Sometimes there are alternatives to bankruptcy, and depending on your particular situation one of those is debt settlement. Debt Settlement is a way of working with your creditors and debt collectors to settle your outstanding debts for less than the amount that you owe. Depending on the amount of money you […]
Debt and credit
Rebuilding Credit after Bankruptcy
Filing bankruptcy provides an opportunity for a fresh financial start; the psychological benefits of a debt-free existence are immense. But, it also has its downsides in that it totally kills your credit. This black mark will remain on your credit report for many years to come. While you will not […]
Understanding the Basics of Personal Bankruptcy
Bankruptcy is a legal process whereby a debtor obtains a "fresh start" from his or her creditors. The United States Constitution grants Congress the exclusive power to make bankruptcy laws. This means that even though most business disputes, such as breach of contract, are governed by the laws of a […]
Is It Better to Invest or Pay Off Debt?
Most people are in debt for most of their life. This debt takes over their finances every single month of every single year. Over the course of these people's lives, they find themselves always paying out to debt, and never really making a plan on how they will be able […]
How Credit Card Statement Reminds You Are in Debt
The credit card companies are making smart money since long. They have a little odd way of showing that they want customers to be debt free. They will always try that their customers make use of more and more of their credit limit and they can make huge profit on […]
How to Safely Manage a Clothing Account
If managed correctly, a clothing account can be very helpful. Who doesn't love the idea of shopping for clothes even when you don't have money? However, as with all forms of credit, a clothing account can have its dark side. Here are some tips to manage your account responsibly, while still […]
The Advantages of Opening a Clothing Account
You've probably heard of horror stories of spendthrift shoppers falling into arrears on their clothing accounts, and ending up having to pay dearly months or even years later just for what started out as just one pair of shoes. However, clothing accounts, if used responsibly, can actually be a great […]
Strategies for Effective Business Money Management
Money management isn't always an easy thing to handle considering the fact that when it comes to handling a business, then things become too difficult. Be it handling business customers or managing the cash flow or taking care of your business accounts, each of these need time, planning and dedication. […]
Is Credit-Repair a Good Idea?
Though we all know that bad credit is not a permanent situation but we all have to accept that it could really bring us down. We get in a lot of bad situations if we have a bad credit. We cannot get the house or the car we always wanted […]
The Disadvantages Of Bankruptcy For Students
The main reason a lot of people are filing for bankruptcy is because it releases them from any debts they might be in, though this frees you of debt it does not free you from it all, there are certain types of debt that bankruptcy cannot get rid of. Before […]
Credit Cards: Beauty and the Beast
A credit card is a plastic card issued to individuals by either a bank or credit provider. They can be used to buy goods from online retailers or in-store in the same way that a debit card would be. However, instead of having monetary funds within the account you would […]
How To Buy A New Home With Poor Credit
People who couldn't afford the homes they purchased are responsible for a large portion of the economic downturn of 2007 and 2008. The people who loaned them money they couldn't afford to pay back are also responsible for this important moment in world economic history. Now, lenders aren't eager to […]