Give Solution or Seek Solution - Help & Get Helped

Credit Card dues - No money? Talk to banker and negotiate.

2009-10-25T21:22:00.002Z

Recent downfall in US economy shocked internationally and effected economic situations badly.
Resulted in increase in prices, decrease in demand (no money though actual need exists) and fear of future and layoffs started.

What do credit counseling centers do?
These centers help you restructure your finance to help you survive this sudden reversal of finances. Though these centers have been initiated by banks, they are intended to provide neutral counseling free of charge. So, they act as an intermediary between the banks and the individuals in distress.

What are the steps a counseling center undertakes?
Step 1: Check your credit status
Before a counseling center takes up your case, they first determine if you are indeed mired in steep debt without a solution in sight. A credit counseling center establishes this fact even before they start providing the counseling. They track down the entire financial history of the individual with the essential supporting documents that testify this plight. A person's credit history is also a good record of his financial transactions.

Step 2: Advice you
After the center has established that you are indeed short of funds and they can vouch for a dead end in your repayment status, they take up your case. The counselors are usually retired bank employees who sit with you to find a solution. They advice you on how to approach a bank and what to take to the negotiation table. Banks can, sometimes, be co-operative and agree to wait till the individual finds another job. Some banks also agree to a waiver of interest in dire cases. They also accept whatever payments are possible and write off the debt.

What are the restructuring options they suggest?
The first step is to put the entire financial history of the individual on paper. His net worth is calculated based on the assets he owns, the investments he has made and his current list of debt liabilities incurred. Then an analysis is undertaken to bring existing costs down using the most suitable method that is viable.

Here are some suggestions for debt restructuring:
1. Possibility of liquidating some of the assets to pay off the debts like credit card dues, which will keep gaining interest over a period of time.
2. Possibility of making part payments towards the loans to bring down the interest cost.
3. Converting a heavy credit card payment into a personal loan. Compared to credit card interest rates, personal loans are a cheaper option . Hence, such a move can at least bring down the cost of interest of the debt if it is not possible to completely remove the debt from the picture.
4. There is an option of taking a loan against securities like Public Provident fund, if he has been employed for more than five years, or other securities like a gold, jewelery, art, life insurance policy etc.
5. Loan Against Property (LAP) is also a good option, where loan is taken against the value of the property.
6. The center counsels individuals regarding avoiding such financial trouble in future and asserts the need for savings and budgeting. These centers also advise the individual on the evaluation of various products offered by banks and insurance companies.

Cool Going. Join hands with MVL Raja for a cause Person of the Future for our Future

How much time a battery need to be charged to make a full charge

2009-10-11T16:24:00.002Z

Below is the data for Charging Times around using Ni-cd Multi-cell Charger.

Type of batteryCharging Time (Appr.)
Ni-MH AA 2300mAh 21.5h
Ni-MH AA 1800mAh. 8h
Ni-MH AA 1000mAh 20.0h
Ni-MH AAA 900mAh 18.0h
Ni-MH AAA 600mAh 12.0h
Ni-MH AAA 350mAh 7.0h
Ni-Cd AAA 800mAh 7.5h
Ni-Cd AA 800mAh 6.0h

Website design, development, Domain registration, hosting, SEO, BPO services

2009-10-11T11:54:00.001Z

Website design, development, Domain registration, hosting, SEO, BPO services
http://www.prolificinfotech.com

Post your favourite company details as comment for this post.

What is Searched MOST

2007-04-19T18:42:00.000Z

Want to know the most searched for Keywords? If yes See the comments. If no, Please post what you search for most no.of times as your comment.

Let us Talk about Many Online Earning Programs

2007-02-21T16:04:00.000Z

Your knowledge/help is a great value:

Stop Worrying and Start Living

2007-02-20T12:04:00.000Z

Worries worry us a lot. Worries make our life so weary. Worry walks with us and worn us out, But still we prefer to carry the load not actually realizing its burden.

There is sure to be a time when we realize the burden getting off our shoulders affecting both the physical and mental health. Physically we deteriorate & decline; mentally become feeble & flimsy.

What do we worry about?
We worry about tomorrow
We worry about failures
We worry about our children
We worry about our future life
We worry about troubles that we may encounter
We worry about our life and situations
We worry about people around us
We worry of getting old and pleasing others
We worry of recognition….. so on and so forth.

WORRY- It’s a longest bridge, we pick bundles of sticks to build the bridge which we never cross. We fret so much about yesterday that we keep eating all of today and tomorrows.

