11 Secrets to Paying Off Credit Card Debts

The current growth of UK debt is £1million every 8 minutes and we all contribute a Stonking £263 million in interest a day. There is currently 27 ... card debt in the UK for September 2008 was £55.7 billion and the average adult in the UK ... consolidation is the solution of last resort unless it is the only option available to you due to the lack [more...]

Date: 2008-12-19 03:01:13

Blog posts (147) | Videos (1)
 

Debt Consolidation

  Are you concerned about your personal finances, and especially your debt, in this current economy? ... Consolidation: taking multiple debt or credit lines and consolidating them into one new payoff plan ... with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also [more...]

Date: 2008-11-20 21:04:14

Getting Out Of Credit Card Debt

Now that the nation is fully aware of how much debt we are facing as a country and individuals the time has come for each person to address their own personal finance demons.  The one thing that commonly holds consumers back from achieving their financial goals is high interest credit card debt.  Statistics vary on how much debt each household is currently carrying but the sad truth is many people are living paycheck to paycheck just trying to make ends meet.  When credit card payments [more...]

Date: 2009-09-07 06:00:00

Yet Another Reason to Hate the IRS (and OCC)

Photo by SC Fiasco As if it weren't hard enough to get banks to offer workouts to overindebted consumers! ... lenders want to forgive significant portions of credit card debt that borrowers can't currently repay ... to expand credit card debt forgiveness. According to the Financial Services Roundtable (whom I don't [more...]

Date: 2008-10-30 20:11:13

The Kangaroo is Still Hopping

T oday was one of those days when a couple of trends came together that should be making us think seiously about changing our current fiscal and monetary policies. The first thing I was was this debt chart from John B Taylor that shows how our current policy will effect the national debt. Projected national nebt as a percentage of GDP This what you call your unsustainable debt path. [more...]

Date: 2009-09-25 03:07:24

Investing Now vs. Removing Debt

Recently, I got a visit from a friend and he revealed his current financial status to me ... the safer road – debt removal. The reasons being: The ability to clear debt is 100% certain. In our current economic state, the stock market doesn’t guarantee a positive return. Removal of debt relieves [more...]

Date: 2009-01-03 22:38:45

Musings on a Post-Credit World

Musings on a Post-Credit World Air pockets in valuations can make old calculations meaningless ... have focused on was the absurdity of loading debt onto a newspaper company in the current environment ... improve and that the debt could be rolled over at lower costs after that happened. Will private [more...]

Date: 2008-12-08 22:20:52

Ten Things to Do With $1,000 (Plus 21 More)

If you’ve suddenly come upon $1,000 you didn’t have the day before, you may get the urge to celebrate ... your student loan debt. This month, I again increased my monthly payment to my student loan debt. This student loan is currently the only debt I have, and I no longer qualify for a tax reduction [more...]

Date: 2008-09-15 12:00:04

What Are The Major Benefits Of A Credit Card Debt Settlement Program?

45th Street, Manhattan, New York City Image via Wikipedia Debt Settlement is becoming one of the best systems for consumers to reach debt ... settlement as a means to get out of debt is due to the hard economic predicament we are currently going ... debt is something that can seriously weigh down on Americans monthly finances, and debt settlement [more...]

Date: 2008-11-11 19:51:57

The Irony of Bankruptcy. The More You Have The Better It Is.

I came across an article by Ann Woolner, “Buy a Beach House for Shelter When Going Bankrupt” that was absolutely spot on ... credit-card debt. You can modify student loans. You can modify debt on a yacht,” points out Levitin ... . “Current law permits modification of any type of debt in bankruptcy except for a single-family [more...]

Date: 2008-10-17 14:54:46

Ravitch Commission’s MTA Funding Report Released

The NY State Commission on MTA Financing, led by former MTA chair Richard Ravitch, has released its report (available on TSTC’s website) outlining a comprehensive proposal to save transit riders from the agency’s doomsday scenario, put ... the debt for current and future MTA expansion projects, relieving the debt pressure on the MTA’ [more...]

Date: 2008-12-05 18:50:18

Debt Consolidation May Help in Times of Need

Just earlier, I have read news about a couple of call centers in the United States and a about three department stores in the United Kingdom that ... place to start. They have debt consolidators that can help you answer your questions, consolidate ... people who lost their jobs currently have debts to pay quite common of which is the rental debt [more...]

