Tag Archives: Debt

Technology and Money are Best Friends

Many people struggle to accrue any savings.  However, as technology advances, it has become easier and easier for people to set aside money in savings.  Here are a few places that can help you save more: – Mint.com allows you … Continue reading

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Remodeling Statistics

Before you think about remodeling your home, take a look at these Money.com stats: – Over $34,000,000,000 was spent in 2013 on renovations and repairs. – 80% of renovations are paid for by cash/savings, 22% use credit cards, and 15% … Continue reading

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Top 3 Debt Collection Companies

According to the ABA Journal, the biggest debt collection company is Encore Capital Group.  It is based in San Diego, grosses $1 billion per year in revenue, and owns Midland Funding and Asset Acceptance. The second biggest debt collection company … Continue reading

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Paying a Family Member’s Debt

A question often asked is whether there are any tax implications to paying a debt for a family member.  The answer is yes. Every year, a person can give a gift up to $14,000.00 to one person without having to … Continue reading

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Going After Someone’s Ownership in a Business

A charging order allows a creditor to receive the distributions of a debtor’s business to the debtor in order to pay off a debt.  This allows the creditor to stand in the shoes of the debtor when receiving any money … Continue reading

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Spending $1 million

 If you had $1 million in savings, how long would it last you? Here are some answers: At $30,000/year, it could last you 25 years. At $40,000/year, it could last you 20 years. At $50,000/year, it could last you 14 years. … Continue reading

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