Is Your Honesty A Testimony To God?


By 


Expert Author Ozeme J Bonnette
When Laban and Jacob were parting ways, it was time for Laban to pay out Jacob for his years of work. In Genesis 30:32-33, Jacob proposed that Laban give him the spotted, specked, and dark-colored animals of the flock as payment. He suggested that any animal found in his possession that was not spotted, specked, or dark-colored could be considered stolen.
The key phrase we should focus on in Jacob's proposal is "my honesty will testify for me..." Can we say the same? Is our honesty a testimony? Let's consider some ways that we can make our honesty a testimony to God.
Our time spent at work
Have we been honest with our work time? If we work an 8-hour day, do we honestly spend eight hours working? Studies have shown that most employees are actually only productive for 2-3 hours of each work day. What is happening to the rest of the time?
Are we spending too much time checking our personal e-mail accounts? Are we surfing the internet for personal reasons?
Are we taking too many personal calls or spending too much time on our cell phones - whether that means talking or texting?
There is nothing wrong with taking breaks in between tasks. Our brains do need time to refresh so that we can stay focused when we are working. But there is a point where we start to take advantage of the situation. Even if no one points it out to us, we know in our hearts where that line is.
Our access to supplies at work
Our employers want us to be able to perform our tasks with ease. They try to make sure that we have access to all of the supplies necessary to handle our responsibilities.
However, the temptation to use the supplies for personal needs can be great. How often do we try to justify taking home that pen or the pad of post-it notes? Who hasn't made personal photo copies or printed out personal paperwork from the computer and printer at work? It didn't cost that much, right? But that little cost will add up pretty quickly if every employee thinks and responds that way. What effect does that have on the company's bottom line?
Transactions in various stores
Honesty is not only an issue at work. We can also consider our honesty when we are out shopping. For example, what should we do if a cashier happens to ring up our items incorrectly or give us back too much change? Do we tell ourselves that it's not our fault and try to talk ourselves into believing that it's a blessing?
On the contrary, it's possible that God was giving us a chance to be His witness for that cashier. That cashier may not know God, and that was our opportunity to show the cashier the love of our God.
To take it a step further, how would we feel if we later found out that the cashier was fired for repeatedly being short on the cash register? Our silence may have not only cost one person their job, but it may have also devastated a household. The cashier may be a single parent, the sole provider for the household, or supporting an ill or elderly family member.
It's funny (but sad) that we will be quick to point out an error when it is not in our favor, yet we are quiet when it looks to benefit us. But, as we can see, our little actions can have big impacts. Let's pray for a shift in our thinking so that we can use those moments of honesty as a testimony to the world about the God we serve.
Ozeme J. Bonnette is a financial coach, speaker, and author. She began her career at Merrill Lynch, and now works to increase financial literacy. She teaches and speaks to groups and organizations throughout the U.S. She earned 3 Bachelor's degrees at Fresno State and an MBA at UCLA's Anderson School. Find her at http://www.thechristianmoneycoach.com

Forex Trading - How to Be a Successful Forex Trader


By 


There are many different markets that can be traded in to make a profit. The largest of any of them is clearly the foreign currency exchange, also called FOREX. This market trades more than three trillion dollars each day and currency traders can learn how to pull in a share of it. Trading takes place constantly, except for a few hours on the weekend, when all markets are closed.
Many people try the Forex trading, but not everyone becomes a Forex trading Mogul earning massive profits. Some people fail to get the information and education they need to succeed, or they don't get the right Forex systems in place to help them.
Here are the things that separates the best Forex traders from those who give up on a loss.
The Right Attitude
It takes experience to become a truly exceptional Forex trader. This is something you can only get if you approach Forex with the right attitude from the very beginning. You need to be dedicated. At first, in learning the way Forex operates and, subsequently, how you go about making successful trades. If you want to be able to make the most profitable trades you'll need to be patient and follow a disciplined approach. Too many people make rash Forex trading decisions, especially if they think they're on a roll.
Make it a habit to study the financial news so you know what is happening in the currency markets globally. Staying informed can give you an edge, but many beginners neglect this aspect of currency trading.
The right software
While there are some Forex robots that are inefficient and don't keep up to date with the developing market, the most Forex software will work as long as the trader controls the software appropriately, setting the controls to match the market.
Forex Derivative is as self-adapting automated Forex trading software that utilizes advanced mathematical algorithms, string profit protection features and money management strategies. It does not require constant monitoring and can be used on a demo or real account. It is suitable for both novice and expert traders.
By using the Forex Derivative software, one can take away the emotional aspect that often affects trading decisions.
Choosing a legitimate Forex Broker
One of the most critical decisions you will make as a beginning Forex trader will be choosing your Forex broker. The Forex market is a highly volatile market host to many subtle complexities, and a beginning trader may become so overwhelmed that they neglect to research one of the most important aspects of their trading. With hundreds of Forex brokers in existence, it can be difficult to find the legitimate Forex broker. To begin comparing Forex brokers, find out how long they have been in business and how responsive their customer service is.
Many of the wealthiest people in the world made their fortunes by accurately predicting the movement of worldwide Forex markets. Whether the stock market is in a bull market cycle or a bear market cycle, there is always a raging bull market somewhere in the world of Forex trading. Finding those great opportunities is what Forex trading is all about, and with the right tool you can add your own fortune to the big names in currency trading and prediction.

