Debt Settlement Education

Latest Guides

  • Debt Consolidation Scams
    While there are some reputable companies who can help you reduce or eliminate your debt, there are many more who only offer misleading statements and outright scams. Learn how to tell the difference between the two.
  • Debt Reduction: Negotiating Your Own Debt Settlement
    Some consumers might think going to a debt reduction specialist for a debt settlement is a waste of time. Certainly, any debtor can approach their creditors to try and obtain a “better deal” on the interest and crushing payments they’re dealing with now. But are they skilled enough in dealing with people AND finances, or will they find themselves in worse shape than before?

Latest Blog Posts

  • Debt Relief Scams: How to Protect Yourself
    Get the real debt relief that you deserve. Here are some key tips to help you navigate the debt management maze.
  • Friday Grab Bag - 12/4/2009
    It's Friday again, and that means it's time for the weekly SpendOnLife grab bag! Here we share some of the week's more interesting tidbits from the world of credit. Enjoy!
  • Denied for a Home Loan Mod...Is Foreclosure Next?!
    Denied for a home loan modification, credit score in the gutter, debt through the roof...how can I keep my house and avoid foreclosure?
  • Careful! A Loan Modification Can Hurt Your Credit
    When foreclosure seems imminent, a loan modification seems like a godsend. The benefit is a mortgage payment borrowers can afford, but the true cost, many are discovering, is a damaged credit score.
  • Credit Card Arbitration and You: Get Ready to Rumble
    We all know the credit card companies aren’t playing fair. They’re jacking rates, slashing limits, raising minimum payments, or sometimes cancelling accounts altogether. Did you also know that they've most likely buried a mandatory arbitration clause in your contract, to avoid costly class-action lawsuits?
  • Debt Settlement Scams, Legit Credit Counseling, and Repayment Plans
    We've all heard horror stories of debt settlement scams: Fraudsters claim to greatly reduce or erase your debt, for a fee, but then do nothing to actually help your situation. Are there any legitimate options out there for those who are struggling? Learn which credit counselors can actually help, and what a repayment plan might look like in your situation.