SBA Offer In Compromise (OIC) Settlement Amount: How Is It Determined?

How much should I expect to settle on with my OIC? The answer to this is complicated. It is determined by multiple factors, which I will describe below. Background: When a borrower who has a bank loan, guaranteed by the SBA, goes into default, the borrower has the option of seeking protection by filing a…

What Is the Difference of a Charge-Off or a Bankruptcy on My Credit Report?

Over the recent years there has been a huge interest in debt settlement. After the financial collapse back in 2007 many Americans were looking for ways to eliminate their debt without filing bankruptcy. Debt settlement fit the bill and many Americans signed up for these services. Debt settlement companies promised that it would not hurt…

File Bankruptcy As a New Form of Financial Planning

Most people when they think of financial planning, they think of a 401(k) or an IRA. Rarely would anyone think about how they could file bankruptcy and wipe out their debt to protect their future. In today’s economy, most Americans have large amounts of credit card debt. When considering the amount of the balances and…

US Government Grants That Help With Child Care Costs

The government funds a program which offers financial help to families with low income in order to pay for child care costs. If you are eligible for a grant like this, then you should get familiar with the way the program works. A part of the child care cost is paid by the government and…

US Government Grants: Top Tips for Grant Proposals

In order to receive a grant you need to be well prepared. This means you need to have a good grant proposal. There are some basic things you need to know and do every time you apply for any kind of grant. When there is an announcement about a grant program, there is always an…

Many Experts Overlook Bankruptcy Filing As a Form of Debt Elimination

When it comes to bankruptcy filing many experts spend a lot of time on television talking about the negative effects of the process. In interviews they will typically only talk about the negatives of someone filing for bankruptcy. It’s almost like they’re in the back pocket of the creditors. Many of them will discuss the…

Being a Single Mother Can Be Tough

Single mothers have pretty busy lives. US grants are a truly great opportunity for them. Single mothers have children which need to be taken care of, errands that have to be done, bills to be paid, food to be bought for them. On top of that, they have to work long shifts and more than…

Ten Easy Steps to Eliminate Debt

In 2000, my wife and I both had very good paying corporate jobs and a part-time business. We were making a lot of money, but our lifestyle didn’t show it. The reason? We were $120,000 in debt (not including our mortgage), so most of the money we made went to making payments on all the…

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