Forex Trading Is Not for Everyone


By 


Expert Author Oscar A Short
The situation may turn against you. It is important that the trader must understand the tools of careful trading. You can minimize the risks; however, it is not possible to totally eliminate them. You need to be very careful while choosing this moneymaking option.
Ability to take financial risks:
As a trader you have to deposit a security amount with the Forex dealer to buy or sell an off-exchange forex contract. You can put in a small amount; however still hold a forex position many times bigger than the security deposit. This is known as leverage or gearing. The leverage is greater than the small deposit related to the underlying value of the contract. In non-preferable conditions, high leverage causes big losses in comparison to your first deposit. In this way, even a small move against your position may lead to loss of the whole investment. You may be required to pay extra-losses if it is mentioned in the contract with your dealer. People who cannot take such big risks must stay out of this business. Prepare a solid backup plan, as you never know where this business might lead you.
Finding a reliable broker:
It is common that traders fall victim to frauds or Forex scams. You must verify the credentials of forex broker before investing money. In the US, brokers are required to be registered with the official government agencies such as Commodities Futures Trading Commission or should be a member of the National Futures Association. Check out the details of the broker available with local Consumer Protection Bureau and the Better Business Bureau, before choosing its services. Although you may opt for forex copiers such as MT4 trade copier, you would still need a broker who can work for you. If you cannot find a reliable broker, your risk of losing money will be high.
Capability to analyze the market and its unpredictable mood:
Forex trading is unpredictable. No one can guarantee the stability in exchange rates. Your trading moves are influenced by the price of your Forex contract and this also affects your future profit and losses. As a forex trader, you will decide the execution price. This means you have to be very much proficient in analyzing the moves of the market and making profitable decisions. If you cannot devote sufficient time for studying this market place, forex trading is certainly not for you.
Dealing with emotional trading risks:
Emotional trading is one of the biggest culprits that have led many people towards bankruptcy. If you are someone who gets emotionally involved in forex trading without thinking logically, stay away from forex business. A good trader must be someone who acts logically and all his/her trading decisions are based on solid market facts. If you feel you cannot come up with the right decisions, seek help of an expert. Buy a forex copier and get his/her trading signals but do not jump into this business right away without being prepared. This place is riskier than you ever thought.
If you don't have the above mentioned qualities, forex trading business should not be your choice.
The author of this article is the owner of ea-coder. We are the leaders in Forex Software programming and development; constantly keeping up with an ever changing market and technological advances in the Forex industry.

Forex Software Is Getting More and More Popular Among Traders


By 


Expert Author Oscar A Short
What is Forex Account Copier?
A Forex Account copier is used to copy the signals from a master account to single or multiple slave accounts. The master account is usually of a successful trader, who is an expert in this industry and makes a lot of profit by trading currencies. Some successful traders sell their strategies to other traders, mostly amateurs, at a certain price or for a percentage of the profit they will make by using the strategy of the professionals. The slave accounts are of the traders who have opted to copy the signals from the master accounts.
Although forex copiers are provided by many companies, the most widely used copier is MT4 trade copier.
Why we need to copy trade signals in the Forex trading?
Forex trading is a risky business and if you are not an expert in this, you may lose everything. Analyzing the market movement is not an easy task. Even if you spend hours studying the details, the chances of loss are still high. Amateurs and busy professionals therefore, need help to identify the profitable trades. Out of all, forex copiers are often loved by people, as these software allow them to copy the trades of experts. By watching their trading moves, you can have a fair idea of what can give you positive results. If you choose a good source, you will certainly have a good fortune in forex trading.
Innovative software such as MT4 trade copier, can work for you 24x7 without your supervision, so you can conveniently do other activities. If you cannot dedicate a good amount of time to forex trading but still want to gain monetary benefits from it, forex copiers are the best solutions. Anyone can buy and operate these software, as they are quite affordable and simple.
How does a forex copier operate?
Its operation involves a main terminal and many other dependent terminals. It runs an expert advisor on the main terminal or master terminal, from where the trade signals are copied on the dependent or slave terminals, which process those signals and makes the same trades for those accounts upon your approval. The copier copies the trading signals automatically and you are just required to analyze them and then approve the deal if you feel you must go ahead with it.
Why are Forex software getting popular?
Ever since the inception of Forex trading business, people have always been on a lookout for ways that can help them minimize their risks and maximize their profits. A forex copier is one of the most cutting-edge technologies that have changed the way amateurs and busy professionals have invested their hard-earned money in forex business. This is the reason behind the soaring popularity of MT4 trade copiers and other similar software.
Forex trading software has become indispensable for anyone who is into this business. Experts opine that they are the future of forex trading and anyone using them will certainly reap good profits, provided you choose a reliable source.
The author of this article is the owner of ea-coder. We are the leaders in Forex Software programming and development; constantly keeping up with an ever changing market and technological advances in the Forex industry.

