Category Archives: Loans and Debt

Debt Collection Argentina

Debt collection businesses are considered highly profitable but it is tough business to do. Debt collection is a critical process to avoid business losses. It is also not viable for a business group or financial institutions to nag debtors to collect debt amounts. That why Debt collection agencies come into picture and these agencies make sure that debts are repaid. There are lots of debt collection agencies in Argentina who are committed towards their clients globally. Debt collection has even become the perfect free enterprise with safe returns.
It is universal practice among businesses to give credit to customers to earn goodwill and improve sales volume. But if customers do not pay their debts on time or try to get out of paying, debts can turn into a heavy expense and it can damage your business seriously. Bad debts, if not dealt with immediately, can become a black mark on a company’s balance sheet. So for reducing risk, many financial institutions opt for credit management agencies to recover their debts.
There are many advantages to hiring a debt collection agency. With a commercial agency working for your business, you can focus on your business plans without the worry of bad debt accumulation. You can have good customer relationships as collection agencies are professional enough. Another thing you can save the expense of in-house salaried personnel. If you hire a debt collection agency it may happen that it recover the whole debt as collection agencies have the incentive of getting a percentage of what they collect. You need not to bother from legal hassles as the collection agencies are familiar with debt collection rules and regulations.
In the end, agencies help your business in reducing bad debts and improving customer relationships. So the key tom success is to be discreet in selecting a good collection agency for your business. For more information

Exposed! The Legal Loophole That Lets You Wipe Out All Of Your Credit Card Debt.

There are literally millions of credit cards in the world today and even with the current credit crunch, the numbers of cards being issued is still on the increase, so the ramifications for the credit card industry are immense and for them at least, difficult to comprehend.

During the good times, credit card companies issued cards under the guidelines of the Consumer Credit Act 1974. However, in their greed to attract even greater numbers of customers each month, they forgot to ensure that their consumer credit agreements they issued to customers were legal and above reproach. This situation changed in April 2008 with the creation of new rules and regulations that fully covered every lending institution that issued a consumer credit agreement.

However (and this is the good part), there are literally millions of potentially flawed agreements in existence that mean you, the consumer, can wipe out your total credit card debt in an instant, legally and ethically/

The other thing to consider is that legal loophole applies to all unsecured debt such as personal loans, car finance, mortgages and PPI. They all have to abide by the Consumer Credit Act (CCA) 1974 and if they do not, then they could be left open to all of their customers making a claim against the vaibility of their credit agreement.

This is the hottest topic in the financial services industry at the moment as credit card companies frantically look to avoid claims and the potential for huge losses. They are full aware of this situation and are bracing themselves for the fall out as this dwarfs anything we have seen from the ‘reclaim your bank charges’ scneario that has been on the news for the last 12 months.

The process itself is simple to administer if you know how and if you have the right Barrister contacts. The Barrister in question must have an understanding of the legal process and the ensuing legal complexities of wiping out credit card debt. But remember, it is happening now and hundreds of thousands of people have started to wipe out their debts and ensure that they can start living a debt free life once again.

Debt Consolidation Loan Calculator From Online Lenders Right Away

One important reason of going for debt consolidation is to lower the monthly as well as the total repayments to be made. It can be hard to make all these calculations but most online lenders and lending companies have developed debt consolidation loan calculators to help their applicants do this easily. This will even help you to avoid some situations where you may end up increasing your repayments as this will not make sense.

Importance of using a debt consolidation loan calculator

Estimating repayments: it is very important to know how much you are supposed to repay on any given loan and this is no different with debt consolidation loans. This will see you seal a deal on a loan that you can comfortably settle thus helping you to avoid any financial hitches when repaying the loan. If you are allowed to honor your debts in installments, you should also ensure that these are really compatible with your monthly income.

Finding the best deal: by just using your eyes, you may not be in a position to tell the lender offering you the best deal on your debt consolidation loan since you need to put into consideration things like repayment period, interest rate allowed, other charges and amount being allowed among others. By making use of debt consolidation loan calculator, you can easily calculate the total repayments for every loan and picking the best will be very easy.

Avoiding financial constraints: there are some borrowers who are just so stressed out with their debt situation that they will end up falling for any deal where there are promised of handling such easily. You may therefore end up signing for a loan that may leave you in a lot of financial problems when making repayments. By making use of a debt consolidation loan calculator, you will choose a loan that you can really afford to clear.

Keeping a clean credit score: as earlier mentioned, you will go for a loan that you will easily handle by making proper use of a debt consolidation loan calculator. This will see you repay all your other loans and you will also be in a position to do the same for the consolidation loan. All this will help you to maintain a high credit score. Other ways of raising your credit score include:

Keeping the loan for a longer period
Keenly observing all the terms
Maintaining lower debts

Twelve Benefits of Do-It-Yourself Debt Settlement

Although the tide of bankruptcies receded after the new bankruptcy law went into effect on October 17, 2005, a swelling volume of new personal bankruptcy filings are starting to flow into the court systems. With consumer credit card debt now over $820 billion and 97 percent of consumers seeking pre-bankruptcy credit counseling unable to repay their debts, analysts should not be surprised to see bankruptcy numbers steadily climbing.

