Debt And Credit Help

The Miami Herald posted an interesting article today it talked about lender fatigue. This is a little talked about but very important subject in the business financing world. If you look at a business financing relationship as being similar to a dating relationship, lender fatigue is akin to breaking up. Sort of like saying “it’s not you, it’s me…” to a customer.

The most common cause of lender fatigue in the factoring industry is broken promises. Full Post…

Personal bankruptcy activity declined in the December 2011 quarter by approximately 4%.

During the December quarter 7689 people either became bankrupt, or entered Part IX debt agreements or Part X insolvency agreements.

According to the latest information provided by ITSA (Insolvency and Trustee Services Australia) there were 8012 individuals declaring bankruptcy or entering some kind of a debt agreement during the September quarter.

The December figure is a reduction of two per cent on the December quarter in 2010.

In terms of annual statistics, bankruptcies were down four per cent year on year, while Part IX agreements were up 2.9 per cent, and Part X agreements were down 3.4 per cent.

The UB-04 claim form is a form that is usually filled by health institutions for health insurance billing. Health facilities such as hospitals, rehabilitation centers and clinics etc need to fill in a UB-04 form in order to get paid by health insurance companies.  is used by facilities rather than physicians for their health insurance billing.

After admitting a loved one to a hospital or rehabilitation center, people contact the health facility office to get an insurance claim paid. In order to do that, the insurance company would tell them to file the claim on a UB-04 claim form.

Full Post…

National money education charity Credit Action today revealed that one person is declared insolvent or bankrupt every 60 seconds during the working week.

Based on statistics gathered in the third quarter of 2011, the charity estimates that 331 people are made insolvent or bankrupt every working day and 101 properties are repossessed every day.

The current high level of unemployment is a major factor in tipping people into debt and between August and October 2011 1,764 people a day were made redundant.

Full Post…

Sound Advice from Jeff York

With loan interest rates at record lows, you might be considering rearranging your debt to help your monthly budget. Lowering the interest cost on your consumer loans means you pay lessright? Well, not always. Consolidating debt can make good sense, but what is good in the short run may actually cost you more in the long run.

Debt Consolidation Options

Consolidating debt is the process of combining several loans into one loan, which should have a lower overall interest rate.

Full Post…