Worry is a combination of thoughts of fear, anxiety, stress, depression, frustration, irritation, dejection, dissatisfaction, disappointment, resentment, feel of defeat whose impact is all with a big shadow on life.
As a result we don’t feel inspired about ourselves, motivated towards life, energy flow is in its ceased state. Enthusiasm never sparkles, hope never shines, excitement is no where seen, our existence becomes a great fatigue.

Sit back, relax and think again.. Life can never sink under the burden of a day. It is when tomorrow's burden is added to the burden of today that the weight is more than one can bear. Life gives you every minute which you can’t rewind or revoke, so it’s better to celebrate the journey rather than worrying about the potholes.

Best tips to quit your worrying habit:
Let our advance worrying become advance thinking and planning. Think constructively, be creative and innovative. It pays you back.
Set aside half an hour every day to do all your worrying; then take a nap during this period. If you cannot help worrying, remember that worrying cannot help you either.
Little minds have little worries, big minds have no time for worries. Choice is yours.
Work so hard that you are too busy to worry in the daytime, and too sleepy to worry at night.
Ninety percent of the things we tend to WORRY about we have no control over, so why worry about them. Just take your every minute as it comes and always wear a BIG SMILE, this has power to wave off ninety percent of your worries.
If you worry too much of your castles built in air, then they are where they should be. Now put the foundations under them.
Surround yourself with people who are assertive and optimistic towards life. Its just not enough if you carry positive attitude, you need possess positive belief for things to happen
Analyze people and situations around you. You seem to be blessed in so many facets of life. Identify those boons, Pray God. He is always there to guide you with a torch when you are in dark.
Today is the tomorrow we worried about yesterday. If some thing goes wrong, don’t go with them. Just take a day at a time. It’s more than enough to enjoy.
If you still believe that feeling bad or worrying long enough will change a past or future event, then you are residing on another planet with a different reality system.

After all nobody from this world you go alive.

What would you do if your Lover says "I did sex with else"

2007-02-20T11:38:00.000Z

Do you accept if your lover/honey one fine bad day says to you that she had already went into sex dating?

Soul Before/After Birth/Death

2007-02-20T11:28:00.000Z

What do you think happens to your soul when you die? Does the concept of soul exists. if so where it goes and how it gets transformed?

I am bad Wife - My Hubby says

2007-02-20T11:26:00.000Z

My neighbourhood Problem. He goes to office and earns well. She sits at home and look at the house, baby, cooks food. Servants clean the house, utensils, clothes. He bothers her why don't we remove servants and let you do the work as you will be free for most of the time? Arguments between them. What makes a good wife or good husband?

What are Friends For?

2007-02-20T11:22:00.000Z

Why we make friends, give much importance leaving behind all our neighbors, relatives, brothers & sisters, parents, ourselves! What is this strange sweet relation making binded together? What you expect from you friend? What you will to give your friend?

Is Cooking a Man's Job or Women's Job?

2007-02-20T11:19:00.000Z

Many think cooking is well done by women which I feel wrong. From the past men are good recipe makers. But why women took a plunge over this cooking?

Are People known to Alternate Generation of Powers giving Value to Waste/Dumps?

2007-02-20T11:18:00.000Z

Alternate Power. We throw many things as dump take: foods, papers, computers, rain, water etc. Are people interested in generating powers or useful things out of these so called waste material? Are we going to use alternates for vanishing goods or resources?
Please share your knowledge how to save and get out the wastes and make them resources./Like the dump of food can be used as minerals to trees. - Wastage Meesalu

If we Like or not Computers are the Future

2007-02-20T11:17:00.000Z

Some dislike computers, because of the comcplications it takes to understand the basics. Computres are not exactly the easiest tools to work with, but they are the most rewarding, and they are the future.

Best Ways to Earn Money

2007-02-20T11:07:00.000Z

Try to give more explination about how to earn money, let it be online or other way.

How to Make Poverty, a History

2007-02-11T18:52:00.000Z

Being a wonderful being on Earth, I would like you to give your ways to eradicate poverty. Give your views, ideas, actions, plans to eradicate poor. Who knows your small idea would really implemented and change many peoples lives! Your word or your plan may not make whole or full rich, but surely it may give a way for it to get vanished.

Introduce Yourself

2007-02-11T11:19:00.000Z

Hi Friends

I am M V L, MCA. Presently working as a Internet Researcher. Blog here. Type in anything related you or your friends problems and get the solutions from others. I assure you get good solutions from me and my partners.

Thanks & Regards
MVL - All the Best