How to Avoid Filing for Bankruptcy
Bankruptcy is an ugly word in the financial world. But many people see it as their only way out of financial trouble ... . Instead, steps should be taken in order to pay back debts and clear credit, like debt consolidation ... is also affected by our society’s recent dependence on credit cards, as well as our debt to income ratio [more...]
Date: 2009-01-06 14:45:08
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To Loan or Not To Loan
I got a SMS from an old friend this morning at 6am.Can you lend me $2,000 as I need to pay off my debts this week? I will pay you back in monthly installments when I get my pay. If you dont have the money, then its alright.Firstly, it was a surprise to hear from this friend after more than a year. But it came [more...]
Date: 2009-01-15 09:20:00
Advice to Pres. Obama #1: An Actuary's Impractical Perspective
The suggestion was made to Oil Drum staff that some of us might want to write recommendations relating to President Obama's energy policy ... our financial problems behind us. This is a tough one. There is vastly more debt in the world than can ever ... . A fractional reserve banking system requires continued growth, in order to pay back all of the debt [more...]
Date: 2009-01-12 14:42:43
When It's Time to Wave the White Flag and File Bankruptcy
Sometimes, despite our best intentions to pay back our debts, our individual circumstances make it an impossible task ... to buy more immediate needs, like groceries or the heat bill? Do bill collectors call you regularly ... ) Have you tried debt consolidation but can't get approved for the loan? Are you unsure how much [more...]
Date: 2009-01-08 02:07:50
Bankruptcy - Is It the Answer?
Bankruptcy - Is It the Answer? October 11th, 2008 Subscribe To Our Feed If your finances are in a mess, you may have considered bankruptcy ... to pay back a portion of the debt that is owed to creditors. Your credit will be damaged ... laws. They were allowed to file more than once for Chapter 7 so many used it to beat credit card [more...]
Date: 2008-10-11 21:47:58
AIG (AIG): Recycling Debt Without Paying Anyone Back
AIG is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury ... has funded. Banks may still face substantial write-offs from consumer debt and their exposure to mortgage ... the value of their own loans. The only answer???more money. Cure the default by risking another one down [more...]
Date: 2008-11-26 11:01:31
The Journalism Crash
The journalism profession is in crisis, where every week brings another bleak announcement ... . Tribune Company, the third-largest newspaper chain in the nation and owner of 23 TV stations ... failing to serve the public interest. As these companies take on greater debt, they can’t pay back [more...]
Date: 2008-12-10 01:57:38
Debt consolidation
As with most Americans there are few things as bad as being deep in debt ... card consolidation. I will need to get the payment on my credit cards back where I can afford to pay ... . Debt Consolidation is one option that I am looking at and I will need to make up my mind quickly [more...]
Date: 2009-01-08 01:39:30
Debt Consolidation Benefits
If you’ve ever been in a situation where you needed money that you didn’t have, you probably already know about loans and credit cards ... the borrower will be responsible for paying back a certain amount of the total debt each month. Credit Card A credit card is a “card” whose holder has been given a revolving credit line by a financial [more...]
Date: 2009-01-14 10:09:15
Debt Consolidation Mortgage Refinance - Pros And Cons
Amazon.de Widgets Many people are in need of a strategy for paying back their loans. Some people just need a point in the right direction in order to get on the right track. Sure, if we had piles of money lying around our living rooms, paying off our debts wouldn’t be an issue. Since that is not the case, unfortunately, we must weigh all of our available options in order to find the one that best caters to your financial needs. [more...]
Date: 2009-09-23 18:25:44
Clinton Wants to Know “Am I Doing The Right Thing By Repaying My Debt?”
Clinton wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy ... . Is it true that my credit score will suffer even more by me paying back all of my debt? Will this prevent [more...]
Date: 2008-10-15 19:49:53
Glam Media Blames Economy, Slows Down Payments To Publishers
Glam Media, the always interesting womens network (and now men’s network) is back in the news this morning ... of their business model is float management - making sure that they collect money before they pay it out to partners. If they pay too soon, they could get hit with bad debt when advertisers don’t pay. Pay later [more...]
Date: 2008-11-04 18:57:21
: I Could Not Get That Money:
Ok I don’t need to elaborate here again on this blog since I have shared it on my bravejournal blog already about the person who owes me money long ... and never in my wildest dream that he’ll pay me back so if only I have debt collection agencies I think [more...]
