Archive for ‘Debt’ Category

Caution: Massive credit debt of a minimum of $70, 000 is needed to learn this particular debt closing short reduce to monetary freedom because individuals with lesser quantities usually absence the motivation to make use of these apparently ancient techniques that are in actuality light-years in front of common ways of debt liquidation. Everyone with smaller levels of debt usually actively seeks commercially obtainable schemes exactly where they make use of some ill-conceived ways of debt decrease which requires these…

05
Oct
Dos & Don’ts of Personal Loan
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Are you considering for taking Personal Loan for addressing any of your emergency financial issues? In today’s fast-paced standard of living, there are so many situations arise where you need instant cash for an unexpected or emergency expenditure. Apart from borrowing from friends and using credit cards, a Personal Loan is also one of the best ways to meet such crisis and urgent money requirements. In the era where the competition between the banks and money lending agencies are getting…

Does the business records exception to the hearsay rule allow debt collectors to collect on debts that were generated by other businesses? As I have often pointed out, debt collectors, by their very nature, are not the entities that created the records concerning the debt for which they are suing defendants. Rather, they bought the supposed debt from someone else: another debt collector or the original creditor (who did create any records there might be). This creates a problem for…

28
Sep

Similar to the division of property, courts generally apportion debt according to the type of debt. For example, if the debt is classified as separate debt, that debt will be assigned to the spouse who incurred it. If the debt is incurred for the benefit of the community, it is classified as a community debt and is generally apportioned to each spouse equally. In a departure from the formulaic nature of the Family Code, the law allows the court discretion…

28
Sep
When Debt Masquerades As Money
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There is an amazing amount of confusion, or more accurately obfuscation, in the world of money, finance, and economy. The 'powers that be' at the Fed and the Treasury claim that one needs at least a PhD, if not a Doctorate to understand what is going on in the economy. This is the worst kind of rubbish possible! At bottom, at the root, economics is actually simple, easy, and 'common sense'. To clarify our understanding, we just need to have…

28
Sep
A Debt Management Solution That Makes Sense
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Mastering debt management is a necessary aspect of making your money work for you. A good place to start on your road to Financial Freedom is learning debt management and to begin you have to know the difference between good debt and bad debt. First let me give you some definitions: Good Debt: Any debt where the cost of the debt will be surpassed by the profits that are made by whatever it is that you took on the debt…

28
Sep
Zombie Debts, a Discussion
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Voodoo is an African belief that has transposed itself in America among the African-American population. In real terms Voodoo relates to the old tribal religions of Africa, from where it has originated. Part of the Voodoo belief is the Zombie. The Zombie refers to a person who though dead comes alive. It also means 'risen from the dead'. This word is also used in America to classify old and forgotten debts that have passed the statute of limitations. These debts…

Just when you thought it was safe... here comes zombie debt!!! A client recently called me in a panic. He said he just got called by an attorney from a debt collection agency and they said they would file a lawsuit against him in 30 days if he didn't pay $3, 000 he owed on an old credit card. However, they were willing to negotiate a settlement if he could make the entire payment by the end of the week.…

28
Sep
Get Out of Debt for Less With Debt Settlement
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The average American household has over $15, 000 of credit card debt. Many of these families are struggling to make the minimum monthly payments, and some are using plastic to cover daily living expenses such as groceries, transportation costs, and medical co-pays. Despite improving economic conditions, more and more credit card users are receiving phone calls and letters from creditors that their payments are past due. If you have too much debt and stress, now is the time to stop…

28
Sep
Stake Your Own Claim On Personal Debt
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Recently, I saw a chart listing debt as good, bad, and neutral. Since everyone has to make choices on personal debt, I wanted to explore it a bit further. Did you know that in 1970 our national debt was under $0. 5 trillion dollars and in 2013 it was $17 trillion dollars. From 2007 - 2012 national debt increased $5. 4 trillion. In 1990 each person's share of national debt was about $13, 000 and in 2009 it was $40,…