Risk Management The Holy Grail of Trading


By 


Expert Author Kenneth Mann
Risk Management may have various names, money management, risk management, trade management, order management and so on. Whatever you call it, one fact is indisputable. Risk management is the essence of trading. It is the most important aspect of trading. It's almost the holy grail.
It's ironic, that for new traders, risk management is the least important aspect of trading. Everybody wants to learn about how to find best entries and such first. They think that's where the money is found. It's human nature; we usually tend to look for the easy way regardless of whether it's the correct way
I'm a big fan of old martial arts movies. Not the ones where the actors effortlessly jump from tops of 3 story buildings, I refer to those with young people who go to a martial arts master to teach them his craft. Once the master accepts them as his student/trainee, he sets before them mundane tasks such as cleaning the floor, moving certain items from one place to another etc day in day out. Eventually most students get really frustrated with extreme disappointment. After all, they wanted to be the best kung-fu fighters, not handy men or cleaners. Most drop out. The ones that stay the course, however, start to realize that martial arts is a life style practice, not a fighting one. They also come to an understanding of mastering the art takes time and hard work. Trading is similar. There is a long road to travel to become successful and most who begin do not finish. Why you ask?
Well, recall that most are lured to the profession from easy money stories, especially after hearing and reading all those stories how so-and-so made lots of money by trading currencies. A wild west gold rush begins as they look into trading a bit further. They download some trading platforms and start trading paper money. Watching price moving.. seeing all those dollar pips rolling fast on most likely M1 and M5 charts. Traders become excited by now as they think of the prospect of making a lot of money without any hard work. Already they start to imagine/dream about rich life style. At this stage reasoning logic should be telling them "hang on, this looks too good to be true", but who cares about sensible reasoning here. It's all blocked by greed. That devil in man starts controlling and they forget that a trader has a very speculative profession.
So please do not be one of the traders described above. Decide that you will understand risk management before you proceed. Now please know that depth of a discussion required to adequately address a deep abiding understanding of this topic requires a book not an article. The intent of this article is only to alert you to the importance of risk management to your future success.
Today you have found the holy grail of trading. You know first thing to learn as a new trader is risk management. Prudence demands acknowledgement of its importance.
Ken Mann co-founder of http://AceGazette.com is a professional Forex supply and demand trader who has written numerous books and articles about many of the aspects of a traders life. As the senior author of the Ace gazette Writers Guild he creates in depth analysis as well as books that are invaluable to the trader community. You can follow his work at his site or virtually any of the major social media platforms.

3 Principles to Trade Forex Online Yourself Successfully


By 


Expert Author Glenn Hong
Understand Risk Management
Before you decide on what you should invest in make sure you access the risk vulnerability of all your investments in order to safely trade Forex online yourself. The key to this principle is only sacrifice money you're willing to lose, this is the number one key.
Set a reasonable limit for exactly how much money you're willing to start spending on a trade. Focus on that exact amount and stick with that trade with only the money put in. Use each set limit for each trade you enter into and never exceed above or over your set limit. This will help you manage your liquidity in a much more effective fashion instead of reacting like an emotionally driven investor.
Don't be an Emotionally Driven Investor
Matters to deal with money can undoubtedly be emotional-especially when the stakes are high. However, learn to avoid excessive emotional attachments in this highly volatile market otherwise you'll learn the hard way when you trade Forex online yourself. Teach yourself to base your judgments only on professional and technical analysis. Most people who excessively rely on their emotional preferences during trades have been documented to fail several times. The whole idea behind this concept is to execute your trades confidently with a strategic plan, otherwise reacting to emotion will only deter you from proven indicators that can potentially lead to serious profits.
Research and Always do your Due Diligence
I can't stress how VITAL this FUNDAMENTAL STEP is but I feel this is the MOST IMPORTANT step in reducing your risks and increasing your overall leverage in this volatile market. Forex news is a great source of information to both established currency traders and novices alike and it's REQUIRED if you want to successfully trade Forex online yourself. Without the news, it would utterly be impossible to trade successfully in the foreign exchange market because there are relevant indicators and daily events that can either help or hurt a particular trade for any Forex trader. It is IMPERATIVE to have a reliable source of the latest news about the currency prices, trends, technical analysis and expert projections about the vibrant world of currency trading. Details should be easy to read and navigate because time is vital in properly executing the right trades at the right time. If you trade Forex online yourself, it is worth remarking that the internet is flogged with many sites that provide credible and vital Forex news. However, just as much as there are credible ones there are also inaccurate ones run by crooks that are after exploiting oblivious traders. In this regard, it is imperative that whenever you decide to obtain news, make sure that you first do a background check on the news provider in order to avoid becoming a victim of these crooks. For up to date minute news on currency pairs I recommend my list below.
When it comes to your money there's just so much more to learn AND grasp CONSISTENTLY before you will become a skilled professional. Don't be one of those people that only falls in love with the idea of being an investor rather than taking the steps to become one. "The greater our knowledge increases, the greater our ignorance unfolds". Learn 5 more FUNDAMENTAL PRINCIPLES to trade forex online yourself successfully and strategically. http://beanentrepreneurtoday.com/principles-trade-forex-online-yourself/

