Dollars & Sense
Dealing With Debt - Recovery
Bankruptcy has a negative effect on your credit rating and stays on your credit report for 7 to 10 years. It is difficult to obtain a credit card after bankruptcy, at least for the first several years.
The good news is: You can eventually rebuild your credit even if you've had to file for bankruptcy. It's possible to get a major credit card or loan usually two years after filing bankruptcy.
Consumer debt in the U.S. reached a total of over $1 trillion in 1999. Credit card debt was over $500 billion. Over 1.2 million Americans filed for bankruptcy in 2000 according to the American Bankruptcy Institute. That's up from 330,000 in 1980.
Here is one woman's story about the financial pit she and her husband have dug for themselves.
10 ways to bounce back after bankruptcy
"Nothing's out of the question," says one financial advisor. "I think the problem people run into is just their level of desperation. Wait two years. You can still apply for mortgages and other types of loans if you can show you're responsible and can be trusted."
Why I Can't Save
Each week we get emails and letters from readers. And we hear a lot of good reasons why people don't save money. Thought that this would be a good time to share the best ones with you. - Gary Foreman
Dealing with Debt
Are you are facing financial difficulties and find yourself in a bind? Is it difficult to make your monthly payments?
First of all you must face the problem head on. Start by contacting your creditors to see if they are willing to work with you. Explain that you're having financial difficulties.
They may be able to adjust your payment schedule, possibly allowing you to pay lower monthly payments. You may be able to skip a payment all together, adding it to the end of a loan.
The eye witness to you and your truck getting creamed
When you and your truck have been smashed into one of the most important sources of help is the eye witness to that impact, with their accounts and recollections as to what happened.
Dealing with Debt
If what you are spending each month is more than what you're bringing in, you have to make adjustments. You have to lower your expenses while still meeting your basic needs. The money specialists at PBS offer helpful advice for us all.
Your truck accident - collecting for lost wages
Lost wages are one of the most important elements of your damages. Listen to me carefully when I say, "You should not think about the days you missed from work as Lost Time and Earnings. It's not Lost Time and Earnings - - it's Lost Earning Capacity"
To Lien or not to Lien? That is the Question
Having trouble getting paid by a trucking company? Would filing a lien against the company be a solution? Is the lien a better process than a lawsuit in recovering monies owed to you? The attorneys from Road Law share their expertise with us.
Negotiating a settlement with the typical claims adjuster
The typical claims adjuster will say or do whatever it takes to minimize your injuries and your pain in suffering.
The author tells you about his techniques and how to handle this individual's subterfuges.