Those little plastic cards in our wallet are powerful tools. They give us spending power and protection we wouldn’t normally have. However like everything in life, with every plus there is a negative. Let’s take a look at a few of the common pitfalls we make and how you can avoid them. 0% Balance Transfer Deals At first glance, they sound irresistible –paying zero interest on our debt. Why wouldn’t...

Let’s face the facts here. While mortgage lenders might seem to be very helpful (and they are sometimes!), remember that they are in the business of making money. This means that you need to pay for the help, that is, the money they offer you. In order to calculate their profit and loss risk, mortgage lenders include prepayment penalties in their terms and conditions of the loan. They need to be...

The bankruptcy procedures that can be undertaken for an insolvent company are supervision, financial rehabilitation, administration, winding up and arrangements with creditors. Administration and arrangements with creditors are the bankruptcy procedures which will be taken up in the case of an insolvent individual. If a third party or the debtor’s shareholders are willing to back the company financially...