Date: 2009-01-12 10:34:07

How To File for Bankruptcy If You Are An Individual

Here is a quick guide to how to file for bankruptcy if you are an individual. -  Contact a reliable bankruptcy attorney . -  Bring along all your financial papers including outstanding bills, bank statements,paycheck stubs from the most recent six months, copies of mortgages and car loans and tax returns to your first meeting with your bankruptcy attorney. -  Your bankruptcy paperwork, called a petition, must list every debt you currently owe. [more...]

Date: 2009-09-26 14:22:34

10 Life and Money Lessons Learned from Immigrant Parents

By Vincent Scordo My parents were both born in Southern Italy where unemployment is high and quality of life is superb. My mother, Annunziata, made it to the 7th grade and my father, Tommaso, has the equivalent of a technical high school diploma. Both of my parents immigrated to the US in 1975 and are currently debt free, own their own two-family home, and have plenty of cash in savings. They are, in many ways, leading the American dream – by not adopting the principles of American consumerism. [more...]

Date: 2009-09-21 14:00:04

Superior Debt Relief

Superior Debt Relief Posted on July 21, 2008 Filed Under Debt Consolidation | Leave a Comment Typically people in need of debt settlement are ... is a good first step. Please note that the term debt negotiation is also known as debt arbitration or debt ... can easily turn things around. But if you find yourself overwhelmed with your current debt load, [more...]

Date: 2008-07-21 04:26:14

Dealing With Third Party Debt Collectors

Currently, the American penal system doesn’t feature debtors’ prisons. We’re not living in Victorian times ... individuals from invasive debt collection practices. These include statutes of limitations, which say ... after the original lender has sold them to a collection agency. In states such as California, statutes [more...]

Date: 2008-07-03 13:13:03

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

By Edward Hugh: Barcelona Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in ... on consumer spending financed by debt," Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany [more...]

Date: 2009-01-09 08:37:43

BAILOUT OF BUSH ECONOMIC FAILURE NOT WARRANTED

OpEdNews Original Content at http://www.opednews.com/articles/BAILOUT-OF-BUSH-ECONOMIC-F-by-Allen-L-Roland-080923-887 ... under a mountain of unsustainable debt and the worst is yet to come. As Martin Weiss of Money ... that the current debt crisis in America originated in the mortgage market, it is not accurate to say [more...]

Date: 2008-09-23 17:13:01

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... by debt,"Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany is extraordinarily misplaced [more...]

Date: 2009-01-09 08:36:00

Putting Out Fires During Noah's Flood, Or Eyeless In Gaza Part II

Paul Krugman had a short post recently drawing attention to a rather foolish and ill-thought-outstatement originating in the mouth of German Finance ... by debt,"Apart from the point Krugman wants to implicitly make about interest rates, the point about consumer debt in a current account surplus economy like Germany is extraordinarily misplaced [more...]

Date: 2009-01-09 07:57:00

No Home Equity Often Means No Health Care

Many people have dealt with rising healthcare costs by borrowing against their home. Now that’s gotten tougher, and so is paying the medical bills ... scrapes and stumbles led them to amass a pile of credit card debt and forced them to refinance ... because of medical issues. The connection between medical debt and the current credit crisis isn’ [more...]

Date: 2008-10-28 15:09:05

Declare Bankruptcy, or Tough It Out?

One of our readers, Jill, had this question for us: Mr. Credit Card, We have kept up all our payments and haven’t been 30 days late in 5 years ... us any? We currently owe 38,000 in unsecured debt, 116,000 on two mortgages on our home which is valued ... go about taking that path first, then we’ll look at the reverse situation. Right now, you are [more...]

Date: 2008-11-11 09:45:44

Party Favors: Ring A Ding Ding

VIRGINIA CITY - Not every woman working at the Bunny Ranch is an HBO star ... before they question the point of living if your waking hours are spent punching the clock and getting deeper in debt. Currently Dennis Hof has Natalie Dylan offering up her virginity to pay [more...]

Date: 2008-12-08 05:55:17

Look Back at 2008

It is hard to believe I’ve been writing here almost a year! Let’s look at how I did with my 2008 goals ... . Now I am with a new company and not eligible for 401K yet. * Reduce IRS debt to $3,000 FAILURE This one is killing ... . *Reduce CC debt to under $15,500 by December 2008 DONE In fact, my cc debt is currently $14,500 [more...]

