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Credit Answers Site Map
Debt Management
For a free consultation call 1-800-297-6417 or start by filling in the form below and one of our debt management specialists will contact you. Do you consider your debt a problem too
difficult to fix? You're not alone... The average American household carries tens of thousands of dollars in revolving debt.
About Us
Clients are our first and only priority. Our team of experts works to enable a new and fresh financial start for individuals with debt problems. We realize the importance of money
in people's lives and also the accompanied strain that debt can cause.
Debt Management Articles
Articles related to solving your debt problem. Debt reduction tips and advice from one of the best settlement companies, Credit Answers. Give us 10 minutes and we will save you
thousands on your unsecured debt.
Credit Answers Testimonials
Here's what satisfied customers are saying about their success with Credit Answers.
Credit Answers Awards
Credit Answers is an TASC "Best Practices Accredited" organization. Credit Answers has been assessed against nationally recognized standards and operates with the highest level of
quality, service and integrity - further ensuring that Credit Answers is able to help during your critical time of need.
Credit Answers Careers
Credit Answers, LLC, started in 2006, is a Debt Settlement company that serves consumers throughout the United States that have unsecured debt and are unable to meet their financial
obligations.
Credit Answers Contact Us
Reduce Your Debt By Half Now! For a free consultation call 1-800-297-6417 or start by filling in the form below and one of our specialists will contact you.
Debt Settlement
Debt Settlement also known has debt negotiation involves a personalized plan that effectively enables a debt settlement negotiator to negotiate a compromise with creditors to settle
unsecured debts.
Credit Card Debt Elimination
Are you one of the millions of Americans seeking credit card debt elimination? Credit Answers has a proven track record eliminating credit card debt. Our team works only for you. We
are here to assist you on a one-on-one basis to help you achieve credit card debt elimination.
Credit Answers How It Works
Creditors may tell you that they do not work with debt settlement companies. While this may be true in some circumstances, a collection agency the creditor retains may work with a
debt settlement company. Credit Answers does not send out proposals because we negotiate on your entire debt, not just the interest, such as consolidation companies.
Debt Solutions
In an effort to find a debt solution for your outstanding personal debt, you generally have five debt solutions to choose from. Credit Answers recognizes making a decision can be tough.
Avoid Bankruptcy
Bankruptcy may seem quick and simple, and many people file for bankruptcy each year failing to realize they will be forced to deal with the harsh effects that will plague them for the
rest of their lives.
Debt Consolidation
Debt consolidation is basically taking out one loan to pay off your other debts. Debt consolidation more times than not does not relieve you of your debt obligations.
Credit Counseling
CCC organizations are usually designated as non-profits by the IRS, although many of these firms recently lost that status because the IRS felt that had "for profit" motives.
Don't Pay Your Debt
Many choose to live with their debt or ignore their growing financial problems, but their life will never change. In fact, debt is not a stagnant problem - debt continually
multiplies. To make a change in your life, you must take the proper actions.
Debt Relief
Our team of debt relief specialists work only for you. Our debt relief staff will assist you on a one-on-one basis and develop a personalized debt relief plan that works around
your budget.
Debt Negotiation Service
Our debt negotiation experts have established relationships with scores of consumer lending institutions, so rest assured credit answers will represent your debt negotiation settlement
with your best interests in mind.
What Creditors Don't Want You To Know
Credit Answers understands that it can be very stressful and frustrating to receive an excessive amount of collection calls on a daily basis. Creditors know that an excessive amount
of collection contact attempts can wear people down.
Debt Help
Most budgets include the amount of income being received, outstanding debt to be paid, retirement savings and emergency fund. Below are a few debt help educational pages to help you
achieve your goals.
Debt Advice
In order to be successful in your goal of becoming debt free you should create a budget for yourself. A personal budget is a financial plan which sets limits on the amount of money
spent on each category of expenses in a given month.
