October 31st, 2009 — 07:29 am
Hari asked: Hi, I have a doubt please let me know … what happens to the loan , if a person who has taken the personal loan dies? Do the bank takes all the assets belongs to the person?
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3 comments » | Personal Finance
October 30th, 2009 — 09:43 am
batteryacid asked: Is it a tool to stimulate the economy, because so many people mismanage their money and too many people in debt would create a freeze in spending and enterprise?
I ask because it seems unfair that people who take on the responsibility of credit can just declare themselves bankrupt,
with light penalties, such as not being able to buy a house for several years, a blot on their credit record etc
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2 comments » | Personal Finance
October 30th, 2009 — 07:25 am
Nishant asked: What happens to the stocks of a bankrupt company if the company is bought by some other company.
I am plaaning to buy stocks of Bearing point. The company is bankrupt now and selling its operations across the globe. What will happen to my stocks if I buy them?
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3 comments » | Investing
October 29th, 2009 — 11:59 am
Chris asked: I am 25 and have been working for a few years. Can anyone recommend any books and/or strategies to help me learn more about how to manage my personal finances? I know the basic about 401k and my Roth IRA. Can you help me prioritize and also suggest some other investment opportunities I should consider beyond my 401k and Roth IRA? Thx!
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3 comments » | Personal Finance
October 29th, 2009 — 06:39 am
aaronb05@sbcglobal.net asked: Does Quickbooks take care of all the personal finance like Quicken does? Or is it ONLY for business and not personal? Basically, does Quickbooks have everything that Quicken has plus more? Thanks!
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1 comment » | Personal Finance
October 29th, 2009 — 01:05 am
How To Help Stop Foreclosure
So you have been unable to pay your mortgage lately and you have got a notice of foreclosure. Well of course you do not want to lose your home and so you want to learn more about government foreclosure help, and how you can help stop foreclosure so that you can keep your home and get over this financial issue in your life.
There are a few tips that are going to be helpful here, to anyone who is interested in going to help stop foreclosure so that they can keep their home and not have to uproot their family.
Help Stop Foreclosure
So to help stop foreclosure, the best thing that you can do is make contact with your lender. This is the biggest mistake that people make, is they assume that the best thing that they can do is just avoid their bills if they can’t make the payments, and ignore their debt payers , when actually this is the worst possible thing that you could do.
If you are late on payments, instead of being a coward and just ignoring your debts, you are going to want to contact your mortgage lender and explain to them the situation that you are dealing with. Let them know that you are not avoiding or ignoring them and that you really want to make your payments, that you are just a bit behind right now.
They are going to be willing to work with you to come to a reasonable payment agreement, but you are going to have to hold up your end of the bargain, otherwise they are going to have no option but to go through with foreclosure on your home.
Or if you want to help stop foreclosure, you may want to try take some time and talk to a financial advisor. Chances are that you have enough money to pay your bills but you are just not budgeting correctly, and so by talking to a financial advisor you are going to be able to get professional advice here and make any changes to your budget that you need to in order to get back on track.
If you have been warned that your home is going to be foreclosed you can try some tips to protect your home. Of course paying your bills on time is the best way to avoid this in the first place.
Comment » | Finance
October 28th, 2009 — 05:55 am
sakaton06 asked: For example, how much are prices of stocks affected by institutions (e.g. funds) and how much by small personal traders. If they recommend a stock in a financial magazine (e.g., Kiplinger), will it affect its price significantly – individual traders wanting to buy it? How big volumes are day traders – 10%, 20% or 0.2%?
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1 comment » | Investing
October 26th, 2009 — 11:57 am
Mr SmoothHead asked: If we require personal financing course to be required in High School, do you think we would improve our economy in the long run?
I don’t mean just a token course. A serious course for like 2 years just like as in math, english, etc.
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4 comments » | Personal Finance
October 26th, 2009 — 11:08 am
Shhhh asked: If a company goes bankrupt, and you have a credit card with them, what happens? Does it clear or do you still owe the payments? Just curios..
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5 comments » | Credit
October 26th, 2009 — 10:48 am
meggiecakess asked: I’m 19 years old, I go to school, I’m a waitress at Applebees, I have my own credit card which I pay on time, and I would like to take out a personal loan so I can do some work on my car. It needs a bunch of new parts. I also need to get a few things for it. The loan wouldn’t be more then $2,500 to $3,000. What’s the easiest way to take out a loan where I will most likely get approved?
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3 comments » | Credit
