Rancho Cucamonga, CA (PRWEB) January 16, 2006

In order to help consumers locate important information about Debt Consolidation, this month, DebtDIY.com has unveiled the Debt Consolidation Information Center. This new addition to the DebtDIY.com web site includes hundreds of articles which can help consumers get answers to important questions that they may have about Debt Consolidation.

The Debt Consolidation Information Center also includes hundreds of links to additional resources online for people in need of assistance in making informed decisions. Some of these resources include information about Debt Reduction, Debt Consolidation, Student Loans, Credit Card Debt, Mortgage Loans and much more.

The addition of the Debt Consolidation Information Center is another step towards DebtDIY.com’s ongoing mission of providing valuable information to help educate consumers. For more information, please visit us at http://Loans.DebtDIY.com or at http://www.DebtDIY.com.

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Related Debt Consolidation Press Releases

Madison, WI. (PRWEB) July 29, 2009

Wesley Young, legislative director for The Association of Settlement Companies (TASC), will be a panelist at the Payment Cards Center Conference held July 30-31 at the Federal Reserve Bank of Philadelphia.

Young is scheduled to speak on Friday at the conference entitled “The Future of Consumer Credit Counseling.” The topic of his panel is “Credit Counseling in the Current Economic Environment.”

“Credit counseling looks to simply reduce interest rates, while debt settlement works to reduce the total amount owed,” Young said. “Thus, I’m looking forward to discussing how debt settlement is a credible option for consumers struggling with unsecured debt.”

Young, who has led TASC in getting fair legislation passed to ensure responsible conduct among debt settlement companies, also spoke at the National Conference of State Legislatures Legislative Summit last week.

The other speakers on the panel are Suzanne Boas (Consumer Credit Counseling Service), Joel Greenberg (Novadebt) and Chris Kohl (JPMorgan Chase).

About The Association of Settlement Companies

The Association of Settlement Companies (TASC) promotes fair business practices, consumer protection and industry standards for the debt settlement industry. TASC, founded in 2005, serves to protect consumers through an organization seal that represents best practices and standards of reputable companies. The organization also protects its member companies through lobbying efforts at the state and national levels, as well as awareness initiatives to educate consumers on debt settlement as a financial solution. All TASC member companies pledge compliance to strict association bylaws governing business practices and ethics. For more information, visit tascsite.org.    

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(PRWEB) October 30, 2004

Many people contact us when they are 30, 60 and 90 days in their mortgage payments. If they are this late with their house payment they are generally behind with the car and have several credits cards that are maxed out.

A simple debt consolidation loan would take of all these troubles. By using the equity in your home all the debts would be paid off and you are left with a clean slate and generally spending less money every month.

One benefit to a debt consolidation loan that often overlooked is the tax advantage. Interest on a home loan is tax deductible where interest on credit cards and cars are not.

Our office received a call early one morning from a man desperate to save his home and needed foreclosure help. He was already 90 days late on his mortgage and desperately needed to refinance and pull out money to pay off enormous debts.

He had just started a new job where he actually was making less money than before, and was in a real financial bind. His poor credit made it difficult for him to even qualify for a loan, let alone a low interest rate. To make matters worse, the next day he received a notice of default on his property.

This man was worried that his family would have no place to live. He was reassured that we would save his home and help him through this difficult ordeal.

We began immediately researching ways to help this client and found a lender willing to work with him and save his home just in the nick of time. His mortgage payment stayed about the same and he was able to pay off more than ,000 in other debts, which alleviated several hundred dollars in credit card payments every month.

More importantly, this man’s house was saved and his family was in a much stronger financial position.

“A bank is a place that will lend you money, if you can prove that you don’t need it,” Bob Hope once quipped. But when you are going through a bad financial spell, you need an institution that will stand by you.

Banks tend to make loans that are risk-free to them. It is hard to imagine that any bank would have helped him in this situation. But as a nationwide mortgage banker we have ongoing relationships with lenders that specialise in different types of loans. This knowledge allowed us to help a client save a family home from certain foreclosure.

Although we have the ability to help in extreme situations such as this, we highly recommend that homeowners take action long before desperation sets in.

For more information call 866 398 4664 or please go to:

http://www.goldmedalmortgage.com

http://www.californiahomeloans.netfirms.com/10/California-Debt-Consolidation-Home-Mortgage-Loan.html

http://www.californiahomemortgage2.netfirms.com/10/California-Debt-Consolidation-Home-Mortgage-Loan.html

http://www.californialoans.netfirms.com/10/California-Debt-Consolidation-Home-Mortgage-Loan.html

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North Huntington, PA (PRWEB) May 23, 2005

The United Consumers Advocacy Network (UCAN) announced today an alliance with Apex Law Group and its national network of attorneys to offer legal support to clients of debt relief companies that subscribe to UCAN’s services.

