Financial Services

Props to you for having a little cash—and for deciding to save it. Back in the day when I was about eight, I went with my parents to the neighborhood bank and opened my first savings account. I think I deposited a whopping $10. The stakes are a little higher when you’ve got more coming in—that’s why it pays to know your savings options.

Whatever amount you’re starting with and whatever you’re saving for, ask yourself: How long will I keep my cash there? How often do I want to make withdrawals? How much do I plan to stash?  

The longer you leave your cash alone and the more you keep in the account, the more interest you’ll usually earn. Here are some of your options:

• Basic bank savings accounts: You’ll earn low interest (around 2%) but in most cases you can make withdrawals whenever you want, and there probably won’t be a minimum balance.

• High-yield and money market savings accounts: You can earn slightly higher interest rates (around 3–4%); but you’ll probably have some withdrawal limits and minimum balance requirements.

• Credit unions: Like banks, but owned by their customers, credit unions usually offer high interest rates on savings.

• Certificates of deposit: If you can leave your money alone for a long time, think about a CD—these earn the highest interest rates of any savings option a bank allows. Just know that early withdra

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Written by San Francisco bankruptcy lawyer, Jeena Cho

I always tell my clients that there are 3 rules in bankruptcy – disclose, disclose, disclose. In exchange for getting rid of all (with few exceptions) of your debts, you agree to complete disclosure of your financial world. This includes not only your debts but all of your assets too.

Let’s talk about 3 common mistakes people make when listing assets.

1. Overvaluing. In law school, one of my professor used to say – what’s priceless to you may be worthless to everybody else, which is a very difficult thing to value. For example, your pet(s). I know your dog may fetch your newspaper in the morning, cuddle with you when you watch TV, and you wouldn’t sell him at any price, but chances are, your dog is worth $0. Unless you have a show dog, or he stars on his own TV show, he’s worth $0. (Please don’t take this to mean I dislike dogs. I love dogs.) Read more…

Even though there still seems to be advertisements for bad credit debt consolidation loans, it appears that they are impossible to get. If they are unworkable to get then do they really even exist anymore? Just because the commercials are still airing and there are a lot of places out there advertising that they can give consolidation loans to individuals with poor credit, doesn’t mean it’s something that someone can really depend on for some financial assistance.

The reason these loans are not being handed out anymore is that the lending requirements at present are not what they were a couple of years back. As of the current state that the country is in, lenders are being extra careful with who they lend money to. Most of the troubles taking place are because lender were handing out mortgages to people who did not have the credit or the income to validate the loan.

It appeared to operate for a while, the downward spiral took place and now most everyone is distressed because of it. Now, lenders are more stringent with who they will provide loans to. Read more…

After declaring bankruptcy, you can not own anything including, home, property, assets, automobile etc. All assets belonging to you come under the control of bankruptcy trustee. In case, you are family man or living with partner and children then you get maximum 12 months to make another arrangement. After the 12 months, your home or property will be sold by court to repay the money of creditors. If you don’t accept the order then this order will be fulfilled enforced by a court.

If debtor is joint owner in property or home with someone else then second owner can buy your part from the official receiver that is your creditor. Other bankruptcy effects are the restrictions placed on you for particular circumstances like you can not obtain loan, credit cards, etc. A bankrupt can not run business directly or indirectly in any condition. You can not mange the operation of any company without permission of court.

After declaring bankruptcy, you may get a new bank account but you have to disclose the fact about bankruptcy. After that, bank or lender can impose any condition on you. T

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Since my last post, yours truly broke her left hand (see, I was telling the truth when I said I was klutzy in my intro!) Over the past two weeks, I’ve learned a lot about health insurance, the kindness of strangers and how to open peanut butter jars with one hand. Such life lessons will be left for later posts.

For now, I’d like to make a bold statement: you, my dear reader, are rich. Yes, it’s the holidays so you’re lucky to have friends and family who love you. But I posit that you are dollars-and-cents rich because you have so much human capital. I roughly define human capital as the knowledge and skills you’ve learned to produce something of economic value. You’ve built your earnings power through decades of education, hobbies, and on-the-job training. Over time, you “convert” human capital into financial capital, through promotions, salaries and stock options. Given these countless hours, why shouldn’t you protect your human capital?

My second bold statement: most of personal finance defends and grows your human capital, as well as your financial capital. For example, a lo

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Address: 9720 Coit Rd, Ste 200-225
Plano, TX

Zip: 75025
Country: US
Phone:
Website:

So many people today regret ever getting so many credit cards and loans. They may have gotten too much mortgage or too many credit cards, but now they are in over their heads when it comes to debt payments. For the residents of Plano, Texas there is a company that will help fix their situation. Debt Regret offers many options when it comes to debt relief. They can help negotiate your debts, help settle your debts for less, and even help with bankruptcy. Debt Regret also has courses designed to help you stay out of debt once you complete their program.