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Debt Management | Top Companies: This Week's Reviews |
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| Services Offered:
Debt management |
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| Company Overview:
Credit Diagnosis started in 2006 to allow consumers to
have access to debt management tools and services. They
offer many different products and services, including
credit reporting and debt management, as well as
identity theft protection and fraud prevention. Credit
Diagnosis serves millions of consumers annually. |
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| Our Review:
Credit Diagnosis is a great service to use for debt
management and credit monitoring. They have an array of
useful tools, as well as plenty of information for those
looking to learn more about credit. Their customer
service is excellent, and the website is really simple
to use, making it accessible to anyone. |
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| User Review:
Credit Diagnosis gave me the exact debt management tools
that I needed and nothing else. They were so helpful,
and I can’t believe all the things that I learned about
my credit and how to take care of debt. I have been a
regular customer for about three years now, and I’m
really impressed with their ability to keep growing and
surprising me with new features. |
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| Services Offered:
Debt management |
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| Company Overview:
Debt Free in Three was established in 2005 by Clint
Holland. The program offers debt management solutions
that are quicker and more efficient than traditional
debt settlement companies offer. The company has helped
thousands of customers in the past 4 years, and there is
a 100% guarantee on the services that consumers receive. |
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| Our Review:
Debt Free in Three offers a great alternative to other
debt management and settlement options. By using the
program, most customers pay off debt much faster, which
is a great relief for them. The website is a little
cluttered, but overall has good information and is easy
to navigate. The guarantee is a great addition, as well. |
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| User Review:
Debt Free in Three made my life so much easier! I
thought I’d be paying off my student loans forever, but
with their program I was able to manage my debt better
and get it paid off a lot faster than I would have on my
own. I love it, and I’d recommend it for anyone who
wants to get out of debt fast. |
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| Services Offered:
Debt management |
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| Company Overview:
Living on a Dime was founded in 1999. The
mother-daughter owners of the company have been living
the lifestyle that they teach for over 20 years. They
sell thousands of books that teach consumers about debt
management and living frugally to stay out of debt.
Instead of offering the easy way out, they teach
consumers a whole new way of life. |
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| Our Review:
Considering that information is the primary tool for
debt management, this site is one of our favorites. They
won’t offer an easy way out or complete debt elimination
for a fee like most sites. Instead, they offer you a
chance to learn a different way of life, pay off your
debts, and save more money as you go. The website is
easy to use, and this is a great product for anyone who
needs debt management help. |
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| User Review:
Living on a Dime did exactly what I needed it to. I
bought the book, learned how to live a better financial
life, and am now debt free and saving a lot of money on
everyday expenses. I love the principles that the book
teaches so much that I bought a copy for my mom and my
sister, too. |
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| Services Offered:
Debt management |
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| Company Overview:
CreditReporting.com is a subsidiary of Evergreen Credit
Reporting, Inc., which is a member of the Associated
Credit Bureaus. This is the consumer regulating service
for credit reporting in the United States. They have
many debt management services, including 3-in-1 credit
reports and credit scores, as well as debt management
tools. |
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| Our Review:
CreditReporting.com is another great site for credit
monitoring and debt management. Their site is well
designed and their services are very useful. It would be
nice if they had more facts about their company, but
that doesn’t affect the services that you will get, so
it’s not really an issue. Their customer service is
great, as well. |
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| User Review:
CreditReporting.com gave me all of the tools that I
needed to manage my debt and monitor my credit. I was
trying to get back on track to buy a home, and they made
it so much easier than I ever thought possible. I’m
grateful for their service, and two years later, I’ve
got my own home and still am a customer because I love
the site so much. |
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Other Top Companies for
Debt Management : |
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Debt Management Begins with Education and Information: |
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When it comes
to properly managing debt and credit, people are often
led astray simply by being uninformed. There are so many
people that misuse credit every day and many of those
people only do so because they lack the right education
about using credit properly and avoiding debt. Debt
management is something that every young adult should
learn, and every grown adult who hasn’t had the
education yet. First of all, you should understand the
different types of debt, as well how to make them work
for you best. Unsecured debt is anything that doesn’t
have property attached to it. Credit cards are the best
example. You should keep unsecured debt to a minimum at
all times, but having some is better than none. A person
with small balances on their credit cards will have a
better credit score than a person whose are paid off and
appear to not be used, because not using your credit is
just as bad as not having any. Secured debt is the other
type of debt, and includes things like home loans, auto
loans, and business loans. Since there is “stuff”
attached to the loan, it is considered secure.
Basically, that means that if you don’t pay, the bank
can take your property, making it a secure transaction
for them. With credit cards, if you don’t pay them,
there’s not a lot that can be done. It is far easier to
get secured debt than it is to get unsecured debt.
Having a little of both, in good standing, of course,
can make your credit look amazingly different than
having just a couple of credit cards or just an auto
loan. The rule of thumb with unsecured debt is that you
should never have more than you have income. Your
debt-to-income ratio, or the amount of debt you have
compared to the amount of money you make, plays a large
role in your credit score. For example, if you make
$2200 a month, your monthly payments for a house, car,
and a credit card or two should be less than $1100. This
is just the minimum payment amount, though. Don’t count
the extra that you pay each month. If you do have more
debt than that each month, your score will drop a
little. If you have less, your score will increase.
Also, you should never have credit cards that are maxed
out just because you went on a shopping spree. The best
rule to keep your debt management under control is that
if you don’t have the cash in hand, then you can’t
afford it, no matter how high your credit limit is.
Responsible credit use can save you a lot of time when
it comes to debt management down the road. Keep these
things in mind, and explore other facets of the site to
learn about other areas of credit and debt management.
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