A lot more people are becoming interested in debt settlement as an alternative to bankruptcy. That's because a new bankruptcy law was enacted on October 17, 2005, which means a rude awakening for many consumers seeking a fresh start in bankruptcy court.It used to be that 7 out of 10 people filing personal bankruptcy were granted Chapter 7 status, where the unsecured debts are totally wiped away. That has changed under the new rules. If your...more
The amount of Americans in debt is astronomical and amplifying all the time. The average family debt is $15,700 in credit cards alone. This does not include mortgages, auto loans, or student loans, etc. The average 60 day delinquency rate is 4.27% and the average default rate is 13.01%. These are staggering numbers, indeed. It is no wonder so many Americans are cautious about debt and how to get out of it.Numerous individuals want the quickest...more
The number of complaints regarding debt collectors is increasing. From 13,950 reported to the Federal Trade Commission in 2000, the amount has expanded to more than 66,000 in 2005. And these are just the ones reported--the greater number of complaints go unreported. But this is not the worst; a substantial number of complaints are coming from customers who do not even owe the debt.So what's happening here? It's apparent that debt collection agencies are becoming increasingly competitive and that they're becoming much more aggressive in an effort to improve their bottom line. And to do this, they have to put much more pressure on the person who owes the debt-the consumer, you.But when handling debt collectors under the FDCPA, don't commit the following mistakes:1. Not knowing your rights. You have to keep in mind that you have rights even if you haven't paid what you owe for no matter what reason.2. Not saving records. To be able to apply your rights, you'll have to keep several records. This will imply a phone log (the number of calls and when can both be violations of the FDCPA); notes from the phone calls (what they are saying to you may not be abusive, harassing or a...more
If you are looking for a new way to relax each day after work, you might enjoy a Jacuzzi in your backyard. People all over the country are purchasing hot tubs in order to give their home a flashier look and relax every once and awhile. Before you start to buy, look over the main types of tubs that may work well for your home!If you do not have a...more
Dealing with debts can be difficult, especially when (like most people) you've got a whole host of other expenses to cover each month. So, if you are wanting to clear your debts - what could you do? Here, we take a look at how you could start clearing your debts in two steps. Create a budget The first thing you could do is create a...more
Many individuals are carrying multiple debts which result to multiple payments a month. This also means that they are handling several interests coming from different debt. Piling up the interests, these individuals really are paying a lot higher making debt reduction far more impossible. That is why many can really no longer afford to pay with such big interests when put together. A lot are getting depressed while a few really have given up the fight.Depression or distress can be avoided if only you try to think positive and try to open your mind with more possibilities in clearing up your debt. The truth is there are a lot of possible ways where you could lessen your debt problems which resulted from having multiple debts. One possible way can even reduce your multiple debts into one and minimizes your debt interests.Debt consolidation has been proven to be effective at managing multiple debts. Also known as interest rate arbitration, this process consolidates all your debts into one. Instead of having multiple bills in a month, you will have one bill that is relatively lower in interest. With debt consolidation, you will be paying lesser amount each month.There are other ways...more
Today it is becoming more and more common for people to find themselves in financial trouble, with an ever-increasing amount of debt. There are many reasons for this, and it does not always mean the individual was irresponsible. Debt can be caused by...more
In December of 2007 the Department of Defense (DoD) issued its revised Standard Practice Identification System for Marking of US Military Property commonly referred to as mil std 130, applicable to all suppliers of items to the DoD. It had been...more
The thought of having a portable audio player goes back many years ago, when the option then would be a pretty big cassette-tape-playing two-speaker sound system. Ultimately these devices became more compact and back in the late seventies a hand size...more
Can you relate to the following statement a client once shared with us: 'Getting working capital financing for my orders and contracts actually is harder than getting the order itself? '.Your firm has the order and contract, now you just need to...more
So, you no longer check your mail for fear of another past due notice. You no longer answer the phone because odds are it will just be another bill collector. You can't even make the minimum payments on your cards, and they won't...more
The motto is usually "Buy your corporate gifts at Lemondo - The professional gift." A second hand shop, the purchase of gifts. In this article we will look at how important procurement side, in order to operate a business, a gift...more