Active Military Receive Free Service
Debt Reduction Services Supports Our Troops
Free Military Credit Counseling
New Program Announcement:
Debt Reduction Services Inc., a nonprofit credit counseling organization, supports America’s Service Men and Women. We sincerely express our gratitude for their efforts and commitment to providing a safer world for all.
As a token of gratitude we would like to offer any active Military member, regardless of Branch or Services rendered our services at no cost. Continue reading “Active Military Receive Free Service” »
Join us on Facebook
I’d like to invite all of you to join us on Facebook.
All you have to do is click on the following image to the left or click on this link: www.Facebook.com/DebtReductionServices and press the ‘Like’ button towards the top of the page.
Take part of the contests and activities, most of which only require actually liking our Facebook page.
For example, this week we are giving away a copy of the ‘High School Money Book’ and at the end of the month we will be drawing one lucky winner to receive a $100.00 Visa Gift Card.
It’s our way of saying thanks for following us and helping support our mission of helping others learn to live debt free.
So head over to www.Facebook.com/DebtReductionServices to follow us and join in. We hope you’ll find our page to be informative, fun, friendly and supportive.
As a follower of our Facebook profile we encourage you to post your questions, comments or thoughts in the forum section of our page.
Thanks and we hope to see you on Facebook soon!
Joint Council for Credit Education
Debt Reduction Services is pleased to announce our membership with the Joint Council for Credit Education.
The JCCE was created to help enhance consumer awareness of member organizations and the services they provide in helping assist individuals in living free from the pitfalls of debt. Continue reading “Joint Council for Credit Education” »
Seven Ways to Make Debt Consolidation Work
Making Debt Consolidation Work
Debt Consolidation can be a great way to dig yourself out of debt. Following the following tips can make your experience a bit easier and more rewarding.
The most important thing to keep in mind is that Debt Consolidation isn’t an overnight fix and will take time and patience to make it successful.
Hence the number one tip about how to make Debt Consolidation work:
1. Remain patient. For many of us wanting to repay our debt there is no quick or easy way to do it. The act of debt consolidation can be tedious and time consuming. Just remember to keep your efforts and your spirits up because at the end of it all your goal is to be as debt free as possible. The reward is well worth the wait. Continue reading “Seven Ways to Make Debt Consolidation Work” »
Debt Repayment Options Made Simple
Guide to Debt Repayment Options – The Just About All You’ll Ever Need to Know Version
One of the most talked about, written about and thought about financial topics in this country is, and has been since its founding, the best way to get out of debt (and then, hopefully, stay out of debt). Yet for all of the tongue wagging, ink wasting, and energy squandering on this endeavor, most American still have an extremely poor, if not completely mistaken, idea of what options they have available to them when they are ready to repay excessive consumer debts. Continue reading “Debt Repayment Options Made Simple” »
To Bank or Not to Bank? Is THAT the real question?
I recently met with a couple who were dead set against ever having a checking account again. It’s not that they didn’t understand the value of a checking account but that they had gotten themselves into trouble writing checks for more money than their account had.
They have decided to use cash only or, only if required in the future, use a prepaid card. For them, seeing their money was they only way of knowing how much they had left to spend until the next paycheck. Continue reading “To Bank or Not to Bank? Is THAT the real question?” »
Myth or Reality: The Credit Reporting and Scoring Systems Unfairly Hurt Low-income Individuals
I’ve frequently heard from participants in my “Credit and the Interest Insomniac” workshops, as we discuss credit reports and scores and they have a real dollar-value impact on household finances, that it is not fair that individuals with less income have to pay higher interest rates. This is especially true when we I show how an individual with poor credit would pay $2,000 to $4,000 more annually for the same house as an individual with excellent credit. Participants assume that the person with poor credit is a low-income individual and the one with excellent credit is a high-income individual.
Credit Card Relief
In desperate need of relief from your overwhelming credit card debt? Truth is your not alone.
Things can tend to spiral out of control when your credit cards are at their maximum and you find yourself paying more and more towards interest and less towards the balance of the cards.
Relief can come in various forms and not all will require you to seek outside help. Continue reading “Credit Card Relief” »
Plastic or Cash?
With all the talk about the dangers of credit cards, it might be easy to decide to bury your Visa, MasterCard, American Express or Discover cards in your back yard and just stick with your debit card instead.
Before doing so, you should be aware that studies have indicated that regardless of whether you use a credit card or a debit card, you still spend about 12% more than you would have if you were to use cash or a check. Continue reading “Plastic or Cash?” »
Love and Money
1 Key to Personal Finance Partnership
There are so many great ideas for improving one’s personal financial situation. But that’s just it. A lot of those tips are for “one,” not for partners. There are some books (e.g. Financial Bliss by Bambi Holzer) and studies out there regarding love and money, but not enough.
However, I personally believe that one simple step, more than everything else, would do more good in a couple’s personal finances than anything else. And in spite of the fact that we teach budgeting every day at the National Financial Education Center at Debt Reduction Services Inc, it’s not a budget. Continue reading “Love and Money” »