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Sen. Elizabeth Warren Introduces Bill to Slash Student Loan Interest Rates-We Can Help You Lower Your Rates And Your Interest Now, Without Waiting

    Yes, in an article appearing in Insidearm.com recently, Elizabeth Warren has introduced a bill with no cosponsors in which the rates charged by the
Federal Government for student loans would be set to the same rate
charged to banks when banks borrow money from the Fed.  The bill is Senator Warrens attempt to preempt the Increase in interest charged on student loans beginning in July of 2013.
Essentially the bill would allow students to borrow at the same rate now enjoyed by the banks when they borrow money from the Federal Reserve, which is as of this writing essentially 0.75%.

    Average interest rates currently on Federal student loans is 3.4%, but is expected to rise to 6.8% come July 1^st. It goes like this, when banks borrow money to lend to the consumer they get the money at .75%, but make a very tidy profit, depending on what exactly they charge in interest. It should be noted here that in 2010 banks were essentially taken out of the student loan business as they were federalized and brought under the Dep’t of Education in 2010.

   It is anticipated that the federal Government will bring in about 37 Billion dollars in profit next year on student loans, as things now stand. It is interesting to note that last year when Congress was faced with this same issue it elected to put the matter off to this year, and here we are.

  So with all this as background, it is interesting to note the actual comments
made to the original story when it first appeared in Insidearm.com.

  As it is, the Feds under the Dep’t of Education now offer many debt relief
programs for students struggling under the burden of payments they cannot afford regarding student loan payments.

  You know. Johnny got the degree, but now cannot get a job, and has the student loan to pay back. He has used up all his deferments and the defaulted student loans are causing some problems. What sort of problems you ask? Well, for one thing, if Johnny wants to now work for the Federal Government, then he has to get his loans under control, because in the Federal work arena they are somewhat touchy about having debts you are not dealing with. If you are in the Military, chances are you will not be promoted if you are just ignoring your debts. Additionally, going back to school to advance your education, on a student loan, is pretty much not going to happen, until you correct any default on your current student loans.

 The idea that every American is somehow entitled to a college education
of his or hers choice is a topic for another article.

 Now back to what I started to say about the comments on this article.

 Here is one of them: (name withheld) you are out of touch on student loans. Most students will never pay back their loans for one reason or other.

 (Another: (name withheld) “Mike, you are out of touch on student loans.”

 Of course I then realized that these comments are posted by debt collectors, because, except for myself, that’s you reads this publication. They are already not very happy that they cannot collect in Student loans as of 2010.

 But here is the real bottom line. If you are saddled with a student loan and cannot afford to make the  current payments, there are many programs now available through the Dep’t of Education which can lower the payment, and even in some cases make the payment on the interest due on the loan and reevaluate your situation each year.

 I am a credit counselor, that is my only interest here, and that is to help you live
a debt free life, and so that is my sole purpose for writing this article. So if you are stuck in a debt situation and need help, whether it is student loans or another type of debt, please feel free to use one of the phone numbers and links below for a free credit counseling session, over the phone and see what your options are, because there are always options, and make it happen for yourself, because no one can do it for you.

The ADE Debt Relief Phone Numbers

Free Credit Counseling---       877-766-2465

Student Loan Consolidation---877-766-2465

Free Ch 7 Bankruptcy Counseling-- 516-204-4640 (National Number)

Credit Restoration Counseling-888-586-2661 - Credit Report Review

Each of these numbers provides Free Counseling.

 

Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
Rated 3rd Nationally
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Top 1 Percent Club
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

 

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Avoid Procrastination! And Set A Good Example For Your Kids By Gail Kasper, Author, Television Host, Certified Fitness Trainer, and Motivational Speaker

Top 1% Club Expert Steven Ciantro says as a partner and featured expert for the Top 1% Club, you are not only able to view many of my articles, but you will also have the opportunity to learn from Top 1% Club Mentor Gail Kasper, one of the nation's leading professional speakers, a television commentator, and a life and business coach. Membership costs you nothing and if you join now , you will be eligible to receive a complimentary set of Gail's new books. 

