Your Questions About Financial Freedom Services

Robert asks…

Financial Advice Needed…?

I am a college student and I have bills up the wall! how do I stop spending and start paying the bills? I need to manage my money wisely!!

John answers:

I just graduated college recently and now I’m trying to pay all of the money I racked up while in college. I’m considering getting a part time job (evening) along with my current full time job. I can afford to pay my bills, but I’m not paying off much extra debt.
I suggest going to the grocery store and ALWAYS eating at home or packing your lunch. I’ve been doing this for over a year and it has saved a TON of money. Now, I am also going through the paper every week and getting coupons for my groceries and household necessities.
Do you live by yourself? I went for 3 months without cable or internet to save money when I moved. I just checked my e-mail at work and watched all of the DVD’s I own (didn’t rent). Also, I do not have a land line phone. I ONLY use a cell phone. Why would you need both unless you get poor service with your cell phone plan?
I would say I only pay to go out to dinner once every couple of weeks (no fast food or anything). Just think of how much money you would save! You still have to have a life though. Just invite friends over to visit instead of planning on meeting for dinner.
Just think, It will be worth it in the long run to get this paid off ASAP and pay cash for anything you want to do in the future.

I hope these suggestions help!

NOTE*** I have a great credit score, but I don’t have any money freed up to save or pay cash for extra little things that I want. I’m half way to financial freedom.!

Ruth asks…

What is the real definition of freedom to you? :D?

With everything that has happenned in the states.

Everything that has happened in the world.

What do you think we should have as freedoms?

I think we should all be free to do whatever we want whenever we want as long as it doesn conflict with life or cause death or cause any negative effects to any other human being. Course this would mean the legal system wouldnt exist anymore. The medical practise could be driven on its oath rather than profit driven. The money system would definately have to go. People don’t need money it fucks up people ethics and makes people think everything that gives them profit is ok. If people worked together and took care of the whole world and all the people therein we would not be in other countries conflicting and opressing people and the bountries would drop. Of course religion has to go. It has caused more death throughout mans history. Anyways you may comment on my answer and give one of your own I will not accept any answer I just want to see replies to this. Thank you for your time 😀

John answers:

Right away you have abolished freedom of religion, which conflicts with your definition at the start.

My definition of a free society is that everyone is free to do anything as longs as it does not interfere with the freedom of others to do the same. Freedom is the government staying out of business and buseiness staying out of government – and the same applying to all other other private matters.

There is no reason to abolish money. Money is nothing more than a convenient way to exchange various goods in trade. If you work for someone, how do you get paid? Money does not make people unethical. Money is useless to most people on it’s own. Paper money is intrinsically good for only one thing. People desire the things money can get them, not the money itself. Abolish money and people will still want those things and try to get them some other way.

Profit is not unethical. The profit motive is what gives people the incentive to start productive enterprises. If there were no incentive, nothing would be produced except on a very limitted scale and far fewer people would benefit. For example, peole who invent and make computer hardware and softwae would do it only for themselves. You would have to grow your onw food. Anyone who goes to the trouble of setting up some form of production for others to benefit from deserves something over and above their living needs as a reward. The money so gained (profit) can then be used to set up more productive enterprises, either by that same person or loaned to some other person for that purpose (i.e. Used as capital).

Where is the incentive for people to work together for the common good the way you wish them to? This is just Communism, which has failed in every attempt. Nobody will work without some incentive unless theya re forced to, either by government or by group pressure. That is not freedom, that is force.

Everybody would not be able to agree on how to work together, so would have to resort to democratic decisions-making which would lead to government control and the imposition of the wishes sof the majority on the minority in all decisions, which would take away their freedoms. It is better for all people to use their own private prosperty independently. Then there are fewer arguments. Liberty and private property are inseperable,since if you don’t have privae property, you have nothing to exercise your freedoms with. Private property includes your own body and thoughts.

It is not national boundaries which cause wars, it is the political ambitions of government officials, encouraged by financial interests. With a small government, there is less likelihood of war, since the politicians are easily restrained by citizens from declaring them. If people of all countries have a good standard of living there is no incentive for the people of those countries to go to war. They are not going to put their lives on the line just to grab more territory or reources than they need. If all countries also maintain a good military, there is an effective deterrant against all other countries from attacking them.

