Debt Validation is a process of someone challenging a debt collector (collection agency or attorney) to provide written proof of the debt.

Why You Should Care About Debt Validation?

Have you ever wondered why a collection agency is legally allowed to collect your debt on behalf of the original creditor? Think of it in these terms: Even if you knew you owed Frank (original creditor) some money, and Tony (collection agency) came up to you and asked for Frank’s money – would you just hand over the cash? No. No one would. Think of this: how do you know that Tony is actually collecting for Frank? What legal documents does Tony have to prove that he is legally authorized to collect? And, are the fees and interest amounts accurate? How would Tony know?

Every time a debt turns into a collection it hurts your credit. Collection agencies like Tony don’t just handle a few debts; they deal with portfolios or bunches of accounts, which leads to lots of mistakes. And don’t think for one second that all the Tonys out their care about the consumer’s best interest. Collection agencies are notorious for collecting debts that have already been paid, debts that may not even be yours, and debts that are past the statute of limitations. Their focus is simply on collecting money from you. After all, that’s what they are getting paid for.

So What Should You Do?

So now that you see why Debt Validation is so important, you should act on the opportunity to get your debt validated. Don’t let the Tonys take what is yours without proper cause. The Sub Prime Credit Store has an amazing debt validation service, not to mention the 13 other services for you to build, repair, and maintain your credit and entire financial life. So don’t get taken advantage of. Take this opportunity.

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Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

If you don’t have enough money to do everything you would like to do, then you can use this planning process to prioritize your spending and focus your money on the things that are most important to you. Here are some reasons you should be more focused on your personal budget and how it effects your life!

1. Keeping Your Eye On The Prize

Budget planning isn’t just going to help you in the short term, it will help you figure out and achieve your long term goals. A budget helps you figure out your long-term goals and work towards them. If you just drift aimlessly through life, tossing your money at every pretty, shiny object that happens catch your eye, how will you ever save up enough money to buy a car, take that trip to Aruba or put a down payment on a house?

2. Keeps You From Spending Money You Don’t Have

Far too many consumers spend money they don’t have and we can owe a lot of it to credit cards. As a matter of fact, the average credit card debt per household reached $8,329 in 2008, according to an April 2009 Nilson Report. However, if you create and stick to a budget, you’ll never find yourself in this precarious position. You’ll know exactly how much money you earn, how much you can afford to spend each month and how much you need to save.

3. Your Budget Can Help You Get To Retirement

Let’s say you spend your money responsibly and follow your budget to a “T”. Good for you! But aren’t you forgetting something? As important as it is to spend your money wisely today, it’s also critical to save for your future. A budget can help you do just that. It’s important to build investment contributions into your budget. If you set aside a portion of your earnings each month to donate to your IRA, 401(k) or other retirement funds, you’ll eventually build up a nice, fat nest egg. Although you may have to sacrifice a little now, it will be well worth it down the road

This may sound a little daunting, but there are resources for you to make this easier! The Sub Prime Credit Store helps you with budget planning as well as many many other services to assist with building and maintaining your financial life.

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The traditional way of filing taxes used to be so complicated, tedious, and time-consuming, but with the modern ways these days it is possible to effectively file taxes within a shorter amount of time. Since there are programs and tools that makes tax filing so much easier these days, it is now possible to have all taxes filed and done within a short amount of time. The convenience and accuracy is staggering.

The task of filing taxes and tax returns can be quite nerve-racking for individual taxpayers. This makes tax preparation help vital to all taxpayers. At the same time, it reduces the burden of having to cope with documentation and other lengthy procedures.  It is not smart to wait until the deadline is near before you begin your tax return preparation, so don’t! Prepare now!

Tax Preparation For You

Having your taxes prepared for you will no out-of-pocket costs sounds great doesn’t it? Not only does it make your life easier, but it will help you credit as well!

But wait, there’s more!

How does an audit of the past 3 years of tax returns sound? Not only does this ensure security on your part, but they also repair allowing you to get the maximum refund for you.

Aaaaaand…

Tax advice and appointments for the upcoming year!

