Are you losing sleep because of debts that have run out of control? Do you fear every time the phone rings because it might be the collector calling you again? Is your mailbox full of demand letters you could not event count anymore? Then your are living a stressful and debt-ridden life. It's time to free yourself from the bondage of debts. It is time to manage your debt the right way.Managing your debt accordingly will not only give you the...more
For most of us the path to a greater level of wealth in our lives is twofold -1. better money management skills,2. bringing in more cash, which is in fact an extension of money management.In a nutshell, its living on less than you earn, and focusing on earning more.It couldn't be more simple, we didn't say "easy" but simple - yes.Its all about what we pay attention to in our lives. The more focused and intent that you are on a particular outcome,...more
To be as blunt as possible, we all know the things that we REALLY need to do to get the things we really want in life.- getting out of debt, - making a fortune, - finding the ideal person, - getting that dream job, - setting up your own businessBut we don't do what we know, we do what we're familiar and comfortable with.Part of the problem is that we have been conditioned into believing that we can't have them.This couldn't be further from the truth. However, nothing great was ever achieved by people who stay within their comfort zone.And as always, the first step is the one that people often most fear taking.Refuse to accept living in debt, and rise up to living the life you've always dreamed of.Remember, do what you're afraid of and the money, success, partner or whatever it is that you really want will follow.So where do I start -1) write down the three things that you're scared of most,2) write down 3 ways for you to overcome each of these fears,3) do them. Write down when you're going to do them.Mark my words, when you start to do that which you're afraid of magical things will follow.By taking that first step, you will share the most common characteristic of people who go on...more
Sometimes things seem tough, you just seem to be coming up against problem after problem. The unpaid bills are stacking up, and you've got more debts than you feel you can handle.You're doing a lot of the stuff that you've read about but it still isn't working!So what should you do?There is only one option - Press on. Under, over, around or...more
When You Really Get Down To It, Getting Richer Can Be Easy!The real key to getting out of the financial hot water is twofold.1. cut the waste,2. generate more cash.And the hardest part is always getting started. Do this -Grab an A4 piece of paper and a pen, and draw a vertical line down the centre, creating two columns on your page.On the left "How...more
What is the meaning of Debt Syndication and Corporate Debt Restructuring?Debt Syndication refers to the process through which a company acquires a large loan through a number of investors or companies. Companies generally use this option when they wish to raise funds for a new business venture or to save the company from bankruptcy. Role of a BankQuite often banks end up as the prime lenders to a company. Since banks are generally averse to taking risks, they may employ debt syndication to reduce their outlay. Generally, banks advance a little money by way of loan and act as a principal in arranging a deal between the various investors. They take this loan to a group of investors and sell the remaining part of it to them, thereby reducing their risk considerably in the business venture. Since banks are wary of underwriting large loans, they use this route to reduce the initial risk.Who are the Investors Banks are not the only entities that take part in a debt raising deal. Some of the other firms that share the cost of investment include investment firms, insurance companies, credit unions, securities firms and individual investors to name a few.Process of RestructuringCorporate...more
Debt Settlement Companies - Is Debt Settlement A Reliable Industry?If a customer is more than $10k in unsecured credit card debt and is currently experiencing a monetary hardship then credit card debt settlment could be a viable choice to get rid of...more
Get Out of Your Debt NowWe all know that it is relatively easy to incur debts. It is just a matter of swiping the plastic and that is it. However, keeping track of the debt is the hard part, especially if you own more than two credit cards. In fact,...more
Getting Out Of Debt -How To Reduce Your Debt By 40-60%Incurring too much bad debts can be a harrowing experience, especially if these entails difficulty in living the normal routine of your life. Imagine having to hide from debt collectors every once...more