Online Debt Management Tools to Simplify Your Life
A Credit Article Contributed by Brandie King
Online Debt Management Tools to Simplify Your Life
Ok, so you are looking for online debt management help. The following online tools will help you with setting up a plan to manage your debt.
Online Debt Management Tool: Calculators
You can use online calculators that are there for the sole purpose of helping you to figure out how long it will take you to get out of debt and to develop a plan for doing so.
http://cgi.money.cnn.com/tools/ - They have a Debt Reduction Planner and an Ideal Budget calculator.
http://moneycentral.msn.com/smartbuy/home.asp - They have the following calculators for you to use: Savings, Debt Evaluation, Debt Consolidation
Online Debt Management Tool: Credit Reports
A crucial step in being able to do your debt management online is to make sure that there are no errors or inaccuracies on your credit report. Errors and inaccuracies can cause you to be denied for credit when you need it. A lot of companies are now looking at a person's credit report to determine their reliability before deciding on whether or not to hire them, so errors and inaccuracies can also keep you from getting that job you want.
All three of the major credit bureaus have websites where you can order your credit report online. You need to order your report from all three of them. They will all be different because creditors don't have to report to all three, only one.
Experian http://www.experian.com
Equifax http://www.equifax.com
Trans Union http://www.transunion.com
Online Debt Management Tool: Disputing Errors and Inaccuracies
If you find errors and/or inaccuracies in your credit reports you need to dispute them and try to get them fixed. A lot of people do not know Experian, Equifax, and Trans Union all have sections on their websites that allow you to dispute errors and inaccuracies online. The only catch is that you usually have to order your reports from them through their websites before being able to use the online dispute forms.
Online Debt Management Tool: Find Lower Interest Rate Cards
One way to reduce the amount of overall debt you have to deal with is to transfer the balances from high interest rate cards to lower interest rate ones. The problem comes in when you try to find a lower interest rate credit card. You can visit the following websites to search for credit cards and to find one that suits you and your situation.
http://www.bankcardfinder.com/ (Has a list of Balance Transfer Cards and Low Interest Credit Cards)
http://www.credit-cards-advisor.com/
http://www.lowcards.com/
Online Debt Management Tool: Online Bill Pay
Getting your credit card bills paid on time can accomplish two goals. It will reduce the amount of debt you have by preventing late fees and over the limit fees due to the late fees. Paying on time also helps you to avoid having the cards on your credit report as late pays, which will drag your credit score down. There are two different avenues for paying your bills online: your bank's website and the websites of your creditors. Do some checking to see if they offer this feature.