I know, sounds too good to be true. But honestly, tax preparation is available at The Sub Prime Credit Store. They are the one stop shop for you to get your financial life on track and ready to go!

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Don’t Pay It, Then “Pay As Agreed Upon”

In a prior post, The 1 Way To Get Out Of Debt: Pay It Off  says the only way to pay off debt is to pay it off and that’s true…expect there’s a loop hole, a worm hole…debt forgiveness.

Get That Monkey, Money Off Your Back, Throw It Off

This title is another way to say: settle your debt, but don’t do. not. call it that. And well, pay off some of it. This is GREAT news…that’s a whole chunk of change not pouring out of your future paychecks.

HOW TO/

The short and sweet is this: save a lump sum, and in a negotiation with collectors aim for 50% and barter.
Meanwhile…save. It’s easy to say and hard to do. Saving is less painful when it’s just a habit, but here’s the fine print:

If you were good at saving you probably wouldn’t be in debt.

Perhaps You Can Use Your Income Tax Return You Got Easily, Automatically Through The Income Tax Planning Network

SO-Let it default…by not paying it. It will be purchased by a collection agency. Not a secret: For much, much less…paid pennies for your debt. Not A Secret: Bills going into collections isn’t typically advisable. It knocks your credit score…Learn something useful here. 

Once you complete these things…begin a process to get a large percentage of your debt forgiven…

• negotiate with with lean holder for some reduction
• then form a repayment plan for the rest
• OR ask for a large reduction but pay off the remaining sum in one lump

In a prior article The 1 Way To Get Out Of Debt: Pay It Off is true…expect there’s a loop hole, a worm hole…you can bury the debt – with debt forgiveness.

Credit Cards in their hard lined plastic burning a hole in your wallet…The paperless paperwork about the interest rate, pages of fine print…gives an impression that these things are set in stone.

Read The Normal Print, Learn These 6 Tips!

There is a 6 tip process that Tiffany Alichi wrote for the Huffington Post in an article about debt settlement. 

ONE/

Make sure the debt is yours by requesting a Debt Verification/Validation Letter. You can request one verbally or by faxing/mailing a letter to your creditor.Here is a template for you to use

TWO/

Armed with that letter confirm that the debt is not zombie debt. What is that? DO NOT agree to make a payment until you know that. A payment of any amount will “re-age”…that’s what they call it, but it returns the zombie to life…re-set! the credit card debt. No, thank you.

THREE /

It’s time to negotiate!  Collectors have quotas to meet, and so far they are humans and not bots. Call towards the end of the month, because you’ll have a better shot at a better deal. 50% is the dream, but you’ll have more success if you start low, like 30% of what you owe, and pay the rest in a lump sum, called the-money-you-saved.

FOUR/

Get The Agreement In Writing. You want this dealio to be called “paid as agreed upon” – NOT settled. Do not call it “settled”. This is VERY important for your credit report. Own that fact in writing…that paper trail can help you if you have to prove otherwise.

FIVE/

Pay taxes on what you negotiated down! Good job. If you negotiate less than $600 settled debt then you do not have to pay taxes on it. 

SIX/

Again, get the agreement in writing. Then once the dust settles, then repair your credit. Check your credit report for errors. Better yet, let someone else do it in a package deal where you get some services you may also need…meanwhile…repairing you credit. Here is a great place to do that (plus more) at the Sub Prime Credit Store.

You might see a major perk of paying off your debt! A rise in your credit score!

It Is KEY That You Make The Offer Attractive…Get Out Of That Debt

Use your savings. Use your income tax return to pay off a percentage of your debt in one sweep and the rest is forgiven. With a little planning…anything is possible. Join The Income Tax Planning Network. 

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Get That Monkey Off Your Back, Give It All Your Money

If you research “how to get out of credit card debt” – You’ll find a few articles titled something about the 6 ways to get out of debt.

We know the truth…the only way to get out of debt is to pay it off. You cannot bake it in the oven and turn it into cookies. You cannot eat some many cookies you forget about the debt. It is not out-of-sight-out-of-existence…You cannot meet a genie and get three wishes. You can meet someone and marry into wealthy, maybe. But that blessed person is still going to do the one thing: pay it off.

