• Finance

    Structured Settlement Annuities – Are These Investments a Good Deal?

    So, you’re looking for smart, lucrative investment opportunities and you’ve heard that structured settlement annuities have been blowing up. Now you’re wondering if investing in these annuities is a good deal. Like most valid investment opportunities, there are pros and cons. However, your specific situation and investment needs should be the most important driving factor.

    The Structured Settlement Secondary Market

    In the case of very large sums of money, lottery winners, workers’ compensation beneficiaries and recipients of personal injury settlements often initially opt to receive their total monetary payment via a structured settlement payment arrangement versus a lump sum. Due to changing circumstances and economic need, these recipients may later choose to sell all or some of their structured settlement payment rights to a factoring company in the secondary market. Once these structured settlement factoring companies obtain the rights to these future income streams, they may then sell structured settlement payment streams to investors. That is where you may come in via a broker, financial advisor or insurance agent.

    This secondary market is quite large:

    • The National Structured Settlements Trade Association reports that just under $6 billion in structured settlement payment arrangements are being written annually.
    • According to LIMRA Secure Retirement Institute, by the end of 2013, deferred annuity contracts represented more than $2.58 trillion.

    So just how safe are these types of investments? Are they really guaranteed?

    Risks of Structured Settlement Investments (SSI) in Secondary Market Annuities (SMA)

    As with all monetary investments, there exist potential risk factors. Always compare the risks to potential benefits and consult with an experienced financial advisor before making your final decision. Structured Settlement Annuity Is Investing In That A Good Deal(2)

    • The issuing insurance company must be carefully reviewed to ensure financial stability and longevity. Failure to do so may result in the loss of your investment if the company goes belly up.
    • These annuities are generally not registered with the Securities and Exchange Commission (SEC) leaving you with little to no options for dispute resolution.
    • They’re not federally insured. These are not deposits backed by the Federal Deposit Insurance Corporation (FDIC).
    • These are not liquid investments and may therefore be difficult if not impossible to sell.
    • Interest rates are locked, so even if market rates of return rise, your interest rate will not change.
    • The legalities of these income stream rights may be challenged and if the transaction did not follow the letter of the law exactly, you may be unable to enforce the contract.
    • Commissions are pricey, often at 7% or higher.
    • Structured settlements are tailored to meet the specific needs of the individual receiving the settlement. Therefore, no two are alike and you will be met with a wide variety of terms and amounts when reviewing payment streams to invest in.

    Benefits of SSI in SMA

    There are many benefits to purchasing structured settlement payment streams, though these are not actual investments and the rate of return has dropped in recent years.

    • Advertised interest rate yields range from 4% to 7%.
    • The rate is not subject to market fluctuations making this a stable and predictable option for your future income needs.
    • Terms may range greatly allowing you to select the payment stream that best meets your needs for retirement.
    • Court ordered assignment transfers help ensure the legality of the purchase.
    • They are fairly secure when issued by a major insurance company with a long and stable history.
    • They offer a viable alternative to now unattractive mortgage securities and low return Treasury Bonds.
    • These payment offer a fixed, steady stream of income.

    Essentially, structured settlement annuities aren’t the best choice for every investor. However, the right income stream may be a very good choice if you are seeking this type of lower-risk, fixed return on investment and you are willing and able to wait for your payments. Understand that low risk does not equal “no risk” and due diligence is necessary.

    Learn more about this potential investment tool from the experts at Strategic Capital. Call 1-866-256-0088 to speak with a knowledgeable professional today.


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  • Debt Elimination Strategies Fixing Your Debt

    Avoid Double Victimization On Loans

    Restore Your Credit Free Tips And Techniques

    Restore Your Credit Free Tips And Techniques

    We all hate that unexpected big expenditure that knocks us off track. You’re finally getting to a sustainable situation financially, then all of a sudden there’s a lightning bolt–an unexpected tax expense, a child’s broken tooth, a failed air conditioner. Whatever you face, it’s a necessity that can’t wait, but your bank account will hear nothing about it.

    So you’ve been victimized. Your car or your heat pump, or maybe a stray foul ball at your son’s baseball game. You’ve got to deal with the problem, but you’re in line to be victimized again if you go about paying for this development in the wrong way.

