Is It Bad To Walk Away If You Can Still Pay?

By Caleb Zobrist, Esq. & Ethan Featherstone, Esq.

On January 25^th of this year, the Nevada Association of REALTORS® (“NVAR”) published a state-wide study conducted in August of 2010 of households that were in some process of foreclosure or resided in high foreclosure neighborhoods and their feelings about foreclosure. The study found that “nearly one-quarter (23%) of those surveyed admitted that they “strategically defaulted” or “walked away” from their home.

Debt Consolidation for Homeowners

If you are a home-owner looking for credit card debt assistance, then you have the one major resource you need already in your possession. There are two ways in which you can use your home to help consolidate credit card debt; cash out refinancing and home equity financing. If you follow the right procedures, then you may be able to use cash out financing to lower your monthly payments while helping you get your financial obligations under control.

Tips To Avoid Phantom Debt Collectors

People have a negative way of thinking about debt collectors. They think that they are very dishonest. So don’t be surprised to learn that the debt collectors are violating the rules. Phantom debt collectors are keep on making the violation of the Fair Debt Collection Practices Act. (FDCPA). Most of the time they misrepresent your debt amount but they are not allowed to do so because it is illegal. It is never easy for us to keep a track of all the transactions we do. And this is our week point and the phantom debt collectors take the advantage of our compulsion. So don’t make any payments to them if you have any doubt on them.

Pros & Cons Of Debt Consolidation Loan

Most of the consumers go for a debt consolidation loan in order to consolidate their personal debts such as overdrafts, high credit card and small personal loans. Debt consolidation is done to ease the family economy, reduce household bills and as well as monthly payments too.

The Pros of Debt Consolidation Loans:

1) First of all, you need to ease your household bills. Take a control on all your personal debts and try to bring them under one roof with a debt consolidation loan because it helps you to simplify your household bills. You can also get rid of getting deep into the bad credit by making your monthly payments on time.

Know How To Increase 401k Savings

You would like to confirm that you have plenty of money for you at the time of your retirement as you move up in your financial career. People are often confused about the some of money that is deferred for 401k. You should know some tips to increase the growth of your 401k account in order to become more prosper.

1. Try to send Whatever bonus you have received from your employer, to your 401k account. This trick might be proved as a one of the best options for the people who have relatively low contribution to their account of 401k throughout the year. You can also submit your annual bonuses to the 401k account to avoid the additional taxes.