Just like a regular savings account, a money market account is a type of savings account that is offered by banks and credit unions. The main difference is that money market accounts will usually pay higher interest, have higher minimum balance requirements, and often they only allow three to six withdrawals from the account per month. With most market money accounts you are also allowed to write checks on the account.If the account is held in a...more
Many consumers have found that putting money into CD's (certificate of deposit) accounts is a good way to earn additional interest over regular savings accounts. Just like the regular savings account that most of us are familiar with, money that you put into a CD will earn interest, and usually it will earn more interest than a simple savings account.One major difference between a regular savings account and a CD is that the money that you put...more
Most consumers have heard of Chapter 7 bankruptcy but there is another type known as Chapter 13. This article details some of the differences between the two and how they may affect someone who has to file.There are many differences between Chapter 7 and Chapter 13, but the main difference between Chapter 13 and Chapter 7 is Chapter 13 often allows a debtor (the person filing for bankruptcy) to keep certain assets that would otherwise be lost under the Chapter 7 rules. In many cases, you are allowed to keep your home and your car under either plan as long as your equity does not exceed certain limits. Under Chapter 7, however, you would not be able to keep rental properties, antique collections, and things of that nature, which you can retain under Chapter 13.In general, a Chapter 13 bankruptcy is usually filed for people who have too much income to file under Chapter 7. This also includes persons who have a large amount of non-dischargeable property.Chapter 13 bankruptcy is for individuals, or small business owners, who want to repay their creditors but are in financial hardship. Chapter 13 normally protects individuals from the collection efforts of creditors and permits those...more
Most consumers realize that there is a relationship between their debt and their credit reports. The truth is there are several relationships between a consumer's debt and his or her credit reports and ultimately the credit score that is calculated using the credit reports. Knowing more about how these issues relate to each other can be an...more
Credit card debt reduction services are becoming more popular as more people find themselves in financial trouble. Consumers who believe that credit card debt reduction services may be an option for them should first do some homework. Two things are important before signing up with any company. The first is to know exactly what it is you need done...more
Most people are familiar with the word bankruptcy, but many do not know much about Chapter 7 bankruptcy. This article deals with some of the more common issues associated with this particular form of bankruptcy.First of all, Chapter 7 is the most commonly used filing when it comes to bankruptcy. It is sometimes known as liquidation bankruptcy.There can be some exceptions but almost always Chapter 7 is used by individuals and not by business corporations, small companies or partnerships in business. When used by businesses, Chapter 7 ordinarily results in the termination of the business entity and so this form of bankruptcy is usually not used by those entities. Another side note to this is that the complete discharge of debt under Chapter 7 is only available to individual debtors.Chapter 7 is a liquidation (selling) process in which the non-exempt property that is owned by the person filing is liquidated (sold) for distribution to the creditors. The debtor then receives a discharge of all dischargeable debts.Generally speaking, those who file for Chapter 7 are in very bad financial conditions, usually with large credit card and other secured and unsecured debt. For the most part,...more
Debt repair companies can do wonders for some consumers but as with all things associated with money, consumers should be careful before signing up.Consumers should begin by understanding that there are differences between credit counselors and...more
There has been a lot of talk in the news lately about sub-prime mortgages and how they are affecting the housing market as well as some of the other economic sectors. Many consumers may be wondering just what are sub-prime mortgages. It is a fair...more
Internet marketing has come a long way in a short time. With tons of competition just a click away you need to have an Internet marketing strategy that works. Try these 8 tips for successful Internet marketing.1. Get on top of the search heap. ...more
Part of owning a home business is providing customer service to your clients. There is a great deal of information that can be helpful when providing customer service. One issue that should be addressed is managing customer complaints for your home...more
One of the important things you need to consider when you look into network marketing is choosing a good Multi-level marketing company. There are many companies out there but not all of them are legal and above board. Some are run by rank amateurs...more
With the way that things are going in the corporate world, job security is not what it used to be. Now companies are downsizing, going to temporary employees, hiring outsources and on tighter employee budgets. It is more important than ever to begin...more