    Not all short-term lenders are created equal. As the industry has evolved, companies like Blue Trust Loans have set themselves apart in a crowded field as one of the better players. When you are in circumstances that require a short-term loan, make sure you keep these key characteristics in mind.

    Speed of Deposit

    If you had a lot of time to get the money you need, you would be doing it! You would have a yard sale or pick up a part-time job, and you wouldn’t have to talk to a short-term lender. But that’s not usually the case. The car must be fixed today if you plan to work tomorrow, so there’s no time to scrape up extra money.

    A good short-term lender will add speed to the process by conducting a direct deposit into your checking account. This is especially handy if your financial need emerges while you’re out of town. You can use a check or your debit card to pay for the needed expenses wherever you may be. So direct deposit saves you time and travel to deal with your sudden expense.

    Fee Policies

    It can be very easy to be forget that the fees you are being charged are really finance charges, and that there is a corresponding interest rate. Short-term lenders will never be able to charge rates as low as conventional banks, because there’s no house or vehicle to offer as collateral. It’s strictly based on your honesty as a borrower, and unfortunately, some borrowers are irresponsible and don’t repay their loans. The lenders must cover this risk by recovering money through interest.

    You may see some interest rates on BlueTrustLoans.com that sound high, but here’s the key: These are annual rates that are developed from loans that may only exist for two weeks. If you repay the loan as planned, you don’t experience those high APR’s. So be sure to take some time to review fee policies for nonpayment and partial payment before proceeding. After all, you don’t want to be victimized three times.

    Company Reputation

    With extensive government regulation, the industry would seem to be a tough place for abusive companies to survive. The trouble is that many of these predatory firms existed before the regulations were established; in fact, some companies are the reason for the regulations. Before taking out a short-term loan, you should always research the company and make sure that you are dealing with one that is reputable and doesn’t have a history of problems with the government or customers.

    Everyone encounters those bad breaks in life. Your circumstances can victimize you once. But if you’re not careful, you can get into a situation where you’re further victimized by the solution to your first problem. And if you solve one problem by creating another one, have you really solved anything? When you use a short-term lender, do your homework and solve all your problems.

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  • Finance Improve Your Credit

    Learn to Improve Your Credit Score Fast

    Credit scores have always been an important factor when it comes to your  personal finance. Whether you strictly believe in budgeting and are very careful about your expenses, or you are a spendthrift, and love to spend your money on every possible occasion, one thing hat you have to take care of is your credit score. While it is true for anyone, with a credit history to have three different credit reports from the three different credit unions, it is also a fact that these scores might vary widely, since it largely depends on the data that the agencies use. So, if you are going to apply for a loan, it would be wiser to check out which agency’s score would be considered by your prospective lender and then you can accordingly choose your lending options. These days, it has become more important to have an enough fair credit score as the insurance companies, too, consider this as one of the key factors behind determining the credibility of customers. Moreover, employers and financial institutions, too, look out for credit score in order to screen out the undesirable applicants.

    Though it is not possible to control your credit score totally, there are some simple rules that can be followed in order to improve your credit score –Debt-Elimination

    • Instead of canceling your credit cards lock them up – Make sure you don’t cancel your credit card accounts after they are paid off; instead of that, try out every possible ways to limit your usage of credit cards. This is important as your credit score largely depends on the credit lines that you have open in total and the duration for which they have remained open. Long time accounts that you haven’t touched in years will show that you have some restraint and lenders usually want to see a long record of credit management. But make sure you use them at least  once in a year and pay off the full amount to keep your accounts active.
    • Monitor your credit problems – If you have any debts that you could not pay off in time or if you have filed a bankruptcy, it will take years to remove those events from your credit report. Check out if it is possible to exclude the data of one particular month from your credit report. If yes, determine the month which you don’t want to show up in the report and make sure that the removal happens.
    • Make timely payments – There is nothing more damaging than late payments for your credit reports. Make sure you pay off all the current expenses before the due date. If possible opt for electronic payments as it eliminates the delays caused by mailing and you can manage the payment dates in a much better way. Try to make the payments five to seven days before the due date, while paying by mails and always enter the due dates for all the bills in your calendar, regardless of the fact how you pay the bills.
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  • How To Finance My New Dream Home?

    If you have always dreamed of owning your own home, the possibility of ownership might be easier and more affordable than you think. There are homes available which can be purchased using very little money or even the amount you pay in rent each month.

