Grants for Medical Debt

There are many grants available from the government to assist individuals in financial need. In most cases, these grants are designed to help those in a specific situation. Grants to pay debt itself are not common, but there are grants that will help you avoid accumulating medical debt in the first place. Disease or Illness Grants Try searching for grants that are designed to help cover treatment costs of your medical condition. For example,...

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How to Build Credit Without Social Security Numbers

The large market of illegal immigrants in the United States--which has reached 11 million people by some estimates--represents a huge untapped market to many retailers and banks. Therefore, many companies like Bank of America, Wells Fargo, and even Verizon have tried to make it easier for undocumented immigrants to gain and use credit in order to increase their purchasing power. Instructions Credit with the Bank of America 1 Open a checking...

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Colorado Statute of Limitations on Collections

Collecting a debt can involve a variety of activities, the most serious of which is using the court system to enforce payment of the debt. The first step in using the court system is filing a lawsuit. In Colorado, the viability of a debt collection lawsuit can depend on whether the creditor filed the lawsuit before the statute of limitations expired on the debt. Determining when a debt is expired is subject to several factors, including the basis for the debt and where the debt was incurred. Liquidated and Determinable Debts The general...

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What Is Included on Business Credit Reports?

A business credit report is an important tool that creditors use to decide if a company is eligible for financing. Suppliers sometimes also pull a company's credit report before extending credit on orders. If you're a newly established commercial entity, you should take the time to understand the various items that may be included in your business credit report. Concept of a Business Credit Report The concept behind business credit reports is similar to an individual's personal credit history. The agency reports information about various...

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How to Establish Credit After a Debt Settlement

Establishing good credit after completing a debt management plan takes time and patience. But your recent status under debt management doesn't have to be a strike against you. You have an advantage---after all, you could have filed for bankruptcy and endured a much longer period before having access to credit at reasonable rates. Those fresh from a debt management plan may have limited access to credit, but they still have access. With a well-established plan in place to keep you on track, you soon will be on your way to establishing excellent...

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Can You Return a Car Purchased on eBay?

Returning a vehicle which was purchased through an online auction website, such as eBay, is just as difficult as it is in the real world. Support for returns of these large ticket items is virtually non-existent because any return policy might serve to diminish seller confidence and increase the instances of returns based on buyer remorse. Seller Return Policy Every eBay seller is permitted to create a return policy as he sees fit. Before purchasing a large ticket item, including an automobile, it's a smart move to review the seller's posted...

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How to Shorten the Life of a Mortgage Loan Through Amortizing

Shortening the life of a mortgage loan through amortizing is a relatively simple process for those who have the ability and fiscal discipline to carry it out. The benefits to shortening a loan are numerous. Not only is it possible for you to save thousands of dollars in interest payments and retire that monthly mortgage obligation early, you can also choose the times you make the extra payments. If money becomes tight for a while, you are under no obligation. Benefits of a early loan payoff strategy include more freedom, less stress, better liquidity...

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What Boosts Credit?

Giving your credit score a boost can have a positive effect on whether a lender will give you a loan. Whats more, with a high credit score you can perhaps negotiate favorable rates on credit cards and loans. Knowing the elements that make up your credit score contributes to a higher rating. Timeliness and Scores You can give your personal score a boost by simply adjusting your payment habits and recognizing the importance of paying by the due date. Creditors tend to mail statements and due dates well in advance. Some debtors wait until...

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Help to Pay Off Payday Loans

Payday loans, also known as cash advance loans, post-dated check loans or deferred deposit loans, can put customers in a bind because of their high fees and short repayment period. Payday loans generally charge around $15 to borrow $100 for two weeks, although the amount varies depending on the state. These fees can get very expensive over the long term, so people having trouble paying their loans should look to other options. Understand the Cycle Although the fees when first getting a payday loan might not sound too bad, the problems come...

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Objectives of Debt Management

Some people spend blindly from month to month, never knowing where their money is going and how much they have in the bank at a given moment. This can result in a financial crisis if hard economic times catch you by surprise. Managing your money and being responsible enough to have a budget is a vital part of being an adult and being prepared for the future. You will be able to set financial goals and reach them if you practice wise debt management....

