IFIP News

You might find yourself choosing exactly what bills you can, and which of your bills you cannot afford to pay. The question is, how can you, without dramatically upgrading your employment status, pay each of your bills in a timely manner, while still having some funds at the end of this process to live on? The answer is: of course you can. The way that you can do this is by consolidating your past and current debt into a single larger monthly payment, thus relieving yourself of the continual perplexity of not knowing which debt to pay-off first. Alright, but who will help me do this? A Non-Profit Credit Counseling or Debt Consolidation firm. All in all, a said debt consolidation firm may help you by negotiating with those nasty little creditors so as to assist you in consolidating your bills into a single new loan with their firm. In many cases, they will make an agreement with each particular creditor in writing, showing you what specifically will be shown on your particular credit report as a result overall. On the whole, the ability to show creditors that you can indeed manage your debt DOES improve your Credit Score, but not necessarily all at once, as it usually takes some amount of time to see an increase in your credit score. Broadly speaking, you might actually notice your FICO score rise by some 10-15 points per month, depending on how aggressively you take on your debt; how consistent you are in making your monthly payments. Seeking Free credit counseling is indeed the first step towards a stress-free future of YOUR OWN Money Management!
Although it can take up to six months or more for a FICO Score to rise, consolidated debt help can have a more immediate impact by replacing “old dates” (those which show a payment so long ago) with “new dates” (currently paying on).

The General Electric Company has reported a decline in their Second Quarter earnings and continues to struggle in the present economy according to experts.
They reported earnings of 26 cents per share, which is down from the same quarter last year from 54 cent per share. They also had a net income fall of 47 percent to $2.9 billion, which is down from $5.4 billion in the second quarter of 2008. According to Richard Tortoriello an analyst for Standard & Poors this is a significant decline for General Electric with their diversified product lines that include gas turbines, power plants and aircraft engines. Tortoriello also stated that while it was a significant decline it was not unexpected in the climate of this economy. It almost seems like they could use some debt help, credit counseling or perhaps some kind of debt consolidation.
The chief executive of General Electric Jeffrey R. Immelt stated that his team was focused on cutting costs while improving operations and believed with their plan General Electric will profit during the next quarter.