There are many factors, out of your control that can make you unable to repay your loans. You might become sick or get involved in an accident that takes you out of work for an extended period of time.
Loan Sharks Are Illegal Money Lenders-Know The Catches of Using Their Money
Many bad debtors who urgently need money and unable to obtain credit from legitimate financial organizations will turn their head to borrow the money from illegal money lender. These illegal money lenders normally lend out their money with extremely high interest rates and often backed by blackmail or threats of violence. Hence, you are risking yourself if you borrow the money from a loan shark.
Top Factors Influencing Bankruptcy
The term Bankruptcy is derived from the Italian word banca rotta, meaning broken bench. It is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court. However, there are specialized units for bankruptcy in each federal district court. Under the Federal Bankruptcy Act, these district courts take care of the bankruptcy filings and other functional procedures.
Factors Influencing Bankru…
What is Financial Securities
It is true that bankers also invest money in securities, and that some of these are foreign.
Why You Must Avoid Bankruptcy
Bankruptcy does more damage to you and the people around you than you think! In all cases, it is best to avoid bankruptcy.
Bankruptcy seems to be the most convenient and easy way out during times of financial trouble to many. And often people are not ready to go in for the phrase: Avoid Bankruptcy. But majority of the debtors are not aware of two very important things:
1. Bankruptcy is not a wise solution for all debtors.
2. Bankruptcy is followed by harmful consequenc…
Preparing For The Unexpected
While many people dont like to talk about it unemployment is something very real that has the potential to be very damaging for the ill prepared. Due to poor planning and denial, many people once unemployed find themselves in a severe financial struggle. Credit card companies are calling them at home, at their old offices, and in some cases contacting them via mail and e-mail. So not only are they being stalked by creditors they are also, more than likely, getting calls of r…
Purchase Protection
Most credit card companies provide purchase protection insurance for free, as an included benefit of owning their particular credit card. As competition among credit card companies is so fierce, creditors are attempting many different strategies in order to gain and retain loyal customers. Purchase protection insurance is one of the benefits a credit card company may offer that their leading competitor does not- in an effort to gain new customers and keep customers from “goin…
Let Money Work For You Do Not Let It Work Against You
Young men starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a slavish position to get in, yet we find many a young man, hardly out of his “teens,” running in debt.
Filing For Bankruptcy Will No Longer Be An Easy Option
Most of us already are aware that the change in the bankruptcy law will be effective this October. Those who are already in debt argue that it is unfair. Companies that have suffered profit loss through the years are relieved to hear the news.
The change in the bankruptcy law will force individuals who are in debt or facing debt to file for Chapter 13 bankruptcy. The old way of just erasing debt will no longer be an option to most.
How does Chapter 13 bankruptcy work? W…
Going Cashless
Many people believe that eventually, and sometime in the not so distant future, no one will carry cash in their pockets, and everything will be purchased using plastic. Others think that will happen around the same time that people start driving around in space cars, or when we have domesticated robot maids to clean our homes and make our meals. Whether it becomes a reality or not, its quite possible to live almost cashless in our current society!
Think about it. When you…
Don’t Be A Victim Of Identity Theft
Just about everybody has heard of identity theft, but most people do not believe it could ever happen to them. The fact is, identity theft is more common than most believe. It’s not hard for identity thieves to obtain all of the information they need in order to assume another person’s identity, but it can be made a whole lot harder for them if people remain smart and protect themselves as completely as possible.
When it Happens
If a person becomes a victim of identity…
Bankruptcy 101
Bankruptcy the term that can raise the goose bumps of almost every individual who hears it and even a nervous breakdown to those who confront it. Bankruptcy stands for the situation when a person runs into huge debts and there is hardly any money left with him to repay those debts. The