How to Settle Credit Card Debt, Raise Your Self-Esteem & Be-Friend A Creditor

or at least keep the peace with your creditors!

Taking Charge of Your Debt Makes You A Leader. . .

Debt is the norm. And what is normal? Normal is conforming to mediocrity. It is easy to justify credit card use when everyone else is doing it. As Earl Nightingale says, don’t play follow the follower. Ask yourself why you are doing something. Does it benefit you? Will it truly enhance the quality of your life?

If you are experiencing hardships and can’t pay off your debt, learning to settle credit card debt may be the best option for you.

Facing Debt Increases Your Intelligence …

Your education should never end. As you settle credit card debt, you will find the perfect opportunity to gain knowledge and put into practice new skills. It is important for you to learn how to peacefully negotiate with creditors and not give all your money over to a debt settlement company who may or may not solve your debt problem. And remember, prevention is easier (and cheaper!) than the cure–learn how to save and spend money wisely now. Get to the root of the problem, so you do not repeat the debt cycle.

High Debt = Low Self-Esteem.

Every time you don’t keep an agreement, you lessen your self-esteem. You begin to believe you are untrustworthy. This belief makes it difficult to live with yourself. Every time you purchase an item on a credit card, you are making a promise to the credit card company, as well as yourself, that you will pay for that item in full. And every time you break that promise you feel a little worse about yourself.

However, if you are experiencing a hardship and are under a mound of debt, you may find debt settlement to be your best option. Learning to settle the debt yourself is pro-active and you deserve a major self-esteem boost for that!

When you settle credit card debt, you take steps towards keeping the best agreement you can, due to your circumstances, with your creditors and yourself. As soon as you make the first step, you will feel relief and a stronger sense of self. Each small step is a measurable success that will build and build until you have a momentum of success occurring in your life.

Remember, you want to settle credit card debt for yourself! It is necessary for you to deal with your creditors directly and explain your situation. Going through this process will also help in the prevention of future credit card debt. Learning from your mistakes transforms them into treasures!

Now, Settle that Credit Card Debt!

2SettleMyDebt is a much-needed resource if you want to learn how to settle credit card debt yourself instead of using an expensive & potentially ineffective debt settlement company. If you need to learn your consumer rights and how to negotiate with creditors peacefully, go ahead and visit 2SettleMyDebt so you can take immediate action over your life and feel immediate relief.

Congratulations on taking charge of your finances. Visit 2SettleMyDebt and read the blog for great tips!

3 Crucial Lessons Lafayette from True Blood Can Teach You About Getting Out of Debt

Photo Credit: watchwithkristin

Getting your finances in order doesn’t have to be serious and tedious. Why not have some fun and learn a thing or two from True Blood’s Lafayette?

What Lafayette Can Teach You Now. . .

  • Lafayette has an eye for opportunity. He saw a demand for “V” and used it to his advantage. Now, of course, dealing vampire blood eventually turned out rather bad for Lafayette, but there is something to learn here. Keep your eyes open for any (moral and legal) ways to make extra cash. If you can play piano, offer lessons. If you love animals, dog sit when your neighbors go on vacation. All extra cash will go towards paying off your debt. You’ll be debt-free before you know it.
  • Lafayette is honest and brave. Lafayette does not hide his unique fashion-sense or his sexuality. And one would surely be tempted to in a small town where customers of the restaurant you work in think the food you make has AIDS. But Lafayette knows who he is and stands up for himself. When it comes to getting out of debt, bravery and honesty is a must. You have to take an honest look at how you spend your money and you have to be brave enough to live your life for you. Don’t spend your money on trends and fads. Spend your money on truly enhancing your life and paying off your debt. This is an opportunity to be selfish. . . and come out better for it!
  • Lafayette is solution-oriented not problem-oriented. When Tara was suicidal and cried out for her mother, Lafayette put his hard feelings for Lettie Mae aside and gave her a call. Of course, this didn’t end up the way Lafayette wanted (Lettie Mae was still crazy and Tara was still suicidal), but he put his ego aside in an attempt to do the right thing. That is what being solution-oriented is all about–putting your ego aside. There will be many times when you will have to choose what you need to do over what you want to do. Don’t worry though, you will reward yourself with more money and less debt.

Now, give yourself a treat – watch Lafayette and get out of debt!

