-------------------------------------------------------- DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products. We are pleased to announce that we have a new course that helps people reduce their debt and inmprove their credit without the middle man. You can find it at www.bettercreditclass.info. ------------------------------------------------------

Debtors Feel Forced To Revolt (Video)

An American Debtors Revolution?


Rocker Chic 4 God has a video message for Bank of America: In this video, 'Rocker Chic 4 God' is rallying against the “Usury” (Interest Rates Charged) and a recent Interest Rate increase of 30%! 

“You [Banks] have reaped un-Godly profits in your Casino Scams then trun around and usurp the wealth of this great Nation”. 

"I've decided  it's time to take a stand against the banksters' usury and greed! If our founding fathers were willing to sacrifice their LIVES for our FREEDOM, then I can certainly sacrifice my credit score and be willing to be sued. I'm staging a DEBTOR'S REVOLT!"

As you can see from the Video that Rocker Chick has had enough of  (in her opinion) of being robbed by Bank of America.  Her sickening story is  one of the thousands that we've heard and one of the many reasons why we Started Debt Warriors. 

Debtors have Been Tricked, Trapped And Robbed

I used to hear stories  like those of  Rocker Cheick 4 God every day.  Responsible people with good Credit became furious after been taken advantage of by Credit Card Companies and Banks.  When the American Consumer finally admits that they are in over their heads, the Banks turn the Debtor down, and offer the Debtor the Dead End of  Credit Counseling.

Join The Debtors Revolt!

Rocker Chick 4 God advocates non-violent protest against the Banks and Lenders.  A couple of years ago I did a video about Dr. Martin Luther Kings dream of starting a non-violent "Bank-In Movement".  I’ve added my video below or click here to watch the video on YouTube.




Time Now For Debtors To Fight Back!


Join the revolt against Predatory Lending and outrageous Usury (interest rates)! But don't make the mistake of making the situation worse.  I don't encourage anyone to stop paying their Bills.  Instead, I encourage every American Debtor, to arm themselves with knowledge and form a strategy to win their War on Debt.

--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

Remembering The Economic Disaster Of September 11

This morning, I prayed for the victims of September 11 and the loved-ones they left behind. 

Today, as America marks the tragic loss of American lives on September 11, 2001, I remember the disaster after.  The millions of lost jobs due to the impacts sustained by the terrorist attacks on the center of the financial world - the World Trade Center.

The Terrorist Aimed To Destroy The American Economy

As I was getting ready for work on September 11, I recall watching the Today Show.  When the first plane collided into the World Trade Center, I thought it was a tragic accident.  Then shortly thereafter, I saw the second plane slam into the building and I knew something was wrong.

As it turns out, the terrorist were attempting to topple the American way of life.  There was no remorse from those who killed innocent American's, in fact those who took credit for the 9-11 attacks stated that they wanted to cripple the American economy. And it almost worked. Thousands of small businesses went bankrupt, shedding millions of jobs.  Families of the victims were left to meet their household expenses without their husbands and wifes income or support.

On a personal level I lost thousands of dollars of business.  At the time I was in Radio Sales.  Client's canceled advertising for fear of customer back-lash.  It was a tough year for me.  But I knew that the economy would rebound and things would improve.  And things did improve for me.  I went on to become a better listener to my client's needs and helped them in ways I never would have thought of before.

What is your memory of September 11, 2001? Feel free to share your story below.

God Bless America!

--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

Credit Card Debt Help: National Newspaper Insists Banks Will Settle For Less

Today, The Washington Post  published an article about Credit Card Debt Settlement that every Credit Card Holder should read.

Specifically, the article shares the little known fact that the Banks have been unwilling to tell Credit Card Holders. That is, that Credit Card Firms and Banks are now more willing than ever to strike a Credit Card Debt Settlement with the Consumer.

Below Is An Excerpt From Today's Washington Post Article.

"Most card issuers are unwilling to talk about the practice for fear that they will be swamped with requests from people who do have the funds to pay their bills. But industry executives confirmed that the practice is becoming more common as card issuers face a record percentage of charge-offs, giving up on collecting debts that consumers never repay. 


The charge-off rate on U.S. cards for July was 10.52 percent of balances, according to Moody's, which expects it to reach at least 12 percent in the middle of next year"

This is not news to me.  I've known for a long time that Credit Card Companies and Banks are willing to work directly with the Consumer to lower their Credit Card Rates and repayments.  That's why I produced the Credit Card Medic Debt Reduction Video course.

