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July 29, 2011

How to Negotiate With Debt Collection Agencies

Debt collection agenciesAs bad as having a cash loans debt is, the situation will only get worse once a debt collection agency gets involved. They are experienced at getting you to pay back owed monies, and they have thorough knowledge of the law. If you do not know your rights, you might find yourself paying more back than you can handle. Finding you cannot meet the payments you have agreed with a debt collection agency can turn into a much worse situation. Here are some of the tricks you should understand.

  • Negotiate with provider. The first thing you should do when you cannot meet a debt is to contact that cash loans provider. Ignoring the situation will only ever make it worse. Always contact your loans provider, tell them of your situation and see if you can re-negotiate the terms of your loan. Some payments are better than none. Even if you attempt this, they might still call on the services of a debt collection agency.
  • Act Tough. Even if you are not feeling confident when you are contacted by a debt collection agency, it is important you do not act afraid or let yourself be intimidated. Having the right attitude and a willingness to negotiate.
  • Avoid Arguments. Arguments will not get you anywhere, and if you have an argumentative attitude, it might even be used against you. You do not have to accept this type of attitude from the debt collection agency either. Be firm, and do not be afraid to tell them what you are prepared to pay.
  • Payments. Generally, there are only two types of payments. Lump sum payments are generally the best. When negotiating monthly payments you must be careful with the details of the deal. Too often people enter these contracts and find they are paying back much more than the original debt because of extra charges that are included in the deal. The whole idea of making a settlement is to pay back less than you owed. If a debt collection agency is involved, then there is a high chance of this being possible.
  • Understanding What You Can Afford. There is no point ever agreeing to more than you can afford. Not meeting the agreements made with a debt collection agency can result in some serious problems such as losing your assets or even finding yourself being forced into bankruptcy.

You can only ever pay back what you have. If you negotiate hard you should be able to reach a payment plan that is inside your budget.

July 2, 2011

3 Ways in which moms can make money from home

In today’s scenario a single earning member can not suffice for the needs of the entire family. With growth in the basic standard of living and the rise in prices life has become very difficult. It is problematic to pay for basic amenities while luxuries stay out of your reach. Thus, it becomes imperative that both the partners contribute towards the income of the family in order to have a good financial life.

However, in some cases it is not possible for moms to work as you may need to cater to the needs of your kids. You may also want to work from the comfort of your home. You should not lose hope as there are many ways in which you can stay home and make money. One of the best ways is to start home based businesses that you can work on as and when you want. You do not have to sacrifice the quality time that you spend with your kids and also earn at the same time.

Home based businesses are businesses that you can establish by using the facilities that you have at home. Some prominent home based businesses are as follows.

1. Selling products made at home: If you are good at baking, then you can start your own range of baked products that you make at home. If you have older children at home who can put in some help, then it becomes all the more convenient for you to opt for this solution. In festive seasons the demand for these products rises and you can make more money.

2. Giving cooking classes: Providing cooking classes is also a good way in which you can make money while being in the comfort of your home. This option can be opted for if you are a good cook. The advantage that this offers you is that you can earn on the spot and you can even regulate the number of classes as per your convenience.

3. Offering baby-sitting services: You can take care of children in order to earn money. This is a great option for you if you have small kids and already have to stay home to take care of them. You can take care of both your kids and others together and earn money for it.

These are a few ways in which you can stay home and earn money without sacrificing on your household work as well as quality time with your family.