How to Put a Lien on an Airplane

Placing a lien on property can be an effective way to get a debtor to pay you money that he owes you. When the debtor owns an aircraft, putting a lien on it may make it impossible for him to sell the aircraft without paying you first. If you're a mechanic and work on the aircraft in some capacity, you may place a mechanic's lien on it. You may also place a lien on the aircraft if the owner owes you money. Instructions 1 File a civil lawsuit against the individual who owes you money. Once you file the lawsuit, the creditor needs to appear...

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South Carolina Credit Help

South Carolina residents have a number of federal and state rights when it comes to getting help with their credit. Whether you can't pay your bills on time, have a concern about the accuracy of your credit report or are a victim of identity theft, you can find help from several agencies including the Federal Trade Commission. Credit Report Security If you're concerned about the security of your credit report and live in South Carolina, you can place a "security freeze" on your credit report, according to the credit bureau Experian. A security...

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What Types of Mortgage Loan Modifications Are There?

Mortgage loan modifications help homeowners stay in their homes by restructuring existing mortgages to reduce monthly payments. Although mortgage modification loans are valuable to borrowers, lenders benefit from them as well. Foreclosure is a costly process and lenders can lose money on homes whose market value has declined below the loan value. Several types of mortgage modifications are available. Check with your lender or loan servicer to determine which options are available for you. Capitalization of Arrears If you have missed a...

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The Definition of a Back-to-back Letter of Credit

Merchants who purchase goods from importers often need to get letters of credit. Letters of credit guarantee each bank involved in a transaction that the other bank will forward money to it from its customer. If a merchant must deal with not just one, but two importers, he may need back-to-back letters of credit. These letters guarantee that the first bank will get its money from the first seller and the second bank will get its money from the second seller involved in a transaction. More Complicated Transaction If a transaction requires...

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What Effects Does a Student Loan Deferment Have on Your Credit Report?

Many students depend on federal financial aid to pay for a college education. If you accepted federal student loans while you were attending college, you must eventually repay those loans in full. If you are unable to make the payments, you may qualify for a deferment, which allows you to postpone payments for up to 12 months. If your student loans are in deferment status, they will not have a negative affect on your credit report. Federal Student Loans The U.S. government offers loan programs that can help you pay for your college education....

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How to Manage your Income and Save Money

During the recession all of us are looking for ways to save money and live a little bit more under our means. It can be hard to manage your income when we have been brought up in a society of entitlement and money management was secondary to "gotta have it now". After some simple steps of getting your finances in order and making sure your expenses are lower than your income, saving money will be easy. Instructions 1 Personal money management...

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Steps to Fixing Your Credit

Fixing your credit can make a substantial difference in your financial life, because it can save you money on interest and make it easier to get approved for financing. If you have a low credit score, there are a number of steps you can take to improve your credit rating. Review Credit Reports Before you can effectively fix your credit report, you must review your credit reports from the three major credit bureaus: TransUnion, Experian and Equifax. You can obtain a copy of your credit report from each of the three bureaus for free once...

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How to Get Rid of Education Debt

Thirty-eight percent of college students took out student loans to assist them in paying for school, according to a 2007-08 report by the National Center for Educational Statistics. The same report also found the average amount owed on loans by students who attended school full-time was $24,300. To overcome the debt incurred while in college, current and former students need a plan to get rid of education debt. Instructions 1 Consolidate student loans. Earn a lower interest rate by combining your loans. Make only one payment a month instead...

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How to Verify Credit Card Information

It is important to be able verify your credit card when using it, either in person or online. Although each card has a different 16 digit number printed across the front, there are several other ways to verify the credit card. This helps lower the likelihood of identity theft, especially with online users. If you are ever asked to verify a credit card, be prepared to show at least one of the next several items. Instructions 1 Give the expiration...

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Credit Debt Repair

You need a good credit history to obtain credit on favorable terms in the form of credit cards, mortgages, car loans and personal loans. To perform credit debt repair, identify any negative information in your credit report. According to the Federal Trade Commission (FTC), United States residents have the right to view one free credit report from TransUnion, Equifax and Experian every year and can pay a fee per bureau to see their credit score. Payments Creditors usually report late payments to credit bureaus if you don't pay within 30...

