Debt consolidation

Submitted by debtserv on Mon, 07/06/2009 - 21:21

Debt consolidation can help you to relief debt to control over your debt your debt – this is actually lowering your existing debt rates, getting a better way to pay loan , or splitting your payments to get debt paid faster and easier.

Konartist (not verified)

If you have been making payments to your creditor and then have signed in for a debt settlement program, you immediately stop making payments. Your debts will at first be negotiated with the company and the money will be stored either in a holding account by the creditor or you may store the money in your own account.

Tue, 07/07/2009 - 11:25 Permalink

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Tue, 09/15/2009 - 09:46 Permalink

I'm kind of confused. I thought debt consolidation was NOT the same thing as debt settlement. Debt settlement is far better than bankruptcy, but I personally just want to consolidate to reduce monthly costs & to pay back the debt I have borrowed. I don't want to settle for less than I owe.

Am I way off on thinking that debt consolidation is not the same thing as debt settlement!?

Thu, 10/29/2009 - 21:10 Permalink

Consolidation is combining all your bills into one monthly payment, loan company, banks and other financial institutions will do this type of work.

Debt settlement is actually trying to get each debt down to a lower amount so that you can pay it off sooner at a reduced rate. You can get this service through a debt settlement company.

They are two completely different services.

Thu, 10/29/2009 - 23:02 Permalink

goodnatured,

Thanks so much for clearing that up. I thought they were different, but as you probably seen in my "dilema" post...Every "debt consolidation" company I've found seem to be debt settlers & I dont want to settle. I want to pay back what I owe.

Fri, 10/30/2009 - 19:02 Permalink

While they use very similar terms and are both a means of alleviating your debts, there are many major differences between debt consolidation and debt settlement programs.

Debt Settlements: A debt settlement program negotiates the balance due with your creditors in an attempt to have the consumer payback less than what was originally owed. Immediately this sounds ideal to any consumer struggling with their debts and monthly payments, but the cost to ones pocket and credit may not be worth the small savings to come. A settlement company requires monthly payments from their clients for 8 months to 1.5 years but does not send payments to the creditors each month. Instead, payments are held in an effort to create a large sum to negotiate the balance being paid in full for a smaller amount, usually 40-50% less. Like working with your creditors direct, if you’re not making consecutive monthly payments your credit can be tarnished with late marks and further fees incur on a monthly basis, raising the balance due and further damaging your FICO credit score. Furthermore, creditors are not willing to negotiate the balances down until an account is in a ‘charged off’ status. It usually takes 6 months of non-payment before a creditor will ‘charge off’ an account. That’s 6 months of added fees, negative reporting to the credit bureau, and harassing collection calls. Whether the debt is paid in full or partial, charged off accounts reflect negatively for 7 years on your credit report and multiple charge off accounts could reflect more poorly than a bankruptcy or repossession. In addition, the IRS takes their cut for the charge off loss by the creditor. Say you owe $10,000 to a Visa and a settlement company negotiates the payoff to $5,000. The following year you’ll be sent a 1099 tax form to claim the difference of the amount settled. The $5k difference is then considered taxable income by the IRS, so depending on your effective tax rate, you may have $500-$1,000 additional tax burden for the year your account is settled in.

Debt Consolidation: A consolidation program negotiates the creditor terms to achieve reduced interest rates and the stopping of late, past due, and over limit fees. The monthly payment is usually reduced as well and most creditors will bring past due accounts to a current status after 3-6 months of consecutive payments, helping improve your credit score over time. Like settlements, payments are required consecutively each month. However, in a consolidation program payments are SENT each month as they are received by the client. This ensures the accounts do not fall behind and the new terms remain in place until the debt is paid in full. The balance owed is paid down on a monthly basis at reduced rates, allowing more of the client’s monthly payment to go towards the balance due rather than creditor fees and finance charges. Consolidation programs cannot exceed 60 months and depend on the amount of debt owed and the terms per creditor enrolled in the debt consolidation program. There are usually no additional fees for making extra payments or paying off the debt earlier than the time quoted. The consensus is, the faster the client is paid off the better for all parties as most agencies work off a referral basis from satisfied customers.

If the agency’s’ fees are unreasonable chances are your financial well being is not their primary concern. A nonprofit agency will usually charge in accordance with your state’s guidelines and offer a low monthly service fee to cover in house expenses. In either instance you’ll want to do your homework before signing with an agency. A nonprofit agency is the best option followed by a review of the company’s Better Business Bureau profile and rating. http://www.bbb.org/.

