The partnership of Clapton, Seidel, and Thomas was insolvent and will be unable to pay $30,000 in liabilities currently due. What recourse was available to the partnership's creditors?…
If you have bad credit, you are still able to improve your score. The Fannie Mae guide suggests not only paying your bills on time every month, but take additional steps as well. These include, but are not limited to, paying off credit cards every month, only applying for the credit you need, reminding yourself that credit cards are loans and that you will need to repay them, and try paying more than the minimum due each month. What if you don’t have a credit history,…
How long your credit accounts have been established, including the age of your oldest account, the age of your newest account and an average age of all your accounts…
You have to make sure you have money to pay the loan back, but if you don’t you will go into default. When you go into default this destroys your credit. The default shows up on your credit, which you don’t want to happen. Having negative credit on your credit report could stop you from getting future loans. Some other consequences of borrowing too much and going into debt are: evictions, foreclosures, wage garnishments, emotional breakdowns, ruined credibility and undesirable credit. Debt affects people in different ways and has a major impact on the life of each person. It often determines how they will be able to live their lives.…
If you have a credit card, pay off the balance each month. By doing so, you avoid the risk of late dues or unnecessary fees. In general, you should try and only use your credit card for emergencies. You might want to go ahead and spend money on your credit card, but you should focus on school and not spend money on entertainment. You could find yourself quite distracted by financial difficulties.…
Pay your bills ontime – This is the key to maintaining high credit scores. If you have many things going on such as auto, mortgage and insurance payments, you can create an efficient payment plan to ensure your payments are made in good time to avoid negative credit reporting. If you have problems with payments, you can automate your monthly payments from your bank or get help from debt consolidating agencies.…
Debt affects people in different ways and has a major impact on the life of each individual. It often determines how they will be able to live their lives. There are only two ways to acquire things that you cannot afford to…
Predatory lending is unfair and abusive lending practices that convince borrowers who are not adequately knowledgeable in financial matters and who do not have high enough credit score to get a loan at standard condition, to accept the extremely unfavorable credit conditions. Predators lenders’ extremely unfavorable credit conditions that are set such terrible conditions that borrower pay increased loan fees, and higher rates and sometimes the loan terms can cause borrower to lose a significant portion of his own funds or property. Generally, predatory lending strategies include tricking the clients, taking advantage of customer’s lack of knowledge on finance matters, not revealing or hiding the real lending terms, and applying forceful sales techniques.…
The problem is that people keep getting back into debt with them once they have paid them off or paid off a chunk. Get a consolidation loan for a cheaper rate and cancel all your credit cards.…
When the U.S. economy began to melt down in 2007 and entered a rapid period of decline in 2008, all eyes were fixed on the subprime mortgage crisis. Though the mortgage crisis, triggered by spurious lending practices and unprecedented risky investment bank practices, was undoubtedly the dominant factor affecting the American consumer in 2008, credit card debt and default was also making a contribution to the deteriorating economy and collapsing standard of living. As the subprime mortgage crisis accelerated, the increasing number of people falling behind on payments or defaulting on credit card debt…
There are four types of fats. Although there are bad fats and better fats, they are necessary to support cell growth and give your body energy. The bad fats are saturated fats and trans fats which are more solid at room temperature like a stick of butter and trans fats are liquid such as vegetable oil. Theses fats raise bad cholesterol levels and clog arteries putting you at risk for heart disease. Monounsaturated fats and polyunsaturated fats are the better fats that can lower bad cholesterol levels and are beneficial when consumed in moderation.…
Refrain from using credit cards – In debt, the first thing to do is to forget you have a credit card. Buying using a credit card will add to both your debt and worry.…
The first thing you should do if you are seriously interested in paying down your debt is stop creating new debt. While closing a credit card will hurt your credit score, there isn’t a penalty for keeping your balance at zero.…
The 1950’s was a time where war soldiers were coming home and were given the opportunity to go back to their families and begin a new life or create one; the war was over. There were new opportunities arising, and suburbs were becoming the norm. Racial segregation was coming to an end, we added two new states to the United States of America, and families were beginning to have babies left and right. Music started to change with Rock n’ Roll, clothing and fashion was changing, inventions were being made, and people were changing. A loaf of bread cost $0.14, and the life expectancy for a man was 65.6, and for women it was 71.1.…
Jennifer Fass is a clinical assistant professor and Andrea Fass pharmacy assistant professor. They open this paper with an eye catching statement, “The pharmacist on duty at a community pharmacy in Oregon receives a phone call from a local physician who says he intends to write a prescription for a lethal dose of secobarbital to end a patient’s life (Fass & Fass, 2011, p.846).” They review the Death with Dignity Act that was created in 2008. This states that a terminally ill patient with less than six months to live and 18 years or older has the right to request aid from a…