Help! Debt Settlement Gave Me A Low Credit Score!

Hello-

In the past I have talked about Debt Settlement as a “Debt Cure” for your credit card debt problems. And for some people it is. But before you decide on this course of action, be aware that using debt negotiation with your creditors to get a good settlement offer can result in your FICO credit score dropping a few hundred points.

If you are scared of ruining your credit to get out of debt, then maybe debt consolidation is better for you.

Take a look at what has happened to my credit score over the past 6-8 months since I started a do it yourself debt settlement program:

Above is my FICO credit score before I missed payments on my credit cards due to a severe financial hardship. And below is what my credit score looks like now after I have settled with 3 out of 4 creditors.

Debt settlement has ruined my credit score!

Are you worried about keeping your credit score high? Have you seen all the commercials about how you need to maintain a high credit score to keep your insurance rates low, your credit card rates low, and your chances of getting a job?

I’ve even posted some of those on this blog. And if you are not going through a sudden job loss or unexpected medical bill then you may not need a drastic debt solution as debt settlement. And debt consolidation may be all you need.

Now here’s something else I want to show you:

My credit card debt before debt settlement: $61,713.xx

And here is how much credit card debt I have now after settling with 3 creditors and getting a balance reduction with a 4th:

$16,078.

I settled $43,250 settled for $13,054 and reduced a 4th balance from $10,160 to $7778.

I kept one card out of the program which I needed to pay for living expenses and business expenses and this has a balance of around $8300.

I am still not out of my severe financial hardship but eliminating over $43,000 in credit card debt in 6 months will go a long way towards helping me recover.

That cuts my monthly expenses by over $860 a month based on the 2% balance monthly minimum payment.

Would an extra $860 a month help improve your financial situation?

And now that I have $43,000 less in credit card debt, I am able to work faster on rebuilding my credit score. I can start making my payments on time again.

My debt to income ratio is a lot lower now.

In a couple short years I will have a healthy credit score again and will qualify for a low rate mortgage loan or car loan or even a credit card.

Debt settlement is not for everyone. If you have a small amount of credit card debt then it is not worth ruining your credit score over.

Get help from friends and family, consolidate your debts, stop charging, read the Total Money Makeover, heck, read Debt Cures I and II, and get out of debt.

I am just sharing with you my experiences and hope this can help you decide on if do it yourself debt settlement is the choice for you.

Talk to you again soon.

If you have any feedback, comments, or experiences let me know in the comments box below.

Thank you,

Adam

Debt Cures Reviews

Debt Cures – FREE Cash Grants Available

Kevin Trudeau talks about Free grant money in his Debt Cures books. Here’s something interesting…

Did You Know That….

- 15,000,000 people get free help and training for a better job
- 2,000,000 entrepreneurs get money to start or expand a business
- 5,000,000 people get money to invest in real estate
- $1,000,000,000,000 (1 trillion) are given away every year
- Over 35 million people get a share of this every year
- These were people from all walks of life, even the rich!

These are not made up numbers. These are facts. Grants don’t just come from the Government either.

Many people don’t realize how many private organizations literally HAVE to give away between 3% and 5% of their earnings for tax reasons.

These private organizations are know as “Foundations”.

Wondering if you would qualify for a Free Cash Grant? Well we wanted to introduce a resource that REALLY helps people achieve this goal!

Most grant sites offer just an eBook, and silly worthless bonuses.

This site is REAL and offers a top rate grant directory search!

Are you ready to claim YOUR share?

http://www.debtcuresreviews.com/go/freegrantmoney

-Adam

Debt Cures Reviews

How To Consolidate Credit Card Debt Even With Bad Credit Without A Debt Consolidation Loan

When you think of debt consolidation usually you think of getting a new loan to consolidate all your bills and then making just one payment a month.  But what if you have bad credit?  How can you qualify for a low rate debt consolidation loan?  You will not be able to save much money if any because the interest rate will be similar or possibly even higher than what you are currently paying on your different credit cards.  So how can you get out of debt?

