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Archived Articles about Debt
Bad Credit Mortgage Refinance - Should I, Shouldn't I? By: Pascal Parvex
It is a common financial scenario across households in the Western world. Multiple debts have started to build up: a car loan here, a department store loan there; a bank loan here and several credit cards there.(read entire article)(posted on: 2009-05-25)
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What Happens In A Foreclosure? By: Lawrence Roberts
Foreclosure is the forced sale of a property owned by the borrower in order to satisfy the debt(s) secured by the property. Foreclosure laws are complex, and they vary from state to state. There are no federal laws governing foreclosures. The borrower is the legal owner of the property who has entered into a mortgage agreement with a lender to pay back all borrowed money, fees and interest due.(read entire article)(posted on: 2009-05-23)
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Only A Fool Believes Real Estate Prices Always Go Up By: Lawrence Roberts
In 2007 and 2008, house prices declined nationally for the first time since the Great Depression. From 2002 to 2006, there was a massive Ponzi Scheme of ever-increasing debt that fueled the Great Housing Bubble. People bought in to this Ponzi Scheme because they believed real estate prices always go up. They were encouraged in this belief by the National Association of Realtors.(read entire article)(posted on: 2009-05-21)
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Predatory Collection Agencies - Practices To Watch Out For By: Nick Adama
Debt collection agencies often take steps to inflict the maximum amount of anxiety, fear, and embarrassment on borrowers who fall behind on loans, going so far as harassment and engaging in other illegal acts.(read entire article)(posted on: 2009-05-18)
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Are You Morally Obliged To Repay Debt? By: Darren Hughes
Given the current financial climate many of us are trying to be more prudent with our money. The cost of living has increased and unemployment is on the rise.
Darren Hughes is an Insolvency Advisor for Clear Insolvency. We provide assistance for those wanting to file bankruptcy. Other than bankruptcy, Clear Insolvency can also help you with alternate debt solutions, such as an IVA or debt management plan.. Visit Are you morally obliged to repay debt?.(read entire article)(posted on: 2009-05-16)
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Wealthy Areas See Debt Increase By: Winston Morrison
Debt is fast becoming a problem that is affecting all classes, with easy credit available to everyone, whatever their income. Loans for thousands of pounds were regularly approved for people with little or no income, while wealthier applicants had access to even larger sums.(read entire article)(posted on: 2009-05-15)
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Got Debt? Easy Ways To Make Life Easier By: Constance Martinez
Saving money in such a tight economy can be tough. Getting out of debt can be even harder. With so many businesses laying off employees, people have become more aware of their finances and are looking for ways to pay off their credit cards and live cheaper. Here are a few ways to lighten the load of financial stress.(read entire article)(posted on: 2009-05-14)
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Want To Be Rich? - Get In Debt By: Constance Martinez
If you really want to be rich you need to get debt that will make you more then what you borrowed. For example, if you got a loan from the bank to start a business and the business started to grow then that debt would be considered a good debt. Your business is worth more that what you borrowed. A student loan for college is another good reason to get in debt.(read entire article)(posted on: 2009-05-14)
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Why File For Bankruptcy? By: Elliott Parker
I was having trouble with my debts for many years before I really did anything about it. I was in a position to keep extending my credit allowance, or obtain a new loan and I regularly received letters from lenders offering me more finance options.
Elliott Parker is now an Insolvency Advisor for Clear Insolvency helping those to file bankruptcy.
Other than bankruptcy, Clear Insolvency can also help you with alternate debt solutions, such as an IVA or debt management plan.. Visit Why File for Bankruptcy?.(read entire article)(posted on: 2009-05-13)
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How To Deal With Secured Debts By: Constance Martinez
A secured debt is a loan that is tied up to the borrower’s property. At the start of the loan, the borrower must submit a form of collateral to his/her lender as a security for the amount loaned. In case of default, the lender has the right to repossess the property submitted in exchange for the debts defaulted. In this article, let’s take a look at three types of secured loans and what can be done in the event that the borrower isn’t able to keep up with the payments.(read entire article)(posted on: 2009-05-13)
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