Do It Yourself Debt Settlement 101 | What is Debt Settlement?

I'm J. Carlton Ford of Debt Warriors.com. This is the first of our Debt Warriors Settlement Intelligence Series.

Today I'm going to share with you what Debt Settlement is and show you why you should settle your debt for yourself.

What is Debt Settlement?

Debt Settlement is the act of a customer contacting the Original Creditor ("OC") or 3rd Part Debt Collector ("DCT") and offering a "Settlement Amount". A successful Settlement usually eliminates the debt. Generally, the person holding the debt will settle with a consumer for 40-60% of the debt owed.

Debt Settlement is Legal. The Federal Trade Commission reccomends that consumers seek to settle their own debt Debt first.

Is Debt Settlement safe?

Yes, almost anyone can attempt to settle their debt. but many people make matters worse by making many simple mistakes like "Legally re-aging" the debt making it stay on their credit report for at least 71/2 years.

A Debt Settlement done right can save you time, money and stress, while a settlement done wrong can negatively affect your credit for seven and a half years. And that's why Debt Warriors have produced the DEBT WARRIORS ARSENAL. The DEBT WARRIORS ARSENAL TEACHES how to settle your debt for yourself, in a safe, easy and responsible way. To learn more about how to settle your debt for yourself, log onto DEBT WARRIORS.COM. Or call us toll free at 866-576-4996.

Until next time, this is DEBT WARRIOR J. CARLTON FORD wishing you FINANCIAL LIBERTY...

Child Hunger In US Rose 50 Percent In 2007

New government figures show that almost 700,000 children went hungry in the United States at some point in 2007, up more than 50 percent from the year before to mark the highest point since 1998. And that's even before this year's sharp economic downtown, the Agriculture Department reported Monday.

read more | digg story

Debt Help for the Unemployed, The 30-60 Day Rule

Mass layoffs [ Job Separations] are spreading like the flu virus. Many Americans are losing their jobs (for the first time). Upper, Middle and Working-Class U.S. don’t have any clue of what to do, with their massive amounts of debt, while Unemployed. DEBT WARRIORS™ to the rescue :) Click the 'read more' link to be taken to our new Website.

read more | digg story

Debt Warriors Bailout Update and Response

DEBT WARRIORS BAILOUT UPDATE: Earlier this week it was revealed that, Treasury Secretary Henry Paulson Jr. Head Faked and Sucker-Punched the American People. How? By not using the $700 Billion, Bail-out money, to help the Housing Market and Consumers struggling with Foreclosure - like he said he would do. Read the full article >>

read more | digg story

Treasury Secretary Head Fakes, Sucker Punches Tax Payers

“Pow! Right in the Kisser!” First, U.S. Treasury Secretary Henry “Hank” Paulson, Strong-armed Congress to get approval for a 700 Billion Dollar “Bail-Out / Rescue Plan”. Mr. Paulson set the punch up by saying that the money (from the Rescue Plan) would be used, to assist Banks, Insurance Companies and Investment Firms. Click the "read more" link below to go to our new site www.debtwarriors.com and read the full blog post, take our DEBT WARRIORS™ POLL and leave your comments on the subject.

read more | digg story

Auto Dealers Dirty Tricks | Addendum Stickers of Debt

WHAT IS THE AVERAGE AUTO DEALER ADD-ON AMOUNT? After cost, taxes (which are fair and legal) and dealer mark-ups, many Auto Dealers will add-on about $2,000 in extras. These are NOT options. DEBT WARRIORS conducted a check-up on $19,988 worth of Debt on a New Vehicle. The results are shocking. The interest alone will drive one to the POOR HOUSE! To read the full blog post and to take fun DEBT INTELLIGENCE QUICK QUIZ, look below and click 'read more' to be taken to www.DEBTWARRIORS.com.

read more | digg story

Debt Warriors Expose Auto Dealer Dirty Tricks

What are some of the Dirty Tricks of Auto Dealers? Debt Warriors expose what they are and what you should know before Congress gives another BIG Bailout to Auto Manufactures. In this post DEBT WARRIOR, J. Carlton Ford lifts the hood on 'Auto Credit Predators' and how they "Steal the Trade". Click 'read more' to be taken to the new and improved www.DEBTWARRIORS.com Web Site.

read more | digg story

Moving Forward After Auto Repossession

With 1.2 million jobs lost in 2008. I know for a fact that Auto Repossessions are going to accelerate at highway speeds.


Case in point; I was emailed by a good friend who stated that she had a friend, who co-signed with his girlfriend, for an Auto Loan that was subsequently repossessed. According to my friend the "repo" was in 2001 but it was still reporting on the persons credit report.

The following is my response to my friend: "Regarding your friend, it depends on the Statute of Limitations (when the last payment was made on the account) as well as the State where the loan contract was signed. If it was repo'ed in 2001, it shouldn't still be on his credit report (or it's due to drop off soon)."

In this Video Sample, I provide the OBJECTIVES for the process eliminating a Debt due to an Auto Reposession. This process works for all debt. This video is just an overview, but it gives you a good look at what must be done - to eliminate your debt. Enjoy!



DEBT WARRIORS go into more detail about moving on after reposession in OPERATION TWO, "Time Check".

In this video course, we tell you what to look for if you're dealing with a reposession. We inform you as to what the Statue of Limitations on Debt Collection is and what steps you should consider taking BEFORE you go off surrendering your hard earned cash to pay off a repo (or other debt) just to get it off of your Credit Report.

Over the next few post, I'll work to keep the focus on providing great tips for eliminating or settling debt due to repossession. Please be sure to subscribe? It will be worth your time.

--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. The information on this blog, should not be considered legal advice. If you need to speak with an Attorney click here:
------------------------------------------------------

How to Make a Spending Plan

Budgets don't have to feel confining if you look at it from a different angle. This is a neat little article from the Wall Street Journal about budgeting. Click the 'read more' link below to read the rest of the article. Or, feel free to submit your best budgeting tips by placing a comment below.

read more | digg story

WSJ.com - Layaway Is Making a Comeback

Layaway, a payment practice that was made popular during the Great Depression, is back in fashion thanks to the credit crunch. Click 'read more' link below to read the full ariticle

read more | digg story

Complaints surge as bill collectors get tough

After several years in which Americans were buying stuff on credit they couldn't afford, a rapidly increasing number are complaining about getting harassed and abused by bill collectors. This is why DEBT WARRIORS™ offer OPERATION ONE: Stop Debt Collector Harassment. I've personally heard horror stories from clients stating that they were being terrorized at home, at work, or their relatives have been stalked. Read the rest of the article by clicking 'read more' below. Also, feel free to tell us your Debt Collection horror story by submitting a comment below.

read more | digg story