Developed Economies The whole financial system in any country in the World revolves around its top ten banks. Sadly the top 20 countries virtually control/maneuver to gobble down more than 80 percent of the world production. In these top 20 developed countries out of approximately 200 independent nations on planet Earth less than 8 percent […]
How does your current credit card (or credit cards) compare with some of the offers available on the market today? You could be paying far too much in annual fees, high interest rates and also losing out on special rewards. If you haven’t checked lately what credit cards are available and some of the outstanding […]
After being a financial consultant for all my life, I can tell you for sure that making last day payments certainly reflects poorly on the internal credit monitoring mechanism that your credit card company practices/believes and follows while considering to increase your credit limit. How late payments affect your credit history: Making minimum payments certainly […]
Regardless of the amount, taking out a loan is a big financial decision and it should not be taken lightly. Prospective lenders should spend time educating themselves on the different options that are available to ensure that they choose the one that’s best suited to their needs. One of the key decision points when it […]
In these turbulent economic times, you have lost your job, taken on more debt you can handle, or maybe even lost your home. This unfortunately affected your credit negatively which would affect your ability to get loans in the future. But you want to make this situation better. Although repairing your credit will take time, […]
Credit Card Pitfalls to Avoid Getting a new credit card can be exciting. It instantly gives you access to funds you don’t necessarily have. It makes purchasing easier and those items that were previously out of reach become accessible. However, with this new found credit line comes a few pitfalls that every consumer needs to […]
Combining two mortgages and refinancing may make sense for some homeowners, specifically: – Individuals wanting lower monthly payments with a better interest rate; – Those who wish to match their financial circumstances with their loan term; – Homeowners who want to eliminate the expense of private mortgage insurance. But before the decision is made to […]
You have probably seen one or more television commercials about reverse mortgages. These promise an opportunity to get access to the equity in your home, tax-free, without having to make monthly payments on your loan. It’s easy to see how anyone could be tempted into getting a reverse mortgage. After all, the money you access […]
Money can’t buy happiness, they say, but it certainly contributes largely towards it. That is one cliché that doesn’t sit comfortably with most people these days, especially in this difficult economic climate. Unless, of course, you are one of those enlightened people who can easily access inner joy while sitting on rock for hours in […]
Whether it be a small cash injection to help us pay that monthly bill or a mortgage lender to make that first step on the property ladder, at one time or another, we all need to apply for a loan. That first loan can be a daunting prospect and it’s important that you get the […]
Before agreeing on any mortgage, there are some simple things that you can do to make sure you get the lowest mortgage rates available. Use these tips to secure the best interest rate for your loan.
Most people deal with debt collectors in a hostile manner. This is probably because of their embarrassment or simply because they do not want to pay the overdue bill. But remember that delaying the payment process and having and conversing rudely with the debt collectors may just worsen the situation. Some may even use your […]
Bad debts are one of those possible problems that a good businessman predicts. These are technically accounts receivable which will be written off as they have less chance to be collected. They would appear under the expenses of the company in its income statement, which then reduces the profit. As bad debts are inevitable, most […]
Collecting debts of delinquent accounts can be stressful, time-consuming, and sometimes expensive. Most probably, you may even receive returns that will just cover the cost of the debt collection. It is then, not surprising that a lot of companies opt to pass off this unpaid accounts to debt collection agencies. Hiring a collection agency can […]
Surely bill collecting is not a job you have dreamt when you were a child but it is highly profitable nowadays. Plus, you don’t even need to have a college degree when you apply for this job. Aside from that, students, single mothers, and housewives are starting to apply for this job as it can […]
Are you Recovering Incurred Debts or Losing More Money? Debt Recovery Solutions and How to evaluate them
Knowing that your company lost a significant amount of money from individual delinquent accounts or unpaid percentages of your business to business accounts are already hard for you to take. How much more if you don’t get responses from these debtors? So, before you spend more rather than receive what is due to you, you […]
Typically, when someone puts up a business, that person is more concerned about what product or type of service to offer and the marketing strategies appropriate for it. It will be the predicted profits which will usually occupy one’s mind. Thus, most businessmen forget that some customers will not pay their bills and that one […]
For most people, a debt collection agency is equal to annoying phone calls and threatening letters. But these inconveniences can be avoided and you don’t have at war with that company. You can start by knowing your rights under federal laws that protect consumers and help them deal with any form of harassment from debt […]
Some of the benefits of debt consolidation include lower monthly payments, lower interest rates, extended payment plans, and negotiable terms. Here is how you can consolidate your loans the easy way.
Perhaps the most important factor for success with debt consolidation, however, is to properly prepare and plan for your consolidation. Here are some easy steps you can follow to create a good debt consolidation plan.
From personal loans and debt restructuring to debt settlement and debt consolidation these companies offer a wide variety of services. If you want to find the right debt consolidation company, however, you should try following this easy guide.
Through debt consolidation, you place multiple debts under a single loan that usually has a lower interest rate and is spread out over a longer payment period. This article will provide a step-by-step guide on surviving debt consolidation.
When people get into financial trouble, they often have a hard time asking relatives or friends if they can borrow money. The truth is, some of your relatives and friends may be happy to help you out in these times of economic hardship. If you can gather up the courage to ask for a loan […]
How to Find a Loan Company to Start Your BusinessStarting a small home business can be difficult, especially if you don’t have the resources to pool together enough capital for that entrepreneurial venture. Just because you can’t afford the capital from your savings, though, it doesn’t mean that you should give up on your home […]
Your credit report contains a lot of personal and financial information. With all of the numbers and letters on your report, it’s not difficult to understand why errors or inaccuracy might become a problem. If you have found a credit report error, you should act quickly to dispute the error and have it corrected as […]
With the economic crisis at hand, many people have been forced to rethink how they manage their finances. Some people have had to deal with mounting debts, job loss, and bad credit reports. In an attempt to get their credit back on good terms, some people have gone to credit repair agencies, but it’s difficult […]
Payday loans have sometimes been described as “legalized loan sharking”, because lenders often charge big fees and interest rates to make large profits. It can be difficult to find a reliable and trustworthy payday lender that is willing to cut you a good deal on your loan. Still, there are some ways that you can […]
With all of the financial problems that people are facing nowadays, from unemployment to bankruptcy, it seems as though everyone is dealing with debts. One of the most common debts that people often have to pay for is credit card debt. It can be hard to pay off debts, especially when you’re barely making enough […]
One of the financial products that has gotten a lot of attention since the real estate crash and economic crisis is the mortgage refinance loan. Mortgage refinancing is usually advertised as a means to get a better deal on your mortgage rates by taking out another loan that pays off your initial loan and replaces […]
Applying for a car loan isn’t exactly the easiest thing to do, especially if you are a college student without a significant credit history. For this reason, it’s important to take the time to do some research and make a plan that will help you get the best deal for your needs and your financial […]