Can I Overpay My IVA?

Recently we’ve been discussing bankruptcy but in the U.K. there is an alternative called an Individual Voluntary Arrangement or “IVA” which is a formal alternative for individuals wishing to avoid bankruptcy. Basically it is a structured repayment plan which may allow partial foregiveness of your debt. How an IVA Works The debtor’s income (A) and […]

Wise Money: Six Investments To Consider

When the stock market is on shaky footing it’s usually a good time to look into non-traditional investments. While most people think of investments as stocks and bonds, an investment is really anything you put money into in hopes of making more money later. There are many types of investments that you can put your […]

How to Up Your Credit Score

Credit is crucial. In fact, your credit score determines your ability to procure auto loans, credit cards and home mortgages. Some might say that it can make or break your financial future. Main Credit Scoring Agencies There are three major consumer credit reporting agencies that operate in the United States: Equifax, Experian and Transunion. When a lender considers […]

Overspending Solutions- Government and Personal Debt

Government vs. Personal Debt- It is easy to say, “Expect the unexpected.” Tell that to the famous financial institutions that were either swallowed up or disappeared completely during the crisis created by Collateralized Debt Obligations (CDOs) a few years ago. Not only did the bosses not see the problems coming but the staff were astonished […]

5 Excellent Strategies for Paying Off Debt

Are you in debt? Even if you’re not now, chances are you will be at one time or another at some point in your life. If not properly handled, going into debt can become financially burdensome and extremely stressful. The good news is that there are many strategies that you can employ to help in paying […]

Earning More Money is Not the Answer

Earning More Money…  How much more money would you have to earn to get out of debt? 1%, 5%, 10%? Almost everyone who is in debt says the same thing… no matter how much they make it is the same… if I only earned 10% more money I could get out of debt. But the fact is that […]

Your First Credit Card

Your First Credit Card Why You need One You might be wondering why you would want a credit card when we hear so much news about how bad it is to get into debt. Well, not all credit is bad. In fact, it can be just the opposite. Credit cards are now a part of […]

Don’t Be Liable for Debt When Serving as Power of Attorney

Debt: Don’t be Liable The term Power of Attorney (POA) is often used to refer to the capacity of “attorney-in-fact” which allows one person to act as an “agent” for another person. Unfortunately, a power of attorney ends when the person granting the power to another becomes incapacitated. In order to allow the person to continue acting on your behalf […]