Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services.
Until the political importance of Glass-Steagall is recognized, financial reform is doomed. Captured regulators will implement milquetoast versions of reform laws, and Congress will entertain amendments to slowly repeal the reforms.
Mailers promising all sorts of relief that try to appear as some sort of official notification are still going out to consumers. These mailers are problematic in my opinion because they state benefits without much information to fill people in about what is going on.
If you are not great at managing your money, a slow period can be detrimental to your business, and for some can result in getting so behind that catching up is almost impossible. For some, the only solution is business bankruptcy.
The United States offers protections to individuals who have suffered persecution, or fear that they will suffer persecution, due to their race, religion, national origin, political opinion, or membership in a particular social group.
Bill Westrom just sent in an article to me to post on my GetOutOfDebt.org site and it was so on track with what I have been trying to get across to people. I had to share it with you.
An individual may have concerns that an heir will recklessly waste an inheritance or, even if placed within a trust fund, in some manner sell (via fin...
For mid-career workers, education is a great way to remain vital in the workforce. It can also be a risky financial investment. Experienced workers should fully investigate all degree and training programs for maximum payoff.
In the past couple of months several of my bankruptcy clients received letters from Bank of America releasing them from all liability on second mortga...
Some businesses and individuals are forced into filing for bankruptcy due to bad decisions or just plain bad luck. The number of cases has fallen nationwide, but with entire cities filing for bankruptcy, the ripple effect of each bankruptcy can still be enormous.
When you're in the trenches of a financial failure, filing for bankruptcy can feel like the end of the world. But if you take a step back, evaluate your situation objectively and make a plan, you'll quickly realize that your situation is not as bleak as it feels right now.
How do you go from being on top of the world with a multimillion dollar contract to filing for bankruptcy? By spending like it is never going to end. Former football superstars are finding that out the hard way.
My students are left facing a quandary: if they don't spend thousands of dollars to get educated, they won't end up earning the money they need to afford a middle class lifestyle. But if they borrow the thousands of dollars for an education, they'll end up spending their careers burdened by debt.
Debt is the four-letter word Americans hate to hear. Today, the average American household has debts totaling around $7,200. According to Aimee Picchi on CBS Moneywatch, American household credit card debt is increasing despite the fact that average household earnings have not experienced a similar increase to account for that new debt.
Not all consumers would be willing to adopt that approach but recent cases confirm it can be a successful strategy to crawl out from under life crushing student loan debt.
The economic crisis in the island is suffocating the people. Water and electricity bills have skyrocketed. Public services are far, way far, from good.