Monthly Archives: December 2009
How do you determine total debt for for debt ratio?
Posted December 9, 2009 – 4:45 pm in: Personal FinanceIm having trouble determining the total for the debt ratio of total debt divided by total assets. I need Wal-Marts total debt, but not sure what categories on the balance sheet are included. Do I add total current liabilities, long term debt, long term obligations under capital leases, deferred income taxes and other, minority interest? [...]
1 Comment | Tags: debt, determine, Ratio, total
Loan Modification and Credit Problems
Posted December 9, 2009 – 1:26 pm in: Debt Consolidation ReviewIf you have high mortgage payments and are in the foreclosure process, a loan modification may be a blessing. You may be able to relieve yourself of the misery involved in foreclosure by getting a loan modification.
No Comments | Tags: finance, loan modification, loan modification processing, loan mods, Loans, Mortgage, real estate
What is a good percentage of debt to total assets in personal finance?
Posted December 8, 2009 – 3:19 am in: Personal FinanceI think that I would feel comfortable to have 30% of my assets in debt, but I never had debt before, so I am not sure about that. For instance, if my total assets are $100,000, then I would feel confident in getting $30,000 in debt.
3 Comments | Tags: assets, debt, finance, good, percentage, personal, total
Before You File Chapter Thirteen Bankruptcy To Stop Foreclosure
Posted December 7, 2009 – 9:27 am in: MortgageIf you are facing foreclosure, your biggest concern right now is how to save your home. Nothing else really matters. You are facing an uphill battle, but it is not impossible to stop foreclosure. Filing for chapter thirteen bankruptcy is last resort way to keep from losing your home.
No Comments | Tags: Bankruptcy, Chapter 13, foreclosure, loan modification, Mortgage, stop foreclosure
How long after a debt has been created can a creditor report to the credit bureau?
Posted December 6, 2009 – 2:04 pm in: Personal FinanceI had some medical bills from 9/10/03 that I did not pay in full. I was harassed for awhile by collections and then left alone. This debt was never reported on my credit record and has never showed up. Today on 10/14/2009 (6 years later) I receive a letter from a collections agency telling me [...]
3 Comments | Tags: after, been, bureau, created, Credit, creditor, debt, long, report
Is credit card debt considered an open account or a written contract?
Posted December 5, 2009 – 1:21 am in: Personal FinanceI live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the [...]
3 Comments | Tags: account, card, considered, contract, Credit, debt, open, written
Debt Settlement California
Posted December 4, 2009 – 2:48 pm in: Debt ConsolidationDebt settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full. Debt settlement is an appropriate option for people who may otherwise be considering bankruptcy due to some type of financial hardship. Creditors are usually willing to settle for [...]
No Comments | Tags: california, debt, Settlement
Can Asset Acceptance LLC resubmit a debt to the credit agencies after statute of limitations?
Posted December 3, 2009 – 12:07 pm in: Personal FinanceAsset Acceptance is holding two small utility debts of mine. The statute of limitations has run out but they resubmitted the debt to the credit agencies as if they are new. Can they continue to resubmit a debt after the statute of limitations has run out? How do I fix this?
2 Comments | Tags: Acceptance, after, agencies, Asset, Credit, debt, limitations, resubmit, statute
Achieving The Short Refinance
Posted December 2, 2009 – 8:39 pm in: Personal FinanceWhen your house is in trouble you need to do everything you can to make sure that you don’t go into foreclosure. Yes it’s easy to just give up, but it looks terrible on your credit if you manage to lose your home in that way. Fortunately there are a few other options that you can take advantage of so that you don’t end up in more debt. One thing that you can do is opt for a short refinance.
No Comments | Tags: homes short, homes short sale, how to negotiate a short sale, mortgage company, mortgage payments, short refinance, short sale, short sale payoff, short sale process, short sell, short sell options
How can a debt collector use different cell phone numbers to call you?
Posted December 1, 2009 – 11:17 pm in: Personal FinanceI have a debt collector that keeps calling me and using different local cell phone numbers. Even though I keep telling them that the debt is paid off and I have my cancelled check that I keep faxing to them over and over and over again, they won’t stop calling me. How is it that [...]
5 Comments | Tags: call, cell, collector, debt, different, numbers, phone
Ways to Save on Your Car Insurance
Posted December 1, 2009 – 3:49 pm in: Personal FinanceInsurance is something every driver has to have, and it’s a big item in most people’s monthly budgets. The good news about car insurance is, there are many ways you can reduce your monthly premiums. If you own more than one vehicle, for example, or if you also insure your life or your house, you might get your insurance company to “bundle” your coverage. Bundled coverage provides all your policies, or at least several of your policies, from the same company. Understandably, insurers offer discounts to encourage you to get as much of your coverage as possible from them. Not only do bundled policies cost less, it’s also easier to manage your claims and billing by doing all your business with just one company.
1 Comment | Tags: auto insurance, Automotive, Car Insurance, Insurance Cars, Personal Finance, Vehicle Insurance, vehicles