Date: 2008-09-11 10:51:27
Best Of 2008 And Wishing You A Happy 2009
It’s hard to believe how fast time flies, but here we are already in 2009. Before we look forward, let’s reflect back on 2008 ... Network — This is actually a great collection of frugal ideas for your trips to various locales ... . The Correct Way to Pay Off Personal Debt: The Debt Avalanche at Consumerism Commentary — Step aside [more...]
Date: 2009-01-01 15:09:51
Old Debt Settlements Can Come Back to Haunt with Large Tax Bite
Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt ... you for being so singled out)! Most of the time if you settle your debt with credit card companies ... as a result of cancellation of debt. The amount of forgiven debt will count as income. According to the IRS [more...]
Date: 2008-12-01 14:54:03
Back to Financial School
by Mary Bush Can it be?! It’s hard to believe, but millions of people are preparing to go back to school already ... . About the Author: Debt Consolidation Help Cash Back Credit Cards: Let Your Credit Cards Pay You [more...]
Date: 2009-01-02 10:53:48
Mortgages: How much can you afford?
The American sub-prime crisis has rippled across the pond so that Britain too is feeling its ill effects ... lenders will try to work out a debt-to-income ratio so that they can work out how much you can afford ... taking on ever increasing levels of personal debt, many of those people were unable to pay back [more...]
Date: 2008-12-03 04:24:04
Slippy pavements and debit cards
AyeRight writes for the evening edition of today's gurn: ... in order to add more debt to our already laden pieces of plasticOur debt: take a look here.But ... afford to pay it back, the problem is they have already given it away.When debit cards were first [more...]
Date: 2009-01-14 15:59:00
Find Out More Information About IVA inside this Blog Post
The main advantage of the debt management companies is that they have the experienced in negotiations agents who are well aware of the ways that allow to make good deals with the credit lenders in order to arrange the debts of a client for less than the entire sums. This service comes usually instead of paying the money back in an entire amount. The reduction of the whole amount of debts in such a way is very good idea and it can really help you to avoid much stress. [more...]
Date: 2009-09-25 02:39:32
Enjoy Financial Freedom Through Debt Consolidation
I am back here again. I just talked to some friends especially my Brazilian friend who owned a bar cafe in a city near to us ... to pay all those credit cards purchases. She still want to apply for other credit cards to pay ... they can do is to have a debt consolidation. This simply means that you have to consolidate or putting [more...]
Date: 2008-12-12 20:48:47
Happy New Year!!!
As of today most of us have been back in the office for a bit more than a week ... . Firstly I am going to suggest that we all make a concerted effort to pay down our consumer debt ... interest rate consumer debt is good place to start. Secondly I am telling everyone [more...]
Date: 2009-01-15 19:04:42
Theodore Roosevelt was no conservative
“I opened the doors of the Democratic Party, and 20 million people walked out.”- George McGovern, 1972 ( ... services to the Nation?And then the DEBT is SHARED by the Nation to pay back?This was changed during [more...]
Date: 2009-01-09 14:44:00
eHealth Insurance; Options For Your Health Care
Do you have health insurance? eHealth Insurance is basically an online insurance store, ... and one for $20, and will just continue your account along, without sending it to a collection agency ... , the fastest growing debt load in America right now is the defaulting of paying back medical claims. Even [more...]
Date: 2008-10-24 23:37:06
See How ManagIng Your Personal Debt And Get What You Need Out Of Life
If statistical data are anything to go by it seems most of the people has some level of private debt. Debt in itself is not a bad thing so long as you’ve got the capability to pay it back without causing yourself additional stress. If we constantly consume more than we earn, the end result is not going to be good. If you want to manipulate your private debt you must get on top of your budget. The process of putting a budget together is not tough but you need to sit down and do it truthfully. [more...]
Date: 2009-09-14 23:19:09
Debt Update – 9/28/09
With starting a new job, I only received 3 weeks pay for the month of September, so that put us back a little bit in terms of paying off our car loan. It will definitely be paid off in October though since we only owe 4% on it yet, so that’s good news! Then, I can focus on student loan #1 which is the smaller of my two students loans. The other student loan will probably take 2-3 years if we are aggressive in paying it off. [more...]
