Check out the 5 financial tips for the 2nd week of January 2012

Tip no 1 – Take advantage of federal student aid to lower your child’s education cost.

Apply for a federal student aid when your child is at college. The school tuition fees have increased in most states of the country. If you have not opened a 529 savings account for your kid, then it will be very difficult for you to bear the educational expenses. During these times, it becomes more than essential to apply for a federal student aid. Read the rest of this entry »

DebtCC is offering a new opportunity to the community members for earning dollars. As you all must be aware, DebtCC loves to reward the members for their valuable participation in the Community. This is why the community has decided to offer a new opportunity to its esteemed members to earn money.

The community members now get the chance to earn money through DebtCC referral system. As per this new system, the community members with 1000 credit points will be able to earn dollars through their followers. Have a look at the article to know how the followers of the community members can potentially help them to make money.

DebtCC referral member system helps you earn dollars

DebtCC Referral system helps you earn money while increasing the participation in the community. You can earn as much as 100 points through this new system or feature. You can accumulate these points and convert them into cash at the end of the month.

This new system/feature gives an opportunity to the followers of the members to join our community. The followers visiting the user pages of the members can just click on the “Join Community” button and register in the community.

Once the followers complete the registration process, they can start participating in the community. They can participate in the community and share their knowledge with others through the DebtCC Forums and Social Answers.

If a follower actively participates in the Forums and Social Answers and earns 1000 points, then the community member will earn 100 points immediately. The community member won’t have to do anything.

DebtCC Referral system – Rules and regulations

Check out the following rules and regulation that need to be followed in order to earn money through DebtCC referral system:

1. The community member must have earned 1000 points.
2. The new member needs to participate in the community actively.
3. The new member must abide by the rules and regulations of the Forums and Social Answers.
4. The new member can’t create spams .
5. Several accounts from the same IP will not be permitted.

The DebtCC referral system is at a nascent stage right now. The community is working to make the system better. The community will supervise the points system from time to time. If the community decides to make any change in the points system, then the members will be notified about it.

Finally, if you have any doubts or questions regarding DebtCC referral system, then you can contact us at mike@debtconsolidationcare.com or jason@debtconsolidationcare.com.

Our Community has come up with a new section called “41 Ways to compare and contrast major debt relief options” for the community members. The main idea behind this section is to help the community members to compare and contrast the 4 major debt relief options – debt settlement, interest rate arbitration, debt management and bankruptcy, and choose the one which suits their financial condition. Have a look at the article to know more about it.

DebtCC helps you compare the debt relief options

The new section has been introduced in the Community to help the members evaluate the 4 debt relief options correctly. They can conduct an in depth analysis of the major debt repayment plans and choose the one which suits them best.

The new section covers 41 possible questions on debt settlement, interest rate arbitration, debt management and bankruptcy. These are the questions which are frequently asked by the people in the Forums. The community members can glance through these questions and understand the subtle differences between the debt relief options.

Special symbols have been used in the chart to make it interactive. These are (a) X,
(b) √ (c) May be (d) N.A.

√ - Yes

X – No

May be – Probably

N.A – Not Applicable.

Comments have been inserted in certain questions to explain them more clearly to the community members. This has been specifically incorporated in the questions where we have felt necessary.

The most exciting feature of debt relief comparison chart is that it helps to solve all your queries on the debt repayment plans. It helps to clear your mind off the most common myths and misconceptions surrounding debt settlement, management, interest arbitration and bankruptcy.

For example, one of the most common myths regarding debt settlement is regarding taxable income. A lot of people have complained about receiving 1099 form from IRS after settling their debts with the creditors. Half of them don’t know that IRS considers the amount saved by the consumers through settlement as taxable income. We have tried to clear this and other related myths through this chart.

Some of the most important questions regarding debt relief options covered in the chart are given below:

• Does interest rate get reduced?
• Can you still be sued?
• Do you have to pay any professional fee?
• Does it stop foreclosure?

To know more about the other questions, click here.

Finally, if you are going through a debt crisis, make sure you glance through the chart once. You need to understand the salient features of all the debt relief options before choosing one. If you still have any query regarding debt relief options, then you can post your questions in our Social Answers. The community experts will give a suitable answer to your question and clear your doubts.