It can be frustrating when you ask your child to tidy their room and they tell you, "In a minute." That minute stretches into five, then twenty, then sixty, but the room remains a mess. Or how about when your child has had three weeks to work on a school project, but she hasn't done a thing and now she's rushing through it because it's due tomorrow? I'd say a lesson on avoiding procrastination is in order.

But what if the one who inadvertently taught your child to procrastinate is YOU? If your son or daughter has learned to put tasks off to the last possible minute from watching you do the same, don't scold your child and don't beat yourself up. Instead, take action! Teach yourself to avoid procrastination, and you'll become a fantastic role model of efficiency for your child.

 My self-empowerment tool called Systematic Attitude Development-Technique (SAD-T) teaches people to take action and get results, especially when they feel stuck or unmotivated. I've included three action items below, taken straight from SAD-T, to give you an effective strategy for avoiding procrastination.

 1. Formulate a plan. You have a job to do, but you keep putting it off because you have no idea where to begin. Lacking a roadmap, you don't know what to do, how to start, or even what's involved to get the job done. To get out of this crippling state of uncertainty, the first thing you must do is develop a plan. Write down what needs to get done and how you plan to approach the job. Don't worry about all the details yet. Just capture on paper a big-picture plan listing major goals and activities.

 2. Create a detailed list. Once you've written down the major points of your plan, its time to define and refine. How will you accomplish the goals listed in your plan? What steps will you take to get from point A to point B? What specific tasks need to get done to complete each goal and activity in your plan? Here's where you work out all the little details, getting as specific as possible. If you can, give each task a time frame.

 3. Now do it! You've got your roadmap, you've got your detailed list of specific tasks. All you have to do now is jump in and do it! Follow your step-by-step plan, and keep that momentum going. You can be sure that your kids are watching and learning from you. By beating procrastination through a systematic, logical approach, you're setting a great example for them to follow. 

 About Gail Kasper: Mid-1998, Gail Kasper started her business from a small one-bedroom apartment, in the middle of bankruptcy, with no money in the bank. Today, Gail is one of the nation's leading speakers, author, Top 1% Club Mentor, a television host, advice columnist, Certified Fitness Trainer, Ms. Continental America 2008, and the creator of SAD-T™ (Systematic Attitude Development-Technique™). A former Contributing Editor to Success Magazine with the "Ask Gail" column and host of the "Ask Gail" segment on the Comcast morning show, Gail is the author of her self-help autobiography Another Day Without A Cage: My Breakthrough From Self-Imprisonment To Total Empowerment and the self-help parable Unstoppable: 6 Easy Steps To Achieve Your Goals. With national media appearances that include Inside Edition, The Today Show, FOX Business News, and Oprah and Friends, Gail has earned the ranking of an in-demand national media personality who has been the topic of discussion on Regis and Kelly. The current host of the Philadelphia Visitors Channel, she has also made numerous appearances on network affiliates that include ABC, FOX, CW11, Comcast, and CBS, where she co-hosted the Emmy award-winning America's TVJobNetwork. www.gailkasper.com

Presented on behalf of Gail Kasper By

 

 

Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
Rated 3rd Nationally
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Top 1 Percent Club
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

 

  

 

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Kasper, is that juul? (sorry...)

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Is There Help For My Student Loans? Yes, But Is Someone Getting Ready To Tax Your Scholarship?

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Is There Help For My Student Loans? Yes, But Is Someone Getting Ready To Tax Your Scholarship?

OK, get ready, because here it comes. Governor Duval Patrick,
of course of very recent note, in the Boston Marathon Bombing,
said regarding his new budget that in looking to close loopholes,
he is looking to tax the value of your college scholarship. Oh yeah,
that will definitely encourage higher education. Here is the source of the story: Taxing College Scholarships   This is just one of the many personal
exemptions the Governor is trying to get rid of. And while his new budget
may not pass in its entirety, that does not mean that individual parts will not.

