In an attempt to crack down on abuses in the debt negotiation industry, Senator Charles Schumer (D-NY) introduced the Debt Settlement Consumer Protection Act (DSCPA). The amendment would regulate in two key ways:
Read more on What Financial Reform Would Mean to Debt Relief…
Debt is negative wealth. If you want to be wealthy don’t get into debt. But howsoever simple it may appear on paper, most people take the easy way out. If they want more, they simply spend without sparing a thought to affordability, thanks to availability of easy credit card debt.
The present global trend and the economical conditions prevailing around the world have a greater chance of worsening the situation of people in debt. A proper and good debt advice can save from drastic situations where the individual will not be able to tolerate any more stress of their debt either leading to suicidal attempts or declaring bankruptcy.
What is the effect of Bankruptcy for Directors, Sole Traders and Employees. What other options are also available if bankruptcy would be detrimental to your business.
For senior business managers or owners, Bankruptcy is not an option if you want to continue managing your business.
Read more on If I go bankrupt can I continue to run my business?…
Its very likely that you will never make a purchase as large as a home purchase. This is a very good reason to prepare for the process as much as possible. The home you purchase will depend very much on the amount of mortgage for which you qualify. Read more on Some Important Tips For First Time Mortgage Users…
Company voluntary arrangements (CVA’s) are legally binding agreements between companies and their creditors that outline in detail a plan for settling outstanding debts. The advantage of such an arrangement is that it is a way by which company directors can remain at the helm of their company and steer it away from liquidation proceedings.
The housing market may be slow, but with mortgage rates near all-time lows, the mortgage industry is doing a bustling business in refinancing, as homeowners trade in their high-interest mortgages for low-interest loans that can save them thousands. Read more on Take Advantage of the Lowest Mortgage Rates Today…
Many first-time homebuyers are taking advantage of tax credits, the buyer’s market and purchasing real estate. Some, however, are surprised to find just how much mortgage rates can fluctuate as they search for the perfect house to buy. Read more on What Causes Mortgage Rates to Change?…
Is filing failure my only option for avoiding foreclosure? In some instances, the answer would be yes. When you have tried everything else – speaking to your mortgage company, trying to negotiate a payment system, refinancing, and borrowing anti the equity in your home – it may be time to think about filing bankruptcy. Read more on Get The Truth About Choosing Bankruptcy To Stop Foreclosure…