Online Forex Platforms Provides Convenient Options for Trading in Currency


By 


Trading in currency is currently one of the major options that a lot of investors are looking into. The market of foreign exchange is highly active especially with the 24-hours trade of buying and selling of currencies. In this type of stocks exchange, trader's base their decisions on the movement and the pattern of the current Forex and because of its volatile nature, investors are constantly on their toes as the stocks goes high and low. In the past, trading with forex is considered to be viable, but the method is quite inconvenient. The introduction of online trading platforms, however, has changed the processes and now, it is not only stocks and shares which are traded but even information and strategies as well.
Benefits of trading in currencies
On its own, trading with Forex is a highly beneficial move, because the market is huge and there is constant dynamics with its 24-hour trading movements. Due to its liquidity, it is also easier for the investors to move from one currency to another. For investors of this market, their profits come from the movements of the prices wherein they have the option to buy low priced currencies and retail it once the selling price goes higher. With the availability of currency online trading, investors need not transact over the phone. In addition, the virtual arena makes it easier for them to access any open market.
Investing in the market
In the earlier years, the only players of the forex market were brokers, banks and major financial institutions. However, as the face of the economy changes, it has also paved way for individual investors who want to trade in the currency market, especially with the availability of currency trading platforms online. Today, everyone can participate and is given with the same opportunity to be a part of the currency market.
Finding an online platform
The first thing that an individual investor needs to do would be to find an online facility with a business in trading in currency. He needs first to verify the credibility and reliability of the online broker and if it is registered under the national government. Once all the legal aspects are addressed and verified, he can now sign-up with the online broker and start with their trading activity.
The advantage of currency online trading is that this method provides a large room for opportunities. For one, the individual investor does not need to use a large sum of money for a capital. Online forex trading facilities normally indicate the minimum amount required for signing up. In addition, online trading is the most accessible venue for buying and selling stocks. Anyone who wants to start making profits through currency trading should consider online Forex trading as a good step that will help them achieve their financial goals.
Easy Forex offers best spacious financial services with their currency trading platform in Qatar, USA. For more information visit: Currency Trading PlatformTrading in Currency, Currency Online Trading.

Fibonacci Trading What It Is and What It Is Not


What is Fibonacci?
Well, in order to answer this question and keep it simple, I'd say that "Fibonacci" is used in Trading as a tool to measure different price points or swings.
The word "Fibonacci" comes from his founder, Leonardo Pisano, known by his nickname"Fibonacci." Pisano was a famous European mathematician. One of his most popular work was the discovery of the Fibonacci sequences.
What is a Fibonacci Sequence
A sequence is simply a series of numbers in which each term is the sum of the 2 numbers preceding it. The first ratios are: (1,1,2,3,5,8,13,21,34,55,89,144... ). These numbers are recursive. There is also the Golden Ratios and those represents the measurement of any number to the succeeding higher number. For example 34:55 =.618 and 89:144=.618
Golden Ratio
The Golden Ratio is used in lots of different areas. It, for example, describes the proportion of everything from the nature. If you measure your height starting at your feet to your belly button, you will get 61,8% of your total height... Funny huh?
The ratios are also used in the Financial Markets because the market uses the same mathematical base. The most common used ratios are the 38,2%, 50% and the 61,8.
Fibonacci retracement
Lots of traders look at the Fibonacci retracement in order to find a potential trading entry. They rely on a tool and make decisions based on it. Some traders think that support or resistance can be created because of a Fibonacci level. As you must know from now, the Ace Gazette Army trades by the law of Supply & Demand. We do not believe that support and resistance is created from a Fibonacci level, therefore most of the traders here do not use the Fibonacci retracement as an entry signal,. Like I explained above, it is just a measurement tool not a magic entry producing machine. Fibonacci can be used when looking for confluence in trading. However, I will never make a trading decision based on a Fibonacci level, myself.
How to calculate the Fibonacci retracement?
I could make a very long article just talking about "how to calculate a Fibonacci retracement" manually but I honestly think that it is useless because most of the actual trading platform do have a Fibonacci Tool incorporated in their software. The tool will automatically calculate everything for you. You will only need to select the swing points that you would like to measure. The Fib Tool can be used on any chart and on any TimeFrame.
When Fibonacci Fails...
Do you remember when I said that Fibonacci was just a measurement tool? Well be aware that a Fibonacci level can fail, price will not always reverse at the Fibonacci golden ratio. This proves again to you that price reversal occurs because of the big orders that are left at the Supply & Demand levels and not because of a Fib Level.
Click on the link bellow to read the rest of the article and to see some example of what I explained above on a price chart.