In the wake of these developments, debt settlement is becoming a popular bankruptcy alternative for consumers experiencing financial hardships. This trend will likely continue as the economy continues to suffer from sluggish growth, stagnant personal income, a persistent negative personal savings rate and rising gas and energy prices. In tough times, debt settlement often provides the fastest resolution to overwhelming debt outside of bankruptcy.

As debt settlements popularity grows, so do the number of companies offering professional debt settlement programs. These companies offer a valuable service to consumers, especially those who do not have the patience or emotional strength to negotiate directly with aggressive and sometimes intimidating creditors and debt collectors. However, with the right information, you can negotiate your own debt settlements and be debt-free in about two to three years.

Here are twelve benefits to demonstrate the value of the do-it-yourself debt settlement method.

1. Low investment. Do-it-yourself debt settlement guides are much less expensive than the service fees charged by professional debt settlement companies. For example, the popular Do-It-Yourself Debt Settlement Kit, published by the National Financial Awareness Network, costs only about $150 and is available for purchase online at www.nfan.com.

2. High return. If you were able to settle one $6000 account for 50 percent (which is a typical settlement amount), you would save $3000. That is a 200 percent return on your $150.

3. Save money. Hiring a professional debt settlement company will likely cost you thousands of dollars in service fees, compared to about $150 for a do-it-yourself debt settlement kit.

4. Know thyself. Who do you trust more than yourself with your money? Handing your personal, sensitive financial dealings over to a complete stranger can be unnerving, especially if it is unnecessary.

5. You are your best client. Professional debt settlement companies often service thousands of clients. It is nearly impossible for anyone else to provide the level of service and attention that you can provide to yourself.

6. Stay in the know. By managing your own debt settlement program, you will always know what is going on with your accounts. How can you keep yourself in the dark?

7. Record keeping. As a do-it-yourselfer, you only have your records to keep up with. Professional debt settlement companies often have thousands of clients and each client has multiple accounts to keep up with.

Get Out From Your Debt and Still Hold Your Assets

For a relatively small debt, living on a budget will be enough for you to cut down your debts and still keep your assets. Otherwise if you owe a lot, living on a budget is merely the first step in the get-out-of-debt process. You will also need to do some or all of the following actions:

Negotiate with your creditors.
Make a list of all your debts and the relevant information pertaining to each one. You should also analyze your budget to figure out how much you can afford to pay on your debts every month, starting with the ones that are the most important.
Ask your creditors to help you keep up with your debts by lowering your monthly payments on a temporary or permanent basis, reducing the interest rate on your debts, or letting you make interest-only payments for a limited period of time.
Never allow a creditor to pressure you into agreeing to pay more than you can afford. Whenever you talk with a creditor, explain clearly why youre calling and exactly what youre asking for. If the first person rejects your request, politely end the conversation and ask to speak with a manager or supervisor.

Consolidate Your Debt
Consolidating debt is a process when you get new debt to pay off existing debt. We know that going into debt to get out of debt may not sound reasonable, but if you did it right, it can be a smart debt-management strategy. To do it right, make sure that these following condition must be met when you consolidate:
The interest rate on the new debt is lower than the rates on the debts you pay off.
The monthly payment on the new debt is lower than the combined monthly total for all the debts you consolidate. The new debt you choose must be has a fixed interest rate.
You commit to not using credit again until the new debt is paid off.

Consult to credit counseling agency.
The advice and assistance of a credit counseling agency can be a great solution when you have a lot of debt and try to take control over it.
Credit counseling agency can especially help when you are still figuring what to do or not too confidence that you are able to improve your finances on your own. A credit counseling agency can
Help you to set a household budget.
Evaluate a budget you have already created previously, and suggesting changes that will help you get out of debt faster and avoid loss of assets.
Negotiate lower payments with your creditors and set up a debt-management plan for you
Develop your money-management skills.
Not all credit counseling agencies are reliable, so take time to choose a reputable one. First and foremost, that means working with a nonprofit, tax-exempt agency that charges you little or nothing for its services.

The Process of Debt Consolidation

Many people, today, are plagued with financial problems, and they do not know how to solve them. Some of them may have lost their jobs, incurred large amounts of credit card debt, or simply do not make enough money for them to cover unexpected bills. While many people may think that the only solution is bankruptcy, this is not true. There is a process called debt consolidation that can help them rise above their financial troubles and lead a worry-free life, once more.

How Does Debt Consolidation Work?

