Financial Advisor

Learning to live within a budget can be the first way to alleviate, or avoid serious debt problems. No matter how much, or how little income you have, if you do not work within your means, you can get into serious financial problems.

Budgeting is all about keeping your expenses lower than your income. It is not difficult to work out, that regardless of how much you earn, if you spend more money than is coming in, you can only end up in financial difficulties.

This is why you read in the newspapers that a mega-rich businessman has gone bankrupt. But at the same time an old lady that lives down the block, survives well on a meagre pension.

This problem tends to arise when an individual, or family, fail to make a simple and efficient, financial plan, and live their lives within that plan. When people attempt to live without consideration of how much is coming in, and how much is going out, there can only be one result, and that is serious debt problems.

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written by Alex Bhaswara \\ tags: Bills, Budget, Cards, Costs, Credit, Debt, Income, Loans, Payments, Purchases, Shopping, Wages

In this article we are going to take a look at exposing the credit report secrets of the super rich. If you are anything like me, you are fascinated by the financial machinations of those who have A LOT more than the average person, and even more importantly, how they manage to maintain it all. So read on as I expose some of the things I have learned that have helped ME leapfrog many common obstacles on the totem pole of tremendous success, and hopefully you get the very same boost! Ready? Great, let’s do it! Continue reading »

written by Alex Bhaswara \\ tags: bad credit repair, Bad Debt, Debt, Loans

Auto loan bankruptcy is the auto loan that you can use after incurring bankruptcy. The main reason for filing bankruptcy is debt management. You should postpone filing for bankruptcy until such time that you have studied all options. Filing for bankruptcy should be as a last recourse.

There are two different types of bankruptcy: Chapter 7 (liquidation) which is where your non exempt asset is sold and the money generated are distributed to creditors to pay off debts.

Chapter 13 (restructuring) is where you establish a repayment plan so you can repay your creditors within a period of 3 to 5 years. Properties, in this instance, are not sold. The court can decide how creditors get paid and what debt percentage you need to repay.

Dischargeable debts in cases of bankruptcy include credit cards, banks loans, unsecured debts, leases, real estate and personal properties. Non dischargeable debts include child support, alimony, student loans, legal debts owed to state, tax debts, divorce settlement, claims from driving under alcohol or drugs. Bankruptcy will stay on your credit report for up to 10 years.

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written by Alex Bhaswara \\ tags: Auto Loan, Auto Loans, Car Loan, Car Loans, Loans