Aug 31
As consumers continue to struggle under the weight of a lagging economy, many Americans are trying to refinance their car loans.
Unfortunately, scammers have taken notice and are increasingly trying to bilk people of their hard earned cash. According to Rosemary Shahan, the president of Consumers for Auto Reliability and Safety, car loan scams are a “problem just about everywhere.”
Shahan recognizes that many people are able to refinance their car loans, but warns that “the way to do it isn’t to go to these companies who are out there advertising, ‘We can miraculously get you out of this excruciatingly bad deal.”
A recent article from MarketWatch provides some tips aimed at helping you avoid car loan scams:
- Choose wisely: If you want to refinance your loan, don’t opt for a group that heavily advertises its miraculous refinancing abilities. Instead, choo
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Tags: Car Loan, Loan
Aug 30
Bowie Kuhn, Baseball Hall of Fame inductee of 2008, former legal counsel to Major League Baseball for 20 years, and former Commissioner of Baseball for almost 15 years, was once accused by creditors of selling his home in New Jersey and fleeing to Florida to avoid bankruptcy proceedings. That accusation was made according to news articles written in 1990. In fact, the creditors claimed “he was hiding from the bankruptcy of the defunct law firm that bore his name,” and he reportedly left the day before his creditors filed bankruptcy proceedings. Whether or not these accusations are true is hardly the point. The point is, no matter who you are or how famous you are, you cannot hide from bankruptcy. His
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Aug 30
Debt consolidation can sound like music towards the ears of someone who has large debts divided up into many lenders. However, this can easily turn into a very much larger monetary dilemma than you may picture if it is not approached within the right way. Most individuals who seek a magic wand to become waved more than their debt are typically a credit history risk currently. These folks hand the lender just what he needs on the silver platter to charge them a monstrous interest rate on any bank loan he offers. Although this could be a great way in tips on how to consolidate your debt, it’s going to also mean that you’ll possibly be having to pay an unbelievable curiosity rate. It’s
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Tags: Debt, Debt Consolidation
Aug 27
What happens to your debt after you die is not a topic that’s likely to come up on its own at the dinner table, but it’s a good idea to talk about this matter anyway. It’s important for you and your loved ones to know when you’re responsible for each other’s debts post-mortem—and when you’re not.
A recent post from WalletPop.com offers an outline of what to expect after the death of a family member who owed money. Here’s a summary.
- Can debt be inherited? In most cases, debt does not automatically pass from one family member to the next, according to sources. That means that
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Tags: Happens, Happens When
Aug 25
The recession has done little to reduce consumer spending and personal debt, according to one survey which claims that more than £24bn of unsecured debt has been amassed during the economic downturn.
Comparison service uSwitch has claimed that “shopaholics” have been largely undeterred by the recession, with women amassing more than £13bn of personal debt compared to £10bn for men.
The website defines a recession shopaholic as someone who has built up more than half of their unsecured debt through fashion purchases – and while there are more female than male shopping addicts – about 4 million and 3 million respectively – men acquire a higher average personal debt of £3,425 compared with £3,353 for women.
Anne R
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Tags: Claims, Survey Claims
Aug 25
Bankruptcy stories have been the subject lately of many television broadcasts, newspaper articles, Internet stories and even Twitter Tweets. You have probably heard about the Kmart bankruptcy and the Ritz Camera bankruptcy, and almost everyone knows something about the GM bankruptcy. With all of this talk about bankruptcy, you may have questions about what bankruptcy could do for you. The best source of information on any legal matter like bankruptcy is an attorney.
Attorneys in Columbus, Ohio and its surrounding cities do not all offer the same services and may not all have the same years of experience. Many attorneys specialize in just a few areas of the law. An attorney may choose to practice any number of specialties, including Personal or Business Tax Law, Family Law (which includes divorce and custody issues), D.U.I. O
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Tags: Bankruptcy, Bankruptcy Attorneys