We would still need laws, since there has to be a way of stopping people from interfereing with the freedoms of others (which is what we would class murder and theft as). But in a free society there is a smaller government (in terms of amont of control it has) and therefore fewer laws So the lawyers would not have as much opportunity to make money as they do now.

The medical profession can operate on profit and still obey it’s oath. It just couldn’t make profit from unethical practices. Before the government health system took over, many wealthy doctors did free services for the poor through church clinics. They could afford to. They did it because they were Christians, or at least society in general was. What you shoud be opposing is the government helping the medical industry to make profits despite the genuine needs and wishes of the people. In a free market, people choose their health care..

Http://etherzone.com/2007/stang082407.shtml

Religion has not been responsible for conflict and oppression. It has been used as a pretext for committing those acts by people who would want to do them whether they are religious or not. They would be less likely to want to do them if they were genuinely religous. Everybody has some set of beliefs which they hold to whether they are religious or not. A religion is nothing more than a view of the world and the correct values for living in it. Many people who oppose religion effectively are religious themselves – they unconsciously subscribe to a basic philosophy.

Read this link to see what I mean. Do you agree withit? If so, you are religious, since it claims to be a religion itself, and at the same time opposes traditional religion.

Http://www.americanhumanist.org/about/manifesto1.html

David asks…

Does anyone know about a company called Freedom Plus?

I’m looking to consolidate my credit cards, and have seen some of their ads. Does anyone know anything about them? Thanks.

John answers:

Freedom Plus, offered by Freedom Financial Network, is a program where consumers get free evaluations (either online debt comparisons or consultations with debt consultants) to evaluate the best debt resolution program for their personal needs. The Bills.com staff and I have researched Freedom Plus and reviewed information on the company and on its debt resolution strategies. We give Freedom Plus a thumbs up.

The Freedom Plus program is an online resource where for free you can pull your credit report, validate who and what you owe, and then compare side-by-side your debt consolidation and debt relief options including Credit Counseling, Making Minimum Payments, and Debt Resolution options.

If you are indeed struggling with unmanageable debts then we would recommend evaluating your lifetime TrueCost of debt paydown, and compare debt options for getting to debt freedom. There are many different debt relief options – including credit counseling, debt settlement, bankruptcy, debt consolidation and even bankruptcy if your debt is debilitating. You can take control of your situation and get out of debt with one or more of these options, some of which you can indeed compare for free with FreedomPlus:

Credit counseling
Debt consolidation
Debt settlement
Bankruptcy

Bills.com has created individual solution pages within the debt portal, but here is a quick summary of each one to get you started as well.

Credit Counseling
Credit counseling is a program that enrolls you on a debt management plan (“DMP”) which usually allows you to qualify for a concession rate from your creditors for lower interest rates and lower payments. The plan should include reduced interest rates, lessons in budgeting and money management, or a comprehensive debt management program.

Debt Consolidation
You may be able to consolidate your debts with a home equity loan, mortgage refinance or other debt consolidation loans. If you’re confident that you’ll be able to make the payments without building more credit card debt, debt consolidation can be an excellent way to reduce your payments and possibly reduce your taxes. You usually must be a homeowner to qualify for most debt consolidation loans. You can apply with Bills.com’s approved debt consolidation lenders.

Debt Negotiation or Debt Settlement
Debt settlement services offer to negotiate and settle your debts for less than you owe, many times reducing debts by as much as half. Debt settlement is an option for people who cannot afford their monthly payments, and who are not worried if their credit rating will be negatively impacted during the program. It’s important to be aware that you are NOT making monthly payments and staying current on your debts while enrolled in a debt settlement program, so be aware of the credit impact and the potential collection harassment from your creditors.

Self-Help Debt Relief
The easiest debt relief options are things you can do yourself, as covered below like budgeting.

*Tracking your spending
*Checking your credit reports
*Negotiating with creditors for reductions

Track your spending – Write down every penny you spend for one month, including monthly bills, automatic payments and bank charges. If you see a lot of unnecessary expenses like $10 weekday lunches or $4 magazines bought at a newsstand, cut those expenses and use the savings to pay down your debts.

Check your credit reports – The government provides three free reports a year at Annual Credit Report and 4 out of 5 people’s reports have errors that can increase your interest rate or damage your credit.

Negotiate with creditors – Call your creditors and ask them to reduce your interest rate in order to keep you as a customer. If you know a payment will be late or you can’t pay it, call the creditor before the due date to arrange a new payment plan.

