The growing level of personal debt is fast becoming a serious social problem, or so the experts are saying. The causes of such debt are manifold and can be caused by various difficult life circumstances. For most people, being in debt of some sort is just a way of life. But it is possible to become clear of debt; and a good way to start is by learning how to manage on whatever income you have.
DebtThe New American Slavery
Lately, an unusual phenomenon has been sweeping the United States. Although our country is known for the freedom it provides for its citizens, millions of Americans are willingly subjecting themselves to financial servitudea form of slavery.
A Closer Look At Bankruptcy
The federal courts have a process known as bankruptcy which is designed to help individuals and businesses clear their debts and manage repayments under the protection of a bankruptcy court. The two kinds of bankruptcy are: reorganization and liquidation.
Post-Christmas Financial Difficulties
If youve spent more than your budget can cope with, then maybe youre thinking about credit to help you through January. Many people fear the long, broke month of January. After a lovely Christmas full of joyous smiles January can see a mood swing in the wrong direction. Many of us turn to credit cards to help get through this terrible month. But without knowledge of the financial industry a person without a great income can fall victim to the evil grip of unscrupulous credi…
Mortgage and their debts
Mortgage debts arise when the borrower fails to make his regular payments; these failed payment amounts accumulate and rise up as a mortgage debt.
Home A Loan
The number of homeowners taking out secured loans is set to slow down over the next five years according to analysts at Datamonitor. Over the past five years, the market for secured loans has increased by over 50%, however predictions indicate that loans secured against property will only increase at a rate of 5.3% a year up to 2009. Last year, 016bn was borrowed by homeowners secured against the value of their property but according to Datamonitor this will rise to 014…