tag:blogger.com,1999:blog-56697155585357330842024-02-22T01:29:40.396-08:00Advice DebtGet expert advice you can really trustAdminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-5669715558535733084.post-32376950515703960672010-01-23T20:41:00.000-08:002010-02-01T01:45:00.445-08:00Where and how to find the best credit card rates<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://advicedebt.blogspot.com/2010/01/where-and-how-to-find-best-credit-card.html"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 132px; height: 170px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA1NBi_lTsbQ7FSQqgRBp1c7rO-OGMGC68mWk6d_iN2rWnhlxezMJM76DWTz9EfL_L_C68nMlOyTgoXrQoUOB3c1PwBi-BikiHT7dFi1Enmo7nTyPacslOho-cST1T4QwIlGkF43T1nXs/s320/bxp27235.jpg" border="0" alt=""id="Where and how to find the best credit card rates" /></a><br />Millions of American families use their credit cards, not just for shopping for luxuries today, but to make ends meet, buy groceries and pay medical bills. Credit cards have become a false lifeline for many families who may be in financial trouble. With the situation as it is how do you control or reduce credit card debt? Is it even possible to? Yes, it may take time, and it will definitely take determination – not just to get through the process, but to stick to it – but it can definitely be done, and the process can be begun by finding the best credit card rates.<br />One of the most important steps you can take towards debt reduction is to find the best credit card rates possible. Start shopping around for a lower-rate credit card and transfer your balance. Balance transfer is excellent idea if you plan to try paying off the credit card balance, because it allows you to pay just debt without interest, for a period of 3 to 12 months. Some cards offer interest free on just the balance transferred, some on purchases in a certain time period, and some both, so find the best. Also look at the interest they charge after the interest-free period. These rates can vary enormously. If you want to change cards before then, this is less important to you. If you plan to stay with the new card, make sure it charges a low level of interest for purchases as well as standard rates long term.<br />Be alert when transferring balance. The card that you are switching to pays the due amount to the old issuer. If this payment is made via check, there's a gap between when the check given and when it actually clears. This may be a time that both your old and new issuers charge you interest on. Examine the check transfer policies for both companies to ensure that you are not paying the bill for their processes.<br />Another thing you can do is to ask for better rates at your own credit card company. Statistics say that more than half the people, who ask, do get lower rates. If your current issuer refuses, or won't lower rates far enough to be of real help, look for a better deal. If you have been regular with payments for a while, you might have enough credit history to get a much better lower-rate card somewhere else. Be careful, a lot of the offers you may see are introductory. You are promised a 5% rate, don’t read the fine print, and find that it shoots up to 18% after a certain time. You should look for a card charging a fixed rate. Your apparently low-rate card may not be as low as you think it is if it charges an annual fee. The best credit card rates are the ones that have no annual fee added in. always shop for a no-fee card which gives you a lower rate than your break-even point.<br /><br />Most credit card companies now penalize customers for not using the cards regularly basis. They hike interest rates on cards not used for sometime, and neglect to inform customers so that when they charge expenses to those cards they are presented with a huge bill. Stick to one or two cards that give you the best credit card rates, and keep checking on the interest rates. Make sure, before you apply for a new card, that there are no hidden fees or increased minimums to be paid. Card issuers generally charge foreign exchange transaction fees for purchases made overseas. Even if you have paid in US dollars and not exchanged any currency, you will have to pay 3 percent of the US dollar value of the transaction so, before getting a new card, find out what charges will be levied on shopping abroad.<br /><br />Many debt consolidation agencies and consultants exist, online and off, who will provide resources for identifying lower rate cards. Sites like Bankrate.com, lowerratecards.com, and consumersleague.org/credit.htm allow you to compare between all the cards to select the one that gives you the best credit card rate. Others, like lifehacker.com/software/credit-cards and oundmoneytips.com/article, offer tips on how to negotiate for a new, lower rate, with your existing issuer and limiting some fees and interest as you reduce your debt.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com3tag:blogger.com,1999:blog-5669715558535733084.post-54981753416163028422009-12-19T01:07:00.000-08:002010-02-01T01:36:55.933-08:00Four Ways of Resolving Unpaid Taxes<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSGQrMssK9GTYsfDK6LKhkKOenIwo_00rIZd1fuLkMHhNdB6yc0vLQmpQB0ttEZiCz6ZJUPhAmhhggkeEFEgDN_kVeEr-Hq2RGIs_Ay-tk6wZ8BhMZbMZRib2AmUV3kAgZ_3w7KhbaSks/s1600-h/ACP1005.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 113px; height: 170px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSGQrMssK9GTYsfDK6LKhkKOenIwo_00rIZd1fuLkMHhNdB6yc0vLQmpQB0ttEZiCz6ZJUPhAmhhggkeEFEgDN_kVeEr-Hq2RGIs_Ay-tk6wZ8BhMZbMZRib2AmUV3kAgZ_3w7KhbaSks/s320/ACP1005.jpg" border="0" alt=""id="Four Ways of Resolving Unpaid Taxes" /></a><br />If you have unpaid taxes owed to the IRS you should be looking for a resolution to this problem. The longer you wait to resolve the problem the worse things are going to get. Although the IRS often times works very slowly, you can be sure of one thing: they are going to realize soon enough that you have unpaid taxes. At that point they will get in touch with you to start the collection process.<br /><br />The first thing you must do in resolving unpaid taxes is to find out how much you owe. This will in turn give you an idea of how much of the total debt you can afford to pay. If you have enough money to pay the entire bill, you should do so as soon as possible. This will resolve your unpaid taxes and put the issue behind you.<br />There are several other things you can do to resolve unpaid taxes:<br /><br />1. Hire a tax professional. Why take on this problem alone? If you hire a professional you do not have to worry about making any mistakes. One who is experienced and knowledgeable of the tax code can help you resolve your unpaid taxes in a short period of time. The reason why there are so many tax professionals is because it is a fact that taxes are complex and people do need professionals to help. A tax professional can most likely analyze your financial and tax situation fairly quickly and find you the best possible method to pay back your taxes or settle your taxes while keeping your financial well being in mind.<br /><br />2. Just pay. As noted above, if you have the money you can pay your unpaid taxes to solve the problem. Even if you can't pay in full maybe you can come up with the money quickly to pay off your taxes. Some possible options to come up with extra cash to pay for your taxes could be sell some of your unwanted jewelery/gold, sell old items that may have some value on ebay, sell that extra car of yours that you haven't used in years, have a tag sale or possibly borrow from family and friends.<br /><br />3. Pay your taxes back through an IRS payment plan. There are several payment plans available depending upon your financial situation. The most common form of payment plan is an installment agreement. With an installment agreement you will be allowed to pay back the taxes you owe in monthly increments. One thing to remember is that you will still be charged interest on the outstanding balance so the sooner you pay off the entire amount, the less in interest you will be paying. An installment agreement is a great alternative to putting on a credit card as the interest with an installment agreement is typically less than most credit cards. If you cannot afford the minimum payments required with an installment agreement it is a possibility that you may qualify for a partial payment installment agreement. With a partial payment installment agreement the monthly payments will be lower but you will need to provide detailed proof of your financial statements to the IRS in order for them to consider you for this.