DebtEliminationTips

There are a lot of services out there today claiming to have the ability to assist companies and individuals with Debt Elimination Services. The term debt elimination services seems to hold many meanings in the industry , but as far as my company is concerned should only perform one function. Debt Elimination is simply a systematic process designed to eliminate all your debt once and for all and is focused 100% on the customers needs. The majority of products out there I have seen are either too expensive and really don’t fix your issue or are free and leave out all of the necessary steps it will take to get you the desired results.

My service costs less then you are LOOSING in every Mortgage payment EVERY Month (One-time fee). The amount of money I will show how to save yourself will wipe my fee clean off the map. You cannot loose using my service…..

The first task that needs to be completed (by you) is to complete a household budget. This step is super important, if you are spending more than you are making you will see that pretty quickly , or you may discover you have possible ways of reducing your budget to make valuable money available where it will be better served.

The second task that will be completed (by you) is to fill out our debt analysis form. It is a simple excel form that allows us to get a snapshot of what debt is in front of you and the ability to formulate a plan of attack. The sooner this data can be provided to us the sooner we can get you started on the process an eliminating it.

The third step (performed by us) is to provide a detailed analysis of the data ( we provide a free analysis). We will be able to determine the areas that you are not performing in efficiently and will write you a customized plan on how to FIX this issue. As soon as you change the efficiency of your payments you will start seeing some amazing results. Your balances will start reducing faster than ever before and before you know you will actually pay off something that you have been chasing for years.

NOTE: As an example in most of the cases with my current customers I was able to show them very QUICK results. Just one debt that the way they were currently paying it off was currently going to take about 4.5 years, however with the changes that I was able to show them it was reduced to 4 months. This change was a simple change that I just needed to show them the proper way to do this with Dbet Elimination as your goal.

Once we start you in the program we will make minor adjustments as time goes on to increase the performance that you will receive. The program is very strong and will do 2 things for you immediately .

1. Reduce your debt to income faster than ever before
2. Increase your credit naturally ( Mine is 825 using my program)

Preserving your credit should be important to you , even if you are debt you may decide to buy another big ticket item another day. Then you can use the steps I have taught you to blow that debt away with amazing proficiency. So stop wasting your hard earned money and lets gets you started on reclaiming your money so you can use it where it will be needed. YOUR RETIREMENT…….

This post was provided by http://www.debt-elimination-services.net

THe aged old question .. Why cant I get a loan and why is my credit score so low! .

In today’s economy it will be very important for you to maintain a good credit score. Even if you do not plan on using it any time soon you will need it eventually. The cleaner you keep your credit the easier it will be to get financing when needed. Trying to correct an issue with your credit at the last minute will not benefit you as much as keeping your credit strong. Lets discuss how it we can go about getting this done and hopefully you can apply this to your situation.

We are going to use the example of someone that has a credit score of lets say 650, this is not terrible but it does need work to be able to obtain decent rates. Increasing this rate may even be able to help him with his current debts like credit cards , with better rates they can attempt to obtain lower rates.  There are a number of factors that go into your credit score and to raise it you will need to abide by these rules to correct your credit score.

So lets say for instance you have 4 credit accounts, a car payment, a first and second mortgage .

First Card is a Limit of 6000.00 and a balance of 5000.00 with a minimum payment 170.00 a month. Your second card is a limit of 4000.00 and a balance of 2300.00 with a minimum payment of 65.00 a month. The third card that you have is one with a limit of 4000.00 and a balance of 3000.00 with a minimum payment of 122.00 a month . Finally the last card has a limit of  3000.00 and a balance of 1500.00 with a minimum payment of 35.00 a month. Now considering thes amounts there are some very pertinent issues that we should be addressing but which order would we do them in and how and why.

Here is the first rule of thumb that you should be aware of and start focusing on currently , no balance on any credit account  should be more than 40% of your credit limit. So for 6000.00 your maximum balance should be 2400, 4000.00 should be 1600.00 and 3000.00 should be 1200.00. this will directly impact your credit scores both positive and negative so the question is how will address this and which order will you take to fix it.

Glad you had asked and I will gladly supply you my input to making your credit score improve. I always start at the lowest balance and I do this for reasons which I will explain . How you handle your debt will be directly reflected in your credit scores(Remember this statement always). I start with the lowest balance because we will be attempting to accelerate the payoff of this account , the more extra principal we will be applying will take a bigger bite out of a smaller balance and obtain our goals faster.  So as in our example our lowest balance we need to eliminate 300.00 dollars to get it to the 40% ratio on that account . ow even once we get there we are going to want to continue forward momentum on that and all accounts, but only pay minimum amounts on all accounts ut the one we are concentrating on reducing. Once we repeat this process on each credit account and get them at 40% we will shift gears and blow all the rest of the debt out in order. So your first goal that you need to work on is reducing your balances below 40% and then continue on with these additional steps.