Political analyst, columnist, and radio talk show host Jeffrey Kuhner says that Patrick’s proposal to tax scholarships is anti-growth and an assault on Americans.

“Frankly, I don’t think we should tax anything. We’re overtaxed. We should be cutting taxes to grow the economy,” Kuhner said. “The state government has more than enough money if they would go after the waste, fraud, and abuse.”

In all seriousness, I am not suggesting that you are entitled to a free college education, however, when you simply consider the return on the
investment of a college education in todays world, I would suggest choosing very carefully what your career path will be. Every day, I speak to graduates who are totally stressed out over their Federal and private student loans, because their seems to be no end in sight to a final payoff. At least as far as Federal Loans go the Dep’t of Education has many programs to relieve the payments and lower the interest rates on your Federal student loans.

You can get a free no obligation quote on federal student loan relief by visiting consolidate my student loans.  Where you can download a simple one page application to get a free quote.

What about other types of debt including private student loans. Well,
if your private student loans have gone to collection, then they may qualify for a debt settlement program.

 Here are the phone numbers:

The ADE Debt Relief Phone Numbers

Free Credit Counseling---       877-766-2465

Student Loan Consolidation---877-766-2465

Free Bankruptcy Counseling-- 516-204-4640 (National Number)

Credit Restoration Counseling-888-586-2661 Inc. Credit Report Review

Each of these numbers provides Free Counseling.

Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
Rated 3rd Nationally
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Top 1 Percent Club
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

 

 

 

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The Law of Cell Phone Etiquette: What you were never taught! by Gail Kasper, Author, Television Host, Certified Fitness Trainer, and Motivational Speaker

Copyright©Gail Kasper, LLC, June 2012

Top 1% Club Expert. As a partner and featured expert for the Top 1% Club, you are not only able to view many of my articles, but you will also have the opportunity to learn from Top 1% Club Mentor Gail Kasper, one of the nation's leading professional speakers, a television commentator, and a life and business coach. Membership costs you nothing and if you Join Now you will be eligible to receive a complimentary set of Gail's new books. 

 I personally guarantee you will truly enjoy this article and while it may not be credit counseling it is great life counseling. Here she is my friend Gail Kasper.

 We all love the ability to connect and interact, almost instantaneously, 24/7, with friends, family, potential employers/employees, and potential customers and clients. Pervasive cell phone use is here to stay and is steadily increasing, but we have never really learned the proper way to stay connected, without offending others.

 We all know people who are guilty of being rude or obnoxious in the use of their mobile phone, and sometimes the guilty party is ourselves. A poll by national market research group Synovate reveals that nearly 72% of Americans believe that loud public conversations are the most offensive bad cell phone habit, and nearly seven out of 10 individuals polled, or 68%, indicated they see poor cell phone etiquette daily.

 I’m sure you have your own pet peeves but cell phone rudeness can be very, very annoying. “Please Do Not Use Your Cell Phone Here” signs are popping up all over, indicating just how irritating it can be for people to share public spaces with inconsiderate cell phone users. Make a firm resolution that the offending party not be you. If you’re still not sure why friends and strangers are staring at you with irritated expressions while you’re on your phone, then this article is definitely for you.

 Cell Phone Etiquette Tips:

 1. Don’t even think about talking into your cell phone… in a confined space where people are within ten feet of you. This includes elevators, business meetings, lectures and live events, movie theaters, museums, libraries, places of worship, restaurants, funerals, weddings, bathrooms… and the list goes on. You shouldn’t have to memorize a list of forbidden places to know if making a call is going to be considered rude or not. Before you make that call, look around. If anyone is within earshot, either get their permission or don’t make the call. Would you light a cigarette in a public place? Most states have laws concerning the dangers posed by second-hand cigarette smoke. Perhaps laws regulating second-hand cell phone conversations should be not too far behind.

 2. Let your fingers do the talking. Texting is far less irritating to most and, in public situations, a much safer alternative to your voice. In speech we can meander and blather on and on, whereas texting a message forces you to be succinct and to the point. Do us all a favor though and put your key strokes on silent, the incessant “bleep, bleep” as you type, to some, can be as annoying as the proverbial finger nails on a chalkboard.

