ATMs Now Dispensing Gold In China

You can get cash at an ATM and even deposit your paycheck, but now in China you can buy gold. While here in the US it seems you can sell gold on every street corner, in China you can now buy it at some ATMs. According to WallStreetdaily.com the gold vending machine is imported from Germany and will be installed around in the country the first week of October with a total of 2,000 going in in high end hotels and banks around the country over the next two years.

Through the ATM gold machine you can find the latest precious metal quotes every ten minutes. You can buy gold with cash or your ATM card, choosing from various sizes and shapes. “After the outbreak of the international financial crisis, everybody in China became very enthusiastic to purchase and invest in gold,” Director Zheng Ruixiang of Gongmei Gold Group told WallStreetDaily.com. “Un

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Apr 11, 2012 No Comments by Erin Donnithorne
Tags: China
Apr 09, 2012 No Comments by Jamie Zeal
Tags: Account Retirement Savings Retirement Savings Account Savings Account

5 Painless Ways to Save Money

Guilt makes you want to slow your spending. Anxiety makes you want to save towards a nest egg. But the process of alleviating these feelings takes so long to show progress, we often feel used and abused before we ever experience relief from our guilt and anxiety. In the beginning of any savings plan, you are likely to feel the same guilt and anxiety that overspending brought you, with the added negative feelings brought on by restricting your spending. So until you can get some positive reinforcement going, it’s smart to practice some simple saving tricks that leave you feeling less deprived. Here are 5 painless ways to save that may help you get the ball rolling:

Drop Your Cable Provider

This might even be a fun exercise for you. Did you know that almost everything you watch on cable or satellite can be seen online or on Netflix?

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Apr 09, 2012 No Comments by Alice Galvin

Tax Debt Settlement Firm JK Harris In Liquidation

January 11, 2012 saw the end of the nationwide debt resolution and tax help service, J.K. Harris and Company. J.K. Harris has been operating for many years throughout the country as a tax relief service for individuals who owe back taxes.

The company has been the defendant in several lawsuits with pending payments, high customer dissatisfaction rates and countless outstanding debts forced the company to seek bankruptcy protection in October of 2011.

The bankruptcy filing was a last-minute effort to protect the company from being seized for conservatorship by the Texas State Attorney’s Office. However, failure to sell the business or find a way to pay off all of the debts caused the bankruptcy court to decide that the company must be liquidated and the secured creditors paid.

It is very unlikely that unsecured creditors, awardees in lawsuits against the company, or former employees that have outstanding payroll owed to them will see a penny of what they are owed. M

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Apr 01, 2012 No Comments by Alice Galvin
Tags: Harris Jk Harris

What was your tipping point?

A tipping point is the moment you realised you can no longer continue to cope and that you need some assistance. In terms of financial tipping points each of our clients are different, but many of the reasons are the same.

I therefore decided to look at some of the most popular ones we deal with on a day-to-day basis.

Redundancy

Since the recession of 2009 we have seen more and more people coming to us after being made redundant. I once heard someone say that the average family only has enough money to get them through three months before they are at risk of debt crisis. I dont know how true this is but it is thought-provoking never-the-less. It is clear than many people who are made redundant quickly struggle to keep up their repayments to creditors.

Relationship down

When going from having two incomes to just the one with the same expenses it becomes very difficult for people to cope.

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Apr 01, 2012 No Comments by Erin Donnithorne
Tags: Point Tipping Point

Presentation to the National Economists Club

Yesterday I spoke to the National Economists Club on our recently released Budget and Economic Outlook. My remarks reiterated much of what I said in several of last week’s blog posts:

  • CBO Releases the Budget and Economic Outlook: Fiscal Years 2012 to 2022
  • Fundamental Fiscal Challenge
  • How Would Some Changes to Current Law Affect the Economy over the Next Decade?
  • Tax Expenditures Have a Major Impact on the Federal Budget

The slides I used during my presentation can be found here.

Apr 01, 2012 No Comments by Jamie Zeal
Tags: Club Economists Club National Economists National Economists Club

Britons ’stuck in mortgage trap’

Nearly one in seven British households are paying their mortgages on an interest-only basis with no plan in place to pay off the debt in future.

This problem is significant because the majority of people on such arrangements at
present are either over 55 (32 per cent) and therefore approaching retirement, or between 35 and 55 (53 per cent), meaning it will be hard for them to find or earn the funds they need, the Unbiased.co.uk study found.

Chief executive at the website Karen Barrett said: “With incomes squeezed, its not surprising that many people are trying to save money by sticking to interest only mortgages, but this is a potential ticking time bomb.”

This could mean there is a threat of repossession facing some homeowners in due course unless they can seek debt help.

A recent survey by First Direct showed that homeowners are tending to save spare cash rather than use to it to pay off their mortgages early.

Mar 27, 2012 No Comments by Erin Donnithorne
Tags: Mortgage Mortgage Trap’

Rebuilding Credit After Bankruptcy

Time is Your Credits Best Friend

Time is the biggest player in rebuilding your credit after filing for bankruptcy. The further in the past the bankruptcy filing is, the less damage it will cause to your credit score.

To “speed up” the rebuilding process, you will need to have a plan, work hard, and probably accept higher interest rates and fees.

So, unless you’re planning to make a major purchase on credit in the coming three to five years, you may want to consider the long route and just wait it out.

No Brainers!

Check your credit reports for accuracy

  • Free at www.AnnualCreditReport.com
  • Dispute any inaccuracies

Be a Good Record Keeper

  • Keep list of all your debts that were discharged in bankruptcy.

Make ALL credit payments on time EVERY month

  • These include mortgage, auto, cards, utilities, loans, club memberships, etc.

Dos

Below are some suggestions for speeding up the rebuilding of your credit after bankruptcy. Keep

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Mar 27, 2012 No Comments by Alice Galvin
Tags: Bankruptcy
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