Fix Your Credit Report TodayI Got Bad Credit Removed! I Raised My Score Over 200 Points!

The Consumer Credit Protection Act categorically provides under Title VIII the FDCPA of United States, otherwise known as Fair Debt Collection Practices Act of 1978. The Federal Trade Commission is a regulating body to ensure strict compliance of the provisions of FDCPA. The Act is enacted to protect equally the fair debt rights of both the creditors and debtors. As observed to be the subject of deliberate debt collector harassment, FDCPA intends to forestall abusive practices of debt collectors and creditors, outrageously demanding full settlement of consumer debts. Being at the losing end, the right of creditors to collect what is due them is likewise guaranteed. Read more…

Foreclosures and Bankruptcy – Protecting Your Home

Losing a home to foreclosure can be a stressful occurrence. Purchasing a home normally means a long term commitment to a mortgage and financing for the purchase of the home. When a person is no longer able to afford the payments on the property for whatever reason the result usually is a bank foreclosure on the property.

Persons who are having difficulties in making mortgage payments normally ask what should I do in a home foreclosure? If it seems inevitable that the payments cannot be brought up to date and refinancing is not an option the home owner should consider a bankruptcy proceeding.

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Bad credit personal loans are offered to people in need of financial assistance but cannot qualify for regular loans because they did not meet the required credit score.  Are you in the same situation?

It is a relief to know that there are lending companies willing to extend financing to the bad credit market.  Yes, you can turn to bad credit lenders for help in case you need to take out a loan for an emergency.

Secured and Unsecured Loans for Bad Credit

Loans for bad credit can either be secured or unsecured.  For instance, if you are a homeowner, you can use your home as collateral for your debts to get a lower rate.  Secured bad credit loans generally carry lower interest rates because they are guaranteed with the borrower’s property. Thus,

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In the wake of such economic downturn when debts and other financial deficits are playing dirty with our personal and national finances, all we desire is financial independence. But how many of us can truly accomplish it? However we received help from the debt management plans and debt relief options provided by the debt settlement companies; but we certainly need much more than this to keep our monetary troubles at a bay. We need to explore and experiment with the various ways of achieving financial independence. Being financial independent has got a lot to do with being economically self-sufficient and that, however easy as it may sound, is itself a monumental task for many. Read more…

Here’s an article about bankruptcy statistics for businesses in Maryland.

What I liked about it was the analysis; business owners are realizing that they can close their business and not bother filing a business bankruptcy.

So don’t misinterpret the data; this doesn’t mean that the depression is over!

An important part of putting together an IRA, 401 or other qualified plan is appointing a beneficiary. On a positive note, this helps ensure that upon your death, any remaining account balance will transfer directly to your heirs without going through probate. On the negative side, your heirs might lose up to 80% of the account’s balance to income and estate taxes, both federal and state.

On other assets, heirs pay less or even no tax. Read more…

Debt collection calls and collector harassment letters are definitely frustrating but before contacting a debt attorney there are things you can and should do on your own. Few people realize there are rules and regulations debt collectors must adhere to especially where collector harassment is concerned. There is a difference between in-house collectors and 3rd party collectors. Every business has an accounting sector ready to institute debt collection procedures. After about 3 months, most companies will turn the debt over to a collection agency. At this point a 3rd party collector buys the debt from the original owner. Read more…