Before a loan is disbursed to a customer a detailed documentation is done by the credit giving companies ensure that all the legalities are in place and the borrower is aware of the terms and conditions of taking the loan. Within the stipulated time period neither the lender nor the borrower can go back on the basic agreement of loan disbursal.The same process is followed even in the case of unsecured loans like credit cards and personal loans....more
Credit card companies are experts in showing the rosy picture to people when they need to sell their cards. With a few shopping trips and spending, within the first 3 months, the picture changes. Now a person is left with a credit card with huge balance, thanks to hidden charges and interest rate. This card is no more relief to them now, in another 3 months or so, the individual might find himself searching for debt relief.Is there no way that a...more
Debt settlement companies provide professional support to the customers. The companies help the customers to reduce the interest rate. After the 2008 financial recession 70-80% of the customers are facing the challenge of debt. Job loss and financial crisis is forcing people to leave their bills unpaid. Every second person today is standing delinquent on their debts which ultimately end up in the hands of creditors who most of the time try to aggressively collect on the outstanding balance.Turning over accounts to debt collector's is heavy expense for credit giving institutions. It also mars the credibility of the company with its customers. Any harassment to any customer in the hands of collectors spreads word of mouth and does not do any good to the name of the institutions. These were some of the reasons when institutions found most of the debts going bad they decided to declare themselves bankrupt.Settlement programs have helped institutions and individuals to come to terms with each other. It helps the customer to negotiate with the institution as a result the customer gets lower rate of interest on his debt and the institution get back the capital invested in the market.To...more
The debt settlement company is a service based company for the customers to reduce the interest rate. After 2008 there are thousands of company operational in America. The challenge is to locate right kind of legitimate company. Many companies do not believe in fair trade practice due to which the customers get into trouble with their financial...more
The past two years or so have been tough ones for many. The credit crunch has has bitten deep and hard.We have been constantly informed by the press and on the television news that we are coming out of the recession. This news has been expounded a number of times and people are frequently given hope with this. ...more
What is a credit rating? Every consumer needs to know what their personal credit rating is. Every person in the United States has a social security number and this is used by companies to examine your credit history.Your credit score depends on three things, amount of credit issued, amount of credit available, and if payments are made on time every month. Negative items such as delinquencies and bankruptcies are listed at the end of the credit report.Having a good great rating is very beneficial to consumers. Many consumers do not think that anyone sees their credit rating besides their creditors. This is very untrue, many employers especially those who deal with money examine the credit history of applicants when they apply. Employers want to see that their potential job applicants are responsible with money.Having a good credit score can be beneficial to household finances. People with better credit scores get lower interest rates on credit cards and lines of credit. This can be a big cost savings for people because even saving five to ten percent off a month saves hundreds of dollars in fees.When you have a good credit rating it is much easier to get a reasonable car payment,...more
There are numerous shows on television showing you how easy it is to make money in real estate by flipping houses. If you believe these shows, you would think that flipping houses is an easy to make money. Like most things in life, you should take...more
Are you desperately in need of money to continue your education having known that it will help you a lot in your endeavor to find employment with better income? As a mom, it is your responsibility to provide the needs of your family especially your...more
When the credit crunch commenced in the first half of 2007 no one at first really took the situation too seriously.All through history there are times of rises and dips in the economy.When the general public heard that the Northern Rock was not as...more
Credit card (CC) issuers are facing tough competition and one of the best marketing strategies they came up with are low interest cards. Obviously, people are more attracted to a low interest rate CC and they're most likely to pay attention to these...more
BackgroundAccounting has been defined by the profession as The art of recording, classifying, and summarising, in terms of money, transactions and events which are, essentially, financial in nature, and interpreting the results accordingly.Accounting...more
History of AccountingBeyond Luca PacioliIn 1543, it is believed that the first book on accounting to be published in English was by John Gough. Entitled Debtor and Creditor, it was portrayed as A Profitable Treatyce.In 1588, John Mellis of Southwark...more