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January 2012 - Posts

Sunday, January 29, 2012 1:50 PM

Deficiency Balance Debt or 'Leftovers'. After the collateral is sold!!

This type can come from closed end or open end loans and can be consumer or business related. At one time the most common debt like this came from auto loans. You know the old saying ' when you drive the car away from the dealer you lose 10% of the value
posted by Danforaloan | 0 Comments
Friday, January 20, 2012 1:07 PM

More Debts?

'Extension Debt' - Debt you may not know you have and can be called 'surprise debt'. A common occurence of this debt can be the innocent visit to the doctor. The notification of this debt can be a letter in the mailbox, telephone call, collection appearing
posted by Danforaloan | 0 Comments
Wednesday, January 18, 2012 11:16 AM

Debts????

A popular belief is that debt resolution through the courts can be a 'mechanical' accounting function and for those willing to go that route it can be. However, another view shows Bankruptcy to be a more 'human' factor. Like in football, drawing up the
posted by Danforaloan | 0 Comments