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Posts Tagged ‘credit’

Other ways to get out of debt besides bankruptcy

November 3rd, 2018 Comments off

Contrary to what many people believe, bankruptcy is a legitimate way of getting rid of overwhelming debt and getting a fresh financial start. Far too many people avoid bankruptcy out of embarrassment or because of poor advice when it might be the best solution in their situation. Still, declaring personal bankruptcy should not be treated as a casual event, but rather as a serious financial step that has long-term consequences.

By all means, try to get out of debt without filing for bankruptcy. There are many options that you should consider carefully before talking to a bankruptcy lawyer.

So how can you get out of serious debt without actually declaring personal bankruptcy? Well, there are no overnight solutions unless you win the lottery or get an inheritance. (And you shouldn’t count on either of these. If they happen that’s great, but they rarely do.)

It’s important not to panic, and one way to avoid this kind of stress is to simply get the facts. Get together all of your documents so you can calculate exactly how much you owe and compare this to your current income. This might seem unsettling, but it needs to be done.

Are you willing to make some sacrifices in order to get out of debt? In many cases all it takes is some reasonable sacrifices in order to pay off your debt. However, if you couldn’t pay it all off within a few years (even after some changes to your budget), then bankruptcy should be considered.

Have you considered getting an extra income through a part time job or stay at home business? It’s amazing how quickly your debt can be reduced if you have a little extra income that is devoted solely to this purpose.

Working with your creditors may also work to reduce your overall debt load. If the company knows how bad your financial situation is, it may be willing to actually lower the amount of debt that you have to pay or at least work out some sort of repayment plan for the long term. Unfortunately, companies rarely consider these options unless you are really behind and have already damaged your credit. Even then, getting them to agree to a settlement is not that easy.

Of course, you should never make a decision hastily. Instead, discuss your finances with your family and ask a good lawyer about the consequences of bankruptcy.

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Use This Real Estate Information To Your Advantage

August 4th, 2018 Comments off

The real estate agents work by linking together the two interested parties and charging a commission for their services. For sales, they charge commission only to the seller but for rentals (i.e. agent managed rentals) the commission is charged to both parties involved in the transaction.

The other interested party (i.e. the buyer/tenant), gets access to this information by contacting the real estate agent. Thats how the real estate agents become a hub of information.

Real estate agents would generally know the prices of various properties of different types and at various locations in the region.

It also takes into consideration the surrounding areas and the real estate trend in those areas. So, this real estate school of thought is really followed by arch real estate consultants/investors who know a lot about finance and put all that knowledge to use in determining the trends for real estate industry. However, that is just one real estate school of thought.

However, it is worth noting that real estate agents work on sellers behalf. So, beware if they are trying too hard to sell a property.

The real estate appraisal is done using various methods and the real estate appraisal values the property as different for difference purposes e.g. the real estate appraisal might assign 2 different values to the same property (Improved value and vacant value) and again the same/similar property might be assigned different values in a residential zone and a commercial zone.

A good real estate investor would evaluate the property on the basis of the developments going on in the region. So real estate appraisal as done by a real estate investor would come up with the value that the real estate investor can get out of the property by buying it at a low price and selling it at a much higher price (as in the present).

A real estate investor will generally base his investment decision on this real estate appraisal that he does by himself (or gets done through someone). So, can we then term real estate appraisal as a really real real estate appraisal?

I like sharing my knowledge about real estate and other, mostly finance info. I also owna webpagein Dutch called goedkoopste hypotheek and hypotheken.

Do You Understand Chapter 13?

July 24th, 2018 Comments off

The global financial crisis was a downturn of such unprecedented scale that many Americans were caught completely unawares and far from prepared. Without easy credit available many Americans found that their liabilities and expenses far outweighed their ability to pay for them. The number of bankruptcies filed increased dramatically due to the tightening of credit markets.

Many people considering filing for bankruptcy think of the more traditional Chapter 7 bankruptcy procedure first. This typically involves the wholesale liquidation of the petitioners assets, although there are some items that are exempt. Most unsecured debts, like credit card debt and medical bills, are discharged. Today, the United States Trustee who oversees Chapter 7 bankruptcies also imposes a strict means test, which may deny Chapter 7 relief to persons making enough money that the bankruptcy claim appears to be abusive.

However, there is an alternative to Chapter 7 bankruptcy available, Chapter 13 bankruptcy. Chapter 13 bankruptcy is also known as reorganization bankruptcy because it involves reorganizing the debtors finances in such a way as to allow eventual repayment. The Chapter 13 option is useful for people that have nonexempt assets that they wish to keep (assets that would be liquidated under Chapter 7) or people that have a predictable income and can technically pay off their debt if it is adequately restructured. Importantly, Chapter 13 also extends special protection to third parties that may be liable for debts, such as a co-signer or spouse. Unlike a Chapter 7 liquidation that discharges debt within a few months, Chapter 13 filings lead to the creation of a Chapter 13 reorganization plan that remains in effect for three to five years.

