Understanding Household Financial Matters: Why Tax, Investments and Insurance Matter for Families
Published on 12/20/2020A family that saves more than it spends will do well in its quest to achieve financial security. However, knowing how to save alone isn’t enough. Families should also arm themselves with updated knowledge on family tax, smart investments, and insurance cover.
Debt Settlement Plan as a Bankruptcy Alternative: Negotiating Credit Card Debt to Reduce Monthly Payments
Published on 12/20/2020Individuals with excessive credit card debt or who are unable to pay medical bills are searching for a viable bankruptcy alternative. A debt settlement plan can help someone to become debt-free. Performing plenty of research at an early stage can enable someone to avoid a costly financial mistake and other related problems further down-the-line.
Existing Homeowners now Eligible for Tax Credit: U.S. Extends First Time Buyer Savings to Move-Up Buyers
Published on 12/20/2020In order to stimulate the lagging economy by encouraging home sales, the United States government has passed the Worker, Homeownership, and Business Assistance Act of 2009. In addition to extending the first-time homeowner tax credit, this bill adds a credit for existing homeowners who want to buy a new residence.
The $7500 First-Time Homebuyers Tax Credit: What You Need to Know about Qualifying and Filing for this Incentive
Published on 12/20/2020To offer incentive for homebuyers who purchased or plan to purchase their first home in this adverse economic climate, Congress included up to a $7,500 tax credit as part of the Housing and Economic Recovery Act of 2008. It is important to understand the requirements, qualifications, and filing instructions to determine whether or not one can take advantage of this credit.
Opening a Joint Bank Account: Tips for Shared Savings and Checking Accounts
Published on 12/20/2020Many married couples and family members find opening and using joint savings or checking accounts convenient and useful. With only one account, there is only one set of fees to pay and many married couples find pooling the money together makes budgeting easier. However, joint bank accounts are riskier than separate accounts.
Global Credit Crunch Hits Business: Business is unable to secure needed funding for operations
Published on 12/20/2020The public’s credit woes have been well documented in the print and broadcast media but lurking in the shadows, not receiving much attention at all is business’ inability to access credit for operations. This banking and liquidity crisis affecting business serves to magnify the problem the public is experiencing. The longer this crisis continues, the longer the unemployment lines will be.
Implications of Bankruptcy: Consequences of Filing for Chapter 7
Published on 12/20/2020Most people become bankrupt because they want a life that is free from debt and creditor contact. Although you can eliminate debt in just four months, there are several potential implications of bankruptcy that you should be aware of before you file.
Debt Management: Creating a Plan to Manage Debt in Any Environment
Published on 12/20/2020For a plethora of reasons, many Americans suddenly find themselves under a mountain of debt. This is particularly common in the midst of the worst economic environment in decades and seemingly never-ending job losses. Although it is understandable, it's neither acceptable nor unmanageable. With a bit of effort, that debt, no matter how large, can be eliminated.
When to Refinance a Home Mortgage: Criteria for Individual Financial Circumstances
Published on 12/20/2020Historically low interest rates are creating a surge in mortgage applications, and home refinancing is currently accounting for 79% of the application total. Many homeowners are taking advantage of low interest rates and finding themselves with more money in their pockets.
Consumer Debt Levels: Teaching Money Management to Kids
Published on 12/20/2020Because college students do not comprehend the responsibilities of handling credit cards, they are leaving college with large amounts of indebtedness, in addition to their student loans.
How Debt Settlement Services Can Help You: The Settlement of Debt at Up to a 50% Discount
Published on 12/20/2020Unsecured debt (charge cards, unsecured cash loans and repossession deficiencies) have spiraled out of control. According to an April 2009 Nilson report, the median level of unpaid credit card debt stood at $10,679 at the end of 2008. Debt settlement services are amongst the most popular ways of tackling money problems.
Debt Reduction With Chapter 7 Bankruptcy: An Overview of Straight Bankruptcy
Published on 12/20/2020Upon filing for a Chapter 7 bankruptcy (sometimes referred to as a Straight Bankruptcy), the court will appoint a trustee to gather and sell all of a person's assets in order to distribute the cash collected among existing creditors. In this way, debt is erased - but most of a person's assets are also lost.