There is a definite increase in the usage of credit cards and this has been the trend for quite some years. The economic recession resulted in loss of jobs, decrease in salaries and wages, increased over heads, forced closure of industries and affected financial institutions as well. People had borrowed so much that it became virtually impossible to pay back all the debts that had mounted over time.This lead to the introduction of...more
The economic recession has left a number of people struggling with its after effect. A lot of people were left without jobs. Under these circumstance, a lot of people started defaulting on their accounts. Credit card Debt Settlement came as a perfect answer to this situation of crisis. More and more people unable to pay off their debts have made these settlement programs popular. There are many legal ways to get rid of these...more
Pedestrian accident cases commonly cause fatalities. As per information from a few years ago, a pedestrian fatality happens due to a motor vehicle accident approximately every 111 minutes. That is 4,500 killed pedestrians each year. When handling a case involving a fatal pedestrian accident, attorneys need to be able to be aware of the nature of the damages that may exist in the individual case and to thoroughly go after all possible assets that could be used for a settlement.Look at, for instance, the documented case in which the driver actually admitted to being at fault for the motor vehicle accident. The driver was turning left when he hit and killed a 62 year-old man crossing the street on a walk signal. These facts were not denied by the driver. The issue concerned the amount that could be recovered. The defendant only had fifteen thousand dollars worth of insurance. The law firm that represented the family of the victim achieved a settlement for the victims adult children that included both the defendant's policy limits plus $1,000,000 from the drivers employer. They accomplished this by demonstrating that at the time of the accident the driver, even though he was driving...more
America is struggling with its economy which seems to be losing its power and although a developed country but is under lot of pressure due to recession. Innumerable people are fighting with shortage of jobs, lessened salary and fancy for shopping. Credit card misuse and bad debts have mounted to the maximum so much that people are...more
The average consumer is in the habit of living life with the help of many different types of loans. While secured loans like car loans, home loans etc are necessary, they are also manageable. The really dangerous loans are unsecured loans, especially credit card loans. Credit loans have very high rates of interest. At the same time...more
If you are over burdened with debt a settlement would be the only way out for you. There are many debt settlement programs available in the market. These programs are offered by settlement companies that negotiate the debt with the creditors on behalf of the debtors. Hiring a debt settlement company ensures that you get a good settlement deal which you may not be able to get for yourself. At the same time it saves you from having to deal with several creditors and their collection agencies. In fact some settlement companies have the technology to redirect collection calls to their office so that you do not have to deal with the creditors or their collection agents at all.However there are many fraudulent debt settlement companies in the market. This is why it is important to choose a good and reliable company to handle your debts. The first thing you should look for when choosing a settlement company is an accreditation from a regulatory body like TASC - The Association of Settlement Companies or USOBA - United States Organization for Bankruptcy Alternatives. These regulatory bodies give accreditation only to established companies with proven ethical standards....more
Slowly and steadily the economy is taking an upward trend and the economy seems to be getting back to normalcy. There still seems to be a big crowd of debt ridden people who have still not been able to pay back their dues till date....more
With the increase in bad debts, there have been many instances where both creditors and debtors have crossed the legal boundaries when trying to solve their respective problems. Creditors have tried to force debtors to pay back by using...more
There have been numerous instances where people have filed for a bankruptcy hoping to solve the debt settlement issues, but have found themselves in a hopeless situation after doing so. Have you ever wondered why this can happen? Well,...more
Unsecured debts can be described as debts that are not collateralize on the assets of a borrower. You can run into problems with unsecured debts as creditors can have a general claim on your assets. However this is an extreme case and...more
The word 'legal' is prefixed to 'Options To Never Pay Back Credit Card Debt' because this is what every reader would be interested in. There are numerous illegal activities and unethical practices used by many fraudulent companies...more
An average credit card user finds it difficult to think that someday this debt will be over. In most of the cases the debt has been present with the debtor for years. The scenario is not going to change if the customer keeps making...more