Bad Credit Debt Consolidation Loan



Nowadays, many people can get into a bad credit situation if they do not keep track of their income and expenditure. Many young executives suddenly find that they are being offered credit cards by various companies. Those who are sensible will find a credit card that suits their needs, sign up, keep track of their purchases, pay off their credit card bills in full each month, and ignore offers from other companies.
There are others who may be dazzled by all the credit on offer and will end up with credit cards from several companies. They may easily end up making lots of purchases on credit while making the minimum payments on their cards. Then, one day they realize just how much debt they are in when they need a debt consolidation loan to get out of a bad credit situation.
At the Debt Consolidation and Debt Reduction Service, we do not give you debt consolidation loans. We help you reduce your debts by 40 percent to 60 percent and your payments by 40 percent. We see to it that you pay no interest, late fees, or penalties. We get you out of debt, and out of a bad credit situation, within three years. We ensure that you receive no more harassing phone calls from creditors by negotiating with them.
We can help you create a debt reduction plan. You begin by listing all your debts, estimating your income, and creating a workable monthly budget. You then have to find the money to pay off all your debts. We also offer credit counseling to our clients. We begin by advising our clients to stop using their credit cards--this automatically stops their debt situation from worsening. By helping you estimate your income and create a monthly budget, we ensure that you know how much you earn each month and how you spend what you earn.
You can consult us if you have debts that are over and above $5,000. You cannot hope to get out of a bad credit situation if you only pay the minimum amounts due every month--you cannot hope to get out of debt for a lifetime. If you decide to go in for debt consolidation--where the numerous payments you have to make each month are consolidated into one small sum--you can hope to get out of debt faster. If you are in a bad credit situation and need help with debt consolidation, fill out the form on our Web site. We will help you get out and stay out of debt for the rest of your life.
Jonathan Pike
Debt Consolidation and Reduction Service

Debt Consolidation Loan


By 


Debt Consolidation of Different Loans
Debt consolidation refers to the restructuring of a large number of unsecured debts into one low monthly payment, while eliminating interest and reducing the total amount owed to creditors. Debt consolidation has become popular with people as they cope with increasing amounts of credit card debt, home mortgage loans, car loans, and student loans, along with low credit ratings and threatening phone calls from creditors. Debt consolidation is seen as the last option before declaring bankruptcy.
It often takes consumers a lifetime to get out of debt to credit card companies, because of the interest rates charged by the companies. Consumers often think they can pay off their credit card debts by paying the minimum amount they owe on a card, but they can remain in debt for the next 30 years while paying off this amount each month.
Many people, faced by their poor credit situation, are forced to declare bankruptcy, which adversely affects their credit rating for the next ten years, or to take another loan to pay off the money they owe. However, if you are already in debt, you do not need another loan--you need a debt management plan and some credit counseling.
We at the Debt Consolidation and Debt Reduction Service do just that. Our debt consolidation program can reduce your debt by 40 percent, and have you out of debt in three years instead of twelve. We can consolidate your debts into one low monthly payment, eliminate interest payments, penalties, and late fees, and rebuild poor credit. Unlike most other debt consolidation companies, we are not owned by a credit card company--our priority is getting you out of debt quickly and keeping you out of debt thereafter.
We can also help you deal with your creditors, by negotiating with them and seeing to it that they follow the provisions of the Fair Debt Collection Practices Act. This Act stipulates that they cannot call you on Sundays, or at work, if you have requested them not to do so. They can only call you between 8:00 in the morning and 9:00 in the evening, according to your time zone.
We can provide credit counseling by helping you prepare a budget, so you know where and how you spend your earnings. The first thing we do when you join our debt management program is to stop you from using your credit cards. By the time you successfully complete our debt consolidation program, you are not only free of debt but also more financially knowledgeable and capable of avoiding debt traps.
If you owe $5,000 or more in unsecured debts, to pay off credit card loans, medical bills, store and gas cards, student loans, back taxes, and utility bills, please get in touch with us and let us help you. We can get in touch with you within 24 to 48 hours, and help you get out of debt fast.

Bad Credit Debt Consolidation Loan


By 


Nowadays, many people can get into a bad credit situation if they do not keep track of their income and expenditure. Many young executives suddenly find that they are being offered credit cards by various companies. Those who are sensible will find a credit card that suits their needs, sign up, keep track of their purchases, pay off their credit card bills in full each month, and ignore offers from other companies.
There are others who may be dazzled by all the credit on offer and will end up with credit cards from several companies. They may easily end up making lots of purchases on credit while making the minimum payments on their cards. Then, one day they realize just how much debt they are in when they need a debt consolidation loan to get out of a bad credit situation.
At the Debt Consolidation and Debt Reduction Service, we do not give you debt consolidation loans. We help you reduce your debts by 40 percent to 60 percent and your payments by 40 percent. We see to it that you pay no interest, late fees, or penalties. We get you out of debt, and out of a bad credit situation, within three years. We ensure that you receive no more harassing phone calls from creditors by negotiating with them.
We can help you create a debt reduction plan. You begin by listing all your debts, estimating your income, and creating a workable monthly budget. You then have to find the money to pay off all your debts. We also offer credit counseling to our clients. We begin by advising our clients to stop using their credit cards--this automatically stops their debt situation from worsening. By helping you estimate your income and create a monthly budget, we ensure that you know how much you earn each month and how you spend what you earn.
You can consult us if you have debts that are over and above $5,000. You cannot hope to get out of a bad credit situation if you only pay the minimum amounts due every month--you cannot hope to get out of debt for a lifetime. If you decide to go in for debt consolidation--where the numerous payments you have to make each month are consolidated into one small sum--you can hope to get out of debt faster. If you are in a bad credit situation and need help with debt consolidation, fill out the form on our Web site. We will help you get out and stay out of debt for the rest of your life.
Jonathan Pike
Debt Consolidation and Reduction Service

