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...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 taken by the customers to lead a hassle free life.Settlement services involve negotiation with the...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 credit card spending to run their day to day expenses. This lead to a major piling of debts as people kept on spending with minimum payments towards their cards. The American government finally intervened to put an end to the debt stressed life of people. The intervention was in the form of1. Stimulus money2. Tax cuts3. Personal Grants for financially affected people.The stimulus money brought back the liquidity in the market. Institutions wrote off debts and settled loans at very low rate of interest. Tax cut again increased the money flow which gave extra capital in the hands of businessmen to invest into the market and create more employment opportunities. Personal grants were given to people who were highly affected financially. They could use the money for any use they had even to pay back their loans.If we summarize the affect of the...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...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 they found themselves on the verge of financial ruin. The inability of the debtors to repay loans...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 form of settlement companies. There are many companies offering various services. The question in front of the consumer is which one to hire.The most common method would be to ask of people around you. Because of the recent recession many people have had to resort to settlement solutions. Moreover, the stimulus money poured into the market by the government has also made settlement popular with both the creditors and the debtors. If there is no one with the knowledge of such institutions, then one can look at the yellow pages or the directory. But like everything else nowadays, the best place to find a settlement company, is to look on the internet.All companies have their own web sites which describe their services in detail. Moreover, a consumer can look at the web sites of different companies, compare their services and make an informed choice. This kind of choosing will also be unbiased by someone else's opinion. But it is important...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
Many of the major media outlets are reporting every day about the demise of the dollar. And so many of them are also simultaneously reporting about economic stimuli and potential tax increases coming out of Washington. What most of these outlets fail...more
Small-cap investors have to be wary of the risks they take. Yes, its true that penny stocks are leading a potential rebound on Wall Street, and paving the way for economic recovery. But there are many roadblocks along the way. And wise investors are...more