Don't Make The Mistake Of Calling Your Banks Before You Contact Debt Warriors.

Although Credit Card Firms and Banks are willing to negotiate with American Card Holder's, the Banks and Credit Card firms are not willing to tell Consumer's the Secret Key-words to settle for less. That's where the Credit Card Medic Debt Reduction Video Course comes in.

In the Video Course, I walk Consumers step-by-step through the process of negotiating Credit Card Interest Rates Lower.  I even tell Consumers exactly what to do when the Credit Card Company responds with rejection.

It feels so good knowing that for years the Credit Card Medic Video Courses have been helping American Consumer's talk their way out of Credit Card Debt without going into more Debt.  I'm certain that the Credit Card Medic Video Program, works for Consumers.  Click here to learn more about Credit Card Medic.

--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

Secrets To Stopping Irresposible Debt Collectors (Video) http:

The Fair Debt Collections Practices Act ("FDCPA") is a Law that provides American Consumer's with an inspiring amount of Rights.  The problem is that millions of American's are unaware of those Rights.

But today, Debt Warriors are going to share an educational video for the few and the proud who want to stop Debt Collectors.  Thanks for stopping by, please feel free to subscribe for Debt Warriors updates.


To View this video on YouTube, click here

Because many Americans lack the intelligence to enforce their Rights, thousands of Debt Collection Terrorist violate the Rights provided in the FDCPA.

There are hordes of irresponsible Debt Collectors who attack trusting Americans. Some Debt Collectors  are charming and very influential.  Other Debt Collectors can easily persuade Consumers into making an impulsive mistake that could end up costing the consumer thousands paying uneccesary unsecured Debt..

That's why Debt Warriors have produced the ultimate "do it for yourself" Debt Elimination Video Course.  It's called the Debt Warriors Arsenal.  In Operation One "Stop Debt Collector Harassment, Debt Warriors take Consumers step-by-step through the process of shutting down Debt Collection Terrorist before they inflict stress on the Consumer. This process is called "Debt Validation"

The Debt Warriors Arsenal comes with a generous portion of Credit and Debt intelligence.  We provide all the forms, secret key-words and software to make winning the War on Debt as easy as watching TV.

We are confident that after ordering the Debt Warriors Arsenal, you will be inspired to take every phone call from every Debt Collector - to stop them cold in their tracks!

--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

Sub-Prime Credit Is Creating Pain For The Middle-Class

Today the Wall Street Journal reports that Middle-Class American's, with good Credit are experiencing the pain of Sub-Prime Credit.

Why are responsible people with good Credit having such a bad experience?  Stick around for my commentary on this subject.

Thanks for stopping by.

In 2007, I co-founded Debt Warriors because I had witnessed the tricks and traps of what I call "Sub-Prime Credit Cards".  Sub-Prime Credit Card Interest Rates start high and stay high. Many Sub-Prime Credit Cards state; that the offered interest rate, for Store Credit, and Gas Cards (if Variable) may go up, but it will never go down. So how it it possible to navigate out of that kind of automatic debt?

Middle-Class Debtors Are Robbing Peter To Pay Paul

I've known for years that responsible Borrowers (Debtors) are robbing Peter to pay Paul, in order to make it from month to month.

The Wall Street Journal article points out that, 'Prime' customers, with high credit scores and the best interest rates on mortgages and credit cards, lost their jobs.  Now over past few months they are running out of temporary quick fixes.

People have disclosed to me in confidence that once they lost their jobs, they were forced to live off of their Credit Cards to pay the bills. The problem is that as ones Available Balance becomes over 40% their Creditors start seeing signs of trouble and begin raising the Borrowers Credit Card Rates.

The Wall Street Journal,  a top-notch financial news source, has objectively verified what I've known, and have been saying for years. From today's Wall Street Journal article, "Credit-card issuers, meanwhile, have been quick to cut off these subprime borrowers, who were in the first wave of delinquencies and defaults".

I only feel bitter-sweet pleasure over my predictions and estimations about Sub-Prime Credit Cards.  I know that right now, someone is feeling the stress of Credit Card Delinquentcy and Default. But I take honor is knowing that I'm trying to do the right thing by American Consumers.

