Stephen Bis

Unless you can be found living below a rock, one should know that over the past couple of years the United States economic system has totally gone down south. People have been losing employment, their households, and many their sanity. One dilemma that has truly been haunting many people since this has happened is great amounts of consumer credit card debt. People have been trying to cope with big monthly premiums that hardly ever seem to go down along with interest levels that are extremely absurd. One program that has been really proving to be a safe bet for most consumers is debt settlement; however there are two forms of credit card debt settlement services. Currently, there are business models that can be setup with a law firm and then programs that can be developed using a standard company. The former is what is going to really provide consumers a great possiblity to become debt free in the least amount of time with the least amount of headaches. Using debt settlement the card... - Stephen Bis

These days it seems like pretty much everyone is struggling due to the turbulence in our economy. Weeks and months continue to go by and the economy does not seem as if it will be getting any better... - Stephen Bis

I have been reading lately about how bad the debt settlement industry is, so I have composed a very good article on how to get out of debt without being scammed. Since I have been in the debt relief industry for over ten years I know a thing or two on how to differentiate between bad companies and good ones.  After reading this article you will know how to successfully find a company that will be able to do the right job for you.  Anyone who is really stuck pretty badly in credit card debt can’t afford not to read and learn what this article has to say. - Stephen Bis

In the middle of all the financial ruckus there is one problem that is being quite unnoticed. And this issue is that of bad credit card debt and the way the creditors are treating their debtors. These creditors have been utilizing a number of manipulative tactics in order to for lack of a more suitable word swindle people of their hard earned cash. One of the sketchy tactics is to unleash the nightmarish universal default. This allows the creditors to raise a cardholders interest rate if they see any adversive. Even if such negative remarks have not a thing to do directly with that particular creditor. In reality what may happen is someone merely falls behind just one payment on one of their creditors and then come to realize that all of their creditors have increased their interest rate. Once the rates have jumped up the predicament can very quickly spiral out of control, typically the payments at least double if not triple and then most of the payment goes right to interest.... - Stephen Bis

Lately the creditors have been employing a very sketchy tactic hurting many people’s financial situations.  They have been lowering peoples credit limits to just above the balance without letting the cardholder know.  So what happens is then the cardholder will go over the limit allowing the credit card companies to not only charge a fee but also to raise the interest rate.   This is very bad because this will also trigger off the “universal default” clause thus allowing all of the other creditors to raise the interest rates of those people’s cards.  Putting people into very bad situations where they will be paying out a lot more money and most of it will be going towards interest only. For these people who have been victimized by the creditors in this way a great solution to get out of this problem is that of a debt settlement program. This will allow these people to get out of debt in a few years and save a lot of money throughout the process. - Stephen Bis

Well our administration has at last put together the stimulus bill and it is passed.  So will this bill in fact help out those people who have found themselves in credit card debt?  For some it may and for others it won’t. Without doubt taxes are going to have to be increased to help pay for this gigantic bill.  When this happens those who can just about afford their minimum payments right now might be at that breaking point of not being able to pay.   Those who will be helped are those who are without a job and can meet the criteria for the “shovel ready” jobs that this bills is projected to create.  Then some of these people may be able to start paying their debts back. However for the majority of Americans finding a way to get out of debt as fast as possible would be sensible.  Because the economy it seems still has not hit rock bottom and will get worse before things get better.  Getting out of debt may be one of the smartest things someone ... - Stephen Bis

Are people going to be able to better themselves during this tough economic time?  This is a question many people find themselves asking.  With foreclosures continuing to pile up and more and more Americans losing their jobs it seems like we are heading strait for a depression. To top things off there is one more issue that is plaguing so many and that is the issue of unsecured credit card debt. Getting out of debt would be such a good thing for people during these tough economic times.  It would probably help people to keep their homes and put more food on the table for their families.  The problem is that most people do not have a means to escape their bad debt situations.  By hiring debt reduction services people will be putting themselves into a position of strength.  The best method of debt reduction has proven to be that of credit card debt settlement.  A process in which consumers can realistically save a large sum on how much debt they owe and... - Stephen Bis

It is no surprise to anyone that we are now in the midst of one of the worst economic crisis's since the great depression.  It seems as if almost every single financial markey has been suffering.  All the way from the banking and mortgage industries all the way down to the credit industry.  Which all negatively affect the stock market and more importantly the wallets of American citizens. Meanwhile credit card debt has hit an all time high for the average American consumer.  This could not come as a worse time with more people losing work and getting their incomes cut back.  So what are people supposed to do about trying to get out of debt? Most people used to think that obtaining a debt consolidation loan was the best course of action however, for many this is impossible because you need a home and equity in your home to do so.  Plus you need to have decent credit and people stuck deep in credit card debt will not have the best credit.  A good meth... - Stephen Bis

One of the more popular methods of debt relief has become debt negotiation, otherwise known as debt settlement.  With the change of the consumer bankruptcy laws in 2005, debt negotiation became one of the best routes for people to become debt free. Since that time there have been quite a few companies that have started up offering debt negotiation services.  However how can someone differentiate the good from the bad? First off the best debt negotiation companies will offer what is known as "full disclosure".  This means they will give the potential client both the good and the bad associated with the debt negotiation process.  If they are offering full disclosure then they will be around in the long run.  The regulators are keeping a close eye on companies that will just sugarcoat the process and take shortcuts, inevitably leading them to being shut down.  If a company offers full disclosure and takes the time to fully educate the potential client on how ... - Stephen Bis

To start off I would like my readers to first realize which consumers are in need of debt settlement as a means to become debt free. One example of those in need are the people who pay only the minimum. Another primed applicant for debt settlement is the person who has already fallen behind. The third person who is ready for debt settlement is the homeowner with money coming in who is seriously considering filing for bankruptcy. At this point you must be thinking what is debt settlement? Credit card debt settlement is a process of gathering enough money to arrange a one time payment that is negotiated down to a lower amount than the original balance owed. The next issue that pops into mind for many consumers at this point is, how do you get your creditors to agree to a lower amount?. Well the answer is pretty easy, you must fall past due on the debts owed. The reason being no creditor in the world is favorable to negotiate on a bill that is up to date with payments. Which is... - Stephen Bis

This video shows what the US Consumer Advocate can do for you if you happen to be stuck in a bad debt - Stephen Bis

To begin we must identify the debt settlement process. Debt settlement is a process of going into default on unsecured credit card bills to then later on negotiate a settlement to pay back the balance at a much reduced amount. This avenue can save a U.S citizen close to 50% of the debt they owed. In addition they can look ahead to becoming completely free of unsecured debts within at most 3 years. Now the debt settlement process can be done two ways, either employ a debt settlement company or a credit card debt relief law firm to enroll you into a debt settlement program. This writing will touch a few key differences between the law firm vs the company. Like most things in life credit card debt settlement has it's ups and downs. The pros being the great savings of money and time. The cons are defaulting on the bills, collection activity and the minimal chance of being sued. A debt settlement law firm has more beneficial securities to offer than the regular debt settlement company... - Stephen Bis