For those that are leaving this site without supporting it in any way, example: clicking a link, buying an e-book or donating. Could you please email me at michelles4tcom@yahoo.com with 'Debt Relief' in the subject line, with the reason why? Is there certain information that you are looking for and not finding here? In what ways can I improve this site so that it helps you with your debt management better?

Concerns of consolidation:
In recent years, reports in the media have raised concerns about the use of consolidation loans. The worry is that many people are tempted to consolidate unsecured debt into secured debt, usually secured against their home. Although the monthly payments can often be lower, the total amount repaid is often significantly higher due to the long period of the loan. In some circumstances, snowballing debt may be a better solution.
There are other alternatives to a debt consolidation loan, where unsecured debt is not "shifted" to secured debt, but is eliminated through a settlement or payment plan. Debt consolidation can be confusing for many people, so it is helpful to learn about all of your options, and sometimes with the help of an advisor.

Debt consolidation:
Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.
Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, which is most commonly a house (in this case a mortgage is secured against the house.) The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset in order to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.
Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.
Debt consolidation is often advisable in theory when someone is paying credit card debt. Credit cards can carry a much larger interest rate than even an unsecured loan from a bank. Debtors with property such as a home or car may get a lower rate through a secured loan using their property as collateral. Then the total interest and the total cash flow paid towards the debt is lower allowing the debt to be paid off sooner, incurring less interest. In practice, many people are in credit card debt because they spend more than their income. If that habit continues, the consolidation will not benefit them much because they will simply increase their credit card balances again.
Because of the theoretical advantage that debt consolidation offers a consumer that has high interest debt balances, companies can take advantage of that benefit of refinancing to charge very high fees in the debt consolidation loan. Sometimes these fees are near the state maximum for mortgage fees. In addition, some unscrupulous companies will knowingly wait until a client has backed themselves into a corner and must refinance in order to consolidate and pay off bills that they are behind on the payments. If the client does not refinance they may lose their house, so they are willing to pay any allowable fee to complete the debt consolidation. In some cases the situation is that the client does not have enough time to shop for another lender with lower fees and may not even be fully aware of them. This practice is known as predatory lending. Certainly many, if not most, debt consolidation transactions do not involve predatory lending.

Variations of the debt-snowball method:
Some financial advisors suggest a variation in which the debts are listed in descending order according to the interest rate that is charged. The idea is to reduce the debts that are growing the fastest in order to minimize the total amount of interest paid. Others recommend paying the debts that cause the most worry or stress.
Ultimately, the best choice depends on the situation and outlook of the debtor. Those who are unsure of their ability to stick with the plan may want to pay the smallest debt first, because the thrill of eliminating an entire balance sooner may encourage them to continue. If an interest-free loan from a sibling or parent has gone unpaid for so long that it threatens to destroy a relationship, it would be a logical first choice for repayment.

Using the Debt-snowball method to get debt relief.
The debt-snowball method of debt repayment is a form of debt management that is most often applied to repaying revolving credit such as credit cards. This method is the primary debt-reduction method taught by Dave Ramsey.
The basic steps in the debt snowball:

1. List all debts in ascending order from smallest balance to largest.
2. Commit to pay the minimum payment on every debt.
3. Determine how much extra can be applied towards the smallest debt.
4. Pay the minimum payment plus the extra amount towards that smallest debt until it is paid off.
5. Then, add the old minimum payment from the first debt to the extra amount, and apply the new sum to the second smallest debt.
6. Repeat until all debts are paid in full.

In theory, by the time the final debts are reached, the snowball will be "rolling" quickly as it has picked up a lot of financial mass. Hence, larger debts will be paid off faster.
All retirement contributions are to be halted during the debt snowball, thus freeing up more money to pay down the debt snowball. Many dispute this practice, citing the cost of compounding interest to be greater than the gains of paying off debt. Some comprimise by reducing retirement contributions to only what a company will match with an employee. Ramsey teaches that this halting of retirement contributions should last no more than two years.
A first home mortgage is not generally included in the debt snowball, but is instead paid off as part of one's larger financial plan.

I am a single mother trying to raise my son on low income while dealing with serious health problems. I provide childcare for 5 kids but my hours were recently reduced. I have been looking for something that I could use to help support my son and help others at the same time.

This is it. I want to help you get rid of your credit card debt, IRS debt, etc. In my effort to help you I hope that you won't mind helping us a little. This site is monetized by Google Adsense (the links at the top and top right sidebar) as well as great e-books through clickbank and a donation button is coming. I sincerely thank you for any and all help.

The cost of everything's going up, incomes are staying the same or even disappearing altogether. It is extremely difficult for some families to get by. They find themselves deeper in the black hole of debt that they feel that they can never crawl out of.I am here to change that. I want to help you.

Here is help to get debt relief. The links will help you- be sure to check them out.

Get debt relief-

1.Develope a Budget:

Assess how much money you earn and how much you spendList "fixed" expenses such as car payments, insurance premiums, mortgage ( or rent) payments List "Varying" expenses such as recreation, clothing, entertainment, food expenses, etc.Identify necessary expenses. Prioritize the rest.

Some good places to make cut backs are in your recreation, clothing and entertainment budgets. Many times in our goal to get debt relief we find that some of the items we feel we must have we can actually do without or cut back on.

To reach your goal and get debt relief you must find a way to make ends meet. You can manage this by bringing in more money, cutting back on what you spend or a combination of the two.Be sure to always have enough to cover the basics such as heat, lights, food, car insurance, mortgage, rent payments, etc.

2. Contact Those You Owe Debt To:

Be sure to let them know as soon as you start having trouble. Try to work out a modified payment plan so that you have a lower payment that you can pay.

3.Get Debt Relief Without Harassment:

A federal law called the Fair Debt Collection Practices Act dictates when and how any debt retreival specialist may contact you.They may not call you before 8 am, after 9 pm, nor should they call you at work.


If you have credit card debt you can get rid of a lot of the credit card debt yourself if you know what to do. There are great e-books in the links to the right for this and there is a wonderful ebook that tells how you can legally get rid of 90% of your IRS debt. This could save you THOUSANDS! Take a l@@k.