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Amazon Price: $7.99 $7.99 (as of June 25, 2017 2:47 am – Details). Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on the Amazon site at the time of purchase will apply to the purchase of this product.

THIS IS THE BOOK THAT THE CREDIT-CARD COMPANIES DO N'T WANT YOU TO READ!!!

So, you may be trying to find a publication on such a subject because you accumulated a specific quantity of financial obligation, maybe fallen behind in some repayments, or even thought about personal bankruptcy. Occasionally financial debt isn't also a result of overspending yet just bad life scenarios such as a death or divorce of someone that aided us live to a specific criterion. There is nothing to be ashamed of and even anxious concerning.

Utilizing the methods in this book, you could settle your financial obligations in the least amount of time and also live complimentary once more.

Think of instead of paying everything off in five to seven years, you're able to do this in two. Can you wait that lengthy to be totally debt free?

The approaches used in this book are based upon reliable formulas that will significantly reduce the time it will certainly require to repay your credit rating debt, conserving you hundreds of bucks. Additionally, Gerry Marrs will certainly instruct you some guerrilla methods that will literally reduce your charge card balances in half, as well as free you from the chains of financial debt chains. The plan in this publication is straightforward to execute, and adaptable according to your way of life requires.

This book will reveal you some quick-payoff principles in addition to how you can conserve much more, invest less, and perhaps even make some cash. Gerry Marrs calls this concept the three pillars of economic success; conserve, budget, as well as make. When you could balance all 3 of these features of individual finance, you can attain fantastic riches and prosperity.

Below are several of the things you will certainly find in this publication:

* Understanding Debt and also Credit
* Types of Debt
* Debt-to-Income Ratio: What is it?
* Median Ranges of Debt-to-Income
* The REAL Cost of Credit Debt
* How financial institutions compute home loans
* The real expense of charge card debts as well as exactly how they are determined
* Getting a better deal
* Practical Money Skills For Life
* Setting Serious Goals
* Why should I establish goals?
* Visualize your objectives and also create them down
* Personal Goals Vs Financial Goals
* Create a Solid Timeline
* 3 Tiered Plan Of Saving
* Short Term and Long Term Financial Goals
* Prepare to do Battle!
* Finding Additional Resources
* Making a Budget You Can Live With
* Health Insurance
* Grocery Bills
* Utility Costs
* Banking and/or Check Cashing Fees
* Additional Income Opportunities
* Yard Sales
* Odd Jobs around Your Community
* Freelance Writing Gigs
* The Light at the End of the Tunnel
* Laying Out Your Debts
* Prioritize Your Debts
* Map Out Other Bills
* Decrease Your Expenses
* Credit Scores and Credit Reports: A Primer
* What Is a Credit Score?
* The Credit Score Model
* Credit Worthiness
* Credit Reporting Companies
* Credit coverage Scams
* Demystification of the credit rating reporting systems in the United States of America
* The Effect on Interest
* The Get out of Debt Early (GOODE) System
* Choosing which Debts to Pay Early
* Calculating pay-offs
* Online financial debt payment calculators
* Right to the Source
* Yet much more calculators
* Manually Calculating Payments for More Control
* Calculating Monthly Credit Card Interest, the Easy Way
* Calculating Monthly Credit Card Payments, the Easy Way (or MAYBE NOT).
* Determining the Amount of Time to Pay Something Off.
* Setting up your repayment method.
* What takes place when you can not make a repayment?
* What occurs when you miss one solitary payment?
* What occurs when you are incapable to pay a second month?
* What takes place when you can not pay past six months?
* What occurs when you can not pay for years?
* Working with Creditors, Some Useful Scripts.
* Proactive Approach.
* Reactive Approach.
* Sample Scripts.
* How To Legally Rob Credit Card Companies.
* Debt held by charge card business.
* Debt held by debt collector.

Don't delay! Order your copy today!

Product Details

  • Paperback: 108 pages
  • Publisher: CreateSpace Independent Publishing Platform; 1 edition (January 28, 2014)
  • Language: English
  • ISBN-10: 1495373614
  • ISBN-13: 978-1495373619
  • Product Dimensions: 6 x 0.2 x 9 inches
  • Shipping Weight: 7.7 ounces

3 Reasons Why You Should Not Pay Your Debt

Paying off an old collection or charge off will increase your credit score.
This is a huge MYTH!

Effects of Paying
When you pay an older collection account or charge-off account, your credit score most likely will suffer.
Think twice before paying off an old collection or charge off. By paying your debt, it renews the date of last activity. The collection company or creditors can now report the account for another 7 years.

Everyone knows debt collections are bad for your credit score. Any past due accounts including debt collections have negative effects. These accounts report on your credit report for up to7 years. As accounts age, they have less and less impact on your credit score.

Many consumers believe by paying off collections or charge-off accounts, that it will raise their credit scores. It certainly seems logical; however it is far from the truth. If you are concerned about your credit score, paying off debts prior to obtaining any other type of loan or mortgage can greatly hurt your credit score.
Ultimately, if it is an older account when paid off (or payments are made on the account), by doing so can be devastating to ones credit score. The recent activity of any derogatory item has a big impact on how it effects your overall credit score.

Is the Debt Still Valid?
After a certain period of inactivity on an account, a debt becomes time-barred and debt collectors can no longer sue you for it. This period is known as "the statute of limitations on debt" and varies by state. If the statute of limitations has passed, it is illegal for a debt collector or creditor to sue you.

You need to be careful in communicating with a debt collector because the debt statute of limitations can easily be restarted by acknowledging that you owe the debt, making a payment, entering a payment plan, making an agreement to pay or making a charge on the account.

After 7 Years
Collection and charge-off accounts should only remain on your credit report for 7 years. It is important to check your credit reports as the credit bureaus often continue reporting these derogatory accounts over the 7 year limit.

If you have any questions regarding collection accounts on your credit reports, call our office today for your complimentary credit consultation. We look forward to hearing from you. 480-502-5554


LEGAL DISCLAIMER: The advice provided is for informational purposes only. It is not to be construed as Legal Counsel or Legal Advice.

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