Ambac Converts Debt to Equity Ambac (ABK) recently announced to exchange $8.5 million in debt for 5,036,068 shares of Ambac's common stock. The common stock will be issued to bondholders of 9?% debentures due in August 2011.At first-quarter 2010 end, the company had 288.2 million outstanding common shares. The company will have 293.4 million common shares outstanding, following the stock issuance. The exchange contract further reinforces...more
Consolidating Debt - How To Get Debt Reduction Through Consolidation To get the lowest interest rate on a debt consolidation loan, you need to research terms and rates. Lenders realize to remain competitive, they must offer low rates. A difference as little as a quarter percent can save you hundreds a year. The type of loan you choose can also have significant financial repercussions.Picking Your Debt Consolidation LoanYou have two options...more
Debt Settlement Relief - How to Payoff Your Debts with Debt Settlement If you are behind on paying your debt, beside debt consolidation, there is another method to settle your debts with your creditors; this process is called Debt Settlement. Debt settlement or also know as debt negotiation, is a process of contacting your creditors and negotiating a lump sum to payoff you debts. Sometimes the negotiation is initiated by your creditors; they may send you a letter offering you with a settlement amount, most of time is less than 50% of you balance if you make the payment in full within 10 to 20 days. Debt settlement can be the most economical option for you to get rid of your debt. But there are some drawbacks. This article will review the negotiate terms to payoff your debt using the debt settlement method and alert your on the debt settlement drawbacks. How Negotiate Terms to Payoff Your Debt You can do this yourself (DIY), but if you think you are no confidence in getting it done, you can also hire a professional debt negotiator (also know as arbitrator) to do it for you. Debt settlement with amount 50% or less than your balance is a common practice in the market as the...more
Check Out These Amazing Secrets to Becoming Debt Free Fast There are many persons who feel that becoming debt free is not possible unless you are ready to wait for many years. If you have debts that are many times your annual income, it is obvious that you will have to spend many years repaying your debts. However, you cannot stop living and...more
How to Relieve Debt Stress Through an Unsecured Debt Settlement If there is one thing that you should watch out for when managing your finances, it is stress caused by excessive debts. If you make the mistake of falling victim of the stress, you will end up taking the silliest decisions with the strongest conviction.How does an unsecured...more
Being Debt Free is Effortless and Effective When You Follow These Easy Steps You can overcome your debt problems even if you have misused your credit cards in the past. That is right. Reducing your debts down to zero is not as difficult as you fear. You just should know the right steps to take and right solutions to use.If you make the mistake of repaying each and every credit card, on ad hoc or piecemeal basis, you will never overcome your financial problems. Instead, you should plan your approach and you should focus on the following steps to become debt free.Firstly, assist your finances to find out where you stand and what steps you need to take. If there is a huge gap between your income and expenses, it is obvious that you will either have to cut down your expenses or increase your income.You might even have to quit your unproductive job and go in for a better paying job. All these decisions can be taken only if you know where you stand and what steps you want to take.Secondly, you should classify your expenses as unnecessary and essential expenses. If you are facing the problem of excessive credit card debt, it goes without saying that you should not incur luxury...more
Why Debt Settlement is More Realistic Than Grants Government grants are not that easy because they are not being offered directly to individual consumers. The United States government is offering monetary help to financial firms and not to...more
The Debt Settlement Procedure - When is Debt Settlement a Wise Idea? Debt settlement procedures are basically designed for those individuals who are suffering from the burden of unsecured debts. Many individuals do not get the idea when they...more
Relief Tactics For Consumers With Over $10k in Unsecured Debt The financial liability figure $10K plays an important role in the debt relief tactics, where it is calculated that consumers who have financial dues more than $10,000 need a...more
How a Debt Settlement Program Works - Debt Settlement 101 Debt settlement is a legal approach towards reduction of debt, where the creditors agree with the debtor to reduce their debt amount by a certain percentage. Once this amount is paid in...more
How To Really Get Out Of Debt Without Spending Money Do you need an expensive credit counseling service to get out of debt? Maybe not. Find out here and explore other ways to rid yourself of debt without spending a lot of money. If you decide...more
How To Get Out Of Debt And Stay Out Of Debt In order to stay out of debt, you'll need a contingency plan. Include: - An emergency fund – which you try to never, ever spend (only in case of severe emergencies). - A "for sure" savings – for...more