Free Credit Counseling

An Easy Way To Boost Your Credit Score Quickly

As some of you may know, about 30% of your credit score is made up of how much debt you have versus available credit. For example, if you have 2 credit cards with a credit limit of 5,000.00 dollars each for a total of 10,000.00 dollars, and you have used up all 10,000.00 dollars your debt to available credit ratio is 100%, or no credit available. This situation Significantly decreases your credit score, because you are maxed out. You have no more credit available.

Few of us can simply write a check for lets say, five thousand dollars to bring the ratio down to 50%. Also, if you are maxed out, it is much more difficult to apply for a new credit card, as credit card companies may not want to assume the risk.

Since banks this past ,year have dramatically reduced credit limits for even their best credit card customers, the odds are that many of you can benefit from this tip.

Visit Increase My Credit Score. The site sells Books and Music, but will issue a credit card for a significant credit limit, and report it on all three credit bureaus. So, you will achieve two things. An additional "paid as agreed" on your credit report, and a significant increase in your available credit. Doing this can quickly raise your credit score by a significant number of points, and, it is totally legitimate. Are they using this help as a marketing strategy? yes, but at the same time they are providing a service to you.

American Debt Enders has no ties with this company, we are simply passing along the information.

If you enjoyed this article and would like to subscribe to our FREE Credit Counseling Newsletter.

Written By:
Steven Ciantro
Member National Association Of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

This Christmas, Give Yourself The Gift Of Debt Freedom.

First, a word of thanks to the many readers of this Free Credit Counseling Newsletter. I wish you all a blessed and peaceful Christmas with many more to come. I spent some time thinking of what would be a fitting Christmas message to you.

If you have been following regularly you know we have been writing more and more about the financial system overall. How it has been designed with the Federal Reserve System to keep you the consumer a literal debt slave. Have you ever felt like a prisoner knowing that if you do not drag yourself out of bed to go to a job you do not like, you will lose your ability to survive? Or, that you are working just to keep your head above water? This is the feeling produced by being a debt slave.

If you have no debt, you can survive on very little. You will feel differently, because you will be empowered, as the master of your own financial destiny. I guarantee you, you will view yourself and the world in a different light. Most people actually feel that this is an impossible dream. It is not. You have been brainwashed, from your youngest days into the debt slave mentality. You have been taught that their is good debt and bad debt. The reality is that no debt is good. That includes tax deductible mortgage debt.

Additionally, in the coming yearsyou will be faced with paying taxes at a rate never before seen in this country. A massive redistribution of wealth, and please do not be naive and think that this will only effect the rich. If you have no debt, you will put yourself and your family in a much better position. You will put yourself in the position of being able to explore different means of making a living, perhaps actually doing something you really enjoy, or feel called to do. Why? Because your basic living needs will be greatly reduced. Do a little exercise and write down for yourself, how much money exactly you spend on debt payments. That includes your mortgage payments. It always amazes me when counseling poeple in debt, that they have no idea how much they are spending in total on their debt each month. They know they write a check here and there, but the real number is a mystery to them. Even worse, they have no idea how much a debt amount, for example, ten thousand dollars of credit card debt will actually cost them over the years. Just so you know, 10,000 dollars at 18% interest will take about 10 years to pay off and cost about 24,000 dollars if you make only a minimum payment of 250.00 dollars per month.

So, this newsletter article is not about the usual be careful what you spend for Christmas gifts. No, it is about something much bigger. Christmas is about celebrating the birth of Jesus, whose mission was to free mankind from the slavery of sin. You need to celebrate the gift given to us freely, by breaking free of your own debt slavery. If you have already learned this great lesson, then why not pass it on, by sending this article to someone you know who is not as fortunate yet.

If you are not currently a subscriberto this FREE CREDIT COUNSELING NEWSLETTER simply click the link and leave your email address. We do not ever share your information with anyone.

If you would like a FREE, no obligation counseling session on ways to get out of debt that absolutely work, please visit: American Debt Enders.

Finally, a Merry Christmas to you. Written By:
Steven Ciantro
Member National Association Of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

Millions Of New Foreclosures, But Why Are You Not Hearing About Them?

It is a fact that there are more new foreclosures today than there were a year ago. So, how is it that a year ago that's all you heard, and today you barely hear a peep about it. Well. other than the fact that then was pre Obama and now is post Obama, you know, we cannot have the masses believe that this presidents policies are not working. There is also another reason.

As you know, my intention is always to impart knowledge that is self empowering to you the reader. After all, this newsletter is about you, not me. So I would like to share with you a video I very recently came across on youtube. The two guys look like unkempt used car salesman, which may be intentional on their part, but when they speak, it's wisdom and knowledge.

Before I give you the link, a few words are in order, generally, about where this economy is headed. Please do not be fooled by the smoke and mirror game of Wall street. The people making the big money have absolutely nothing to do with you. The banking game has nothing and everything to do with you. The fact is, it is the banks still in control as they have been, and the Federal Reserve calling the shots. Just to give you another tidbit, here is how banks make money. Say you get a credit card with a 10,000 dollar credit line. Where do you think that money comes from? Well, if we are talking about a bank and not a credit union which operates differently, the bank puts up 2,000 dollars of its money and the remaining 8,000 dollars comes from the Federal Reserve at an almost 0 rate of interest. The bank then charges you, up to 30% interest on the money it just borrowed at almost no interest.