Date: 2009-01-02 05:16:00

Taking A Wise Step on Debt Consolidation

Talking about recession and credit for a while take me further to browse about how many people are currently getting an overwhelming debt situation ... to do. And after a while i found the good information on deb consolidation company which will give you any wise ... will bring you soon to your goal, debt consolidation. [more...]

Date: 2009-01-14 23:54:55

Exelon Lowballs Warren Buffett in NRG Bid

Warren Buffett didn’t get where he is by buying low and selling lower. But that is what Exelon is asking the billionaire investor to do ... for NRG in a short-lived hostile attempt in May 2006. Consolidation in the sector is much expected. UBS ... as the strongest among its rivals for its beefy cash position–the company can cover its current debt and [more...]

Date: 2008-10-20 15:21:56

huge tarp nothing more than a band aid

With its share price under renewed pressure, it looks as though CitiGroup is again on the verge of bankruptcy, ... s stop the charade and fully nationalize the company, including: The removal of the current ... . A wipeout of existing stakeholders, debt and equity alike. Forced write-down of bad debt.” Yahoo [more...]

Date: 2009-01-11 14:14:46

Don’t Make Credit Decisions Based On Last Year’s Recommendations!

When I was taking a political science class in college, we learned about the problem of “fighting the last war ... about the advice of many newspaper columnists on credit card debt currently.  They may be right ... years but now seems to miss the point of the credit crisis.  If your credit card provider lowers [more...]

Date: 2009-01-08 23:46:33

brand utility for tough times

Obviously, it's critical to make sure your brand and products are relevant to current consumer needs ... the Wells Debt Down Solution. It's a new product that allows consumers to consolidate their high interest debt and find a workable way of paying it off. We are used to banks being slow [more...]

Date: 2008-12-09 16:19:07

Budget for the recession now

Photo by: mugley While the economists debate whether we are in a recession or not, ... to impact all of our budgets. Many people are currently buried in debt, from high mortgage payments to owing large balances on multiple credit cards. Let’s face it, credit card companies [more...]

Date: 2008-06-19 10:26:34

The Qualification Letter I Use for My Buyers and Require For My Listings

I have never had someone tell me they wanted more information than this letter provides ... their current monthly debt service as being a total of $X/month, and according to Mr. Client and Ms ... income, per (details of specific loan) guidelines, allows a total debt service plus housing [more...]

Date: 2008-12-17 14:43:00

Debt management may be regulated

The government is launching a consultation about the future of debt management companies, which are currently largely unregulated. The companies negotiate on behalf of people who are having debt problems. They talk to their clients' various creditor ... [more...]

Date: 2009-09-18 05:53:05

Why Can’t We Just Learn to Live Together?

There’s a rather angry exchange going on in econ-blog land ... be financed. The additional government debt means that existing current resources just move from one use ... national income accounting to know that that is what he is assuming. He does not understand [more...]

Date: 2009-01-15 14:58:35

Payday Loans-Learn How To Avoid Them

People get their good and bad habits at an early age. If you want to become a responsible person, you have to exercise the right things now ... to be caught up in a debt trap that can only worsen your current situation. There are unquestionably ... so that when something comes  out of the blue, you will have money to spend. There are counselling [more...]

Date: 2008-11-26 16:27:53

U.S. Debt Consolidtion Company - Right Place To Consolidate Your Credit Card Debt

Amazon.de Widgets Credit card debt is something that over 47 meg Americans are currently experiencing. There has never been a time where so many people are in debt and creditors of unsafe debt are becoming rattling worried most collecting. Delinquent accounts are increasing at unprecedented rates and creditors are thence agreeing to rattling generous debt consolidation in order to collect at least a small proportionality of their money. [more...]

Date: 2009-09-18 11:12:16

Constitution and Libertarian Parties of Ohio among those working to defeat a bill calling for US Constitutional Convention

Found at PeaceChicken.com: Good news: we were all able to testify against the bill today, and we gave them a response they weren’t expecting ... that something must be done to limit federal spending and reverse our growing $10 trillion dollar debt currently [more...]

Date: 2008-12-11 04:23:33

That New Cookie Lee Math

It’s time for another report from yours truly, the Cookie Lee Black Sheep ... as a result of a sagging economy. Consumer debt is at an all-time high, presenting current ... on their optional spending, but consumers who already HAVE debt are in no hurry to create MORE debt [more...]

Date: 2008-07-29 15:16:21

A Plan to Be Debt Free in 2009

Considering the current state of the economy, it’s likely a smart thing to try and rid yourself of any excess debt right now ... out your latest credit card statements, auto loan statements, student loan statements, etc ...  are a bit lower, and are also tax deductible. debt-payoff-plan Some people decide that it’s easier [more...]