 3. Your cell phone should have voice mail. Just because your phone rings doesn’t mean that you have to answer it. If you’re not in a position to take the call, let it go to voicemail. If the call is important they will leave you a message. Even if they don’t, you can still see who it was. It gives you the option of texting them back right away, calling them back at a later time, or doing nothing.

 4. Did you really pay for that ring tone? Your choice of music is as individual as your choice in ring tone so please bear in mind that not everyone may be as big a fan of Death Metal Sputnik’s music as you are. Even if I have only to hear it for thirty seconds it may be thirty seconds too much. Turning your cell phone to vibrate wins you friends and can save you the cost of unnecessary ring tone downloads.

 5. Don’t be so loud. It may not matter to you that I can hear every word of your personal conversation but it does to me. Unless you’re spouting gems of wisdom that I find fascinating, hearing about a day in the life of Joe Average is of little value to me. I have my own laundry list of things to get through today without worrying about someone else’s as well.

 6. Get permission to take the call. If you are in company, including family, and a call comes through that you feel you must take, check with your company first. Keep it short and for heaven’s sake make it sound like the call really is important. Answering the call with a casual, “What’s up?” and then shooting the breeze for several minutes will not endear you to your present companions. Family is no exception. If they are spending time with you, they deserve consideration, as well.

 7. Don't text in the Dark. The lights are dimmed and the boss is giving a power point presentation (or even worse, you're in a movie). It may be boring but don’t give yourself away and annoy the rest of the group by lighting up the space and your face by texting.

 8. Don’t talk or text while driving or operating machinery. It doesn’t matter how great a multi-tasker you consider yourself to be, you are four times more likely to be involved in a car accident driving while holding a cell phone to your ear.

 Just as with social etiquette in general, cell phone etiquette concerns itself with people having proper manners, a respect and consideration for others. If someone doesn’t hold open a door for you as they pass, they most likely won’t be too concerned about other social graces such as when to use and when not use their cell phones. We may not be able to control what others may do or not do, but we should have control over our own thoughts and behavior. Just because other people are behaving in a certain way doesn’t mean it is acceptable behavior for all. You know what cell phone behaviors bother you. Most likely, what bothers you bothers other people as well. Before you pick up that cell phone, consider your own cell phone pet peeves first and be careful not to commit a cell phone faux pas. Those within earshot may love you for it!

 About Gail Kasper: Mid-1998, Gail Kasper started her business from a small one-bedroom apartment, in the middle of bankruptcy, with no money in the bank. Today, Gail is one of the nation's leading speakers, author, Top 1% Club Mentor, a television host, advice columnist, Certified Fitness Trainer, Ms. Continental America 2008, and the creator of SAD-T™ (Systematic Attitude Development-Technique™). A former Contributing Editor to Success Magazine with the "Ask Gail" column and host of the "Ask Gail" segment on the Comcast morning show, Gail is the author of her self-help autobiography Another Day Without A Cage: My Breakthrough From Self-Imprisonment To Total Empowerment and the self-help parable Unstoppable: 6 Easy Steps To Achieve Your Goals. With national media appearances that include Inside Edition, The Today Show, FOX Business News, and Oprah and Friends, Gail has earned the ranking of an in-demand national media personality who has been the topic of discussion on Regis and Kelly. The current host of the Philadelphia Visitors Channel, she has also made numerous appearances on network affiliates that include ABC, FOX, CW11, Comcast, and CBS, where she co-hosted the Emmy award-winning America's TVJobNetwork. www.gailkasper.com

 

 

 

 

 

 

 

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What Is Scrubbing And What Does It Have To Do With A Debt Settlement Program?

  Yes, scrubbing is a real term in the settlement industry, and a process that is invaluable to consumers who are enrolled in an effective Debt Settlement Program. It is a process that has been worked out by both settlement programs and effective collection firms which are trying to work in the most efficient manner possible of  finding consumers ready to settle their debts.

