Duration : 0:2:8

Technorati Tags: Christian, counseling, counselor, credit, debt, management

Duration : 0:8:4

Technorati Tags: debt, Kenya Debt Relief Network, Kenyan, Kiama Kaara, management

Duration : 0:2:5

Technorati Tags: bailout, bank, Big, card, Citi, comedy, counseling, credit, debt, Dumb, Fargo, federal, Geoff, Idiots, Lott, managing, obama, politics, problems, Rules, solution, Wells

Duration : 0:2:46

Technorati Tags: audio testimonial, credit, curadebt, curadebt video, debt, debt advice, debt consolidation, debt relief, debt settlement, finance, free debt consultation, irs tax, tax, you tube video

Expert: Jerrie Guthrey
Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992.
Filmmaker: Jack Guthrey

Duration : 0:4:31

Technorati Tags: bankruptcy, credit bureaus, credit card, credit counseling, credit report, debt, debt consolidation, loans, money

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

Technorati Tags: credit card debt, death, debt, money, Personal Finance

Duration : 0:2:7

Technorati Tags: bankruptcy, credit card debt, credit help, debt, Debt Negotiation, debt relief, debt settlement, iva, Personal Finance, settlement

Duration : 0:8:4

Technorati Tags: credit counseling, debt, debt help, debt management, take charge america

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

Technorati Tags: 9001, agency, awards, belfast, business, charity, company, debt, development, enterprise, formations, franchise, franchising, investment, ISO, ISO14001, lea, lisburn, local, management, media, National, networking, ok, opportunities, ortus, Property, Quality, registry, scheme, sme, social, spires, suki, support, tea, training, twin, West, windows

Duration : 0:20:23

Technorati Tags: debt, Finances, North, planning, Point, Stanley