Let's face it: for most people, getting and staying organized is hard. Organizing someone else's finances is not easy either. So, let's say that the time has come for you to step in and help your elderly friend or relative with their finances. If you are lucky, they asked for help at a time when they can guide you in figuring out where they left off and where you come in. If not, it is … [Read more...] about How to Help your Elderly Loved One Organize their Personal Business Affairs
Someone that you care about has asked you to co-sign for him. He assures you that he has the ability to pay for that car, that home, or that lease. You know that he is currently working, and you trust him. Should you do it?That depends. Here are the things that you need to think about before you decide: If he stops making his payments for whatever reason (illness, job layoff, personal … [Read more...] about READ THIS- Before you Co-sign that Loan or Lease!
If a creditor wants to sue, they must do so within the time periods allowed by law. This time period varies from state to state. However, even if this time period has run, a consumer may “reactivate” the debt by taking certain actions. (Such as promising to pay, corresponding about it, making a small payment, or sometimes even discussing it with a creditor.) Beware of speaking to … [Read more...] about What Everyone Should Know About Paying “Old Debts”