Browsing: Maine

Is debt preventing you from achieving financial freedom? Do you wish to avoid bankruptcy to get out of debt? You may need to settle your debts to become debt-free. The advantage of this method is that you can pay off the most urgent debts for a lower amount than you originally owed. To use debt settlement effectively, you should understand what percentage of the outstanding debt creditors will accept and hone your negotiation skills. The other option is to hire a debt settlement company to communicate with creditors or collectors on your behalf and recommend the best deal. The following…

It can be tempting to ignore debts we cannot pay or believe we do not owe, especially when a debt collector is aggressive. However, this will not disappear the debt and may even worsen the situation. It’s important to face our obligations, even though it may be difficult, to resolve the problem. The legal system can be complex and confusing, especially regarding debt. Ignoring a debt might seem the most straightforward solution; however, doing so can land you in hot water. You could be sued by a debt collector and end up in court. Knowing your rights and how to…

Debt consolidation in Maine can be a helpful solution for many families who are struggling with their finances. Unemployment, fluctuations in the housing market, and other factors can all contribute to mounting debts that seem impossible to overcome. However, by working with a professional credit counseling service, you can develop a plan to get your debts under control and begin rebuilding your financial future. Maine residents have some of the highest levels of debt in the nation. The average cardholder uses over 32% of their available limit – which is bad for your score. And 6 out of 100 residents…