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How to Get Free Government Grant Money

You can get free government grant money if you are willing to put in some time and effort. Do not spend money on some website to let some one else do it for you. Go get free government grant money for yourself. Instructions 1 Go to www.grants.gov, this is where you will find a wealth of information on all the types of free government grant money that is out there. 2 It will take some work to find something that fits you and your situation,...

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Are Heirs Responsible for Debts in New York?

Handling the estate of a loved one is stressful for heirs who are grieving their loss. Receiving calls from debt collectors only makes the situation more difficult. However, in the state of New York, heirs are seldom responsible for the debt of the deceased and the person handling the estate and probate process handles the payments of any debts. Personal Representative of Deceased When a person dies in New York, the first step in handling the estate is to appoint a personal representative of the deceased. This person may already be appointed...

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Can a Warrant Be Served for Bank Debt?

Many people who fall behind on their debts are afraid that the failure to pay back your creditors may result in a jail sentence or arrest warrant. This is not the case. In the vast majority of situations, the state will not issue a warrant for your arrest for bank or other forms of unpaid debt. Talk to a lawyer if you need legal advice or have questions about the laws in your area. Debt Obligations When you enter into a debt agreement with a creditor, such as a bank, mortgage company or other lender, you agree to pay back the money the...

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How to Stop a Scavenger Debt Collector

Scavenger debt collectors are companies that purchase old debts from original creditors and then contact debtors to recover these funds. According to BCS Alliance, scavenger debt collectors buy old debts for pennies on the dollar -- but they request the full unpaid balance from debtors to make a nice profit. Dealing with these types of collectors is often frustrating, but there is a wrong and right way for handling scavenger collectors. Instructions 1 Request that the collection agency or company send proof that you owe the debt. Admitting...

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How to Write a Letter Requesting a Salary Advance

Writing a letter asking for a salary advance is not difficult. The tough part is understanding how the letter will affect your professional reputation -- if at all. Salary advances are not common for all employers; sending a letter asking for advance pay could indicate you are having financial problems. The disclosure is an important consideration, especially for people involved in jobs managing money. In some situations employers have the right...

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What Will Happen If You Have a Medical Debt

Medical debts differ from other varieties of debt in that you cannot always control when you'll need medical care or the type of treatments you receive -- especially in emergency situations. Like other creditors, however, hospitals and doctor's offices expect you to pay any debts you incur and you can face unpleasant legal consequences for failing to do so. Insurance Coverage When you incur medical debt, your health care provider submits...

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Borrower Debit Card Rules in Texas

In Texas, abusing a debit or credit card is illegal, according to numerous rules and regulations. Fraud is punishable by fines or jail time, depending on the offense. Debit cards can be used for either a credit or debit transaction, each with its own set of rules. Debit Transactions Debit transactions require a four-digit pin for authorization. The money spent in a debit transaction is immediately pulled from the bank account that is linked...

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How to Keep Someone From Repossessing Your Vehicle

Everyone has a hard time keeping up with their bills from time to time. So if you are in danger of your vehicle being repossessed by the car lot, there are a few things you can do to keep that vehicle in your care for a little longer. Maybe even long enough to catch up that payment! Instructions How To Keep Someone From Repossessing Your Vehicle 1 Call and make a payment arrangement with the creditor if you get into a financial bind. If you do this at the first sign of trouble, generally the repo man is not sent your way. You can always...

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How to Emancipate a Spouse's Debt

Spouses are not responsible for covering each others' debts taken out as individuals. In general, it complicates matters to have one spouse pay the debt taken out by another directly. It's possible to repay an individual debt using funds from a joint account. If there's no joint account, it's more convenient to transfer the funds to the debtor spouse's account and have them pay the debt. There are no tax penalties for this kind of transaction. Having...

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What Happens to Your Credit Score After a Repo?

Credit scores provide a numerical indicator to reflect whether an applicant has honored creditor-based agreements and for predicting future risk levels. After an auto repossession, your credit score could trend toward a lower range, as your payment history is used for 35 percent of a credit score calculation. You can resolve the debt that stems from an auto repossession, while taking action toward improving your credit score. Auto Financing Auto financing could position an applicant to buy a vehicle with minimal cash out of pocket. Based...

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What Happens if a Cosigner of a Student Loan Dies?

Borrowing money can enable consumers to invest in cars, homes or education, but lenders are often wary of lending large sums of money to young borrowers with short credit histories. In this case, the lender may require a loan cosigner, who agrees to pay back the debt if the primary borrower fails to pay. The death of a primary borrower or cosigner can affect student loans or other debts. Basics of Loan Cosigning When someone cosigns a loan, he guarantees that the loan will be repaid regardless of whether the primary borrower fulfills the...

