The components to debt free living are not new. It's the same as dieting - everyone wants a NEW approach - a "never been seen before" way to lose weight - when the simple fact remains that the only way to lose weight is to take in fewer calories than the body uses.In order to be free of debts, you should not expend all the money that you earn but instead, pay the balance of your debt right away so that you will not be paying interest on the...more
Nowadays a big part of the Earth's population has debts towards different banks or other institutions. In most cases people prefer receiving a credit card which is definitely a nice solution if you need money for something, but usually such credit cards come with big interest rates and it is very hard to pay them on time. Many people make a mistake and become holders of several credit cards which, is in no case good, because it obligates...more
Generally public never aware of such financial terms whether its credit card, credit card debt, good and bad debt, and much more. Bad debt is defined as an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the amount owed. Usually it occurs when the debtor has declared bankruptcy or the cost of pursuing further action in an attempt to collect the debt exceeds the debt itself.In general usage bad debt is considered as a money lost by a business which is why it is regarded as an expense. When consumer looks at their bills every month, consumer may feel overwhelmed by the amount of money that they're spending on debt. Sometimes debt might appear like a trap that consumer likes to come out of the situation on their own way. But usually not all debts are bad some are considered as good debt also.We will understand this fact by differentiating good and bad debt through examples. If consumer took on debt to buy something that will increase in value and contribute to consumer's overall financial...more
Don't think you are the one to blame if you have a limited knowledge about your finances. The majority of Americans are not too savvy on finances. The reason is because basic personal finances classes are not offered on any level of education. Nor in schools, high schools, nor even in the top colleges and graduate schools.There are common...more
People should know that Debt is that which is owed usually referencing assets owed. Also in the case of assets, debt is defined as means of using future purchasing power in the present before a summation has been earned. Several companies and corporations use debt as a part of their overall corporate finance strategy. More importantly...more
Most of the time it happens that we forget or not able to keep the record of our debts. And we get to see such scenario like If you're behind in paying your bills, or a creditor's records mistakenly make it appear that you are, a debt collector may be contacting you. And there where the scenario of debt collection starts. So to avoid such embrassing situation the Federal Trade Commission (FTC), which is a consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), that prohibits debt collectors from using abusive, unfair, or deceptive practices for doing debt collection. If you read the agency's defining term of debt collection then will come to know that under the FDCPA, a debt collector is someone who regularly collects debts owed to others which is in short known as debt collection. And usually debt collection agencies lawyers used to collect debts on a regular basis, and companies that buy delinquent debts and then try to collect them.You should know or try to share the information about debt collection provided in Fair Debt Collection Practices Act (FDCPA) . You might have tons of questions related to debt collection to...more
People should be aware of different aspects of debts before dealing with it. Usually when you're sorting out how to pay back your debts, you should identify the most important ones. These are called your 'priority debts'...more
The Fair Debt Collection Practices Act (FDCPA) enforced by the Federal Trade Commission (FTC) and private attorneys, allows to check the abusive conduct by debt collectors. This was also in the wake of the number of bankruptcies...more
Gift the women of your life a dazzling white diamond and see the gleam on her face. Worth it. Isn't it? A diamond is rightly said a woman's best friend. They are the most immortal thing present on the earth. Thus they become an ideal gift...more
Having searched the on line for voice broadcasting or for automatic dialing services chances are you have come across call fires site. Yes, they spend quite a lot of money on promotion and they are priced super high in contrast to other carriers like...more
Original Art is coveted all over the world and true art lovers who want to view any original art piece up close, will not hesitate to travel across the world to visit museums and galleries. Many people who have an interest in art want to experience...more
Are you thinking of investing your savings into real estate? Well, it is not a bad idea either. However, if you are interested in making an investment in the real estate sector then foreclosure properties is a suitable option. No doubt,...more