Money Minute: Thursday 30 January

Outsourcing business debt collection is a great option for any business dealing with bad debt, especially in light of today’s bad economy. Discover some of the strategies used by commercial collection agencies that make them so effective in collecting business debt.

As the amount of delinquent debt and the sheer number of debtors refusing to pay have risen, so has the demand for hiring commercial collection agencies. In this weak economy, more and more businesses are trusting their unpaid debt to these agencies because they simply do not have the available resources for successful internal debt pursuit. Here are some reasons why businesses should never pre-pay for commercial collection agency services.

Keys To Wealth Building Understanding debt. It is not rocket science to achieve wealth. In order to acquire wealth you simply have to spend less money than what you make.

We have seen over the past month, The Great Debt Ceiling Debate. No matter how you look at it; whether you are for or against it, you have to admit there were some pretty interesting discussion. I do believe that we are truly educated about the United States debt ceiling. Let me ask you a question. Can you raise your own debt ceiling anytime you like? I am reminded of the story from the Bible in 2 Kings 4:1-7. The Bible is still applicable today in solving financial debt problems

If you’re being sued by a collection agency and recently received a court summons in the mail you may be wondering the next step to take. You don’t need a lawyer to handle this for you. Become more informed and know your rights so you can overcome your debt lawsuit the correct and effective way.

Don’t let debt management options overwhelm you. There are many options for you to consider and taking the time to make the right decision is always a good investment.

Finding one’s self deeply in debt is rather common place these days. If this is you then you are just one of millions of people who need debt reduction help. The kind of help you need may depend on your situation. Many people can help themselves and get out of debt on their own, but it will take a long term commitment to do so.

Are you struggling with paying off your debt because monthly payments are too high? You may want to consider consolidating your debt through a debt management program.

Lately we have been inundated with news in the media on the financial debt crisis in Europe and also on perhaps the mother of all debt crises in the USA. We do not need an economics guru to tell us why such crises occur as we all know that debt arises when nations need to borrow to spend more than what they can afford. What about our personal debt crisis?

There are some distinct differences between student loans and other types of debt. Those differences impact the effect that student loans can have on your credit as well as the recourses that you and debt collectors may have in trying to recover those loans.

When faced with serious debt problems you need to understand what options you have for getting out of the situation. Most people have some understanding of what bankruptcy means, but do you know what happens with an IVA? Find out what the main differences are and how an IVA actually works.

We have all had a front row view of how the government deals with out-of-control debt and spending. Let’s take a look at how this would translate into your household finances.