Truman Advisors Share the Differences Between Good Debt and Bad Debt

Loans have helped many to improve their financial position, while others have fallen into deep problems due to the same loans. While it is possible to live an entirely debt-free life, avoiding loans can hinder your ability to own your dream home or car or start a business that could positively change your life. Therefore, a loan can both be a good and bad thing at the same time. The main difference is the reason you are taking out the loan and how you put the money to use after acquiring it.

The first thing to do is note the differences between your wants and your needs. In this case, if you borrow money to cover for your needs or buy things that appreciate in value, then that’s good debt. If you borrow to cover your wants or buy things that depreciate, then that’s bad debt. The following examples of both good and bad debt will give you a clearer distinction between the two.

Good Debts 

1. School Loans

Using a loan to pay for your education is good debt because once you acquire your academic degree, you will be able to earn more money in your lifetime. It’s something that qualifies you for a certain job over those who lack such qualifications. Therefore, borrowing to pay for your education or child’s education is rarely a bad decision. 

2. Home Loans

Being a homeowner is commendable. Unfortunately, not everyone can afford a home at the moment, and while taking out a mortgage loan may be daunting due to the size of the loan, this is typically a good decision. Truman Advisors argue that rather than continue paying for rented housing, that same money can be put toward a home loan and be used to build equity. A mortgage is a good example of good debt and can be a smart financial decision depending on your unique situation.

3. Auto Loans

Some people’s lives are more convenient with their own car, especially when public transport is not available or is unreliable. Buying a car often becomes the only option, and if you cannot afford it, you will be required to take out a car loan. An auto loan can be both bad and good debt. The deciding factors are the type of car you buy and the way that it’s used. A used car with low miles that helps commute to work and make a better living is good debt, while a new Ferrari used to drive to the mall is bad debt.


4. Business Loans

They say it takes money to make money and this is why in most cases borrowing money for business is justified. However, make sure that you borrow with a good plan and have great business prospects so that at the end of the day, the business generates more income than the initial expense. According to Truman Advisors, a business loan is good debt if, and only if, you are purchasing or paying for something that brings more money to the business. 

Bad Credit 

1. Loans for Discretionary Expenses 

Taking out a personal loan to be able to pay for vacations, buy expensive clothes or jewelry or any other discretionary item is bad debt. You should either save for these things naturally or wait until you can boost your income, but never borrow. 

2. High-Interest Credit Cards

Credit cards provide their holders with the ability to make purchases anytime they choose, regardless of whether it’s a need or a want. This freedom of spending using borrowed money makes credit card bad debt. Unfortunately, almost every American has a credit card, and it makes them feel like it is easier to afford an item using a credit card than using cash. The bad news is that it is hard to get out of credit card debt and it is better if you do not acquire it in the first place.

3. Payday Loans 

Most companies that provide payday loans charge excessively high interest rates because they know many people are desperate for cash. Truman Advisors says that you should be very careful because paying off these loans becomes very difficult. A payday loan is one of the worst forms of bad debt, and even if you desperately need a short-term loan, it is better to exhaust all other options rather than relying on such companies. 

You will more than likely find yourself borrowing at some point in your life, and it is good you understand the difference between good debt and bad debt. Watch out to avoid falling into deep debts that could have been avoided in the first place. 


Roseland Associates Personal Finance

Roseland Associates Explains the Basics of Personal Finance

You may be surprised how many millennials (or even baby boomers) do not understand the basic principles of basic finance. However, it is not just millennials who are suffering from a lack of knowledge of personal finance. There are millions of people out there who find themselves living paycheck to paycheck each month. They are unable to live the lives that they want to since they are burdened by financial debt. This lack of information that was not taught in public school has done incredible amounts of harm to those who wish to live the best life they can. Fortunately, we have some information on financial planning 101 that will help you gain control of your life and live debt-free.


Budgeting

Americans are incredibly impulsive whenever it comes to purchases. The positive emotions that come from purchasing something can sometimes be overwhelming. We do not think clearly when we overspend on our budget each month. However, the key to financial freedom is effective and consistent budgeting. You need to be able to control your financial impulses before they control you. Create a monthly budget and stick to it no matter what. You will thank yourself in the long run for your dedication to financial discipline.


