Negotiate Debts, Frugal Living, Save Money

Simple Funny Explanation of the Subprime Mess

Have you heard about the subprime mortgage mess but don’t really understand what all the fuss is about?  Ned at Mortgage Lending Made Simple has posted a really funny look at how we got into the Subprime Mortgage mess.   It’s simple enough that even I could understand it, check it out at  A Subprime Primer.

Negotiating Debt Settlement With a Collection Agency

by Martin Kingsley
Most collection agencies buy packages of loans that are in default for pennies on the dollar. They are bound by a different set of rules than the original creditor and there are differences in the way that you should negotiate with them. The first step is to have them validate [...]

Interesting Call With NCO Financial Systems

So NCO called again tonight regarding my Capital One account. According to my Caller ID, they begin calling at 7:25 in the morning and their last call of the evening is about 8:55. Usually when I pick up the phone, there is no one there even if I wait a second or two. [...]

Snowflake Revolution

If you have read the Carnival of Debt Reduction, you will have noted that I’ve Paid for this Twice Already is starting a Snowflake Revolution. This is a group of websites that Snowflake their debts away.  If you would like to learn more about snowflaking, you will want to check out the Snowflaking [...]

Are You Being Hassled By Collection Agencies?

by rick
If you are being harrassed by collection agencies, there are a few things you need to know to fight back. How do you know whether to make a payment to the original creditor or to the collection agency? How do you know whether they even have the right to collect [...]

Welcome Entrecard and Sunday Morning Link Love

First, I’d like to thank all of the EntreCard folks for dropping by my blog, drop a card and leave a comment to say hi. If you aren’t familiar with EC, you might notice the Entrecard widget in my sidebar. Entrecard is a great way to promote your blog. It allows you [...]

Sample Debt Settlement Offer Letter

by natashalcd
 
Your Name
Your Address
Your Phone number
 
Date

Creditor Name
Creditor Address

RE: Collections Letter dated __________on Account #_________________

Dear Sirs,

Due to ___________________________, I have been unable to make payments on my account with you. In order to save [...]

Negotiating Debt Settlement with Original Creditors

by davescunningplan
The original creditor is the company where you opened the account. If your account is 90-120 days overdue, you are probably dealing with them. If your account is over 120 days in default, you may likely be dealing with a collection agency. The laws and rules are different for them.
First [...]

Frugal Recipes: Hamburger Stroganoff

by Shasta MacNasty
This is another one of the family favorites. My mother used to cook it when I was a child and it was one of the best meals we ate. When I made it, my kids and their friends always come back for seconds. Now when I make it, I [...]

Top 5 Reasons Why You Should Not Budget Like the President

by MC MasterChef
 
The US Government now has enough debt that it represents $30,000 for every man woman and child in the US. I can’t remember where I read this statistic but it floored me. It’s hard for me to visualize a trillion dollars (How many zeros is that?) but $30,000 is [...]

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