Most of the time it happens that we forget or not able to keep the record of our debts. And we get to see such scenario like If you're behind in paying your bills, or a creditor's records mistakenly make it appear that you are, a debt collector may be contacting you. And there where the scenario of debt collection starts. So to avoid such embrassing situation the Federal Trade Commission (FTC), which is a consumer protection agency, enforces the...more
People should be aware of different aspects of debts before dealing with it. Usually when you're sorting out how to pay back your debts, you should identify the most important ones. These are called your 'priority debts' and should be settled first. You can share more in detail about debts with experts and debt agencies. People should know that the most important debts aren't necessarily the biggest ones. But the priority debts are ones where...more
Debt Syndication refers to the process through which a company acquires a large loan through a number of investors or companies. Companies generally use this option when they wish to raise funds for a new business venture or to save the company from bankruptcy. Role of a BankQuite often banks end up as the prime lenders to a company. Since banks are generally averse to taking risks, they may employ debt syndication to reduce their outlay. Generally, banks advance a little money by way of loan and act as a principal in arranging a deal between the various investors. They take this loan to a group of investors and sell the remaining part of it to them, thereby reducing their risk considerably in the business venture. Since banks are wary of underwriting large loans, they use this route to reduce the initial risk.Who are the Investors Banks are not the only entities that take part in a debt raising deal. Some of the other firms that share the cost of investment include investment firms, insurance companies, credit unions, securities firms and individual investors to name a few.Process of RestructuringCorporate debt restructuring is the most preferred route of companies that are on the...more
The Stars of TexasTexas is commonly called the Lone Star State. This state provides tourists with many opportunities to explore. There are wonderful cities here to pick for vacation. Texas vacations are wonderful trips to plan. Austin, Dallas, and Houston are popular cities in the state. Each of these cities is unique and offer vacationers...more
Sometimes it is just a combination of bad luck or an unfortunate accident, but often circumstances puts a consumer on the verge of bankruptcy. Getting help from a consumer debt counseling service can help prevent a declaration of bankruptcy.Money problems can be one of the worst situations in life, and it makes a person feel very alone. Talking...more
Many of us have debt whether it's a small mortgage or a stack of store cards but there often comes a time when we don't want all that debt hanging round our necks. For some who are in lots of debt it can make life hard and it could start to affect relationships with people around them to the point where they end up very down over it. But the fact remains that there is always something you can do to alleviate this.The first thing you must do is prioritize and look at your situation, you need to write down all money that you have coming in every month and what is owed out. Some people may panic at this stage when they realise that their outgoings are higher than their income but you really can manage this.After you have done this you will have to prioritize your bills and what needs to be paid each week or each month. Of course things like rent, mortgage payments and taxes will come first, after this is food and utilities such as electricity and water as you need all these things to survive and stay in your own home comfortably. The last thing you want to get in the middle of all this is an eviction notice.Now is the time to look and see what else is really essential, what can you...more
Saving Money on Last Minute CruisesIf you think a last-minute cruise to an exotic destination is well out of your price range, you are probably mistaken. There are plenty of ways to save on last minute cruises. The first thing to consider is the...more
[removed]// // ]]>[removed]The author has written many articles on credit debt settlement. He is highly regarded for giving valuable advice on various debt related issues/problems.Debt Settlement Secrets That Your Lender Won't Tell You By:...more
Do you know any debt collector using abusive languages or conducting unfair or deceptive practices to collect due payments from you or your known ones? Yes, it may happen if you are running short of paying the bills or there is a falsified creditor's...more
You're probably reading this question and wondering are you kidding me, I don't think that my finances are sick, maybe a few problems here and there but what does a diagnosis have to do with my personal finances? Well, if you're having a problem with...more
Collection agencies basically paid for their services to collect debts for creditors. They earn commission or bonus for recovery of loan amount. They use a lot of different tricks to force you for repaying your unpaid debt. So that they can get their...more
Why Book Birmingham Flights OnlineAt the time you have decided to visit Birmingham, you might consider booking a Birmingham cheap flight in order to save some money. You have many options for getting a cheap flight to Birmingham and the best of them...more