Posts Tagged ‘debt’
Ways to live within your means and get out debt include creating a budget and eliminating frivolous spending habits. Eliminate debt by contacting a consumer credit agency when living beyond means with tips from a certified public accountant and credit counselor in this free video on debt management.
Expert: Jerrie Guthrey
Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992.
Filmmaker: Jack Guthrey
Duration : 0:4:31
A loved one’s death is traumatic enough, but when the deceased leaves behind credit card debt, it can mean even more headaches and stress. CreditCards.com’s Dana Kochnower takes a look at what happens to credit card debt after death and who is responsible for repayment.
TRANSCRIPT:
Voiceover: As the recession drags on, more and more Americans are having a difficult time making ends meet.
David Jones, president, Association of Independent Consumer Credit Counseling Agencies (AICCCA): “We’re seeing people with a lot of debt these days. More than they have had in the past.”
Voiceover: And it’s hitting older Americans especially hard. According to a survey by the Federal Reserve, about half of all households headed by someone aged 55 to 64 carry credit card debt. And more than a third of those headed by someone aged 65 to 74 are also carrying credit card debt.
It’s an issue, Jones says he’s seeing more these days…
Jones: We’re also seeing a shift of difficulties with older Americans. They’re reaching retirement age or have already retired, so, yeah, it’s a serious problem.”
Voiceover: If an older parent or spouse dies, sometimes they leave some of that credit card debt behind. So who is responsible for paying it off?
Elder law attorney Ron Fatoullah: The debt does not die when they die. Their estate would have to pay off their debts… certain things get paid off first… There’s funeral expenses, that’s a priority. There’s administration expenses to administer the estate. Of course, the US federal, state, local taxes get paid.
Voiceover: Here are the basic rules… If a card was in an individual’s name only, then only that individual is responsible for the debt. If the account is a joint account, then the surviving account holder is responsible. If someone is an authorized user but not a joint account holder then that person is not responsible for the debt. The exception to the rule is in states with community property laws.
Fatoullah: During the lifetime of the husband and wife, the assets are considered each other’s. And as they grow, it’s their joint asset — that’s the community property aspect of it. So when one of the spouses dies, in many of the community property states, the surviving spouse, whether it’s a husband or wife, will be responsible for the debt of the deceased spouse.
Voiceover: If there’s not enough money in the estate to cover the debt, Fatoullah says it’s tough luck on the creditors.
Fatoullah: Credit card companies can call, they can cry, they can moan, but those debts will not be paid
Voiceover: Still, Jones says, it doesn’t always stop credit card companies from trying.
Jones: Collectors will do almost anything to collect the debt. That’s their job, so consumers need to understand that and not be intimidated. That’s the big thing: Do not be intimidated by threats at all.
Duration : 0:2:58
http://debtsettlement.com provides consumers with debt relief advice and solutions.
Duration : 0:2:7
Mike Sullivan, Director of Education, discusses what a consumer can expect when he/she starts a debt management plan.
Duration : 0:8:4
Ortus The Business Development Agency http://www.ortus.org/ in Belfast, Northern Ireland, was established in 1988 to actively promote sustainable social, economic and environmental regeneration by providing property and business development support.
Since its inception as a commercial social enterprise, it has been delivering quality business training and development programmes and providing high quality commercial units for rent.
As Northern Ireland’s largest Local Enterprise Agency (LEA), it offers over 180,000 sq ft of commercial property for rent. This property is based over two sites at Twin Spires Business Complex and Westlink Enterprise Park and can offer retail, office, warehouse, manufacturing and storage facilities at very competitive prices.
We offer an additional 300,000 sq feet of commercial property at a number of different locations within Belfast and Lisburn.
Ortus is dynamic and innovative and has been delivering results-driven business development programmes to SME’s since 1990. These programmes range from exploring the potential of a business idea to export marketing. These programmes have attained national recognition and have won awards such as the National Training Awards.
Ortus now offers the opportunity for company formations through its new company companyregistry.eu and opportunities to secure investments though its Enterprise Investment Scheme programme.
Ortus has been recognised as a quality company and currently holds the prestigious ISO 9001 and ISO 14001 quality marks.
Duration : 0:3:32
In this final message, we learn how to transition to a lifestyle that will take us where God wants us to be financially.
Duration : 0:20:23
Did you resolve to get in better shape financially this year? One way to do it is to shed some of that unsightly debt.
Duration : 0:1:34
Debt Escape is a leading Debt Solution Advisor in Sydney, Melbourne, Brisbane, Perth, Darwin and all around Australia.
For more info go to http://www.debtescape.com.au or Call Us on 1300 661 671.
Please also LIKE our Facebook page to get your latest debt help tips into your Facebook: http://www.facebook.com/DebtEscapeAustralia
Duration : 0:1:53
http://www.DebtReliefVideos.com This free video series focuses on credit card debt relief using Credit Counseling, Credit Consolidation, or Debt Settlement to achieve debt reduction, consolidate debt, and avoid Bankruptcy.
http://www.DebtReliefVideos.com helps people who are struggling to pay off credit card debt, medical bills, or other unsecured debt, and are wondering if debt settlement can help them avoid Bankruptcy. Many people are seeking reliable information about their debt relief options from a reputable, trusted, debt reduction expert with real experience.
http://www.DebtReliefVideos.com offers a free 10 video Credit Card Debt Relief series by Sonia Hawkins, a Certified Debt Specialist, who answers her clients’ most frequently asked questions. Since 2006 Sonia has helped over 1,000 clients with over $30 million in total debt. She especially looks forward to seeing YOU on the road to being debt free!
Sonia will personally answer your call and your questions at (800) 864-4120.
Duration : 0:2:57
What is debt consolidation?
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Duration : 0:1:11