Cutting Out Unnecessary Expenses

Although budgeting is important, one could argue that cutting out unnecessary expenses is even more important. Luxury expenses such as a coffee and fast food can really harm your wallet each month. The best thing to do in this situation is to take a good look at your spending patterns and identify any unnecessary spending each month. Think long and hard about the items that you are spending money on. Are they absolutely worth it? Can you live without it? Your answers will help you determine the best financial course of action going forward.


Paying Down Debt

Most people around the world will go into debt at some point or another in our lives. The cost of living is rising rapidly, and some people are forced to take out loans just to survive. Fortunately, there are services available that can help you pay down your debt. Companies like Roseland Associates consolidates your debt into one convenient payment schedule at a reduced rate. This will help you put your focus into one singular debt and will allow you to pay it down responsibly. Identifying your priority debt to pay down is crucial as well. Speak with an expert at Roseland Associates to get insight on how consolidation may be the best way to pay down your debt.


Creating a Savings Account

As mentioned before, budgeting is the key to financial freedom. However, you will want to put money away each month to help build a savings account. You never know when you may face a financial crisis and need immediate help. Taking out another personal loan may have you drowning in more debt. Create a monthly financial plan and put aside a little bit of money each month into a savings account. You never know when you might need to make a withdrawal when the funds stop coming in.


Create More Income Streams

America is the land of opportunity. It is incredibly easy to open a business and begin selling products and services. One of the best routes to financial security is through developing more streams of revenue. This means that you will want to find ways to educate yourself and use your newly acquired knowledge to create a small business or take on a side job. Dozens of people use their free time to accumulate some extra cash each month that helps them out financially. Consider this option if you need some extra money to help you pay down some debt.


Creating Financial Goals

While these tips may be helpful, they mean nothing if you do not create achievable financial goals. The importance of goals cannot be overstated. They help us keep on track whenever we want to accomplish something. Having a vision in your mind about what kind of financial situation you want to be in will help clarify your plan of action. Be sure to sit down and write out some financial goals that you wish to accomplish. Speak with a financial advisor or a trusted friend to help you make a financial game plan and stick with it.


Achieving Financial Freedom

Millions of Americans struggle with financial problems each year. They can never seem to catch a break from the financial onslaught of debt that keeps increasing. Unfortunately, the problem is usually the person’s bad financial habits. These bad habits can keep racking up debt and prevent you from living your best life. This is why education is incredibly important when it comes to creating a pool of wealth that you and your family can enjoy. Contacting financial experts and loan providers like Roseland Associates is crucial for receiving the education you need to overcome these financial issues. Use these tips to help educate yourself on the basics of finance and take yourself closer towards living a life worth living.


Dutchess Partners

Dutchess Partners Provides an Overview of the FIRE Movement

If you’re interested in personal finances, chances are good that you’ve come across the FIRE movement. FIRE stands for “Financial Independence, Retire Early.” This movement, which is popular among younger professionals, is focused on living frugally and saving aggressively — all with the end goal of retiring much earlier than usual. 


Basics of the FIRE Movement


While there are no official rules for the FIRE movement, the idea is simple. Some people come to the movement because they don’t want to work for the majority of their lives; others simply don’t want to be beholden to employers or financial institutions. Still others want to retire early and enjoy adventures, philanthropy, or even entrepreneurial pursuits. 

In decades past, “retiring early” meant that you might get out of the workforce at age 50 instead of in your 60s. FIRE followers are setting their sights even lower — many want to retire in their 30s or 40s. Naturally, the target age varies based on the age of the person, their income, and how much money they need to retire. 

The principles of FIRE are simple. First, you need to cut your expenses, often dramatically. Second, you must start saving and investing aggressively. Of course, that looks different for every participant. People who hate to scrimp and live frugally might cut their costs, but not quite to the bare bones. 

It’s important to note that FIRE followers are not all planning to retire at 30 and spend the rest of their lives on the golf course. Many simply want to build up savings and investments so they’re less dependent on work. That way, they can stop fighting for promotions and focus on building their own companies, for example, or pursue a gig-based career with breaks for travel. 


What Do You Need to Start FIRE?


If you want to start following the FIRE movement, you’ll need to get informed. To start, you can gather your financial documents. How much do you spend each month? Each year? Then, it’s a good idea to look at your earning power. 

