Tag Archives: Brain Linnekens

Top Advantages of Debt Consolidation – Why you should consider it

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Are you looking for the best solution to avoid your increasing debts? Debt consolidation is the best solution for you that will help you to pay off all your pending debts in one go. Debt Consolidation provides you the best solution of combining multiple outstanding loans into a single payment with a lower interest rate. If people qualify for debt consolidation then there are several advantages of debt consolidation that can be availed to pay off your debt. One of the best bankruptcy and debt relief lawyer Brian Linnekens shares top advantages of debt consolidation.

Low Interest rates –

Debt consolidation programs can help you to save you a lot of money. Many people have several credit cards, credit accounts and they have pay a big amount of interest rate compared to other interest rates in the market. After using debt consolidation you will be able to get low interest rates and lower fees and you need not pay extra money on every credit card and loan you have used. Debt consolidation will help you to pay off all your pending debts in the form of monthly payments, which will help you to save you a lot of money.

Single monthly payment –

When you are using debt consolidation, you don’t have to worry about paying off your multiple payments to individual creditors at different rates of interest. Because debt consolidation program helps you to make a single monthly payment towards your bills and debts. The Debt Consolidation Company will distribute your money to all your creditors. Also your monthly payment will be much smaller because you have a longer time to pay off your loan.

Improve your credit score –

This is the biggest benefit of debt consolidation plan because your late payments, defaults, skip payments have a negative impact on your credit score. By using debt consolidation loan program you pay your debts properly and when you pay all your accounts properly then it will help you to rebuild your credit again.

Reduce your Stress –

Debts are the biggest and common reason of increasing stress. But after using debt consolidation plan you don’t have to worry about your debt, because debt consolidation will help you to stop worrying about your debt. The debt consolidation will help you pay off your debt timely and properly with your monthly payments. Good thing of debt consolidation is it will help you to decrease your debt stress.

Stop Creditors calls and massages –

When you are not paying your bills and loans timely at that time your creditor’s calls and messages can hurt your peace of mind. After getting a debt consolidation loan program you don’t have to worry about creditor’s calls and messages any more. Debt consolidation will help you to pay off your all outstanding balances and stop creditor’s calls and messages.

No worries about late and penalty fees –

When you are getting loans and credit cards, there are lots of things you need to remember. First pay bills and installments timely, if you are not paying timely you have to worry about late charges, penalty, and accrued interest since it piles up with time. But when you are in a debt consolidation program, you need not worry about these late fees and penalty fees. You have to make a single monthly payment only.

Six ways to improve your credit score real quick

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If you find that your credit card and loans are not getting approved then you need to make sure that you improve your credit score if the reason for rejection is a low credit score. Credit score is the first thing that is checked when a financial institution approves a loan for a new car, land, new home or even a personal loan. In case you want to improve your credit score, it is not going to happen overnight. Improving the credit score is a long process which involves a lot of smart work from your end. Experienced Bankruptcy and Debt Relief Lawyer Mr. Brian Linnekens share some important tips which will help you to improve your credit score quickly and start afresh in terms of your credit health.

Study your dispute errors–

When you start working to improve your credit score, your first step is to study your dispute credit errors. You need to ask for a copy of your credit report from credit bureaus, be sure to look it over for errors. After knowing your credit errors you need to clear them. Seek help from professionals who will work with you on your dispute and help you correct the errors on your credit report.

Credit score generally look like this:

Excellent Credit Score – 750+
Good Credit Score – 700-749
Fair Credit Score – 650-699
Poor Credit Score – 600-649
Bad Credit Score – below 600

Don’t close your old credit accounts –

It is important to know, don’t close your old credit accounts even if you don’t use them anymore. If you already have credit cards, it will help you to improve your credit score. Try to pay your debts so that your score can be improved.

Get a new credit card –

If you want an improvement in your credit score try and get a new credit card. After getting a new card, if you are planning for a major purchase with your card go for it however make sure that you pay your bills on time. If you pay your bills and loan timely it will help you to increase your credit score.

Don’t make old mistakes and pay bills on time –

Do not make the same mistakes when you start new. Try not to be days past due the due date of clearing your credit card, loan or mortgage installment. Your small mistakes can damage your credit and hurt your credit score. So it is important to pay your loans and bills timely.

Contact an experienced Debt Relief Lawyer –

If you’re trying everything to improve your credit score but you still are not able to improve and you don’t know the way to improve your credit score then you need to consider consulting an experienced debt relief lawyer. A debt relief lawyer will provide you the best advice which is will help you improve your credit score.

Make a plan to improve your credit score –

Planning to do anything is pertinent. You need to plan to improve your credit score. To improve your credit score make a plan, ideally after consulting your debt relief attorney. Your pan needs to involve paying your debts and not closing your unused credit cards because this is a quick fix strategy to improve your credit score.