Collection Settlement Offers
Once you have saved up enough funds, Credit Answers can begin to settle your accounts. We generally will settle one account at a time unless you have a lump sum available.
FAQ's
Undoubtedly, during the debt settlement process questions will arise. When this happens, please do not hesitate to call your debt settlement coach. We are here to help you reach your
goal of financial freedom and are available to answer any questions that you have.
Debt Solution Resources
Our debt solutions resource center has an abundance of information and tools that you can use to help you make those important decisions.
Enrollment Forms
In order to complete your enrollment and expedite your debt settlement process, please complete all documents on this page as soon as possible but no later than 10 days. Documents
can be returned via mail at the below address or via the noted facsimile.
Debt Reduction Calculators
Discover how long it will take to be debt free and how much you will pay in interest by making the minimum monthly payments vs debt settlement.
Budgeting Calculators
At Credit Answers we believe in educating our customers so they can get the budgeting help they need. If at any point you have a budgeting question, one of our experienced budgeting
settlement coaches will be happy to help you.
Credit Card Debt Help
The Credit Answers team works only for you. We are here to assist you on a one-on-one basis to help put an end to your credit card debt problems. Our credit card debt negotiators have
established relationships with scores of consumer lending institutions, so rest assured Credit Answers will represent your credit card debt settlement with your best interests in mind.
Credit Card Rates
Credit card rates are set by adding a spread, or margin, to a base rate. Your base rate is often a widely used index rate, which is almost always a rate that changes periodically.
Interest Credit Card
The average daily balance method is usually used to calculate the interest you owe on your credit card. To calculate, add your daily balances for each day in the billing period and
divide by the number of days in the period.
Credit Card Fees
It may be cheaper to pay an annual fee if the interest rate on your card is low enough. Annual fees generally range from $20 to $75. To decide, you need to calculate which is cheaper:
a fee-based card with a low interest rate, or a no-fee card with a higher interest rate.
Consolidating Credit Cards
If you make payments on several credit cards, you may want to consolidate your payments into one card.
Applying For Credit Cards
The Internet lets you easily compare credit cards and apply online. It's also easy to be swayed by teaser rates of as low as 2.9% to 3.9%. These interest rates are introductory rates
that last a few months before the regular interest rates kick in.
Credit Report Information
When you apply for a credit card, the card company submits an inquiry to a credit bureau to obtain a copy of your credit report. The credit report contains your credit history,
which will be used to help it make a credit decision.
Credit Card Offers
Credit card offers frequently use teaser rates to acquire new customers. These are introductory rates that last a few months before the regular interest rate kicks in. Some of the
attributes of teaser programs include:
Credit Card Use Self Test
To find the right credit card for you, it helps to determine how you use credit. Although some are saddled with thousands of dollars in debt and others pay off their balances
fastidiously, most of us are somewhere in between. Here are three card user profiles:
Credit Card Laws
The Fair Credit Reporting Act (FCRA) requires a card company or other creditor that denies you credit based on information in your credit report to:
Credit Report Help
Your credit report is an electronic record of your credit activities. These activities range from borrowing to buy a car or a home to applying for a loan or credit card. That's
right -- every time you apply for a credit card or other loan, it registers as an inquiry on your credit report.
Obtaining A Credit Report
Under the Fair Credit Reporting Act, amended a few years ago to beef up consumer privacy rules, you are legally entitled to obtain your credit report from a credit reporting agency.
This includes receiving a list of everyone that has requested your report.
Reading A Credit Report
According to TransUnion, one of the major credit bureaus, there are four major areas of content in your credit report:
When To Get A Credit Report
Before you apply for a credit card or loan, you should review a copy of your credit report from each of the three major bureaus to avoid any surprises. A copy of your credit report
from each bureau generally costs $10.
Avoiding Credit Inquiries
There are two types of credit inquiries that can be made to your credit report: hard inquiries and soft inquiries. A hard inquiry occurs when you seek to obtain credit.