<br /><br />4. If you feel you will not be able to pay off your taxes through any type of payment plan or if doing so would cause severe financial hardship then an offer in compromise can be an option for you. With an offer in compromise you can settle your taxes for less than the total amount. In order to do so you will be required to complete a very detailed and complicated tax filing that will detail out your current financial standing, future financial standing and the amount you are willing to offer the IRS to be considered back into good standing with them. It is a good idea to hire a tax professional when filing for an offer in compromise. Most offers are rejected because they are not properly completed or the amount offered is too little.<br /><br />When it comes to resolving unpaid taxes one thing is for sure: there is more than one way of doing this. Consider all options and then decide which one is best.<br /><br /><span style="font-size:78%;"><br />author : Matt Robinson</span>Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-35767601611687848192009-12-03T22:20:00.000-08:002010-02-01T01:39:59.428-08:00How to handle credit card debt collection agencies<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi52RSj9K_rtz-_eZPKYDcoWmfy2fsTMksLZrFiu6-dyGW85m8iE0UKr_Q6hCTdgJI7pbwXTeMnaJVDtL78O1e0rB6fJuxsQ3jN3uBYS4jwgivk1P17kQRA1rHAUbgaqqKKVuZAyvA6-3E/s1600-h/k0759379.jpg"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 113px; height: 170px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi52RSj9K_rtz-_eZPKYDcoWmfy2fsTMksLZrFiu6-dyGW85m8iE0UKr_Q6hCTdgJI7pbwXTeMnaJVDtL78O1e0rB6fJuxsQ3jN3uBYS4jwgivk1P17kQRA1rHAUbgaqqKKVuZAyvA6-3E/s320/k0759379.jpg" border="0" alt=""id="How to handle credit card debt collection agencies" /></a><br />Debt collectors are looking to make you pay up. It is their job to get you to write that check, and they know that mean works better than nice. Also, many collectors take advantage of the consumers’ ignorance of the FDCPA law. Debt collection is a huge industry, totaling $15 billion dollars a year, and growing fast. Thousands of companies buy debts for pennies on the dollar, in the US today, and then try to recover what is owed. They contact the consumer and negotiate a pay back and are good at finding out where borrowers live and work, to contact them by phone, mail, and fax, and sometimes even telegrams.<br />Researching, learning and understanding your rights under the FDCPA should be the first step if you wish to stop illegal collector harassment and safeguard your peace of mind. Unless you are aware of the law and fully understand how to use it, you would be at the mercy of unethical credit card debt collectors who use underhanded and illegal tactics to intimidate you into paying expired or invalid debts that you just can't afford. You have several rights under the FDCPA. You can request that the collector does not contact you anymore, or only contact you by mail. Collectors cannot threaten you, under this law, or pretend to be a credit bureau. Neither can they tell you that you owe more than you actually do, or use obscenities, or claim that you are guilty of a crime.<br /><br />You will be contacted by the collector via a letter and you should open and read this letter immediately. You have only 30 days to dispute any facts so if there are errors, you should notify the collector and the related creditors immediately. Keep notes about all your communications with collectors and retain copies of all correspondence. When your debt is sent to collections a new record appears on your credit report which will remain on your credit report for seven years from the last payment, late by 180 days, on the original account, regardless of whether you pay the debt or not. Carefully review the information posted by the collection agency on your credit report. It is common for collectors to report incorrect facts to speed up negotiations.<br /><br />After verifying that the debt is accurate, consider your options. It is better, in most cases, to negotiate a deal, pay off the collector, and rebuild your credit. However, if there are other debts not in collections that need to paid, you should work on paying those first. After all, this collection record will stay on your credit report for seven years anyway. It doesn’t make sense to pay the collection debt, and let the others go into collection as well. When you do decide to pay the collection debt, contact the collector and try to negotiate an agreement. Credit card debt collectors buy your debt for pennies on the dollar, and so, they will often negotiate a reduced settlement. Some will offer to take the record off your credit report, but that is illegal. Make sure the collector sends you the terms of the settlement in writing, and refuse to pay until they do. You may need this letter if the debt resurfaces again later.<br /><br />Being contacted by a collections agency can be scary. Take a step back, find out your rights, and pick your options, take control of the situation. Credit card debt collectors will do just about anything to get you to pay. Never ever give them your account number; they will bleed your account dry as soon as they have that information. Never agree to repayment terms without getting them to put it in writing. Don’t trust collectors or take them at their word. It is their job to play on your emotions of guilt and shame. Remember this, you owe them the money and it’s your responsibility to pay, but you do not have to allow yourself to be ill treated as you work towards getting yourself out of debt.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-31701274281700124002009-11-28T20:49:00.000-08:002010-02-01T01:33:46.560-08:00How to permanently cut that credit card debt<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ81Ensz5yLhRql9Q2A7xezjXIgUWvAuQ9N5V7_cCjRzsEj0K4g181p6O65HT2swyVXKqyjmUfVlxW1C8jsVDqQoop0-cmwpMVl-qVdkbLVGjuCSCGv20rsxZ_hy4S0lHn1SZaw1LS85A/s1600-h/1574R-017946.jpg"><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 113px; height: 170px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ81Ensz5yLhRql9Q2A7xezjXIgUWvAuQ9N5V7_cCjRzsEj0K4g181p6O65HT2swyVXKqyjmUfVlxW1C8jsVDqQoop0-cmwpMVl-qVdkbLVGjuCSCGv20rsxZ_hy4S0lHn1SZaw1LS85A/s320/1574R-017946.jpg" border="0" alt=""id="cut credit card" /></a><br />To most of us, our credit score is a lot more important than educational ones. We only truly care about what the databases have on record about our purchases and consumer choices. Today, we can buy instant affluence but can as quickly lose it, and be threatened by foreclosures and bankruptcies. Consumer debt, of more than $4 trillion, is currently one of the biggest problems in the economy, of which above $18,000 is the consumer credit card debt per household.<br /><br />What is worse for you and I, is that interest has to be paid. As a result, an estimated 60% of American families spend more than their after-tax income. Nearly 32 million families run with an annual deficit of $8 thousand on average, exhausting their savings and carrying huge debts. It would take little to push them into bankruptcy, a few months without work or a reduced income. In twenty years America has become a credit card nation and a debtor society where the seeming affluence, apparent rise in standards of living are all financed by debt and not by income growth. Consumer credit card debt has become the new epidemic.<br /><br />If you are one of these people, facing a financial crisis caused by illness, loss of work, or overspending, remember that it is not impossible to overcome. The situation can be brought under control, with dedication and hard work, teamed with sacrifices.<br /><br />Consider your options. You can choose from a self created realistic budget or credit counseling from an organization, decide between debt consolidation, and bankruptcy, or you may consider debt negotiation. The best option would depend on your accumulated debt, capacity for self discipline, and prospects for the future.<br /><br />Basic steps like budgeting can be self help. Your local public library will have information about budgeting and money management and computer software programs are easily available and make good tools for maintaining a budget, planning debt repayments and savings. Credit counseling and debt management are a good if you can’t stick to a budget, or fail to work out a repayment plan with you creditors. You can also choose to consolidate your debt, but remember that you have to put your home up as collateral. In the event of any future inability to pay or any late payments, you could lose your home to foreclosure.<br /><br />Most people know, and understand, that overspending along with credit card debt leads to trouble. There are psychological reasons for the popularity of credit cards. Credit cards create what is called a cognitive disconnect, a vast gulf between what Americans buy and how much they can afford. When you don’t pay with cash, you don't understand the real cost. You cannot connect it with the hours of work it took to make that money. Paying with plastic is just like not paying. With buy now pay later systems, credit cards make you feel able to afford anything, paying for it over time. For most purchases, you are still paying it off a year later, and it has cost you 20% more than the price with the interest you have paid, added in.