Navigation Links
Accelerated Debt Consolidation, Inc. Offers Tips to Help Determine if Consumers are Heading Toward Financial Problems; New Statistical Data Shows Increased Delinquencies
Date:3/18/2013

Boca Raton, FL (PRWEB) March 18, 2013

Many consumers do not pay attention to where they are headed when it comes to credit card debt. Balances just keep climbing, sometimes interest rates are raised and consumers just keep struggling each month to meet the minimum payments but often make little progress towards paying down the balances in a reasonable period of time. Consumers that are paying minimum payments each month, still using the credit cards and piling up more debt are headed for trouble. A debt management program can put a stop to this and get the accounts under control. By reducing the interest rates and getting the accounts closed continuing debt accumulation stops and debt reduction begins. Statistical data shows that delinquencies nationally on credit cards are up for the first quarter of 2013 (Source Bankrate.com).

Many consumers get caught up in the convenience of using credit cards without regard to interest charges and how long it will take them to pay the accounts off with the all too often “buy now and pay later” mentality. Credit consumers need to take a look at a few signs that they are headed for trouble and take action before the situation spins out of control. The following are signs of potential debt problems.

1.    Is the consumer paying just minimum payments each month on the accounts?
2.    Is the consumer you continuing to use the account even though the accounts are only receiving minimum payments?
3.    Is the consumer transferring balances to pay one credit card with available credit from another credit card, (robbing Peter to pay Paul)
4.    Have interest rates been raised due to carrying high balances?
5.    Have payments been late resulting in late charges?

These are a few signs that a consumer could be headed for more serious debt problems. It is the best policy to only spend what can be paid in full ideally when the first bill arrives from the purchases made or at least within a few months of the purchase or purchases. If the amount of debt just keeps growing or if just minimum payments are being made at high interest rates debt management should be explored. Through a debt management program the rates can be dropped so that minimum payments will decrease the balances faster, late fee will be stopped if accounts are delinquent and progress towards paying off the debts begins. Here are some tips on deciding what type of program a consumer may benefit from.

1.    Choose a firm with an excellent BBB Rating there are many very bad debt service companies operating so checking their record is very important.
2.    The right debt management service should explore possible balance transfer opportunities along with the debt management program to ensure the consumer is getting the best rates possible.
3.    The debt management firm should be able to quote payoff times and savings on individual accounts and provide the consumer with these figures.
4.    Be careful not to confuse “Debt Settlement” with Debt Management, these are two totally different services. For consumers that need and want to maintain and improve their credit ratings accounts must be paid in full. In a “Debt Settlement” program accounts are not paid in full. In a Debt Management program accounts are paid in full.
5.    The debt management service should not require any up front fees before beginning the proposal process and getting accounts set up on the debt management program.
6. The debt management firm should offer a written guarantee.

For more information on Specialized Debt Management, visit http://www.debtsynergy.com.

Read the full story at http://www.prweb.com/releases/2013/3/prweb10532209.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Accelerated chemotherapy given before surgery benefits patients with muscle-invasive bladder cancer
2. Accelerated radiation treatment effective for noninvasive breast cancer
3. Higher energies for laser-accelerated particles possible
4. Accelerated resolution therapy significantly reduces PTSD symptoms, researchers report
5. Fat Loss 4 Idiots: Review Examining New "Accelerated Fat Loss Diet" Released By DietsAndFitnessGuides.com
6. bodHOST Achieves Accelerated Momentum in $148 Billion Market with CEO Appointment
7. Schizophrenia: A disorder of neurodevelopment and accelerated aging?
8. Mayo Clinic offers newly approved treatment for acid reflux disease
9. Wilderness Medicine founder offers health tips for summer season
10. Botox Offers Little Relief for Migraine, Study Finds
11. Prosthetic retina offers simple solution to restoring sight
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2017)... ... 24, 2017 , ... Patients who want to receive cosmetic dentistry procedures such ... Joseph Bedich for a consultation, with or without a referral. Dr. Bedich enjoys improving ... , Dr. Bedich offers a variety of cosmetic dentistry services at his ...
(Date:5/24/2017)... ... May 24, 2017 , ... Medic CE , a ... Truth about Pediatric Septic Shock” hosted by the Journal of Emergency Medical Services (JEMS). ... Eastern time, will be presented by Captain Rommie Duckworth, LP, a career fire captain ...
(Date:5/24/2017)... ... May 24, 2017 , ... ... and nonprofit hospitals and health systems in the nation and help their organizations ... led professional organizations and been instrumental in developing successful hospital and health system ...
(Date:5/23/2017)... SANTA CLARA, CA (PRWEB) , ... May 23, 2017 , ... ... government and financial organizations, today announced CIO Applications magazine has named the company a ... of its innovative use of the Cloud to help organizations simply and proactively address ...
(Date:5/23/2017)... ... May 23, 2017 , ... ... a 2017 Best in KLAS category winner, has named Daniel P. Bullington as ... and enhance its technology platform and product offerings,” says Justin Neece, president. “Daniel ...
Breaking Medicine News(10 mins):
(Date:5/6/2017)... is Stroke Awareness Month and Omron Healthcare is reminding ... prevent a stroke: monitor and manage your blood pressure. ... undetected and uncontrolled hypertension is a leading risk factor ... personal heart health technology, recently evolved its mission to ... and is advancing a national public education effort to ...
(Date:5/4/2017)... May 4, 2017 Clarius Mobile Health, ... handheld ultrasound scanners this week at the American ... (ACOG) in San Diego, CA ... "Clarius is the perfect tool for clinicians to ... rate, and evaluate pregnancy-related complications like ectopic pregnancy ...
(Date:5/4/2017)... 2017   BioLife Solutions , Inc. (NASDAQ: ... of proprietary clinical grade hypothermic storage and ... today announced that the Company,s first quarter 2017 financial ... May 11, 2017, and that the Company will host ... PT that afternoon. Management will provide an overview of ...
Breaking Medicine Technology: