtsolutionsusa.com offer information and a free no-obligation quote at https://www.debtsolutionsusa.com/credit-card-debt-consolidation.aspx

Police Warn Car Insurance Customers to Guard Against Thieves

Posted by admin in InsuranceSep 1st, 2009 | No Comments

Car insurance customers in Essex have been urged not to give opportunistic thieves the chance to break into their automobiles. Police in the area have therefore issued advice on how drivers could best avoid becoming a victim of vehicle crime. They suggested that motorists ensure they only park in safe and well-lit areas to ensure they do not attract unwanted attention from would-be thieves.

Report about automobile insurance customers reaction

Lorna Watson, the south eastern crime reduction officer, also suggested that using security devices is a good way to deter opportunistic criminals. She explained that it takes just one minute for a car thief to steal property left inside a vehicle. “It takes a lot longer and can be frustrating for the owner to deal with the insurance company, have any damage to the vehicle repaired or to arrange alternative transport,” she explained.

Meanwhile, a customers of car insurance companies in Buxton were recently warned by police that they may need to step up their vehicle security measures following an increase in the number of people attacked by vandals.

Author’s note: They are many motor vehicle insurance companies in Buxton, where the biggest one is Swinton Car Insurance company, which slogan is “Take care of the people you love the most for just a few pounds a month. more info Finding the right car insurance can be hard work particularly when there are so many companies around. That’s why Swinton can provide a refreshing change, we compare car insurance prices for you by searching the UK’s top insurers to bring our customers rock bottom prices.”