The third component is the most important: what kind of lifestyle do you want to live after you retire early? This information will tell you how much money you need to have coming in to sustain that lifestyle. If you want to own your own home in a gated community, your costs will be different than if you plan to move to a developing country. 

As you’re figuring out your potential future costs, it’s important to be both honest and conservative. You may want to travel now, but will you want the same thing in 20 years? Some things to consider include: 


  • Healthcare and insurance costs into old age
  • Childcare, raising kids, and college tuition
  • Housing upgrades and maintenance
  • Travel costs
  • Future plans to work or run a business



If you’re not sure how to estimate your costs accurately, it’s a good idea to get help from a professional. Financial experts can help you understand the true amount of money you’ll need to retire early. That way, you can figure out how much you’ll need to save, invest, and work down the road. It’s also helpful to work with a company like Dutchess Partners to consolidate your debt and find out if you can save money on interest payments and other fees. 


Drawbacks to the FIRE Movement


Like any financial strategy, FIRE is not without its drawbacks. According to some experts, followers may be underestimating how much money it takes to retire at 30 or 40. Others may not be planning for the costs that will arise later in life. 

For some people, the extreme FIRE lifestyle might not be a sustainable option. After all, some followers take things to the extreme, opting to live on a fraction of their salary. In the process, however, they miss out on valuable life experiences and time with family and friends. 

In the goal to retire early, FIRE followers might decide to undertake riskier investment strategies than they would otherwise. A bit of risk is fine, of course, but when taken too far, it can wipe out your entire savings. In many cases, financial experts say that a slow and steady approach to saving and investing can be more responsible. 

Are you thinking about applying the FIRE method principles to our own life? Whether you’re planning to go all-in by living frugally, or you want to take a more moderate approach, one of the first steps is to tackle your debt. Instead of managing multiple payments and interest fees, consider debt consolidation. At Dutchess Partners, lenders can make use of consolidation loans — that way, you have just one payment each month. With the money you save, you could start investing, building a savings, and getting on the path to retiring early.


Gladiator Lending

Gladiator Lending Warns Against the Pitfalls of Personal Loans and How to Avoid Them

Introduction

Sometimes you run short of cash for one reason or the other. Perhaps you have come across a profitable venture, but you don’t have the resources to take advantage. Alternatively, you could have an emergency that needs urgent cash that you may not have readily available. In such a case, you can apply for a personal loan that helps you leverage on your ability to repay back the debt. Although a personal loan can be great in such circumstances, it can also be dangerous, especially if you don’t know what to look out for. Here are some of the common pitfalls of this type of lending, and how you can avoid them: 

Borrowing Mistakes

1. Failing to Distinguish Between Needs and Wants

Some people make the mistake of borrowing to purchase what they want instead of what they need. The difference between a want and a need is that the latter translates to something that you can’t do without. An example of a need is food or rent, while wants relate to luxury items. 

Make sure that before you think about taking a personal loan, you have confirmed the urgency of the item and other possible finance options. There is no sense in committing yourself to debt just to buy something that you can survive without. If you really want to purchase that item, you are better off saving and using your money once available. 

2. Borrowing in Excess

The lender can give you the option to take a second loan if you keep your loan repayments constant for a specified period. The mistake that people make is that they get carried away and borrow more money than they need. They forget that loans can be expensive, and the more you take, the more you have to give. 

Don’t become a victim of this fallacy after you get that personal loan. You can avoid this temptation by using some of your personal savings to cover any additional expenses that may come up when using the loan. On the other hand, if your savings are not enough, try to cut costs on other things so that you can have more cash at hand. 

3. Settling too Fast

Another mistake that some people make is going to the first bank or lender that they know to get a personal loan. They take whatever deal they can get because they trust the person or institution. The problem with this move is that you miss out on other, potentially superior offers. 

Anytime you want to get a personal loan, take a few days to do some research and find out what the market has to offer. There are new players like Gladiator Lending that can have much more favorable conditions and repayment terms. Taking your time can help you find a cheaper personal loan. 

4. Looking at One Factor Alone

Another mistake that some people make when selecting a personal lender is looking at one thing. For most people, it’s the cost of the loan. Although there is nothing wrong with this, there’s much more to a lender than just costs. 

Take the example of Gladiator Lending. If you truly want to have an amazing personal loan experience, look at what they have to offer. Make sure that they have an excellent support system that can guide you whenever you need clarity on something. Having more than one perspective on a lender opens your eyes to numerous possibilities. 

