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:1/18/2017)... ... January 18, 2017 , ... Rollerblade®, the worldwide ... (ABT), an innovative braking system that allows skaters of all levels to stop ... the biggest concerns of beginner and intermediate skaters – learning how to brake ...
(Date:1/18/2017)... ... 18, 2017 , ... Floundering on New Year’s resolutions? Need an excuse to ... a reset. The U.S. Apple Association agrees and recommends starting each day with ... contribute to heart disease. , The U.S. Apple Association – which represents apple growers ...
(Date:1/17/2017)... ... ... Anesthesia Progress – Everyone wants less pain during dental surgery, but ... patient. Dentists have several general anesthesia alternatives and finding the right option can result ... College in Tokyo, Japan wanted to find out which anesthetic was the better choice ...
(Date:1/17/2017)... ... January 17, 2017 , ... ... of difference. Eden Activewear is a stand-out company for several differences from other ... and only manufacture on demand, this is called 'Agile' manufacturing - http://www.leanproduction.com/agile-manufacturing.html ...
(Date:1/17/2017)... ... January 17, 2017 , ... Today, to help those who ... powerfully uplifting interview with medical expert and prolific author, Dr. Bernie Siegel. ... tough times, Dr. Bernie Siegel energizes listeners to live life with intrigue, magic ...
Breaking Medicine News(10 mins):
(Date:1/17/2017)... Israel , January 17, 2017 Management ... TyrNovo, Ltd.   KIT-302 Development On Track For ... FDA in Q1 2017   ... Kitov Pharmaceuticals Holdings Ltd. (NASDAQ: KTOV ; ... update call on Monday, January 23 rd at 8:30am Eastern Time to ...
(Date:1/17/2017)... 17, 2017  Jazz Pharmaceuticals plc (Nasdaq: JAZZ ... enrolled in a Phase 3 clinical trial comparing the ... (BSC) in the prevention of hepatic veno-occlusive disease (VOD) ... transplant (HSCT) who are at high risk or at ... trial will be conducted across approximately 100 medical centers ...
(Date:1/17/2017)... Calif. , Jan. 17, 2017  Edwards Lifesciences ... in patient-focused innovations for structural heart disease and critical ... the quarter ended December 31, 2016 after the market ... a conference call at 5:00 p.m. ET that day ... the conference call, dial (877) 407-8037 or (201) 689-8037.  ...
Breaking Medicine Technology: