Debt has got us all down these days, and honestly, we need all the help we can get. This topic delves deeper into debt to help you find how you can dig yourself out of debt and how to avoid going any further into it.
It is likely that poor decisions or unexpected circumstances got you into debt. In order to get out of debt you’ll have to form a plan and adjust your behavior to live within your means. Follow these steps to get your money back into your control!
One of the only ways to have student debt forgiven is through the death of the borrower. However, this is not always true, especially in the case of private loans. Parents and spouses of deceased loved ones may also have to watch out for tax hits on forgiven loans.
Many families turn to “payday loans” (short-term loans for small amounts) as a quick fix to get out of a sticky financial situation (or to afford more gifts for Christmas, perhaps?) However, these loans can be very dangerous, locking you into a vicious debt cycle.
The mere word “bankruptcy” is enough to fill the most responsible person with dismay. Unfortunately, there are times when there are simply no other good options. Long term unemployment, excessive medical bills and even divorce can all lead to bankruptcy. However, it is possible to plan and prepare.
Late night TV is filled with ads from so-called personal finance experts who will happily take several of your hard-earned dollars and give you the secrets of financial freedom. But, you don’t really need to cough up some of your extra dough. Instead, just follow a few basic tips.
If you are preparing to enter into the negotiating process with your student loan lender, you better go in prepared. Learn the primary reasons lenders allow you to renegotiate your students loans, make sure you fit the bill and then uncover your options.
What type of investments are we talking about? The volatility of the markets does not inspire much confidence in Wall Street and European financial troubles are compounding the state of our stagnant economy. Best advice: Invest in yourself.
Saving money is never easy, but there are some effective ways to reduce your overall debt. You can shave months off your monthly expenses by using some of these easy to handle, money-saving mortgage payoff tips.
We all know that when we don’t need the money, the banks are eager to lend it, but when we are in dire straights we can’t get a loan to save our lives. It’s not a coincidence, banks know our finances better than most of us do and if we are viewed as a risk, the chances of getting a loan are low.
A recent news story showcased a couple for winning the biggest jackpot in European Lotto history. The couple has modest interest and intents for their new found wealth, but the most striking comment made was: “We have always lived within our means…” and that is step one to improving your DTI.
Most people find it easy to get into debt and not as easy to get out of debt. Achieve freedom from excessive debt by making an honest review of income and expenses, and find ways to pay down debt that has already been incurred. Find help overcoming barriers to becoming debt-free.
In tough times many of us face debt—overwhelming debt! With lower income levels due to job loss or illness it’s often hard to repay that debt on your own. Should you seek out the help of a debt arbitrator? Find government facts and real answers here.
Those who need to reorganize their debt may be considering a Chapter 13 bankruptcy. If an individual has filed for relief, the question may arise later if a filer can or should consider adding a non-filing spouse to a Chapter 13 bankruptcy. In some cases, this can be very beneficial.
Student loans are typically entered into through a government backed loan organization. This can be a benefit or a downfall depending on the route that is taken. Keeping a loan out of default and working with the right organizations can turn a negative outcome into a positive one.
There are three bond types used for bonding employees and contractors. Each one has its own application requirements. In some cases, the job requiring the bond may not allow you to be bonded if you file bankruptcy, while other times it may be possible.
How much does it cost to file personal bankruptcy? It may feel ironic to have to pay for debt relief when you’re in such dire financial straits, but in most cases you will indeed have to pay at least a couple of hundred dollars to file bankruptcy.