Think before you buy it. Easier said than done, right? Most people find the urge to splurge quite hard to resist. Impulse buying is a dangerous habit and is the cause of needless debt. So how exactly do we avoid this trap when we are but mere humans, constantly subject to sale posters and marketing...
Category: Bankruptcy
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How To Avoid Insolvency
Personal insolvency is the umbrella term for any circumstance where an individual has insufficient money available to make their loan payments when they fall due. It’s a precarious position to find oneself in but has become increasingly common over recent years, with over 135,000 individual insolvencies in England and Wales during 2010 alone. Insolvency is...
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How You Can Avoid Bankruptcy
Did you know many Americans file for bankruptcy each year? To many, it seems like the easiest way to get out of debt. It can really hurt the future credit and livelihood of anyone who files for it. When a person files bankruptcy it can haunt them for nearly 10 years or more. This means...
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Top 5 Free Online Money Management Tools
With today’s economy being the way it is, everyone is trying to make their money stretch as far as possible. To help you manage your finances there are some good free money management tools available online. Yodlee Yodlee MoneyCenter is an online management tool that has been around for a long time. It is easy...
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Top High Profile Bankruptcy Filings In Recent Times
Some of the biggest companies and best-known brands in the world have been reported as filing bankruptcy at one time or another. Sadly, in the recent recession, many of America’s most respected household names have been the subject of much public scrutiny for filing bankruptcy under the laws of chapter 11. The largest case of...
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HAMP Still Not Performing as Projected
Reports out of the Congressional Oversight Panel have indicated that the HAMP (Home Affordable Modification Program) project has not lived up to expectations. The program, which began in March of 2009, when the Obama Administration published the Making Home Affordable (MHA) Program, gave mortgage services the tools necessary to begin defaulted loan modifications in the...
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How Making More Money Can Drive You Into Debt, and How to Avoid It
You’ve probably heard stories of people who have made vast sums of money and found that with every pay raise and paycheck, their costs increase, their savings diminish, and their debt mounts. It seems counter-intuitive, doesn’t it? Why should making more money actually cause a financial burden? One of the main reasons why making more money...
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Should I Trust My Lawyer’s Advice on a Bankruptcy Counseling Firm?
Bankruptcy Counseling vs. Debtor Education When a person files for bankruptcy under the bankruptcy code, he/she is required to participate in a pre-bankruptcy counseling course called credit counseling. After a bankruptcy has been filed, the person must then go through a course called debtor education to prove to the bankruptcy court that he/she is committed...
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Eliminating Your Debt in the Most Convenient and Creditworthy Way
Debt consolidation has always been beneficial over bankruptcy as far as creditor’s interest is concerned. Whereas with bankruptcy, creditors get nothing or very little from the debtor. The debt consolidation system shows positive and systematic money management in favor of them. Debt consolidation beneficial for both: Debt consolidation in turn could be extremely advantageous for...
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Credit Card Debt – Five Signs You Should Seek Help
The Average American has credit card debt balances that are quickly approaching ten thousand dollars. With soaring interest rates increasing the principal substantially, it is little wonder that more and more debtors are filing for bankruptcy every year. Fortunately, there are several debt relief alternatives to bankruptcy that can help you pay off your unsecured...