Date: 2009-09-28 15:00:02
In 2009 Go Back to Basics
Hi All, Like most hardworking Americans you probably spend a good deal of time working for your money ... % credit card. Dump it. If you owe money on rent-to-own appliances, pay it off. If you have back taxes ... be wishy washy, eliminate high interest debt. 4) Own your own home. Home ownership increases [more...]
Date: 2009-01-07 20:11:16
Life Insurance: Caring for Your Family, Even in Death
When Gabriel was a baby, I went back to school. I didn’t really want a career, ... on me that he would be able to hire a nanny, a maid, pay off the house, pay for private schools ... about debts you leave behind. There are two specific types of insurance for this scenario, final expense [more...]
Date: 2009-01-16 03:22:01
Balance? We Don’t Need No Stinkin’ Balance:
Balance? We Don’t Need No Stinkin’ Balance: Posted by Mike Folkerth on Thursday, January 15th, ... No problem, we’ll tax the public to pay your debts and you can get back to gambling and make [more...]
Date: 2009-01-15 14:19:29
5 Simple Steps to Making Your “Get Out Of Debt” Resolution Stick - Part 4
Welcome back. It’s January 10 as I write this, almost half-way through the month already! ... was to get your debt paid off. If you’ve been following along with the series so far, you’ll have a plan for paying off your debt. You’ll ... [more...]
Date: 2009-01-10 18:06:33
A Guide to Repairing Your Credit Score
by Mary Bush In the United States, as well as many other countries, ... for skipping a payment, it may come back to haunt you later. Keep your credit card payments at a level ... . Debt consolidation may be a good idea. If you are paying on many debts, the varying interest rates [more...]
Date: 2009-01-01 08:28:50
A Guide to Repairing Your Credit Score
by Mary Bush In the United States, as well as many other countries, ... for skipping a payment, it may come back to haunt you later. Keep your credit card payments at a level ... . Debt consolidation may be a good idea. If you are paying on many debts, the varying interest rates [more...]
Date: 2009-01-02 22:12:26
A Guide to Repairing Your Credit Score
by Mary Bush In the United States, as well as many other countries, ... for skipping a payment, it may come back to haunt you later. Keep your credit card payments at a level ... . Debt consolidation may be a good idea. If you are paying on many debts, the varying interest rates [more...]
Date: 2009-01-10 08:35:57
Selfishness in Affiliate Marketing
So last night I was up all night with my allergies, didn’t get to sleep until 7:30am ... . When he doesn’t pay the loan back, he’s charged 400% in interest and ends up being in debt for years. Rather ... allowance” out of it, less the money they deducted as “repayment” on the loan. All told, they took [more...]
Date: 2008-09-05 20:54:30
Making the most of mortgage overpayments
By Rupert Jones Shock news: Brits are repaying their debts. For years we were Europe’s most credit-happy consumers, unable to resist the lure of super-sized mortgages and seemingly addicted to flexing our plastic – but now it looks as if we have caught the thrift bug. Bank of England data issued this week shows that, for the first time since records began in 1993, homeowners are paying back more on their mortgages than homebuyers are borrowing. [more...]
Date: 2009-09-07 01:09:47
Repaying Your Student Loans
This entry is part 2 of 2 in the series Student LoansStrategies For Paying Back Student Loans “60 percent of 2007 college graduates had student debt, each taking on an average of $22,700 in loans.” —College Board Report “Default rates ... who leave college with a lot of debt.” — EducationSector Student loans are often easy [more...]
Date: 2008-11-18 17:43:48
Paying off debt
I wish it wasn’t like this but money has a lot to do with simple living ... the life you want. Back in my spending days, credit card debt and a mortgage were normal parts [more...]
Date: 2008-08-18 06:38:00
Never Ever Lend Money to a Friend - my story
I look back and I can’t believe how stupid I was. Expensive lesson learned… don’t lend more money to a friend than you can afford to lose ... him his money from home and he would pay it all back no problem. We were also waiting on this money ... for me for free until the debt was paid. Great. But the idiot got ripped off by the person he had bought [more...]
Date: 2009-01-15 00:37:49
Makers of Crap Sandwich Now Pitching It With 10-Percent More Corn
The big three automakers are back in Washington, trying to convince Congress to give them your hard-earned money so they can keep afloat businesses ... refinance their companies' debt, cut executive pay, seek concessions from workers and find other ways ... changes, including the elimination of lavish executive pay packages and assurances that taxpayers [more...]