Credit Report Errors
The Fair Credit Reporting Act is again your friend when it comes to fixing errors in your credit report. Errors in your credit report include mistakes but they also include omissions.
Credit Counseling Services
If you're unable to pay off your debts using a debt-repayment plan or are overwhelmed by the amount of debt you owe, you may wish to obtain credit counseling.
Personal Budgeting
The Credit Answers team works only for you. We are here to assist you on a one-on-one basis to help with your personal budgeting problems.
Time Value Of Money And Capital Budgeting
Given a choice, earning $100 today is preferable to earning $100 a year from now. If you earn $100 today, you can spend it or invest it. If you earn $100 a year from now, you must
defer spending for a year. You also miss an opportunity to invest it.
Compounding Interest
When you invest in savings instruments, you earn interest at a contractual interest rate. The interest rate is usually stated as a yearly rate. For example, if you invest $1,000 in
a certificate of deposit (CD) that pays an annual interest rate of 6%, a year later you will have $1,060.
Creating A Budget
Many of us fail to see the relationship between budgeting and saving. Budgeting is a process that starts by setting spending targets that help you to stay within your means of paying
for the bills.
Personal Cash Flow Statement
As a result of setting up a personal budget, you will identify ways to improve your cash flow. Your personal cash flow is the arithmetic difference of your cash inflows and cash
outflows.
Personal Net Worth
Over time, you build up your personal assets. Your assets include savings and checking accounts, investments, and real estate. Some life insurance policies have a cash value that
can be included in your personal assets.
Interest Rates For Beginners
If you borrow money, you pay an interest rate on your loan. The interest rate is stated as a yearly percentage rate, which is the interest cost of borrowing for one year. For example,
if you borrow $10,000 at 10%, your interest cost for one year is $1,000 ($10,000*.10).
What Is Revolving Credit
When you apply for a loan or credit card, you are applying for credit. The two major types of credit are open-end and closed-end credit. Because it allows you to borrow up to an
authorized amount on a continuous basis, open-end credit is sometimes called revolving credit.
Invest or Pay Off Debt
If you receive a windfall of cash (such as a tax refund or collection of a debt from a friend), you may face a common dilemma: Invest, pay off debt, or spend. (Spending is not
considered as an option here.) If better personal budgeting has helped you save an additional amount every month, a debt repayment plan may be preferable to saving until most of the
debt is gone.
How To Start Saving Money
Our financial goals change as we move through life. In our 20s and 30s, we often build up debt to pay for expenses such as our college education, buying a home, or our children's
college education.
What Is Marginal Cost
We base our financial decisions on the expected benefits and costs. For example, we buy a car for transportation needs. We buy a home for shelter, security, and comfort. These
benefits are hard to measure, but since they are essential needs, we give little thought to the costs of satisfying them.
What Is Opportunity Cost
When we have to decide between investing and paying off debt, we have to give up the next-best alternative. For example, if we decide to pay off or pay down credit card debt, we give
up an opportunity to invest the same amount.
Planning Retirement Strategy
You may work for a company that provides a traditional pension plan. A traditional pension plan pays a fixed amount to qualified participants, or pensioners. The amount is determined
by the participant's salary history and years of service.
The Best Pension Plan
The Pension Benefit Guaranty Corporation (PBGC), a government agency, guarantees traditional pension plans. These traditional pension plans are called defined-benefit retirement plans.
Roth IRA vs Regular IRA
In addition to 401(k)s and similar retirement plans that are sponsored by employers, individual retirement accounts (IRAs) offer tax advantages too great to pass up.
IRA Distributions
The IRS requires that you begin to take money from a regular IRA by April 1 of the year after you reach age 70-1/2. These mandatory withdrawals are called distributions.
