Debt Management:

A “how to” guide on beating the creditors!

Do you owe a lot of money and are you deep in debt? Well, you can join a large segment of Americans! MarketPlayerscard.com will provide you with some easy steps on how to save your credit and your cash. You would be surprised on the stats of the number of Americans in debt. Debt is a tool that can work for you so don’t a let it turn you into a tool for some creditor’s wallet.
Be weary of “experts”, claiming to fix your credit and save you money because they will help themselves to your money and nothing else. One location that is safe is the Department of Justice (http://www.justice.gov/ ). There are also non-profit, community-based services for Americans to help you with your credit dilemmas.

 Annual Percentage Rate (APR) is a good term for credit card consumers to understand. The APR on a credit card is the cost of credit card company lending you money after fees and hidden payments or any other kind of bullshit. The APR is good thing because it represents U.S. legislation to help American credit consumers about the cost of a debt. This is always negotiable as well so don’t let ‘em tell you otherwise! Oh yeah, and start cutting up those cards unless you absolutely think they are necessary for your survival.

Collectors can never threaten you with jail time or call you at odd ball hours in the day. They shouldn’t be showing to your work either. If they do, the first thing I would do is ask for their legal department contact information because you are going to look into sue-ing the shit of their company. If a collector tries to threaten you, it’s nice to know that the government has your back in this particular situation.

Check the Federal Trade Commission (phone: 1-877-FTC-HELP). Website: http://www.ftc.gov/bcp/conline/ pubs/credit/fdc.htm).

Educate yourself on your rights because you have many. Find out how to get creditors off your back. Here is one tip to help fend off nasty creditors. Know your rights as a loan consumer in the U.S. Ultimately, you should try to talk with them and negotiate a payment plan that is foreseeable for you to make realistic payments. A good tool for accomplishing this for yourself is establishing a monthly budget. An effective budget is one that you will stick to and not deviate from within a 10% margin. Don’t be too aggressive so that your planning won’t work out. Set realistic goals and complete them. It will make you feel good about you are trying to accomplish.