    Affordable Homes for People on a Budget

    There are basically two types of homes that fall into this category. Homes that are offered with a rent to own option and homes that have been acquired through foreclosure. When you choose to rent a house with a rent to own option, the money you pay each month for rent is put toward the down payment of the home. This will make the amount you need to acquire from the bank less than what you might need if you were looking to buy a home you were not already paying rent on.

    Homes which have been foreclosed by financial institutions will be offered for sale at a reduced price. The bank or other lending agency is looking to collect the amount of money which is still outstanding on the original loan from the previous owner. The best price for these homes will be through the lending agency. If you buy a foreclosed home from a real estate agency you are more likely to pay a higher price.

    Getting Your Home Loan

    No matter what type of home you decide to purchase, chances are you do not have the entire amount requested for the purchase price available in your bank account. In order to pay the owner of the house you need to come up with the full amount you have agreed upon. There are several different lending agencies that offer a variety of home loans.

    FHA Loans
    These loans are backed by the government so if you qualify you can get the funds you need to purchase your dream home. While the government agrees to pay off the loan if you fail to do so, you will probably still need to make an initial down payment.

    Traditional Home Loans
    These loans are issued upon approval by your lending agency. To be approved for a traditional loan you need to have a good credit rating and a sizable amount for the down payment. Financial institutions will offer traditional loans at either fixed or variable rates. This can refer to the interest attached to the monthly payments, as well as the payments themselves.

    The type of conventional loan you decide to go with will usually depend on where you see your financial future. Fixed rate mortgage loans will be higher at the start then the variable rate loans, but they will remain steady over the course of the period for payment. If you are starting out in a new career, the variable rate mortgage will probably appeal to you more than the fixed rate. This loan will have a lower initial premium, which will fluctuate with the rise and fall of the housing market and economy. If you see yourself as making more money in the future, this could be a better choice.

    Other Loan Options

    In addition to the FHA and Traditional loans available for home buyers, you might also qualify for a first time home buyer program or for government assistance through HUD or the Veterans Administration.

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  • Debt Elimination Strategies

    Lots Of Helpful Tips On Managing Credit Cards

    Credit Card Swipe
    credit cards
    Image by Robert Banh

    When credit cards are good they are very good, but when they are bad they are evil. Along with other things, a credit card can be hard to manage if you aren’t sure how to use one. Increase your knowledge about credit cards to stay in control of your finances.

    The policies of your credit cards will determine how to successfully use them. If you have more than one credit card, sort them into daily use and emergency piles by finding out which ones have the most favorable terms.

    Be wise about using your credit card. Always ask yourself if the purchase is something that you truly need, and determine how long it will take you to pay it off. Calculate how much the purchase will cost with interest before deciding if the purchase is worth it.

    Don’t let credit cards tempt you. The knowledge that you can spend a lot of money at one time can be hard to resist. This can make you have trouble financially and that’s serious. Think about a large purchase for at least 48 hours before charging it on your credit card. This will help to limit impulse buying.

    If you see any suspicious charges to your credit card, call your credit card company right away. If you do this immediately, you will help your credit card company catch the person who stole your credit card. This also helps absolve you of responsibility when it comes to the charges. A quick call or simple email may be all that is required for you to report a fraudulent charge.

    Using a credit card can help you save on bank fees and other hassles. Some credit cards can be fee-free when paid off in full every month, whereas debit cards can have fees all over the place. Some people, particularly the poor, are loading their paychecks on prepaid credit cards in order to save money on bank fees.

    Resist the temptation to loan credit cards to people. Even if it’s a good friend that needs something badly, it’s not smart just to lend a card out. If your friend charges more than you had expected, you may be stuck with over-limit charges as well as a huge credit card bill.

    Remember that credit cards are an agreement to borrow money. It is easy to overlook this fact and charge large amounts on your card. You have to remember that the bills will come soon and your “extra” money will require real money to pay off the bill. If you keep in mind that you are essentially taking out a loan, you may be reluctant to buy things you do not need.

    When you use more than one credit card to pay for purchases, you should try to focus on one card and pay it every month. Even if you’re carrying lots of debt on some cards, maintaining one card that is well managed is good for your credit score.

