Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
A recent survey on US consumer spending habits during Christmas shows that 40 percent Americans plan to spend the same amount as last year. In fact, an alarming 12 percent this year plan to spend more. This wouldn't have been as alarming had it not been for the source of expenditure. US citizens use credit cards to buy gifts and toys during the Yuletide. This is why ...
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Finally, people are asking, if they really need a credit card to make their necessary payments. From meager beginnings in the 1920s, the credit card industry has exploded over the last few years, thanks to computerization of society. Consumer spending has been revolutionized due to credit cards and they’re also the reason behind the changing face of business. In ...
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By now, almost everyone knows that the ‘plastic’ cards can be damaging for the finances, if they’re not used sensibly. A credit card in the wrong hands can bring about financial ruin to an individual. Therefore, sharing your credit card account with another individual is something that most consumer advocates strongly advice against. Yet, some people opt for it ...
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The APR, in short, is the annualized interest rate applied on a loan or a credit card. The APR charged by a lender is higher than monthly interest rate because APR includes all the fees associated with the loan. Let’s consider an example. You have taken a loan of $600 from Chase for a term of 12 month with 5% interest rate. All other extra fees amount to $200. What ...
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Everyone makes resolutions at the start of each year. Hardly anyone is able to stick to it. But you can! The simplest way is to start with your finances. With your finances right, 2014 couldn't get better. Fact remains, this country is 11.3 trillion dollars in debt with 856 dollars in credit cards and another trillion from student loans, says the Federal Reserve. ...
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If you are working with a debt relief company so that your creditors forgive some of your debts, then you should know something. Any debt that your creditors forgive could create another bill – a tax bill. Often, many people ask the question- “Why do I have to pay taxes when a lender forgives my debt?” Well, according to the Internal Revenue Code, a taxable ...
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Check out how OVLG services can show you the right exit when you land up amidst debt problems.How does OVLG debt relief process work?OVLG’s exclusive Waterfall approach to debt free™ is both flexible and consumer friendly and can help you shed off your debts quickly.If your financial condition is satisfying, you can pay off your debts through simple budgeting and ...
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‘I wish I had planned my monthly budgets earlier!’ This is what you end up saying every time after you face a severe financial crisis due to some insensible overspending. Well, lamentations and last minute sighs never help in resolving problems. If you sit back and think nothing is going to happen by itself. Instead of wondering where your money goes every month ...
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