Date: 2009-01-05 16:10:27

The Most Important Number for Technology Policy in 2009

Is $1,200,000,000,000.00.  That’s the expected 2009 Federal budget deficit.  Since the current Federal debt is estimated at a “mere” $10.6 trillion, this means that we’re expected to add nearly 9% in a single year to a debt accumulated ... in history as the man who finally caused the U.S. government to default on its unmanageable debt [more...]

Date: 2009-01-08 20:59:16

GM Could Go to Zero, Chrysler Even More Likely. Ahh... So We Do Have a Non-Govt Mechanism for Restructuring Companies

Yes we know. We could have been more succinct with our title ... , and there you have it GM can reduce its onerous debt burden. So where's the problem? Ah yes, the UAW. They refused ... of equity value could be wiped out as debt restructuring could lead to current equity holders being diluted [more...]

Date: 2008-12-23 05:49:55

Will America Split, Again?

A Russian professor, Igor Panarin, has been predicting for more than 10 years that the U.S. will soon break-up into smaller parts ... . There is no shortage of cracks in the current system we live under. Our rapidly rising debt to other nations ... request (treasury certificates) what do we do next?On another note, Florida is looking and sounding [more...]

Date: 2009-01-10 17:32:00

Lending Club P2P: Review of New Post-SEC Changes, Free $25 Lender Bonus

Now that LendingClub has finished their SEC filing and is one of the only P2P lenders currently operating ( ... 660 with a debt-to-income ratio (excluding mortgage) below 25%. In addition, your credit history ... you get. Then you can simply compare this rate with your other options - credit cards, home equity loans [more...]

Date: 2008-12-14 14:30:58

Debt Relief is peaking in Search Engines

It is no wonder with the current global economic crisis that in October 2008 “debt” became a very highly searched term. A large increase in debt consolidation and credit debt articles started to appear across ... that brings all of this valuable information together. Debt Relief How To is the name of the new [more...]

Date: 2009-01-15 04:14:12

Qatar Telecom completes $2 bln loan deal

DUBAI, Sept 29 - Qatar Telecommunications Co said on Tuesday it had completed syndication of a $2 billion loan facility for general corporate purposes including to refinance existing debt. 'Despite the current difficult global credit environment, ... [more...]

Date: 2009-09-29 13:29:42

Find Helpful Info About I’m So Stressed Even Hearing The Words Bankruptcy - Lawyer! Luckily I Have Found Help!

Bankruptcy is basically the official way of announcing that a person can no longer repay his debts in his current situation ... circumstances, to keep their home and car for instance. It is not the intention to make the person [more...]

Date: 2008-12-29 05:59:23

The Most Common Questions About Debt Collections

by Jon Ochs If this current economic slow-down has found you in a position of financial difficulty, ... that cannot be done by any non-attorney collection agency. Any company or law firm acting as a debt ... you may find yourself dealing with debt collection calls and letters. Here are some of the most [more...]

Date: 2008-10-21 19:54:23

Canada elections 2008, Part II

p2pnet news view Freedom | P2P:- Part I of the p2pnet party platforms feature outlines Conservative, Liberal, NDP, Green and Bloc Quebecois policies ... . The CHP would eliminate the national debt which is currently at $600 billion dollars. Better [more...]

Date: 2008-10-08 13:19:49

Late Night Political Humor

“All five living presidents met for a historic lunch at the White House this week ... The current national debt is estimated at over $10 trillion, which breaks down to about 35,000 dollars [more...]

Date: 2009-01-15 11:55:10

Kicking Our Addiction to Debt

Barron’s Alan Abelson references Henry Kaufman in this week’s column: As the root of our current woes, Henry unreservedly cited decades of ballooning debt. More specifically, since 2000, he noted, nonfinancial debt outpaced the growth in nominal GDP by nearly $8 trillion, or more than double the gap [more...]

Date: 2008-12-06 12:09:03

AG urges Congress to changes to help distressed homeowners

Washington's Attorney General has joined 21 other attorneys general to encourage Congress to loosen bankruptcy rules in an effort to reduce home foreclosures. Current bankruptcy laws allow judges to readjust mortgage debt on vacation homes and farms, but not on primary residences. The attorneys general would like to see that changed [more...]

Date: 2009-01-07 22:13:01

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