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How do I Get Good Creditors to Report to Raise Credit Score?

A bad credit score will make it hard for you to be approved for a car loan or a home mortgage. A good credit score could get you a loan to open a business, put your child through school or even buy property. To raise your credit score, you'll need credit bureaus to receive information from creditors that signals you are in good standing. Fortunately, getting creditors to communicate to the bureaus that you are a responsible credit holder isn't difficult....

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Free Help for Debt Consolidation

The easiest way to obtain free debt consolidation help is through the consumer's or business' primary financial institution. Some financial institutions offer debt consolidation loans that offer an attractive alternative to other high-interest forms of debt. The specifics of the loan itself need to be weighed against the initial debt obligations to ensure that, at the very least, short-term payments are less expensive than the individual debts they are replacing. Pros and Cons of Debt Consolidation Loans Debt consolidation loans can be...

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How to Defer a Federal Student Loan

Financial aid in the form of student loans can be expensive to repay. There are ways that can help you when you have periods when you have trouble making loan payments. One step is to consolidate your student loan. Other ways to defer repayment include requesting a forbearance or cancellation of your loan. It is generally difficult to discharge a federally-insured student loan by filing bankruptcy. If you work in certain careers or the military, you may be able to avoid repayment through cancellation of your loan(s). Finally, you can often have...

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Debt & Refinance Guides

Refinancing debt means taking on a new loan with new contract terms and conditions that effectively replaces the previously existing loan. Refinancing is common with home and auto loans, but is also used by business and consumes who want to refinance other personal loans. Refinancing is typically used to improve your financial position by making debt more manageable. Basics Loan refinancing is commonly used by business and consumers to trade...

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The Best Way to Pay Off a Debt Interest Balance

Debt can easily become overwhelming. High-interest debt, in particular, can become burdensome in a hurry. If you have a loan that is tough to repay or, even worse, is accumulating a higher balance each month, you need to take action. There are several strategies that will ultimately pay off a debt, but the best strategy is the one that repays the debt the fastest, thereby eliminating as much in interest payments as possible. Instructions 1 ...

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Fast Credit Debt Removal

Bad credit can happen to almost anyone. Unexpected job loss, emergencies and bad luck can contribute to not being able to fulfill credit obligations. There are thousands of companies out there that promise quick and easy credit debt removal. Knowing what is and is not possible with credit repair will help you when the chips are down. Scams Before looking for a credit repair solution, it is recommended that you understand what possible scams are out there. If you wish to have negative information on your credit report removed, it is important...

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The Government Rules for Consumer Debt Relief

The economic downturn has led more consumers to seek assistance from debt relief companies. These companies help consumers negotiate their debts with creditors in an effort to reduce the amount owed. They frequently charge consumers several hundreds and even thousands of dollars for their services, in addition to monies the consumer is usually required to put into a fund offered as part of a settlement with a creditor. As demand for these services...

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How to Get Debt Consolidation Loans with Bad Credit

Consolidation of debt has been a popular option for those with high amounts of debt spread out over several credit cards or other debtors. Since debt consolidation consists of a loan approval process, those with bad credit will have a much more difficult time getting the needed loan approval. Sometimes it can be helpful to be creative in finding an acceptable way to borrow money at a lower interest rate to pay off debt at a higher interest rate. Included below are some possible ways for borrowers with bad credit to secure a debt consolidation...

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Legal Consumer Credit Counseling

Millions of Americans have run into debt trouble in recent years. Many of them turn to consumer credit counseling organizations for assistance. In fact, attending a consumer credit program is a requirement for individuals filing for bankruptcy. However, not all consumer credit counseling organizations are created equal. Before you sign on with a specific outfit, take some time to understand the industry. Credit Counseling vs. Loan Consolidation Many credit counseling organizations do great service, offering unbiased, impartial and expert...

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How to Get Credit at a Department Store

Getting credit at a department store can be a lot easier than being approved for other forms of credit. The MSN Money website reports that department store cards are relatively easy to get because the risk to the department store is small. Department store cards generally offer lower credit limits than bank-issued credit cards, such as MasterCard or Visa. Department store cards are popular with people applying for credit for the first time and for people who are trying to rebuild their credit. Instructions 1 Establish some basic credit qualifications....

