2013년 11월 23일 토요일

About 'write off bad debt'|Write off your bad debt free UK service.avi







About 'write off bad debt'|Write off your bad debt free UK service.avi








As               the               mortgage               crisis               has               led               to               a               deluge               of               foreclosures,               the               mushrooming               credit               card               crisis               is               soon               to               deliver               the               sound               of               the               second               shoe               dropping.

The               US               Treasury               is               hoping               to               educate               consumers               with               its               online               game               named               the               Bad               Credit               Hotel.

Owning               a               Bad               Credit               Hotel
               Easy               credit               has               made               it               acceptable               to               check               into               the               bad               credit               hotel.

After               all,               mortgages               could               be               had               on               a               signature,               numbers               were               fudged               across               the               board               and               with               a               wink-wink               nudge-nudge               attitude,               lenders               underwrote               home               loans               for               borrowers               who               simply               could               not               afford               the               amount               of               house               they               were               buying.
               As               the               government               (Mr.

and               Mrs.

Taxpayer)               comes               to               the               rescue               and               helps               distressed               home               owners               to               keep               their               homes               in               spite               of               being               unable               to               make               the               payments,               another               crisis               brews.
               Investing               in               a               Bad               Credit               Hotel
               The               stock               market               crash               of               2008               has               shown               that               those               in               charge               of               protecting               the               American               economy               were               too               buy               seeing               to               their               own               fiscal               health               to               have               time               to               worry               about               everyone               else's,               too.

This               left               tens               of               thousands               with               retirement               and               college               savings               accounts               that               virtually               overnight               lost               ¼               to               ½               of               their               worth.
               Once               again               Mr.

&               Mrs.

Taxpayer               were               called               to               the               table               as               the               government               issued               a               $700               billion               bailout               for               distressed               companies.
               Checking               into               a               Bad               Credit               Hotel
               Today               the               New               York               Times               reports               on               an               online               game               devised               by               the               US               Treasury               that               is               supposed               to               help               consumers               learn               about               the               proper               use               of               credit               and               how               to               maintain               a               good               credit               rating.

Known               as               the               Bad               Credit               Hotel,               the               property               is               a               bit               of               a               mix               of               a               Gotham               meets               Psycho               kind               of               venue.
               At               issue               is               the               mushrooming               credit               card               debt               that               is               occurring               concurrently               with               a               bank               initiative               to               roll               back               the               issuing               of               easy               credit               cards               and               also               the               hiking               of               interest               rates               on               even               the               good               customers.
               The               New               York               Times               states               that               in               the               first               six               months               alone,               credit               card               issuing               banks               had               to               write               off               about               $21               billion               in               credit               card               debt               that               was               no               longer               getting               paid               off.

There               is               talk               that               the               bad               debts               still               expected               to               hit               the               credit               card               companies               in               the               next               18               months               could               add               another               $55               billion               to               that.
               Capital               One               has               taken               to               reducing               consumer               credit               lines               while               credit               card               applicants               already               carrying               debts               are               no               longer               seen               as               good               credit               risks.
               Bad               Credit               Hotel               or               Hotel               California?
               The               immortal               Eagles               classic               "Hotel               California"               speaks               of               a               hotel               that               is               much               like               the               L.A.

lifestyle               of               the               mid               1970s:               excess               and               consequences               nipping               at               the               heels               of               despair.

Today,               consumers               who               have               bailed               out               homeowners               and               Wall               Street               are               left               holding               the               bag,               and               while               many               live               from               paycheck               to               paycheck,               the               little               security               blanket               that               is               their               credit               card               is               now               turning               on               them               -               in               more               ways               than               one.
               When               the               Eagles               wrote               Hotel               California               and               more               or               less               depicted               American               society               as               one               where               excess               is               leading               to               nightmarish               consequences               --               who               knew               they               were               prophets?
               Sources:
               http://www.nytimes.com/2008/10/29/business/29credit.html?em;               http://www.controlyourcredit.gov;               http://www.rollingstone.com/news/story/6595894/hotel_california






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