    Never keep a written copy of your password or pin number anywhere. It’s crucial to remember all of your passwords so you’re the only one who can access your accounts. Writing down your password or pin number, and keeping it with your credit card, will allow anyone to access your account if they choose to.

    This situation is so common that it is probably one you are familiar with. You receive another credit card solicitation by mail, with an offer for you to apply for a credit card. While a credit card offer is sometimes welcome, more often you do not have need of it. When you throw out the mail, rip it into small pieces. Why? Your delicate personal information is contained on these solicitations, and a thief can easily damage your credit by stealing your identity.

    Many people who try to deal with their credit cards on their own run into significant complications, frustrations, and problems. With the right help it should be much simpler to handle. Use the advice in the article to help you deal with credit cards more effectively.

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  • Debt And Refinance

    Keep It Simple! Repair Your Credit With These Tips

    Repair Conference – Doing the right thing
    credit repair
    Image by Ars Electronica
    Doing the right thing: The important thing is getting the ball rolling—recognizing problems, defining them, and seeking solutions and alternatives which, after all, one can find almost anywhere.

    Photo showing Frithjof Bergmann (US)

    credit: rubra

    When your credit report has problems, you have problems. Poor financial decisions from years ago can continue to influence your financial well-being in the present. Rebuilding a good credit score is an uphill climb, but the trail does exist. These tips should be able to help you.

    Unfortunately, no financier is going to be interested in the statement you provide when they are examining your credit history. The most it will do is draw more attention to the bad aspects of the report.

    Look over your credit report to find any debts that are outstanding or payments you might have missed. Examine your report for any inaccuracies before trying to fix past debt problems. You should first aim to pay off whichever debt has the highest interest rate. However, do not forget to make payments on all of your other debts as well.

    If you wish to repair your credit, you’ll have to stop spending more than you earn. You will have to change your thought patterns in order to get your debt under control. While you may see your peers racking up credit debt, be sure to not fall into the same trap. You should look at what you can afford to spend, before using credit for purchases.

    Try paying off your bills to help improve your credit. There is also credit counseling that can help.

    One of the most stressful things about poor credit is dealing with debt collection agencies. Debtors can stop harassment by collection agencies with cease and desist notices, but know that this is all they do. These letters stop collection agencies that harassing debtors, but they don’t erase liability for the debt itself.

    If you find inaccuracies on your credit report, make sure to dispute them. Include proof along with a letter disputing the claim to the agency that recorded the errors. Make sure when you send the dispute package that you request proof by signature that it was received.

    Do not file for bankruptcy. This will have damaging consequences to your credit score for ten years. Bankruptcy may sound great because your debt goes away but there are consequences. Once you have filed for bankruptcy, it may become very difficult to secure a loan or open a new credit account.

    Look at your credit report cautiously before claiming that the discrepancies are valid. There are often mistakes in people’s credit reports. These can happen when a company reports your payment history incorrectly. The way to handle these is by filing a dispute. It may take some time and effort, but it is worth it to keep your credit report accurate.

    Contact the credit card company and ask to get your card limit lowered. This will prevent you from spending too much that you do not have. It will also show the credit companies how responsible you are, and if you do need to get more credit in the future, you will have a much easier time.

    Good credit scores mean you can easily qualify for a home or car loan. Fulfilling your mortgage obligation in a timely fashion does a great deal of good for your credit rating. When you are a home owner you will be financially stable based on what you own. If you have to take out a loan, this will help you.

    This advice can help you to turn your credit score around. Consistency and dedication are the keys to credit repair. Put in a steady effort and keep a tight hold on your financial responsibilities. It is completely possible to rebuild your credit; stop worrying and start making changes.

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  • Debt Elimination Strategies

    Easy Tips To Help You Effectively Deal With Credit Cards

    credit card
    credit cards
    Image by orphanjones

    Credit cards are able to help people to purchase things they need. Having a credit card will open a few different things up in regards to your financial freedom. Having said that, it is always important to choose a credit card wisely and use it with a high level of diligence. The following article has excellent tips on doing exactly that.

    Jot down all card numbers and contact information for your credit cards. Keep that information in a safe spot. This way, if someone’s wallet is lost, they can call the company to report it. It is very important to report any lost card as quickly as possible, so you aren’t held responsible for paying for any fraudulent charges that might show up on your card.

