Monthly Archives: July 2013

What are my options for debt consolidation?

Your debt consolidation options are largely determined by the following factors: – your income and obligations; – available assets, and – credit history. 1. Income and obligations Your ability to qualify for a consolidation loan as compared to some other form of debt assistance is determined by whether given your income and obligations you can qualify for the consolidation loan....
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Dealing with out of control debts

Anyone can find themselves in financial trouble. It is by no means an indication of having done anything wrong. Sometimes it is nothing more than life’s circumstances. Some people who have had homes, work, family and investments can find themselves with no-where to live and escalating debts which they can simply not afford. It seems that one of the most...
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Will bankruptcy erase all my debts?

Some people see bankruptcy as a sure way out of all financial obligations that they can no longer afford or feel would put undue hardship on them is they tried to meet these. While bankruptcy does offer debt relief to people who are unable to meet their debt obligations (unable as distinct from unwilling), it does not offer relief from...
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Lending money to family and friends

This is a very contentious issue. You can feel torn between wanting to be a good father, brother or friend and not wanting to lose your hard-earned savings.While this decision can also depend on how reliable you believe the person is as well as the amount that they would like to borrow, here are some rather important considerations to take...
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Debt solutions for people on low incomes

Anyone who has to survive on a low income despite escalating costs of living would find it rather difficult to keep up with their debt obligations. Forget about the luxury of home ownership and discretionary spending. What can one do when there is simply not enough money to go around? The last thing that you should be looking at doing...
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