Debt settlement can get you out of debt more quickly than most other debt relief alternatives, but it has consequences and should be considered only as an alternative to bankruptcy. At the current time, debt negotiation services are quite popular and they are spending a lot of money on advertising. They do not go out of their way to let you know about the disadvantages associated with using their services. Follow these steps for negotiating your...more
Recently restrictions have been placed on banks that will limit the size of the institution among other things. While we have to have these institutions to make our economy complete, I feel that these organizations do have too much power. When lenders can close accounts, reduce credit limits or raise the interest rates of account holders that have held up their end of the bargain by making their payments on time, there is a problem. When a...more
So, how much debt can you bear? Some experts say to never carry over any amount on your credit card from month to month; others allow 35% of your total credit limit; still more experts argue that you can carry up to 70% over each month on your credit card, depending on the purchase. (One thing we know for sure is that credit card companies will lower your credit rating if you carry more than 75% of your credit limit on your credit cards and lines month after month.)With mortgages, it can get even more confusing. How much "rent" can you afford? 30% of your gross income? 40%, maybe? These kinds of calculations are difficult to make in part because where you live can mean big differences in housing. Cities like Vancouver, Toronto and Halifax cost a lot more than small towns when it comes to buying a home.Even renting in big cities can cost a whole lot more than small towns. People are getting pretty savvy about those kinds of costs, of course, and moving to nearby small towns, creating bedroom communities within an hour or so of major city centres. But small towns are getting smart, too, and rents are shooting up in places where you might have paid a lot less only a few years...more
Debt is a difficult thing to go through in life and our leads need help.On one end, lead generation companies consider each lead a number. They think, Oh thats just one more person we make money off of. However, let me explain the mind set you need to be in when you purchase debt leads.When buying debt leads, you need to put yourself in the...more
You have chosen to buy a pellet stove. Realize to start with that you've done something very wise. These wonderful items can heat an entire home to a nice level at a cost you won't believe. A pellet stove does not cost much to operate and it is extremely reliable. Pellet stoves are increasing in popularity because of those simple...more
Senior Almost Homeless in $900,000 Home and Can't RefinanceIn many situations, seniors might not qualify for a refinance because of their fixed incomes and may not even qualify for reverse refinance because of lack of equity. However, many times they have just enough equity to pull out of their house if they sell their home.I currently have a borrower who owns a home worth around $900,000. Two thirds of her house is maxed out with three mortgages (her payments are approximately $4,000 per month) and one note is coming due. She can't qualify for a traditional refinance because of her fixed income. If she doesn't sell and find another home, she may end up homeless at 68.I explained to her that if she sold her home for $900,000, paid off the three mortgages, she would have approximately $300,000 to put down on another home (after the realtors' commission and closing costs). With the FHA Home Equity Conversion Mortgage Reverse For Purchase (which was signed by Congress last year), she would receive a loan/contribution of approximately $350,000 which would allow her to purchase a $650,000 house with no monthly payment. Another bonus to her is she would not have to...more
Cheap diamond rings are the ones that can make a woman smile and they would be a great gift for all special events and occasions. Diamonds are beautiful and eternal and you can express love for the woman in your life with a beautiful diamond ring....more
For anyone who wants to try out some roller skates, there are a lot of varieties which are available on the internet. They can be used for all kinds of sports, like polo or just figure skating, but primarily they give fun to even the amateur. After...more
Step 1 Be RealisticIts important to not allow your financial goals to overwhelm you. Making a big purchase, whether it be for a home, a holiday, renovations, or simply birthday gift for a loved one, shouldnt be something that affects your long term...more
Over 80% of Americans have personal debt. It's getting to the point that it's not a question of if someone hasn't personal debt, but just how much. But you want to shift from the majority to the minority, and get rid of your personal...more
Do you have so much debt you can't seem to get a handle on it all? Drowning in a sea of debt? If you do, then there's no need to feel terrible or sad about it. Because of the many problems that Americans have been having getting...more
There are a few different things that you want to take into consideration when you are reading any blue ray disc review and trying to determine whether or not you want to make the upgrade here then of course one of the primary things which you want...more