If you’re looking for credit card relief and an alternative debt solution that won’t hurt your credit, please contact a certified credit counselor for a free budget analysis to see what options are available to help you become debt free.

Wed, 11/04/2009 - 19:59 Permalink

Wow Freedom Thanks for the information. For me I have never had to deal with that kind of thing so I was unsure of the difference as well. I'm sure that will be useful to many people thanks for posting it.

Thu, 11/05/2009 - 00:29 Permalink
Sasi (not verified)

Yes it is possible to get a loan after a debt csnoolidation loan. You just have to find a lender who is willing. Maybe you know some one in the business who would make you a loan. Lots of ways to get another loan However my advice would be not to take out another loan. You just had the bills consolidated because you owed too much.. Making a new loan will just help get you back in another mess and possibly a bankruptcy which is much worse for your credit. We can not borrow our way out of debt .. wont work im sorry I dont know much about your situation . but most usually more debt doesnt help any one who already owes too much . I wish I had a better answer but I dont The best thing you can do is try to increase your income and pay your debts down I was in banking 40 years . and personally I think the worst thing you could do is go borrow some more money after a recent bill csnoolidation. I wish you the best of luck RD

Fri, 04/12/2013 - 00:05 Permalink
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View picture of When women divorce, They tend to are more extroverted (credit history rating: Getty)

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men and women, on one hand, Didn handle the break down quite so well. They tended to become more neurotic and more diligent after the divorce. And how, Both male and female divorcees tend to become less dependable after their break up.

View picture of When men divorce, They tend to become more neurotic (consumer: Getty)

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Long Island's arts scene hints into fall

Hispanic Heritage Month is commemorated at Nassau County Museum of Art by drinking three shows, Highlighted by Francisco Goya Caprichos primarily gallery.

This exhibit abilities an early first edition of Los Caprichos, A set of 80 etchings by the renowned artist that was circulated in 1799, And is regarded as one of the crucial influential series of graphic images in the history of Western art.

in addition to this exhibit, Visitors can see an exhibit of works by Uruguayan artist Rimer Cardillo, De are generally memoria, Highlighted by a spain girls full gallery installment called of Clay, gasoline and Ashes Cupi. This sculpted setup measures 6 7 high by 9 10 wide, And consists of embossed handmade paper woven between threads, And multiple painted by hand photo screens printed with oil, clay, And ashes in writing. Other works on display capability images of cimarrones and criollos (Wild dogs and indigenous horses of Uruguay) On digital images. Cardillo draws influences from the landscape and area of both his native Uruguay and of the Hudson Valley area. His work often shows his concern over the demise of native people, vegetables or flowers, And animals almost.

The third component of the museum look at Spanish classicism influence on Hispanic art is the progressive group exhibit, Contemporaneas, With prepares food by Brazil Vik Muniz, The Cuban u. s citizens artist who goes by DEMI, Argentina manuel Esnoz, not to mention Dario Escobar of Guatemala. Muniz collaborative work together with the impoverished landfill of Brazil, Mixing art with social alert cognitive state, Was the main topics Land, An Academy Award nominated documented. DEMI is acclaimed for her innovative steps, While Esnoz art is comprised of separate parts that come together in a pattern. Escobar creates a 21st century version of sculptural pop art using such materials as deflated soccer balls and skateboards, Especially liked the museum younger visitors.

Group of artists show resemblances as well as diversity of artistic practice, pronounced Laura Lynch, The museum director of coaching. Know Goya well but probaby less knowledgeable about these contemporary artist and will learn how contemporary artists. They will learn how they have interpreted Goya themes. These exhibits juxtapose varied forms of art. We are making a connection from the past for this, in 1797 to 2011. Los Caprichos on display in the museum downstairs galleries illustrates the darker side of the master artist and printmaker, the judge painter to the Spanish Crown, Who as Lynch revealed, One of the most basic artists in the history of art.

Can be translated as a whim, A fantasy or a manifestation of imagination. In Goya call time term, this is deepens, Binding an ironical layer of humor over some of the profound indictments of human vice ever set on paper.

Enigmatic and debatable, Los Caprichos was created in a time of social repression and overall economy in Spain. affected by Enlightenment thinking, Goya set out to assess the human condition and denounce social abuses and superstitions.