 So, are there advantages to list scrubbing? And, if so, what might they be to you the consumer? There are definitely advantages, because it takes out of the equation the adversarial aspect of debt settlement. How so? Here is a simplified excplanation. The debt collector has purchased as a debt buyer, a large amount of debt from a particular creditor. Lets say that creditor XY credit card company has old debt which the consumer has not made payments on in 8 months. So the debt collector approaches the creditor to purchase the debt at a discount of lets say 25%. So, the collector is willing to pay 750.00 dollars for every 1000.00 dollars of debt.

 Why would the bank or original debt holder be willing to sell the debt for less than its face value? Yes, excellent question, please allow me to answer. The bank or original creditor is not able to keep a non performing asset on its books forever. Remember when the banking system almost collapsed? This was one of the problems. Consumers were beginning to default on assets like mortgages, and no one knew about it, or if they did, they had no way to figure out, what the degree of the default was. So, now financial institutions must remove the debt from their books so everyone is clear just what the real value of the stated assets are. The debt buyer is looking to make a profit, nothing more and nothing less. The settlement company is looking to protect its client and get the debt settled for them, the original creditor is looking to get the non performing debt off of its books, so here is why everyone wins. The bank first sells the debt to the collector, then they collect on an insurance policy protecting them from defaults, and claim the difference between the sale amount and the insurance proceeds as a loss on their tax return for that year. The debt buyer or collection company gets an asset they can settle on for a profit, and the consumer gets their needed settlement for less than what they owe, and the debt settlement company looks like the heroes. Avoiding endless litigation, along with the famous debt validation defense. Everybody wins.

 I can tell you firsthand that we receive a large number of calls asking if we can provide companies that are willing to scrub there client list on a monthly basis, in the hopes of getting things resolved.

 I do hope you have enjoyed this article, do fee free to comment, and if you are not presently a subscriber please feel free to visit: Free Credit counseling newsletter, and simply leave your email address. We never share your information.

 If you would like to speak personally to me about your debt issue, feel free to call or email me using the contact information below.

 

 Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
[email protected]
Rated 3rd Nationally
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Gail Kasper's Top 1% Club
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

 

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Reputable Research Shows Most Americans Under Significant Financial Stress—So What Are The Solutions?

 Recent research conducted by Employee Benefit News, which can be found here:
The Employee Benefits News points to the fact that the majority of Americans are under significant financial stress. It is very important to point out that they are not talking about consumer confidence, they are talking about peoples inability to make ends meet.

 If you were able to pay all your bills 4 years ago, and were supplementing your income with occasional credit card use, here and there, then by now you are probably one of the many trying to figure out why you are no longer able to meet your financial obligations, even using credit cards.

 Those seeking credit counseling are all using the same words to describe their situation. Words like, I just don’t understand how I got into this debt situation? Well, I can tell you exactly why, and most likely it really has nothing to do with you. One of the causes is the policy of the Federal Reserve to simply keep printing money and dumping into the US economy in droves. They are printing so much money that the government has stopped publishing the M1 money supply. That is exactly how much money is in circulation at any given time. They do not want to freak you out, is the only way to say it.

 All this printing has led to a devaluation of our currency which is backed by nothing. In other words the dollars you do have simply buy less. Couple this with rising prices, and no raises from the company you work for, this is all part of the new economy, and big trouble is here.

 The solution. There are basically two solutions to this problem. One, you must get rid of your debt, and now. You can do this through a debt management program or debt settlement program. Frankly, if you are missing debt payments, you are better off looking into a settlement program, because it takes into account your loss of buying power.

 The other solution. To make more money. How you ask. I have written about the fact that American Debt Enders has signed onto Billionaire Ed Mercers self empowerment project. Years in the making, it is designed to allow anyone with a good work ethic to change their financial life by working from home. You can listen to Ed Mercer himself explain it by visiting: Ed Mercer Opportunitity

 This project does not require any special skills or training to succeed at. Additionally, you will be personally mentored by Ed himself, and his team to success. If this is something you think you may be interested in, please feel free to contact me using the contact information below. I will be happy to speak to you about debt or Ed’s program, and if you like I will even put you on the phone with Ed himself, no recording, and have him explain this opportunity.

