Weezy’s Money Tips & More

 

Weezy’s Money Tips & More is maintained by Weezy from Southern California. This blog is all about earning and saving some extra money.This blog is full of money saving tips and reports of how Weezy saved some money. To add to this, you will get latest news about some cool deals out there in Las Vegas along with tips to maximize your savings.However, I would suggest Weezy to use Labels (also known as Tags) so that the readers can easily get the posts of a specific genre. Like if someone is looking for posts only on Money Saving Tips, the labels will allow him or her opportunity to do the same. It will save a lot of time of the user.

Which option is better for you? Debt Consolidation or Debt Settlement.

Debt Consolidation and Debt Settlement is not same thing. But both can reduce and eliminate your debt. Both of them have some pro and cons. Make sure you understand those pro and cons before sign up with any debt management company.

Debt Consolidation Program - It is quite slow process to get relief from your debt. The concept is Debt consolidation companies handle your all debts. You just send them a single payment, from which they pay to your creditors, also they negotiate with your creditors on behalf of you for lower rates and make a right payment plan.

If you enroll with this program then your creditors regularly check your account and they won’t increase your credit limit until they see you are making regular payments.

Debt Settlement Program – It is also help you to get out of debt and it is an instant process to get relief from your debt. Debt Settlement means, a certain part of your debt immediately eliminates from your total amount of debts. You will feel some instant relief on your financial condition. You can pay rest of the debts quite easily.

Debt Settlement treated as a foreclosure or bankruptcy by lenders. So your credit will be in poor condition for a couple of year. It will be difficult to avail adequate credit at least for two years. The IRS treated debt settlement like receiving a cash gift or income. Depending on where you live, you may also have to pay additional state taxes.

Debt consolidation is the process with minimum affect on your credit score, however it takes time. Debt Settlement gives you instant relief with the cost of your credit score.