Painting established portraits of royalty, Goya intersected over into Los Caprichos, spoken Lynch. Was very emotional and expressed a different aspect of man's instinct. Goya went from reality to convey emotions through the usage of printmaking. these aren't beautiful pieces; you can find a satirical element to his depiction of people faces beautiful girl in spanish and bodies. He was creating these at an occasion when Spain was losing its glory and power. He looked at the data corruption around him and became cynical in his vision of people around him. In his essay associating the exhibition, Robert Flynn manley, Curator the boss, Achenbach makeup for Graphic Arts, Fine Arts Museum of san fran, believed:

Goya is seen as the first modern artist he chose to go beyond depictions of religion, Mythology, And record, And even beyond paying attention of the visible world, Turning instead toward the emotional demons that have always inhabited men souls. until finally Goya, These demons had rarely been made nicely visible Goya had the courage and the genius to depict them. Los Caprichos stands as top single work of art created in Spain since the writings of Cervantes and the paintings of Vel over 150 years earlier. Small in dimensions, The 4x6 etchings are displayed next to enlarged images of the works well with easier viewing. Really want this exhibit to be friendly to groups, detailed Lynch. Way everybody is able to examine the details.

many people, when partnered with its exhibits, The museum offers public programs to help the viewing experience. are available a family event, Dia de shedd Muertos (Day together with the Dead), On weekend, march. The museum invites families to celebrate the Latin American holiday with fun exhibit tours, basic Dia de los Muertos arts and crafts, And an outfit parade.

All three exhibits stick to view through Nov. 27.

Nassau County Museum of Art is situated at 1 Museum Dr. (Just off n. Blvd, circuit 25A), Roslyn harbor. entrance is $10, $8 older persons (62+), $4 for kids to grow. Due to space constraints, bookings are needed for events.

Reinterpreting Nature at Hofstra college Museum

Hofstra university or Rosenberg Gallery highlights the works of Chinese artist Cui Fei, along Oct. 26. Nature is a persistent theme in Fei art. Visitors will dsicover how natural objects, by way of example tendrils, twigs and thorns, Evoke the flowing sorts of Chinese calligraphy. By using natural forms that seem to pre exist the writing, Cui creates formations that should be interpreted as mysterious messages from nature.

The pieces in this exhibition are from two of Fei ongoing projects Tracing the foundation and her calendar based work.

Chinese writing descends from nature as ideograms and the characters grew simplified over time, Separating from their original context and becoming abstracted. With her Tracing the cause series, Fei work abstracts nature a step forward. hiring grape vine tendrils, She created two dimensional works of varying scale and color as well as three dimensional works made with different types of materials. Different media and modes of slideshow used in this series, Such as printmaking and setup, are intended to symbolize how Chinese written characters have become detached from their origin; and by inference, How humans have also detached their bodies from nature.

Read by Touch and Not Yet Titled are from a series of her calendar based works. Read by Touch refers to her personal background and the latter alludes to recent historic events. Fei explores every thing has become of human beings and nature, Almost as if she were translating letters from nature herself.

aspect, New Work by Cui Fei is on event at the Rosenberg Gallery, bathroom 136, In Calkins Hall on Hofstra South campus.

Hofstra other fall present, Silverman: The Humanist heart and soul, shows that the continuing power of the realist tradition in the 21st century.

Through Silverman use of contemporary realist portraiture, The exhibit examines the commonalities of existence of Silverman, Who paints on his own terms, Has rejected the abstract and conceptual art movements of the mid 20th century to continue to paint in a new version of the 19th century realist style. He has stated, at the beginning of life, I fell gets interested the landscape of the human face, Where all the emotional states of life are found.

Wed, 01/08/2020 - 05:45 Permalink
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Femen activist Oleksandra Shevchenko stands by a lantern on her way to her residential home in Kiev, feb 21, 2012. Oleksandra, 23, Is a hr student, Born in the town of Khmelnitsky, Who rents a two bedroom apartment with your ex four friends. Ukrainian activist group Femen is famous for holding topless protests in Ukraine and abroad demonstrating for women's rights, And against sex travel.

An costumed activist from might rights group FEMEN, Is helped down by firemen during a protest outside authorities buildings in Kiev December 16, 2011. The dating ukraine ladies protest was organized to draw towards the lack of women in the Ukrainian government, On the occasion of pm Mykola Azarov's birthday.

Femen activists Oleksandra Shevchenko (t) And Katya Dmytrenko sit on a bed in Oleksandra's residential home in Kiev, feb 20, 2012. Oleksandra Shevchenko, 23, Is a human resources student, Born in baltimore of Khmelnitsky, Who rents a two bedroom apartment along with her four friends. Katya Dmytrenko, 22, Studies for a Master's degree at an arts school and works as a fine. Ukrainian activist group Femen is known for holding topless protests in Ukraine and abroad demonstrating for women's rights, And against sex vacation.