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How to Apply for HOPE for Homeowners Act of 2008

The HOPE for Homeowners bill of 2008 is meant to help homeowners avoid foreclosure by refinancing their loans. Homeowners who find they are not eligible for the Making Home Affordable program may be able to obtain assistance with the HOPE for Homeowners mortgage solution, which is offered by the Federal Housing Administration. Instructions 1 Prove you cannot pay your existing mortgage by putting together all sources of income in order to show...

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When to Know It's Time to File for Bankruptcy

The decision to file bankruptcy is a tough one, and a bankruptcy has long-term consequences. Creditors will report the bankruptcy to the credit bureaus and your credit score will decrease. For this reason, reserve bankruptcy as a last resort to turn to for a fresh start only after you've exhausted every other option. Overwhelming Debt When credit card debt, medical bills and loan payments are wreaking havoc on your finances and morale -- when illness or job loss have complicated things further -- it may be reasonable to look for a way out,...

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How to Keep Deferring Your Student Loan

An old joke says college is a party with a $100,000 cover charge. However, you won't be laughing when student loan repayment begins. There are ways to keep deferring your student loan payments, sometimes for several years. This can be particularly helpful for the new graduate having trouble making ends meet. Instructions 1 Contact your lender. Deferments are not typically given automatically. Your lender will be able to send you the necessary...

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Easy Ways to Get Out of Debt

Being in debt can make you worry, causing you to lose sleep, fight with your loved ones and start to feel that your life will never improve. There are easy things you can do to help you quickly lower your debt obligations. The sense of freedom may inspire you to do everything you can to live a lifestyle where you are debt-free or keep the debt manageable. Once you enjoy time without all the debt and the stress that comes with it, you will never want...

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What Happens When You Max Out a Credit Card?

Using credit cards is a convenient way of making purchases, both online and off. With banks making checking accounts accessible through the use of debit cards, which act similar to actual credit cards, many people shop without taking much time to think about the differences. But there are differences between credit cards and debit cards, and that difference becomes quite apparent when bill time rolls around and you find you've maxed out your credit...

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How to Get 2nd Mortgages With Bad Credit

Upon financing your home, you created a loan referred to as a mortgage. As the value of your home increases, you gain equity in the home. Equity is the difference in the amount of money you owe on the mortgage and the amount of money the house is worth. When people want to borrow money using the equity in the home and using the home as collateral, they can take out a 2nd mortgage loan. Even if the homeowner has bad credit, it can still be possible...

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Will a Collection Agency Remove My Debt If Paid?

After purchasing your unpaid debt from your original creditor, a collection agency reports the account to the credit bureaus -- resulting in the collection account showing up on your credit report and bringing your credit score down. While paying the debt absolves you of your legal obligation, it does not improve your credit score. In some cases, you can negotiate with debt collectors to have the collection account removed from your credit report. Paying Collection Debt When you pay a collection debt, the collection agency must report to...

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How to Reduce Outstanding Debt on Your Credit Score

According to Myfico.com, outstanding debts make up 30 percent of credit scores. Consumers hoping to add points to their personal score and qualify for better interest rates on loans should pay down their credit card debts and existing loans. Reducing outstanding balances is often a lengthy process. But with a plan and self-control, you can get rid of balances. Instructions 1 Settle debts sooner with higher monthly payments to your creditors. Use disposable income to pay two or three times more than your minimum payment on credit cards and...

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Fourth Type of Credit Report

Your credit report is a compilation of how you've handled credit throughout your life. Credit bureaus monitor how much debt you take on and how you pay off that debt. They report to potential creditors both a detailed account of your credit history and a score that gives a numerical rating of your creditworthiness. Most people know about the three major credit bureaus, but there is a fourth credit-reporting organization---Innovis---of which many people are not aware. Big Three The three "major" credit bureaus are Experian, TransUnion and...

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How to Assume the Debt of a Marriage Partner

In most cases, assuming debt for someone else isn't a wise financial move since creditors will hold you liable for the debt you assume. However, sometimes assuming debt for a marriage partner can be beneficial. For instance, paying off your spouse's creditors can boost his score so that he -- or both of you together -- later qualify for better financing if needed. It may also make sense if your partner has cognitive or physical trouble paying and...

