Personal Finance and Investing

Are you concealing a debt from your loved ones? Research by AXA suggests that a staggering 12.2million people in the UK are hiding some sort of debt from their partner, family or friends. That means almost a quarter of us are lying about the state of our finances. And we’re not just talking about a few hundred pounds. The average ‘hidden debt’ is £4,096.32 according to AXA’s research – that’s £50billion in total.

Aside from any damage to your relationship, this can cause real problems for couples who want to take out a joint financial product.

If you want a mortgage or a home improvements loan as a couple, one partner’s existing debt could scupper your chances.

So what are the main avoidable reasons for debt and how can you recover your financial stability? W

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The tax attorney is a lawyer who can be easily located and found in law firms that are into tax-related issues to assist citizens on problems related to payments of taxes. This is a person who is an expert on the field of troubleshooting problems concerning taxes. He is the one that can be readily approached by a taxpayer in case of problems that are relevant to taxation.

If you have some questions or issues relating to taxation the tax lawyer is your instant ally. You do not need to go any elsewhere if you are confronted with such nature of predicaments.

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There is a nonprofit organization named College Board that has tracked the amount of student loans, among other statistics, originated each year. Based in New York, the most recent report on the 2008-2009 academic year shows there were approximately $11 billion in private student loans issued. This is a 52 percent decrease over the prior year.

It is interesting to note that the private student loans have declined but the federal loans have risen. There are good reasons for this and most of them are related to the condition of the economy. It is much more difficult to obtain credit this year as opposed to last year as credit markets remain tight.

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As Bank of America continues its search for a new CEO, one of the nation’s most powerful unions is giving it some unsolicited help: Since last week, the Service Employees International Union has been running online ads announcing a CEO vacancy at a “big bank” that may “reward failure with big $” and does not require a “basic understanding of the economy.”

Protestors gather during a rally against Goldman Sachs, demanding they redirect bonuses, Monday, Nov. 16, 2009, in Washington. Read more…