Debt Consolidation Loans for Bad Credit

Debt Consolidation Loans for Bad CreditThere are a number of seemingly undamaging financial behaviors that may put you at a credit disadvantage. The decision to whether you secure your financing option as well as the corresponding interest rate assignment is simply based on two important factors, your credit score and the details that are listed in your credit report. As per recent financial studies of Equifax Inc., the average US credit score increased to 695 in the month of May, 2011, the highest since the last 4 years. The ratio between the consumer debt payments to monthly incomes is the lowest since the year 1994 and debt delinquencies have fallen 32% since 2009, as per the data of the Federal Reserve. With the soaring debt burden and the unemployment rate, debt consolidationloans for bad credit are gaining importance though there has been drastic fall in the number of delinquencies.

Though the financial situation of the household sector has improved faster, yet there is a class of people who are being turned down on traditional loan offers due to exceptionally low credit score. As jobs are hard to find in today’s economy, an increasingly large number of people are defaulting on their loans as they’re falling short of funds. If you have an overwhelmingly large amount of debt burden and you’re looking for debt consolidation options, you can certainly take out debt consolidation loans for bad credit. Read on to know some mandatory steps to go through before taking the plunge.

  • Research your options: Though it needs no mention that there is a plethora of options to choose from, yet most people fail to inquire a number of companies before selecting a particular bad credit debt consolidation loan. Loan offers from different financial establishments will offer you different rates and therefore comparison shopping and research is mandatory before initiating the entire process.
  • Don’t believe in the headlines: There are some lenders who offer a flat rate to their client debtors. Though you may rush to get the quote that has been advertised in the newspaper, you must not always believe blindly in them. Most rates of such lenders may vary according to the projected risk of the debtor.
  • Check the interest rates: When you go for debt consolidation loans for bad credit, you can be sure about the sky-high interest rates. The interest rates on the loans are usually determined in accordance with the risk that you pose to the lender. Since you already have a tarnished credit score, you’re at a disadvantage and thus you’ll have to pay high rates on the loan. However, shopping around can still help you lower the rates on the loan as you can choose the lowest rate after checking out all the offers.
  • Check the redemption penalties on the loan: While taking out debt consolidation loans for bad credit, you must also check the redemption penalties. There might be some fees that you have to pay of you redeem the debt consolidation loan before the stipulated date.
  • Read the fine print: You must always read the fine print of the loan that you’re taking out. This is the only way to assure that you’re prepared for any worse situations while repaying the loan. Get to know what happens if you default on a payment or pay off the loan earlier.

With the present financial situation, almost everyone is resorting to loans to fulfill their dreams. But at times, when you apply for a debt consolidation loan, the lender might reject due to credit related problems. You may resort to debt consolidation loans for bad credit after checking the above mentioned options.

Personal Finance Merit Badge

We’ve mentioned teaching your kids about money before here on Financial Planing & Budgeting, but we were a little surprised to see that some kids may know more than adults about money. How, you ask? It turns out that in order to become an Eagle Scout when you’re a young boy scout, you have to get something call a Personal Management Merit Badge, which, is mostly a Personal Finance Merit Badge. This may seem like a bit of a joke, but the requirements taught are important financial lessons that anyone should learn. You may want to see if you can go back and earn your own personal finance merit badge.

How To Earn a Personal Finance Merit Badge

1. Learn The Difference in Savings and Investing

This may not seem like an important distinction, and while both are beneficial, it’s important to know what your money is doing. You can save and save a lot, but to invest is to increase, with the knowledge of risk. You should know how to define interest and compound interest and how to measure your return on investment and the risk of that investment.

2. Learn How to Choose Publicly Traded Stocks

To gain your Personal Finance Merit Badge, you can practice by picking five publicly traded stocks from the business section of the newspaper or online. Take note of the current price, the difference of the price from the day before and the 52-week high and low prices. This may seem Greek to you, but it should just be motivation to find out what all of this means and get involved in trading stocks for profit.

3. Learn Different Ways to Save and Invest

If you have enough money to save or invest, look into each of these options and learn all you can about each:

  • Common stocks
  • Mutual funds
  • Life insurance
  • A certificate of deposit (CD)
  • A savings account or U.S. savings bond

4. Learn How to Effectively Borrow Money

Personal Finance Merit BadgeBorrowing money can be a really good thing, or a really … really bad thing. To get your Personal Finance Merit Badge, you need to learn what a loan is, what interest is and what the annual percentage rate (APR) is for a loan and what that means. Learn all you can about credit cards and charge cards and the best way to pay them off. And, last but not least, learn the best way to pay off debt.

