The inevitable interest rate hikes are just around the corner, which means we will be paying more for pretty much everything. Now is a good time to set your sights on making the effort to get out of debt. Here are a few suggestions on how to do this before it costs you more.The first thing to do is make a list of every single debt that you owe then rank them in order of highest interest rate. The high rate debt, not the highest balance, should be...more
Civil Rights in AtlantaMany historic events associated with the American Civil Right Movement happened right in the heart of Atlanta and the city is still very active in preserving the memory of what went on and is still going on today. Atlanta is home to several churches that were the religious home to many of the movement's leaders and activists; in the 1960s, Martin Luther King Jr. and Martin Luther King Sr. served as co-pastors at...more
Debt settlement has become a popular approach to resolving problem debts without having to file bankruptcy. With this approach, creditors agree to accept a portion of what you owe (usually around 50% or less) to settle the account, and the remaining balance is forgiven. This technique will certainly continue to grow in popularity now that the new bankruptcy law makes it tougher to fully discharge debts in a Chapter 7 bankruptcy.As with anything, there is no free lunch, and creditors are required to report canceled debts to the IRS on Form 1099 (when the canceled balance is $600 or greater). Therefore, the possibility exists that you may owe taxes on the forgiven portion of the debt. For this reason, many financial writers and debt counselors are strongly critical of debt settlement, to the point where they actually recommend against it just because you might end up owing taxes. But the tax consequences of settling your debts are greatly over-emphasized and this is really just a minor issue at best.First, even if you end up owing taxes on the canceled balances, that's because you saved a bunch of money off your original debts. The total of what you paid the creditor, plus the...more
Being in collections actually works to your advantage because they've bought your debts for far less than your original balance enabling them to accept a smaller amount while still making money. I have never once seen or heard of a credit card where the balance could not be reduced through a settlement. Typically you can include any unsecured...more
Tired of the job you do? Tired of continuing the same schedule again and again for years? Tired of the same dull routine that you feel you have been trapped in and never can escape? The things around us are hyper fast. We often keep in pace with it, but at times feel bored and stressed at the very sight of anything and everything. Though we are...more
Can you imagine how your family would benefit if you didn't have to worry about debt? If you need credit card debt help to provide for your family, or protection from foreclosure so you can keep your home, bankruptcy may be able to give you a fresh start. If you want to file bankruptcy, always look for the best possible bankruptcy attorney to handle your case. While it is possible to file for yourself, the chances of you omitting important exemptions or failing to do the proper paperwork makes your risk significantly higher that your bankruptcy case fails to go through. It's always the best idea to have a lot of information already before you talk to a bankruptcy lawyer!The Secret to Getting Out of Debt By: James Brown About the Author James Brown is a personal bankruptcy attorney in St. Louis, Missouri. He has filed over 30,000 bankruptcy cases and published many books and articles. You can find out the latest developments on personal bankruptcy law at his blog http://www.stlouisbankruptcyblog.com or his website http://www.castlelaw.net for the best tips on how to prepare for your bankruptcy and find a great bankruptcy attorney. (ArticlesBase SC...more
It is not uncommon for lawyers to have a standard fee for helping you with a bankruptcy, and an hourly rate if extra work is involved in resolving issues. Bankruptcy is a pretty straight forward issue, but certain particulars can make bankruptcy...more
The creditors or loan givers accept the settlement deal because they can recover some part of their lost money. If you declare bankrupt before settling the matter with the creditor, then you cannot get any type offinancial help in future and also the...more
General, most users choose a time when more is to look at the purchase price, with little attention to the overall cost of ownership after purchase, in fact, this is not a comprehensive procurement methods. Affect the overall cost of ownership...more
If you are finding it really hard to repay your multiple bills/debts, then bill consolidation may be a feasible option for you. You can combine all your existing bills (such as, your medical bills, utility bills, store card bills, credit card...more
The Federal Debt Collections Practices Act (FDCPA) is a federal law that protects the consumer's rights and ensures fair debt collection. An FDCPA attorney can help you in settling your debt. Debt collectors can harass you if you are not aware...more
Debts Remaining After Chapter 7 By: Jason Fadien About the Author For experienced, knowledgeable and trustworthy bankruptcy assistance, contact the attorneys from www.legalhelpers.com. Call toll-free 800-260-1402 today for your...more