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Tag Archives: Bad Debt

After Your Bill Consolidation Loan Is Approved – Now What?

After you have successfully been approved a bill consolidation loan you may ask yourself this, “Now What?”. A valid question, but one that is easier answered by what NOT to do. Now that you have cleared up your Visa, Mastercard, and American Express debts and arrears, it’s time to take a good close look at […]

What Can I Do About My High Credit Card Debt – Case Study

We had a reader email us the other day asking what she could do about her high credit card debts. She said we could change the name and location and post the email. So here goes. We have paraphrased some of the content so the writing would be a little more understandable. Hello Carol and […]

What Is The Definition of Charge-Off?

A Charge-off is a financial industry term that means a loan is likely not going to be paid by the borrower and will likely become a tax write-off for the lending entity.

Assessing Bad Debt + Monthly Budgets [1]

In troubling financial times, such as 2009, people are suffering more than they have in decades. As 2009 wears on we are likely to see even more catastrophes taking place in the stock market on Wall Street and of course for every day consumers on Main Street.