Debt Warriors show Consumers how to effectively eliminate Sub-Prime Credit Card Debt.

In our Debt Reduction Video Courses, Debt Warriors show Consumers how to eliminate their Credit Card debt (for themselves). 

There are a bunch of different debt management options out there. Some of them are OK. But none are better than the DEBT WARRIORS ARSENAL and CREDIT  CARD MEDIC Video Courses.

DEBT WARRIORS™! also offer the ultimate Debt Reduction Weapon: Bonus Debt Consolidation Software. This Software It will quickly calculate a budget for to get out of debt super-fast.

Don't wait for another objective source to validate your Sub-Prime Credit pain.  Take action, order your Debt Warriors Arsenal or Credit Card Medic Video Courses and defeat your debt - for yourself.

--------------------------------------------------------

DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

In 2008 Americans Made 78,000 Complaints About Debt Collectors Dirty Tricks

Federal Trade Commission Report "Urges Debt Collection Reform".

 On August 17, 2009, I produced and uploaded a video called 'Debt Collector's Dirty Tricks' to Debt Warriors Youtube Channel.


This video has received over 18,000 views and hundred's of comments.

Fast forward to a 2009 Federal Trade Commission 'FTC' Report which cites "major problems with 3rd Party Debt Collectors".

"The report recommends changes in the law to require that collectors have better information, making it more likely that their efforts will be for the right amount and be directed to the right consumer. It also recommends that they be required to provide consumers with better information explaining their rights under the FDCPA."

Being in the trenches, working to help hundreds clients stop Debt Collector threats and harassment, I've learned a lot.  For example, when it comes to stopping 3rd Party Debt Collector harassment there is theory and real life.

There are many Websites that offer only surface Debt Elimination information.  Thousands of so called Debt Help Experts have never really helped anyone stop Debt Collector Harassment.  Instead these people go to the FTC website and cherry pick advice, change a few words and claim it as their own.

Theories Don't Stop Debt Collector Tricks.

Other Debt Help Experts have theory but don't know about the dirty tricks that Debt Collectors use to get around the Fair Debt Collections Practices Act ('FDCPA') and other Law's enacted to help Consumers. And because other so called Debt Help Experts don't know about these trick's, how can they help Consumers defend against them? 

On the other hand, Debt Warriors have seen almost every Debt Collector trick under the Sun.  We accounted for them all in the Debt Warriors Arsenal Video Course.

The FTC is Just Now Starting To Catch On.

In the 2009 Report (referenced above), the FTC calls for "modernization" of the FDCPA in the following areas:

• The FTC calls for prohibiting Debt Collectors from contacting consumers via their mobile phones, including by text messaging, without prior express consent; and

Many American Consumer's make simple mistakes like updating or verifying their phone number with the Debt Collector. Debt Warriors cover this area in OPERATION ONE of the Debt Warriors Arsenal. We inform Consumers about how to stop Debt Collectors dirty tricks.

• The FTC urges changes, requiring collectors who use new payment technologies to obtain express verifiable authorization from consumers before accessing their accounts.
  

I've listened in horror as client's have called me crying because they can't access their accounts, because some greedy  a Debt Collection Law Firm has placed a freeze on the client's Bank Account's.  One client came to us for help after going to put gas in her car to go to work and finding that the Debt Collector had frozen her account. 

She was embarrassed and afraid when she learned that her Bank had cooperated with a Debt Collector and blocked access to her checking account. On top of the shame she couldn't access her accounts to buy food for her two daughters or to keep her lights on in her house. She was terrified but had come to trust Debt Warriors after reading out blogs for a few months.

Since she lived in California, I signed her up with an affordable Attorney in California and the Lawyer was able to get on the Bank to unfreeze my clients account.

Debt Collectors will stop at nothing to collect.

Most of what many 3rd Party Debt Collectors do is illegal.  Why do Debt Collectors break the Law so often? Because most American Consumer's don't know about their Rights. Those who go to other Debt Help websites, don't learn about the tricks that Debt Collector's use that violate and circumvent Consumer's Rights.

Debt Warriors Have Been Warning Consumer of  Debt Collector Tricks For Years.


I'm proud that Debt Warriors are being proven right on so many financial issues.  I have to admit that sometimes I've been discouraged to continue helping people for many reasons.  But to paraphrase Winston Churchill "in the end right will win".





