Managing debts is something that many people across the world do on a daily basis however it does not get most of the spotlight compared to other areas of personal finance. If you want to ensure that your personal finance is sorted out, you need to be on top of your debts so that you understand the full picture of your situation. Take a look at these top tips that you should use to manage your debts:
- Know who your creditors are: Everyone who has debts to pay should know the profile of their creditors such as their approach to their customers and how they treat people who are behind on paying debts. The best way to know your creditors is to tell them if you are having financial difficulty so that they can manage your account.
Last year the IRS announced an alternative to its Offshore Voluntary Compliance Program (OVDP) which was being made available to a limited group of non-resident individuals who failed to file Foreign Bank Account Reports (FBARs) on Form TDF 90-22.1. Our tax lawyers blogged about the Streamlined Program previously, taking a look at some of the pros and cons. Now the IRS has issued six Frequently Asked Questions about the Streamlined Compliance Program.
The most important FAQ is the first one. It makes clear that taxpayers who have a tax liability greater than $1,500 may apply to the Streamlined Program. It cautions that if a taxpayer exceeds the $1,500 threshold he or she may be classified as higher risk, and under FAQ No. 2 may be subject to higher penalties.
The biggest news this week is all about student loan affordability, as the Consumer Financial Protection Bureau released a new study on the topic.
CFPB Releases New Report on Student Loan Affordability
The CFPB decided to examine the issue of student loan affordability in February 2013, issuing a request for comment in the Federal Register. After 28,000 comments flooded in from borrowers, lenders and other concerned parties, the agency released a summary report Wednesday.
The report outlines a ripple effect that branches out to the housing market, small businesses and retirement savings.
BT has ramped-up big name signings to plug its new sports venture.
The telecoms giant unveiled Merseyside rivals Marouane Fellaini from Everton and Liverpool’s Daniel Sturridge as its latest “ambassadors” to promote the service.
BT is due to give more details about the channels next week.
The service will pitch BT against the might of Sky Sports.
BT has already signed Spurs star Gareth Bale and Arsenal winger Alex Oxlade-Chamberlain.
Piling up on debts and interest rates, and defaulting on repayments could lead to losing of your valuable assets and finally, filing for bankruptcy. Many find it difficult to file for bankruptcy due to their lack of knowledge.
They believe that it will hamper their status in the community by doing it so. Thus, carrying our proper groundwork before you do anything is important. There are laws that protect your interests.
Here are some of the basic things that you need to know:
What is bankruptcy?
When an individual is unable to pay bills or loans acquired for a long time due to some financial problems, he/she can opt for lawful disclosure of the situation.
If you are considering taking out your first personal loan, the rapid process is a very attractive feature. You want money quickly and can get money almost instantly with payday loans. Everyone can qualify for quick cash loan online! The only problem is that you may not be sure how these loans work. This brief article will give you a good introduction so you know exactly what to expect.
Your first step is to ensure that you are able to take a payday loan. Make sure you have a clear plan to repay the borrowed amount, even if it must be done with your next paycheck.
Start doing research on the different payday lenders. Find those who are trustworthy and who have the best loan rates. Read more…
A car title can help one acquire a loan. This one can be verified right through a simple application procedure. There are various advantages to use this method to acquire loans through car titles in cases of emergency.
An organization is set to give people loans only if they have their car titles. The car title must have the name of one requiring the loan. The value of the car is also determined with the amount required. Plus, the car title loan must be clear from liens. The application is very simple by just following few procedures.
Job searching can be a full-time job. It takes time to create the ultimate resume, search available positions, tap into your professional network, schedule interviews, etc. To top it off, its often easier to find a job when you . There are a few reasons for this, but it usually boils down to this: when you are already employed, you are seen as a more desirable candidate than someone who has been out of work for a long time.
I have experienced this personally. I was unemployed for six months after I separated from the military and transitioned into the civilian sector. Granted, this wasnt an apples to apples career transition. It was a major career shift. That was part of the reason it took so long to find a job.