Bad Credit Debt Consolidation Loan


By 

Settling Debt-Who's Best? Best 3 Debt Settlement Companies. BBB A+ Ratings -- Unbiased Reviews.
Who is the Best? Reviews of the Industry Leading Top 3 Debt Consolidation Firms.
VA Refinance - 2.3% APR? No Appraisal Needed. Low Credit OK! (recommended)
Nowadays, many people can get into a bad credit situation if they do not keep track of their income and expenditure. Many young executives suddenly find that they are being offered credit cards by various companies. Those who are sensible will find a credit card that suits their needs, sign up, keep track of their purchases, pay off their credit card bills in full each month, and ignore offers from other companies.
There are others who may be dazzled by all the credit on offer and will end up with credit cards from several companies. They may easily end up making lots of purchases on credit while making the minimum payments on their cards. Then, one day they realize just how much debt they are in when they need a debt consolidation loan to get out of a bad credit situation.
At the Debt Consolidation and Debt Reduction Service, we do not give you debt consolidation loans. We help you reduce your debts by 40 percent to 60 percent and your payments by 40 percent. We see to it that you pay no interest, late fees, or penalties. We get you out of debt, and out of a bad credit situation, within three years. We ensure that you receive no more harassing phone calls from creditors by negotiating with them.
We can help you create a debt reduction plan. You begin by listing all your debts, estimating your income, and creating a workable monthly budget. You then have to find the money to pay off all your debts. We also offer credit counseling to our clients. We begin by advising our clients to stop using their credit cards--this automatically stops their debt situation from worsening. By helping you estimate your income and create a monthly budget, we ensure that you know how much you earn each month and how you spend what you earn.
You can consult us if you have debts that are over and above $5,000. You cannot hope to get out of a bad credit situation if you only pay the minimum amounts due every month--you cannot hope to get out of debt for a lifetime. If you decide to go in for debt consolidation--where the numerous payments you have to make each month are consolidated into one small sum--you can hope to get out of debt faster. If you are in a bad credit situation and need help with debt consolidation, fill out the form on our Web site. We will help you get out and stay out of debt for the rest of your life.
Jonathan Pike
Debt Consolidation and Reduction Service

Debt Relief From Debt Consolidation


By 

If you are up to your neck in debt, there may seem like there is no relief in sight. In fact this is not necessarily the truth. There are ways to take all of your stifling bills and roll them up into one neat package by using debt consolidation in two very popular forms Home Equity Loans, Refinancing Loans, and a Consolidation Credit Card. All of these instruments provide the debtor with one thing "relief" from the current debt by shrinking it down to a single manageable debt.
Using home equity to consolidate debts
One of the popular methods of debt consolidation today is the Home Equity Loan. What happens is that the debt is extinguished using the equity from a homeowner's home. A loan is created outside of the mortgage in order to satisfy the debts. Should the homeowner default on the loan, their house is in jeopardy of being foreclosed upon if that loan is not satisfied with a specified amount of time.
Refinancing loans
People often consume the debt by rolling it into a new mortgage. This way the house costs more money to the borrower, but the debt is extinguished at close and the debt is neatly rolled away into the mortgage securely. Upon settlement of the loan, the debts are paid in full and satisfied. The clock on the mortgage is reset to day one.
Credit card consolidation
A low interest credit card is offered to the borrower to include any outstanding credit and loan balances. The interest rate is a low fixed rate for a period of up to one year, upon the year's end it will resume at its normal rate. Upon acceptance and terms the account should be closed once paid in full and payments be made directly to the new credit card provider. Some people have been able to master paying off one credit card with another to keep the debt revolving and interest rates low. Some people fail to close out the previous creditors account and run them back up again as well.
All three of these options provide solid relief for the debt and help them reconstruct and manage their debt better.
Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.