Date: 2008-12-02 12:57:12
Treasury bid to halt rent-back evictions
Owen and Moira Martin are among the many British victims of companies offering controversial sale-and-rent-back deals ... agreement to pay off about £26,000 of mainly credit card debt. 'My wife had a heart attack on my 50th [more...]
Date: 2008-11-09 00:04:48
Going Back to School, Adding More Debt, Hoping I Made the Right Choice
I haven’t brought this up here on the blog yet, but one of my big plans for 2009 is going back to school and getting a Master’s Degree ... new laptop.Monthly Update: Credit Card Debt Payoff ... . The bad: I’ll be adding $25K - $30K of debt. If I don’t get a big salary increase I’ll be paying [more...]
Date: 2009-01-08 07:29:26
There's always money in parking meters
And Morgan Stanley wants it. The city of Chicago is on the cusp of signing a contract to let a Morgan Stanley-backed consortium collect money from ... percentage went into a reserve fund, and a fair chunk went to pay down municipal debt. The other ... . The city, which has been on something of a privatization tear, having auctioned off Midway Airport [more...]
Date: 2008-12-03 18:48:06
Midway may get an extra month to stay alive
Midway's countdown to possible doom -- otherwise known as the 50 day deadline it had to pay back an impossible $150 million in ... , has reached an agreement on $75 million worth of its debt to extend the deadline by which it must repay ... debt -- is getting a one-month extension. Probably, anyway. The struggling "Mortal Kombat [more...]
Date: 2009-01-05 23:42:02
"Crime Doesn't Pay(back)"
The Houston Press this week examined the important issue of victim restitution and discovered that:Across the entire state, 90 ... of it, or $2.3 million (see "Bad Debt").Unfortunately, reporter Chris Vogel mostly took his lead ... : "This is the problem for which no one seems to have a solution: how to make someone pay money that they don't [more...]
Date: 2008-12-07 15:20:00
6 Powerful Easy Tips for Living Debt Free.
by Finance-Experts-Team It does not matter if you are a beginner or an expert business owner ... that almost every one likes to enjoy the benefits offered by low interest credit cards, but they never read their statements when they have to pay back the bill. Credit cards involve the risk of starting [more...]
Date: 2009-01-06 10:45:18
Would You Prefer Your Favorite Company To Buy Back Stock or Pay A Dividend?
The companies you invest in generate profits (hopefully) ... they bought back are much lower and they still have the debt loads from the transaction. Terrible decisions [more...]
Date: 2009-01-12 09:09:12
My Boyfriend’s Mother
Since the BF grew up here in Phoenix, his immediate family (mom, dad, and brother) still live here ... of dollars from the BF and didn’t pay it back until the BF paid a lawyer to send a letter to the brother ... . About a year ago, the BF asked his mom for help. He had accumulated some credit card debt in grad school [more...]
Date: 2009-01-13 01:05:23
Book Review: Investing in an Uncertain Economy for Dummies
The winner of the book Killing Sacred Cows is Jane’s Friend. Please contact me at livingalmost at gmail dot com! I hope to hear back from you ... . Later strategies include building a solid financial plan which includes paying off debt [more...]
Date: 2008-12-04 14:00:11
Plotting the Debt Reduction Course
It feels like it’s been months since I last accomplished a financial goal. In fact, it *has* been months. It’s getting me down. I eliminated $28k+ worth of credit card debt way back on March 27 with a $508.13 payment ... , you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals [more...]
Date: 2008-06-12 16:55:34
The Paradox of Thrift
Has the economy scared you into cutting back on your spending, paying down your credit cards, getting your budget in order? ... couple profiled in the Journal story: Rick and Noreen Capp recently reduced their credit-card debt ... with that? Haven’t consumers been told they need to be more responsible about debt and spending - the lesson [more...]
Date: 2009-01-06 14:12:53
Tap My 401(k) or Borrow From Family?
A while back (actually, almost a year and a half ago now… how time flies…), I talked about using a 401(k) to pay off credit card debt ... with a person who used my credit recklessly. I am now left with about $30K in debt, almost all of it high ... union and have no way to consolidate that debt. This leaves me with two options: tap into my 401 [more...]
Date: 2008-11-20 14:00:33