 If you enjoyed this article please subscribe to our Newsletter at www.freecreditcounselingblog.com and simply leaving your email address.

 FREE Counseling numbers below.

 Free Credit Counseling---       877-766-2465

Student Loan Consolidation---877-766-2465

Free Ch-7 Bankruptcy Counseling-- 516-204-4640 (National Number)

Credit Restoration Counseling-888-586-2661 Inc.FREE  Credit Report Review

Each of these numbers provides Free Counseling.

Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
Rated 3rd Nationally
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Gail Kasper's Top 1% Club
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

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Bill to Amend FDCPA for Attorneys Introduced in U.S. House (Bad News For Consumers In Debt)

 

  Inside Arm the newsletter for the debt collection industry recently reported that a revision to the Fair Debt Collection Practices Act was introduced into congress. Introduced by North Carolina Republican Walter Jones, Jr. a republican no less, as  H.R.6706 — the Fair Debt Collection Practices Technical Correction Act of 2012 –was introduced on December 27, 2012. Since Mr. Jones was just reelected, and it is too late to vote on he bill for the outgoing congress of 2012, no doubt he has plenty of time to re introduce it in 2013.

 This bill, in my humble opinion, is really bad news for consumers. Here is why in a nutshell. It completely re defines use of the word debt collector. Previously, only original creditors were exempted from the consumer protective provisions of this act. Meaning, they could freely call you, and harass you, and were also exempt from all its other provisions. This bill however, will treat Attorneys and their firms when acting as debt collectors to be treated just like the original creditor.  That means the tactics of debt validation, constant calls are now on there side, and would no longer offer protections to the consumer.

Here is the exact redefining language:

The term (debt collector) does not include –

(F) any law firm or licensed attorney–

(i) serving, filing, or conveying formal legal pleadings, discovery requests, or other documents pursuant to the applicable rules of civil procedure; or

(ii) communicating in, or at the direction of, a court of law or in depositions or settlement conferences, in connection with a pending legal action to collect a debt on behalf of a client; and…

 This is good news for debt settlement programs offered by legitimate law firms, who will be the only ones left standing t offer the necessary protections to any consumer suffering serious debt problems. And that will be many more consumers as our dollar continues to lose buying power. The full text of this article can be viewed here: http://www.insidearm.com/daily/collection-laws-regulations/collection-laws-and-regulations/bill-to-amend-fdcpa-for-attorneys-introduced-in-u-s-house/?utm_source=WhatCountsEmail&utm_medium=2012%20Insider%20Daily%20and%20Weekender&utm_campaign=ARM%20insider%20-%201-3-13&_wcsid=0F13D47E3C6910F6CB50A88E434C7C1BD3D7CA1904B4C94B38801CF9AE393D2B

 So, if you are dealing with a debt problem, and going forward think you can slow things down by asking for debt validation, ad filing suits for creditor harassment, let this be a word to the wise.

 The ADE FREE Debt Help Phone Numbers:

Free Credit Counseling---        877-766-2465 

Student Loan Consolidation--- 877-766-2465 

Free Bankruptcy Counseling--  516-204-4640  (National Number)

Credit Restoration Counseling-888-586-2661 Inc. Credit Report Review

Each of these numbers provides Free Counseling.

 

Yours Truly

Steven Ciantro
[email protected]
Consumer Advocate
American Debt Enders
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Gail Kasper's Top 1% Club 
877-766-2465

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Tight On Money? Prepare Now, Don't Get Caught Short In 2013

 I am afraid that 2013 will be bringing us more of the same economic news that we heard in 2012, and that would be the best case. Unfortunately, the economic signs have yet to point to any improvement. I heard a billionaire by the name of Ed Mercer speak not long ago, and he made the following statement: “I never yet saw a recession I felt I wanted to participate in.” You might be saying, “Sure, how easy is that to say when you are a billionaire, or just extremely successful?” The fact of the matter is, no matter your situation, you must not allow yourself to be blown around by circumstances that are beyond your control. It is a mindset— turning lemons into lemonade—that will determine your outcome, not external circumstances.

