IRS Tax Debt Relief

How many of you are afraid of losing everything that you own? Of course, every one of us would not want or even think of losing your assets especially if you have very few. Bankruptcy is not always a good idea to consider, let alone experience. But what if you have a small business running at its closing stages and you’re buried in tax debt? You have to think – what could you have done wrong? Or is there anything that you could have done better? (more…)

Ways To Consolidate Your Debt

Almost every individual in this world has one or anther form of debt on his/her name. While some are successful in paying off this debt, others find it really hard either due to their circumstances or by following improper finance management strategies. As a result, they finally end up as bankrupt. One way of avoiding the problem of debts is to opt for an appropriate debt consolidation loan. (more…)

Money as Debt

Many people find the current level of debt to be at an unbelievable level. It is difficult to see how an economy can survive when the majority of money spent is actually owed to someone else. So much so, that if there was no debt, there would be no money. If you're not sure what I mean, check out the following animated financial documentary entitled "Money as Debt". Paul Grignon's 47-minute presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and ...

The Truth About Payday Loans

The Kansas City Star recently reported that a single mother used a payday loan to borrow $300 for a trip to the dentist. When she couldn't pay the loan two weeks later, she extended it and paid $50 twice a month for almost four months and still owed the entire principle amount. A woman in North Carolina started with a payday loan of "$50 or $100," and before she knew it, she was getting one loan to pay another and had racked up $700 in high-interest debt. (more…)

The fastest way to be debt free

I would say this is a controversial technique... [youtube]6q0t7x6YjZw[/youtube]

Tips To Avoid Getting Into Debt

There are countless blogs, articles, tips, and books about how to get out of debt. The best way to avoid never-ending pressure from creditors to repay overdue bills is to not let the bills become overdue in the first place -- or better yet, to avoid getting into debt at all. You should be taking preventative steps to avoid debt. Pay with cash whenever possible. Stay within your spending limits. Avoid impulse purchases. Avoid "buy now, pay later", "interest-free financing"...

FHA Loans

An FHA loan is a mortgage loan in the United States insured by the Federal Housing Administration. The loan may be issued by federally-qualified lenders. FHA loans have been helping people become homeowners since 1934. FHA's mortgage insurance programs help low and moderate income families become homeowners by lowering some of the costs of their mortgage loans. The FHA does not make home loans--it insures them. If a home buyer defaults, the lender is paid from the insurance fund. To get an FHA ...

How does the national debt affect the individual?

The U.S. national debt is the amount of money owed by the United States federal government. This does not include the money owed by states, corporations, or individuals. The national debt is over 8.1 trillion dollars. That puts each citizens share of that debt to over $27,000. The National Debt has continued to increase an average of $2.28 billion per day since September 30, 2005. U.S. Public debt is more than ten times the amount of United States currency in circulation as of 2005, estimated to...