Personal loan rates can be used for just about anything and their interest rates tend to be higher than those taken out on a home are. This is because a personal loan does not require collateral. A no-collateral loan means the lender has no specific item to lay claim to should the borrower default.  While one can take out a personal loan for just about anything, according to a recent survey by Prosper.com, 49% of people with these types of loans are using them for debt consolidation.

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Kenneth Starr, who admitted that he stole millions of dollars from a star-studded lineup of clients at his financial investment firm, is now watching as companies associated with him file for Chapter 7 bankruptcy.

Starr was recently sentenced to seven years in prison after he plead guilty to defrauding those famous clients. The sentence was not as steep as it could have been, coming in under the 12-year maximum sentence that the charge could have brought.

He will himself face a personal involuntary Chapter 7 bankruptcy petition, according to the Wall Street Journal, filed by creditors against Starr.

Among Starr’s famous clients, from whom he stole money to buy a $7.5 million luxury Manhattan condo, included Martin Scorsese, Ron Howard, Goldie Hawn, Wesley Snipes and Annie Liebovitz.

Prosecutors said that Starr built an aura of exclusivity around his brand, and played up his trustworthiness, even as he bilked them of money illegally. T

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You will discover generally 2 suggestions which are most common for credit card debt elimination: controlling the expenditures and consolidating debt. Lets check both of these credit card debt elimination recommendations and ensure the list of things you could do for achieving credit card debt elimination by means of these recommendations:

1. Control your desire to spend: The very first thing to do for credit card debt elimination is to control your expenditures. Here we’re talking about the payments you make using your credit card. Keep in mind that the key reason being your getting into credit card debt is unrestrained expenditures using your credit card. Full Post…

Marketwatch.com reports that Americans have become more diligent about eliminating debt and increasing savings at the same time that the federal government continues to expand it.

Chicago Bankruptcy Lawyers understand the challenges and stress facing families struggling with unmanageable debt loads. The reality is that ever-increasing debt can make life devastating and cause not only financial problems, but also mental and physical hardships.

Between the 1980s and 2000s, Americans cut back on debt and in the same time period the federal government increased its debt from $1 trillion to $14.3 trillion.

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