5. Hidden Fees

Another mistake that people make when taking a personal loan is failing to read the fine print. They just sign the papers in a hurry because they want to get their hands on the money. This action may work against them when they want to repay the loan. For example, it may not be such a good idea to repay more than the required amount every month since it can attract more charges. 

To avoid such a mishap, ask your lender if the personal loan has precomputed interest. Under such an agreement, the bank charges you more for paying back more than what is required every month. Other than that, make sure that you take your time to read the fine print to find out more about any hidden charges. 

Conclusion

Taking a personal loan is a great idea if you want to finance a need, and you can afford to borrow. However, if it’s your first time borrowing, take note of the above mistakes and try to avoid them so that you don’t find yourself in a lot of trouble.


Robert Tweed

3 Reasons To Help Finance Sustainable Businesses

Sustainable businesses are often viewed as a social good. They are seen as companies that contribute to less pollution and a move away from greenhouse cases. These attributes make them attractive places for consumers to shop and do business. But sustainable businesses should also be seen as attractive business investment venues as well. Sustainable businesses can be more lucrative and have advantages that place them above many of their standard competitors.

Robert Tweed

Favorable tax scenario

Financing sustainable businesses can often put an individual in a favorable tax situation. There are a number of tax breaks and benefits that result from working with sustainable businesses. Companies may receive government grants that they can pass on in one way or another to their investors. Some companies are able to take advantage of tax breaks for using wind and solar energy. These tax situations can lead to lower expenses and a greater return on investment. They can immediately place sustainable businesses over many of their competitors when considering where to invest.

Intense consumer interest

Financing a sustainable business can help an individual tap into a large market of sustainably-minded individuals. This market is lucrative for a number of different reasons. One reason is that this group of people is full of young people who can become consumers for life. These young customers are always the most attractive for marketers and advertisers. Another benefit to working with these companies and their customers is the lack of price elasticity.

In most instances, customers will leave a particular area or company if prices increase. Sustainable businesses have a greater appeal to most customers outside of their prices. As a result, a company may be able to raise prices on their consumers without having those consumers seek other businesses for the same product. This relationship between companies and consumers could be the secret to making a considerable amount of money off of an investment.

Shared financial attributes

Financially sustainable businesses are often lucrative in the same way as normal businesses. They have considerable sources of capital and experienced business leaders in charge of them. Many of these companies have identified their niche and are able to pursue it substantially. They have established contracts with vendors and a marketing plan that will lead to their success.

This attitude is a recent development in the field of sustainable businesses. Robert Tweed remembers that sustainable businesses were once seen as the domain of people more interested in saving the planet than making money. But with recent innovations, an individual can invest in a sustainable business and make all of the money that they would make elsewhere while also receiving marketplace and tax benefits.

Companies interested in sustainable businesses need to treat them like any other business for purposes of investment. Some of these businesses may be run poorly or have a problematic business model. Others are inherently attractive and may lead to a considerable amount of income. No matter the situation, a sustainable business portfolio needs to be an eventual goal of any company looking to succeed in the 21st century.


How Loans Can Help Rebuild Bad Credit

Homebuyers in Tampa, Florida are loving the accelerating real estate market. Many beautiful homes are for sale, and prices still remain affordable. The Tampa-St. Petersburg area offers prime career, educational, and healthcare opportunities, in addition to the best weather and most beautiful scenery in the U.S.

Not everyone looking for a house in the Tampa area has perfect credit, but that doesn’t mean they have to remain renters. If you have the resources to buy a home, past bad credit need not freeze you out of this hot real estate market. The Associates Home Loan of Florida, Inc. helps Tampa home buyers with attractive bad credit loans.

How to boost your credit score

During the 2008 recession, millions of Americans lost their jobs. With the housing market in free fall, foreclosure rates skyrocketed. Households that once enjoyed steady incomes and great credit scores suddenly found themselves down on their luck.
For many, this was the first time they experienced bad credit.

Delinquent payments, overextended credit lines, and accounts in collection bring down credit scores. Because they represent liabilities, they make getting new credit difficult. Creditors fear that the borrower will be forced to repay all of this outstanding debt, forcing them into default on any new obligations.

