Debt Consolidation USA Explains Tips On How To Handle Windfall Profit

by Shelton on August 5th, 2014

filed under Debt Consolidation

Debt Consolidation USA shares in a recent article published last July 18, 2014 some of the pitfalls of having windfall profit. The article lays out some of the most common traps that unexpected earnings bring to a consumer.

New York, NY (PRWEB) July 24, 2014

Debt Consolidation USA shares in a recent article published last July 18, 2014 some of the pitfalls of having windfall profit. The article titled “3 Pitfalls Of Windfall Profits” lays out some of the most common traps that unexpected earnings bring to a consumer.

The article starts off by defining that windfall profit is an unexpected surge in profit. It is an un-budgeted amount that can sometimes come in when the person least expects it. The most popular source of windfall profit could be a performance bonus at work, a tax refund, financial gifts from relatives and even winning the lottery.

With the unexpected money, consumers are oftentimes in a dilemma on how best to use it. This usually leads to knee jerk reactions that run the risk of losing the money faster that they can think of ways to save it. The article helps consumers out by highlighting these initial reaction to windfall profit so people can manage expectations better.

The first thing that people usually do with money that is unexpected is spend on present rewards. There is that desire to reward oneself immediately after getting a performance bonus. The idea is that the hard work begets a reward at the end. There is nothing wrong with this notion and it can actually help a person perform better the next time around. The problem lies with overdoing it.

Rewarding has to be commensurate with either the work done or the windfall profit, whichever is smaller. It does not make sense using up the entire amount for a trip that will only last for a few days. Allotting just a portion of the money for a reward is better than blowing off the whole amount It would be better to put most if it in a savings fund, retirement fund, emergency fund or other investments that can yield profit in the future.

The article also shares that most people are quick to undergo a lifestyle upgrade as soon as the money comes in. Even if it the money is coming from lotto winnings, upgrading the lifestyle can shorten the possible uses of the money. Especially so if the jump on lifestyle is from middle-income living to buying a mansion and having a garage full of sports cars. When the funds are depleted, there will be nothing to sustain the lifestyle and the consumer would be forced to go back to the way things were.

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For the original version on PRWeb visit: Announces Names Of Three Best Options For …

by Shelton on August 5th, 2014

filed under Debt Consolidation

PR Web

Washington, DC (PRWEB) July 15, 2014

Washington, DC might be the nations capital but it is also very close to being the capital of unemployment with a rate of 8.9%. This is not only high; its much higher than the national unemployment rate of 7.3%. Given the Districts total workforce of 369,500, its unemployment rate translates into approximately, 25,000 people currently out of work. And this is in a city where the US government typically hires hundreds of workers a month.

The average mortgage in Washington DC is about $298,000, compared to a national average of $170,000. However, the Districts percentage of home ownership is just 42.4% or well below that of the United States as a whole. recently undertook a study of the online debt relief providers available to help Washingtonians saddled with big debt. This study sought to determine which companies could be trusted to provide effective debt relief at an affordable cost. The unfortunate fact is that there are many online debt relief companies that are swindlers. They charge big upfront fees then dont deliver the services they had promised. By the time the customers of these fraudulent companies realize whats happened, the scammers have closed up shop, only to open up again a few months later with a new name and website address.

The good news for Washingtonians struggling with debt is that there are debt consolidation loan companies that are trustworthy and that deliver on their promises. BestDebtConsolidationloans.orgs study identified the best three of these companies as National Debt Relief, CuraDebt and American Debt Enders. The company that it ranked as the best of these three was National Debt Relief.

In analyzing debt consolidation loan companies, used six criteria. They were business ethics, financial standing, customer satisfaction, debt solution alternatives, customer service and fees.

National Debt Relief was ranked best for debt consolidation loans due largely to its business ethics, debt solution alternatives and customer service. For example, found that National Debt Relief is very trustworthy in the way it treats its customers. Unlike many other debt consolidation loan companies, National Debt Relief charges no upfront fees. In fact, its customers pay nothing until their debts have been settled satisfactorily and they have approved their payment plans.
National Debt Relief has an A rating with the Better Business Bureau (BBB). Not every company qualifies for membership in the BBB and of those that do many never earn an A rating. also found that National Debt Relief offered programs tailored to the needs of their individual customers instead of a one-size-fits-all solution. The company specializes in working with customers that owe more than $7,500 and has helped in excess of 100,00 individuals and families become debt free. National Debt Relief was also ranked highly for customer service because most of its first-time customers reported that they were very satisfied with the services they received from the company. In addition, all the funds sent to the company by its customers are deposited into a Federal Deposit Insurance Corporation (FDIC) insured accounts, which they control. This means that none of their money can be spent for any reason without their consent.

CuraDebt was ranked second for debt consolidation loan programs by This was due in great part to the fact that its credit counselors can provide its customers with credit negotiation, debt settlement and financial advice. These counselors have excellent working relationships with the credit card companies, which enables them to help virtually all of their customers achieve credit card debt reduction. In addition, they are trained to provide assistance with programs designed for medical debts, student loan debt consolidation, personal loans and tax debts. ranked the company American Debt Enders as the third best option for Washingtonians troubled by debt. Its credit counselors are trained to help the companys clients with debt consolidation, student loan debt consolidation, debt settlement, free bankruptcy counseling and credit restoration. The company has said that its credit counselors can also often help their customers improve their credit scores.

Washingtonians that are struggling with debt and would like to know more about these three companies should go to the site

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