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If the IRS seizes a property that they have placed a lien against them and levy occurs. The IRS can levy different types of property - it is of value, it may be a candidate. A levy can be issued after the following actions are conducted: A notice and demand for payment are sent by the IRS. If you have refused or neglected in paying the taxes. If you have received a "Final notice of intent to levy". You can modify or stop levies, but that is not an automatic solution. Here are…continue reading →

Are you confused about whether to file a chapter 7 or chapter 13 Bankruptcy? Generally, bankruptcies are filed under chapter 7 or chapter 13 bankruptcy. Through this blog, you will figure out the differences between chapter 7 bankruptcy and chapter 13. Chapter 7 Bankruptcy This is a liquidation bankruptcy where most of your general unsecured debts like credit cards and medical bills are wiped out without any requirement of paying back balances with the help of repayment plan. In order to qualify for Chapter 7 Bankruptcy, you have to satisfy the income requirements.…continue reading →

Financial stability can be tough to maintain, especially if you're neck-deep in debts or cannot prepare appropriate budgets to make correct financial decisions. This is where a credit counselling agency can help you. Credit counselling services are designed to help people avoid bankruptcy and live freely beyond paying checks and bills. Here's how a credit counselling agency can help you. Curating a debt management plan to fit your financial position - A credit counsellor will help you come up with appropriate debt management plans which would facilitate easy paying off your debt at…continue reading →

Are you having trouble sleeping at night due to the burden of your financial debts? Do you wonder whether you'll ever be capable of getting out of debt and have financial freedom again? Well, it is possible to be financially sound again, regardless of how much you owe. All you need is to understand how debt settlement works and have a little bit of patience. What is a debt settlement? Once you decide to stop paying your creditors in a pre-decided way, your initial creditor will try to persuade you to make payment.…continue reading →

Are you living frugally so that you can save some extra dollars? Surely it does help you live within your means. But, frugality is not just about saving money, it is about making good financial decisions that can help you save over the long haul. Unfortunately, spending money wisely is an important life skill that many people lack. Worse being too thrifty can harm your bottom line if you are not careful. Here are a few thrifty shoppers’ missteps that can end up being the antithesis of frugality. Avoid them as there are…continue reading →

Financial success means different things to different people. To some, it may mean having a few million in the bank, for others, it may mean simply being able to live a comfortable life or send their children to college without incurring a great deal of debt. While there are different ways to define financial success, there is only one real way to achieve it and that is to manage your money responsibly. But, how can you do that? Check-out these five simple financial strategies that can help you achieve financial success and put…continue reading →

Gone are the days when allowances were paid to kids in cold hard cash just the day after their own parents’ payday, for achieving good grades or completing the chores allotted to them. In our ever-changing modern world where people hardly ever carry any cash, it should not come as a surprise that kids also will receive their weekly allowance in an entirely new form. According to The New York Times children will now receive prepaid debit cards which can be reloaded by their parents. It is all due to the shift to…continue reading →

With the cold winter days just a few months away, it is time to get ready for the heating costs that come with them. No doubt there are many great ideas on the television and web on how you can save money on energy costs, but as usual, it takes money to save money. And, for many homeowners spending money on major home improvement projects to make their home more energy efficient may not be on the horizon this year. But fortunately, there are options for homeowners (and apartment dwellers) to reduce their…continue reading →

Creating A Zero Based Budget For Financial Success We all know that budgeting is the key to financial success but understandably many of us shy away from budgeting because we either find it boring or time-consuming to set up. However, the benefits of a personal budget can never be overemphasized. It can be a great help if you are paying down debt, buying a house, saving for college, bulking up your nest egg or just trying to exert control over your finances. But, even financial experts agree that the best way to budget…continue reading →

As we are moving farther and farther down the road towards a cashless society, credit cards have become a familiar feature of the lifestyle in the world. They can be used to pay for nearly everything, everywhere and have a lot of benefits like convenience, consumer benefits, and rewards programs. While it is tempting to swipe your credit card for just about everything, you must think twice before doing so. These seemingly innocent pieces of plastic can get you into a world of financial trouble if you do not make wise choices as…continue reading →