Free Credit Counseling

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

Help With Bad Credit Auto Loans

Since banks and credit card companies continue to put the screws to consumers in terms of lowering credit limits and raising interest rates, it has lowered the credit scores of the masses.

While six months ago your credit score may not have been an issue in terms of seeking auto financing, today may be a whole new ballgame, and worse, you did nothing to make the negative change happen. No, all you did was to continue to pay your bills on time, the banks took care of the rest while you were sleeping. And, oh yeah, I almost forgot, the politicians, also played a significant role.

The politicians, because the passage of the Credit Card Bill of Rights Act, is not slated to take effect until 2010. This gave the banks plenty of time to do their adjusting, so their profits would not be hurt, and your interest rates could go to outlandishly usurious levels, totally collapsing your credit score and costing you a fortune in additional interest.

So while the banks raked in your tax bail out dollars, the reality is, that the politicians did nothing to really protect you.

Sorry for the steam blow off, but it just is almost to much to take. Back to the main topic. If you find yourself in a position of having to buy a car and have had your credit score drop due to the aforementioned scenario, may I suggest the following website: BAD CREDIT AUTO LOAN.

please feel free to pass this article on to anyone you know who may be facing this problem, it just may be a lifesaver to them.

If you are reading this article and would like to subscribe to our FREE CREDIT COUNSELING NEWSLETTER. simply leave us your email address. We never share your information.

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

Are You Addicted To Debt?

The more counseling I do for people who are debt laden and at least claim to be seeking a solution to their debt problems, the more convinced I become that the words "Debt" and " Addiction" go together. Consider my reasoning. Once a person becomes addicted to anything, whether it be drugs, alcohol, sex, money, yes, a we can become addicted to almost anything, no action to alleviate the pain of the addiction will truly occur, until the pain of the addiction becomes overwhelming, and the individual hits bottom.

Like all addictions, the debt addiction starts innocently enough. Perhaps to simply cover a monthly shortfall in revenue. Not unlike the taking of pain medication until the body heals, or, we can get to see the doctor. The short term fix does its job, but without an awareness of the potential negative effects on how easily it can turn into an addiction, we use it over and over, so easy to take out a credit card and sign ones name. Couple this with the fact that the banks and credit card companies unlike the helpful physician, who monitors our pain relief use, these overseers are their encouraging our continued use. Give us a ready supply and even providing gifts in the form of flight rewards and points for using more.

Without an essential grounding,or financial education we fall into the trap and find ourselves paying more and more for the desired drug, until we are almost in ruins. Once we are hooked the banks just increase the cost of the drug with higher and higher interest rates.

Once our credit and good name are damaged we start feeling the pain and start the process of exploring ways of getting relief. The commercials tell us, we should go to the dealers for help. The dealers being the card companies that put us in this situation. Lets see, someone wants you to believe that your drug dealer is ready and able to help you, break your addiction. The worse thing is, people have allowed themselves to become totally brainwashed by the marketing genius of the pushers, into believing they want to let you out of debt slavery.

The pushers tell you to stay away from anyone who really understands how all this works because they really want to hurt you. Only the non-profit credit counselors can really help. The tell you this because they, the pushers, have created the non profit industry and in fact control it! Granted there are bad players in every area of life, debt settlement companies being among them, but there are also awesome debt settlement companies and debt relief programs available that the banks do not want you to be aware of, so, they go to great lengths to try to discredit them.

If you are debt addicted and ready to stop the pain, do not let the pushers stop you. Take control of your own life. If you want free credit counseling advice in an unpressured honest manner where you can explore all your options, including, Debt Management, Debt Settlement, or even alternative debt relief information, then by all means contact us or call us at: 877-766-2465.

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

Debt Settlement vs. Credit Counseling, The Facts.

The following, regarding the differences between Credit Counseling and Debt Settlement as debt solutions, is taken from an article appearing on the TASC website. The full article can be read by visiting: Tasc Article. For those of you who are not aware, TASC, The Association of Settlement Companies,is a non-profit organization devoted to maintaining high standards in the settlement industry, and highly thought of.

So, lets get beyond all the hype and really take a look at which program has better outcomes. From the article: TASC, the non-profit watchdog organization for self-regulating the debt-settlement industry, gathered the information from various sources, including the Consumer Federation of America and National Consumer Law Center, the Executive Office for the U.S. Trustees and testimony by credit counseling companies. Indeed, all credible sources.

As I have often pointed out, the main difference in the two approaches is that debt settlement companies work only for the consumer, while non-profit credit counseling works in the interest of the banks and credit card companies. As such they are usually only able to obtain lower interest rates, as pre-established by the banks.

Additionally, settlement companies do not receive any fees from the credit card companies or banks, they are solely paid by the consumer. Where as non-profits are supported almost totally by the banks they serve, by being paid what is called "fair share" or a percentage of all the money that flows through them.

Debt settlement programs are typically 36 months or less, while credit counseling programs are 60 months or more.

