How to Attract Clients to Your Debt Company
June 12, 2011 by Jackson Beirne · Leave a Comment
Bankruptcy: What You Need to Know
June 10, 2011 by Annabelle Rowan · Leave a Comment
Filing personal bankruptcy is becoming more common, especially in this tough economy. Some of the stigma associated with bankruptcy has disappeared over time. People use it to wipe out debts, stave off foreclosure or just start over. Still, while it’s nothing to be ashamed of if you feel it’s your best option, you need to be aware of the ramifications of filing. It affects your credit report for 7-10 years and can negatively impact interest rates on credit cards and loans and even insurance premiums. Bankruptcy can negatively influence prospective employers. It also usually won’t eliminate child support, most student loans or taxes owed.
Bankruptcy is a Serious Undertaking
Something this important to your financial future should not be taken lightly, and one of the biggest players in this undertaking will be your bankruptcy attorney. Accor Read more…
Advantages and precautions of debt reduction
June 9, 2011 by Admin · Leave a Comment
About 43% of Americans spend more than they earn, according to U.S. statistics of personal debt. This means a growing use of their credit cards and borrowing more and more to meet their daily expenses. This pattern of increasing reliance on borrowing leads to a significant increase in debt, which if unresolved can lead to bankruptcy. Debt reduction can help you avoid such a situation and put your finances in order. You can do this by taking the advice and assistance of professional agencies working to help people take control of their finances and their development.
The process involves negotiating with your creditors for the settlement sum of your contribution. In such a situation, you do not offer to repay the loan, but stop paying bills, save cash and use it to make a reimbursement. Negotiating with creditors may reduce your overall debt significantly in some cases up to 55%. Read more…
Budget to Gain Control Of Debt
June 2, 2011 by Alexandra Kerr · Leave a Comment
Once you have calculated precisely how much money you owe then it is time to create a budget that will help you to use your income more efficiently by covering all your necessary expenditure and working towards the elimination of unecessary expenditure
to reduce your debt.
A budget can be prepared simply using pen and paper. Read more…
Pinnacle Financial Collections for Pascack Valley Hospital Debts- Don’t Just Pay Up!
June 1, 2011 by Annabelle Rowan · Leave a Comment
Debt collectors from Pinnacle Financial Group have been contacting former patients about alleged hospital bills/debt from the former Pascack Valley Hospital, which is now out of business. Consumers should be aware that in some instances Pinnacle Financial may be calling about a debt that is incorrect, invalid or outside of the statute of limitations.
If you have received a letter or call from Pinnacle regarding a Pascack Valley Hospital debt that you allegedly owe, you must contact them in writing within 30 days of receipt of the letter or it will be assumed the debt is valid. Any communication to a debt collector should be sent certified mail so you can confirm that you did indeed send the response and that it was received by Pinnacle. If the debt is over 6 years old, it could be outside of the New Jersey Debt Collection Statute of Limitations, that information should be included in your letter as well.