Jim Mellon: what’s looking good for the next 20 years

If you are struggling with credit card debt, these practical steps can help you reduce it and pay off your outstanding balance much quicker. Read more…

Debt can indeed disturb the emotional well-being when left unmanaged and unsolved. Spending is one thing, budgeting is another. When your resources are scarce, spend accordingly.

Debt Settlement is an effective way of moving out of the worry. As the name suggests, this method entails the settlement of the debt with the help of negotiation between the debtors and creditors.

Since one of South Africans’ main financial institutions is showing signs of credit difficulties amongst its clients, there might be reason for worry. However, consumers aren’t taking financial advisor’s advice to heart. It’s certainly not showing in the rise of unsecured loans and car sales.

It turns out that the answer to this question is very personal and not hard and fast. There are a number of factors to consider such as your mortgage rate, your rate of return on RRSP (Registered Retirement Savings Plan) investments, and the time remaining until you must collapse your RRSP. There are also intangible factors like how you feel about risk, loss and volatility, time and effort expended on investing, and whether this should be minimized or not. It is possible to do both – alternating between paying the mortgage only in some years, and emphasizing the RRSP in other years. This article is to make you aware of these factors as they apply to your situation, allowing you to make more informed decisions.

As a client of a certain debt management company there are things you need to know how it must comply with the Office of the Fair Trading. The following paragraphs explain the general concept of what OFT expects of debt management companies.

Debt is something that seems inevitable to most people. However, debt can become a real issue when you are overly indebted. A debt review company can help you in different ways to pull you out of the financial mess that you find yourself in. Here is a list of benefits that you could enjoy when you enlist the services of a debt review company.

This article deals with the various uses of the internet, as opposed to the firm favorite of entertainment. Checking your debt online is a quick and easy way to put the internet to good use and that is discussed here.

This article explores the importance of keeping one’s debt under check before making any credit application. The reasons behind the importance of doing your own credit analyses are explored further.

This article discusses the issue of keeping your debt in check. Ways through which to keep tabs on your creditors and ensure they are consistent in their billing are explored.

The bill, titled the End Debt Collector Abuse Act of 2012 (S 3350), is an update and expansion of earlier legislation Senator Franken proposed along with Senator George LeMieux of Florida in 2010. Like its predecessor, Franken’s current bill would amend the Fair Debt Collection Practices Act to provide further protections for consumers against abusive or deceptive collection tactics sometimes employed by creditors and their agents. But with this bill, Franken also hopes to establish special protections for medical patients who are suffering collection abuses when seeking care at hospitals and emergency rooms.

The National Credit Act which was passed in 2005 established the National Credit Regulator, a government body appointed to regulate the credit industry in the nation. All debt related service providing companies like credit bureaus, debt counselors and credit providers are obligated to register themselves under the umbrella of the NCR. This enables the government body to monitors all credit service providers under its wings. The various agencies are also forced to comply with the provisions of the Act by the NCR.