The alliance will offer a broader range of services ranging from basic advocacy to legal representation in court if a client is sued by a creditor or if a creditor violates a client’s consumer rights. Apex will also offer bankruptcy solutions to clients whose financial situation worsens and are unable to continue their debt relief program.

UCAN executive Dave Leuthold says that there is a growing need to protect consumers enrolled in debt relief programs against abusive collection practices and creditor lawsuits.

“As a third-party advocacy firm, creditors are usually willing to work with us once we get involved in a case,” explains Leuthold. “However, cases do arise that necessitate legal intervention and this new alliance gives us greater access to attorneys to safeguard clients from lawsuits and violations of consumer protection laws, such as the FDCPA.”

The Fair Debt Collection Practices Act (FDCPA) was passed in 1977 because of the tremendous volume of complaints the Federal Trade Commission received from consumers and consumer advocacy groups about unethical debt collection practices. Violations can be costly for debt collectors as each carries a potential ,000 civil penalty in addition to actual damages suffered by the consumer. A class action lawsuit for FDCPA violations could cost a collection agency up to half a million dollars.

“Clients of debt relief companies can barely afford to repay their debts, much less an attorney to defend against creditor-initiated lawsuits,” explains Dharma Naik, lead consumer rights attorney for Apex. “This alliance provides legal assistance to clients who would otherwise fall victim to default judgments because they simply did not have access to an affordable attorney.”

UCAN services are available to clients of debt relief agencies who subscribe to UCAN’s services.

About UCAN: The United Consumer Advocacy Network was formed in 2001 by experienced industry veterans to offer advocacy support and services for clients of debt relief agencies. UCAN serves the needs of debt relief companies and their clients as they face the growing problem of abusive, harassing and unfair practices of creditors and their collection efforts. For more information, please call 1-877-462-UCAN or visit their website at www.ucan.net.

About Apex:

Apex Law Group, LLC, is a law firm based in Columbia, Maryland, that offers bankruptcy, civil litigation and debt resolutions services. For more information, please call 1-877-502-2739 or visit their website at www.apexlawgroup.com.

Contact:

Dave Leuthold

1-877-462-8226

info@ucan.net

UNITED CONSUMERS ADVOCACY NETWORK

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Salt Lake City, UT (PRWEB) June 19, 2007

A recent poll by GuideToLenders.com, an online consumer resource for broker and lender information, indicated the homeowners are increasingly interested in mortgage refinancing to convert their adjustable rate mortgages (ARMs) into fixed rate mortgages (http://www.guidetolenders.com/). Over twice as many borrowers selected this reason as their top motivation for refinancing in April than did in February.

Other data supports the idea that homeowners are being more cautious in their financing and taking a longer view. According to Dow Jones MarketWatch, 41.9 percent of all loans originated by mortgage companies in January 2006 were ARMs. That figure plunged to 18.4 percent in March of 2007. A MarketWatch article claims that consumers have been “fleeing to the relative safety of fixed-rate loans over the last 15 months.”

Additionally, according to GuideToRealty.com, the rate of foreclosures has increased with the interest rates on adjustable rate mortgages (http://guidetorealty.com/calculators/costownerhip.jsp). Interest rates on ARMs have risen more than three full points over their recent historic lows. Even borrowers who aren’t in trouble with their mortgages are concerned. A survey released by TransUnion’s TrueCredit.com indicated the following:

    24 percent surveyed were concerned about the cost each month of their loans.
    13 percent worry that they will owe more on their home than it’s worth.
    11 percent are anxious about the payment increase when their ARMs adjust.
    7 percent are pessimistic about their ability to refinance their mortgages.

GuideToLenders.com (http://www.guidetolenders.com/) advises borrowers to assess their current adjustable rate loan on several fronts before deciding if a mortgage refinance to a fixed rate is the best move. Chief considerations are the time the homeowner expects to remain in the home (no reason to undertake a long-term solution for a short term problem), the interest rate caps on the ARM (if the caps are low then prevailing interest rates matter less), and where the mortgage fits in with the borrowers’ overall investment strategy (building equity in the home versus manufacturing cash flow for other investments). GuideToRealty.com and GuideToLenders.com both offer mortgage calculators to help homeowners determine whether to refinance their mortgages.

GuideToLenders.com is a consumer resource featuring guides on how to find the right lender or broker to provide options to best suit consumers’ needs. The site has a variety of free tools and tips and provides an easy way to find multiple lenders to help consumers with their lending needs. Products offered by the lenders/brokers include new home financing, refinancing, home equity line of credit, and debt consolidation loans. To find out more, visit http://www.GuideToLenders.com.

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