Reducing Debt Through Lower Interest Loans


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It happens to the majority of us, credit card debt accumulates and before we quite realize it, we are carrying a debt load that is far beyond our means. When this happens, we need to take immediate positive steps to knock down the debt as quickly as possible. One of the most efficient ways to do this is to reduce the amount of interest we pay by shopping around for a better rate and having our balances transferred over. By doing this, we pay more towards the principal, thereby reducing the duration of the loan and saving ourselves potentially thousands of dollars over the lifetime of the loan.
Typically, a credit card carrying a balance of $5000 dollars, with an interest rate of 17.5 % and a minimum monthly payment of $150 would take you 3 years and 10 months to pay off. The total interest accrued would amount to $1, 846. However, if you were to transfer your credit card debt to a lower interest rate loan of 7 %, that same $5000 paid in increments of $150 a month, would be paid off in 3 years, 2 months, substantially reducing the amount of interest to just $564. That's a savings of $1,282.
There are several options available for lowering your interest rates. Each one has its benefits and drawbacks. By educating yourself, you can choose the one that is best for you.
Consumer Credit Counseling Service
Consumer credit counseling services offers to consolidate your debts into one payment, negotiating with creditors on your behalf to have late fees waived, interest rates lowered and loans extended. Counseling Services will require a 'donation' or payment to cover costs and handling fees. You need to weigh these costs to determine if you would still come out ahead by paying a company to negotiate a better interest rate for you; a service that you may be able to do yourself.
Choose a reputable firm that will handle the consolidation in a way that preserves your credit scores. Prior to the consolidation, due dates should be changed to correspond with the counseling service's payment schedule, since many counseling services only send out checks twice a month, on the 1st and the 15th. If these dates do not harmonize with the due dates on the cards, they will show up as late payments on your report. In addition, it's important to realize that you need to proceed with caution with these companies because not all are reputable and many remain unregulated. Watch for the following signs that may mislead you into trusting a company you shouldn't:
understand the term "non-profit." It does not necessarily mean the company is legitimate or that you will get a better rate. The laws governing a 'non profit' organization are vague. Many companies qualify for this title by arranging finances to indicate that the company has not profited, while paying their employees large salaries.
To find out if a CCCS is legitimate, check with the National Foundation for Consumer Credit (NFCC) and the Better Business Bureau in your area. Be wary of companies claiming you can lower your monthly payments-this is a fallacy. As of March 25th 2004 the last two banks to accept lower payments discontinued this practice. Question companies that offer lower interest rates than their competitors. All creditors work off the same interest rate reductions and minimum percentage payments on balances so therefore it is highly unlikely to have this lowered.
Be familiar with the current interest rates on the cards you carry and ask that you choose which cards to consolidate. You already may carry balances with interest rates that are lower than the one they are offering you. If so, request that you be able to exclude those balances from consolidation.
You have to decide if there is a benefit to going to a Consumer Credit Counseling Service or if you can do their job just as effectively yourself. A consumer can often negotiate with creditors themselves for a better interest rate. One option is to shop around for a better interest on credit cards and to transfer the balances from the high cards over to the lower card. Contact your credit card company and tell them you have been offered a better rate at another company and if they plan on matching or beating that rate. If they do not rise to the challenge then transfer your balances to the new card. One option for transferring your balances is to take out a home equity line of credit.
Home Equity Line of Credit
A home equity line of credit is a loan taken out against the equity in your home, in other words your home is offered as collateral. These loans are usually offered at low interest rates. As with any credit, you should weigh the benefits and costs before deciding. Bare in mind that failure to repay the loan, with interest could result in the loss of your home.
The credit limit on the line is derived at by taking a percentage of the home's appraised value and subtracting the balance owing on the mortgage. The line of credit amount is also based on your income, credit history and additional debt load.
The home equity line of credit works on a variable interest rate, based on the prime rate. Lenders usually charge prime rate plus a 2 percent margin. By law, equity lines of credit must have a cap on how much the interest rate may increase over the life of the plan. Some also limit how low your interest rate may fall if there is a drop in rates.
Home equity plans may set a fixed period during which you can borrow money. At the end of this draw period you may have the option of renewal, or if no renewal option exists, then the plan may call for full payment at the end of the term.
As with any contract, you must read the terms and conditions carefully, as many plans have fees, charges and hidden costs. Some of the costs involved in establishing a home equity line of credit include property appraisal fees, application fees, closing costs and attorney fees. In addition to these costs, you may expect to pay transaction fees every time you draw on the line.
The benefit of opening a Home equity line of credit is that the minimum payments are low, often set at just the interest or interest plus a few percentage points. Be aware that with a variable interest rate, monthly payments may fluctuate. If you sell your home you will probably be required to pay off your loan immediately.
No matter which option you choose, the main goal should be to reduce those high interest rates while paying the lowest penalty for doing so. Weigh the pro's and con's of all options carefully and choose a road that best suites your financial situation.
Stay Informed
It is important to stay informed about your credit before you apply for any loan. An excellent way to begin taking control of your financial future is to obtaining a copy of your credit reports before you see a lender. Today you can get your free instant credit reports from the major 3 credit report agencies online. This way you can see exactly what the lender will see. When obtaining your credit reports, you will want to make sure you get your credit report scores as this is what lenders base most of their decision on. The higher your credit score the lower your interest rate will be and vice versa. So be a wise consumer, get you're a copy of your credit report and reduce your debt through lower interest loans.
Melanie Cossey is a successful home based freelance writer. Meanie writes many informative articles on the topic of credit, such as What is a FICO score and why is it important? and Comprehending a Credit Report.