<br />The current state of the credit card based economy has taken away the notion of a buffer, an emergency fund. People don’t put anything away for crisis times, putting everything on their credit cards whenever there is an emergency. They are paying for these emergencies for longer and longer times, sometimes dragging it into their retirements. Also, since they have practically no savings to speak of, and no investments, they enter retirement totally dependent on the state and their own kids.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com1tag:blogger.com,1999:blog-5669715558535733084.post-27050101995644297042009-11-25T20:45:00.000-08:002010-02-01T01:44:19.389-08:00How to take Eliminate credit card debt<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://advicedebt.blogspot.com/2010/01/take-eliminate-credit-card-debt.html"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 114px; height: 170px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQym3rWEZFhEVHMS7tAVO15h0XWKCm6A7zJDosVx-zVWXnUl9-G62OP4voBI1ZS5pNbTs6_7uo1YoynSFwd1sL0be5U0NrmfcV6t7nZAAL6zEYdhyfLUED6tOBHOKibhUkLiUe9qVsdy8/s320/b11094.jpg" border="0" alt=""id="How to take Eliminate credit card debt" /></a><br />You can plan and begin credit card debt elimination right from this minute. You can start the process with a little bit of careful planning and a lot of patience. Before you begin, make sure of your reasons and your commitment to eliminating debt. It may force you to change habits like cable or regular clothes shopping. If you are really ready to take charge of your finances, and climb out of debt, first, confront the debt, and commit to changing your spending patterns. The process will call for all your reserves of discipline and sacrifice.<br /><br />Obviously, the most important thing you can do for long term freedom from credit card debt is to eliminate spending. Continued spending and high interests make credit card debt elimination almost impossible. Distinguish between wants and needs, and don’t buy the wants. Avoid impulse buying at all costs and cut out on all unnecessary ATM visits as well as cash spending. This will free up more money to devote to debt elimination. Make and stick to a budget. Living by budget will allow you to pool all available cash for debt elimination. Pay more than just the minimum amount on each credit card per month, or establish a payoff plan. Some experts tell you to pay off the credit card with highest interest rate first while others recommend paying off the smallest balance. Regardless of which you choose, maintain a regular bill-paying schedule and always avoid paying credit card bills late.<br /><br />In addition, it is a good idea to seek ways of making a little extra cash, some additional income that would be devoted to the get out of debt effort. You can do one of many things to earn a little extra cash. While none of these will make you a millionaire overnights, they are good ways to make a little more.<br /><br />You can sell things around the house. Gather up all the junk in the garage and all over the house, old board games, discarded clothes, old CDs, videos and video games and whatever else you see yourself never needing again. If you are a typical family, chances are you have loads of such stuff cluttering your house and you can easily sell that junk on EBAY for decent cash. Once you have made a few sales and gained confidence, try to purchase wholesale and sell for a profit. Alternatively collect items from friends or family members sell them, giving the person the bulk, and keeping a part as charges. Many people would happily let you sell their junk on EBAY. Garage sales are also useful for finding items for sale. Visit garage sales towards the evening and offer a set amount for all of the remaining items.<br /><br />You can also become a blogger, writing an online journal or diary for public reading. Create your blog at a site related to your interest or expertise, build up content over a couple of weeks, and chances are you can have some income coming in. a lot of blogsites pay you for every time one of your visitors clicks on an ad<br /><br />You could also become a notary signing agent, to witness and certify loan document signing. A mobile Notary Signing Agent would go to the home or office of the borrower to get the papers signed, and can make from $50 to $150 per contract.<br /><br />If you can find and combine more than one way of generating small amounts of extra income, the total would add up quickly and make a big difference to your credit card debt elimination effort. You can and will get out of debt if you have the commitment and the motivation. It is obviously not going to happen overnight, so be patient with the plan. Reward yourself for small victories, and don’t beat yourself up if the going is slow and painful. Always remember, the sheer peace of mind, and wonderful sense of satisfaction and relief you will have when you are finally free of credit card debt will be well worth the wait and the effort.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-18101263404407768432009-11-19T01:03:00.000-08:002010-01-19T01:06:02.777-08:005 tips to choose the right debt settlement companyDebt settlement is increasingly being adopted as a popular means to get out of credit card debt. Essential to successful debt settlement is having the right debt settlement company work for you. But how do you find the right debt settlement company?<br />Here are 5 tips that could help you find the right debt settlement company.<br /><br />1. Don't get driven by high pressure sales Internet today is swamped with lucrative debt settlement offers that are quite confusing, and hard to believe. The idea is to stay clear from debt settlement offers that seem too good to be true. Researching for the right offer and comparing various services offered by debt settlement companies, will help you reach the right debt settlement company.<br /><br />2. No upfront fees Stay clear of companies, ask for complete fees up-front. Look for a debt settlement company that takes fees on monthly to monthly basis. Also, there should be no maintenance fees associated with accounts. Although, it might seem difficult at first, in finding such agency but the effort will be worthwhile as the debt settlement company will indeed be reliable because it follows good business practices.<br /><br />3. No, high percentage feesThe industry norm for debt settlement companies is somewhere between 10%-20% of your debt. The debt settlement company will charge this to negotiate a debt burden reduction of somewhere up to 50% or more. If a debt consolidation company demands more than this, stay clear of them. It will be good if you shop around for the best debt settlement rates by comparing various offers.<br /><br />4. The debt settlement company should be listed with BBBBBB stands for better business bureau. It constantly scans various companies for business practices they follow and adopts only those who is ethically professional. By checking the BBB record of a debt settlement company you can guess how reliable it is. It will ensure that you are dealing with right, honest and professional people.<br /><br />5. Get feedbackAsk for previous clients of a debt settlement company, and contact him if possible. Lookout for friends, colleagues and associates who have undergone debt settlement in recent past, know their experiences , this would help you gain a better insight into debt settlement process and might provide you something which could save a lot for you.<br /><br /><span style="font-size:78%;">author : Duran Mueller </span>Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com1tag:blogger.com,1999:blog-5669715558535733084.post-65857817681102051382009-11-11T20:53:00.000-08:002010-01-31T20:59:46.196-08:00How and Where To Find Credit Card Debt HelpMost people have faced a financial crisis at least once in their lives, whether caused by illness, loss of work, or overspending. Remember however, that it is not impossible to overcome and the situation does not necessarily have to go from bad to worse. Consider your options and choose between realistic budgeting and credit counseling from reputable organizations, decide on debt consolidation, or file for bankruptcy. You may also consider debt negotiation as an option. The question, of course, is how you will know which one is the best for you, and your situation. It would, primarily, depend upon your level of accumulated debt, your capacity for self discipline, and your hopes and prospects for your future.