Debt Consolidation Versus Debt Negotiation

Debt consolidation versus debt negotiation are two options that are available to you if you need debt assistance. When your monthly bills become too much for you to handle, it makes sense to use debt consolidation or debt negotiation for solving debt and credit problems.

Debt Consolidation

Debt consolidation services have prearranged debt repayment plans with most credit card and collection companies. When you sign up with a debt consolidation company you are offered a lower overall monthly payment based on a lower interest rate they have arranged with the creditor.

This payment is lower than what the credit card companies offer you, saves you money every month and is often the best way to consolidate debt.

One benefit of a debt consolidation repayment plan is it will stop you from getting harassed by your creditors as long as you make the new, lower monthly payments.

The downside of the debt consolidation repayment plan is that you have to cancel all credit cards that you include in the plan. You are also charged your first payment you make toward the program and an additional monthly administration fee. This administration fee ranges from flat fees of $10-$50, while others charge a $5 fee for each creditor. That means you'll pay about $30 a month that doesn't go to paying off your debts.

The debt consolidation program benefits you if you have high interest rates or have higher credit card bills than you can manage. Some people like to make only one payment to one company for all of their debts.

Debt Negotiation

Debt negotiation is sometimes referred to as debt settlement. This is most often offered to people who can't handle a debt consolidation program. If you can't make the minimum payments of a debt consolidation repayment plan or haven't made payments in the past 3 months, a debt negotiation program is the next step for solving debt and credit problems.

One benefit of a debt negotiation program is you stop making payments to your creditors. The debt negotiation company either takes monthly payments from you and keeps it in an account, or lets you keep the money in your own account.

While you are making these monthly payments to the debt negotiation company, they negotiate with your creditors for a lower payoff of around 40-50% of your total amount of debt. Once the negotiated settlement is agreed upon with your creditors, the debt negotiation company makes a one time payment to them.

A downside of the debt negotiation program is it lowers your credit score for as long as you are in the program. However, most debt negotiation companies require the creditor make the credit report show paid in full so it doesn't show up as a negative on your report once your account is settled.

Some debt negotiation companies include a credit repair service that will remove the negative items caused by the debt negotiation program. You pay for this service as part of their program.

Now that you have an idea what debt consolidation versus debt negotiation is choose which one will work best for solving debt and credit problems for you.

Copyright 2005 Credit Repair Facts.com All Rights Reserved.

This article is supplied by http://www.credit-repair-facts.com where you will find credit information, debt elimination programs and informative facts that give you the knowledge to correct your own credit and credit report. For more credit related articles like these go to: http://www.credit-repair-facts.com/articles_1.html

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VoIP Providers - Comparing Plans

Here are some of the most frequently asked questions about how you should go about comparing plans between several VoIP providers.

"What do I need to look for when evaluating one VoIP provider versus another?"

It all depends on what you want to achieve. Your first step is to google "Compare VoIP provider." Any of the sites listed there will help you make some comparisons. If price is your most important concern, you'll want to focus on the Ongoing Monthly Fees of each VoIP provider as well as their Long Distance Rates. If voice clarity or the reliability of the service are more important, visit some of the user forums and read what people are saying.

Most of the sites you'll find will allow you to enter your current area code and then they'll return the names of various VoIP providers with a list of plans available for your location.

Most of the sites will have a section on VoIP Providers Reviews where you can read (or write) a review.

"What are the different kinds of plans?"

Generally speaking, the VoIP providers will offer some or all of the following types of plans: PC-to-Phone, PC-to-PC, Cable Phone Service, Home, Business, and International Calls.

"What sorts of features do the different VoIP providers offer?"

In general, they'll some combination of the following basic features:

• 3 Way Calling
• 911
• Caller ID
• Voice Mail
• Call Waiting
• Keep Your Number

In addition, many of the VoIP providers will offer some more advanced features:

• Call blocking (900 numbers, anonymous calls, directory assistance, telemarketer blocking, etc)
• Call Hold
• Call Transfer
• Conference Calling
• Fax capability
• Directory assistance
• Global travel
• Speed dialing
• Return call (*69)
• Call forwarding
• Voice mail
• ...and more.

Conclusion

Figure out what you want from a VoIP provider and then go shopping to compare pricing, features and availability in your area. Remember: it starts when you google "Compare VoIP providers."

Ara Rubyan is not a part of the VoIP industry, nor does he sell VoIP services, nor does he pretend to be a guru of any kind. Instead, he is like you: a consumer, a business owner, and someone who has been researching the industry so that he could make an informed decision about the best VoIP service for his needs. Now, he's put all his research (so far) in one convenient location and he's sharing it with you, no strings attached.

For more info on VoIP providers, visit Ara Rubyan's VoIP Solution.

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