----------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

5 Unfortunate Reasons Why Debt Warriors Teach Do It For Yourself Credit And Debt

Donald Trump and Robert T. Kiyosaki wrote a valuable book called, 'Why We Want You To Be Rich'. 

In the video below, these two titans of finance explain why they wrote the book.




5 Unfortunate Reasons Why Debt Warriors Teach Do It For Yourself Credit And Debt


1. Debt Warriors "Pay It Forward".

In the video above, Donald Trump says, "we want to help people and educate people".  Mr. Trump and Kiyosaki share our values. The book, 'Why We Want You To Be Rich', helped me with my transformation from a Legal Assistant at a Bankruptcy Prevention Law Firm, to becoming an uncomprimising Consumer Advocate.

It's unfortunate that so many Americans are struggling with Credit and Debt issues, but fortunately Debt Warriors are here to help.  Our Credit and Debt Management Video Courses teach Americans how to become Debt free.

Mr. Kiyosakis' book 'Rich Dad Poor Dad' changed my life for the better.  How did he do it? For a one-time payment, I received the life-time blessings of  financial education from that book.  That is why Debt Warriors "pay it forward".

2. Going Into Debt To Get Out - Makes No Sense.

We know for a fact, that it makes no sense for anyone to go further into Debt while trying to get out of Debt.  For that reason, for a one-time payment Debt Warriors provide a life-time of education and savings. We teach American's how to fight back and defeat the challenges of Debt.

Debt Warriors teach Americans how to defeat their debt (for themselves) by educating American's about the tricks and traps of predatory lending, and making it simple to understand  the otherwise complicated issues of Credit and Debt management.

3. American's Have Been Financially Mislead 

Why is that our schools don't teach Financial Education?  Is it because our Lawmaker's in Washington, D.C. get big money from Financial Institutions?  Is it because Americans don't value Financial Education?  We believe it's all of the above and more.  The bottom-line is, American's have been taught to go to school, learn a trade, work for 30 years and retire.

American's should have been taught to go to school and learn to think and create wealth for themselves. Instead, we have been mislead into thinking in term's of "trickle-down economics", meaning those at the top of the pyramid make the dollars, those in the middle make the dimes, and those at the bottom get the pennies.

4. Debt Warriors Don't Want Americans To Squander Their Money.


It's unfortunate that millions of Americans are squandering shares of their future wealth to pay back Credit.  American Consumers are dreadfully shelling-out their Salary to people who specialize in squeezing as much money from Consumers as legally possible.  .

Debt Warriors teach Americans how to save money by providing Debt Reduction software and the secret formulas that Credit Counselors know, but charge unreasonably large amounts of money for. We teach Consumers step-by-step, how to get out of  Debt - using only their current income (above $15,000 per year).


5. We Want To Share Our Success For Less.

When anyone asks why Debt Warriors Video Courses give so much away for so little money, our answer is, because we've been blessed to stumble upon the teachings of people Robert T. Kiyosaki and Donald Trump. We know it makes no sense for American Consumers to go into Debt trying to get out of Debt and improve their Credit for themselves.     


American's have the right to manage their Credit and defeat their Debt, for themselves. And with those rights come the responsibilities to take action and use those Rights. Unfortunately, many American's are not aware of the successes that come with "do it yourself" Credit Management and Debt Elimination.  We truly hope that we can educate millions of Americans that they can, and should learn Credit Education and Debt Management.



--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

The Debt Free Secret

Today, I'm going to share with you the 'Debt Free Secret'.

I get calls all the time from people looking for financial advice.  Some who call me are affluent, while others are facing financial adversity.  One thing everyone has in common is that they want to know the secrets of becoming Debt Free.

But please be warned in advance?

The Debt Free Secret is nothing spectacular, but this secret produces positive results from the moment one begins to understand and apply it.  Once one learns this vital secret, they will be unquestionably equipped to become debt free for themselves.  

The Debt Free Secret is not some slick financial flavor of the month.  It's a tested and true way for American Consumers to eliminate their Debt - for themselves. The Debt Free Secret is timeless but many people don't think they have the time to learn it.

The Debt Free Secret Is....

Work. That's it.  If one wants to become Debt Free for themselves, they have to be ready to do the work.  Do it yourself Credit and Debt Management is the unsurpassed method of  becoming debt free, saving money, reducing stress, and learning how to do it over and over again.