 Note: While as of this writing we are not in a technical recession, I use the term because when you are trying to make a conservative budget work, it feels like you are in a recession. Companies that started during recessions include FedEx, Hyatt, Microsoft, and, believe me, many, many more. So, whether you are managing your personal finances, your family’s finances, or your business finances, the same basic rules apply.And you peronally can weather storm and even prosper.

 The Basic Premise Is to Lay Out an Operating Plan for Going Forward.

 1-Budget. This is the most important thing you can do anytime to keep your finances under control. Does the fact that the US government has been operating without a budget for the last three years tell you what happens when you neglect this exercise? You can visit How to Budget to learn the basics and download a great spreadsheet to track your income and outgo.

It is absolutely possible to find at least an extra $500 per month on a modest salary by budgeting.

 2-Take an inventory. Are there things that are stationary that are costing you money, maybe even in your sleep? High-wattage light bulbs? Maybe you have two refrigerators—do you absolutely need two of them? Are thermostats on timers? Here is a big one: cable TV. Are you one of those people who simply must have every channel available on cable? If not, you could probably save at least $50 per month by doing an assessment.

3- Driving. Are you driving efficiently? A friend of mine recently pointed out that the relatively new tires on my car looked like they needed air. So, I purchased a tire gauge and, sure enough, they definitely were not meeting the manufacturer’s specs, which can be found on the door panel after you open the door. After the adjustment, the change was dramatic. I went from putting gas in twice a week to only once per week, and I was driving the same distances. You could have knocked me over with a feather at thisutcome. In other words, examine everything.

 4- It is usually important to have emergency credit if your budget is tight. If you use that credit, are you going to be paying more because of a low credit score? You can call 888-586-2661 and get a totally free assessment of your credit report and credit score to see what can be done to raise your score. No obligation—no one will try to sell you anything.

 5-Lastly, if you feel trapped because you are paying high interest rates on a credit card, know that something can be done about that. You can get an absolutely free credit counseling session to address that problem by visiting American Debt Enders. While you cannot get that interest rate lowered, a credit counselor can.

 There you have it. This little action plan can have a dramatic effect on your financial stress level going forward, and is absolutely easy to accomplish.

 Please feel free to contact me directly if you need advice about anything related to debt freedom. The talking is always free.

 Free Credit Counseling---       877-766-2465

Student Loan Consolidation---877-766-2465

Free Ch-7 Bankruptcy Counseling-- 516-204-4640 (National Number)

Credit Restoration Counseling-888-586-2661 Inc.FREE  Credit Report Review

Each of these numbers provides Free Counseling.

 If you enjoyed this article, I encourage you to subscribe to the FREE Credit Counseling Newsletter.

Yours Truly

 Steven Ciantro
[email protected]
Consumer Advocate
American Debt Enders
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Gail Kasper's Top 1% Club 
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

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The Debt Problem In The US Is Caused By The Fact That We No Longer Have Enough Lemonade Stands!

 No doubt this article will date me. Do you remember growing up, I grew up in Brooklyn, and having your own business at the age of 10 or so? I do, and very well. It was a lemonade business. And I did my first one as a partnership with another like minded young entrepreneur.

 Of course, who has money to invest at that young age but a very few. So we went out and scouted a good location, which was right across the street from a construction location. Lots of thirsty workers at that location that summer. I think we might have even interviewed some of the workers and asked if they would buy our lemonade.

 So, we spoke to the parents to try to obtain some seed money to get this venture going. While the parents did not have a great deal of business savvy, they were smrt enough not to saddle us with heavy regulations. We were successful at presenting our business plan, and each of us got enough money to purchase the raw product, and the parents donated a big jug or two  from which to dispense the lemonade. We made signs, bought paper cups, and really had a well thought out operation.