Bankruptcy is not a solution for every person, as debt consolidation can often solve even the worst-case financial situations. Once people decide to opt for debt consolidation, they will need to attend debt counseling with a qualified professional. They will need to bring such paperwork with them as a list of debts and creditors, a list of assets, income information, and a list of all monthly living expenses. Living expenses may include rent, utilities, medical bills, gas and food.

One of the options with debt consolidation is obtaining a debt consolidation loan. This is terrific for people, whose credit has not been severely damaged, as they can combine all of their debts, such as personal loans and credit card debt, into one convenient payment. Another option is for the debt counselor to negotiate payments with their client’s creditors. In many cases, creditors will lower interest rates and eliminate penalties. Clients will make one payment per month to a trustee, who will then pay each creditor.

Pros and Cons of Debt Consolidation

Just as with any other essential decisions in life, people need to think about all of the advantages and disadvantages of debt consolidation before choosing this plan of action. Some of the pros of choosing a debt consolidation plan is that it relieves people’s stress and gives them peace-of-mind. It also offers them an easy-to-manage payment plan with low interest rates and monthly payments.

There are some cons with debt consolidation, as well, with one being that consolidation loans are typically secured loans. This means that debtors will need to provide some form of collateral, such as their house; and if they do not pay all of their monthly payments timely, they could put their homes at risk. Another disadvantage of debt consolidation is that it may be impossible, afterwards, for people to obtain new lines of credit in the case of emergencies.

In conclusion, while there a couple of disadvantages to debt consolidation, there are many more terrific advantages. While the impact of consolidation on the debtor’s credit report may be negative at first, it will be positive in the long run, if people make their payments on time. With the advantage of having just one manageable payment per month, rather than several payments, and reduced interest rates, debt counseling and consolidation makes perfect sense for anyone in financial difficulty.

Congress Debt Talks Fall Short Again

The debt talks Congress has held as a result of the failure to meet the debt ceiling deadline over the summer have failed at their intended purpose of creating a deficit agreement. Lawmakers have reached a standstill and much of the talks have devolved into partisan bickering. If the talks don’t change direction by the deadline on November 21, this will result in over $1 trillion in cuts to many social programs and military spending.

This is not the first time government leaders have had problems cooperating to come up with solutions to the nation’s debt crisis. The talks between President Barack Obama and Speaker John Boehner fizzled out with no lasting solution for the American people. And the Bipartisan Deficit Commission, formed earlier this year, also made insignificant progress towards the goal of saving America’s financial future. Just using the previous year as an example, it should be clear to many Americans that their government does not have a proven track record of cooperation towards the greater good. Instead, many Americans may feel let down by their government leaders, who just don’t seem to be able to see eye to eye.

Things tend to be much simpler for individuals when they’re looking to solve their debt problems. Sometimes, when one consumer is looking for help managing his or her finances, short term loans are a popular option. Among the most popular types of short term loans are collateral loans, which allow a borrower to give something they own to a lender temporarily in exchange for a loan. And in this category of loans, car title loans are one type of loan that consumers choose because they often find the process easier than other loans. Car title loans don’t require a credit check, and come with lower interest rates and longer repayment periods than other short term loans. For comparison, “check advance” loans often charge interest rates approaching 1000% APR and usually need to be paid back within a week. Further information about title loans is widely available online. But the best source for information is industry blogs, such as those that are found on and

Obviously, the entire government will not be able to solve the country’s debt problems by taking out car title loans. It would be a nice thought, but when you’ve got a gross debt of over $15 trillion, short term loans simply aren’t going to do it. The only solution to America’s deficit problems is for Congressional leaders to begin working together and cooperating across party lines instead of plain old “politics as usual.” With the country’s economic future in the balance, politicians should learn that these games are not helping anyone.

Income Tax Relief on Income Tax Debt in Canada – Who Qualifies

If you have an income tax debt in Canada, at times it can feel paralyzing. Income tax debt in Canada can grow at an alarming rate. Unlike our counter parts in the US who often turn to criminal action to enforce non-compliance, the Canada Revenue Agency relies heavily on imposing interest and penalties to penalize taxpayers who file late, fail to declare income or improperly declare expenses.

Once late returns have been filed or past returns have been re-assessed by the Canada Revenue Agency, their first step will be to assess a penalty on the tax debt. The Canada Revenue Agency’s next step will be to calculate interest on the income tax debt and penalties going backwards to the tax year when the tax debt occurred. The end result is that the taxpayer can end up owing more to the Canada Revenue Agency in interest and penalties than the principal tax debt. For example; an income tax debt of $20,000 may end up being more than $40,000 once the interest and penalties have been calculated.

In Canada, a taxpayer can apply for income tax relief under the Income Tax Act. This does not mean that the principal tax debt can be reduced. However, the Canada Revenue Agency can cancel all or part of the interest and penalties.