One of my favorite teachers is the New York Times #1 Best Selling Financial Author; Robert T. Kiyosaki.  Robert always teaches Financial Education.  People ask him all the time how to become rich like him and he instructs them to "get financial education".

Once I get famous like Robert Kiyosaki, I'm looking forward to someone asking me, "how do I get out of debt"?  I will tell them, "all it takes is work".  Putting in the work to learn Credit and Debt Management is the secret to becoming Debt Free



--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

2 Things To Know Before Accepting Credit Card Offers

A Client, a Credit Card Rep and I were on the phone.

We were speaking with a Credit Card Rep while shopping around for a good balance transfer rate. We found a rate that I liked and so I suggested that my client apply for an account.

So my client applied for the card. After about 10 minutes on hold, the Credit Card Rep broke her silence and said,"congratulations you have been approved for our gold credit card". I relaxed in my chair and breathed a sigh of relief because my client needed this card to get out of a bad financial situation.

The Credit Card Rep continued "You should receive your card in about 7 to 10 days. Your interest rate will be a variable rate between 3.99% and 19.99% based on the prime rate as published in the Wall Street Journal".

Then to my surprise, my client asked the Credit Card Rep, "can't I get a Libor Rate applied to this card?" Good question but for the wrong card.

Prime vs. Libor Rates

There are two Credit Card Rates that every Consumer should be aware of; PRIME Rate and LIBOR Rate.

Some Credit Cards use the Prime Rate which is based on the Federal Funds Rate. The Federal Reserve Bank manages the Prime Rate.

Other cards use the LIBOR Rate. LIBOR stands for London Interbank Offered Rate. Usually the LIBOR Rate is lower than the Prime Rate.

For example, Capital One uses the LIBOR Rate whereas, Bank of America uses the Prime Rate.

For this reason it is important for the Consumer to keep track of the Rates. Knowing the difference between the Prime and Libor Rates can save a Consumer up to thousands of dollars in interest payments over the life of the card.

ABC News Reports: Consumers Can Settle Their Debt - For Themselves

There used to be about 20 debt settlement companies in the United States. There are now closer to 2,000. Debt Settlement Companies skyrocketed after federal law changed, making it harder to qualify for bankruptcy.

But many Consumers have had success approaching their credit card companies themselves and offering settlements for less than the total amount they owe.

There are signs that more credit card companies are accepting these offers in this recession economy in order to get something now rather than nothing later.

For more on this ABC News Report click here: Credit Solutions of America's Clients Say Debt Grew Under Company's Guidance - ABC News

Real Estate Attorney Warns Bankruptcy is Not the Easy Way Out

Bankruptcy is Not the Easy Way Out

From: Real Estate Lawyer in Miami, Florida.

Real Estate Lawer in Miami Florida, warns that Bankruptcy is not an easy way out.

"Going Bankrupt, Declaring Chapter 13 bankruptcy is the last thing you want to do. The ramifications reach far beyond any discharge of the debt and stays on your credit record for years.

Bankruptcy makes your life miserable and you have a strict repayment schedule, along with guidelines to meet, to satisfy the terms of the bankruptcy agreement. If there is any other option, then try to find another way to get out of debt.

Settle your Debtoing BankruptDeclaring Chapter 13 bankruptcy is the last thing you want to do. The ramifications reach far beyond any discharge of the debt and stays on your credit record for years.

Bankruptcy makes your life miserable and you have a strict repayment schedule, along with guidelines to meet, to satisfy the terms of the bankruptcy agreement. If there is any other option, then try to find another way to get out of debt. Settle your Debt."

4 Credit CARD ACT Fact's That Every Cardholder Should Know About

What changes to Credit Cards are going into effect today? Keep reading today's article to find out.

1. The first of three phases of the Credit 'CARD Act' go into effect today.

Starting today, Credit Card Companies will have to send Consumers interest rate increases at least 45 day's in advance of the increase. Within the 45 day period, the Consumer can "opt-out" of the rate increase.

2. The is no limit to the amount of interest that can be charged on Credit Cards.

One of the down-sides to the Credit CARD ACT, is that there is no established 'Usury Limit'. Usury is just a fancy word for Interest. This means that the Credit Card Companies, can charge almost as much interest, as the Card Holding Consumer, will let the Card Company get away with.