There are certain restrictions that come into play when considering a Chapter 13 petition because it is a reorganization of finances rather than a discharge of debts. To be eligible a debtor must be able to demonstrate a reliable income that will be steady for the duration of the reorganization plan. Once a steady income is proven, then living expenses are subtracted and if there is money remaining to make significant payments the petitioner will qualify. However, any unsecured debts over $336,900 and secured debts over $1,020,650 will disqualify a petitioner.

Along with the above restrictions, stockbrokers and commodity brokers are not permitted to petition for Chapter 13 protection, for business or personal finances. However, most people will qualify in spite of the basic restrictions involved.

Because the filing process for a Chapter 13 is so complicated, the filer needs the help of a professional to make sure paperwork is correct and complete. Because it is a bankruptcy a fee will generally be required up front before the professional accepts the job and it is important to begin the filing process before the situation is too dire. A Chapter 13 bankruptcy can be a good solution for professionals and others with a solid income; self-discipline is absolutely necessary to make the reorganization work the way it should.

Wendy Polisi is the founder of Credit Repair College and Finance the Dream. Credit Repair College empowers people to take control of their financial future by learning everything they need to know to repair credit on their own. For more information on credit repair please visit them on the web. Finance the Dream offers lease options throughout the United States.

Sears Credit Card Now On Offer

July 23rd, 2018 Comments off

The current recession means that many people despair of being able to get access to credit and this could be true even if they have a good credit history. But now there is a potential solution to your problem with the introduction of a Sears credit card.

The card has two benefits for users and this is definitely something that makes it more appealing than others. Firstly you are able to gain a new line of credit which is of course a good thing and then secondly, you can also enjoy the fact that there is a massive variety of goods on hand from Sears for you to choose from.

Sears is really well known in the States and this is also true in other countries too. It is a massive retailer that is able to offer clients the best prices on a huge range of goods, thanks to its superior bargaining power. If anyone is looking for anything they are likely to find it at these stores. The company sells all sorts of things such as toiletries and even furniture and of course a whole bunch of other things.

If you think about it, now is actually the perfect time to think about your next shopping spree. Given that it is August most people in the Northern Hemisphere are faced with two very important times in their lives. Firstly there is the fact that it is the height of summer and everyone is keen to get out and enjoy the sun. If you are going to go on a holiday you may want to consider a camping trip. Not only is hit a chance to experience the great outdoors, but if you are worried about your finances then this is also a cheaper option.

Sears has all you could possibly need for a camping trip. As a point of departure you should make sure that you get a good tent. Remember you need to be protected against a summer squall. Sleeping bags will also be necessary and then of course a lap. A gas or hurricane lamp is what you will need for emergencies and to make your way to the camp fire in the dark. You also want to get great cooking gear to whip up excellent meals.

Going back to school is almost upon us as well and this is the second reason why it is a good time to go shopping. There is bound to be something just right for your children as they make their way back laden with books and bags.

So go out and spoil yourself and apply for the Sears credit card.

For more information and tips on Sears credit card, credit cards for bad credit people and applying for a credit card visit Credit Card Offers

Real Estate In Arizona And California

July 15th, 2018 Comments off

Arizona real estate market is really hot. The centre of a lot of action in Arizona is Phoenix metropolitan area. However, when it comes to real estate investing, every area is hot.

That said, even if you have chosen the region for investing in California real estate, you need to be careful with selecting the location in that region i.e. the California real estate piece that will fetch you good profit.

If you are looking to get a piece of Arizona real estate for yourself and your family, then you need to consider a lot of different things which will also influence your perception of the lowest (or the best price) for that Arizona real estate piece.

You could also partner with the local attorneys in the region i.e. attorneys who handle property matters in case of death, divorce, defaults etc. These people can give you good leads on California real estate investments. In such cases, whoever gets the information first gets the advantage. You can really lay your hands on some good California real estate deals in this way.

So with the California real estate prices rising (as always), investing in California real estate does seem like a great idea.

Real estate investment can happen for various reasons. You could invest in real estate because you need a house for yourself (that house of your dreams that you so badly want).

Real estate management demands time, which you will rarely have. Real estate management is not just about finding tenants and collecting rent from them. Real estate management is also about ensuring that you do all the duties that a landlord/landlady is required to do.

Though hiding your motivation will be a bit difficult, nonetheless give it a good try. If you are looking for Arizona real estate just for investment purposes then you would probably have a lot more time on hand to evaluate various properties before you actually go ahead with one.

So, really, real estate management is not that easy a job for someone who is in a full time job. However, there is a solution to this and that is hiring a real estate management firm to do all these activities on your behalf.

Real Estate is what I write about many times. I also have a pageabout mortgages in the Netherlands, i’ts named: hypotheekrente and hypotheek rente