Wednesday, October 25, 2006

How to Handle Debt

by ElmerFizz

Sometimes debt can seem overwhelming. In those instances, or even before things get that far out of hand, get back to basics and try some of these debt handling solutions.

BASICS - Lower insurance deductibles for your homeowners, renters and vehicles policies where appropriate and save money. Don't take chances on bouncing checks; instead get covered with overdraft protection and pay about the same as what it would cost for one bounced check to cover our account for an entire year. Ask your banker about packaged account services. Many offer free savings and checking accounts with free overdraft protection and checks, free online bill paying and more. When you shop, check your receipts, even for groceries. Many times items ring up at incorrect prices. Sometimes store policy allows for no errors, meaning you get the items free if it wrings up wrong. So carry along a handheld calculator or pencil with small notepad to tally up your charges.

REACH OUT- If you have medical debt, the first thing healthcare offices try to do is get you to charge the bills or refinance your home, etc. STOP. Before you take such a drastic step, check with legal counsel. There are often other steps to take first. For example, notify the billing parties and tell them you need to apply for financial aid. Many have forms to complete, and although they may be lengthy, remember they're for free money to pay your bills. Reach out, take forms and fill them out. Then set up minimum payment arrangements for the remaining balances, even if it's just $10 a month for 30 years. Healthcare bills are not like credit card debt and do not need to be reported to the credit bureau in the same manner.

Also reach out with merchandise and return any recently purchased items that you can for a refund. Credit cards and mail order companies generally allow you 30 days to inspect your purchase. Return any you can for refunds. If purchases are beyond the 30 days and for various reasons don't hold up to their end of the "bargain;" i.e. they broke already or never worked right to begin with, get on a letter writing campaign pronto. Write the place of purchase and copy the manufacturer, the distributor, the Better Business Bureau and your state Attorney General's Office. State the reasons our product is faulty and that you want a refund. It's often rewarding to get help with other entities like these. No need to go it alone!

So before your debt gets out of hand, take charge and get back to basics. Put some of these debt handling solutions into practice and make the most out of what you have.

For More Information on Debt: Reprinting this article is permitted if all content remains unchanged and the resource box is included with hyperlinks

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Online Unsecured Loans: Click the Mouse and Finance Your Dream

by Rebecca Adams

Unsecured loans are a good option, with which borrowers can avail loans without pledging any collateral. Due to the absence of collateral, unsecured loans come with a high interest rate. In order to get a profitable deal, making lots of efforts is required like meeting various lenders, asking for their loan quotes, comparing them and then choosing for the right loan option. But these days, when time is consider as the most precious commodity, many of us cannot spend much time for getting a better deal. For them, online unsecured loans are customized.

As general unsecured loans, offered by various lenders, online unsecured loans are available without any collateral. Therefore all sorts of borrowers including home owners as well as all sorts of tenants, like- council tenants, housing association tenants, MOD tenants, private landlord tenants, living with parents, housing executive tenant etc. can opt for this loan option. Even more, one, having bad credit score, can avail these loans only by clicking the mouse.

By opting for online unsecured loans, a borrower can arrange finance, ranged from ₤5000- ₤25000. The loan term varies between 5-10 years. Since there is no such requirement of pledging any security against the loan amount, therefore the risk of collateral repossession is nil with this loan option. But do not think, in case if you fail to repay the loan amount, nothing will happen. Though in that case, your property won't be seized, but some legal actions can be taken against you that may jeopardize your mental peace.

Manifold usage has made unsecured loans famous among the borrowers. Here, we can talk about some of the common usage of unsecured loans.

* Unsecured loans can be used for debt consolidation purposes, with which borrowers can reduce their debt burden

* By opting for unsecured loans, borrowers with bad credit history can alleviate their credit score

* With unsecured holiday loans, making an enjoyable holiday trip is possible.

* Unsecured loans can be used for wedding related expenditure

* One can invest in business by availing unsecured business loans

* Buying car, home or other real estate can be done with unsecured loans.

Online unsecured loan is less- time-consuming loan option, opting for which, borrowers can get a profitable deal within a minimum time. This option is a perfect salvation from wasting much time and making lots of efforts in getting a profitable deal. So, click the mouse and avail online unsecured loans to finance your dreams.

