Beijing, China It was a beautiful sunny day in Beijing, when 28-year-old resident, Zhing Zhang Clemmons left the Hyundai dealership in his brand new Hyundai Sonata. He fastened his safety belt, took a deep breath, and gripped the wheel with both hands. Ready for a triumphant ride through the streets of China, he pulled out of the parking lot. The car so quiet; all that could be heard was Miley Cyrus' "Party in the USA pumping through the car...more
There are few situations that are as overwhelming because debt, and sometimes payments can seem impossible. Many times, people get thus caught up in worrying about making payments that they forget to even look at what the debt is doing to their allowance score. When you are struggling just to make payments does your allowance score really matter?As you devour this article, remember that the rest of it contains valuable information related to debt...more
In today's economy it is very difficult to get through life without accumulating debt: from regular bills to sudden expenses the list of ways debt can be incurred is almost endless. In such times it may seem like you have no options but to make the minimum payments in order to keep yourself from going bankrupt. However, there is another alternative...more
It seems like debt has become almost uncontrollable these days, with hidden fees and outrageous interest rates making it almost impossible to pay off without declaring bankruptcy. There are solutions, but most of them require you to kill your credit or pay third parties to investigate the situation for you. In a world where you can lose everything...more
Being in debt can be stressful and make it harder to concentrate on your work, life, and loved ones. With the economy the way it is you will find it hard to get yourself out of debt without help. If you have a large mortgage, credit card debt, or bills that are piling up then you need to find a debt consolidation company to help you find a way to handle the situation.The first step to getting debt free is to consult a company to figure out how best to consolidate your debt. Debt consolidation works by taking all of the money you owe and combining it into a loan under a single lender. This makes it easier for you to keep track of who you owe, and allows you to find a way to lower your interest rates. By doing this you can save yourself thousands of dollars a year, while helping you minimize your time in debt.Most companies will help you find a solution that works well for your situation; however, you must be wary because not ever debt consolidation company is looking out for your best interests. There are companies out there that will take your debt and sell it to a lender with a high interest rate so that they may collect a fee off your monthly payments. This will affect how long...more
Between credit cards, mortgages, and unexpected bills it is easy to get trapped in debt. Paying the minimum payments may seem like it is the easiest solution, allowing you to spend your money elsewhere, but with interest rates you will end up paying...more
It can be quite difficult to get out of debt in the current economy. With the job market in constant turmoil you have to take whatever job you can get, even if that means taking a high percentage cut in pay. When you add in the additional, unforeseen...more
In a world where unforeseen expenses and misfortune can cause you to incur large amounts of debt in a short period of time it is difficult to keep yourself debt free. Whether it is a credit card, mortgage, medical bills, or some other bill that is...more
In a world where the economy is unstable, and everyone is worried about unemployment and pay cuts, unforeseen expenses can force you to rely on credit cards and personal loans to cover your bills. Once you are in debt is very difficult to get out of,...more
Incurring debt can lead you into a viscous cycle where you continually have to pay several companies the minimum payment, allowing interest to accumulate to drive you deeper into debt. If you have bills on several credit cards, personal loans, or...more
Debt restructuring is the process through which a private or public company which has cash flow problems and financial distress and try to reduce and renegotiate their debts in order to restore liquidity so that they can continue its operations. Debt...more