Shocking Facts - What Debt Settlement Companies Don't Tell You


Settling Debt-Who's Best? Best 3 Debt Settlement Companies. BBB A+ Ratings -- Unbiased Reviews.
Debt Settlement Warning Avoid Scams - 14 Must Ask Qs For All Debt Settlement Companies.
Who is the Best? Reviews of the Industry Leading Top 3 Debt Consolidation Firms.
Expert Author Denise Hall
If you're thinking about using a debt consolidation or debt settlement service to help you get out of debt faster and save money on your monthly payments, make sure you do your homework before choosing a company. There are definitely shams and scams out there.
First let me say that debt consolidation is *not* the same as debt settlement/negotiation, which most people don't realize.
Debt settlement companies charge hundreds of dollars as an initial "admin fee" to set up your account, plus a monthly service fee. The fees vary depending on the company and the amount of your debts.
Such companies take your money every month, but don't make monthly payments to your creditors! Instead, they put it in a trust account, negotiate your debts with your creditors, then make a lump-sum payment when there's enough in your account to pay a creditor in full.
That can take *years* depending on the amount of debt you have with each creditor. Meanwhile, you can be sued by your creditors and your wages can be garnished! (Or just don't make payments to your creditors. You'll end up in the same spot without paying someone to help you get there!)
Settlement companies don't ask your creditors to stop all interest, late fees and overlimit fees from accruing. That means while the negotiations are ongoing, your bills will continue to grow! So if you're sued and a judgement is brought against you, you'll owe more money than before!
And shoddy companies, which there are a lot of, don't tell you *any* of this up front. I call it "getting permission by omission" because they simply don't tell you how their program works *before* you sign an agreement with them. Or after, for that matter. But if you ask the right questions, eventually you'll figure it out. (Or when the crap hits the fan. Whichever comes first.)
Let me give you an example of how debt settlement works.
Let's say you have $20,000 in unsecured credit card debt. You owe $10,000 to one credit card company, $6,000 to another and $4,000 to a third. You agree to a 5 year plan where you pay $250 a month to the settlement company. (After all, $250 a month for 60 months is only $15,000, so you're saving $5,000 and you'll be debt-free in 5 years, right?)
The admin fee will cost you $750. Your first 3 monthly payments go towards that and nothing gets put into your trust account until your 4th month.
The settlement company keeps $50 of your $250 payment each month for the service fee. That means $200 a month is being added to your trust account.
Most debt settlement companies claim to be able to negotiate your debt for about 50% of what you owe. So let's use the lowest credit card debt as an example.
If you owe $4,000 and your creditor agrees to accept $2,000 as payment in full, it will take 10 months at $200 per month to have enough in your trust account to pay off just that one credit card.
But remember, your first 3 payments to the settlement company only paid the admin fee. That means your first credit card settlement is 14 months *after* you started sending them money.
So what's the problem? It's simple. Your creditor won't agree to accept half of your actual debt unless, or until, it can be paid in full. Otherwise, you're expected to make your normal monthly payments.
Since you don't have $2,000 in your trust account, and you won't have it until more than a year after you stopped paying your creditor directly, they'll probably take you to court and request that your wages be garnished long before you have that $2,000 built up.
And what about your other creditors? Well, they'll be waiting even longer to get their money from the settlement company. The $6,000 debt will take 15 *more* months to pay off, assuming your creditor waits that long and agrees to 50%. And that $10,000 bill? You do the math.
On the other hand, if you signed up for a 3 year plan with the settlement company, your debts would be paid off sooner. But, the question is, will your creditors wait that long? Probably not.
The facts are, you can negotiate with your creditors yourself. Most will agree to take a smaller monthly payment from you and stop all interest and fees from accruing. And, of course, you'll save thousands of dollars in fees to a settlement company.
Before signing up for any service, please be sure you check out the company thoroughly. And don't let the words "non-profit" fool you either. A lot of debt settlement companies claim to be non-profit.
Going back to the example above, if you pay them $15,000 over a 5 year time frame and they settle your debts at half of what you owed, they'll make $5,000 from you. I'd call that a profit, especially since they might not have actually helped you in any way.
Most companies will allow you to cancel your account and get a refund of what you've paid, less the non-refundable admin fee and the monthly service fees. If you feel you've been mislead about their program, don't hesitate to argue til the cows come home. File a complaint with the Better Business Bureau or hire an attorney if you feel you're getting nowhere.
You can visit the Better Business Bureau's website (http://www.bbb.org) and find reports on hundreds of companies. Here's a small listing of companies that have poor reputations with the BBB:
National Consumer Debt Council LLC - Irvine, CA (A.K.A. NCDC, United Consumer Law Group)
Financial Rescue Services - Burbank, CA
Debt Legal Services - Anaheim, CA
American Debt Relief - Los Angeles, CA (A.K.A. A M Debt, American Debts Relief, Debt Relief)
Please be very cautious when choosing a debt help company and ask lots of questions before agreeing to anything. If you find they're evading your questions, run fast and run far. There are reputable companies out there, so keep looking until you find one.
Visit Best-Debt-Management.net to find out more about the various debt solutions available to you. Denise Hall wrote this article from her own personal experience so that others can avoid the traps that she fell into while searching for debt help.