Now even though 40% is your primary goal , it is sooooooooooooooooo important for you to pay your bills on time . Make sure you pay your bills so they will post at least a week early , and if you are going to be making extra payments on the account you are focusing on above the minimum make them when you have them. What I mean is do not wait until your regular scheduled payment , this is very important because every time you reduce your balance you are also reducing the amount you pay interest on for that month. So if you reduce it by 10.00 in the first week then you pay 3 weeks of less interest that the ten dollars makes up in dollars.  ow this techniques will give you an extra principal boost at the end of the month over paying it with your regular payment.

Following these steps will help you raise your credit scores and best off all help you get out of debt. Be persistent and consistent with your payments and will have remarkeable results.

This post was brought to you by: http://www.debt-elimination-services.net

What is it that stops most people from successfully executing a debt elimination plan. There are two big reasons that stop this process , one being lack of planning and lack of money. This post is going to discuss how it is that you probably already have the money you need to fix this issue but are probably using inefficiently and with a little help can be put right back on track.

The first item on our topic of this discussion and any and all discussions about this topic is a household bugget. Do you have a budget, meaning do you know where every dime you spend goes.? If you do not have a budget get cracking on this immediately as it will help you solve all your money issues quickly. If your budget shows you have an extra 50- 100 dollars available then you have your starting point , on the other hand you may determine that you run negative every month and should be considering some cut backs. We will discuss what to do with the surplus or negativity issues later in this post, but for now here are some other suggestions.

The first thing and probably the easiest thing you can do is look at reducing your expenses at the grocery store, sounds easy right. Handle you grocery shopping a lot you did with your budget, break down what you are spending monthly or weekly if you wish to do so. Make sure not to exclude all the extras like purchasing sodas, lunches, dinners out, once you have this information you take a good hard look to see if there is any fat to be trimmed immediately. Lets say you can trim 25 - 50 dollars right off the bat , this will again boost your efforts for eliminating and later in the post we will discuss how toy apply the money in an efficient manner. You should also start looking for deals with coupons, you have the local paper and some online resources like http://www.coupon.comto work with every time you go shopping. Now having said this it is very important that you change you mind set from using coupons to buy more to using the coupons to buy the same amount for less. Don’t get caught in this trap as it will take your advantage right out from under you.

The next item which is over looked quite often is the services you use on a daily basis , like insurance, cable, phone , utilities, etc.. Check with your car insurance company and go over your policy and see if there any trimming room without putting you at risk, again our goal here is to reduce tiny amounts across all your accounts and in the end we will build up an immediate increase in your debt elimination planning. Also look at the payment options they have , mine for instance has a 10% savings if I pay a certain way. While this isn’t going to make or break the bank it is going to play into your debt elimination goals.

How about your cable bill… Do you really need three HBO, Cinemax, Showtime for the tune of an extra 25- 50 dollars and we wont even go into the cost of HD. Lets get back to reality here as most of the movies played on the channels are also available for 8 dollars a month using netflix. Do you rally need 10 megs of download on high speed, almost 90% of the population will never even notice the difference and you are probably going to save around 20 dollars right off the bat with this options reduce. Enough said on that as most people are either stuck on the extras services or are willing to reduce where needed , I will leave that determination on your shoulders.

Lets discuss your utility bills, most cable company’s have a service where they install a device at your house that monitors and shuts down your services for brief moments during the day. I have this service and it saves me about 11 dollars a month and again a little per account will go along way in obtaining your goals.As far as your utilities are concerned you should also consider some other options, like making sure your hot water heater isn’t set to high. Setting he temperature properly can save you money, I for instance turn the hot water heater off when it is not in use and this make a dent in my utility bill. How about buy a round of the efficient light bulbs and as your bulbs die, replace them with more efficient ones. When you leave the house make sure to set you thermostat on the air conditioner to at least 80 , you are not home so why waste the money. Have all your equipment on surge protectors so that you can turn devices off when they are not in use, like over night.

Now that I believe I have gotten you on the path to increase the money you have available to tackle your debt, let discuss how we are going to use it for maximum benefit. If you are paying bills like most people then you are DOING IT WRONG, sorry for the bluntness, but I am convinced I can show you a better more efficient method that will change your financial future. This is actually simple and will only need one line to explain. Take any of the additional money that you have freed up and apply it to the bill with the lowest balance, make sure and apply it after your statement has posted for that month. Why you ask quite simple , applying in this way allows to reduce your principle balance by that amount for approx 24-28 days , this will result in a lower interest charge for the month and more of a principal payment. Doing this consistently will bring your interest and minimum payments down quicker then ever before. Even when this happens NEVER reduce yuor payment on this account only increase as available, once that card is gone you will now have an automatic reduction to the next card and so on and so on.

This post was brought to you by: http://www.debt-elimination-services.net