<br /><br />Self-help steps like making a budget can be aided by some simple research. The local public library or bookstores is bound to have some information about budgeting as well as money management techniques. Computer software programs are available and can be excellent tools for maintaining a budget, balancing your checkbook, and planning your savings and debt repayments.<br /><br />Learn your rights under the FDCPA: The Fair Debt Collection Practices Act which regulates debt collector activities and protects the consumer. If you are behind on you mortgage payments, and foreclosure seems to be looming, contact a housing counseling agency. They generally offer free help to homeowners who are having trouble making payments. But be sure they are a legitimate agency, by calling the Department of Housing and Urban Development or the local housing authority in your area.<br /><br />Some of the better books available fairly easily today, from bookstores as well as online include The Total Money Makeover, by Dave Ramsey. It teaches you how to design a plan for paying down, and off, all your debt, to recognize dangerous money myths, and helps you build a nest egg for the future. The Automatic Millionaire by David Bach teaches you how to quickly and easily automate every aspect of your financial plan and stop worrying about your money. The Millionaire Next Door by Dr. Thomas J. Stanley and Dr. William D. Danko, teaches you to reevaluate your spending habits, and analyses the effect your career decisions can have on your financial profile.<br /><br />Credit counseling and debt management plans are a good option if you don’t have the discipline to stick to a budget, have failed in the attempt to work out a repayment plan with creditors, or simply lost all track of mounting bills. Many credit counseling organizations are nonprofit but that’s no guarantee that its services will be free, or affordable. Most counselors offer their services through local offices, online sites, or the telephone. Universities, military bases, and credit unions, housing authorities etc also operate credit counseling programs that can advise you on managing money and debts, help develop budgets and discuss a personalized plan to solve your money problems. In a Debt Management Plan, you would deposit a certain amount of money each month with the organization, which would use your deposits to clear your unsecured debts; credit card bills, student loans, medical bills, following a payment schedule developed with your creditors.<br /><br />You can also lower your cost of credit by a consolidation of your debt through a home equity line of credit or a second mortgage. These loans afford tax advantages not available with other credit facilities. However, you have to put up your home as collateral and you could lose your home in the event of inability to pay or late payments. Costs can add up too. The interest on the loan is sometimes increased by points, each of which is one percent of the total amount borrowed.<br /><br />Personal bankruptcy generally is the last resort of debt consolidation, with long-lasting effects on your future credit even though it can offer a fresh start. Under the new laws, you must get debt counseling from a government-approved organization before you file for bankruptcy relief. In short, whatever help you want to get to stabilize your finances, do your homework. Find out about services and costs, and get all promises in writing. Remember to read all contracts carefully<br /><br />Debt negotiation programs can be a risky option with long term impact on credit history. Your state Attorney General can give you more information about the rules and regulations.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-73705890046320006942009-11-09T00:58:00.000-08:002010-01-19T01:02:27.785-08:00Which is the best debt solution for you?If you are in profound debt and struggling to find a way out, opt for debt solution. None of the debt solution measures can eliminate all your debts. But it can certainly reduce your debt burden. Debt consolidations, debt settlement, bankruptcy, are some of the effectual debt solution measures. Not all the procedures will suit you. To choose the most relevant debt solution you should understand the different means of debt solution.<br /><br /><span style="font-weight: bold;">1. Debt consolidation: </span><br />Debt consolidation is the most accepted debt solution method. This process helps you to lower your interest rate and waive off the late fees. If you opt for debt consolidation, the debt consolidation company merges your multiple debt payments like the medical bills, credit card bills, unsecured debts and all other payments into one. You would have to make a single monthly payment to the debt consolidation company and the company shall pay your debts.<br /><span style="font-weight: bold;"><br />2. Debt Settlement: </span><br />This is the most effective means of debt solution. In fact it is an alternative solution to bankruptcy. The debt settlement company negotiates with all your creditors to reduce your payable amount to nearly 40% to 60%. This is the process by which you stop paying to the creditors but keep saving the money instead. After your have accumulated at least 50 % of the loan amount, your debt settlement company shall negotiate with your creditors. Even you can negotiate with your creditors while settling your debts. But if you are unable to do so certainly contact a debt settlement company. However it is very important to take the correct decision at the exact time, while opting for debt settlement. Be careful while selecting the correct debt settlement firm.<br /><span style="font-weight: bold;"><br />3. Bankruptcy: </span><br />While opting for debt solution, if all other options fail, you can file a bankruptcy. It is the easiest way to reduce or eliminate debts<br /><br />. When all other options, to come out of the debt phase are closed, you can declare yourself as a bankrupt. Basically, it is a legal process in which the person or the company declares that he is unable to pay his debts. The process of bankruptcy helps them to eliminate their debts or repay them under the protection of the bankruptcy court. The total number of bankruptcies in US is at a rise. Recently 1,794,795 number of people have been discovered to be bankrupt.<br /><br />Despite having several advantages, bankruptcy should be avoided. If you are declared a bankrupt, then it will be reflected on your credit report for at least 10 years, from the day when you have been declared a bankrupt. Bankrupt people cannot easily purchase or rent a home or purchase insurance. Personal Bankruptcy can spoil your social status to a great extent.<br />Though you can pick up a debt solution process yourself , but always contact a financial expert before opting for a reliable debt solution.<br /><br /><span style="font-size:78%;">written by Jason Holmes</span>Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-70052407612003163252009-11-05T01:24:00.000-08:002010-02-02T01:33:22.067-08:00Advice Debt Dictionary index B<div class="separator" style="clear: both; text-align: center;"><a href="http://advicedebt.blogspot.com/2009/11/advice-debt-dictionary-index-b.html" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVJFX4h5SIFaQ6f-y2yqImYJF9GyxKVNumow2SooY1TDqWSxPaIKuseLqpLUDOIGJR61zwGaxPY2Nxgf2-Me_J3R8jwgb-BvA6P_859m4y2su7GwjF2K7uz9HwE_unErm9U_Coz2jaO3w/s320/bussines.jpg" /></a></div>• <b>Block Trading</b><br />
Trade in large quantities (block trading) is the number of shares trading for at least 200 (two hundred) thousand shares.<br />
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• <b>Bluechips</b><br />
Often translated as seed stock. Usually indicates the company's shares that have good reputations and easily traded in the stock market because a lot of demand.<br />
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• <b>Balance sheet</b><br />
Reports that the company's financial balance sheet shows a state of wealth, debt and capital as of a certain date.<br />
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• <b>Bearish</b><br />
Condition of the stock when the price of stocks, bonds, and commodities are traded off in a long time.<br />
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• <b>Bid</b><br />
Offer submitted by prospective buyers of shares. Called the bid price bid price.<br />
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• <b>Bond</b><br />
Another term for bonds. Letter of evidence of long-term debt of the issuer, typically over three years. Each period the owner of this letter can redeem the coupons attached to earn interest from the issuer, until maturity when the company must repay her debts. Bond can be bought and sold on stock exchanges.<br />
