Q & A: How to Organise an Effective Debt Repayment Plan?

At some point, most businesses will come to the stage in debt collecting that a debt could be collected only by accepting installment payments.

If you are serious about collecting your debt, you need to re-negotiate the payment agreement and set up a valid debt repayment plan.

Many people asked me about the essentials of a good debt repayment plan. Continue reading

Debt Management: Debt Settlement a SCAM?

Have a look at this interesting video about how to get out of debt.  In this case it is Credit Card Debt, but the same kind of dilemma is involved in any other kind of financial debt out there.

httpv://www.youtube.com/watch?v=jS43XFa3KGU

Suze Orman is a well known and highly respected financial advisor.  She knows MONEY.

In this video she is talking about getting you a financial first aid!  When you get yourself in a situation of financial exhaustion, the first step is to get some oxygen (some breathing time given by debt specialists / agencies).

Getting debt agencies or other 3rd party financial specialists to help you is your first aid ONLY ! Continue reading