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Debt Consolidation and Bankruptcy

The decision to choose between debt consolidation and bankruptcy arises if you have reached at a point where you simply can not keep up the payments regularly then you might have to consider either debt consolidation or bankruptcy as a debt solution.

Without having enough knowledge about each, it seems both are easy and effective to get rid of debt problems. Although both debt consolidation and bankruptcy has their own advantageous and disadvantageous, debt consolidation seems to be a better route when compared to bankruptcy because as most of the people think bankruptcy is the end of debt problems which is not the case.

Debt consolidation means consolidating all unsecured debt from different creditors into one large debt amount. To consolidate you must have to sign a contract with debt consolidation service provider, who will arrange consolidation loan with which you can pay off all the debt with creditors in one go and pay monthly to debt consolidation service provider.

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Tags: Bankruptcy, Debt Consolidation

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Taking Your Clients With You

Taking Your Clients With You
by Takara Alexis

One important quality in becoming a successful consultant is your capability to network and get work from your contacts. Your former colleagues and bosses can pass you leads regarding clients, and bring you in to work on projects that are being done by your former company.

Taking your customers might pose legal problems if you’ve already signed an agreement not to compete or solicit customers of your previous employer. Still, many agreements aren’t enforceable and others give loopholes that would allow you to work for your former employer’s customers in specific instances. Having a business lawyer review your agreement will provide you with the information you want to stay away from legal troubles while starting up your new business.

Once you have given your notice, let your number one clients know that you will be leaving. The topic of what you will be doing will inevitably come up in conversation. Read full article…

Tags: Clients

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More than 4 million fear they`ll be made redundant

According to R3`s quarterly personal debt tracker, more than 4 million (an estimated 4,258,737) people fear they`ll be made redundant.

The insolvency trade body found that those aged between 25 and 34 are the most worried about their job, with 16% `expressing a concern`.

Since the third quarter of the year, the number of individuals `experiencing each sign of financial distress`, has increased – with a 60% rise in the number of people falling behind with some of their bills and payments.

Over one in four people admit to saving less than usual – 3% higher than in Q3 2010. More than three million people have taken on debt during the last quarter.

Steven Law, R3 President, said: “These figures make grim reading. The number of people who have admitted to struggling has rocketed over the last three months, but this is just the tip of the iceberg. Read full article…

Tags: Made Redundant, Redundant

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3 Steps to Successfully Renegotiate Your Rent

Unless you’ve been featured in Forbes, you probably have rent or mortgage payments that have become a bit harder to handle since the recession hit. Thousands of renters out there continue to pay more every year because the landlord wants to account for “inflation.”

Wages Down, Rents Up? Take a Stand

Income has dropped nearly five percent, yet rent has risen. Income across the country dropped between 2008 and 2009; many people lost their jobs altogether. With so many people being unable to afford rent year after year landlords have to come to terms with the fact that some money is better than no money at all. Sure it is arguable that the economy is picking itself up, but it still hasn’t even recovered to what it was which means landlords and realtors alike are in bad shape. With the housing market in the tank, this is the perfect time to start paying less.

How to Bring It Up

You have to approach the topic tactfully. Simply

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Tags: Renegotiate Rent, Rent

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Major credit card company reports drop in November charge-offs

Citibank is reporting a drop in consumer credit card charge-offs for November. In October, the Citibank reported charge-offs at the rate of 10.27 percent , but charge-offs for November fell to 9.4 percent. Charge-offs provide a method for credit card issuers to remove uncollectible accounts from their books, and the process typically occurs after a credit card account becomes 180 days delinquent.  Citibank, a major issuer of consumer credit cards is also reporting that its delinquency rate for credit card accounts also fell during November. This news could signal a trend toward a consumer “wake up call” and continued efforts toward liquidating credit card debt. Debt consolidation can be a first step toward reducing the cost of existing credit card debt. Is debt consolidation good for resolving debt? The answer can depend on individual circumstances.

Debt consolidation loans and unsecured debt consolidation plans

Debt consolidation is the process of rolling several loan or credit card balances into one loan with lower finance charges, or annual percentage rate (APR). This st

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Tags: Credit Card, November

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