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• <b>Bullish</b><br />
Opposite of bearish. Condition of the stock when the price of stocks, bonds, and commodities are traded up in a long time.<br />
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• <b>Buyback</b><br />
Issuers sometimes do Buyback or repurchase of shares outstanding with a view to increasing income per share and its market price at the same time.<br />
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• <b>Broker</b><br />
The other brokers. Individuals or companies who act as intermediaries buy and sell on the effects issued by the company (issuer) to obtain recompense.<br />
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• <b>Book value</b><br />
Enterprise value is calculated from the total assets minus the property did not materialize, reduced debt and the nominal value of preferred stock.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-91533986534946525402009-11-02T01:04:00.000-08:002010-02-02T01:24:16.207-08:00Advice Debt Dictionary index A<div class="separator" style="clear: both; text-align: center;"><a href="http://advicedebt.blogspot.com/2009/11/advice-debt-dictionary-part-one.html" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQuM70LENpS9AeaTnv4x1UtVPYE680-xzw_fzuEYdbIdf2HllCHPD0rM5cPBDU6dgPedoXpRu665qG2WYsCW2_S6bQ8vHq2K3zMNQrs9an0mXKWGbnSayju_vcEnslXtjf8o2Kxeesqww/s320/credit+balance.jpg" /></a></div>• <b>Active Market</b><br />
Trade a large volume of shares under the bid price and demand price ranges narrow.<br />
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• <b>Acquisitions</b><br />
Company takeover by another company through the purchase of shares.<br />
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• <b>Annual report</b><br />
Financial report within one year (see Financial Report) and have received shareholder approval by the Shareholders' General Meeting (AGM).<br />
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<div class="separator" style="clear: both; text-align: center;"></div>• <b>Arbitration</b><br />
By doing arbitration, investors can take profits from price differences that occur because of the same securities traded on two or more markets by the absence of additional risk.<br />
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• <b>Auction Market</b><br />
Formation of the regular market price is a bargain way (auction market) is continuously on the basis of market forces.<br />
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• <b>Administration costs</b><br />
no reply for some agent, some to the administration as a checking account, messenger, and others.<br />
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• <b>Acquisition costs</b><br />
Is the initial cost of the company specified as an initial fund clients, to coveragenya, for salary employees (non-agent / agency), corporate operations, etc.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-30273630309446007832009-10-21T22:11:00.000-07:002010-01-31T22:19:11.664-08:00How to eliminate credit card debtMost people don't even want to know how much they owe on cards. They don’t even open the statements, not wanting to know how long it will take to pay off. The worse it gets, the more they want it to disappear. But the only way it will disappear is if you pay it off and get rid of it. It won’t go away if you ignore it , it will just grow. You will have to make sacrifices and change your lifestyle to truly manage credit card debt elimination.<br /><br />To begin the process, the first thing you must do is to start paying them more than just the minimum payment. If you only make minimum payment, you are costing yourself thousands of dollars in interest. Save money and time by putting in a small amount, say ten dollars, extra. Try to cut back on other things and put all the extra cash towards your credit card bill. If you have good credit, consider switching your balance to lower rate credit cards. Many cards offer zero percent interest for up to a year on balance transfers and some give you a low fixed rate for several years. But you have to make every payment on time, or you will have to pay the default rate of close to 30%.<br />In addition, cancel your old credit card so that you don’t charge on it. If you have more than one credit card, make a list of your cards in the order of highest interest rate to lowest interest rate. Pay minimum payment on all except the number one on the list. Put all the extra money towards paying off that card. When the highest interest one is paid off, combine the money freed by that and start on the second card on the list. This is the snowball method. The more cards you eliminate, the more you have to pay off the next card and, by eliminating higher interest cards first, you save a lot on interest.<br />True credit card debt elimination only happens after you have paid off, cut up the cards and closed all your credit card accounts. Paying off the balance, without closing the account, allows temptation to creep in; allows every little thing to become an emergency. Close the account and cut up the card. Eliminate any possibility of going back into debt. Credit card debt elimination is not easy but it certainly is worth it.<br /><br />If you don't have good credit, you can call your own credit card issuer and ask for a lower interest rate and try to negotiate a repayment plan. Keep calling back every fifteen minutes. Every time you hear a no, hang up and call again in 15 minutes. You will be speaking to a different customer service executive. Simply tell the person you speak to that you are having financial difficulties, and you will need to negotiate a lower monthly payment or file for bankruptcy. Many creditors will work with you if you are upfront and honest because they do want to recover their money. But if you fail to follow the deal, they will probably take action and impose a higher interest rate and massive late fees.<br /><br />If you find that you do not know how to go about these things, or would prefer professional help, consider hiring debt management services. A professional would help you identify your spending habits, income, and expenditure, look at the types of finance credit cards, store cards, loans, overdrafts, or mortgages. After they have assessed your situation, he or she can recommend ways of managing your debts.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-17679248220523157252009-10-19T00:19:00.000-07:002010-02-02T01:00:57.979-08:00Debt dictionary<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBdBYtvWC62ALKm5jG7TCCR73LwH8tAC9bw7ihXmDOIsp3CeC4MlJYxZBm1WveVTltWMBMIBrPkt91XExsBhXysZfEDCtJR6-uCUP5gSu3mqJBd_s6y-eTHF_R5QCrHo65NDeAuKZunOs/s1600-h/dictionary.jpg" imageanchor="1" style="clear: left; cssfloat: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="132" kt="true" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBdBYtvWC62ALKm5jG7TCCR73LwH8tAC9bw7ihXmDOIsp3CeC4MlJYxZBm1WveVTltWMBMIBrPkt91XExsBhXysZfEDCtJR6-uCUP5gSu3mqJBd_s6y-eTHF_R5QCrHo65NDeAuKZunOs/s200/dictionary.jpg" width="200" /></a></div><span style="font-weight: bold;">Administration Order</span>: An administration order is a scheme that could protect you from creditor demands if you have at least one County Court Judgement against you and less than £5,000 of combined debt, spread across two or more creditors. Under an administration order, you would make a monthly payment to the court, who will then distribute that money on a pro rata basis amongst your creditors.<br />
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<span style="font-weight: bold;">APR</span>: A measurement of interest that is applied to loans and other financial products.<br />
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<span style="font-weight: bold;">Arrears</span>: If you fall behind with the contractually agreed payments of any debt, such as a loan, mortgage or utility bill, then your account is considered to be in arrears.<br />
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<span style="font-weight: bold;">Assets</span>: Assets are items that you own with some form of monetary value. This could include your home or any other property, your car, any savings, stocks, shares or antiques.<br />
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<span style="font-weight: bold;">Attachment of Earnings Order / Attachment of Benefits Order</span>: If a creditor has obtained a court action against you and you fail to make the required payments, your creditor can seek to enforce the judgement with an Attachment of Earnings Order. This order instructs your employer to make deductions from your salary in order to pay the debt. Your employer sends the money directly to the court and they are entitled to charge an administration fee of £1 for every deduction to cover their costs.<br />
