Articles from November 2010



Qualifying for Bankruptcy & other financial links

It’s almost the end of the year and with the economic issues looming, more and more people are turning to bankruptcy. Debt settlements isn’t really an option if you have no cash saved up so be sure you understand every option including bankruptcy if you are unable to pay your bills. If the bill collectors are hounding you and you simply cant pay your bills then consulting a qualified bankruptcy attorney may be your only option. Be sure to read the link above about qualifying for bankruptcy.

Credit repair isn’t just about your credit report. It’s about all the things that affect your credit reports and that includes dealing with bill collectors and original creditors. OurDI Read more…

FTC proposes new rules for debt collectors: Good or bad for consumers?

The Wall Street Journal is reporting that new Federal Trade Commission (FTC) proposals addressing debt collectors attempting to collect on debts of deceased borrowers may backfire by allowing debt collection agencies to pursue surviving relatives and associates of deceased debtors. Here’s what you need to know.

Consumer Debt Collection Practices: Survivors not responsible for deceased’s debts

Debt collectors have harassed bereaved families by sending collection notices indicating that the surviving family or executor “must” pay the deceased borrowers credit card bills and other debts. Unless you’ve co-signed for a credit card or loan held by the decedent, you’re not under any obligation to pay. Laws govern

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Pro Athletes Are Being Targeted Much More When It Comes To The Internal Revenue Service And Tax Debt

Becoming a professional athlete is a fantasy for many.On the other hand, Being in tax debt to the IRS is a fantasy to nobody. So whenever our pro athletes find they are in tax debt, we’re shown with a paradox of conditions. It’s equally amusing and unhappy as supporters to find our athletic stars reduced this way.

Daryl Strawberry is probably the most recognized celebrity tax delinquent. Besides his more recognized problems with the law, Strawberry confronted the IRS in 1994 while he was being investigated for tax fraud and tax dodging. He had to submit $350,000 in back taxes, fulfill three years of probation, and do 100 hours of local community service.

How come are professional athletes often in income tax trouble?

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Mortgage Jobs Halved Since Crisis Began

In October 2005, before the mortgage boom turned to mortgage crisis, there were a record high 535,400 mortgage brokers, loan officers, mortgage underwriters, loan processors, and others working in the mortgage industry.

But just five years later, only 246,400 remain, according to government data digested by MortgageDaily.com.

The publication, which has its own Mortgage Employment Index, said 87,131 mortgage jobs were lost in 2007 alone, when scores of banks and mortgage lenders consolidated or folded entirely.

In the latest quarter, 3,216 mortgage layoffs were tallied by the website, worse than the 2,028 job losses seen a quarter earlier, but far fewer than the 5,401 recorded last year.

Mortgage job hirings also declined, from 2,768 in the second quarter to just 2,286 in the latest quarter – Chase, MetLife, and Neighborhood Assistance Corp. w

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Review: Principles of Economics, 4th Edition (Student Edition)

The Lowest Price we could find is $238.95 $6.38

PRINCIPLES OF ECONOMICS continues to be the most popular and widely used text in the Economics classroom. The 4th edition features a strong revision of content in all 36 chapters while maintaining the clear and accessible writing style that is the hallmark of the highly respected author. The 4th edition also features an expanded instructor’s resource package designed to assist instructors in course planning and classroom presentation and full integration of content with Aplia, the leading online Economics education program. In the 4th edition Greg Mankiw has created a full educational program for students and instructors — Experience Mankiw 4e. “I h

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Japan Data Due On Tuesday

() - Japan is scheduled to release a raft of data on Tuesday, including October figures for industrial production, unemployment, household spending, construction orders and housing starts.

Output is expected to rise 3.1 percent on year and fall 3.2 percent on month after adding 11.5 percent on year and falling 1.6 percent on month in September. The unemployment rate is expected to hold steady at 5 percent, while household spending is expected ease 0.5 percent on year after posting a flat September. Housing starts are tipped to rise 9.7 percent on year after surging 17.7 percent in the previous month.

Thailand will release October figures for imports, exports, trade balance and current account. Imports are tipped to rise 14.4 percent on year following the 15.7 percent increase in September.

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