Feeling defeated by 2020? Perhaps you are hoping that 2021 will bring you a brighter financial future. The symbolism of passing from one year to the next invites us to enact changes in our lives and can be a great opportunity to jump-start fresh goals. If ditching debt is something you’d like to address in the new year, consider following this advice.
Sometimes it’s difficult to spot the difference between good and bad advice. Amidst questionable suggestions from family and friends, contradicting web searches and the hundreds of “get rich fast” books at your local library, it can be especially hard to know what financial advice is worth your time. In this blog, we’ll explore 11 common personal finance myths, clear up the misinformation and uncover the truth.
Calls from your creditors may increase when you begin a debt settlement journey because they take notice when you change your payment habits. In most cases, it’s best to let unknown calls go to voicemail and block calls during debt settlement that may be related to your enrolled debt.
If you’ve been searching for ideas on how to make additional cash through a side hustle, you’ve likely noticed that there are hundreds of ideas to choose from! Unfortunately, some freelancing and side work ideas aren’t incredibly lucrative, take more time than they’re worth, or are outright scams.
If you’ve tried to create a budget in the past, you may have struggled with prioritizing your expenses. Needs like food, shelter and utilities are likely at the top of your list, but is a new pair of jeans more important than putting money towards your emergency fund? Should medical bills or car payments come before credit card debt? Is it okay to squeeze in a latte if you’re still paying down your college debt?
Prepare for 2021 with a few money moves that will give your finances a leg up in the new year. Whether you are preparing for tax season, managing your investments, or making decisions about your retirement and health savings accounts, these tips will help you get the most out of your money.
When you enroll your debt with a debt settlement program, you’ll begin saving money into a Dedicated Account every month. These funds are used to pay your creditors and cover your debt settlement program fees. Our fees are based on a percentage of your enrolled debt at the time of starting the program and range from 15%-25%. Including fees, debt settlement could reduce your total amount paid by 60% or more when compared to paying off debt by making minimum…
Delaying payment to your creditors is an essential step in your journey toward debt settlement. When you decide to delay payment on your enrolled debts, it is normal for your credit score to drop. This pause in payment gives us the leverage we need to negotiate your settlement and puts you back in control of your debt.
When you begin a debt settlement journey, you may be surprised to discover that an essential part of the program involves delaying payment to your creditors. Instead of making monthly payments on each of your enrolled debts, you make one monthly deposit into a Dedicated Account that will be used to pay your debt settlements throughout the program.
Accredited Debt Relief offers free consultations to those struggling with debt across the U.S., but what’s that first phone call experience really like? We interviewed Director of Sales and former Certified Debt Specialist Andrew Schwan about client phone calls, common questions and concerns, debt advice and his experiences at Accredited Debt Relief.