An Attachment of Benefits Order works on a similar principle, deducting money from a debtor’s benefit entitlements.<br />
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<span style="font-weight: bold;">Bankruptcy</span>: Bankruptcy is a legal procedure in which the majority of an individual’s debts are written-off although the debtor will be forced to give up control of any assets that they may possess, including their home.<br />
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<span style="font-weight: bold;">Bankruptcy Order</span>: A Bankruptcy Order is the process of dealing with debts that cannot be paid. The official receiver is responsible for the administration of bankruptcies.<br />
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<span style="font-weight: bold;">Bankruptcy Petition</span>:A Bankruptcy Petition is a formal document, usually issued by the debtor himself/herself or by a creditor, and submitted to the court in order to obtain a Bankruptcy order.<br />
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<span style="font-weight: bold;">Consumer Credit Act</span>: The Consumer Credit Act 1974 is the act of parliament which regulates credit services in England and Wales. Various amendments have since been made to the act, most notably in 2006.<br />
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<span style="font-weight: bold;">Credit Reference Agency</span>: An agency who maintains and monitors records of individual financial histories. These agencies are often consulted by lenders to vet potential customers.<br />
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<span style="font-weight: bold;">Credit Card</span>: A form of payment that offers the holder regular access to a pre-agreed level of credit.<br />
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<span style="font-weight: bold;">Creditor</span>: A party (be it an individual, organisation or government body) that offers credit or services to a debtor. The creditor typically asks for repayment to be made at a later date.<br />
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<span style="font-weight: bold;">Credit Union</span>: A cooperative financial institution that is mutually owned and controlled by its members. They typically offer services to individuals with a “common bond”, such as the place in which they live, their job or even their religion. Credit Unions traditionally exist to promote responsible financial management and offer competitive products or services to those who may find it difficult to access mainstream services.<br />
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<span style="font-weight: bold;">County Court Judgement</span>: A County Court Judgement or is a judgement issued by the court in order for you to make payments towards any debt that you owe to a creditor. A court will make a judgement only when you have failed to keep to an original agreement with the lender and not made any attempts to come to an agreement for repayment. For more information, read our CCJ Guide.<br />
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<span style="font-weight: bold;">Citizen’s Advice Bureau</span>: Citizen’s Advice is a charity that offers free, independent advice on a wide range of issues including debt and financial matters.<br />
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<span style="font-weight: bold;">Consumer Credit Counselling Service</span>: Currently the largest debt charity in the UK. The CCCS exists to provide free, independent help and support to people in financial difficulty.<br />
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<span style="font-weight: bold;">Debit Card</span>: A card that allows the holder to withdraw money or to have the cost of purchases charged directly to a nominated bank account.<br />
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<span style="font-weight: bold;">Debtor</span>: A debtor is an individual or company that is in debt to another individual or company (the creditor).<br />
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<span style="font-weight: bold;">Default</span>:When scheduled or agreed repayments of a debt have been missed, it is known as a default.<br />
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<span style="font-weight: bold;">Default Notice</span>: A default notice is a formal letter that a lender sends to you when your account is so far in default that they consider your relationship with them has broken down. This is typically when an account is between three and six months in arrears and a record of this will be held on your credit file for six years.<br />
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<span style="font-weight: bold;">Debt Management Plan</span>: A plan or repayment schedule agreed with creditors for paying off your existing debts.<br />
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<span style="font-weight: bold;">Equity</span>: Equity is the difference between the market value of an asset, such as a property, compared to the amount of finance that is currently secured on it. If the total sum of any credit secured on a property (such as a mortgage) is higher than the value of the property itself, it is known as negative equity.<br />
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<span style="font-weight: bold;">Final Discharge</span>: A finial discharge is a formal document that indicates that you have completed a bankruptcy and that all debts have been cleared.<br />
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<span style="font-weight: bold;">Guarantor</span>: A guarantor is an individual or organisation that has ensured a creditor that a debt will be repaid. If the debtor fails to meet their obligations, the guarantor becomes liable for the debt.<br />
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<span style="font-weight: bold;">Hire Purchase</span>: An agreement whereby a company leases goods to a customer, with ownership of the goods passing to the customer at the end of the lease period.<br />
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<span style="font-weight: bold;">Income Payments Order</span>: During bankruptcy, a trustee could issue an Income Payments Order if he/she believes that the debtor can afford to make a regular contribution into the bankruptcy.<br />
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<span style="font-weight: bold;">Informal Arrangement</span>: An informal arrangement is whereby you agree an alteration to your repayment terms with your creditor without the assistance of a third party.<br />
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<span style="font-weight: bold;">Insolvent / Insolvency</span>: When a debtor does not have the finances sufficient to service their debt, they are considered to be insolvent.<br />
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<span style="font-weight: bold;">Insolvency Practitioner</span>: An individual who has recognised qualifications to deal with insolvency issues.<br />
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<span style="font-weight: bold;">Interest</span>: Interest is a percentage charge that is applied to the majority of loans, mortgages and other financial products. This is usually advertised as the APR or Annual Percentage Rate.<br />
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<span style="font-weight: bold;">IVA (Individual Voluntary Arrangement)</span>: An Individual Voluntary Agreement is a formal arrangement between a debtor and his/her creditors relating to the repayment of debts totalling in excess of £15,000. It is widely considered as a more favourable alternative to bankruptcy.<br />
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<span style="font-weight: bold;">Joint & Several Liabilities</span>: When you take out a credit agreement, such as a loan or overdraft in partnership with another person (such as your partner) then you both become liable for the full amount of the debt. If one party fails to make their payments, any other persons named on the agreement are fully liable.<br />
Lender: A person or company whom lends you money, usually a bank, building society or credit card company.<br />
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<span style="font-weight: bold;">Liabilities Order</span>: A liabilities order is issued if a council tax debt remains unpaid for a period of 28 days after the payment deadline. It is an application to the court that could allow the council to deduct payment from a debtor’s income or benefits. A liabilities order also enables the council to instruct bailiffs to remove property to the value of the debt or to declare you bankrupt.<br />