Six things not to do when filing for Bankruptcy

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Bankruptcy is a tough time for the person undergoing bankruptcy. When you are filing a bankruptcy case, it will help you eliminate debts and start fresh. Filing bankruptcy is not easy and should not be taken lightly. Before proceeding you need to know everything about bankruptcy. You need to be aware of what you need to do and what you should not to do when you are applying for bankruptcy. An experienced bankruptcy lawyer like Brian Linnekens shares six things you need not do when you are filing for bankruptcy. Always avoid mistakes which might create problems in your bankruptcy.

Don’t abuse your creditors

When you are filing for bankruptcy and creditors are calling you in spite of you having filed for bankruptcy do not message back on your creditors message in anger or frustration. It is important not to say anything wrong and not to be abusive with your creditors. These types of mistakes might create problem for you in your bankruptcy case. Don’t try to communicate directly with your creditors, always ask your bankruptcy lawyer to give you the best advice; advice that is always perfect for your situation.

Avoid moving assets

It is important when filing bankruptcy to avoid moving assets, transferring, selling or even hiding them. Don’t try to move assets because if the court knows you are trying to it will amount to a fraud, your case may be dismissed altogether. You need to talk to your attorney about your assets that you might be considering to transfer. The bankruptcy attorney will help protect your assets.

Don’t giving any false information

This is really most important thing, don’t give any wrong information about your property and assets when filing necessary paperwork. Always share correct information with your lawyer so that he/she can fight for you. If you don’t complete all information correctly and honestly there are chances that the bankruptcy court might dismiss your case.

Don’t make any large purchase

Don’t purchase anything new with your credit cards. When you know you can’t pay your credit and loan. Avoid this type of mistake because it can create more problems. In general bankruptcy rules if you are purchasing luxury items during the 70 to 90 days before filing bankruptcy then it is considered as fraud. Only use credit card to purchase items which are considered as necessities.

Avoid failing to file income taxes

When you are filing a bankruptcy, remember your taxes should be up to date. If you want your bankruptcy to go fine remember that filing taxes is pertinent. Before filing bankruptcy you need to check your income tax returns. It should be filed properly because without your returns and completing paperwork it will be next-to-impossible to consider your bankruptcy application for the court and this might stop your bankruptcy in its tracks.

Don’t hire an inexperienced bankruptcy lawyer

This is the biggest mistake many people make. Sometimes people just to save money tend to hire a lawyer with low fee However one should understand that every lawyer with a low fee might not be able to present you case properly to the bankruptcy court. When you are hiring a lawyer for your bankruptcy case, the lawyer should be local, experienced, professional, honest and well reputed. If you are hiring an experienced bankruptcy lawyer, there are more and more chance to get a good deal.

How to Stop Creditor Harassment after Bankruptcy

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When you file bankruptcy, creditors have to automatically stop phone calls, emails, and letters. This is the best and strongest way to end creditor harassment. Creditors cannot contact you to collect debts after you’ve filed for bankruptcy. Creditor harassment is really stressful. If you are suffering from creditor harassment even after filing for bankruptcy then you need to hire an experienced bankruptcy lawyer. An experienced bankruptcy lawyer will help you, work to stop the creditor harassment and also will discuss all legal rights that you are entitled to.
Experienced bankruptcy lawyer Mr. Brian Linnekens shares a few top tips to stop creditor harassment after filing for bankruptcy –

Explain the creditors you have filed bankruptcy

After filing bankruptcy if any creditor calls, you can tell the creditor that you have filed for bankruptcy. If the creditors know that you filed for bankruptcy, they will stop calling you but few may not. After filing for bankruptcy continued collection activity by creditors is illegal.

Take note after every creditor calls

It is important for all creditors to stop calling, mailing and messaging you after filed bankruptcy. Thus it is in your favor to keep record of every call you receive from the creditors. You can write down their number and what they have to say. This is great evidence for your bankruptcy lawyer to use in court if necessary.

Hire an experienced bankruptcy lawyer

Creditor harassment is a common issue during and after bankruptcy. You do not deserve harassment after filing for bankruptcy. If you are suffering from creditors interfering and harassment, it is most important that you need to hire an experienced and reputed bankruptcy lawyer. An experienced bankruptcy lawyer will help you to stop contacting you.

Drag the creditors into court

If you think creditors calling and harassment has not stopped when you file bankruptcy you can fight against your creditors in the court. You have every right to file a case against your creditors for harassment and emotional suffering they’ve caused. You have the right to protect yourself and the bankruptcy court may punish the creditor for contempt.

Stand up for your legal rights

If your creditors are harassing you and you are suffering from creditors because they will not stop making the phone calls, emails, and letters and you need legal help in stopping creditor harassment, do not wait. You just need to talk to your bankruptcy lawyer. An experienced bankruptcy lawyer will protect your rights and offer guidance on what your next steps should be. Apart from that a lawyer will stop creditor’s harassments and take more aggressive steps.

