Posted on Saturday, 11th December 2010 by Gregory T
It’s a temptation many of us face every time we bring in mail from the mailbox: should we use those free 0% interest balance transfer checks that come packaged with credit card offers?
With many Americans now carrying debts of $10,000 or more on cards that charge anywhere from 20% to 35% interest, a low- [...]
Tags: Balance Transfer, Balance Transfer Checks, Checks, Transfer Checks
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Posted on Tuesday, 7th December 2010 by Gregory T
It looks like American workers could be getting a raise next year, albeit a small one.
If the tax agreement between President Obama and legislators passes, one of the provisions will reduce the Social Security payroll tax rate from 6.2 percent to 4.2 percent. For someone making $60,000 a year, that’s an extra $1,200 in annual [...]
Tags: Workers, Workers Debts
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Posted on Thursday, 2nd December 2010 by Gregory T
It looks like even mortgage companies are feeling the holiday spirit this time of year.
Freddie Mac recently announced plans to stop foreclosures from Dec. 20 to Jan. 3 – long enough for folks to stay in their homes during the Christmas season. Fannie Mae has pledged to halt evictions as well. With millions of [...]
Posted on Saturday, 27th November 2010 by Gregory T
People who are burdened by debt or strapped for cash are entitled to file for total bankruptcy or any other types of it so that they can have a fresh start and a second chance in their lives. These bankruptcy laws are aimed to give honest debtors a shot at redemption. Total bankruptcy and a [...]
Tags: Fresh Start, Start
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Posted on Friday, 12th November 2010 by Gregory T
Score another one for the consumer. Debt settlement companies are no longer allowed to charge upfront fees, thanks to the Federal Trade Commission’s attempt to clean up shady debt relief practices.
That must make debt settlement a good deal, right? Unfortunately, that’s not the case. There’s a reason that debt relief companies – or scams, [...]
Tags: Debt, Debt Settlement, Debt Settlement Companies, Settlement Companies
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Posted on Monday, 8th November 2010 by Gregory T
How do you manage debt when the only steady thing in your life is, well, your debt?
It’s a question many Americans are asking themselves this season. Just when we’re gearing up to buy all the trimmings for a Thanksgiving dinner and Christmas gifts for friends and family, our employers are cutting our hours and paychecks. [...]
Tags: Debt, Debt Doesnt
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Posted on Wednesday, 3rd November 2010 by Gregory T
Although section 541 includes within the property of the estate both equitable interests and property that is recovered pursuant to section 550, in cases where the estate’s equitable interest is based on the fact that the debtor fraudulently transferred the subject property, the estate includes only the equitable claim for its recovery and not the [...]