Rebecca Adams works as a consultant in Online Unsecured Loans UK. She is proficient in the credit market because of a degree in finance from the esteemed University of Oxford. She has also done her masters in insurance management from the Risk Management Research Institute. To find online unsecured loans, bad credit unsecured loans, unsecured debt consolidation loans, unsecured small business loans visit

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Can Refinancing A Loan Really Save You Money?

by Joseph Kenny

You have heard that refinancing a loan might be able to save you some money, but do you know how it could? This article will show you how you might be able to benefit by refinancing your mortgage, and showing you how you could end up saving some money - with a better deal.

If you have any thought at all that you wish your payments could be a little lower, then this article is for you. Many mortgages were made at a time when the economy was doing better than it is right now. So you may be one of those people who, because the economy was good, got a variable interest rate on your mortgage. It was good when you got it because it helped you get that house you wanted, but now you may be faced with a higher payment soon - in fact, possibly a much higher payment than you had before. Refinancing may provide you with a real good solution.

Combine Your Debt

If you have more than one form of debt, and are paying a hefty rate of interest on some of it, then refinancing will give you the opportunity to combine the debt, and get a better rate of interest. Combining them all together makes it so much easier to write one check, too.

Reduce Your Term Length

With many mortgages, the term length allows the lender to tack on to the loan a whole lot of extra interest. The longer the term length, the more interest you are paying. By reducing the term length, and combining your loans, you can pay more on the principal quicker, thus reducing the overall amount that you owe.

Get Better Interest Rates

Having more than one type of debt may mean that you have at least one of them with a higher rate of interest. By getting a loan when the interest rates are down, you can definitely save some money. Refinancing your debts, however, is only valuable to you if you can get a lower interest rate than you have now. If one or more of your debts have a lower rate than the one you are getting, keep them separate and enjoy the low rate, but bring down your overall debt interest where possible.

Get Smaller Payments

By refinancing your mortgage, you have opportunity to get a smaller loan, and this could give you smaller payments, too. You will want to make sure, however, that there is not any penalty for paying off the loan quicker than the term length of the loan. Take advantage of the smaller payments, as much as possible, and make larger than the minimum payments each month to be able to get out of debt as soon as possible. If you cannot pay more than you were before, at least pay as close as possible to the same amount - which will enable you to pay it all off sooner.

Get Some Extra Cash

By refinancing, you may also get a little extra money for one or more projects around the house, too. If money is tight, though, you may want to hold the extra projects until the debt is reduced some and you build up some equity in the new loan - if the project can wait.

Joseph Kenny writes for the Loans Store UK and offer more information on secured loans UK and other loan topics available on site.
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Commercial Lawsuit Loan! How does it work?

by Paul Sherman

No-Risk Legal Finance. Great Help to plaintiffs in a Commercial Lawsuit.

A Commercial lawsuit case is mostly civil tort in nature and usually brought by one damaged party, either an individual or a business entity, against another business entity. In these types of cases damages alleged are usually monetary in nature.

99% of plaintiffs involved in commercial lawsuits don't realize they can get cash advance before their case settles. Commercial Lawsuit funding is also called as Commercial Lawsuit Loan, Commercial Legal Finance and Commercial lawsuit settlement cash advance. But these are not loans because the money does not have to be paid back unless the case is won or settled.

These are Non- Recourse Lawsuit loans or Cash Advances. It carries No Risk because plaintiffs owe nothing if they lose the case.

When a business is a plaintiff in a Commercial Lawsuit, the legal proceedings can undermine their financial stability. As you probably know, the legal process typically will take years to settle their lawsuit. And they may have cash needs now, which cannot wait. Most Businesses in this situation have no other choice but to accept a low settlement for a case that could be worth hundreds of thousands & millions. A non-recourse lawsuit loan is a great timely help to them.

A cash advance or a loan of $100,000 to $10,000,000 relieves cash flow problems and allows the firms to focus on business at hand. Commercial lawsuit loan allows these firms or businesses to leverage the expected settlement from their case to obtain the capital they need now.

Lawsuit Pre-Settlement Programs provide them with immediate cash to give them and their attorney time to negotiate a larger cash settlement!

