Why is a good credit record so important?

In order to buy a vehicle, purchase a piece of property, open a store account, open a cell phone account or get a general personal loan, you must have a sound credit record. All reputable financial service providers will want to see two major things before they approve your credit.

These are:

1. They will want to see that you have a steady, reliable income that will cover all of your essential living costs and your monthly loan re-payments.
2. They will want to see that you have always paid your debts and accounts in full and on time in the past.

Without these two things your only choice for a loan will be a loan shark agency who you will probably never be able to pay off.

It is therefore essential for your future, financially and otherwise, to take care of your credit record and make sure it is a good one.

What is a credit rating?

If you are an active credit consumer you will have a credit rating determined by how good you have been at making your payments. Some financial service providers use this rating to determine how much interest they will charge you on a loan or whether they will grant you the loan at all. Your credit rating fluctuates up and down over time, depending on your payment behaviour.

Three practical ways to improve your credit record

If your credit record is not looking as good as it should, there are several ways to make improvements. The essential thing is to start NOW and not to wait until it is too late. The following three ways to improve your record are not quick fixes, but they will help you to improve your credit rating.

1. If you have had an incident of non-payment, it will show affect your credit rating and history for two years and show up on your credit profile for five years. After that it will be wiped clear. The best way forward is to pay all your debt religiously and in a few years time, you will have a sound credit record.
2. The number of accounts you have on your credit record will affect your chances of being granted a loan. Even if all of your accounts are paid up, potential creditors may consider you a high risk and may be wary of granting you a loan in terms of affordability on your part. It is best to close any accounts that are paid up to clear up your credit profile.
3. Debt ratio is another factor that mars your credit record. Your debt ratio is the different between what you and your credit limit. This gap should be as wide as possible so attempt to pay off your highest interest ratio debt first as well as any that is reaching the maximum limit.

Some extra finance tips

The above are three of the most important and practical ways to save your credit record, but the following tips will help you as well.

• Do not apply for too many loans at once. All of your loan applications show up on your credit record and even if you are simply casting the net wide looking for a financial service provider who will approve you, you may look like you are committing fraud of you may simply look reckless. Neither of these perceptions will be good for your credit record.
• Do not apply for credit unless it is absolutely essential. Credit is not a quick fix to your financial problems. You should consider the terms and conditions, long term and short term, before getting into debt.
• Do not go to a credit repair agency. There is no need for this as they will undoubtedly charge you a large amount and not do much for your credit record. Many of these agencies are actually loan sharks.

3 Practical Ways to Improve your Credit Record is an original post from: Bad Debt Advice and Finance Solutions

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To buy almost any of the more expensive essentials today, most people require a loan or account of some sort. Houses, cars, cell phone contracts and store contracts can only be achieved through credit. In order to take out a loan or open an account, the financial service provider needs to be sure of two things:

• They need to be sure that you have a monthly income that will allow you to at least cover your essential living costs as well as your loan or account payments every month.
• They will also need to be sure that you have a good credit history and are unlikely to stop paying or be unable to pay the full amount.

Therefore, without a good credit record, keeping up with your dreams and having the things you need for a happy, contented and successful life will be difficult. Make sure that you are informed of where your credit is at so that you can avoid debt, bad credit and penalties.

See your credit record cheaply or for free

Your credit record is kept by three bureaus: TransUnion, Experian and XDS. Getting your credit history without mediatory help will mean going to each bureau separately, or to each bureau’s website. Because most people are kept busy with jobs, families and more, this can be frustrating. There are many companies who provide the service of checking your credit history for you and sending it to you, and some will do it for very low rates or even for free.

There are many websites where you can see what your credit record is and maintain it. By doing regular checks, you can ensure that you do not fall victim to fraud like identity theft, one of the most common and destructive kinds. Financial service providers and companies that offer accounts will be able to access your credit record and you have every right to see what they see. Make sure that you choose a reputable company to check your credit record through so that you receive accurate and up to date records.

Some of the companies that will check your credit history cheaply or for free are:

• Credit Expert from Experian
• Credit Record
• Credit Health (Credit Health will check all three bureaus for you)

Many companies, like Credit Health, will offer you advice on how to improve your credit record should you need it. You can expect to pay about R80 for a credit record from most credit check companies, but you will find a few that will offer their services at lower prices or for free.

Companies like Credit Record offer regular checks for a package sum. You could get a once off, personal credit check, a credit check every quarter or a monthly credit check sent to you. You can also have a customer or tenant checked through Credit Record for a low sum.

