Personal Finance and Investing

If you ever find yourself eking out one last £10 note in the final days before payday, never think you are alone. According to a YouGov report, almost half of workers struggle to make it from one payday to the next.

And it’s particularly difficult in January. Christmas and New Year always ends up costing more than most people expect. And some companies, in a strange act of misguided generosity, will pay you early in December in order to help you spend more than you should in the run up to the big day. So, chances are, right now you are wondering how to make it through the last few days of January.

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Fewer discounts –account

Discount Benefit to the buyer

Suppose discount I have to pay you rupees of 2080/ in a year’s time, but you want your money at once. Certainly you cannot demand and I cannot give full rupees of 2080/, what we do then? We find the interest rate prevailing, let us say, is 4%. Clearly I can discharge my debt by paying you rupees 2000/ at once. You lose nothing. Why because if you deposit rupees 2000 / at the prevailing rate, in any bank, it will amount to rupees 2080/ in year’s time.

Now we can easily or understand that rupees 2000/ is the present value (worth), on rupees 2080/ due one year hence. The p

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I’ve previously written about the Capital One practice to offer NEW accounts WITH old charged off debts.  I’m glad to see that McGraw is TRYING to do something about it.

What’s wrong with the OTHER 49 AGs?

And I wonder WHY he can sue them again.  In 2008, he sued Capital One and they promptly converted to a NATIONAL bank.  The states have NO power to enforce the laws against NATIONAL banks, as Wells Fargo litigated in California years ago.

I’m sure you can see what’s going on.  The BANKERS are running Washington D.C. and of course

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According to the Maryland regulators (article posted below), consumers WANT to pay their debts.  What a FOOLISH move!!!!

The Maryland statute of limitations for credit cards is only 3 years.  HOWEVER, the 3 year statute of limitations begins again if creditors can document that a debtor has reaffirmed a debt on a good faith basis by a written agreement, orally, or by payment. <

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