Commercial cash advance is based on the Commercial Lawsuit and how the plaintiff spends it is unrestricted. They can use the funds to:

1. Pay down debt

2. Maintain or Invest in their business expansion,

3. Use the money for fixed and variable costs such as payroll and operating expenses. Funds can also be used to invest in the expansion of their business, which maintains the confidence of creditors, investors, and employees.

4. Keep their Personal finance and obligations in balance

In short, they don't have to sacrifice their livelihood due to the financial burden that commercial litigation can place on them or their business.

The advantages of using Commercial Litigation Funding for business' commercial lawsuit are multifold. Most important of these are:

1. The ability to maintain financial stability in cases where commercial litigation is impacting their firm's cash flow.

2 Commercial Lawsuit Loan is Non-Recourse so there is no risk involved. Plaintiff firm is liable for repayment only if they receive a settlement or they win at trial. 3. Amount available for commercial lawsuit loan is virtually limitless from $50,000 to well over $10 million on a single case.

Following are basic steps to commercial lawsuit loan funding:

1. The first step is to complete an Application Form. Making an initial application is free and there is no obligation 2. Plaintiff authorizes attorney to release case information to underwriters 3. Thorough underwriting process to qualify client. 4. Forward for further underwriting if required. 5. If approved Plaintiff completes funding agreement 5. Fund the cash advance 6. Plaintiff payback upon successful settlement/verdict of case 7. If Plaintiff loses case, Plaintiff owes nothing to funding company

The varieties of commercial litigation cases that can qualify for funding include, but are not limited to:

A. Fraud B. Breach of Contract C. Real Estate Disputes D. Conversion E. Copyright claims F. Environmental Litigation G. Patent or Copyright infringement & other Intellectual Property H. Securities Fraud & Shareholder Lawsuits

A lot of Plaintiffs are being forced to settle early for way less than they deserve because they simply can't afford to wait any longer. There is no reason for them to settle for less than their case is worth.

About the Author: Paul Sherman is a Legal Funding Consultant. He offers free, professional and independent advice to Individuals, Business owners, Seniors and Attorneys. To secure a Lawsuit funding or Structured Settlement funding please visit:

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Tuesday, October 03, 2006

Online Sources of a Low Rate Personal Loan

by John Mussi

Like other loans, finding a low rate personal loan is as easy as a click of your mouse. It is likely that there is not one lender who does not have a website and offer online loans. After all, this is the 21st century, and borrowers are looking for an easy way to transact all of their financial business. With the convenience also comes the need for some precautions as well.

Know the lender

When you are applying for a low rate personal loan online, make certain you know the lender. What we mean by this know that you are going to a true site, and avoid clicking on any links that you receive in email, commonly known as phishing sites. In order to avoid doing that, know the site you want to visit and key the address into your browser rather than clicking on links. This assures that you are going to the lender's real site and not a mirror site where your information will be collected and used either to commit identity theft or to obtain all your financial information and use it to obtain credit in your name.

Be aware of secured sites

In most cases, financial sites are secured sites and are noted as such by the presence of a closed lock at the bottom of the web page. If you are applying for a low rate personal loan online, and you do not see the lock at the bottom, do not put any personal information on that site. If you are interested in applying with that particular lender, check the site for either a phone number or an email and communicate with the lender that way. Putting personal information on unsecured sites opens the potential for others to view the information and use it for their own interests.

Only provide pertinent information

When filling out information for a low rate personal loan online, do not offer information that is not asked. For one thing, unless you have looked at your credit report recently and know exactly what is on it, you may be giving the lender information that they would not otherwise know. This is especially important if it's an explanation for a negative item that you think may be there. It's much better to put the explanation in your credit file than to automatically tell a lender. In addition, in some areas, different credit bureaus provide information for different regions, and you may be giving information that is on a credit bureau file in another region because of the location of the creditor.

Have all information available

When you sit down to fill out the application, be sure to have everything in front of you that you will need. This not only saves time, but also saves you the potential risk of the site locking you out or logging you off while you go look for additional information. Secured sites customarily time out after so many minutes of inactivity, and if you're looking for information during that time, you may have to start the process over when you return. It also prevents anyone who is close to you computer from seeing what you are doing.

John Mussi is the founder of Direct Online Loans who help homeowners find the best available loans via the website.

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