Carrying too much debt can be like a monkey on your back - hard to get out from under. The fact is though, that reducing or eliminating debt is actually pretty simple and straightforward. But you need to be smart about addressing the reasons you find yourself in debt in the first place. The decisions you make now can affect your finances for years to come. Here's some common mistakes to keep in mind:Focusing on the Wrong DebtSome people...more
Incurring too much debt can hinder a person to function a normal way of life. This is because bad debts can lead to sleepless nights and anxious days caused by collectors' constant demands for you to pay up. As a respite to these demands, you end up playing the hide and seek game with your creditor. That is definitely not a customary living. However, if you are a victim of the recent economic crunch, having bad debts seems to be inevitable. If...more
Consumers are federally protected in their dealings with collection agencies who must abide by these rules or face possible fines or sanctions. If you want to take control when facing debt collection efforts, you need to know your rights related to such actions. Here's some rules to consider.Cease and Desist OrderIf you have been contacted by a collection agency, you can instruct them to submit all communication through your lawyer and for them not to contact you directly. They must comply, as long as your lawyer responds to their efforts or if they want to inform you that you are either being sued or that your debt has been canceled. Another option is to insist on dealing only with your original creditor to settle you debt instead, then reopening those negotiations.Intentions to Follow UpCollection agencies cannot threaten you with actions they do not intend to follow through on. Such threats are considered intimidating and coercive and are prohibited by law. So if you've been informed you will sued for nonpayment, they better actually do it or they face penalties. If you've been intimidated in this way, contact either the Federal Trade Commission or your state Attorney General to...more
While becoming debt-free is a noble goal, not considering other factors when paying off your debt can hinder your long term prosperity and financial stability. Not all debt is created equal and if you don't understand the difference between good debt and bad debt, you could neglect other important fiscal goals in a blind attempt to eliminate your...more
Dubai is one of the luxurious places of the world. It is declared as the gold capital of the world. Dubai is one of the seven emirates of the United Arab Emirates and has the largest population among the seven emirates. Therefore, investors all around the world are seeking to invest in Dubai. It is a land located place. People from all over the...more
The ads appear on television, in print and on the internet, and the number of debt companies, who specialize in consolidation, settlement and management, is an industry that is growing rapidly. The need by consumers for debt relief has created a burgeoning sector to meet the demand.While it seems there are debt companies everywhere, there are also warnings, and the smart consumer won't sign up with one before doing a little homework. One of the most basic things to do is to check a company's credentials. The names and symbols of various trade organizations mean a great deal in the case of debt companies. One of the most important is The Association of Settlement Companies (TASC). They constantly audit their members to ensure compliance and quality control of best practice standards. All aspects of a company from customer service to arbitration are scrutinized on a regular basis. This association is one of the industry's best watchdogs. They monitor through third party 'secret shopper' type methods.The International Association of Professional Debt Arbitrators or IAPDA, is also a important certification to look for when assessing debt companies. IAPDA trains and certifies...more
Try to pay a little more than the minimum for each of the credit cards you pay on each month. This can help you to pay these typically high interest bills off earlier than just paying the minimum on each. Following this debt advice can help you...more
Finances are important so it's wise to look at all your options with respect to debts, investments, security, taxes, and the like. Don't hesitate to check the credentials and the reputation of a company that is offering to give you advice. The wrong...more
When the person or family find that they are in over their heads, such a bankruptcy filing may be the only viable choice. The important thing to remember in this circumstance is not to be afraid. By contacting a good bankruptcy lawyer in whatever...more
Even though it may seem hopeless when having money problems, there is really no such thing as an unsolvable debt problem. Sometimes it is not easy or fast but there is always an answer and the sooner you tackle your money problems, the easier they...more
Separation or divorce from a partner or spouse is an extremely traumatic experience. But if debts are involved the process of how these are dealt with needs to be understood.As a general rule, a person cannot become liable for debts taken out by...more
Finance does matter a lot in every segment of the economy. Whether it is an individual or group or financial institution or bank finance plays a pivotal role in it by any means. In fact, personal finance is the application of monetary decisions of an...more