    Check your monthly statements carefully. Check to see if all charges on the statement are accurate, or if there are some that need to be disputed. Creditors usually fix legitimate mistakes if you mention them before you pay your bill.

    When looking for a new credit card, only review offers that charge low interest and have no annual fees. It doesn’t make sense to pay an annual fee when there are many credit cards that charge no fee.

    Don’t pay a bill with that particular credit card. Many people in financial trouble see this as a way to “buy time” to pay off the debt. However, the fees and interest rates for this type of transaction can cause a bigger emergency the following month.

    When applying for a new credit card or even two, don’t apply for more than that. Every time you fill out an application for a credit card it has a negative impact on your credit score. Be cautious of pre-approved credit offers. You will often find higher rates with these companies.

    You should not necessarily hesitate to pay one credit card with a different one, as long as one has far better terms than the other. This also applies if the cards have similar interest rates, but one offers better rewards or perks attached to it. Just don’t do anything rashly. Sit yourself down and carefully add up the numbers before deciding to pay off one credit card with another one.

    Never give out your credit number over the phone if you are not certain of the party you are speaking to. Scammers use this trick all the time. Only share your credit card number with trusted businesses and with the company that owns the credit card. People who contact you cannot be trusted with your numbers. Credit card thieves will say anything to get you to believe their story, and they are very good at it.

    Pay the minimum balance due each month on your credit cards, at the very least. Should you skip a payment, you are likely to notice a negative effect on your credit history, which makes future attempts at obtaining credit more difficult. In addition, you could pay an addition fee because many card companies tack on a hefty late-payment fee.

    Drop your credit card companies a line to notify them in advance if you are going to take an international trip. Oftentimes, a company won’t allow transactions to happen in another country because they seem a little suspicious. If the company is aware of where you’re traveling prior to you going, it will take away any issues when using a credit card elsewhere.

    There are lots of great aspects to credit cards, as they facilitate greater financial freedom and provide purchasing power. Along with the clear advantages credit cards offer, there are dangers to avoid. Used carelessly, credit cards can cause financial ruin. This article is loaded with advice to help consumers make wise decisions when using their credit cards.

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  • Improve Your Credit

    Finding A Good Lawyer To Help You With Your Bankruptcy Claim

    John Henry Iles OBE, memorial inscription, Parish Church of All Saints, Birchington
    personal bankruptcy
    Image by chrisjohnbeckett
    In Loving / Memory of / John Henry Iles OBE / Master of the Worshipful / Company of Musicians 1932-1933 / Who devoted his Life to the / advancement of Brass Bands / Died 29th May 1951 aged 79 years …

    Biography: "(John) Henry Iles (1871-1951), brass-band promoter and entertainment entrepreneur, was born at 8 Clarence Road, Bristol, on 17 September 1871, the son of John Thomas Iles and his wife, Mary Ann Butler. After leaving Ashville College, Harrogate, he entered his father’s timber business. At the same time he built on his strong interest in music to develop a business career of his own. A keen church organist, choirmaster, and singer, he began by buying the journal Organist and Choirmaster before turning his interest to the brass-band movement. He appears first to have encountered brass bands when attending a contest while on a business trip to Belle Vue, Manchester, in 1898. Almost immediately after this he purchased the band music publishing house, Richard Smith & Co., turning its journal, the British Bandsman (founded 1887), into the movement’s only weekly paper in March 1902. With its combination of regional news and gossip, technical hints, and extensive advertising columns, it rapidly became the most important element of the band press.

    "In January 1900 Iles, a highly effective publicist for the band movement, persuaded Sir Arthur Sullivan to conduct massed bands in a rendition of the composer’s setting of Kipling’s ‘The Absent-Minded Beggar’ during a concert at the Royal Albert Hall in London in aid of South African War charities. Building on the enthusiasm that this engendered and using Sullivan’s influence as a director of the Crystal Palace, he established the National Brass Band Championship, which was held at the palace from 1900 until it was destroyed by fire in 1936. Until the early twentieth century, brass-band contest music typically comprised operatic selections and Iles was instrumental in the decision to encourage composers to produce complete pieces specifically designed for the brass band’s distinctive configuration. In 1913 ‘Labour and Love’, an unsolicited work by the light orchestral and theatre music composer, Percy Fletcher, was selected as the championship test piece with this consideration in mind. Gustav Holst (1928), Sir Edward Elgar (1930), John Ireland (1932), and Arthur Bliss (1936) were among the many composers commissioned to produce test pieces in the next decades: Iles was especially proud of his achievement in securing a work from Elgar. The best of these pieces did much to increase the level of technical ability within bands.