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When Do You Get Back Your Deposit on a Secured Credit Card?

Secured credit cards are a great way to rebuild credit. They're also a good way for those new to credit to get a credit card and learn how to use it responsibly. A secured credit card requires a deposit, which is used as collateral against the cardholder's line of credit the cardholder. Yout deposit is refundable, although you should check the details of your particular card to find out what fees or restrictions may apply. Where to Get a Secured...

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Should You Pay a Charge-Off?

Your credit card company typically allows you six months to make payments on a delinquent credit card before charging off the balance. While many debtors mistakenly believe that a charge-off indicates the credit card company has forgiven their debt, the credit card company can continue to pursue payment on its own or hire a collector to secure payment from you. While paying a charge-off prevents further consequences, doing so may not be the right move for everyone. Preventing Legal Action Depending on the company's policies and the amount...

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The Garnish Limit of a Judgment on My Bank Account

Your debts don't disappear simply because you don't have the funds to pay them back. Even if you honestly can't pay, if you let it get to the point that a creditor sues you, you may end up with serious financial problems. After receiving a judgment against you, the creditor can garnish your wages. If you don't have a job, the creditor can garnish your entire bank account balance, leaving you with no money for necessities. No Limit Bankrate.com reports that unlike wage garnishments, where the creditor must leave you enough money to live...

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The Advantages of a Deed in Lieu

If you have missed mortgage payments because of a financial change, you may be at risk of foreclosure. However, if you realize that you simply cannot keep up with your mortgage payments, a deed in lieu of foreclosure may be an appropriate option. A deed in lieu is an agreement in which you give the deed to the home to your mortgage lender in exchange for cancellation of the debt. This transaction gives the lender ownership of the home, and allows the lender to sell the home to recoup some of your forgiven mortgage balance. Foreclosure Prevention...

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Reasons for an Online Credit Report Dispute

Monitoring your credit report is essential to maintaining or building good credit. It is important to review the information contained in your credit report, since even a small discrepancy or error can have a substantial negative impact on your score. You have the right to dispute incorrect information. Filing an online dispute is a free, fast and secure method used to prompt an investigation by the credit bureaus. After the investigation, any errors must be corrected. Date of Last Activity Pay close attention to the date of last activity,...

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Why Debt Consolidation Doesn't Work

When you're drowning in debts, consolidating them may seem like a good solution. By transferring all your credit card bills to one low-interest card, taking out a low-interest home-equity loan to pay off your other bills, or working with a debt consolidation service, you end up with only one payment to make each month, and at a lower interest rate. Consolidation doesn't eliminate your debts, however, and ultimately may not help you. Costs Debt consolidation may reduce your interest payments, but you'll pay for the privilege, the Federal...

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Who Regulates Credit Counselors?

Ten years ago, less than a million people had sought the help of credit counselors to help them manage their money. Today, as many as 10 million people are currently working with credit counselors to get themselves out of debt. Predictably, if the economy results in more people who are either out of work or victims of rampant inflation, they will seek help. However, finding a trained, ethical credit counselor is not easy to do because there are only two trade organizations that monitor credit counselors. History As consumer debt was heading...

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Is a Husband Responsible for a Wife's Debt in Texas?

Texas is a community property state and as such, many people believe the husband is responsible for his wife's debt and vice versa. In some cases that is true, but the reality of the law is actually much more complicated, particularly when you are getting divorced. Laws may vary if your spouse passes away instead.. The best course of action is to consult with a divorce or probate attorney to help clarify specific Texas laws and statutes. Community Debts In Texas, it is generally assumed that debts acquired while you're married are community...

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How to Reopen Your Unemployment Case in Delaware

If you find a job while you are receiving unemployment benefits in Delaware, you must stop filing your weekly claim forms. When you do this, the unemployment claim is closed but can be reopened at any time during your benefit year, which is the 12-month period that starts when you file the initial claim. Anytime you stop filing your claim forms, regardless of the reason, your unemployment case is closed. Upon reopening the claim, you will begin to receive weekly claim forms again. Instructions 1 Use the Delaware Department of Labor website...

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What Is Non-Interest-Bearing Debt?

