Today the economic world is reeling in a state of shell shock and un-surety. Global markets made up of every big hitter like the USA, Germany, Britain, Japan and even China on its path of world domination have all fallen victim to what's known as the 2008-2009 world economy crash. We can't but wonder where the path of quantitative easing will bring us and what the future cost will actually be.During the turmoil that came from the economic crash,...more
Not so long ago, our new daughter lead her new dad up a wide staircase to the place she had called home only days before: a dreary, sixth floor wing devoted to children with special needs. Our little girl toddled excitedly in the direction of her old crib, which was aligned like a freight car in a crowded depot. There my daughters tiny bunkmate lay swaddled and almost invisible in the grey light. She gazed upwards in searching, wordless farewell,...more
Although we live in this world, the Bible tells us in Romans 12:2 that we should not conform to the ways of the world. As Christians, we are held to different standards, higher standards.Are we useless?If our actions are not aligned with what God wants, we are considered unfit and useless to Him (Titus 1:16). Can you imagine being told that you are useless? We are all made for a purpose. Each of our purposes is unique. That means that no one else can do what you are meant to do. Therefore, if you don't do it, God's plan will not happen as He designed.We might see others in the world who are not Christians but have been extremely successful (financially or otherwise) during their lives. It is easy to question why they have been fortunate enough to enjoy things that we may never get the chance to experience.Avoid comparingHowever, as we prepare for retirement and other important financial milestones in life, we should avoid comparing ourselves to others. First, we don't know what that person went through to get to that point in life. That success could be the result of years and years of struggle.Second, we don't know the reality. The success could be a façade. ...more
Debt settlement program settle credit card debt and other unsecured debt for the customers and helps them to lead a debt free life. It has been seen that settlement companies not only negotiate the interest rate at which the debt has to be paid but also the actual debt bill is reduced remarkably by 40-60%. Settlement services are a wise decision...more
In the current financial situation of America the companies are looking forward to the bailout packages sanctioned by the American government. People have currently lost jobs and living off their savings. The next set of people who have jobs have faced job cuts and are unable to make their ends meet.Due to a major cash crunch people resorted to...more
When facing bankruptcy, most people prefer to negotiate with creditors and reach a settlement of their debts. But this can have both positive and negative effects on your financial health. Although an attractive option, debt settlement has its own set of pros and cons.The most attractive and important result of opting for debt settlement is that the payable amount is reduced by almost 40% to 60%. Financial institutions give debtors this option because they get a lump sum amount. One payment will end the stress associated with collection calls. Moreover, if you negotiate well the creditors may also waive off the interest amount on the total debt amount. They may also waive off the penalties and late payment charges. Creditors may also allow him or her to pay the reduced amount in easy monthly installments. The creditors are very accommodating to the debtors nowadays. This is because they understand that if the debtor files for bankruptcy, they will not get any money. They also give remarks which help in rebuilding a debtor's credit scores.On the other hand there are a few cons associated with debt settlement. For instance, there may be trouble if a loan is a secured one and the...more
Some financial experts say that the current recession in the economy is more serious and dangerous than the depression of the 1930s. A lot of individuals and businesses took large loans and risks believing that good times would last forever. Suddenly...more
In the face of financial ruin and bankruptcy, most people feel helpless. Not having any formal financial training they do not know what to do to avoid financial disaster. But nowadays there is a popular and easy solution for debt management, in the...more
Nowadays, in any industry the relationship between small and big firms is mutually beneficial. Neither of them can exist without the other. The same applies to financial institutions as well. Large money lending institutions and credit card companies...more
Most of us are not properly aware about how to manage finances. Where most people go wrong is credit management. Due to wrong credit management people often end up in difficult financial situations. There are many other reasons why a person may find...more
People are falling in despair because they are up to their eyes in debt and do not pay how to pay it out. In a desperate attempt to come out of the situation people tend to commit mistake which further enhances the problem. People start borrowing...more
The financially ailing citizens of America have been looking upwards towards the government to get out of debt. The major debts which have been worrying individuals are:1. Credit card debts2. MortgageCredit card debt being an unsecured debt has...more