 Was the venture successful? You bet it was. We could not believe how much money we were making. The company lasted about two weeks, then we paid back the parents, and split the profits. Glorious indeed,and what an outstanding education. And we noticed that the venture really made us feel good about ourselves.

 Please indulge me, and lets fast forward to today. The young people start a lemonade stand and the police show up asking for permits. No permits, no lemonade stand. Couple that with the fact that you rarely even see young people selling lemonade any more. The following is simply an innocent question,do you think President Obama ever owned a lemonade stand? I wonder how many from either party ever had a lemonade stand business experience? When I say business experience, I am not speaking about living on a trust fund set up by mommy and daddy. I am speaking about real in the trenches stuff. Are you getting the picture here? We have been sold a bill of goods, micro economics, macro economics, how about these common sense economics. If you spend more than you take in, not talking about the early days of a business venture, you will go bankrupt. If the treasury continues to print money into circulation at to fast a rate, we, as a country will go bankrupt, the money you make will be worth less and less. That is actually what real inflation is. It is not prices going up, it is the value of your money going down, which is exactly what is happening. So, what can you as an individual do to protect yourself. You can make more money, that’s number one, or you can insure you get yourself debt free. Just visit the American Debt Enders website, we can help you do both.

 If you would like to subscribe to this free  newsletter, simply visit: www.freecreditcounselingblog.com

 If you would like to know more about how to settle your debts for less, or any other type of structured debt relief program simply call us, or visit the website. The counseling is always free.

 The ADE Debt Relief Phone Numbers

Free Credit Counseling---         877-766-2465  

Student Loan Consolidation---855-794-3425

Free Ch 7 Bankruptcy Counseling--   516-204-4640   (National Number)

Credit Restoration Counseling-888-586-2661 Inc. Credit Report Review
Each of these numbers provides Free Counseling.

Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Gail Kasper's Top 1% Club 
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

 

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Some Banks No Longer Providing Debt Management Program Interest Relief

 As of immediately, Chase bank has gone from being one of the best credit cards to have in a debt management program, to no longer being willing to provide interest relief and payment relief to some consumers who are struggling.

 How significant is this. Well, you tell me. Chase was allowing consumers to pay back their credit card balances at a new interest rate of 6% in the program. Of course the credit card had to be closed. But still, 6% when many consumers were struggling with 29.9% was quite a dramatic change in the interest. Chase even had a hardship program in which they gave consumers a new rate of 2%, and a new monthly payment of 1.8% of the current balance. I cannot at this moment tell you exactly why Chase has decided to make the move, but in this new economy they have decided it was a step they needed to take for profitability or is it some compliance issue related to some debt managemen programs. Even though I have often written that the banks are not your friend, they are in business to make money.

 So what else is new in these debt relief programs.
Sun Trust Bank also has a new policy, and it is that
Any account that is past due CANNOT be enrolled into the Debt Management Program until 3 consecutive minimum payments are made to bring account up to date. Only then will they be eligible to be enrolled into the program.

 How about the new Fingerhut Credit Card Help Policy:
If a client has ever been dropped from a program the client
will never be eligible to be set up on any Debt Management Program again. Somewhat harsh don’t you think?

 If your credit card is on a promotional interest rate it will not be eligible to be enrolled in a credit card debt relief program until the promotional interest rate expires. So, be very careful about transferring balances. Something I have never been a fan of because it  really just prolongs the debt cycle.

 So, in this ever changing world it is becoming increasingly clear that banks are adjusting to the new regulations and adjusting at the expense of the consumer to regain profitability.

Here is the bottom line. If you are carrying significant debt, now is not a time to sit back and just accept it. You must be proactive to dump your debt. Because who knows how much longer these programs will remain viable.

 If you would like to talk about options, simply visit
American Debt Enders. We are rated #3 nationally and without a single complaint, and driven to help you get out of debt.

 You can subscribe to this FREE newsletter, by visiting Free Credit Counseling.

 Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Gail Kasper's Top 1% Club 
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

 

 

 

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