Non-interest-bearing debt is also referred to as "non-interest-bearing current liability" or NIBCL. It is, simply, debt that does not require any interest payments. Most debt people are familiar with is interest-bearing debt such as mortgages, bank loans and credit card balances. With these debts, the bank or financial institution that issues the credit charges you for providing the service of use of the money. This charge is called "interest." ...

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5 Unwritten Credit Rules

Using credit can be convenient and even necessary at times. It allows you to make big purchases that you could otherwise not afford if you had to pay for them all at once. Using credit wisely means playing by the unwritten rules that your creditor may not always want you to know or at least freely reveal to you. Just Ask The credit business is highly competitive. Numerous banks and finance companies are bidding to provide you with credit card and other loan services. If you feel the interest rates you are being charged are too much, call...

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Is It a Good Idea to Pay Off Your Mortgage?

If you own a home, you may have been bombarded by so-called financial planners who have personal reasons for your paying off or not paying off your mortgage. For example, banks and other lenders want you to keep paying on your mortgage because it's, for the most part, reliable income for them. And real estate agents try to steer you toward an ever larger mortgage because that leads you to buy a more expensive house, which means that they will receive a higher commission. Then, there are the financial planners who want you to pay off your mortgage...

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Debt Settlement Programs in Kentucky

Debt settlements laws vary from state to state. There are a selection of reputable debt settlement programs in Kentucky to chose from for the needs of state residents. Selection When selecting a program, it's best to chose a nonprofit and to make sure the program is in good standing with the Better Business Bureau. The program should not charge you at all or only charge a nominal fee for its services. In most cases, you will make a lump payment monthly to the agency and the agency will pay your creditors the monthly amount it negotiated....

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Does Paying off a Charged-off Account Affect Your Credit Score?

Charged-off accounts are harmful to credit scores. A charge off is a negative entry on a credit report because it shows the debtor failed to pay an account they had agreed to pay. After several months of trying to collect the debt, credit card companies and other creditors close delinquent accounts and list them with credit bureaus as charge offs. Paying a charged-off account does not remove the information from your credit reports --- and it may not affect the debtor's credit score. Considerations Charge-offs are a red flag to creditors...

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How to Legally Get Out of an Internet Payday Loan

In times of need, an Internet payday loan may seem like an excellent idea. Unfortunately, these types of short term loans carry high finance fees, which can cause many customers to become late on payments, ending up in a vicious cycle of rollovers and more loans. You can legally get out of an Internet payday loan if you understand how the business works and do the proper research on your situation. Instructions 1 Check the fine print on the Internet company's website to ensure that you were legally permitted to take out a loan with the company....

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How to Get a Home Loan After Chapter 13 Bankruptcy

You can be approved for a new home loan after a Chapter 13 bankruptcy -- but not right away. Mortgage companies will want to see that you have been rehabilitated by the bankruptcy experience and that you are again ready to take on significant new debt. Do that by creating small new credit accounts -- such as gas station cards or department store cards. Add other credit cards later and use them all responsibly by making small charges and paying the cards off in full each month. Instructions 1 Order your credit report and score. Get a free...

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Debt Counseling & Bill Consolidation Help

There are times when personal debt gets out of control. It can be overwhelming and frustrating. There are agencies that can provide some relief, but there are also companies out there looking to take advantage of desperate people. Care should be taken to find a trustworthy, reputable organization when attempting to find help. Debt Consolidation The way that debt consolidation works can be somewhat deceptive. The debt consolidation company...

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How to Cancel a Verizon Wireless Bill Payment

Verizon allows customers to pay a wireless bill using a checking or credit account. When you schedule a payment, it can come out of the account on the same day or you can schedule it to come out on a specific day as a one-time payment, or as a monthly automatic withdrawal through Verizon's Auto Bill Pay service. Many different reasons exist for cancelling a payment such as funds availability issues or an incorrect scheduled payment amount. Whatever your reason or the payment method used, you can cancel the payment one of three ways as long as Verizon...

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The Effect of Economy on Accounting Information

A national or global economy may be reflected in the development of accounting information systems (AIS), especially their use and impact. AIS were developed to record, validate, and summarize financial processes within an enterprise. The economy -- general trade in goods and services in a market -- has transformed, and continues to transform, the accounting systems of companies. Effects The AIS of many companies continue to transfer accounting personnel responsibilities to computers as the shift of the economy pushes further into the global...

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