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<span style="font-weight: bold;">Loan</span> : A loan is an agreement between a borrower and a lender that allows the borrower to access a cash lump sum, to be repaid over an agreed period of time. Loans can either be unsecured, where the lender has no form of security in the event of non-payment, or secured against an asset. In this case, the borrower offers an asset, typically their home or car, as a guarantee against non-payment.<br />
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<span style="font-weight: bold;">Order of Discharge</span>: A court order that results in the discharging of a bankruptcy.<br />
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<span style="font-weight: bold;">Property Restriction</span>: During an IVA, a creditor may insist on a property restriction being placed on your home. This could require you to release some equity in your property at the end of the IVA term. Any property restriction would be noted by the Land Registry and would prevent you from selling your property whilst the IVA is in effect.<br />
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<span style="font-weight: bold;">Proof of Debt Form</span>: A form the creditor can submit to state their claim to any monies owed in an IVA or bankruptcy<br />
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<span style="font-weight: bold;">Right to Offset</span>: This can apply in situations where you hold a current account and a credit card or loan with the same lender.<br />
Should your credit card or loan accounts fall into arrears, your bank can use funds from your current account to bring your debt repayments up to date. They do not need your authorisation to do this.<br />
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<span style="font-weight: bold;">Repossession</span>: Repossession refers to the process in which a lender regains possession of a property that was used as security by a borrower who has since defaulted on their debt.<br />
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<span style="font-weight: bold;">Secured Debt</span>: A secured debt is described as any form of borrowing, typically a loan or mortgage, in which the borrower offers an asset as some form of security, such as a property of car. In the event of a debtor defaulting, the lender may repossess that asset.<br />
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<span style="font-weight: bold;">Statutory Demand</span>: A statutory demand is a legal document that requires a debtor to pay an outstanding debt, either in instalments or as a lump sum, or to secure it against a property. The debtor has 21 days to pay or take any appropriate action, after which point a bankruptcy petition may be issued.<br />
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<span style="font-weight: bold;">Time Orders:</span> If you are suffering from temporary financial difficulty, a court may issue a time order. This allows them to make changes to your credit agreement which could, for example, result in reduced interest or monthly repayments.<br />
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<span style="font-weight: bold;">Token Payment</span>: When you are unable to service your debts in full, it may be necessary to make a reduced “token” monthly payment. This could be as little as £1 per month.<br />
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<span style="font-weight: bold;">Trustee</span>: The insolvency practitioner who will oversee an IVA, Trust Deed or bankruptcy.<br />
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<span style="font-weight: bold;">Unsecured Loan / Debt</span>: A loan or other form of credit that is not secured against any asset. In the event of a default, the lender has no form of security.<br />
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<span style="font-weight: bold;">Variation Order</span>: When a CCJ has been ordered but, due to unforeseen circumstance the debtor is unable to make the required payments, an application to vary the payments can be made.<br />
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<span style="font-weight: bold;">Warrant of Execution</span>: When debtors have failed to meet the payments required by a CCJ and no variation orders have been made a warrant of execution may be issued that enables bailiffs to enter a property and recover goods to the value of debt.<br />
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<span style="font-weight: bold;">Windfalls</span>: Any assets that the debtor acquires or inherits whilst in an IVA or bankruptcy will go towards repaying the debt.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-53213263533099922932009-09-18T22:24:00.000-07:002010-01-31T22:29:17.750-08:00What happens when you begin to delinquent credit card debt?<span id="result_box" class="long_text"><span style="background-color: rgb(255, 255, 255);" title="Hal yang terjadi ketika menunggak utang di kartu kredit, Mulai dari Telepon Teror Hingga Daftar Hitam" onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">This happens when the delinquent debt on credit cards, Start Up of Telephone Terror Blacklist<br /></span><span style="background-color: rgb(255, 255, 255);" title="- Menunggak 1-3 bulan" onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'"><br /><span style="font-weight: bold;">- 1-3 months in arrears </span><br /></span><span style="background-color: rgb(255, 255, 255);" title="Lembar tagihan akan terus datang dengan bunga yang membuat utang makin membengkak." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">Invoices will continue to come with flowers that make debt more swollen. </span><span style="background-color: rgb(255, 255, 255);" title="Telepon dari bagian collection atau penagihan akan sering berdering di selular, telepon rumah dan kantor Anda." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">The call from the collection or billing will often ring the mobile, home phone and your office. </span><span style="background-color: rgb(255, 255, 255);" title="Bersiaplah dengan nada ketus (bahkan kadang kasar) dari para penagih yang bisa membuat Anda sakit hati." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">Be prepared with a curt tone (sometimes even violent) from the collector who can make you hurt. </span><span style="background-color: rgb(255, 255, 255);" title="Kebanyakan orang memilih tidak mengangkat telepon atau mengatakan pada rekan dan orang di rumah bahwa Anda tidak ada di tempat." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">Most people choose not to answer the phone or tell colleagues and people at home that you are not in place. </span><span style="background-color: rgb(255, 255, 255);" title="Begitu pula jika debt collector datang menagih ke rumah atau kantor." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">So was when debt collectors come to collect the home or office.<br /></span><span style="background-color: rgb(255, 255, 255);" title="- Menunggak 4-5 bulan" onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'"><span style="font-weight: bold;">- 4-5 months in arrears </span><br /></span><span style="background-color: rgb(255, 255, 255);" title="Surat dari bank akan datang." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">Letter from the bank will come. </span><span style="background-color: rgb(255, 255, 255);" title="Surat ini berisi pemberitahuan bahwa jika Anda tidak punya itikad baik untuk membayar utang, dengan amat menyesal nama Anda akan dimasukkan ke daftar hitam Asosiasi Penerbit Kartu Kredit dan Bank Indonesia." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">This letter contains a notice that if you do not have good faith to pay debts, with great regret your name will be added to the blacklist Publishers Association of Credit Card and Bank Indonesia. </span><span style="background-color: rgb(255, 255, 255);" title="Debt collector makin rajin mendatangi Anda." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">More diligent debt collectors come to you. </span><span style="background-color: rgb(255, 255, 255);" title="Namun, pihak bank juga akan mulai menawarkan program keringanan berupa cicilan selama 20-36 bulan atas total utang Anda." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">However, the bank also will begin offering a mortgage relief program for 20-36 months for a total of your debt. </span><span style="background-color: rgb(255, 255, 255);" title="Biasanya program yang ditawarkan masih terasa berat." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">Usually offered programs still feels heavy.<br /></span><span style="background-color: rgb(255, 255, 255);" title="- Menunggak lebih dari 6 bulan" onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'"><span style="font-weight: bold;">- Arrears of more than 6 months </span><br /></span><span style="background-color: rgb(255, 255, 255);" title="Bank kembali menawarkan program cicilan utang atau penurunan suku bunga (misalnya dari 3,5% menjadi 1,2%) dan pembayaran utang tetap bisa dicicil." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">Bank re-offer debt repayments or interest rates decrease (eg from 3.5% to 1.2%) and fixed debt payments can be repaid. </span><span style="background-color: rgb(255, 255, 255);" title="Jika Anda punya uang tunai, di sinilah waktunya Anda mengajukan permohonan pelunasan utang dengan potongan 30-50%." onmouseover="this.style.backgroundColor='#ebeff9'" onmouseout="this.style.backgroundColor='#fff'">If you have some cash, here is the time you apply for debt repayment with 30-50% discount. </span></span>Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-2444125378440950242009-08-18T22:33:00.000-07:002010-02-01T01:31:29.203-08:00Reducing Credit Card Debt Using The Snowball Method<div style="text-align: center;"><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/MCPpzfGorjE&hl=en_US&fs=1&rel=0"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/MCPpzfGorjE&hl=en_US&fs=1&rel=0" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object></div>Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-35550640983379052562009-08-18T20:55:00.000-07:002010-01-18T21:02:48.977-08:00When the couple were in debtSometimes the source of the tangled financial problems did not always come from our own. We also often can not escape the hand when the people closest to us in debt.<br />The bad again, this couple's financial problems are often the main problem that causes damage to relationships that have been nurtured, not a few couples who met with financial problems that choose to separate because they can not stand the frequent partner in debt. Therefore, before this problem occurs, there should refer to some tips for addressing the couple who were in debt.<br /><span style="font-weight: bold;"><br />Financial Condition honest </span><br />Honest attitude toward the couple not only need to apply in social life. In any financial problems, honesty and openness is also important to implement. Mutual disclose how many assets each, how much revenue generated per month and how much spending, too, including how much and what loan or debt burden that still must be repaid, may be the initial step of openness that can be done.<br />Although reveal about the ownership, honesty is not necessarily a weapon to use the assets to cover debt partner in the future. But honesty and openness is more intended to allow each partner to understand the financial capabilities of each. Thus the correction will be material to the debt problem at hand. Also be a reference to determine the next steps to resolve the debt problem in this together.<br /><span style="font-weight: bold;"><br />Joint Budget Design</span><br />After the data on assets and income-expenditure budget is obtained, which needs to be done then is to think about the budget draft him. Put all thoughts, considerations and options to find a way out of this debt problem. For example, by determining the scale of spending priorities, calculate the income-expenditure budget in detail, looking for other income alternatives and make the option to delete some expenditure items.<br />Remember! With or without marriage, your spouse is the closest person who needs your help when he was tangled problem. Therefore, do not always think that you are burdened with all these issues before you to help find a way out.<br /><span style="font-weight: bold;"><br />Remind More</span><br />Maybe one day, you'll also affected by debt problems of the couple. For example, you have joined in order to save money aside for future investment. Throughout the couple comply with the rules that have been defined together, no matter if you have to share the burden it. But once the couple did not comply with the budget, immediately scolded and reminded that you are also burdened because ulahnya.<br />If necessary, ask the reason why he was back in debt again. Then try to remind the more actively involved in her life. For example, if the reason he was swiping a credit card because it can never say no to hanging out. Maybe it's time you come hang out with the him and his friends. If the reason he could not resist spending, limit the travel schedule to the mall. Or the couple can not say 'no' to friends who owe him. That way you can act as a reminder and a spokesman for the couple could not say "no".<br />Or sometimes you engage in hobbies or traveling show, so you can always remind him to comply with the principles that have been created together. Do not hesitate to engage with the side of the life he previously did not you touch. Once again, this is a problem with you and your partner.<br /><span style="font-weight: bold;"><br />Resolve Debt</span><br />When the couple were in debt, as a good partner you also have to be rational to settle the debts he had. Do not always blame or wash your hands because the debt was not for your purposes. But find out the reason why he owes and think that the debt needs to be resolved so as not to accumulate in the future.<br />In order not mounting, assured the couple that the debt must be repaid to the bottom. Do not just pay the minimum payment. For example, the minimum payment was 600 thousand, it should pay 650 thousand. That way the debt principal is also slowly decreased and was not impressed at the way the place. If budget allows, pay the debt repayments as well.<br />Also prioritize spending to cover the debt. If possible finish all the installments as scheduled. If it is not possible or too large debt repayments, then prioritize the largest debt repayments. By completing the most debt will further reduce the burden of expenditure.<br />And do not ever make a new debt to cover old debts. This will make a couple more consumption and debt to trivialize this issue. If you need to sell assets that can be sold quickly. Maybe it sounds dear, but it will be a valuable lesson for the him. That before starting the habit in debt, which must consider the risk of losing assets?<br /><span style="font-weight: bold;"><br />Lifestyle Change</span><br />Most people who have a lot of consumer debt, having the wrong lifestyle. For example, couples prefer to shop at exclusive boutiques in department stores than with masalnya products. Or more like hanging out in cafes than to week end at home.<br />If it were so, try to discipline the bad habits. But that does not mean we are trying to remove the extreme habit. First, let him take himself what he had done. And show by your calculation that the habit will hurt your future plans together. For example, the two of you plan to buy a home will be the longer materialize, or children's education costs will also trimmed, the risk of losing assets, danseterusnya.<br />It is expected that it would arise the awareness of her. If we play forbid what is clearly wrong according to us, which happened exactly the stealth he owed, and we secretly paid. If you have this, even so a vicious circle only. Was never completed.<br /><span style="font-weight: bold;"><br />Credit Card Wisely</span><br />Often the debt problem caused by the twisting credit card use is not wise. Before that happens, we need to know the principle of using credit cards wisely. Here are some principles of the use of credit cards should be instilled in our minds.<br />- The credit card is not a substitute for cash instruments, but he is only one facility for purposes that do not pay too covers cash in the wallet.<br />- Credit cards are also not necessarily be taken anywhere because it will make us easy to use.<br />- We recommend that you use only a credit card to pay for things that are very important, as if there is a need to travel suddenly, there was a sick family member or an accident, and so on.<br />- Complete the installment as soon as possible and do not delay because the credit card interest rate will also continue to grow.<br />- Do not be tempted ongoing promo! As a special discount which was held at the department store or restaurant. Although the impression can be much more expensive, but it will make us become consumptive.Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0tag:blogger.com,1999:blog-5669715558535733084.post-7625683704008264852009-08-11T22:31:00.000-07:002010-01-18T22:32:46.678-08:00How to Stop Credit Card Debt<div style="text-align: center;"><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/6tqikicm3kc&hl=en_US&fs=1&rel=0"><param name="allowFullScreen" value="true"><param name="allowscriptaccess" value="always"><embed src="http://www.youtube.com/v/6tqikicm3kc&hl=en_US&fs=1&rel=0" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object></div>Adminhttp://www.blogger.com/profile/07497473373166488703noreply@blogger.com0