Many homeowners were relieved to hear about the $25 billion mortgage settlement deal that was reached just a few short weeks ago. As many states prepared to accept the offer, homeowners have been waiting for their share of the payout. However, news broke last week that not all states would be getting their funds and … Read more
Very few people end up over their heads in debt or in need of bankruptcy because of their overall money management habits, but it does happen. For most people, unexpected circumstances and economic pressures are the driving force behind their money troubles. However, staying financially healthy takes planning and effort, even for the most money … Read more
Debts are tricky business. Although debts can be beneficial to an extent, having too much debt or debt that cannot be repaid in a timely manner can quickly turn into a problem. While repaying debts is a responsibility, there are instances in which financial hardships result in the inability to satisfy this obligation. Chapter 13 … Read more
Most creditors will act tough and put up some resistance when it comes to negotiating debts. However, more often than not you can get them to play ball with a little persistence. Credit negotiations are not always easy, but you can successfully arrange a deal if you know how to pursue them correctly. Big Requests … Read more
The credit score. Something we all dread checking and most of us find disappointing. The one thing that is true of everyone’s credit score is that it takes time and effort to improve when it is down. Unfortunately, there is no easy fix for damaged credit. Whether the your accounts are delinquent or recently resolved … Read more
In addition to the government and several state organizations, an independent alliance has been formed to offer help to struggling homeowners. HOPE NOW is an alliance between mortgage companies, investors and financial counselors whose aim is to reach distressed homeowners and help them find a solution to their mortgage debts. Keeping Hope Alive HOPE NOW … Read more
Many people living with debt begin to feel the pressure when collectors start calling or they receive a foreclosure notice. While taking action to resolve debts is a good idea, there are other ways of managing money and debts that could be more effective. A smart money manager knows how to recognize a problem before … Read more
As one of the United State’s leading shipping companies, UPS announced plans to expand their reach into Europe by acquiring a new company. The company plans to acquire the Dutch based company, TNT Express. Global Business Looking to expand the gap between their rival, FedEx Corp, UPS’s plans for the new acquisition come at an … Read more
The short sale process isn’t for everyone. With additional effort of securing an offer, waiting for the lender to approve or deny the sale and the stress of the foreclosure looming, many people simply avoid the process altogether. Even though the process can be completed successfully, some lenders use a specific system for procedural guidelines … Read more
Recent studies have shown that less than one-third of Americans are financially literate. In other words, only one-third of us understand the importance of money management and have the skills necessary to keep ourselves out of financial trouble. This suggests that one of the main problems with personal debt in America is the failure to … Read more