Here Are Those 6 tips That Might Give You The Framework To Suck It In, Buck It Up and Pay Those Credit Cards, Mortgage and Auto Loan..Any Debt…Off.

1. Pay the highest interest rate down first. 
   • Pay the minimum payment on all cards but the highest interest rate…pay as much as you humanly can let out of your clutches…
   • When that card is gone, throw all extra money at the next highest interest rate and minimize interest accumulation to the max. 
   • The bonus is: you’ll save the most money long-term
2. Or do the exact opposite with the “snowball” method. 
   • Pay the lowest balance first, because you can knock it out quicker.
   • That boost in confidence will give you the pat-pat you need to keep going.
   • This isn’t maximizing your pocket ball, but it might maximize your will power with some emotional button pushing: Seeing progress faster, keeps you going longer.
   • Pick 1 OR 2 – It doesn’t matter much because you just have to do the one thing: pay it off.
3. Transfer balances and chase 0% interest
   • Be really responsible with this option
     1. Automate those payments so you don’t miss them. One missed due date and you could be slapped with the interest rate and all would be for naught. Do not make new purchases on the cards. I’m going to repeat that in tip 4.
4.  Budget
   • Probably you have some debt because you didn’t have a budget. Sometimes you have a budget and things come up and and that little bit you dug into debt is a sink hole…
   • Do not keep paying for things on any of the cards – Put them away, hidden.
     • Even if you really need that thing…
       • You don’t actually need it. Go without it.
   • Budgeting isn’t easy. And you you research that question you’ll get 100+ tips. Read This article about it…
5. Start an emergency fund “Give it all your money” – not all your money, because you’ll set aside some in this fund to prevent future credit card spending.
   • • The ease on your mind: priceless.
   • Pretend you have another credit card that you need to pay, and pay it to yourself
   • It’s helpful to build your savings before focusing on debt.
6. Switch to cash
   • An interesting study showed something that we find intuitively to be true. If we want a good we are willing to pay more for it when we buy with credit and we are willing to be pay less for it when we pay with cash.Paying for things in cash will allow you to spend smarter because you can see the money and therefore see the value of the dollar, better.

Here Is A Bonus Tip With Lucky #7: Sink Your Entire Tax Return Into Your Debt Every Year And Make Minimum Payments The Rest Of The Months.

To sign up with Income Tax Planning Network Click Here…

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Getting strapped for cash is the worst. But when you are in that situation, it is difficult to know what is the right route for you and your wallet. When you need to borrow money to cover an expense, you might consider a credit card or a personal loan. Deciding which is better depends on your situation. Lets weigh your options.

Why Credit Card?

• Because of their high interest rates, credit cards are best for short-term financial needs. Use a credit card only for purchases that you’ll be able to pay off by the due date, like daily expenses or monthly bills.

• You could use cash or your debit card for these same purchases, but credit cards have benefits outside of free short-term financing. Many cards come with cash or travel rewards — typically ranging from 1% to 2% of what you spend — as well as certain perks you won’t get with cash or debit.

• There are also credit card options for those people who are concerned that their bad or lack of credit could make it impossible for them to get a credit card at all. There are credit cards that are specifically designed for the people that have bad or no credit to get the things that they need when they need them.

Why A Loan?

• Personal loans are best used for longer-term financial needs. This could include things like expenses for adopting a child, starting a small business or consolidating credit card or other debt. Since personal loans typically have better interest rates than credit cards, they’re a better option if you aren’t able to pay off your balance in full monthly.

• If you’re considering using a personal loan to consolidate credit card debt, first assess how long it will take you to pay off the debt. Consolidating credit card debt with a personal loan typically makes sense only if it will take you more than six months to pay off. Otherwise, the amount of interest you’ll save will be negligible at best for the amount of effort to obtain a loan.

