debt

Bad debtors have the right to be quiet?

by Lilly November 4, 2012 Banking and Finance Law

In this economy, times are tough for everyone. Job losses, wage cut-backs, work hour reductions, all combined with rising expenses make paying back debt harder than ever. If you find yourself unable to pay your loan, there are some steps you can take to avoid legal action. If you find yourself in a debt bind, […]

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Understanding Debt Consolidation

by Legal Author August 5, 2012 Finance

Debt has become an inevitable part of modern life. For most individuals, a significant amount of earned income is dedicated to repayment of loans in an effort to get debt-free as soon as possible. Many people are more than willing to take a hit on their quality of life in order to ensure that all […]

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Know your Rights and Defend Yourself From Abusive Debt Collectors

by Legal Author August 2, 2012 Debt Recovery

(US Law) Unpaid debts and bankruptcies have become more prevalent than ever in today’s difficult economy. With high unemployment, impossible mortgage and car payments and skyrocketing medical costs, financial survival for the average American seems more difficult each month. When faced with these problems, people have become desperate trying to find a better way to […]

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The U.S Believed To Be In A Depression: Debt Begets Debt?!

by Legal Author July 9, 2012 Debt Recovery

The following is a guest blog post regarding debt and the U.S. economy. It would appear that recently, the U.S Economy has slowly begun to turn around. There are many people who would believe in that statement, however, there are also many more who would not. Analysts have been arguing over whether the U.S economy […]

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Understanding The Greek Bailout

by Legal Author June 26, 2012 Banking and Finance Law

The Greece bailout situation is one of the most significant news stories of recent weeks and has dominated the headlines of newspapers and TV broadcasters alike. This article will highlight – in a simplistic manner – the cause of Greece’s debt, the knock-on effect for other European countries and the possible solution to the crisis. The Cause Of Greece’s Debt Greece’s precarious situation can be pinned back to 2001 when they deceptively joined the EMU (Economical and Monetary Union) by downplaying their levels of debt in order to pass the obligatory requirements of the group. Once Greece became a part of the group, they acquired the ability to borrow […]

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