Practical guidance on debt, bankruptcy, and the financial decisions that matter most. Written by OVLG attorneys.
Settling a debt after the death of a spouse often turns to be a lengthy procedure than you think. Each state has its own laws regarding debt dispute and treats federal law in a similar way. The federal law covers those accounts that come under the Employment Retirement Income Security Act (ERISA). These are 401(k) s (individual powered plans), 403(b) s (for teachers ...
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Have you ever heard the term monetizing debt before? No, it’s not associated with reckless spending or unwise balancing of debt. Rather, monetizing debt refers to creation of more money in an economic system. If you like to know the definition of monetization of debt, its origin, what’s its significance in the US economic growth, how it’s connected to inflation ...
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The recent economic condition in the U.S. is becoming distressing and is likely to be continued in the future. Standing on this economic surface, Mark Dow, a Wall Street money manger for Pharo Capital Management has analyzed that the root cause of these financial woes is not any regulation or Obama’s administration policy; rather it is overwhelming household debt.& ...
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Phone calls from our near and dear ones are always welcomed by us, but not from debt collection agencies. Ironically speaking, if “being in debt” is a cake, calls from debt collectors serve as icing on it. Well, if you ever receive a call from any agency identifying them as a debt collection agency, beware! While you may owe some debt to your creditors, not all ...
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The federal and state governments are incorporating FTC Act (Section-5), FTC telemarketing sales rules and Uniform Debt Management Services Act into their legislation. With the implementation of these new laws, it will be improper and unlawful for ordinary professionals to identify themselves as debt arbitrators. Therefore, it has become very important for them to ...
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The Federal Trade Commission has warned more than 18 websites providing free credit report that have unable to comply with the Federal rules and regulations. The FTC states that they need to disclose the fact that a free report is available under federal law. According to the amendment of the Free Credit Reports Rule by the FTC and has been implemented on 2nd April, ...
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Well, sound crazy. Isn’t it? We know that in reality debt collectors turn debtors crazy by numerous collection attempts. However, you can do the same with debt collectors. The best thing to start with when a debt collector is attempting to collect from you is to remain calm. Even if the debt collector is offensive and uses abusive language, staying cool is the best ...
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Deferred payment letter of credit is a well known phrase in the arena of international business transactions. Oftentimes, several issues like distance, varying import laws, their different procedures and improper communication can disrupt an international negotiation procedure. In fact, if the buyer and seller are not familiar with each other and have not got enough ...
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