That's why it's so important for Consumers to not fear engaging in combat with the Credit Card Companies for lower rates.

3. Fixed Interest Rates may be discontinued.

Debt Warriors sources report that Fixed Rate Credit Cards may be a thing of the past. Because of the Credit CARD ACT, many lenders are not offering any Fixed Rate Credit Cards. What this means is that every Credit Card holder should be concerned about their rates being raised.

4. Minimum Monthly Payments Are Being Raised.

For years the standard minimum monthly payment was about 2% of the total 'Outstanding Balance'. Not anymore! Credit Card Companies are now requiring at least a 5% minimum monthly payment.

Actually this is not that bad of a change. For years I have advocated for Card Holders to make bigger monthly payments. So I think making bigger payments is actually a good thing.

There are many other CARD ACT provisions that go into effect in February 2010. Feel free to subcribe for Debt Warriors email updates, listen to Debt Warriors Radio, or follow us on twitter.

--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

Top 3 Options To Avoid Judgement On Default Credit Cards

How Does One Aviod Judgement On A Credit Card In Defalult?

Make no mistake. Credit Card Companies can and often do sue Debtors/Consumers, to collect on the past-due balance on Credit Cards. While working at a Bankruptcy Prevention Law Firm, I witnessed a number of Clients being sued for Credit Card Debt.

Luckily my team was able to help a majority of the Clients prevent being sued for Credit Card Debt. Today, I'll break down the Top 3 Options to avoid Judgement on Default Credit Cards.

Before we get started, it's important to know that the response to being sued, mostly depends on the person in Credit Card Default. But below are three options for the Consumer to consider.

1. Pay the past-due balance.

This first option is like surrendering to the Debt. Why? Because many Debtors/Consumers have been tricked and trapped into more debt. And sometimes what the Creditors say you owe may not be accurate. So before one uses this option, it's best to do due-diligence and verify that what is claimed to be owed - is accurate.

2. Learn The Particulars.

Is the Debt collectible? Has it passed the Statue of Limitations for Collections? Is the business suing when they don't have any right to sue? These are a few of the particular questions that the consumer needs to address before surrendering to the debt. It's important to check the particulars before the Consumer goes to Court to defend themselves.

3. Come to a Settlement Agreement.

Once a Consumer is to the point where they are being Summoned to Court for the past-due balance, it's likely that they can settle the account before going to Court. Settling out of Court is a valid and safe option, but only if done properly.

--------------------------------------------------------

DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

Beware of New Bank Fees

Beware of New Bank Fees

Shared via AddThis

Denied Credit? Be Direct, Get Specifics

Millions of Americans are suffering through the hassles of Credit Denials.

Everyday, American Consumers are attempting to apply for a new Credit Accounts, only to be turned-down, for unspecific reasons.

But what would make anyone, seek out new Credit in this sluggish Economy? Many American Consumers are just sick of what the new Credit Terms are doing to their Finances. The Terms have changed, and so, the Consumer wants to change.

But often many American seeking better Credit Terms, try to apply for Credit only to find rejection. So what should American Consumers after they've been rejected for Credit?

The Federal Trade Commission ("FTC"), Provides some practical tips:

• Get specific: know why the application was rejected. The creditor must tell Consumer the specific reason for the rejection. Consumes are entitled to learn why they were denied Credit upon request, within 60 days.

An acceptable reason might be: “your income was too low” or “you haven’t been employed long enough.”

An unacceptable reason might be “you didn’t meet our minimum standards.” That information isn’t specific enough.

• Consumers should check their Credit Reports.

I was helping a Woman last week who was looking to do a Balance Transfer to a new Credit Card. She was seeking better terms. But when she called the Credit Card Company, she was rejected. When she asked why she was turned down, the reply she got was, "you'll have to check your Credit Report".

I informed her of her Rights under the Equal Credit Opportunity Act and told her that the bottom-line was that it was her responsibility to contact the Credit Card Company for specifics.

She called and found out that her "Debt to Income Ratio was too high". What means that her Debt is too high compared to her Income. She had too many Outstanding Balances on her Cards and that spelled trouble for the Creditors.

Tragically, she was someone that I couldn't help get out of that card. I told her to keep making her minimum monthly payment, and increase it by $5 to $10 extra every month.

In this case the Creditor did nothing illegal. It may have been ethically wrong but not illegal. If the Creditor had acted illegally, The FTC spells out the damages the Creditor could have suffered in Court.

