Archive for May, 2011
If your drowning in a see of Debt let us help you to take away the stress visit www.moneyandme.co.uk
Bart Schraub
Good ways to get out of credit card debt include not using cards and quickly paying down cards with smaller balances. Stay out of credit card debt by throwing away enticing low interest-rate offers received in the mail with advice from a certified public accountant and credit counselor in this free video on debt management. Expert: Jerrie Guthrey Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992. Filmmaker: Jack Guthrey
Erline Miyoshi
I think that a lot of the problem with the healthcare system in America is that the costs are out of control. The management has been hijacked by greedy corporate types with MBA’s. The healthcare industry has been hiring when other industries have been suffering and laying off. Most people who used to work at McDonald’s go take a class and work at a hospital or nursing home. Hospitals have so much expensive equipment, some that cost MILLIONS.
Yet, if you don’t have decent health insurance or any health insurance, most patients get charged exorbitant prices for their care! Why should anyone have to go into serious debt for care? It seems like the executives of these hospitals are taking advantage of the situation and extorting people!
This is why they can hire all sorts of people, even the dregs of society, and buy all kinds of machines! What’s worse, the pharmaceutical industry hikes up their costs by using their drug rep minions to buy expensive lunches, dinners and outings for doctors to bribe them! That is outrageous! I used to work at a restaurant and whenever I needed to charge a rep extra, they didn’t care, they’d tell me to put on a huge tip too! All that BS about needing to keep patents in order to recoup the costs of researching the drug are total garbage!
I think hospitals and drug companies need to get their costs in line! Every other industry has had to, why not the medical industry?
Fiona Prato
Debt Management Plans in the UK – debt advice from www.becomedebtfree.co.uk on pros and cons of DMP’s. Call us on free phone 0800 169 1536 for confidential advice
Mohamed Beiler
(part 1) Colm McCarthy of UCD at the Trinity College Dublin ‘Economic Crisis Conference’ on the 20th of May 2009. at the JM Synge Lecture Theatre (Room 2039), Arts Building. His talk was about Pensions and Debt Management Slides to the conference can be found at the irish economy website here: www.irisheconomy.ie all the slides from the day are available here: www.irisheconomy.ie The conference agenda and speakers were as follows: Jim O’Brien, Second Secretary General, Department of Finance chaired the first half 1st speaker: John Fitzgerald of the ESRI on Competitiveness in Ireland and price levels 2nd Speaker: Karl Whelan of TCD ‘Potential output & the structural deficit’ 3rd Speaker: Brian Nolan of UCD on Equality. John McHale of NUI Galway (formerly of Queens University Canada) Chared the second half. 1st Speaker: Colm McCarthy of UCD ‘Irish Pension policy and debt management’. 2nd Speaker: Philip Lane of TCD ‘Current challenges for the Irish Economy’. 3rd Speaker: Patrick Honohan of TCD on Banks. Filmed by karl deeter of irish mortgage brokers www.mortgtagebrokers.ie with permission by Philip Lane and Patrick Honohan of TCD.
Doloris Maker
i’ve had trouble paying off some loans due to me losing my job and the company i owe the money to have managed to get a ccj against me and i’ve now got a bailiff threating to come to my home.Could i enter into a debt plan so i wont ever have the bailiff come to my home?
Marty Shillinger
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Johnathon Westerberg
I have a question regarding the tax implications of a foreclosure I went through last year. I believe I may qualify for the Mortgage forgiveness Debt Relief Act, but It’s not quite that straightforward. Here’s the situation…
I purchased a condo in 2007 for approximately $500k. It was purchased as a primary residence with no intention of doing anything but moving into it and living there. My home at the time was on the market for sale and I even had a property management company attempting to rent it out for me if it wouldn’t sell. I began to move into the new condo and decorate it, while hoping my first home would sell or rent. Unfortunately, neither happened and after four months of paying two mortgages without rental income, I decided to attempt to rent the new condo as well; the new condo rented almost immediately, but at a cost much less than my monthly costs.
This was around the time the housing market was collapsing and I saw the values of both my first home and my new condo go well under water. I continued to have no luck selling my first home, so decided to put my new condo on the market as well in 2008. However, by this point, the value of the property was so under water that my only option was a Short Sale, which I received offers on, but no sales. Finally in 2010 the property was foreclosed upon for approximately $325k. I received a 1099-C in the amount of approximately $160k.
My question is: The property was purchased as a primary residence with the full intention of moving into it, however due to the above circumstances this never quite happened (I slept many nights there in those first 3-4 months, but never fully moved out of my first house). Does this qualify for the “Mortgage Forgiveness Debt Relief Act and Debt Cancellation”.
Any advice would be greatly appreciated!
Erick Masden
I am beginning to regret going to college, it seems the only thing I have attained from it, is debt. When I went to school I was allured to the dream of being an airline pilot. I finally got my pilot’s license, but it got to expensive, so I switched to Aviation Management. I am so depressed and mad at myself for letting this happen, and it seems like there is no way out. A few times I forgot to fill out the FAFSA so I had to take out loans to cover the expenses, or I was late getting it in and got no money.
Here’s where I am at:
1 Loan for $50,000 (Monthly Payments of 476/mo); 1 Loan for $21620 (Monthly Payments of 128); 1 Loan for $7800 (Monthly Payments of 50), and Credit Card Debt of about $3000. So I have loans totaling $79420.
I also have a car payment, cell phone, however I pay no rent, but my grandparents will soon be asking for that.
I just got a new job that pays me $35000 per year. So if I don’t put anything into savings I can pay off my loans in about 4 years, however when you begin to figure in my other expenses it’s more like 7 years.
Consolidation is not really an option, because the $50000 is an “Education Alternative Loan”, it’s not a federal loan. The $7800 loan is a no interest loan. And the $21620 is a direct federal loan.
-My dilemma is that, I have a girlfriend that I want to begin a life with. I wish to get an apartment with her maybe in the next year or so. And I want to marry her.
Situation 1- Do I put no money into savings and just tackle the loans head on? I will have no money for retirement or a down payment on a house.
Situation 2- I put some money aside into savings, and it will take longer to pay off?
Situation 3- Declare bankruptcy if I can?
I apologize for this taking so long, but I don’t know what to do. Thank you for your help.
Jamie Winebrenner
My boyfriend and I are now considering our first home. His credit is excellent and he has savings in the bank to cover a deposit. My credit is poor and I have a DMP (debt management plan) running. My total debts are only £4000ish, but will the DMP put lenders off giving us a mortgage?
We both earn a decent wage and work full time?
When they weigh everything up, will the good points (good incomes, deposit saved) outway my poor credit?
Thanks
Cecelia Mcfeeters