Archive for December, 2009
What is Wage Garnishment?
What is a wage garnishment?
A wage garnishment is any legal or equitable procedure through which some portion of a person’s earnings is required to be withheld by an employer for the payment of a debt. Most garnishments are made by court order. Other types of legal or equitable procedures for garnishment include IRS or state [...]
Prevent Foreclosure
If you fall behind in your monthly house payments, the seller or lender may try to take the house back. This is generally called foreclosure. If a house is foreclosed, you may lose not only your house, but also all of the money you’ve invested. A foreclosure or a deficiency judgment could seriously affect your [...]
Read Full Post | Make a Comment ( None so far )Debt Settlement Pros and Cons
Debt settlement can be a very effective strategy for paying off your credit card debt. But it is not the right strategy for everyone. How do you know if settling your debt is right for you?
Here are some debt settlement pros and cons to help you decide:
Pros:
- You will pay off your debt for less than [...]
The 3 worst debt consolidation moves
The phrase “debt consolidation” has always had a magical ring to me.
As if somehow, someone would have the power to mush my debt into one neat little package, which by some incredible financial alchemy would also then shrink the debt itself — and I’d only owe a hundred bucks or so.
I know I’m not the [...]
How to Request a Debt Consolidation Loan quote
A debt consolidation loan creates a new loan secured by your property and pays off most or all of your debts, saving you money and saving your credit. Lear how, step by step:
Instructions
Step 1:
Add up all of your debts. Include all credit cards and loans.
Step 2:
Check the interest rates you are paying on [...]
Consolidate your Bad credit debt loans
Instructions
Step 1:
The days are becoming bitter and hard to pass because every tickling sound reminds you of the bad credit issues. The bad credit disrupts the credit and people are barred from availing financial aids. Debts add insult to injury. But now this tale will become a past in your life if you consider the [...]
Comparing Your Current Monthly Debt to a New Consolidation Loan
Current Monthly Debt and New Consolidation Loan
Step 1:
Create a column for the name of the company you owe, the total amount you owe, the minimum monthly payment, or the usual payment you make, and the interest rate.
Step 2:
Add up the grand total of your debt and the total monthly payments you are making.
Step 3:
Add up [...]
