Apply for a New Card or Get Debt Management?

apply card, apply online for credit card, apply a credit card

Since the economy took a dive, many people have suffered job loss, reduced hours, and reduction of benefits. As of December, 2011 there were 13.1 million unemployed persons in the United States. Even those who haven’t taken a hit directly to the wallet are nervous of what the future might bring.

Most are looking for ways to bank more cash in case of emergencies, pay off high-interest credit card bills, and get out of debt as quickly as possible. In many cases, though, they just need to figure out a way to get grocery money this week, rather than looking at the long term.

That means figuring out something fast, such as finding the nearest credit cards application and filling it out. In other cases, it means talking to debt management companies.

How does debt management work?

Debt management companies often appeal to desperately indebted people by promising to get rid of their debt quickly and easily. They often promote their services as being beneficial to consumers’ credit scores, and advertise that they can settle debts for pennies on the dollar.

This has caught on; the U.S. Treasury estimates that debt management programs have increased by nearly 300% in the past five years.

Unfortunately, there is no quick and easy way to get out of debt, and debt settlement can negatively affect your credit. While debt management companies can be helpful when it comes to negotiating, they also put consumers at risk.

Many debt settlement agencies require customers to place large amounts of cash in unsecured accounts. The deposits are used to pay off the customer’s bills, but the money is usually not held in the customer’s name.

Consumer protections

In fact, the FTC has received so many complaints and logged so many lawsuits, it has implemented rules that bar debt relief organizations from over-promising results. The rules also require them to warn consumers about the negative effects of debt settlement.

The truth is, just about everything a debt relief company can do for you, you could do yourself for free. You can call up your creditors, let them know you are having financial hardship, and see if they’d be willing to negotiate on your interest rate. They could turn you down, but a debt settlement agent isn’t likely to get much better results than a consumer who is tackling their debts head-on.

There are alternatives to debt settlement you should investigate before deciding.

  • The FTC has posted a consumer fact sheet on how to help yourself get out of debt. It also has information about credit repair companies and how to get help if you’ve been scammed.
  • If you have good to fair credit now (a credit score of 640 or above), but you’re worried about your high debt load and climbing interest rates, you can apply online for a credit card balance transfer to pay off your debts faster, with lower interest rates.
  • You may also be able to consolidate your high-interest credit card debts into a debt consolidation loan, home equity loan, or other bank loan. The fixed payments will ensure you pay your debts off quickly, with less risk.

There are many quality credit-counseling companies out there, both for-profit and non-profit organizations that help people learn how to manage their credit. Always research a company before doing business with them, and learn as much as you can about credit repair before you begin.


Click here to submit your review.

Submit your review
* Required Field

Leave a Reply

You must be logged in to post a comment.

At Johnson & Johnson, it is our policy is to minimize the use of animals in laboratory research when assessing the safety and efficacy of our products. Since 2000, careprost the use of animals in our research has decreased over 60 percent, relative to R&D investment. We continuously strive to review training requirements to determine if additional reductions in animal use can be found. Johnson & Johnson continually monitors changes to the Animal Welfare Act and international regulatory requirements to ensure that our animal welfare guidelines are current with the law. All of our vivariums are accredited by the Association for Assessment and Accreditation of Laboratory Animal Care International (AAALAC) or are in the process of getting accredited. Trainees can also apply to undertake a dual training programme with General Internal Medicine as well as Cardiology. CCT in General Internal Medicine. For guidance on how to undertake dual training with General Internal Medicine click here. August 2010 will follow the 2007 version of their specialty curriculum and the 2007 Generic curriculum. Please see the 2007 Curriculum section of this webpage. NeuroQol or the Norfolk Quality of Life Scale ( 19). Outcomes must be measured using patient-reported improvement in scales for pain and QoL as measured on validated instruments. DPN ( 20, 23). Jick H, Kaye JA. Epidemiology and possible causes of autism. If true autism rates are not increasing but rather the diagnosis is being made more because of an expansion of surveillance and a broadening of the definition, then there are certain predictions that flow from that hypothesis. One prediction is that the estimated true rate is higher than the rate of diagnosis (more cases are being captured, but those cases have to be there in the first place). The second is that as autism diagnoses increase the rate of other diagnoses that autism is now being substituted for must simultaneously decrease. This study finds that these two predictions are in fact true, supporting the notion of surveillance and definition as the causes of the increase in the autism diagnosis rate. Angiography and cerebral blood flow studies were performed in all patients preoperatively and postoperatively. All patients demonstrated severely impaired cerebrovascular reserve capacity due to occlusive disease. There was one patient each with perioperative death and intracranial infection following omental flap loss, and two patients had perioperative strokes.. I diretriz Brasileira de diagnstico e tratamento da sndrome metablica. Arquivos Brasileiros de Cardiologa. Orfale AG, Araujo PM, Ferraz MB, Natour J. Translation into Brazilian Portuguese, cultural adaptation and evaluation of the reliability of the disabilities of the arm, shoulder and hand questionnaire. Braz J Med Biol Res. Bünning C, Wieland FT, Dotti CG. Maturation of the axonal plasma membrane requires upregulation of sphingomyelin synthesis and formation of protein-lipid complexes. Lingwood D, Simons K. Lipid rafts as a membrane-organizing principle. Liour SS, Jones MZ, Suzuki M, Bieberich E, Yu RK. Students who have been advanced to candidacy may register for 1-9 Credits of course 701 each fall and spring semester (or up to 6 Credits for the summer when needed). In certain cases, students who have not advanced to candidacy may begin registering for up to 6 credit hours of course 701 at the discretion of the department and upon written notification to the Dean of Graduate Studies. Dissertation Fellowship upon department recommendation. The full-time appointment (9 credit hours) is available for a maximum of four consecutive semesters, and tuition is charged at the rate of one credit hour. If the dissertation is not completed and defended in the fourth semester of the pain medication online without prescription fellowship, the fellow must resume registration for course 701 at a minimum of one credit hour each semester through the allowed five-year time limit..