Femen activists Oleksandra Shevchenko (R) And Inna Shevchenko sit at table at a McDonald's cafe in Kiev, january 22, 2012. Oleksandra, 23, Is a recruiting student, Born in state of Khmelnitsky, Who rents a two bedroom apartment together with her four friends. Inna, 21, on Ukrainian city of Kherson, Who graduated from the Journalism School of the national University, Rents a space in Kiev.

Femen activists Oleksandra Shevchenko (R) And Inna Shevchenko sit at table at a McDonald's eating place in Kiev, february 22, 2012. Oleksandra, 23, Is a hr student, Born in portland of Khmelnitsky, Who rents a two bedroom apartment with your ex four friends. Inna, 21, ones Ukrainian city of Kherson, Who graduated from the Journalism School of the nation's University, Rents a location in Kiev.

Femen activist Oksana Shachko is reproduced in a mirror before painting a wall of her room in Kiev, january 21, 2012. Oksana, 25, websites founding members of Femen, Studied iconography in the city of Khmelnitsky and rents a room in an apartment in Kiev. Ukrainian activist group Femen is famous for holding topless protests in Ukraine and abroad demonstrating for women's rights, And against sex tourist.

Femen activist Oksana Shachko sits at table in her own room in Kiev, january 21, 2012. Oksana, 25, article marketing founding members of Femen, Studied iconography in the city of Khmelnitsky and rents a room in a flat in Kiev. Ukrainian activist group Femen is renowned for holding topless protests in Ukraine and abroad demonstrating for women's rights, And against sex travel.

Femen activists Oleksandra Shevchenko (l) And Katya Dmytrenko sit at table in Oleksandra's household in Kiev, feb,march 20, 2012. Oleksandra Shevchenko, 23, Is a recruiting student, Born in town of Khmelnitsky, Who rents a two bedroom apartment with your ex four friends. Katya Dmytrenko, 22, Studies for a meet ukrainian girl Master's degree at an arts school and works as a musician. Ukrainian activist group Femen is known for holding topless protests in Ukraine and abroad demonstrating for women's rights, And against sex vacation.

Femen activist Inna Shevchenko puts on her make up in a condo in Kiev, february 20, 2012. Inna, 21, throughout the Ukrainian city of Kherson, Who graduated from the Journalism School of the national University, Rents accommodation in Kiev. Ukrainian activist group Femen is renowned for holding topless protests in Ukraine and abroad demonstrating for women's rights, And against sex tourists.

Femen activist Inna Shevchenko sits with her computer in a loft apartment in Kiev, february 20, 2012. Inna, 21, the Ukrainian city of Kherson, Who graduated from the Journalism School of the national University, Rents an area in Kiev. Ukrainian activist group Femen is renowned for holding topless protests in Ukraine and abroad demonstrating for women's rights, And against sex tourism.

Femen activist Inna Shevchenko has a snack in an apartment in Kiev, february 20, 2012. Inna, 21, from Ukrainian city of Kherson, Who graduated from the Journalism School of the nation's University, Rents a room in Kiev. Ukrainian activist group Femen is known for holding topless protests in Ukraine and abroad demonstrating for women's rights.

Activists from Femen scrub the paving stones as they stage a protest in front of the entrance to the building where former IMF head Dominique Strauss Kahn lives in Paris in this October 31, 2011 file shot. But his generosity lives onThe previously healthy boy was preparing to take part in a ski marathon to raise.

Lise Ravary: Manitoba has no lessons to give QuebecBefore lecturing on numbers, Pallister should study more about his province's.

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Hanes: 30 numerous years after Polytechnique, Women in power face perpetual fightMontreal Mayor Valrie Plante and former prime minister Kim Campbell are far from.

If you had one of those winning Loto Qubec tickets, You're too lateLoto Qubec says it issued five press announcments about the prizes over the past 12.

the winter hasn't yet begun, But an overflow homeless shelter has recently openedIt's a Band Aid solution, Says your head of the Old Brewery Mission. came across,

Hanes: 30 a few years after Polytechnique, Women in power face perpetual fightMontreal Mayor Valrie Plante and former prime minister Kim Campbell are far from.

Gangs to do with Montreal, episode 5: The biker warThis week's tv show of our new podcast, The Dark to the north: Gangs along with Montreal, seeks.

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