Simple IRA and SEP IRA
If you work for a small business that offers a retirement plan, your employer may offer a SEP, SIMPLE or qualified retirement plan. Small businesses are those that generally have less
than 100 employees. Business owners can also participate in these plans to provide for personal retirement benefits.
Converting Traditional IRA To Roth IRA
Roth IRAs have some features that make them more attractive than regular IRAs. One advantage is that, if you keep the account for at least five years and are at least age 59-1/2,
distributions from the account are exempt from taxes and penalties. (On the other hand, your contributions to a Roth IRA are funded with after-tax dollars.)
Moving Retirement Plan
When you change jobs and leave an employer that has a 401(k) or other defined-contribution retirement plan, you usually arrange to transfer your retirement account.
Taxation of Company Stock
Your employer may have contributed shares of its stock to your retirement account. If contributions were made years ago, the value of shares may be much higher today.
Long Term Care Insurance
As the number of Americans entering retirement increases sharply over the next 20 years, many are buying long-term care insurance. Long-term care insurance provides financial support
if you become unable to perform basic activities of daily living
Life Insurance Information
When you buy a life insurance policy, you pay a premium to the life insurer on a periodic basis to maintain your policy. A life insurance policy pays a death benefit to the policy's
beneficiary.
Pros and Cons of a Variable Annuty
An annuity is a series of payments. If the amount of the annuity varies, it is called a variable annuity. Life insurance companies sell variable annuities, which are tax-deferred
investments.
Social Security Information
Social Security is the retirement-income security program run by the Social Security Administration (SSA), an agency of the federal government. An estimated 54.5 million Americans
were receiving Social Security benefits as of October 2007.
Tax Estate Planning Expense
When you die, you want to be sure that your estate goes to your desired beneficiaries. Estate planning is the process of naming those beneficiaries and managing the tax consequences
of passing your wealth to those institutions or individuals.
Retirement as an Opportunity
Some people revel in newfound freedom that comes with retirement. Others experience a sense of loss associated with ending a career that may have lasted their entire working lives.
Estate Planning
As you get older and earn more, you're likely to accumulate wealth that comes from saving and investing. A major first step in accumulating wealth may be the purchase of a home. You
may also contribute diligently to an IRA, 401(k) plan or similar tax-deferred account.
What Are Gift Taxes
As a part of managing your wealth, you will naturally seek to share it with your loved ones or desired charities as you advance in years. To distribute your wealth during your
lifetime, you can give every year to your beneficiaries. This process is called gifting.
Estate Taxes
As you get older and earn more, you're likely to accumulate wealth that comes from saving and investing. A major first step in accumulating wealth may be the purchase of a home. You
may also contribute diligently to an IRA, 401(k) plan or similar tax-deferred account.
What Is Probate
Probate is a legal process that is generally dictated by the laws of the state in which you resided at the time of your death. Probate is aimed at distributing the assets of your
estate after your death. (The deceased person is referred to as the "decedent.")
Creating A Will
A will establishes how you wish your estate to be distributed after you die. Writing a will is as simple as typing out how you want your assets to be transferred to loved ones and
any charitable organizations after you die.
Setting Up A Trust
A trust account is a legal arrangement that allows you to transfer your assets to your desired beneficiaries. The main parties of a trust arrangement are the grantor, trustee and
beneficiary.
Changing Wills And Trusts
When you write a will or establish a trust, you will likely want to gain the most flexibility in being legally able to modify these documents.
Credit Answers Privacy Policy
This Privacy Policy governs the manner in which CreditAnswers, LLC (the "Company") collects, uses, maintains and discloses information collected from users of this Web site
(the "Users").
Credit Answers Terms Of Use
CreditAnswers.com is offered to you by CreditAnswers, LLC conditioned on your acceptance without modification of the terms, conditions, and notices contained in this "Terms of Service"
section.
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Get Debt Relief Now!
For a free consultation call 1-800-297-6417 or start by filling in the form below and one of our specialists will contact you. We are here to help you 24 hours a day.
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