Category Archives: Debt Management

Bad Credit Computer Financing Options

Computers are great communication tools apart from, being the best and the most advanced educational and informational electronic equipment. It can even be used for various forms leisure and social networking where you get to know and meet new and old friends. These are just few of the many reasons why computers are regarded as a necessity in most homes but in everyone’s home. Why? Simply because, they are expensive to purchase upfront most especially for those who buy computer bad credit. People with bad credit find it difficult to get one because they don’t have credit cards, they cannot easily get a loan and they cannot qualify to some forms of computer financing offered by manufacturers and retailers.

Computer Bad Credit Financing Options

 Computer Loans Bad Credit – If there are payday loans and personal loans that can be used for specific purposes, there are computer loans which are especially designed for the purpose of computer purchase and financing. These are loans that you can get from many lenders online who are providing for bad credit computer loan services. These lenders would allow you to get a computer loan from, $1000 to $10000m, enough to make a computer purchase and you will usually] be given a 5 – year repayment term regardless of your credit situation. Computer loan financing is worth considering because aside from the long repayment term, it also has low interest rate so it will be affordable to pay over time.

 Manufacturer Financing – This form of financing is available from computer manufacturers. All you have to do is to go to their store and ask for their available computer bad credit financing services. Some will conduct credit check and would require you to have a good credit before you can get the service but there are some companies who wouldn’t care at all for as long as you are currently employed and you have means to pay for the monthly financing fees.

Securing a mortgage with bad credit

Low interest rates combined with falling housing prices make this the ideal time to purchase a home. If you have a poor credit history, you may be wondering if you will ever qualify for a mortgage. Fortunately, there are many options still available to you to purchase a home despite less than perfect credit.

Mortgages for people with bad credit are available, but applicants must prepare before attempting to secure a mortgage. First, assess your credit profile by reviewing copies of your credit report from all reporting agencies. Take note of any incorrect information and request that the information be corrected or removed by writing to the agency in question. Second, begin to prepare for your purchase by carefully determining how much you can afford to pay for a house. You must save 20% of the purchase price for a down payment, in addition to fees for closing costs and other expenses. Third, you should seek the services of a quality buyers agent who will guide you through the process of purchasing a home. Even if you have bought a home before, a buyers agent can serve as an invaluable resource for finding available properties within your price range and in negotiations with sellers. When you have completed these steps, you are on your way to getting a mortgage at a rate you can afford.

If you cannot find a traditional mortgage, you may be able to get a mortgage from private money lenders. Although these lenders generally concentrate on commercial and residential development projects, they also make loans to people seeking financing for a home purchase or refinancing. When you are seeking a mortgage with less than perfect credit, the important thing to do is to be prepared and open-minded. With a great deal of perseverance and patience, you can get a mortgage with bad credit.

Avoiding Scams on Your Way to Freedom from Debt

Even if you are burdened with debts, you should not lose your focus and get lured by fraudulent debt reduction agencies. If you want to settle your debts through the help of an agency, make sure that you only deal with a legitimate company. Well, debt settlement scams are not new in the market. There are lots of unscrupulous people who are taking advantage of other people’s misfortune. When you need debt help, careful planning and research are necessary because your future is at stake.

These are some tips to help you get rid of debts without getting duped by settlement scams.

  1. Ask your creditors for some advice – At the onset of your financial hardships, it is a good idea to talk to your creditors and inform them about your current situation. Lenders or credit card providers usually have amnesty programs for their customers who are facing financial troubles. As long as you agree to pay your debts at a given term, there is not much to worry.
  2. Have a lifestyle shift – It is understandable to have debts if you just lost your job or you had some medical bills to pay off. However, if you acquired debts just because of your non-stop shopping spree and expensive vacations then you need to change your lifestyle as soon as possible. Maintaining an affluent lifestyle and spending more than what you afford can result to overspending and debts. So, if you want to get rid of your debts, start living a simple life.
  3. Do some extra work – If you have skills like graphic design, bookkeeping and writing, why not offer your services? There are lots of job portals that allow you to search and apply for part-time and freelance work. The pay is also good, so your earnings from these side jobs can be used to pay your debts or buy the things that you want.
  4. Research for a legitimate and reputable debt relief agency – If you are in serious debt and your only option is to get help from debt relief agencies then invest time to conduct a thorough research. Make it a point to sign up for a company that has been in the industry for more than five years and has no records involving scams.

Having huge debts can really cause pressure but it is not enough for you to lose your focus and determination. These financial problems should not push you to make silly decisions such as falling for debt settlement scams and other unlawful activities as they will only make your situation worse.

Freedom Debt Management Can Help You

Many people these days are struggling with the problem of debt in varying degrees, and for some it is quite a huge burden. Whether large or small amounts of debt, almost everyone has some, and it can be very hard to get out of debt and stay out. Consumers are offered some much needed help at the Freedom Debt Management website found at www.freedomdm.org.

Those struggling with their monthly bills will be very happy to know that the website provides their services free of charge. Fees are charged by most debt consultants and debt consolidation companies, and this just adds to the problems their clients already have. It seems to be an easy choice to turn to a not for profit organization that provides the same service, but free to the client.

At Freedom Debt management, clients will find different areas of help from debt consolidation to budget counseling, and a free online evaluation of their debt. Diagnosis of individual’s and couples’ problems with debt and money management is only a computer click away. The debt management consultants you will find on this website can offer help rather quickly after they get the results of the debt evaluation, and will be able to find the solution that is most appropriate for you. A tool on the website allows input of total debt amount and interest rate to calculate what the debt actually will cost by the time it is repaid. That amount is rarely made clear when the person is applying for the credit in the first place.

A wealth of information is available on the website, as well, on the Fair Debt Practices Act, and will educate people on their rights, and what their creditors can and cannot do in the attempt to collect a debt. This information can help people put an end to unnecessary harassment from finance companies, credit card companies or banks.