Solid
info on debt and maximizing your disability benefits
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"How To
Dig Out Debt And 11 Ways To Stretch Your Disability Check!"
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1. Credit counseling:
An agency (typically non-profit)
will help you set up a 3-5 year debt repayment plan.
The
agency
will negotiate with creditors to get
a lower interest rate and get fees
waived on
your outstanding debt.
Once
a plan is in place you send one check to the agency each
month and they distribute to the creditors.
Choosing the right service:
Select a credit counseling service that has been in business for at
least 10 years. On
the site
www.usdoj.gov
select
A-Z Index
at the bottom of the page,
then credit counseling.
Expect to pay an initial amount
of $30- $50 a month.
Other
options to consolidate debt: use
money in your retirement account, get
a personal loan from
family or friends, or
use home equity.
There
are pros and cons to
each approach. Make sure you have good financial
advice regarding each before you
use one of them.
2. Debt settlement firm:
The
firm will
attempt to convince your creditors to accept less than you owe. This
could be as much as 50 - 60% less. This is different
than option 1 because you are not paying back all the money.
You will likely be asked to stop making all payments to creditors so
the firm can negotiate the best deal.
- Reduce
your debt by 40 - 65%
- Get
out of debt in 12 - 36 months*
- This
will stop harassing creditor calls
- Settle
your debt for LESS than you owe
- Arrange
ONE simple monthly payment
- Consolidation
is a Smart and Easy Alternative to Bankruptcy
Choosing
the right company:
The
company fee is based mainly on the amount they save you not
what you owe. Example: $100 - $200 set up fee and 15% - 25% of what
you save.
The plan should get you out of debt in 36 months. Look for a
company that has been in business for at least 10 years.
Get
started with Debt Info USA click here
3. Bankruptcy:
“Is
it appropriate?”
with Susan Hardy:
If you are having a problem with bills,
Susan Hardy
can help you understand if chapter 7 may eliminate credit card debt
and reduce your debt.
Susan is not an attorney but
she just knows from personal experience that chapter 7
may be a way for you to let go of Credit Cards, Medical
Bills, utility bills, personal loans, pay day loans and other
unsecured debt.
Susan hosts a complimentary chat to address:
- Bankruptcy? when and if its appropriate
- the difference between Chapter 7 and Chapter 13 bankruptcy,
- where to find Pro-Bono (free)
attorneys that work for people that are
economically challenged.
Click
here to check out Susan's (aka lacey) community page for more info.
Tips
to help you live within your means
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1. How
to Get $65 worth of food for $30
2. Eat healthy for less on a disability budget
A
variety of options for obtaining food on a budget i.e.
grow, can, freeze,
barter.
3. ClipnGoCoupons - $75.00 in Free
Groceries
You can get $75.00 worth of
coupons and a chance to win gas and groceries (a $3,500 value)
4. Learn
how to stop paying Student loans
the
student loan forgiveness form is here. Print the form, fill it out and mail to the address on the form.
5. Save
Money on technology equipment
The list of equipment includes wheelchair ramps, optical magnification devices and Dragon Naturally Speaking.
6. Cheap Local and
Long Distance telephone
service
from Magic
Jack - FREE trial - Click
here
Members
have paid $38.00 set up and $19.95 year
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6
ways to use your Disability Digest membership and save.
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1. Speed
up your approval for
Disability
2. Maximize your benefits
3. Find low cost or
no cost meds and
treatment options
4. Reduce your Medicare cost
5. Apply for a modest
needs grant
6. Learn
ways to supplement your income
Visit
the Disability
Digest members’
area to learn about all the resources above and more to help you
weave through the maze of disability issues.
The members area is here
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