Welcome to Debt Management Guide
Secured Debt Management Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Consumer Debt Management: Is This Financially The Best Decision?
from:The risks and worry are there for anyone who is considering consumer debt management. They are worried that this may or may not be the right way for them to dig out of debt. With any debt management program, you do have to consider the financial goals you have and if they can be improved through these programs. There are good and bad aspects of debt management like this, but it is up to you to find the best opportunity out there.
With consumer debt management, take some time to do some calculations. On a piece of paper write down all the debts you have, how much you owe, the monthly payment as well as the interest rate on each credit card, personal loan or other unsecured debt you may have. Then, log into an online debt calculator and figure out the details of your specific situation.
For example, let us say that you are an average American that has about $8000 in credit card debt and you are struggling to pay it off. Let us assume you are paying 20 percent interest on those credit cards each. You are likely paying at least $200 a month to this credit card as a minimum payment. If you do this, it will take you 425 months to get rid of your debt altogether and it will cost you not only that $8000 but also $15,465.86 in interest payments. This is a very costly situation to put yourself into, during those 425 months; you have to deal with the problems and stress that comes with it.
As you can see, a consumer debt management program may be the best route for you to take, especially if you have more debt or higher interest rates. With the help of consumer debt management, you can benefit from:
• Lower interest rates
• Fixed monthly payments that may be lower
• Reduced amount of repayment
Plus, the consumer debt management companies will work with your lenders directly which means you do not have to worry about dealing with them on a day to day basis with creditor phone calls. Most programs can help you to get out of debt faster, sometimes as fast as just a few months or a few years. Remember 425 months is over 35 years! You definitely want to work with these professionals whenever possible.
For many people, consumer debt management is the best route to take. There is no doubt that you will find plenty of things to do and see in your life, but you will be limited by your debt if you do not get a hold of it now.
Secured Debt Management Specific links
Secured Debt Management News
Diamond Foods Secures $225 Million Investment From Oaktree Capital Management - MarketWatch (press release)
 ValueWalk | Diamond Foods Secures $225 Million Investment From Oaktree Capital Management MarketWatch (press release) The recapitalization will allow Diamond to further strengthen the Company's leadership position in the walnut industry, continue the growth of its snack business and reduce the amount of existing bank debt. The transactions are expected to close by the ... Diamond Foods Gets $225 Mln Investment From Oaktree Capital Management Oaktree investing $225 million in Diamond Foods |
TEXT-Fitch affirms FirstEnergy's utility subsidiaries ratings - Reuters
TEXT-Fitch affirms FirstEnergy's utility subsidiaries ratings Reuters Fitch has taken the following rating actions: Ohio Edison Company -- Issuer Default Rating (IDR) affirmed at 'BBB-' --Senior Secured debt affirmed at 'BBB+' --Senior unsecured debt and revenue bonds affirmed at 'BBB' --Short-term IDR and commercial ... |
Fitch Affirms Florida Atlantic University's Housing System Revs at 'A+' - MarketWatch (press release)
Fitch Affirms Florida Atlantic University's Housing System Revs at 'A+' MarketWatch (press release) The bonds are secured by a net revenue pledge of FAU's housing system (the system). STABLE CREDIT CHARACTERISTICS: The 'A+' rating reflects the system's history of positive operating performance, fueled by enrollment growth and strong demand for ... |
Apollo Investment Corporation Enters New Four-Year $1.14 Billion Senior ... - MarketWatch (press release)
Apollo Investment Corporation Enters New Four-Year $1.14 Billion Senior ... MarketWatch (press release) The Company provides private debt market solutions to middle market companies in the form of senior secured, mezzanine and asset based loans and may also acquire equity interests. The Company seeks to provide private financing solutions for private ... Apollo Investment Management Discusses Q4 2012 Results - Earnings Call Transcript |
Fitch Rates Peoria, AZ Ser. A (2012) and B (2012) GOs 'AA+'; Outlook Stable - MarketWatch (press release)
Fitch Rates Peoria, AZ Ser. A (2012) and B (2012) GOs 'AA+'; Outlook Stable MarketWatch (press release) MANAGEABLE DEBT: The city's overall debt is manageable, and payout is above average. The 10-year capital plan represents less than half of its earlier levels, as management has pared back spending in light of reduced needs and recent tax base declines. |