Debt Help For Single Mothers

Having debt adds to the already heavy financial burden that single mothers bear, but unfortunately, it is an increasingly common occurrence in today’s financial world due to credit cards and loans being offered with higher interest rates. At SingleMomFinancialHelp.com, if you need debt help, we want to give you ways to overcome these obstacles by providing you with information about consolidating or managing your debt, as well as details about bankruptcy, and how best to communicate with debt collection agencies.

Resist Temptation After Debt Consolidation

May 7, 2011

There are a lot of articles about the pros and cons of debt consolidation. The benefits of consolidation seem to outweigh the risks. After all, you are lumping all of your monthly payments together into one manageable payment which usually means you are paying out less each month. That’s a good short term reason for [...]

Negotiating with the Credit Card Company

April 27, 2011

Paying down credit card debt is a difficulty faced by many single moms. The problem is wide spread, so don’t let your difficulties make you feel alone. It’s not a time to panic, but a time to take control. When you send in late payments, or even completely miss the payments, the company that you [...]

Debt Collection Tactics to Watch For

April 25, 2011

You likely know that a debt collector could come calling if you fail to pay what you owe, but what you may not know is that a debt collector may come calling for someone else’s debt. Sleazy debt collection tactics prey on unsuspecting, and innocent, individuals who feel they have no recourse but to pay [...]

Emergency Credit Needs During Bankruptcy Troubles

April 21, 2011

Filing for a Chapter 13 bankruptcy may protect you from having to deal with your creditors as you work to fulfill your payment schedule that was set up for you. Unfortunately, there is no such thing as being protected from other catastrophes that befall the life of the single mom. You understand that you can’t [...]

Debt Consolidation Loans: Do You Qualify?

April 4, 2011

Once you’ve made the decision to take out a loan to consolidate your debt, check your credit report to see if there are any unpaid debt collections or past due balances that are going to lower your credit score and make it harder to get the loan. Credit scores are usually in a range from 300 to [...]

Debt Collection Calls: How to Respond

March 30, 2011

As a single mom, dealing with collection calls is something you will have to figure out if you have a lot of debt that you cannot pay. You will not have another individual to pass the phone off to. These calls are something you can handle on your own with a little forward thinking, provided [...]

Debt Collector Tactics and How to Handle Them

March 26, 2011

When the single mom falls behind on her payments, the letters from the debt collector start arriving in the mailbox and the telephone starts ringing. Sometimes it’s hard to face the necessity of opening the envelopes or picking up the phone, and the task is avoided until mom feels she is better equipped to deal [...]

Foreclosure vs. Bankruptcy – What’s the Best Option?

March 22, 2011

Did you know that a bankruptcy does less damage to your credit report than a foreclosure does? Many lenders see a bankruptcy as an option a person takes to catch up with their debt by restructuring it, giving them time to repay. This was the intention of the bankruptcy laws in the first place. Huge [...]

Finding a Good Debt Consolidation Program

March 11, 2011

Sometimes debt just gets out of control. As a single mom, you may have missed the warning signs that you are incurring additional late payment fees. Perhaps you have felt helpless as you watched the interest rate on your credit cards creep up. Maybe you’ve felt so overwhelmed that you’ve ignored the problem because you felt you just couldn’t deal with [...]

Best Tips for Talking With a Debt Collector

March 2, 2011

Debt collectors are trained in getting the people they talk with to pay what is owed. You need to know what to expect when they call so you can combat some of their unethical practices and stand up for your rights. Before you get to the position of talking with a debt collector, understand your [...]

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