Debt Relief News

Debt Lead Company offers & saving tips for debt settlement, consolidation, credit repair
August 17, 2009

Credit Card Debt Charge Offs Rise

Author: admin - Categories: Consumer Debt News, Credit Market Updates, Published Debt Relief Articles - Tags: , , , ,

A recent article released new info that charged off credit card debt in the U.S. continues to rise for credit card companies like Capital One.  Most analysts believe that the credit crunch will continue as home foreclosures, delinquencies, charge-offs and debt settlement cases keep rising. Finance giant, Capital One reported that they charged off $524.9 million in U.S. credit card debt in July, which is equal to an annualized net charge off rate of 9.83%, the highest charge-off rate of the year. It is also up from June’s rate of 9.73%. Read the complete credit card news post >Credit Crunch and Tightened Home Financing

June 4, 2009

Debt Settlement is Hip

Author: admin - Categories: Consumer Debt News, Credit Market Updates, Published Debt Relief Articles - Tags: , , , , ,

Debt negotiations have become the hip choice for savvy consumers looking to rid their lives of adjustable rate credit card debt. In a recent article, Hector Milla offers suggestions for debt management. He recommends choosing a debt settlement company that has experience negotiating with the finance companies that hold the notes on credit card debt. In the article he reminds us about the pressure that comes with high cost variable rate credit card debt that can get out of hand almost over-night.

When financial obligations begin to mount and it looks like you have no options for becoming debt free, consider debt settlement if you do not qualify for bill consolidation or a second mortgage. A debt settlement company can assist you in improving your financial state by managing and renegotiating outstanding credit card debt. Debt Relief News provides the industry tips and legislation that affects credit, debt, bill collection and bankruptcy laws. > Read original debt negotiations article online.

April 13, 2009

Voice Broadcasting Provides Hot Live Transfer Leads

Author: admin - Categories: Consumer Debt News, Credit Market Updates, Marketing - Tags: , , , , , , , ,

A former California mortgage broker operating a growing loan modification company and recently tested “Press 1” leads for foreclosure prevention and was pleased with the live transfer features.  The mortgage relief outreach reported better than average results from poor credit internet loan mod leads and direct mail marketing.  In addition to mortgage, the lead generation companies have reported high conversion ratios with credit counseling and debt settlement companies as well.

The former mortgage lending company is now diversifying their marketing with Voice Broadcasting method and it is a communication technique to reach more number of customers in a simple way. 

The loan modification company likes the efficiency of voice broadcasting leads and says they can be cost-effective with good mortgage data. This lead generation system enables easy management for the loan modification leads. The voice broadcasting leads are available from companies like the Lead Planet and Experian.  Read more at Live Transfer Leads Offer High Conversions When Voice Broadcasting.

March 9, 2009

Better Business Bureau Talks Bill Consolidation, Debt Negotiation and Debt Elimination Programs

Author: admin - Categories: Consumer Debt News, Published Debt Relief Articles - Tags: , ,

Consumers continue to get hammered by debt settlement and loan modification offers from lending companies to help get them out of debt.  When times are tough, these financial offers look appealing, but are they really the best for you?

Consider offers of debt negotiation, debt settlement, and debt elimination are three different options available to most consumers. The Better Business Bureau advises consumers to ensure they understand these critical differences before enlisting the help of a company to manage their debt or they could end up making their current financial situation worse.

The unemployment rate in the United States rose from 7.2 to 7.6 % in January according to the U.S. Department of Labor and more families are struggling to make ends meet. While the unemployment rate continues to rise, so do complaints filed with BBB against companies that claim to help consumers manage their debt. In fact complaints against debt consolidation and negotiation companies rose by almost 19 % in 2008 over the previous year.

“Consumers are bombarded every day with ads and e-mails offering services to manage or reduce debt and it’s hard to know which offer will work for them, let alone if the company can be trusted,” said Kathy Barrett, President. “Families in debt may think their situation can’t get any worse, but trusting the services of some debt negotiation, consolidation or elimination firms can actually lead to increased debt and bigger headaches.” Article was submitted by Tammy Dankovich.

March 8, 2009

Jason Cardiff Promotes Debt Consolidation

Author: admin - Categories: Consumer Debt News, Debt Relief Videos - Tags: , ,

KMG, President, Jason Cardiff addresses what homeowners should do if they can’t qualify for a loan modification. Cardiff talks about debt settlement and bill consolidation and the positive impact one of these debt negotiating programs can have on a family’s cash flow. KMG does not provide debt consolidation loans or negotiate with credit card companies, but they do manages several comprehensive lead generation campaigns leads to many of the nation’s top debt settlement companies and mortgage lenders.

-Live Transfer Bill Consolidation
-Exclusive Debt Relief Leads Online
-Direct Mail to Consumers in Debt
-Press 1 Campaigns Increase Conversion Rates

January 28, 2009

Do We Need a Credit Card These Days

Author: admin - Categories: Consumer Debt News, Credit Market Updates, Debt Relief Videos, Published Debt Relief Articles - Tags: , ,

Wondered why do we ever need credit cards? To your surprise, you actually need to have a credit card these days.  But you do NOT need credit card debt. As Suze Orman explains, Credit card debt continues to rise, but we live in a credit era that is automated and not having a credit card will limit some your opportunities.  If you have over $10,000 in credit card debt consider a debt consolidation loan or debt settlement.

December 10, 2008

Debt Settlement, Loan Relief and the Foreclosure Crisis

Author: admin - Categories: Published Debt Relief Articles - Tags: , , ,

Consumer debt continues to climb each year. Clearly, Americans have a problem spending more money than they have. Debt to income ratios have been increasing significantly with consumers as incomes are declining while outstanding balances increase at a rapid pace.

Over the last ten years, homeowners have been able to take out home equity loans and consolidate their credit card debts into a lower more responsible fixed rate payment that they could afford. Back then home values rose annually, so borrowers could refinance their spending problems every few years. When the subprime mortgage debacle turned into a credit crunch, mortgage lenders quickly tightened their loan guidelines. Almost simultaneously, home values began to decline and homeowners were no longer able to refinance and consolidate their debt. People began losing their houses because they were defaulting on their mortgages.

Unfortunately a foreclosure crisis arose and banks began to fail because with increased foreclosures came a serious liquidity problem that significantly limited banks to lend to each other. Even when the Federal Reserve cut interest rate many times, the credit crunch got worse.

Now Americans find themselves with high rate credit card debt and mortgages that are larger than their homes are actually worth. Homeowners aren’t able to refinance for lower payments, debt consolidation or cash out. With home equity loans disappearing, debt settlement has increased dramatically because it’s legal and gives consumers a true alternative to bankruptcy. Debt settlement provides debt relief because the debt negotiation companies are able to reduce your balances and pay-off your revolving debt that carries the compounding interest.

Watch The Office’s Michael Scott declare bankruptcy!

Another mortgage refinancing alternative that has risen in popularity with homeowners has been loan modifications. Mortgage loan modifications are the result of banks restructuring loans for borrowers so they can avoid a foreclosure. The liquidity of banks has eroded in the foreclosure epidemic and now delinquent homeowners seem to have more leverage, because mortgage lenders don’t want your home anymore.

Bryan Dornan is a home financing expert who has published many financial articles online. Mr. Dornan operates several companies like Lead Planet, Loan Modification Outlet and Nationwide Marketing. Dornan recommends doing your homework before making financial decisions like taking out new loans, filing for bankruptcy or seeking debt counseling. He suggests visiting the following debt relief websites: debt settlement, Mortgage Loan Relief and Loan Modification.

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