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Debt Reduction & Counseling

Anyone facing a massive amount of debt might need some type of debt reduction program or debt counseling to get back on track. These programs can assist you in managing your finances and help you to budget and make the most out of your income. Debt Relief Programs There are a number of debt reduction programs that can help you resolve debt issues. Debt relief programs are designed to help you settle your debt. Sometimes you can settle for more than 50 percent of the outstanding balance. Consumer Credit Counseling Debt counseling...

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Estate Laws Upon Death in Florida

When a resident of Florida dies, specific legal steps must be taken to ensure that the estate is closed properly. The legal process determines what debts must be paid and to whom remaining assets are to be distributed. The proceedings also legally change the title and property ownership to heirs or beneficiaries as part of the last step. Probate Requirements If an estate contains assets valued at $75,000 or more, then an official probate court case must be opened for the decedent in the state of Florida. Decedents who owned a home and had...

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Tips on Credit Information

Information from the United States government, national credit bureaus and financial publications can help you understand how to manage your credit to maintain a good credit rating. The most useful information provides insight into how credit-scoring models work and includes realistic steps consumers can take to improve their credit scores. Credit Scores Creditors and lenders use credit scores when they're deciding whether to approve a credit or loan application. They also use the scores to determine what interest rate an applicant will...

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The Best Strategy to Take When a Boss Denies You an Annual Raise

In many positions, it is customary for a person to receive a raise after a set period of time. This raise is intended to both reward the person for hard work and to help the person cope with rises in the cost of living, which will typically rise along with inflation. However, if you're denied an annual raise, there is a good strategy to handle this occurrence and perhaps change the result. Schedule a Meeting When wishing to discuss your refusal to receive an annual raise, it's critical to discuss this with your boss face to face. While...

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What Is LVNV Funding?

LVNV Funding is a company that buys outdated consumer debts or "junk debts." LVNV Funding then forwards the debt it has bought to Resurgent Capital Services LP, its debt collection and management arm. While the debt appears on the credit report as owned by LVNV Funding, consumers are directed to work with Resurgent Capital Services, based in Greenville, S.C. Both companies are under the umbrella of Sherman Financial Group, LLC. Junk Debt Consumer debt, such as credit cards, have a lifetime expectancy of six years for most states. Called...

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How Can I Raise My Credit Score and Erase My Bad Credit?

A credit score affects your ability to purchase a home, vehicle and secure a job. Credit reports track your credit accounts and if you've made timely payments in the past. It also keeps track of bankruptcy information. If you're struggling with a low credit score, correcting inaccuracies and making simple changes can help you boost your credit score. Instructions 1 Order a free credit report. Every 12 months you can order a free credit report...

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How Can I Settle Debt?

Settling debt is not easy. Creditors usually want all the money owed to them. Economic circumstances sometimes makes that impossible and debt settlement becomes an option. Individuals can either attempt to settle debts on their own, or use a debt settlement companies. Before engaging the services of a debt settlement firm, make certain you are dealing with a reputable company. Self-Repair One way to settle debt is by attempting it yourself. Although there are debt settlement companies available, nothing prevents you from contacting your...

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Credit Consolidation Facts

If you're having trouble paying all your creditors each month, credit consolidation can sound like an attractive option. Companies promise to consolidate all your debts in to one monthly payment that can reduce the amount you are paying creditors while also making payment easier. If it sounds too good to be true, it usually is. Credit consolidation may reduce your monthly payments, but the facts are, it often comes at a steep price in the long run. Impossible Terms For those who need credit consolidation the most, money is often difficult...

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Does Terminating a Lease Affect Your Credit?

Breaking a lease before it ends can have a negative impact on your finances. Your landlord may turn your case over to a collection agency and may even sue you for the balance on your lease. Before moving out, work with your landlord to come to a mutually agreeable lease termination agreement. Lease Termination Breaking a lease is like breaking a contract. If you don't fulfill your responsibilities, such as paying your rent for the duration of the lease, the other party (your landlord) can take legal steps to recoup her losses. While many...

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