One way that a taxpayer can qualify for income tax relief under the taxpayer relief provision is because of extraordinary circumstances. Penalties and interest may be waived if an event has occurred that was beyond the taxpayers control and was the cause of the non-compliance. Some examples of extraordinary circumstances are natural disasters (fire, flood etc), a civil disturbance, a serious illness or accident, serious emotional or mental distress, the death of an immediate family member etc

Another way that a taxpayer can qualify for income tax relief on an income tax debt is if they are suffering from extreme financial hardship. If the taxpayer can substantiate that they cannot pay because of job loss, they cannot pay the interest charges but could pay the principal tax debt, payment of the interest charges would interfere with their ability to provide basic necessities like shelter, food and transportation; in these cases the Canada Revenue Agency may waive all or part of the interest and penalties owing on the tax debt.

Finally, income tax relief on an unpaid income tax debt may be granted if the cause of the interest and penalties was caused, all or in part, by the actions of the Canada Revenue Agency. Some examples of this are processing delays; errors in material which led the taxpayer to file a return based on improper information, incorrect information being provided to the taxpayer by the Canada Revenue Agency, like errors in processing and undue delays.

An application for income tax relief is an official process that should be handled by a professional if you would like to increase the likelihood of your application being accepted.

Advice on Getting Credit Card Debt Consolidation Help

If you are feeling down in the dumps with huge debts, credit card debt consolidation programs can help you to realize the measures to be taken to clear the dues. While making an important decision, you really should talk it out it with people around you who are experienced enough to help you in your decision making. That means talking to friends, family members, or colleagues who have worked with debt consolidation programs themselves. Get the facts about debt consolidation programs and its various facets.

Go for programs that will resolve your debt issues and keep you out of danger. Every individual is surrounded by various economic problems and each one is equally stark. So when you are pursuing debt assistance it is important that the solution not only matches your requirement but also keeps you at ease.

A debt consolidation program includes a professional who has to his advantage a myriad of tools to use to help you get your monthly income under control. It should be noted that credit rating is very important. A company while consolidating uses primarily loan products to help you combine and manage your debts by reducing it. Your credit rating can have a large influence on what kind of loan you will qualify for and what kind of program to use to in your situation.

Debt consolidation helps you to save a certain amount of money for your checking account, investment account or a savings account. This would also enable you to increase your credit rating.. The procedure of debt consolidation constitutes gathering your multiple rates under one low interest, low payment monthly loan account. If you head for a debt loan, the result will be seen in your credit score as you are eliminating all of those credit accounts and replacing them with one reasonable loan. With the help of a debt professional, you can reduce your monthly obligations to a single loan thus allowing to free up extra cash and use cash to purchase things instead of credit.

Banks and creditors view debt consolidation loans favorably because they know that you will be engaged in some positive ways to repay your dues. The majority of creditors have an inclination to work with debt consolidators helping you to lower your monthly payments or interest rates because they see this as an opportunity to have debts paid in full and in a timely manner.

A profitable debt consolidation program tries to make you debt free.

Top Secrets for Commercial Debt Collection, Revealed

Are you a start-up and facing the problem of commercial debt? Have you given-up after repeated attempts to collect debt from a customer? If your answers to the above questions are yes, let me welcome you to the large family of small and big businesses that also suffer from the similar problem of commercial debt. But sometimes even the most hopeless of commercial debts can be collected. All you need is the right strategy and correct moves. Several collection agencies have been doing this successfully for many years. Given below are some top secrets of commercial debt collection revealed by Ranger Financial Services Richardson, TX:

You are more likely to catch the attention of the debtors, if you write to them in addition to giving them a call. If you call them for debt collection, there are high chances that your calls will not be answered and in rare cases when your call will be attended, they may have a bad attitude. Sending collection letters is comfortable for you and it will provoke debtors to think of debt payment instead of thinking of an excuse to give over phone

Ranger Financial Services Richardson, TX believes in the famous saying, tomorrow never comes. Therefore, ask your debtor to commit a specific date for payment. They may answer that the payment is in process and will be done any time now. Never trust them. Having a specific payment date will set deadline for clients and will make them answerable in case the payment is not done on that date.

Understand that your debtor is avoiding the payment because he may be in real financial trouble. Therefore, it is important to be cooperative with your debtor. Since you both share the common goal of payment of the commercial debt, communicate nicely with each other. Work together to make a repayment plan such as repayment in installments that will serve the purpose of loan repayment without too much of hassle.

Lastly, leave the hassle on the experts i.e. collection agencies. There are many small collection agencies that will help you collect a commercial debt for less than $30. This a very small price to pay if you have a big amount in stake. Ranger Financial Services Richardson, TX recommends hiring a good debt collection agency to collect your debt if you have failed to do so after repeated attempts. This way, you will not have to waste your time and still you can get repayment for your commercial debt.