--------------------------------------------------------

DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

When Bad Credit Reports Pose Problems For Job Applicants

True or False?

Employers Routinely Review Job Candidates Credit Reports.

It's true. Employers are routinely scanning through applicants Credit histories as part of a "Background Check".

Some shocking examples of when Employers Consider Credit Reports are:

• When employers are considering applications for employment.
  
  
• When making a decision whether to offer employment.
  
  
• When deciding whether to continue ones employment (after being hired).
  
  
  
• When making other employment-related decisions directly affecting the Employee.

These terms are defined in the Fair Credit Reporting Act ("FCRA").

The ugly truth is that employers may wish to obtain and use a "consumer report" from a "consumer reporting agency", as part of a 'Background Check'.

When Background Check are run,Job Applicants with a bunch of 'negative information' on their Credit Reports, will find future employment more frustrating.

What Can a Job seeker do before they Apply for that dream Job?

1. Applicants can check their free Credit Report at www.annualcreditreport.com.

The FCRA requires all of the Big 3 Credit Bureaus to provide American Consumers with a free copy of their Credit Report, once every 12 months. There may be inaccurate and negative information that could damage a Job Candidates prospects for employment.

2. Combat Credit Inaccuracies.

Before engaging in the endless search for a good paying Job, it's a good idea for the Applicant to evaluate their Credit Reports. The goal is to address any negative and inaccurate information before the interview.

3. Dedicate some Patience to the "Do It Yourself" Credit Repair process.

Anger and frustration is common among Job Seekers. As the bills pile up with more on the way, it's understandable if ones reserves of Patience simply run out. But it's never a good idea to spend time being angry about something one can control or improve - for themselves.

Instead of getting upset, from being turned down, Job Seekers can learn how to do what the Federal Trade Commission suggests - "Do It Yourself Credit Repair".

-------------------------------------------------

DEBT WARRIORS™ are not Attorneys. WE ARE experienced "Do It Yourself", Credit Repair Debt Management, Negotiation, and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
--------------------------------------------------

What is the tried, tested and secret formula for applying for a new Credit Card?

Everyday Americans are feeling the rejection of Creditors. But I don't want you to feel reluctant to apply for new Credit (especially) if you are already dealing with disappointing Terms and Conditions for Credit.

The video below, from the "Credit Card Medic Debt Elimination Video Course" reveals the secret formula to apply for new Credit in a safe and responsible way.

I wanted to share with you the standards for applying for a new Credit because there are "other" methods others have tried to use that have back-fired on them.

My years of experience helping hundreds of clients reduce their Credit Card Debt is the basis for this video.

Don't be deterred from winning your War on Debt. Feel free to follow us on Twitter.

Don't be disturbed by rejection - Defeat the cause instead.

The tested and trusted formulas for applying for Credit in a safe and responsible way are right here. Debt Warriors Do It Yourself Debt Management Video Courses, Forms and Software inform you of what tactics to use to heal your Credit and Defeat your War On Debt.

Join the Army of Americans choosing to not to surrender, but to WIN their WAR on debt!

-------------------------------------------------------------------------------------------------

Debt Warriors ARE experienced Do it yourself Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). J. Carlton Ford is not an Attorney. The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

The 6 C's Of Credit

1. CHARACTER: A.k.a. ones ‘Good Name’.
   
   
2. CAPACITY TO PAY: Means having the income to pay the loan back with interest.
   
   
3. CAPITAL: How much money the borrower has.
   
   
4. COLLATERAL: Does the borrower have anything of value? (like money, a home, or jewelry). Collateral can be taken away or (repossessed) if the borrower fails to pay back the debt.
   
   
5. CONDITIONS: Conditions include; the kind of job the consumer has, time on that job, how many years at the same address, how old they are etc.
   
   
6. CONFIDENCE:A successful borrowers Credit Report gives confidence or concern to the lender. Many consumers have Inaccurate and false information on their Credit Reports hurting their Credit Score.

--------------------------------------------------------
DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
------------------------------------------------------

President Obama Signs the “CARD ACT”

President Obama signs Credit Card Accountability, Responsibility, and Disclosure Act The “(Card) Act” is a Law that addresses the reality that 80% of Americans have Credit Card Debt and 44% of Credit Card Holders carry a balance month to month.

read more | digg story