Financial advice from Brian Linnekens to help you accumulate wealth and remain debt free

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Successful financial planning is not just investing, it is the key to a tension free and prosperous life. Having good financial plans and investing decisions link you to your goals and help you accumulate wealth and remain debt free throughout your life. Brian Linnekens has spent the last 10 years advising some of the most successful and wealthy families in the US. Based on his understanding and experience over the last 10 years, Mr. Linnekens shares his professional advice that has worked for his clients. His advice will help you manage and grow your money. Learn how to build, nurture and preserve money.

Brian Linnekens warns not be mastered by your wants

Brian Linnekens advice on wants

Steer away from Wants

The first and most important financial advice Brian Linnekens gives to accumulate wealth and remain debt free is “not to be mastered by your wants”. To be successful and live a prosperous life first, you need to learn the art of delaying gratification. Delaying your gratification will help you to keep your finances in order. Don’t be in rush to obtain all of your wants. If you have your sight on a thing that you can’t afford to buy, delay until you have sufficient money to buy it. Don’t effortlessly purchase an item on your credit card the minute you want it. Postpone the urge to buy for the time being and wait until you’ve actually saved up the money to afford that item.

Make a good use of your credit cards advices Brian Linnekens

If you want to enjoy the convenience factor or rewards of your credit cards, do not make a habit of putting all your purchase on credit cards. Use your credit cards responsibly and sparingly. Make sure all your expenses are not on your credit card. Limit the use of your credit card and a have a plan to pay the balance ASAP. Make sure you are not spending what you can’t pay back at the end of the month and try to pay your balance in full when the bill arrives. Don’t carry more cards that you can’t keep track of.

Make a budget for your all expenses

Budgets play a critical role in helping remaining debt free and keeping most of your hard-earned cash. Effective budgeting ensures that your expenses are not exceeding your income. Track your money flow. Track your expenses for a month using your smartphone, app or paper and pen and be sure to record every single purchase, no matter how small. Once you are acquainted with your expenses and your money flow, you will realize keeping track of money flow has a big impact on your financial situation. An effective budgeting will help you to make the best decision about how to allocate money.

Practice Target savings for comfortable retirement and emergencies

Practice target savings are very critical for your retirement as well as emergencies. Your savings can save you in your tough financial conditions. Set a maximum target for your savings that you could save in a particular period of time. If you keep saving over a long period of time your savings will grow steadily and be there for you when you need it. If you have savings you don’t have to face bad financial conditions and you will always remain debt free. To save a lot of money over time try to keep your recurring monthly expenses as low as possible. Try not to waste your money, make a prudent use of your money by doing budgeting.

Develop your financial plan with good investments

Investing your money is a very important part of a good financial plan that can be utilized in times of emergencies and retirement. It helps to make sure that all of your hard – earned dollars don’t vanish. The first step in developing your financial plan is to meet a financial advisor who gives you unbiased advice on investment. You will need to protect your wealth by hiring a good financial advisor like Brian Linnekens who can guide you choosing the right types of investments that fit your needs, personality, and goals.

Brian Linnekens advises on drafting a debt collection letter

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Sending out a letter to one of your debtors can be quite a task as you need to get your message across without showing any disrespect and providing all relevant information that is necessary for the debtor. Your letter needs to be composed in a polite yet authoritative manner where the debtor gets all the information clearly and you are able to create an urge for the debtor to make his or her payment on time advises Brian Linnekens who has been working within the Debt industry for the past few years.

Brian Linnekens has not only been working with debtors but also has been advising creditors about a variety of topics. Apart from that, Brian also maintains personal blogs where he provides advice to creditors and debtors regarding the various aspects of Debt management. Debt management can be quite tricky for organizations especially while collecting back the money that has been loaned out.

Letters to debtors are a usual activity in any organization that is involved in the debt collection but the letters need to be professional while sending out a clear message to the debtor about the intentions of the agency. One needs to start the letter politely with an airy greeting that tells the customer that the company really appreciates the association of the customer with their organization and is thankful for their cooperation in the past. This will put the customer at ease before he or she runs into the details of the debt.

Next you need to put in the debt details on the letter in big and bold fonts so that a client with poor eyesight does not have a problem in reading the details of the debt. The current installment needs to be mentioned along with the principal outstanding amount, the interest accrued and any extra charges that are there on the client’s account. This will create transparency and confidence among your clients that will go a long way in fostering a comfortable relationship with your client.

If the client has missed out on any payments mention it clearly on the letter and tell the customer how many times you have sent reminders to the customers that have been ignored. Don’t forget to mention the due dates of the payments that have been missed and the dates of the letters that have been sent as a reminder to the customer.

Do not flaunt your connections or power in the letter to scare the customer as it will have a negative impact on the client. Instead you can inform the client that you are transferring his or her debt to a collection agency that specializes in collecting debt from erring clients. You need to offer solutions to the client instead of scaring or instigating him. You can also break up the amount owed into smaller payments that the client is comfortable with for that specify the time and amount that needs to be paid at specific dates. Allow a grace period for the client to make the payment communication for which should be there on the letter.