As the time since defaults increases, this risk decreases, and the credit score gradually rebounds. Many borrowers in default enter credit counseling, go through foreclosure, or file bankruptcy. These actions often result in debt being eliminated, which helps credit score in the long run, though credit scores decline sharply right after these events. Most mortgage loan programs require a period of time to pass after these events before borrowers qualify.

There are many strategies that help individuals rebuild credit. New, good credit pushes the score higher. Thomas Nitzsche, senior media relations coordinator at Clear Point Credit Counseling Services in Atlanta, recommends rebuilding your credit right away after a life event causes bad credit. As a first step, he counsels requesting a copy of your credit report. Look for favorable credit and do whatever you can to shore up poor credit and have inaccuracies removed. If you lack much favorable credit, you need to open new trade lines that can build a reliable payment history.

Opening a secured credit card is a simple and effective way to rebuild your credit. Once your secured credit card payments create a record, you are likely to receive offers for low-limit subprime unsecured cards. Though these have high interest rates and fees, they help rebuild credit, which results in more, better credit card offers. Many banks and credit unions offer credit builder CDs, which help you establish a loan repayment history.

Should borrowers take out bad credit loans?

There are many great loan options available to people trying to rebuild their credit scores. Taking out bad credit loans helps immensely because if you don’t establish new credit, options for big-ticket item loans remain limited. Nerd Wallet recommends credit builder loans in addition to secured and subprime credit cards.

Offered by many smaller banks and credit unions, credit builder loans receive less advertising than other subprime loan products, though they can have a huge impact of credit scores. They are often termed “fresh start loans” or “starting over” loans. People with low or no credit qualify because the borrower secures the loan amount at the bank or credit union.

For example, Joe has a recent foreclosure and bankruptcy and needs to reestablish his credit profile. He applies for a fresh start loan at his local bank. He deposits $1,000 and takes out a $1,000 loan with a monthly payment of $80. As he makes his $80 payments each month, the bank reports the on-time payments to the three major credit bureaus. His consistent payment record drastically increases his score. At the end of the loan, Joe withdraws his $1,000 and now qualifies for a larger, unsecured loan.

Mortgage payments boost credit

Whether or not to purchase a home is a personal decision that has a great deal to do with your circumstances. What are your family’s needs? What is the state of the real estate market in your area?

If you need a home and the market is good, then it’s worth considering. The sooner you buy a home, the sooner you start building equity. Waiting several years can result in buying after home prices have increased drastically. This means a lot of money going out the window over the life of a mortgage.

When considering a mortgage, always analyze your financial wherewithal. Can you establish a budget that doesn’t leave you overextended? Is your income stable in the long term? Selling a house after just a year or two can prove difficult or impossible. You need to know you can keep up the house payments for at least 5 years.

When households have income stability, bad credit loans for mortgages make sense. Since you know you can make the payments, you know you will establish a great credit history. Not only do you gain equity in your home, you also gain the credit score that qualifies you for attractive refinance options.


Rusty Tweed

How to Become Financially Stable by Being a Real Estate Investor

Rusty Tweed
Being a real estate investor is rewarding, but it requires hard work at the start. If you have some capital to invest in land and properties and want a passive income on these assets in the long run, the real estate is a good business path for you.

According to Robert Tweed, a known real estate investor and CEO of TFS Properties, there are several steps you can take in order to succeed in becoming a real estate investor. In this post, we will be discussing 7 strategies and how you can apply them before starting to invest in real estate.

How to Become Financially Stable by Being a Real Estate Investor

1. Find profitable locations

A profitable location is a land or property located in a prime area. This means that if you put yourself in the shoes of your buyer, this can be a good place to live in, start a business, or rent out a place for a purpose. If you are looking into investing in commercial properties, do you research about the location’s foot traffic, accessibility and possible market profile? If you are investing in housing, what are the places nearby your property? Are there hospitals, schools, groceries and other shops needed by your renters? These are the things you need to consider before buying a real estate property.

2. Seek professional help

As a beginner, you might want to seek professional help. Robert Tweed says, “Getting a consultation with real estate experts takes out all the guesswork in your business. This means more profitability for you and more time to handle all the important decisions you need to make in your investments,”. Companies like TFS Properties help investors find prime locations and other pre-selling opportunities that can provide a large amount of profit for their clients.