One of the big drawbacks of credit counseling programs is that the monthly payments are fixed and many times, even a bit higher than what the consumer was paying on their own. Debt Settlement, however, affords the ability of a customized repayment plan, to fit the consumers budget.

Because of the lower payment option, and shorter duration, settlement often has a higher probability of program completion than credit counseling.

So, which program is a utopia? Neither. Getting out of debt is never easy. However, the key is if you are going to do a structured program at least understand the real ins and outs of each, so your decision is not based on what the propagandists are saying.

If you would like to speak with someone who is knowledgeable and can present both options to you, and make full disclosure about each, then please visit: American Debt Enders. and while you are at the site feel free 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

Banks In League With Credit Counseling Companies

Hello Again to all my faithful readers who understand the merits of living a debt free life.

I came upon an extremely interesting article on Examiner.com. It is rare for a financial writer to really understand the ins and outs of how the banks really operate to keep you enslaved. But, the article I found by Jerry Troyer, gets it. After doing his homework, he discovered first hand that the relief offered by the banks when a consumer calls directly with a hardship, are woefully inadequate to allow the consumer to meet their payment obligations.

Additionally, he discovered that many banks, when contacted by distressed consumers who cannot afford anything the banks offer them, in terms of relief, transfer the call directly to a CCCS! That's "Consumer Credit Counseling Service".

Mr. Troyer says he has finally come to realize that the non- profit agencies are agents of the banks. Hallelujah!! How totally refreshing to see a financial writer get it.

The article goes on to say that that he has come to learn that the banks pay the non profits for every dime they collect. This is absolutely true and has always been true.

Here is the full article: Examiner Article. It is well worth reading.

If you need debt relief, and want to know all your options, by counseling with people who really get it,whether debt management, debt settlement or an alternative debt relief program that really works then visit: American Debt Enders.

While visiting our website please feel free to subscribe to this newsletter by simply leaving your email address. Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465

Debt Management Program Terms Getting Better

It is no secret that a structured debt management program, also known as a consumer credit counseling program, can have significant benefits to consumers trapped in "pay for life" credit card debt. Pay for life meaning locked into extremely high interest rates and high minimum payments and nuisance fees, making it virtually impossible to pay down the debt.

Unfortunately, many consumers have faied to qualify for such programs because their income was simply not high enough to meet the new minimum payment requirements.The good news is recently the National Institute for Credit Counseling has approached the major banks, including, Bank of America, Chase, Discover and Amex, to lower their minimum payment requirements in order to qualify more consumers.

The banks are agreeing to do so. Minimums in such programs are based on a percentage of the balance at the time of enrollment, For example, a credit card bank might charge 2.5% of the balance. Which would mean that a consumer would enter the debt management program with a payment of $250.0 for this card. New terms may go as low as 1.75% or 2%, which would provide a significant savings to those cash strapped consumers really needing help.

If you are in such a positionnow would be an excellent time to explore what a debt management program can do to help you escape the oppression of debt. If you are in a debt crises and cannot afford even a debt management program, you might want to consider a formal debt settlement program.

If you would like to so subscribe to this newsletter click the following: FREE Credit Counseling Newsletter. Also please feel free to call us at: 1-877-766-2465--the talking is always free. Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com
877-766-2465

Dump Your Debt, And Stop Worshipping At The Alter Of The Credit Score

Did you know that paying your balances in full every month,
will give you a lower credit score than maintaining a 25% debt balance of your total
available credit? In other words, if you have total available credit of 10,000 dollars,
and you maintain a debt balance of 2,500 dollars by just making minimum payments,
your credit score will be higher in the later case.

As I have written about so often, the whole system is designed to keep you thinking
as a debt slave. It makes your thinking go like this: High credit score equals more things
I can purchase on credit, using the banks money and just make nice low monthly payments.
Of course, most people have been brainwashed into just ignoring the fact that
"the borrower becomes a slave to the lender"and "the rich rule over the poor" proverbs 22:7.

The single most important thing you can do for yourself is to get these facts clearly
implanted into your mind so you are thinking with clarity and can actually stop being
poor and be empowered to live a life free from want, because you will be no ones slave.

Quite often credit counselors are asked by consumers considering some type of
debt management or debt settlement program, "How will this program effect my
credit". Amazingly, most consumers in a debt crises have already had their
credit score negatively effected. Please do not misunderstand, it is a fair question,
but the real truth is, that the first thing to be addressed needs to be the debt, since
this is in reality what caused the problem, and ironically, it was their good credit that
pushed the problem along!

Here is something I'll bet you never thought of beforeWhether or not you
are enrolled in a Debt Management Program is not counted one way or the other
by the FICO scoring model, however, that's only half the story, the other half is
that when you enroll you have to close your credit cards, thereby, closing off your
credit card lines and that does cause your credit score to drop. Now, just think about
it, you are getting out of debt, and yet your credit score drops! Why?, Because you are
no longer a candidate for debt slavery. Since you now have chosen to break the chains
that bound you, the banks view you as less worthy. You have to admit this is pretty
fascinating stuff.

