Carrying too much debt can be like a monkey on your back - hard to get out from under. The fact is though, that reducing or eliminating debt is actually pretty simple and straightforward. But you need to be smart about addressing the reasons you find yourself in debt in the first place. The decisions you make now can affect your finances for years to come. Here's some common mistakes to keep in mind:Focusing on the Wrong DebtSome people...more
Incurring too much debt can hinder a person to function a normal way of life. This is because bad debts can lead to sleepless nights and anxious days caused by collectors' constant demands for you to pay up. As a respite to these demands, you end up playing the hide and seek game with your creditor. That is definitely not a customary living. However, if you are a victim of the recent economic crunch, having bad debts seems to be inevitable. If...more
Consumers are federally protected in their dealings with collection agencies who must abide by these rules or face possible fines or sanctions. If you want to take control when facing debt collection efforts, you need to know your rights related to such actions. Here's some rules to consider.Cease and Desist OrderIf you have been contacted by a collection agency, you can instruct them to submit all communication through your lawyer and for them not to contact you directly. They must comply, as long as your lawyer responds to their efforts or if they want to inform you that you are either being sued or that your debt has been canceled. Another option is to insist on dealing only with your original creditor to settle you debt instead, then reopening those negotiations.Intentions to Follow UpCollection agencies cannot threaten you with actions they do not intend to follow through on. Such threats are considered intimidating and coercive and are prohibited by law. So if you've been informed you will sued for nonpayment, they better actually do it or they face penalties. If you've been intimidated in this way, contact either the Federal Trade Commission or your state Attorney General to...more
While becoming debt-free is a noble goal, not considering other factors when paying off your debt can hinder your long term prosperity and financial stability. Not all debt is created equal and if you don't understand the difference between good debt and bad debt, you could neglect other important fiscal goals in a blind attempt to eliminate your...more
The people with $10,000 unsecured debt should immediately give thought for debt settlement program. The interest rate on unsecured loans is always high, with other charges like late fee and other fines, these charges and interest rate make unsecured debt amount to rise at very rapid pace. It is the time for one to make a move for legitimate debt...more
Dubai is one of the luxurious places of the world. It is declared as the gold capital of the world. Dubai is one of the seven emirates of the United Arab Emirates and has the largest population among the seven emirates. Therefore, investors all around the world are seeking to invest in Dubai. It is a land located place. People from all over the world are visiting Dubai for various purposes. A large number of people are visiting for business and trade besides these people are also visiting Dubai for their vacation enjoyment. People who are visiting Dubai for enjoyment will stay for a short period and preferred for luxurious stay such as Dubai Villas and Dubai Hotels. Such kinds of visitors are not looking to buy Dubai property because to rent Dubai property is the best option for them. On the other hand, businessman and traders will desire to buy Dubai property because they stay for a long period. If they are not able to afford Dubai property to buy, then only one option is left for them and that is to rent Dubai property. Due to their financial limitations they favor Dubai apartments for rent or rent flat Dubai. These are the affordable options for them.Therefore, real estate...more
The ads appear on television, in print and on the internet, and the number of debt companies, who specialize in consolidation, settlement and management, is an industry that is growing rapidly. The need by consumers for debt relief has created a...more
Try to pay a little more than the minimum for each of the credit cards you pay on each month. This can help you to pay these typically high interest bills off earlier than just paying the minimum on each. Following this debt advice can help you...more
Finances are important so it's wise to look at all your options with respect to debts, investments, security, taxes, and the like. Don't hesitate to check the credentials and the reputation of a company that is offering to give you advice. The wrong...more
When the person or family find that they are in over their heads, such a bankruptcy filing may be the only viable choice. The important thing to remember in this circumstance is not to be afraid. By contacting a good bankruptcy lawyer in whatever...more
Even though it may seem hopeless when having money problems, there is really no such thing as an unsolvable debt problem. Sometimes it is not easy or fast but there is always an answer and the sooner you tackle your money problems, the easier they...more
Separation or divorce from a partner or spouse is an extremely traumatic experience. But if debts are involved the process of how these are dealt with needs to be understood.As a general rule, a person cannot become liable for debts taken out by...more