They say that up to 95% of Americans are not ready for retirement at age 65. That is, they don't have enough investments to live on, enough income to live according to their accustomed manner. It's no surprise to you that we're in an economic turmoil right now. We're certainly in a recession, and what some people are calling a depression-it depends where you are on that. But the theory is that if a person's lost their job, they're struggling,...more
Experienced home buying groups have been in the home-buying business throughout Southern California for decades and purchase thousands of homes per year.In a time and place where the ever-increasing threat of losing money in real-estate is prevalent, which home-buying group has remained fortunate in their ability to evaluate properties correctly, purchase at the right price? Here are some of the more important issues a bone-fide buying home buyer...more
Today when the world is facing such crisis the companies have very good leverage in settlement with the creditors. The credit card is so popular mode of payment in America and that's the reason maximum number of people are credit card defaulters not able to make payments.Due to the large scale defaults and delinquency on debt account the settlement companies are using this fear to get the best deal from the creditors. The customers are getting the best deal from the credit giving companies. Any citizen who owes more than $10,000 in can take help of settlement company and get rid the debt for ever.American citizens on an average keeps 7 credit cards. The customer who has debt for over $10,000 it will almost financially viable to select a settlement company to negotiate with the credit giving company. The settlement companies can leverage and can get deals done more efficiently than an individual consumer will do.The settlement companies can reduce the debt up to 40-60%. The top settlement companies can reduce the up to 60%. Legitimate settlement companies are in a better position to negotiate with the creditors. The settlement process helps the customer to keep the credit rating...more
The economic crisis worldwide created a new challenge for the individual as well as for the companies. Most of the citizens are in debt and struggling hard to pay back the debt. Credit card companies are facing unprecedented loss due to non payment of the debts by the customers. After the active intervention of the Federal government and stimulus...more
In current financial crisis where the stock market is at all time low, people are losing jobs and income, the financial institutions are facing huge losses. Most of the citizens are in debt trap and struggling to pay the debt bills. In such difficult scenario it is essential to be particular in debt management and it can reduce the burden for the...more
People often behave in such a gullible manner that it is not surprising that credit card issuers and other lenders take undue advantage and loot them of their hard earned income. Most of us consider it our moral duty to repay all our debts in full. We also feel that we should make all interest payments in full as that is the price to pay for the loan borrowed. We forget that the lender charges administrative charges and other fees before sanctioning the loan.Further, the interest rate never seems to come down. It always seems to go up and up. This means that the profit earned by the lender at the cost of the borrower keeps on rising. In such a scenario, you should recognize the truth that you have probably paid more than the amount borrowed as interest payments to your credit card issuer.Hence, do not been a hurry to repay your credit card debt. Rather, you should take steps to eliminate the amount owed and reduce the debt before making any repayment. There are various methods to bring down the amount owed. Before we check out various methods, it is important to remember that no solution can work without the consent of your credit card issuer. Hence, you will have to present the...more
Is it possible to escape all your credit card debts without making any repayment? Sure it is possible. All you have to do is declare bankruptcy. You simply have to approach the court and admit your inability to repay your debts. The court shall take...more
Most of us are just not aware of the fact that credit card issuers are offering fantastic settlement deals. Lenders are ready to waive as much as sixty percent of the credit card debt without payment of even a single cent. This remedy has come as a...more
Most individuals react to any suggestion that may lead to a reduction in our credit score like a bull that reacts to the red flag. However, before you react in this manner, just take a minute to answer a few questions.- Do you know the exact amount...more
During the period of economic decline, countless people have landed in large liabilities which they area not able to pay. There are various reasons for this nonpayment. First of all, unemployment has caused a major reduction in the financial...more
Well, all of us have heard the phase "something is better than nothing". This phase has a very simple and realistic meaning. It means that in situation which would result in no achievement, any offer which is better should be accepted. In case of...more
At times, a loan taker is unable to pay his loan installments in the required duration. He then files an application and request for an extension in the planned duration. It is not necessary that the bank provides him this option. It varies from one...more