Today, their seems to be an awakening happening. More and more consumers
are waking up and realizing these truths, and have decided to do what ever it takes
to become truly self empowered again. Will you be one of them? If you would like to
speak with a counselor about what you can do to get out of debt, without any hard sell
approach, or, if you are in the midst of a creditor lawsuit, then please visit:
American Debt Enders. There, you will find Live Chat help, budgeting help,
and if you need a debt management program or a debt settlement program we
can put you into one.

If you enjoyed this article, we would love to have you subscribe to
our absolutely Free, Free Credit Counseling Newsletter We do not ever
share your information or spam you.

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

Why You Need To Get Out Of Debt

The following 3 quotes were found on an article written by
Corrie |Wallace, who is a certified Veretrainer for Veretekk.
If you want to understand todays debt crises and its relationship
to you, you need to read this. I think you will recognize the speakers.

         The Government Should create, issue, and circulate all
the currency and credits needed to satisfy the spending power of
the Government and the buying power of consumers. By the adoption
of these principles, the taxpayers will be saved immense sums of interest.” President, Abraham Lincoln

He was assassinated.

"You are a den of vipers and thieves. I intend to rout you out, and
by the Eternal God, I will rout you out... If people only understood
the rank injustice of the money and banking system, there would
be a revolution by morning." President, Andrew Jackson

They attempted to assassinate him.

"We are opposed around the world by a monolithic and ruthless
conspiracy that relies primarily on covet means for expanding its
sphere of influence; on infiltration instead of invasion, on subversion
instead of elections, on intimidation instead of free choice, on guerrillas
by night instead of armies by day. It is a system which as conscripted
vast human and material resources into the building of a tightly-knit
highly efficient machine that combines military, diplomatic, intelligence,
economic, scientific, and political operations. Its preparations are concealed,
not published. Its mistakes are buried, not headlined. Its dissenters are
silenced, not praised. No expenditure is questioned, no rumor is printed,
no secret is revealed." "The high office of the President has been used to
foment a plot to destroy the American's freedom and before I leave office,
I must inform the citizen of this plight." President, John F Kennedy

      You know what happened to him.

 

       If you still do not understand why you are in debt slavery, and need help
to get out, then I do not know what to say to you. Hopefully, your eyes have been
opened or at least are opening as to why you are having so much trouble getting out of
debt. Why you are paying 30% interest rates. Why our current government leaders are
robbing  from you the poor to give to the rich, ( The banks). Your only real hope is to
become debt free.

 

    If you need credit counseling, to learn more about your debt relief options,
including, debt settlement, debt management, or even alternative solutions. Please do
not hesitate to contact us at: American  Debt Enders. You can feel free to use the live
chat feature on every page to as a question, we will be happy to help you, and the talking
and advice is always free.

 

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

 

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and this permission line are included.

Beware Of Phishing Scams!

Tim Thrift an American Debt Enders affiliate, website: http://www.tjtfinancialservices.com/ 
wrote the following article about Phishing scams. You owe it to yourself to read it,
so you do not fall victim.

        I almost fell for this one because it looks so legit. But it is a phishing scam
at best. Being a Capital One card holder I was very concerned somehow somebody got
my credit card information. I called Cap One immediately and they confirmed that it
was a phishing scam. If you receive an e-mail such as this be very cautious. In this
case the scammers are hoping that you will click on the cancel transaction icon and
input all your account information in which the scammer will then use to access your
account and commit fraud. If it looks suspicious it probably is. Protect yourself and
your good credit. Always confirm with the customer service before giving any
personal information. Hopefully this will help you understand a phishing scam.

American Debt Enders is a for-profit referral company offering debt settlement,
debt management and free counseling to anyone oppressed by debt.

How To Opt-Out Of Pre Approved Credit Card Offers

        Tim Thrift, an affiliate of American Debt Enders wrote:Trans Union, the Chicago-based credit bureau, has agreed in perhaps the largest legal settlement ever.

        This is incredible information and speaks volumes about the integrity of the credit reporting agencies. Notice in the article it talks about that Trans Union violated the Fair Credit Reporting Act when it sold consumer information to businesses for their targeted marketing efforts and it discontinued the practice in question in 2001. Balony! The credit reporting agencies engage in this practice still today! How do you think your mail box fills up with pre approved credit card offers etc. Because they sell this information otherwise known as "targeted marketing" to for example credit card companies. You can opt-out of this process by visiting: OPT-OUT, or calling: 1-888-567-8688.

       To read the full article on the settlement: Consumer Watch: Big settlement will give consumers limited free credit services. If you have allowed yourself to become trapped in debt slavery and would like more information on how to get out, visit: American Debt Enders, which offers debt management, debt settlement solutions, as well as other helpful information on "How to make a budget", How to get a free credit report and creditor lawsuit resources.

Written By:
Steven Ciantro
Member National Asociation of Certified Credit Counselors
American Debt Enders
Help@americandebtenders.com

This article may be reproduced in its entirety provided the signature line and this permission line are included.