3. List your properties in big databases

Once you are done with investing in your real estate assets, marketing is the next step. Make sure to list your properties in known databases such as Zillow, Realtor.com, and Trulia. For small-scale rentals, you can list your properties in Airbnb. These databases get a lot of online traffic. Make sure to post good quality and detailed pictures of your properties from the outside and inside, provide specifications and prices. Properties in these databases are more likely to get leased or bought.

4. Expand your online presence

Expanding your online presence is also important. As a real estate investor, you can create your own website showcasing your various property and land investments. You can hire a web designer to create a professional-looking website to draw more potential clients in. Create social media accounts such as Facebook pages, Twitter and LinkedIn. These are places where people are looking for business and housing opportunities. You can reach out to clients without the need to look depend on referrals.

5. Treat your assets as they deserve

Another important aspect of being a successful real estate investor is by taking care of your investments. Robert Tweed mentions, “Unlike a traditional company, your real estate properties are like your ’employees’. They’re the ones working for you, making you money, and giving your company value in the long run. It is essential to take care of your properties by giving due maintenance and renovation if needed.” Your real estate investments need to have regular cleaning, utility checks and other maintenance concerns to give satisfaction to your clients.

6. Organize your bills and taxes

Real estate investors are not spared from taxes, let alone property taxes. For owners of condominiums and apartments, you may be the one in charge of paying utility bills such as water and electricity in aggregate. Make sure that all these payments are organized, secure, and accurate to prevent losses in your profits. If you own a large scale real estate property, it would be helpful to have an accountant to take care of all your tax requirements.

7. Use profits to expand your business

This is the secret in where the money lies in real estate. Compared to slaving away to a 9-5 job, real estate is a scalable business. However, it takes persistence, wise investments and a marketing strategy to make things profitable in the long run. When starting small, make sure that you save some of your profit margins to put money back in the business for future investments. The money you earn from renting out a single unit can be used to buy another property. The money you used to convert and sell a house can help you find bigger real estate investments you can profit in.

Financial stability is definitely attainable for a real estate investor, as long as the right steps are done. Owning a piece of land is something that never goes out of value, and that is what makes real estate a long-standing investment that can earn you a fortune.


Debt Settlement: Do-It-Yourself VS Hiring A Settlement Company

Settling debt and claiming back the financial freedom that debt takes away is a dream many pursue diligently, but due to challenges in the settlement process, some people give in and are met with heavy liabilities. This should not happen if the right measures are embraced to make the settlement process a success. One of the ways you can settle debt is through pursuing the problem without the help of a professional. This has its own downsides and is also the reason some people opt for the second option, which is hiring a debt settlement company like Nationwide Debt Reduction Services to help.

What benefits are there in settling alone?

People who pursue the debt settlement process alone are able to enjoy several benefits. First, they don’t incur the cost of hiring someone to do it on their behalf, so they are able to save a considerable amount of money in the process. Different debt settlement companies charge different rates and it’s not likely you will get a rate you can comfortably work with, their effectiveness notwithstanding. However, going into debt settlement alone comes with many responsibilities and could prove more challenging than thought.

Why hiring a debt settlement company is the best idea

Hiring a company to help in debt settlement is a stress-free way to pursue the settlement of debt. It allows you to enjoy the peace needed to service the debt. Debt settlement companies offer you numerous benefits including a comprehensive review of your credit to come up with a plan that can help you to clear your debt. They also facilitate debt consolidation, which brings all the debt you owe different creditors under one umbrella for easy settlement.

One of the most important things a debt settlement company helps you to achieve is negotiating for the right terms in the debt settlement process. These are experts with many years in the industry and industry and their contacts extend into different experts at leading credit companies, so their proposed terms are likely to get an approval compared to when you choose to present the information yourself. They have great negotiation skills that allow them to approach creditors for a deal that will give you peace during settlement.

Communication dynamics

Additionally, debt settlement professionals change the communication dynamics and they have power in their hands to make things happen faster. For example, you could present some information to a creditor then a settlement professional relays the same message verbatim after you. Chances are the message presented by the settlement expert will be accorded more respect and considered important than if you present it yourself. Debt settlement companies command huge respect and honor in the industry and are connected to many creditors, so it becomes so easy to help you clear your debts. The negotiation a debt settlement professional initiates is received well and you are at the end of the day given a fair rate. With this support, you can reduce calls from debt collectors and you will eliminate any harassment from creditors.