It is essential to know where you are with your credit so that you can avoid getting in over your head with debt. Before you find yourself in a place where you have been unable to make certain payments in full or at all, and before you are faced with legal action, the possibility of losing your assets or the possibility of being blacklisted, you should know your credit record and take action to improve it if need be.

Going through a company that will do your credit check for you makes the process easier and hassle free and means that there is no excuse not to keep up to date with your credit record. Your credit history is one of the most important things in your life and you cannot afford to let it go unchecked.

How to Get a Credit Check Cheaply or for Free is an original post from: Bad Debt Advice and Finance Solutions

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If you are under debt review, you are likely to have a poor credit history and rating. Without a good credit history, and with many outstanding debts, it would be difficult to find a company willing to loan you money. However, the fact that you have applied for debt review shows that you are willing to work on handling your money better and paying your creditors back. This might stand you in good stead and give you a chance at finding a loan.

What to watch out for

There are several unscrupulous financial service providers who offer loans to people who have been blacklisted or who are under debt review. They offer the loan but with very heavy fees and penalties if you fail to pay up. Many people have found themselves in an even worse position after taking out a loan like this.

Talk to your debt counsellor about financial aid. With their experience and knowledge of the financial world, they will be able to give you good advice and steer you in the direction of the best possible loan achievable in your situation.

Think carefully before you borrow

There is a good reason that most reputable financial service providers will not lend money to someone who is undergoing the debt review process. If you are already in over your head with debt, loaning more money is a very bad idea. In order to qualify for the debt review process one of the requirements is that you have an income which will cover your essential living costs like rent, lights and water, food, petrol, medical aid and insurance. Your income should stretch a bit further than the essentials so that you can make an offer to your creditors.

If you are in this position, you are likely facing a long time of paying off your debts, stretching up to a number of years in many cases. Adding yet another loan to that is bad for your future and worse for your credit history. If you can afford to wait for a time when you are out of debt to consider further loans, then it is advisable that you do so. Being thrifty with your income and living sparingly for a short time will help you in the long run.

However, if you do desperately need the extra money and you cannot wait, then take note of the following tips and advice:

• ALWAYS do your research carefully and thoroughly so that you clearly understand what you are getting yourself into and the plan for paying your way out. Make sure you choose a reputable financial services provider and read the fine print of your loan carefully. You do not want to end up in foreclosure and have legal action taken against you should you get in over your head.
• Spend the money carefully. Only lend what you need and use it for that specific purpose. Do not be tempted to get a slightly higher loan so that you can spend a bit of money on unnecessary luxuries or items. Even a small amount of money can make a big difference.
• Be prepared for any eventuality. What would happen to your payments if you lost your job or were seriously injured? Would UIF cover your living expenses, your pre-existing debt AND the new loan?
• Seek advice and take it. If you are undergoing the debt review process then make use of your debt counsellor’s knowledge and experience. Ask for advice about what sort of loan to take out, where to take it from, how to pay it back and how to manage your living costs to accommodate the extra expense. Draw up a plan and stick to it.

Finding financial assistance for people under debt review is not the best idea, but if the extra loan is crucial then make sure you weigh up your options and choose smartly.

Financial Assistance for People Under Debt Review is an original post from: Bad Debt Advice and Finance Solutions

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When you approach these kinds of negotiations, you need to present your argument convincingly and realistically. This means preparing ahead for the negotiation and communicating effectively with your creditors. Try these tips to negotiate debt settlement to help you create a more manageable debt situation.

1. 1.       Create a budget

You need to be able to explain your financial situation by outlining your income and expenses. Prepare a monthly budget to help creditors estimate how much you can afford to pay every month. Creating a budget can also help you to see where you can save money to pay off your debts. Record all your income and expenses for a month before you draw up your budget to help you see how you are spending your money and how you can decrease your expenses. Once you have created a new budget allocating money to paying off your debt, stick to it. Pay your debt first thing every month so that you don’t overspend and find yourself short of money.

1. 2.       Go for the low

You have a better chance making negotiations for accounts with the lowest balance. The sooner you pay off these lower balances, the more money you will have to tackle the higher balances. Start at the bottom and work your way up.

1. 3.       Show your determination

Let your creditors know that you are serious about repaying your debts and bringing your finances back in order. Preparing well for your negotiation will show how important it is to you. Clearly explain the goals you have regarding clearing your debts so that your creditors understand your goals and are more likely to accommodate them.

1. 4.       Make an offer

Rather than asking creditors how much settlement they are willing to accept, make an offer based on affordability. Avoid agreeing to post dated check payments or automatic electronic payments.

1. 5.       The win-win

Your creditors need to know that they will benefit from agreeing to a debt settlement with you, so you need to explain what they will gain from entering into negotiations. For example, if you can make payments on time, the creditor won’t have to go to court to sue you and won’t have to approach people to collect the money you owe.