If you have bad credit and you still want to consolidate your debt then there is still hope available.  Care One Credit Counseling is one of the best debt consolidation companies around and does not lend money.  They can help you lower your interest rates, reduce your monthly payment, waive late fees, and eliminate debt collection calls.  Best of all they do not make debt consolidation loans.  So they can help you if you have bad or horrible credit.  You can talk to them for free and see how much you can save with their debt consolidation plans.

Why would you want to get a debt consolidation loan in the first place?  You are already overextended on your current available credit so you do not need any more.  Using a program from Care One Credit Counseling is a better option.  And their plans are very affordable.  The monthly fee varies by state but it is in line with other credit counseling programs.  And when you compare it against the monthly interest charges of a debt consolidation loan it makes even more sense.

While I still believe debt settlement is the best way to eliminate your credit card debt if you are struggling with your bills, many people are still wary of using this option because of all the scams out there and it is understandable.  Debt consolidation is the next best plan.  Get a free debt consolidation quote from Care One Credit Counseling and see how much you can save.

-Adam

Debt Cures Reviews

And speaking of Debt Cures and Kevin Trudeau, Debt Cures 2 has been released and it is on all the late night infomercials again along with Kevin’s other book, Free Money, and I will be reviewing these once I get ahold of my copies. Kevin is taking 3-5 weeks to ship the books even though you pay $12.00 shipping and handling for each one.  I don’t feel like paying an extra $10.00 for rush shipping and handling. So when I get my copies of Debt Cures 2 and Kevin’s Free Money I will start posting the reviews of his latest books.

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As a U.S. taxpayer, YOU’RE entitled to this…

Hello-

You hear about grants, and may even know someone who received a grant…

…but somehow grants always seem like something the OTHER guy gets, right?

Why do we think that way?

After all, as U.S. Taxpayers, we’re actually ENTITLED to apply for free grants, regardless of our credit history…

…and with no collateral, no co-signers and no security deposits needed!

When you know HOW to apply, and you know WHERE to apply, you can get grants for almost anything, such as…

-starting a business
-growing a business
-buying a new home
-repairing your home
-paying rent
-making mortgage payments
-paying utility bills
-buying a new car
-buying groceries
-paying for childcare
-buying fuel
-covering general living expenses
-tutoring
-clothing
-school supplies
-legal services
-paying off debts
-paying real estate taxes
-covering medical expenses
-general welfare
-paying for education from preschool all the way through college, including private schools for your kids.

Now here’s the thing… these foundations, the federal government and the state government MUST give away these billions of dollars to SOMEBODY…

…so why not you??

The Online Uncle Sam’s Money Grant Directory will show you EVERYTHING you need to know to get these grants…

…in fact, it’s probably the BEST grant directory anywhere at ANY price, and this one is priced reasonably, unlike others I’ve
seen that cost as much as several HUNDRED dollars.

Click here for free government grants

Plus, this one is covered by a FULL 8 week guarantee…

…so not only are you increasing your odds of getting grants by a hundred fold (or more!)

…you’re also doing it with no risk whatsoever!

Grab your copy today, and get to work applying for YOUR grants.

Remember, you NEVER need to pay a grant back… the money is YOURS to spend… and as a taxpayer you’re entitled to your
share!

Click here for free grant money

Thanks for reading and have a great day!

-Adam

Debt Cures Reviews

P.S. Read what one happy user of the Online Uncle Sam’s Money Grant Directory has to say…

“Thank you so much for showing me how to get my government grant. Your info is the best i have seen on the Internet. I got my small business grant and i never have to pay it back. Thank you again so much.”
–Karen Packard, Albuquerque, NM

And here’s another…

“At first i was skeptical about purchasing your information. After seeing you had a fantastic guarantee i decided to try it. I
am so glad that i did. I will be receiving my grant check in two weeks. You are the best!”
–Liz Bui, Phoenix, AZ

Click here for free grant money

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