Finance Media

Archive for December, 2008

Many People know that Bankruptcy  is a last resort for them. Even though it is tough ,Bankruptcy  provides legal remedy to our financial condition . Usually bankruptcy will going through 3 process .

First things  you need to  do is file in federal or state court and tell them you have no money or assets to pay all the debts. Then you need to set up the repayment plan with the creditors and the court. Lastly you will discharge which mean still need to pay the outstanding payment but normally a bit lower than actual amount.You will give some money back to the creditors by doing this.

There are some pros and cons for bankruptcy. The advantages for you is they will take care most of your debt and you the creditor also will provided you with legal protection . What the most important is you can still own you property and that also will help you to stop some financial ruin.

Beside that the bad things is we still need to pay off some debt and you suppose to attend to court which  really don’t like by many people . One things need to keep in mind is you may loose your assets so just be careful and if could please avoid bankruptcy.

Are you ever wonder how identity theft occurs? Actually this thing is quite fascinating, if it is not a very malicious and dangerous crime.

Identity theft occurs once a thief assumes another person’s identity by using confidential information supposed to be known exclusively by that person. The thief will commit fraud using the person’s name and important confidential information without the victim ever knowing about such transactions.

When the person or victim finally finds out about the crime committed, the thief is long gone in excruciating anonymity. They leave behind a ruined reputation, and a paper trail of ruined credit, debts and collectors.

You can avoid being a victim of bank identity theft by identifying red flags that may indicate .Here are several red flags that indicate you may be a victim of identity theft:

1. There are bills for a credit card account you did not open.

2. There are notice charges, which you did not authorize on your credit card statement

3. No bills and credit card statements arrive on the days you expect them.

4. Unauthorized transfers or withdrawals on your bank statements show.

5. Notifications from collection agency about accounts you never opened.

6. Calls or notices from businesses about merchandise you did not buy.

7. Debts showing up on your credit reports that you did not file.

To apply for a credit card is not really hard these days. You can sign up for it easily. But make sure before you apply for it you already know the circumstance if  you not pay every penny you use from it. We show 3 ways to apply for credit card.

1.From mail order

There are numerous company will mail an offers to apply a credit card. After you receive it, just fill up the form that they provided and then mail back to them.

2.From Stores

These days, most retail stores are offering credit card and to sign up they also give some incentives. Very easy to sign up from here. What you need to do is just simply ask to sign up when you been there next time.

3.From Onlline

This is really simple. Just find credit card company on the internet but make sure you choose the good one which is that company is trustworthy and secure. Most of them will have online form for you to submit. By just simply filling the form and you will get your credit after certain period if no problem with your application.

Don’t you think it is easy to apply for credit cards?

The one that you always hate when receive your bill statement is a late charges. Actually this charges will slowly affect your financial and will give big impact to your credit as well. If could please try to avoid this. We provide a few tips here to help you avoid from those charges.

First thing that you need to do is compile all your bills and give attention on the due dates. Marked on your calendar every due date for each bill. This will help you to put more attention on it also will work as reminder for you as well.

Maybe sometimes you will feel that you having more bills to pay and at that time you’re in short of money. For this situation you need to see which one are the first priority which mean if you late to pay , the charges is slightly higher than others. Then for the rest try to contact the company and ask their permission to move the due date. Make sure you are well prepared when try to talk to them.

Always keep an eye on your calendar and make sure you are sticking to a budget . This is the best way to prevent late fees. By practice this step you will always aware about your bill and your budget still on track.

Some people may wondering how to apply for personal loan if they having bad credit. This question comes out because their application always being declined. Do you know how to get approved even you are in bad credit. If not that is OK, just follow the instruction below if you think to get one:

Make sure you try to apply  at Lending Tree. Why? because  they will pull your credit and have different lenders they work with so they can match your information that fit the guidelines.  Its better than you try to  apply at any different places and not knowing what there guidelines are.

Ever heard Citi financial? This place offers personal loans to people with bad or fair credit . Usually they will require a pay stub and w’2. The amount that they manage to give is about 9k to 15k. Still good right?

Another place you can looking for is American General Financial. They also offers personal loans for bad and fair credit. The information they need is similar with Citi financial- paystub, w’2 or tax return and also  a verifying income. That’s it!

Want more information from me? Wait for my next post.