• There is also great variety when it comes to getting the right loan for your needs:
  • There are loans that are proven to be fast and easy to obtain, that are also perfect for people with bad credit or great credit. These loans are perfect for you if you need cash ASAP.
  •  There are loans specifically designed for people with bad credit to help them get the long term money that they need. While at the same time building their credit score.
  • There are government loan options that help people in specific situations like being a veteran or a student.

The Bottom Line

Credit cards are ideal for short-term balances that you can pay off each month, while personal loans are for medium- or long-term debt. They are both outstanding options to help you out of a tight spot. So weigh your options and get yourself the financial help that you need!

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ID Theft is the hidden snake in the grass when it comes to being a functional adult in the U.S. today. It can sneak up when you least expect it and change your life entirely. That is why it is so important to protect yourself from this low lying, but dangerous threat.

1) It Could Happen To You

You may not even think about it as a threat to you. But there are many different reasons why it ID Theft could happen to you at any time. Prepare for the possibility.

2) Anyone Can Commit ID Theft

It could be your neighbor, your friend, or just a stranger. Not every Identity thief is a ultra intelligent hacker sitting behind a computer stealing your life. And that makes it all the more scary. It can be any person that is willing to go through the hoops to get your Identity.

3) Your Facebook Could Make You A Target

There are many people that are having their pictures and names used by an ID thief to take advantage. The more relaxed that your privacy settings are, the more susceptible you are to an attack by an identity thief.

4) It Can Wreck Your Future

Dealing with ID theft is something that can change your entire life for the worse. It can stop your regular life in its tracks and send you through a maze of phone calls and legal troubles. The best way to avoid this is to prevent it.

5) It Could Turn You Into A Criminal

Unintentionally, of course. You personally didn’t do anything wrong, but the person who stole your identity could have done many illegal things that are only traceable back to you. Don’t let this happen to you.

But Have No Fear!

There are steps you can take to protect yourself from the horrors of Identity Theft!

• Shred you documents and unused cards
• Don’t keep your passwords lying around
• Power up your passwords. The secret is in the length!
• Avoid over-sharing on social media, or at least pay close attention to your privacy settings.
• Prevent the possible with Identity Protection.

Don’t panic, but do take it seriously. Protect yourself.

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The post 5 Reasons You Should Be Worried About ID Theft appeared first on Ultimate Identity Protection Services.

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Friendly Reminder! You Don't Have To Keep A Balance On a Credit Card To Build Credit!

It's a #myth! Busted.

Sometimes when we let others handle our books, we OUT-OF-SIGHT-OUT-OF-MIND !

With #CBB  you can always SEE your books, like a pocketbook, taking it with you where ever you go.

Try not to carry that balance around either!
Don't burn your money on interest, buddy.

The post Friendly Reminder! You Don’t Have To Keep A Balance On a Credit Card To Build Credit! It’s a #myt… appeared first on Independent Credit Solutions.

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What Is the Difference Between a Charge Card and a Credit Card?

A Credit Card is bad.
A Charge Card is good.

Well, it's more grey.

A #chargecard is like the "dog house" version of a credit card…you have to pay off the balance every month. You cannot carry a balance. Repeat for our credit heavy nation…you hold the cash – or debit and you pay the whole balance every month.

You can use a credit card like a charge card but you CAN carry a balance – and the amount you can carry is your line or credit…if you used a credit card LIKE a charge card then you can increase your line of credit…but if you pay it off every month you don't need more credit.

You might need a l o n g line of #credit for things like home loans, personal loans and car loans, though.

The post What Is the Difference Between a Charge Card and a Credit Card? A Credit Card is bad.
A Charge Ca… appeared first on Independent Credit Solutions.

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ShareFollow UsThe Orlando shooting by terrorist, auto-matic gunman Omar Mateen brings up a lot of questions if you think critically. If not…just read. Gun Control: “Good Guys” V “Bad Guys” For Gun Control everyone wants to keep the weapons out of the hands of the dangerous. Some, like Trump, too many probably, think that a […]

The post Orlando Shooting Reminding Us To: Protect Identity appeared first on Ultimate Identity Protection Services.

The post Orlando Shooting Reminding Us To: Protect Identity appeared first on INTERNET LEGAL PLANS.

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