Bankruptcy Best Bet?

Written by Alli Ross


Continued from page 1

Quick Tip... Shop around for a loan consolidation company. Compare interest rates and company reputation. Get as much information as you can about each potential company so that you will receiverepparttar most manageable payment.

Another option is to make a settlement. If possible, it is best to try and pay off your debt in full or to make an arrangement for payments withrepparttar 140143 creditor. Do not borrow money to pay off your debts. For most people, this only leads them deeper into debt.

Credit Counseling

Credit counseling agencies will contact your creditors and make new payment arrangements on your behalf. Most of them are able to get your interest rate lowered or even have your interest payments stopped.

Some families have found credit counseling to be one ofrepparttar 140144 best solutions for avoiding bankruptcy. It will also give you some breathing room, without creditors calling you offrepparttar 140145 hook.

However, sometimes bankruptcy isrepparttar 140146 only option. Personal bankruptcy allows people with overwhelming debt to get a fresh start. Although it will tarnish your credit rating, bankruptcy is sometimesrepparttar 140147 only choice. In this case, it is important to find a good debt settlement company. As always, researching different bankruptcy companies and options isrepparttar 140148 best thing you can do.

Find some interesting Bancrupcy Statistics. Alli Ross is the webmaster at the Baby Names Box


Life Settlement Overview

Written by Grant Shellhammer


Continued from page 1

According to industry reports, Life Settlement proceeds are tax-free up torepparttar cost basis (premiums paid since policy inception). They are taxed as ordinary income from basis to cash surrender value and proceeds aboverepparttar 140115 cash surrender value are taxed as capital gains.

Oncerepparttar 140116 Life Settlement change of ownership has been recorded withrepparttar 140117 insurance company andrepparttar 140118 policyholder has received their money,repparttar 140119 Life Settlement funding source will continue to pay premiums throughoutrepparttar 140120 life ofrepparttar 140121 insured. All types of life insurance qualify including group, term, whole-life, universal, survivorship and key-man policies.

Grant Shellhammer is an affliate Life Settlement Broker with Life Settlement Pro. He works with senior citizens and financial professionals nationwide to provide life settlements.

Contact details:

grant@lifesettlementpro.com

1.888.973.8377

http://www.lifesettlementpro.com


    <Back to Page 1
 
ImproveHomeLife.com © 2005
Terms of Use