One of the reasons given over and over for the slow recovery from this recession is the amount of debt so many Americans are buried under. The soaring house values of just two years ago made people feel rich and the financial future looked promising. The future look so promising, in fact, that people spent well beyond their means. It is estimated that personal debt has more than doubled in the last ten years to an average $10,000 per American...more
In the current economy it is more important than ever to eliminate debt and build up a savings account of some kind. Financial experts recommend speaking to a consumer credit counseling service to help those in debt to make a plan for paying off their high interest credit card debt including the possibility of combining several credit card balances into a single monthly payment through a credit card debt consolidation program.Unfortunately, the...more
The current economic slowdown is compelling increasing number of businesses to hold on to payables as long as possible. Companies are delaying making payments to preserve funds for their own business operations. Studies have shown that payments delayed for long periods often go uncollected. Consequently, companies awaiting payments are becoming more vigilant in collecting payments from customers. If you have piled up bad debt on your books, you have three options.1. Assign bill collection to in-house Accounts ReceivablesIf a payment is being delayed, the in-house Accounts Receivable (AR) department is assigned the job of collecting dues from the customer. It is in the interest of both customers and your business to share a good relationship. Customers want products and services from trusted companies and companies want continued sales to customers.The AR personnel work out a payment plan with customers who are unable to pay on time for any reason. The AR personnel can take informed decisions on these accounts, as they know the customer and understand the business need. They also have the authority to withhold pending orders of these customers, to refuse new orders, and to warn them...more
It is a sad situation for many of us in the U.S. today. Many have found their hours cut back at work or even learn that their job (and paycheck) is no longer there for them as they've been laid off. Jobs are becoming scarcer and the unemployment lines just keep getting longer. Now there is hope in the form of some government...more
Are you somebody who struggles each month to pay all of the bills? Are you in debt? Are you looking for ways in which to reduce your level of debt? In this article I write about ways in which we can control and reduce our debts which I hope will prove beneficial to people who read it.A few years ago, I found that I was not earning...more
A comprehensive plan is being offered by Obama to help individuals get out of debt during this difficult economic period. As a result, many people don't understand that the government is giving out money to individuals in order to solve debt issues. However, more people are realizing Obama's plan to help people get out of debt. So how exactly is the government making it easier for you to get out of debt? With the widespread economic crisis, a lot of individuals and families are noticing that they need to tighten their budget and find a way to reduce debt in order to release their family from unsecured financial debt burden. It is important to remember that these difficult economic times are affecting creditors just as much as it is affecting you. This means that creditors are open to making a settlement agreement with you. Making these settlements can help you get out of debt by paying only a fraction of what your currently owe and still have it regarded as a full payment. Creditors are more willing to sign these agreements because it allows them to get their budgets back in order. Millions of Americans are starting to realize that now is the best time to...more
In these challenging economic times it is very important that we make the right financial choices that will help improve our financial situation. We cant afford to maintain the extravagant life styles that we once lived. We have to do away with all...more
In these tough economic times its very crucial that we develop a habit of saving. We can start doing this by making small changes in our lifestyles, which will significantly help in cutting down our current spending habits. We have to stop spending...more
There are few essentials in life and clothes, along with food, water and shelter, is one of them. While the majority of our daily food and water supplies are sourced locally and we have a fair idea of the source of our housing supplies,...more
Make your debt free plans today and follow the path to stay debt free. Having a good plan in places helps you to avoid the pitfalls of having to pay the ridiculous high interest rates that credit card companies put on consumers these...more
What is an arrow nock?The arrow nock is the simple but essential part of the arrow. It is the fork-like part that comes into contact with the bowstring, serving as the direct conduit between the energy stored in the bow and the arrow as the deliverer...more
Copyright (c) 2010 Sherry TingleyManaging your debt is a critical component to attaining financial security and getting that peace of mind that you deserve. According to the National Foundation for Credit Counseling, many Americans are...more