Bankruptcy
Bankruptcy should be your last choice for getting out of debt because it will damage your credit for 7-10 years and, depending on which type of bankruptcy you file for, you could be forced to give up some of your assets or assigned a long-term payment plan. There have also been legal changes put in place by congress that makes if more challenging to qualify for a Chapter 7 Bankruptcy, forcing many people to file for a Chapter 13 Bankruptcy which is really a repayment plan.

Editor’s Note: In the spirit of full disclosure, Bills.com considers Freedom Financial Network and all of it’s related financial services platforms as sister companies and thinks highly of their debt resolution programs — but be sure to do your own homework and find the right solution and the right provider for your own needs.

I hope this information helps you Find, Save, and Learn.

Best,
Bill
www.bills.com

James asks…

Do bank charters prohibit them from lending?

Someone pushed the freedom club usa on me and I saw a red flag right away, but I feel bad for the man telling me if this is a scam, I would like to tell him it is but will need solid proof. So do bank charters prohibit them from lending my money, or their money, and is a “Straw Man” real?

John answers:

Http://www.ripoffreport.com/financial-services/freedom-club-usa/freedom-club-usa-a-former-refe-56246.htm

Read… And then run another google search for “freedom club usa scam”….
Should give you enough reading material to verify that yes, this is a scam.

Helen asks…

Settling Debt? Any opinion on services such as Credit Solutions?

Has anyone used them or other services, and do you feel that it’s a good thing to settle debt?
http://www.ripoffreport.com/Credit-Services/CSA-Credit-Solutions/investigation-doing-right-by-89y82.htm

they get a great grade by them…i think you may be wrong about Credit Solutions

John answers:

Debt settlement programs are designed for consumers who are experiencing financial hardships. It is a given that a consumer’s credit rating will be negatively impacted by a debt settlement program, if it has not been negatively harmed by delinquent payments already. It is very important for a consumer to assess his or her financial situation thoroughly. If you can afford to pay your creditors, and you are not having a financial hardship then you should prepare a budget so that you can manage your finances and get yourself out of debt. On the other hand, if you are experiencing a financial hardship and are struggling with monthly payments then you may want to consider a debt settlement firm to assist you with resolving your debt. If you are considering a debt settlement company to assist you with your debts be certain that they are members of The Association of Settlement Companies (TASC). TASC requires its members to practice ethically and responsibly so that consumers are aware of the negative and positive implications of enrolling in a debt settlement program.

Debt settlement, also called debt negotiation, is a form of debt consolidation that oftentimes cuts consumer’s total debt in half. Freedom Debt Relief offers debt settlement services. Debt settlement takes, on average, three years to complete. The consumer is not paying creditors during a debt settlement program. This means that debt settlement will negatively impact a consumer’s credit rating for the term of the program. However, debt settlement is usually the fastest and cheapest way to debt freedom. The trade-off is a negative credit rating versus saving money.

It is possible to negotiate the debts yourself. Negotiating your own debt requires a high level of discipline and organizational skills. First, you need to be disciplined in saving money each month in a fund you will use to settle the debts. Building a settlement fund is essential to success in settling with creditors. Second, you must be highly organized. Creditors, generally speaking, do not consider settling or negotiating a debt until a debtor falls behind 120-180 days. At this point the creditor is required to “write-off” the debt, also known as “charge off”. Typically, when a debtor has gone delinquent for this amount of time a creditor will negotiate a settlement on the debt. However, it is not as easy as it sounds. You must keep track of which collection agent has bought the debt, and document every instance of communication and interaction with the creditor or collection agent.

Entering a debt settlement program does not prevent creditors from trying to collect or pursue legal action. However, having a professional company represent you can alleviate some of the stress involved in settling debt.

Although it might seem odd to pay a fee to save money, experienced debt negotiators will save you far more than the cost of their fee. They know which creditors are willing to negotiate and how much of a settlement they will accept. Due to their network of relationships, they can settle debts you could not on your own.

There is no simple solution for any one who experiences a financial hardship. There are a handful of alternatives, and each one contains positive and negative aspects. I encourage you to read more about what the alternative options are with the links I have provided below.

If your income level does not support a debt settlement approach, consult with a an attorney in your state who has experience in bankruptcy.

I hope this information helps you Find, Save, and Learn.

Best,
Bill
www.bills.com/blog

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