Please note: The DebtCC Community is currently working on preparing another comparison chart specifically on debt settlement and consolidation. Hopefully, the chart will be beneficial for the community members too. Keep visiting the blog for the latest news and updates on the Community.

The community members may be well aware of our Ranking Chart section, which has assisted consumers to find out the reliable debt relief companies over the years. The chart highlighted companies which offered quality services to the consumers. However, now our Community has changed the concept and look of the Ranking Chart to make it more credible and helpful for the people. Take a look at the article to know more about the new improvised Ranking Chart.

New improvised Ranking Chart for the community members

Our community has changed the look and concept of the Ranking Chart. For a start, we have converted Ranking Chart into a list of best USA debt relief companies. It is a general list where the best debt consolidation/settlement companies have been highlighted. But are these companies highlighted on the basis of ranks or scores just like in the earlier version of Ranking Chart? The answer is no. There is no concept of scores or ranks in our new list. This has been done to make our list more realistic and credible.

The debt relief companies are mainly listed on the basis of their accreditation, testimonials, fee structure, contact details, etc. The companies interested in getting enlisted in the list of best USA debt consolidation/settlement companies need to share certain details with the Community. These are:

1. Client testimonials – The debt relief companies need to share customer testimonials with the Community. The testimonials can be in image or video format.

2. Fee structure – The companies will have to share their fee structure with the Community. This way, consumers can know whether or not they can afford to pay the fees charged by the companies. The companies sharing their fee structure with the Community are highlighted in the “Public Fees” section. The companies who have kept their fee structure hidden have been marked as “Not-applicable” for this specific column.

3. Location – The companies are required to give their proper contact details. This way, the consumers can locate the debt relief companies at ease. The companies sharing the contact details with the DebtCC Community can be easily located through the Google Map embedded in our new list.

Some consumers are interested in working with the law firms only. This is why we have made a separate column called “Law firm” in our new list. Here the companies registered as legal companies are highlighted. The non-legal companies have been marked as “Not-applicable” for this particular column.

To understand the differences between the Ranking Chart and our new list of best USA debt relief companies clearly, take a look at the section given below:

Just like in Ranking Chart, the list of US debt relief companies highlights the best debt consolidation/settlement companies across the nation. So far, the Community has highlighted 183 companies in the list and is planning to include more. If you wish to see your company in the list, then you can fill out the free sign-up form to enlist your company in it.

Finally, if you have any further query on the list of USA debt relief companies, then visit the FAQ section. You can also mail your query to Mike (mike@debtconsolidationcare.com)

The community is coming up with a new section called “Social Answers” where you are can ask and answer questions for free. It is where you ask practical financial questions to get good answers and insights. The section has been designed in a question and answers format so as to build good answers to every question and avoid meaningless discussions. Glance through the article to know more about it.

Social answers – Ask questions and share answers

The new section Social Answers is for the people who want to ask questions and share answers and insights with people. Here people can ask and share questions irrespective of being a community member. So, if you have a query on a finance related topic, then all you need to do is post your question in a suitable category of Social Answers.

For example: If you have question on student loans, then you’ll have to post your query in the “Consolidate student loans” category. Similarly, if you have a debt related question, then write your question in the “Debt problems” category. Once your question is posted, other users will try to come up with a suitable answer.

An interesting feature of Social Answers is the voting rights. If you think that anybody has given a wrong answer to a particular question, then instead of charging that person, you can simply give a negative vote to the answer. You can do it by clicking the downward pointing arrow. If you like an answer, then vote it up by clicking the upward pointing arrow.

Votes play an important part in Social Answers. This is because answers are sorted on the basis of votes. The answer getting the highest number of votes will be the top ranked answer and vice versa.

There is no place for meaningless discussions, fights, abuses, etc. in Social Answers and this is why voting system is being introduced in the section. If you dislike an answer, feel free to give a negative vote. But you can’t comment on an answer or a question. If you are confident that you can give a better answer, feel free to post it. Make sure your answer is original and not another irrelevant question. Otherwise, your answer may be removed by the admin panel.

Finally, Social Answers is at a developing stage right now. The Community is working hard to make it bigger and better. So, keep visiting this blog for latest news and updates on Social Answers. For more information on Social Answers, click here.