Hey Everyone,
I'm finally stopping by the Dangerfield Manifesto to introduce myself, my name is Ms. MyMoney. I am stepping onto the scene with a new approach to organizing finances, particulary for getting out of debt. First I would like to thank my sponsors " A Dangerfield Manifesto" Coming soon to a Bookstore near you and also www.debteliminationABCs.com.
After working in the debt services industry for a couple of years, it became apparent to me that when it comes to unsecured debt, people have no clue on what they are doing.
So, I ,along with a couple of other disenchanted debt industry people, decided to launch a soon to come website called www.debteliminationABCs.com Here we provide the consumer with information on the different debt relief options, what the consumer rights are if one can no longer afford to pay on their debt as well as resources that will point you, the consumer, in the right direction to helping you eliminate your debt problems. Our goal is to help the indebted American citizen make an informed decision about their debt resolution and help them feel 100% confident in knowing that they made the right choice. While the website is under construction I, along with my other colleagues in crime, will be posting different articles which touch on a variety of issues that pertain to unsecured debt. Hopefully, you will learn something that you didnt know before and the information will motivate you to take charge of your financial situation which will allow you to devise a strategy that will help you get out of debt, stop paying other people, and utilize "MY MONEY" more effectively. Until the next time ladies and gents, remember one thing- count every penney, nickel and dime, because they will eventual add up to dollars $$$
Brought to you by " A Dangerfield Manifesto" Coming Soon to a bookstore near you and www.debteliminationABCs.com
Take care,
Ms. MyMoney
Sunday, May 20, 2007
Introduction of Ms.MyMoney
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2 comments:
what is unsecured debt???
Hi Anyonymous,
What is Unsecured Debt?
This is a question that I am asked on a daily basis. Unsecured debt is debt that is not attached to anything that can be legally taken from the debtor if they default on payments. Typically unsecured debt is credit cards, personal loans, store cards, gas cards, medical bills, furniture store accounts, jewelry store accounts, etc... Now you might be asking yourself, "why is this important to know?" Knowing whether you owe on unsecured or secured debt can help you determine where you need to allocate your money if you ever end up in a situation where you can no longer afford to pay all of your bills. If funds are tight and it comes down to making the credit card payments or eating, you can eat your meal and not have to worry too much about not having a roof over your head. Now, sometimes the latter examples given are considered secured debt. However, the likelihood of a creditor repossessing your furniture, electronics or jewelry for defaulting on payments is pretty slim. Although it is very possible, it is still high unlikely. Unlikely because, the legal process to obtain the court order to come into your home to repossess the items is so expensive and time consuming, the creditor would rather just try to collect on the debt than to repossess the item(s). Plus, from a financial stand point the money that the creditor would have to pay out versus what they would recuperate from the resale makes the whole process ineffective. This is what defines Unsecured debt and as simple as the above definition is, a lot of America's indebted consumers have no idea what it means. I blame this on our government for not teaching us this subject but thankfullly www.debteliminationABCs.com has come along to pick up the governments slack and help the unknowing debtor get informed!!! Stay tuned my debt learning students, next up an interesting article brought to us by Kashi Sweet, a 5 year veteran of the credit counseling agency who explains why getting out of debt starts in the mind before anything else.
Take care,
Ms.MyMoney
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