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The $7500 First-Time Homebuyers Tax Credit: What You Need to Know about Qualifying and Filing for this Incentive
Published on 12/20/2020

To offer incentive for homebuyers who purchased or plan to purchase their first home in this adverse economic climate, Congress included up to a $7,500 tax credit as part of the Housing and Economic Recovery Act of 2008. It is important to understand the requirements, qualifications, and filing instructions to determine whether or not one can take advantage of this credit.

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Opening a Joint Bank Account: Tips for Shared Savings and Checking Accounts
Published on 12/20/2020

Many married couples and family members find opening and using joint savings or checking accounts convenient and useful. With only one account, there is only one set of fees to pay and many married couples find pooling the money together makes budgeting easier. However, joint bank accounts are riskier than separate accounts.

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Global Credit Crunch Hits Business: Business is unable to secure needed funding for operations
Published on 12/20/2020

The public’s credit woes have been well documented in the print and broadcast media but lurking in the shadows, not receiving much attention at all is business’ inability to access credit for operations. This banking and liquidity crisis affecting business serves to magnify the problem the public is experiencing. The longer this crisis continues, the longer the unemployment lines will be.

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Implications of Bankruptcy: Consequences of Filing for Chapter 7
Published on 12/20/2020

Most people become bankrupt because they want a life that is free from debt and creditor contact. Although you can eliminate debt in just four months, there are several potential implications of bankruptcy that you should be aware of before you file.

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Debt Management: Creating a Plan to Manage Debt in Any Environment
Published on 12/20/2020

For a plethora of reasons, many Americans suddenly find themselves under a mountain of debt. This is particularly common in the midst of the worst economic environment in decades and seemingly never-ending job losses. Although it is understandable, it's neither acceptable nor unmanageable. With a bit of effort, that debt, no matter how large, can be eliminated.

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When to Refinance a Home Mortgage: Criteria for Individual Financial Circumstances
Published on 12/20/2020

Historically low interest rates are creating a surge in mortgage applications, and home refinancing is currently accounting for 79% of the application total. Many homeowners are taking advantage of low interest rates and finding themselves with more money in their pockets.

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Consumer Debt Levels: Teaching Money Management to Kids
Published on 12/20/2020

Because college students do not comprehend the responsibilities of handling credit cards, they are leaving college with large amounts of indebtedness, in addition to their student loans.

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How Debt Settlement Services Can Help You: The Settlement of Debt at Up to a 50% Discount
Published on 12/20/2020

Unsecured debt (charge cards, unsecured cash loans and repossession deficiencies) have spiraled out of control. According to an April 2009 Nilson report, the median level of unpaid credit card debt stood at $10,679 at the end of 2008. Debt settlement services are amongst the most popular ways of tackling money problems.

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Debt Reduction With Chapter 7 Bankruptcy: An Overview of Straight Bankruptcy
Published on 12/20/2020

Upon filing for a Chapter 7 bankruptcy (sometimes referred to as a Straight Bankruptcy), the court will appoint a trustee to gather and sell all of a person's assets in order to distribute the cash collected among existing creditors. In this way, debt is erased - but most of a person's assets are also lost.

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Save Money on Everyday Leisure Expenses: Make Cash go Further While Still Fulfilling Hobbies and Having Fun
Published on 12/20/2020

The term "leisure" is quite broad and means a little something different to everybody depending on their interests and hobbies. While there are some core expenditures - such as a mortgage or car payment - that are fixed within budgets, others, such as leisure are not fixed. Here are some tips on how to limit leisure expenses for an individual or family budget.

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Coin Jar Saving Tips for Grown-Ups: Solve the “Raiding” Problem and Make Every Penny Count
Published on 12/20/2020

Saving spare change isn’t just for kids. For many adults it’s a necessity, especially in this daunting economic climate. But the practice is hard to keep up. All too often, strapped savers must pry open their coffee cans or glass jars full of coins in order to feed parking meters, laundromats, and vending machines.

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Get Out of Debt with a Daily Saving Program: Simple Strategies for Debt Problems and Credit Card Debt Reduction
Published on 12/20/2020

Making money and finding new sources of money may be the most desired methods of getting out of debt or reducing debt. However, it is possible to actually cut down daily spending and generate a small but steady flow of cash that can enable bigger payments on debts.