INCURRING debt is a normal thing in a place that is hit and adversely affected by global recession. To some, it is unavoidable. Indebtedness however should stop at some point.In the United States, Americans seemed more apprehensive over their growing debt, which includes car payments, mortgages, credit cards among others. They seemed unable to get themselves out of the growing debt burden, which eats up a significant part of their resources. At...more
WHILE most of us would want to get out of a debt mess, there is actually a lucrative business whose business is to buy debt. While collecting somebody elses debt is already in itself a big business, buying debt is a much lucrative scheme. There is however a need to emphasize that in this type of business, the bigger the potential, the higher the risk.Lending firms and individuals, who find it extremely difficult to collect from people of entities...more
ANNOYED with calls from debt collecting agencies? Pressured perhaps or threatened? People who have accumulated obligations that have been remiss often suffer from frequent calls to pay up. Collecting agents would always have a good reason to believe that what they are doing would help in their bid to collect unpaid dues in behalf of a client.Why not? These collecting agencies are into a very big and lucrative business especially at a time when collection is of utmost importance. In fact, these collecting agencies would even buy somebody elses debt for a bigger profit.Real annoyance starts when your debt has already been sold to a collecting agency by the person or entity from whom you owe money. These collecting agencies would do everything, from very frequent phone calls that tend to press you to immediately pay up or else, to taking your case to courts. They have every reason to make you pay up. Motivations come in on a long list of strategies, which includes harassment.Dealing with collecting agenciesCollecting agencies, also known as litigation referral companies, are pressing for payment based on federal laws in the same manner that debtors themselves are protected by the...more
In the present competitive financial market it really seems to keep your worldly personal desires of buying a car comes alive. You may have tried to fulfill those, but due to insufficient fund you failed. But dont get frustrated you will get a chance again and easy auto financing will help you to do it. This can be found with a car...more
BORROWING money for valid reasons at a time when it is most needed isnt actually a bad idea. Most of us would agree that it is the most logical thing to do, especially during emergencies. But how do we really keep ourselves away from debt mess?Spending within meansKnowing how much you have is very important. The truth is many of us have lost track...more
ACCUMULATED unpaid dues hurt, especially if acquired through credit cards. People wanting to get out of debt mess are strongly advised either to stop using credit cards or to at least see to it to pay whatever is charged to your account at the end of the month. That way, interest rates dont jack up. It also keeps you away from accumulating surcharges and penalties.Worth the tryInterests, surcharges and penalties in unpaid balances through credit cards shoot up at a drastically fast pace. Better make purchases in cash. If you run out of cash, make sure, you dont have your credit card with you. That has always been an effective way to prevent new charges into your credit card accounts.One can also try to make formal requests to credit card companies to impose lower interest rates on your account. There are some documented cases when credit card companies cave in to requests like that. It is worth giving a shot. Is there such thing as good debt?There are however those which many consider as good debt. This are those which imposes minimal interest rates and even provides assistance if only to allow you to establish equity in your home.Not all of us can actually make prompt payment...more
AMERICAN people, who are drowning in the sea of debt, have found a potential road out of indebtedness. The road however does not come in as free. Every single dime of your debt would still be paid from your hard earned money. The only good thing...more
If you're an entrepreneur and you plan on getting funding assistance for your business, one option you may consider is a term loan. In this article, we'll discuss the basic points about term loans for small businesses.Business startup financingWhat...more
Are you wondering if it is a smart idea to roll over your 401k plan into an IRA? Everyone's situation is different and there are many things to take into account but for many of the families I talk to the answer is a resounding Yes. Why? There are...more
Would you like more control of your finances? The first thing you'd need to do is to actually create a plan. And then, you need to keep your goals and purposes in mind as you invest. But that's just the beginning. Read on for two more of the six key...more
Knowingly or unknowingly, the public is trying to accumulate wealth in a financial system that is rigged against them. Hopefully, the events of last year's market crash and the ensuing bailouts have shown the public how the they are repeatedly...more
One of the most beneficial tools to a technical currency trader is to use trend lines on the price chart to create trading channels and containment patterns, because these are future price projections that can be used in a predictive manner with a...more