Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Have you got married recently? If yes, then managing joint finances properly should be high on your agenda. Here are some tips for newlywed couples: 1) Do away with unnecessary accounts: If you have several bank accounts then check if you need all of them. You should understand that having checking and savings accounts at too many banks does not make sense if ...
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The U.S has decided to revamp the mortgage system and the Obama administration has already chalked out the basic plans. The government aims to attract private capital, and end unethical mortgage practices. Federal plans also specify the demise of Fannie Mae and Freddie Mac. There are plans to raise rates for government backed mortgages to the level of private banks. ...
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The term debt snowflake has gained substantial popularity in the recent years. Debt snowflake is essentially a debt reduction process, and it refers to making additional small payments towards your debt.Debt snowflake can be seen as a part of debt snowball process. With debt snowflake, you make payments as per a fixed strategy (usually trying to clear the smallest ...
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In financially challenging times, increasing your cash flow can improve your monetary situation significantly. While extra sources of income can be a great way to increase your cash flow, prioritizing your debts is another effective yet overlooked solution. There are certain types of debts which, if eliminated quickly, can boost your finances. You might not ...
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Are you submerged in credit card debt? If yes, then you must be considering credit card balance transfer to eliminate your debt. Well, 0% balance transfer offers are quite common these days, and they are becoming more and more popular with the consumers. But they can also put you in trouble. What do credit card companies promise with balance transfer ...
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One of the major reasons for the recent global recession is the tendency of the Americans to spend more than their means. However, the good news is that today most of the families in the US are moving faster than what analysts had predicted. They are now paying down debts more actively than ever and coming up with innovative ways to boost their savings. This in ...
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It seems that American families are getting wise with their debts. Do you know that mortgage debt in the U.S dropped in the last quarter of 2010? This will sound even more striking if you consider that borrowing costs in the U.S increased in that quarter. According to the Federal Reserve, mortgage debt in the U.S stands at $11.4 trillion. It has reduced by 1.3% or $ ...
Read moreAre you suffocating under heavy tax debt? If yes, then you must be tempted by the advertisements that claim to settle your tax debt. People with back taxes or audit/collection problems are often vulnerable to the apparently good offers from the fraud tax relief firms. These days, tax debt relief scams are all over the internet and also to an extent on television and ...
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