In today’s restricted lending environment, many types of working capital that was available only a few short years ago have been severely restricted, or cut out altogether. Many of the larger commercial banks are “sitting on their hands” taking advantage of the cheap money provided to them under different government programs and not necessarily lending this money back out to the small businesses that have acute working capital needs.
Despite the fact the government has increased its support for the Small Business Administration or SBA, this option is still extremely hard to qualify for given today’s lending restrictions. Read more
Carrying a high credit card balance can be very frustrating especially when you look at your statement and see that you are getting charged hundreds of dollars of interest a month. If you’re like me you might be wondering if there is a faster, better way to pay off your credit cards than just making the monthly payments. Read more
With the looming economy, inflation and hundreds of people dealing with various financial problems, its not surprising that many are also facing credit card lawsuit for unpaid debt. The good news is, there is a way to avoid such problems, like meeting up with your creditor and striking a deal. Read more
When it comes to paying off debt, for example paying a credit card debt, the current economic times can even call for tough choices. Even though you may go into debt from credit cards, there are many services such as consolidated credit counseling services to help you reduce your payment and credit card debts. Read more
Your credit score, no doubt, is a very useful number that lenders need to know whether or not they will extend credit to you. It also dictates what the interest rate and terms of the credit or loan will be. The lower your score, the less likely you will be considered for loans. And if you are eventually considered, you may have to pay a very high interest rate. Read more
Junk debt buyers and collection agencies are infamous for their collection strategies that range from threatening phone calls to actual credit card lawsuit. Threats of wage garnishment, property liens and fraud charges are also very common. Some collectors go as far as contact the people around the debtor, including employers, friends, and relatives, in a bid to shame the debtor into paying. Read more
Payment Protection Insurance Policy can be a helpful financial product for many people. Other times, it can be mis-sold. In such cases, what you can do is file for a compensation claim. This allows you to get back everything that you have paid in premiums as well as other fees and interest. Read more