Debt Settlement Law Firms: Understand How They Work

Wednesday, April 23, 2014
In many cases, the decision to settle with creditors is the best that can be made. Bankruptcy carries with it a heavy toll and unless something is done to deal with towering debts, financial ruin is around the corner. But how should the settlement be reached? Should it be through a debt settlement law firm, or through a settlement company?

The most common option is to go for debt settlement companies, and there are many to choose from. But, there are clear advantages to choosing a law firm to negotiate and represent a debtor. And if the debt settlement agreement means saving money and being legally protected too, then it is hard to ignore.

Why Debt Settlement Is A Solution

It might seem that agreeing a settlement is not going to make that great a difference. But settlements of as little as 30% of the actual sum owed can be achieved. So, a $10,000 balance is cleared with a single payment of $3,000, and whether the debtor goes through a debt settlement law firm or company, this is a great deal.

When dealing with overall debts of $100,000 or more, the challenge is to secure a deal that can see the debt repaid gradually over a given period of time – for example 10 years. Debt settlement companies and law firms will negotiate with creditors to agree the overall figure, and then set an austerity structure that will see the debt cleared on time.

The main advantage of setting about dealing with the debt problem through debt settlement, of course, is that significant savings can be made while alleviating the financial pressure. What is more, the effect it has on a credit report is less damaging than bankruptcy since some of the debt is paid.

Law firm Vs Company: The Key Differences

So, why choose a law firm to handle the task of taking control and clearing mounting debts? Are they really the better choice? In many ways they are, as the differences between how debt settlement law firms and companies are quite stark.

The key difference is that a law firm can be hugely effective when it comes to dealing with the legal intricacies that are often so important when things do not go according to plan. For example, with relation to collection calls, debt settlement companies have little power to counter the tendency for collection agencies to make continual calls.

However, a law firm knows the legal rights of debtors, and can very swiftly put an end to these calls, which are in violation of the Fair Debt Collections Practices Act. So, a law firm can ensure that the debt settlement is conducted properly.

Other areas in which debt settlement law firms hold an advantage include when a creditor decides to exercise their right to sue the debtor for money. Because they are law firms, they can make contact with the creditor and negotiate a settlement.

But debt settlement companies are not permitted to make contact with creditors once legal proceedings have begun. They have no power in the law at all, so would be unable to find a solution in the unlikely event that a creditor did opt for a court appearance.

Finally, the law firm is perfectly positioned to take care of all legal issues that come out of the debt settlement agreement. They are also correctly set up to ensure the best representation, in sharp contrast to companies, which are not always legitimate in the eyes of the law - so they are closed down.

Best Online Business - How to Trade Forex From Home For a Triple Digit Income!

If you are looking for a simple online business which can earn you a triple digit income, in around 30 minutes a day then, online Forex trading could be your route to a great second income - lets take a look at how to trade currencies from home in more detail.

You can get started in Forex trading with just an internet connection and a few hundred dollars seed capital and your all set. Lets look first at the advantages of Forex trading and then how you can take advantage of the profits to be made.

As a business, the currency markets are hard to beat in terms of the advantages and profit potential they offer:

You can work your own hours

As one currency rises and another must fall, giving you constant opportunities for profit regardless of any downturns in the economy

- You don't need any staff or stock and you don't need to do any selling

- You can leverage your investment, so you can trade more money than you have in your account - this

- Leverage is free and granted to you as soon as you open an account

- Forex trading is a learned skill and anyone can learn to be a winner quickly

The above advantages make currency trading from home the best online business; you can choose between manual trading where you learn about how to spot trends and trade high odds chart patterns or you can get a computer to do it for you. Forex robots trade high odds chart patterns on your behalf and all you need to do is follow the signals. If you want a Forex robot to trade for you, the Turtle Trading Robot is a good choice:

The Turtle trading robot is based upon rules devised by trading legend Richard Dennis, who taught these rules to a group of traders, who went on to make millions in real time trading with them. These rules work and will continue to work and if you check out this robot, you will see how profitable it is and how you can make a triple digit income with it.

If you decide to learn trading yourself OR use a robot to trade currencies online, you will find this is the best business, for building big gains in just 30 minutes day so check out this business and see for yourself.

Shopping Online Safely - Steps I Take to Protect Myself

Saturday, April 19, 2014

The dangers of online shopping are well known. Horror stories abound of people who have lost loads of money while shopping online. You may be tempted to shun all online shopping, because you just don't want to take the risk.

However, as our lives become and more intertwined with activities on the Internet, it will become increasingly hard to avoid all online financial transactions. Instead of avoiding the issue, why not take steps to protect yourself?

I'll outline steps I take to limit my online risk. Following these steps are no guarantee that I'll never lose money. But they greatly reduce the chances that I will lose significant amounts of money with my online activities.

To start it's important to recognize two levels of risk:

1. My Immediate Purchase Risk - the risk that I will lose money with the transaction I am currently making.

2. My After-the-Fact Financial Risk - the risk that my financial information will be stolen and used subsequent to the transaction I am currently making, possibly repeatedly.

While both kinds of risk are important, the second can lead to far greater losses of money than the first. We'll cover steps to avoid both kinds of losses, but you'll want to be especially diligent about lowering your After-the-Fact financial risk.

Reducing My Immediate Purchase Risk

In making a purchase, the merchant's reputation is everything. When I consider purchasing from an unfamiliar online merchant, I do my my best to establish that the merchant has a good reputation. Most legitimate retailers work hard to avoid cheating their customers, and their reputation will reflect that effort.

Reputation on Online Auctions

With online auctions, establishing a merchant's reputation is usually pretty easy. Generally each seller will have a score indicating how well they've done in satisfying their customers. Don't under estimate the value of this information. It's very revealing. I usually make sure that the seller has been involved in a large number of transactions -- no less than 30 -- but a much higher number if I want to be really safe.

Further I read the feedback that the seller has received from their buyers. It's important to take particular note of any neutral or negative comments. If the percentage of negative comments is greater than a couple percent, I will probably avoid this seller. Additionally, if the negative comment percentage is low, but there is a consistent theme of poor shipping performance or of buyers not receiving what they expected, I also will likely move on.

Reputation Through the Better Business Bureau

If the merchant is not selling through an auction, establishing it's reputation takes more work. I'll usually take a quick look at the Better Business Bureau web site for online businesses ( http://www.bbbonline.org ). It's pretty rare to find an online merchant listed there, but if it is listed and it has poor performance, I immediately know to avoid it.

Further, if I can find the physical address of the business, I can use the main Better Business Bureau web site ( http://welcome.bbb.org/ ) to find the local Better Business Bureau responsible for the merchant's geographic area. Many times the local Better Business Bureau will have a listing for the online merchant.