This is part of the game of how banks keep you in perpetual debt slavery, setting you the debtor up as there lifetime annuity. And, wow!, what a payoff it is. I am not advocating defaulting, but think about this the next time you are hit with a late payment for one day.

Unemployment will remain high for years to come. As a matter of fact, just wait until next year, when all the new taxes start. These new taxes, Cap and Trade, new taxes on health plan providers, new taxes from states, especially, those looking at bankruptcy next year, and their are about thirteen of those. This is not an environment for job creation.

OK, here is the video link: MARK TO MARKET CHANGES. As you watch the video, thing clearly about your own debt situation, if you have one. If you are finally ready to break the stranglehold you are in, please feel free to contact American Debt Enders or call us at: 877-766-2465 for a free no pressure credit counseling consultation, on ways we can help you.

If you enjoyed reading this newsletter, then by all means feel free to subscribe to the: FREE CREDIT COUNSELING NEWSLETTER. If you are already a subscriber, then how about planting some good seeds by passing it on to a friend who you think might benefit.

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

The Power Of Debt Validation

Recently I had occasion to see with my own eyes the power of knowing how to enforce your legal rights when it comes to debt. Debt Validation being one of your rights.

I am often asked, exactly what do you mean by Debt Validation? Well, debt validation is a legal term. In simple terms, it requires that a creditor produce original documentation to support his demand for payment of the debt.

Really, it goes something like this: You borrow 1000.00 dollars from Uncle Vito, the neighborhood loan shark, at lets say 25% interest. Next thing you know, somebody with the nickname "Fats" shows up at your door looking to get paid on the loan you made with Vito. You tell Fats that you made a deal with Vito, and he never told you to pay Fats. So, unless Fats produces some proof that Vito told him to pick up the money for him, you will not pay. You need Fats to produce some original documentation, not some made up copy. This would be a simple form of requiring "Debt Validation".

That's why when a debt collector sends you a notice of demand for a payment, for the first time, they are required to tell you that you have the right to "Have the debt validated”, and if you enforce your right by requesting it, they will send it to you in 30 days. Now usually, what they send you does not constitute a "legally validated debt". If you truly understood the scope of what is required for them to provide to you, you might even be able to eliminate the debt.

Going back to the first paragraph, in which I said I have recently seen a letter from a major creditor, a credit card bank, in which they were unable to validate the debt on a 17 year old credit card. The most important part of the letter is the following” Please be advised we are not able to forward a copy of the original credit card application as the card was opened 17 years ago. Accordingly, we will cease collection efforts immediately". The debt effected was over 15,000.00 dollars. Gone, because someone knew enough to request the right thing.

The validation idea holds true basically, for any type of debt, including Mortgage notes! Yes, that’s right, chances are your mortgage has changed hands many times and many times the original Mortgage note cannot be produced by the bank. They cannot foreclose on your home, unless they can produce the original "Mortgage Note" signed at the closing, a copy will not suffice. The courts are starting to hear more and more cases on these foreclosure actions, and upholding this principal.

So, once again, knowledge is power, and self empowerment will keep you from debt slavery, which is the mission of American Debt Enders. If you are interested in information about a very powerful Debt Settlement/Debt Validation Program, call us at 877-766-2465 for a free consultation.

If you enjoyed this newsletter article, please feel free to subscribe to our FREE Newsletter, by visiting: FREE CREDIT COUNSELING NEWSLETTER

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

Banks Offering Hardship Debt Management Plans.

An interesting development in the world of consumer credit counseling programs has developed. Banks are now offering a new "Hardship Program", with lower minimum payments to anyone who can qualify as a legitimate hardship.

In other words,banks have come to realize that they have been driving away sincere individuals who had a desire to pay their debt but were unable to because when they went to a non-profit credit counseling company, their monthly payments went up, when they tried to enroll into a debt management program, and were turned away due to lack of affordability. Remember, the banks control the non profits.

So, is it that the banks are having a heart? Please, do not be naive. First of all, you really have to qualify for the program. Your hardship must be a hardship in the eyes of the bank, not your credit counselor. The hardship is determined by computer software, not a sob story.

Next, At the same time the banks are imposing stiff annual fees on all card holders. Fees are raging from 29.00 per year to 99.00 dollars per year, and oh yes, lets not forget what they did to your credit score recently, when they lowered the credit limits of their best cardholders to whatever the balance was at the time, thereby severely impacting their credit score, and causing them to borrow money at a much higher interest rate then they otherwise would have had to. I have verified this with a number of finance managers, at lending institutions.

So, if you are still employed and are interested in a Debt Management Program now may be a good time to explore one bu calling us at 877-766-2465.

If a debt management program is not viable for you, even wit a hardship, we have two other debt relief programs available, which can definitely be of help, and none of them includes bankruptcy, which you need to avoid if possible.

If you enjoyed this article, and would like to subscribe to this FREE CREDIT COUNSELING NEWSLETTER, and simply leave your email address.

We never ever share your information! Also-please feel free to pass this newsletter on to anyone who you may know that this could help. You will be creating good Karma--"You will reap what you so".

Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465