Blog Posts - Balance Liquidation Program



Hello...Bank of America. Can You Hear Me?

As suggested by our loan modification negotiator I contacted Bank of America's business card department to attempt to get a settlement on our charged off credit cards, which was not very successful.The bank was more than happy to settle on these card...
by Financial Elite on Feb 19, 2011

Never Give Up Trying to Get a Loan Modification

As suggested, I contacted Bank of America's credit card department, which is the same bank that holds our mortgage to see if we could reach a settlement on our business credit cards. They took down all our financial information to see what we could w...
by Financial Elite on Feb 17, 2011

Looking Forward to Less Debt 2011

Sorry it's been awhile, nut here's a quick post to say hello to 2011. Last year was a fantastic year with us paying off over $20,000 in debt. More details with exact figures coming soon.The balance liquidation programs and loan modifications, we...
by Financial Elite on Jan 5, 2011

Bad at Blogging...But Great at Paying Off Debt

Day 325 of my Financial Freedom CountdownMy blog posts have fallen tremendously. Going from posting virtually everyday to posting once a week on Sunday's. I don't intend for this to continue this way forever and as things balance out a little a will...
by Financial Elite on Nov 22, 2010

I am Paying Off My Debt and so is the Rest of America

Day 311 of my Financial Freedom CountdownI have paid off over $20,000 of credit card debt this year and I am not the only one reducing my debt. Americans have paid off nearly $1 trillion in debt over the past 2 years. Total consumer debt was $11.6 tr...
by Financial Elite on Nov 9, 2010

The Lord Giveth and the Creditor Taketh Away

Day 302 of my Financial Freedom Countdown I have been feeling really good about paying off our debt lately. We have been very fortunate to see an increase of business and more business means more money to pay towards debt. However, this feeling of a...
by Financial Elite on Oct 28, 2010

Financial Re-Cap of Last Weeks: The Good, The Bad, and The Ugly

Here's a quick re-cap Clint Eastwood style of last weeks challenges with debt.The Good: My wife and I have begun looking into reducing our utility bills as much as possible. So my wife had called our cable provider and was able to get our bill reduce...
by Financial Elite on Apr 20, 2010

Coupons Galore to Save Money

One of my good friends has unfortunately been forced to file bankruptcy. It's not like being on a Balance Liquidation Program would help and he wasn't having a problem paying debt like his credit cards or car payment, but he did have a short sale a c...
by Financial Elite on Apr 19, 2010

I Have Paid Off $10,991.62 in Debt So Far in 2010

Here's my first status update for my five year debt reduction plan. It is amazing what you can accomplish when you sit down and start working things out.So far to date I am $10,991.62 lighter in debt. It is such a rush to see these balances finally s...
by Financial Elite on Apr 14, 2010

How Do You Get Creditors to Re-age Your Account?

What does does it mean to re-age your credit card account? In all of my years in banking I have never heard of the term re-aging.The fact that I have never heard of the term maybe because in my long credit history I had never ever been late on a paym...
by Financial Elite on Apr 11, 2010

Chase's Balance Liquidation Program Remains the Best...Bank of America's May Have Hit a Snag

I am so mad at Bank of America I could scream! To my surprise when I came home tonight I found I received a letter telling me "Act now-before we'll have to write off your account as a bad debt."Bank of America has offered me to settle on one of my cr...
by Financial Elite on Apr 10, 2010

Good News From Chase Regarding My Balance Liquidation Program

I am so excited. I just received a letter from Chase regarding the first credit card I put on their BLP (Balance Liquidation Program).Here's what the letter had to say:We have good news for you! Your recent payments have qualified your credit card ac...
by Financial Elite on Apr 10, 2010

Is Your Financial Crisis Nearing the End?

Your credit score has been decimated, you may have lost your job or taken a reduction in pay, your 401K fell like a rock, you may have even lost your home or are facing a foreclosure. After all this, do feel like the financial crisis is behind you?Re...
by Financial Elite on Apr 8, 2010

Emergency Fund Depleted and Cutting Into the Budget

Well the $400 start to my emergency fund has been depleted. I bought three new tires for my car and went over budget by $109.I originally had planned to buy two new tires for my car. The front two were the worse and actually were pretty bad, but the...
by Financial Elite on Apr 7, 2010

Ever Feel Like You Just Can't Get Ahead?

I have really been feeling like things have been coming together financially lately. Especially since I set my credit cards up on balance liquidation programs with Chase and Bank of America.As most of you know I have endless praise for what Chase off...
by Financial Elite on Apr 6, 2010

There Goes the Emergency Fund

I have just finished setting up my remaining account with Chase on their Balance Liquidation Program this week and the results have been astounding.It is great to finally be seeing my balances come down on my credit cards. I had also begun to put asi...
by Financial Elite on Apr 4, 2010

What is the Number to Get Started on Chase's BLP Plan

Fellow Chase account holders have been asking for the number to start Chase's Balance Liquidation Program. The number I had called was 1-800-472-0497.If you are having trouble making payments on your Chase credit cards I highly recommend calling them...
by Financial Elite on Apr 3, 2010

Late Payments Killed the Credit Score Star

This year is off to a great start now that my path to financial freedom is in full swing. Now that I have established the majority of my credit card accounts on a balance reduction program my debt is really getting knocked down.This first quarter wil...
by Financial Elite on Apr 1, 2010

Kudos To Wells Fargo Financial

I talk up a storm with giving kudos to Chase and their Balance Liquidation Program and helping my financial situation and my six figures of debt. They have reduced my balances by removing thousands in interest and fees. Way to go Chase and thanks so...
by Financial Elite on Mar 30, 2010

Chase's BLP (Balance Liquidation Program) is Still the Best

Well, it is finally done. I added my last credit card to Chase's Balance Liquidation Program. Just like before, Chase's BLP is still the best.I have been kind of putting it off for a while as I continued to tweak my budget. I don't want to start thes...
by Financial Elite on Mar 30, 2010


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