    "These commissions, the positive publicity that Iles consistently brought to a movement prone to suffer from an inferiority complex, and, not least, his personal popularity, made ‘John Henry’ an immensely respected figure within the band movement. On his death, a number of obituaries termed him ‘our chief’ and many commentators clearly saw him essentially as a philanthropist and not a businessman. At a memorial service, the composer Eric Ball claimed that for Iles, the band movement was ‘a crusade, an ideal; material gain from it did not worry him’. Certainly, by the inter-war period, Iles seemed to see his band work as more hobby and social obligation than money-making venture, but this had not been the case at the outset, when philanthropy and profit fused in fruitful combination.

    "Iles’s band work also led him indirectly into the business ventures which were to be the eventual basis of the considerable wealth which he enjoyed at one stage. In 1906, he managed a ‘world tour’ undertaken by the Besses o’ th’ Barn Band, during which he was much inspired by the amusement parks of North America. He returned with the British rights to the switchback ride and with plans for the ‘scenic railway’, a feature which he soon introduced at Blackpool and the White City in London. Eventually Iles was to enjoy major interests in amusement parks in Barcelona, Berlin, Brussels, Cairo, Copenhagen, Paris, and Pittsburgh. In terms of the English outdoor entertainment industry, he was most closely associated with Margate, where he developed the Dreamland Amusement Park and the Cliftonville Lido on a seafront site purchased in 1919. He also had interests in greyhound racing, introducing the sport into Kent in the late 1920s, at which time he also became a director of Belle Vue, Manchester. Unsuccessful investment in the British film industry in the later 1930s effectively destroyed Iles’s business empire, a loss of some £250,000 resulting in his bankruptcy in July 1938. He resigned from all his directorships, though he maintained control of the brass-band National Championship until 1945, when he finally relinquished it to the Daily Herald.

    "Iles served as master of the Worshipful Company of Musicians in 1933. He was appointed OBE for his services to the band movement in 1944 and was also made an officer of the Académie Française. A keen sportsman, he was an occasional member of the Gloucestershire county cricket side in 1890-91 (he was proud once to have bowled W. G. Grace in a net practice), enjoyed a lifelong enthusiasm for golf, and wrote a cyclist’s guide to Bristol and its environs in 1898. In 1893 Iles married Eleanor Marion (b. 1869/70), daughter of Frederick Bird, a merchant of Midsomer Norton; they had a daughter and three sons, the eldest of whom, H. F. B. Eric Iles, took over a number of his father’s directorships after 1938. The family made their home at Birchington in Kent from the 1920s, Iles serving as a Margate JP from 1935 to 1938.

    "Iles died at his home, ‘Aurora’, Cliff Road, Birchington, on 29 May 1951 and was buried in Birchington on 7 June. He was survived by his wife. A well-attended memorial service, held at St Sepulchre’s, Holborn, saw a number of leading figures in the band world pay verbal and musical tributes to a man whose respect for bandsmen’s skills and commitment led him, directly and indirectly, into fertile business operations and the band movement into a level of public exposure beyond anything it had previously received."

    Source: Dave Russell (Oxford Dictionary of National Biography)

    Anyone who has had a personal possession, such as a car, repossessed by the IRS should consider bankruptcy. Bankruptcy can wreak havoc on credit, but it may be the only way out of your situation. The article below discusses some of the pros and cons of filing bankruptcy.

    Ask those you know if they have an attorney to recommend, instead of finding one on the Internet or in the phone book. There are plenty of companies who know how to take advantage of people who seem desperate, and it’s important to be sure your bankruptcy can go smoothly; take your time and choose someone you can trust.

    Getting unsecured credit post-bankruptcy will likely be difficult. If this is so, apply for a secured card or two. By doing this, you will be letting people know that you want to fix your credit score. In time, it may be possible for you to obtain unsecured cards.