I think we can all agree, learning these skills at a young age would’ve been very helpful and are helpful to those who are still young and have the chance to gain such financial knowledge. However, just because it’s something a boy scout would do, shouldn’t stop you from learn all you can and improving your financial knowledge and situation.

For an indepth look at what goes into earning a Personal Management Merit badge, visit here: Personal Management Merit Badge.

You can also download the Personal Management Merit Badge Worksheet here: Worksheet.

Personal Budgeting Tips – The 3 Most Powerful Methods to Radically Change You & Your Finances

The #1 Most Important Thing You Have to Do Now!

There is no getting around it. You must sit down and take a look at your finances. There is great freedom in doing this. Looking at your finances places you in the Captain’s chair. You are steering this boat now, not your emotions.

There are some out-dated beliefs and heavy emotions that might trip you while making this important first step, so here is a breakdown of the steps you can easily take now to change your finances.

Continue reading “Personal Budgeting Tips – The 3 Most Powerful Methods to Radically Change You & Your Finances”

Living Debt Free–How to Peacefully Settle Your Debt Now!

Face Your Debt–It Is The ONLY Way Out!

It sounds scarier than it is. In actuality, the act of avoiding your debt is what makes it so difficult. When you face something, the fear moves on and productivity takes its place. It is time to take a look at your debt so that you can move on with your life.

Congratulations, you have done the hardest part!

Now its the fun part. You get to take action and watch your life change. Your confidence will dramatically increase. You will discover a side to yourself that you always wanted, but didn’t know you had.

As soon as you decide to change something in your life, you will begin to notice opportunities everywhere. It is as if the universe heard you loud and clear and is setting a path before you.

Remember, you will make mistakes!

You will hit a few bumps in the road. This does not matter. All that matters is that you keep moving forward with your plan. The top financial experts were in financial ruin at one point ( just check out Jean Chatzky’sDave Ramsey‘s, or Suze Orman’s story). You learn the most from mistakes!

Also, don’t overvalue the past or the future. If you focus too much on the past, you will feel regret. Simply learn from the past and move your focus back to what you can do now. If you focus too much on the future, you will feel anxiety. Simply see the future as an adventure you will experience with the knowledge you are learning now.  The future also becomes a dumping ground for what you are too scared or too lazy to do now. Your power to take action to change your life exists now.

Make a Plan.

The second step in your plan (you already accomplished the first step by facing your debt) is to get help. Isolation is not going to get you anywhere. This is very important. You got yourself in this mess and you can certainly get yourself out of this mess, but you must change some beliefs and learn some new tools to do so.

This plan to get out of debt does not need to consume your life. Take small actions regularly and you will make a lot of headway.

Once you get help, you will learn all the steps you need to take. That is the beauty of reaching out. You do not have to do this alone. . . and you shouldn’t!

Getting Help. . .The Easy Way!

This is a great time to live in. Getting help for any issue is literally just a click away. There is no reason to live a life full of debt. And now is the time to move forward with your getting out of debt plan.

Live by these words and you will do well: “Putting off an easy thing makes it hard. Putting off a hard thing makes it impossible.” G.C. Lorimer

Don’t make this into a problem. This is a challenge that will increase your knowledge and confidence. Make getting out of debt your next success story!

Overcome Debt Once and For All.

Depending on your situation, there are several ways to get out of debt.

  • Cut back on expenses and start paying off that debt.
  • Consolidate debt to a credit card with low-interest and low balance transfer charges. And remember to always pay more than the minimum balance.
  • As a last option, settle credit card debt yourself.

If you find yourself in a hardship where you need to reduce or settle your debt as soon as possible, is the best online resource to give you the tools, knowledge, and material you need now.

For a more complete plan on how to settle your debt, visit

How 2SettleMyDebt Can Help You. . .

  • Learn how to settle your debt yourself with help from 2SettleMyDebt. This saves you  from hiring an expensive and ineffective debt settlement company.
  • Get tools, knowledge, and materials (including an e-book) to successfully reduce or settle your debt. These easy steps can be taken now.
  • Browse the Web site for informative and useful articles and tips on how to settle your debt, reduce your debt. This great site offers essential budgeting tips–just read the blog. All this education will give you the power you need to settle your debt.
  • Learn to avoid future debt problems by reading the blog. Prevention is easier and cheaper than the cure. New skills = New life.
  • Learn how to look out for your best interests and interact peacefully with your creditors. This will reduce stress in your life knowing you can openly communicate with your creditors.

Start learning now how to settle your debt! Visit 2SettleMyDebt now!