Posts Tagged ‘money’
BBC Watchdog Report by Rizi
In April this year the high court ordered high street banks to pay back billions of pounds to millions of consumers after mis-selling them Payment Protection Insurance or PPI.
But if you’re eligible – beware. Claims management companies offering to fight your case could see you losing out for a second time. Riz Lateef investigates.
MINISTRY OF JUSTICE:
A spokesperson for the Claims Management Regulator said:
“We have made it very clear to businesses that we take a zero tolerance approach to any malpractice or attempts to take advantage of consumers. Claims management companies should remain in no doubt that if they breach the rules they will be closed down.
“Consumers do not need to use a claims management firm to make a PPI claim. It can be simpler and cheaper to complain directly to the business that sold PPI to them. There is a range of consumer advice on the MoJ, FSA, FOS and FSCS and DirectGov websites. Consumers who do want to use a claims management company should shop around for the best deal for them and we have warned claims management companies they should not mislead potential clients.”
further infromation at http://www.ppininja.com
Duration : 0:6:48
Pay off your mortgage early with 9 Year Mortgage! http://bit.ly/9yrmortgage – Pay off your debts and your mortgage in about nine years. No need for debt settlement, credit counseling, or a home equity loan. http://www.youtube.com/watch?v=kXfBcWbzo-w
Duration : 0:3:27
http://www.BadCreditDebtDude.com
How to use a bad credit debt consolidation loan to improve your credit score and financial outlook.
Duration : 0:0:35
Kris Kenney interviews Chris Long, a certified financial advisor, about managing debt and making smart money choices.
Duration : 0:9:55
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
What is debt consolidation?
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Duration : 0:1:11
http://www.debtconsolidation123.co.za Consolidate Your Debt, Apply Online Today
Duration : 0:0:55
Handle any emergency with Howcast’s First Aid app – http://howc.st/jkDRTe
Learn about debt settlement in this personal finance terms video tutorial.
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Duration : 0:2:40
AskMen presents Steve Pym, financial expert. In this video Steve gives us three options for loans beyond credit cards. These include; Home equity loans, Personal loans, Line of credit.
Duration : 0:2:14