    Do as much research as you can before making the decision to file bankruptcy. By analyzing your debt, you’ll be able to determine which of your debts can be discharged via personal bankruptcy filing. Certain debts, such as credit card debt for non-essential items, may not be discharged if they were incurred within 90 days of declaring bankruptcy. Make sure to check the laws that are specific to your state.

    Filing for bankruptcy may damage your credit less than missing debt payments. While bankruptcy will show up in you credit file for the next 10 years, you can begin the process of making your credit situation better right away. A great feature of bankruptcy is its ability to provide consumers with a clean financial slate.

    Do not despair, as it’s not the end of the world. You may be able to regain property like electronics, jewelry, or a car if they’ve been repossessed by filing for bankruptcy. If it has been fewer than 90 days since you filed for bankruptcy, it is possible for you to get repossessed property back. A lawyer will be able to assist you with filing the paperwork to get the items back.

    If you have no other choice but to file bankruptcy, do not feel ashamed about it. Bankruptcy filing can lead some people into depression. After you consider all the factors involved and determine that this is your only solution, then try to convince yourself that this is actually a positive first step in securing your financial future.

    Before you file for bankruptcy, be sure you know how to properly repay your debts. Bankruptcy laws generally prohibit certain creditors from being paid back 90 days before filing and family can be around a year! Know the laws prior to deciding what you are going to do.

    Don’t show up to your meeting with your bankruptcy lawyer empty handed. Take some time to list all questions and concerns you have before your first meeting together. Remember that lawyers charge lots of money for their time. This can save both you and the lawyer time, time which you can use to get through filing for bankruptcy. Be sure to grasp everything that is going on around you when it comes to bankruptcy.

    Prior to filing for bankruptcy, tell yourself that you cannot use the word “shame”. A lot of people have a negative opinion of bankruptcy, mostly because they misunderstand this procedure. Wallowing in these emotions benefits no one, and only serve to harm your own mental health. Maintaining a positive outlook during a troublesome financial upheaval is the best way to cope with bankruptcy.

    Now you can see why bankruptcy may be a good option for you. Of course, it may not be best for all situations and can even make your credit matters worse. Knowing how to best go through the bankruptcy process can reduce one’s troubles in the long run and make it easier to retain one’s possessions.

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  • Improve Your Credit

    Bankruptcy: A Complete Office Consultation with Expert Attorneys on the Most SAskedf Wuestions ASout New Personal Bankruptcy Laws Reviews

    Bankruptcy: A Complete Office Consultation with Expert Attorneys on the Most SAskedf Wuestions ASout New Personal Bankruptcy Laws

    Bankruptcy: A Complete Office Consultation with Expert Attorneys on the Most SAskedf Wuestions ASout New Personal Bankruptcy Laws

    Includes bankruptcy rules about: All the different types of bankruptcy, discharging tax liens, your residence, your vehicle, your pension, whether or not to use a lawyer, the debts that can and cannot be discharged, stopping collections in progress, difference between chapters 13 and 7, various exemptions from state to state, homestead exemption, child support and alimony payments and much much more.


    Credit After Bankruptcy: The easy-to-follow guide to a quick and lasting recovery from personal bankruptcy

    Credit After Bankruptcy: The easy-to-follow guide to a quick and lasting recovery from personal bankruptcy

    Whether you filed bankruptcy several years ago or last week, this book will show you how to make a dramatic and lasting recovery. Stephen Snyder and his wife, Michele, each had their Chapter 7 bankruptcy discharged in 1993. They were both so cash poor at the time that they had to borrow money from their families to file. Then, within months, obtained bank loans, major bank cards, start-up capital for a small business, and more – all using mainstream credit and without the aid of high-interest cr

    List Price: $ 29.95

    Price: $ 25.99

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  • Debt Elimination Strategies

    Do They Take Credit Cards in Heaven?: Economics in the Afterlife Reviews

    Do They Take Credit Cards in Heaven?: Economics in the Afterlife

    Do They Take Credit Cards in Heaven?: Economics in the Afterlife

    Economists claim that economics is everywhere. It’s in work, marriage, sports, and crime. If economics permeates all aspects of our lives, does it also show up in the afterlife? To answer this question, Bookman explores views of life after death, across cultures and throughout history. She boldly identifies economic concepts and principles in mythology, art, literature, religion and popular culture that help answer questions such as: Do the dead have jobs? What’s the price of admission to th

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