1. 6.       Present yourself

Speak politely, calmly, and with confidence. Make sure that you appear neat and professional. A book is judged by its cover, so you want to appear responsible and serious about the proposal you are making.

1. 7.       If at first you don’t succeed…

Be prepared to try again if the creditor refuses your first offer. Try waiting for a month or a little longer before you make an appointment to negotiate with them again. You can also adapt your negotiation terms to something they may find more suitable.

1. 8.       Stick to the solution

Avoid giving a lengthy description about why you can’t pay because that’s not what the creditor is interested in – they are interested in how you plan to pay the money. So stick to the solution rather than focusing on the problem when you present your case.

With proper negotiation tactics, you can more or less expect that you and your creditor will be able to come to some form of agreement, even if this deviates somewhat from your original plan. But a successful negotiation is just the first step – it is essential that you are committed and stick to your new obligations to your creditor; you have fought for them, so now you need to show that you deserve them.

Tips to Negotiate Debt Settlement is an original post from: Bad Debt Advice and Finance Solutions

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It doesn’t matter that you are in South Africa, you can easily be a victim of fraud caused by someone who lives in another country; and all of this damage can be done over the internet. Although you can’t really avoid fraudulent emails, you can choose to ignore them as well as report them.

Phishing is the term used to describe those emails that are sent to try and acquire the personal information of people and the information of their banking details and internet usernames and passwords.

At least once a week is how often most people receive emails stating that they have won some overseas lottery, or an email from one of the “banks” claiming to need their banking details for something or the other, and those who don’t know any better and have no experience with email scams, will actually go and give out that confidential information. Phishing is done all over the world via the internet, and most of the time these fraud freaks are smart and know what they are doing, and they can be extremely convincing.

As soon as you receive a suspicious looking email from your “bank” and it requires you to send out your banking details, you should immediately report it to the banks of South Africa so that they can warn their clients and possibly take further action.

One way to avoid these emails is to mark them as “junk” or “spam” on your account, but it is entirely possible for these emails to sneak through that and end up in your inbox. Even if you play the South African Lottery, you will not be informed of your winning numbers via email as you should already know, so watch out for these email scams and be extremely cautious at all times.

Work at Home Scams

Work at home scams are real and chances are you have probably come across more than one of these in your life time. There are real jobs available on the Internet that will allow you to earn money also. There are paid surveys, online typing jobs as well as other business opportunities that you are sure to be interested in. The lists of opportunities could go on forever, but you have to be very careful when you are looking for an opportunity like this one, you won’t believe how sneaky and skiniving some people can be just to make money, so you have to keep your eyes open at all times.

It isn’t always easy to tell the difference, but you will know when you are dealing with work at home scams or a real working opportunity. The Internet makes many options available to those who are looking to earn money with paid surveys, writing or typing jobs and just general working opportunities.

You might be looking for a work at home job as a second job, something to do when you come home from work in the evenings and also on weekends, or it can be your only source of income, it doesn’t matter, either way you are sure to make the money you need.

To get your foot in the door of a booming business isn’t always easy these days, so if you can find something that allows you to work from the comfort of your own home, grab the opportunity with both hands. There are lists and lists of different options for you to choose from, but it is up to you to decide which is a scam and which is real. Work at home scams are there along with all the other legit jobs, you have to be able to tell the difference which usually simply takes a little common sense.

Email Scams is an original post from: Bad Debt Advice and Finance Solutions

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Having been established in 1994, Prudential South Africa now has R101 billion assets under its management.

The logo of Prudential Financial Service Providers is Lady Prudence, a symbol of the company’s commitment to personality and involved customer relations. Prudential claims to understand and listen to the dreams of its customers around the world, represented by the image of Lady Prudence, who gazes into her mirror to see the world as it really it. This ability to understand and consider the needs and aspirations of its clients allows Prudential to provide products which meet individual and unique needs. Prudence is also known for having sound and practical judgement, discretion, as well as worldly and practical wisdom.  It is these attributes that Prudential aspires to emulate.

Who owns Prudential South Africa?

The Prudential South Africa head office is situated in Cape Town and the company also has offices in Durban, Port Elizabeth, Johannesburg and Windhoek. The business’ asset base consists of South African retail clients (about 50%), South African pension funds (48%), and assets managed on behalf of the company offices in Asia and the UK (2%).

• M&G Investments Limited owns 47.2% of Prudential South Africa.
• In the South African company, 31.3% of the ownership is vested in a staff trust which benefits the Prudential employees.
• 21.5% of Prudential is owned by a BEE consortium called the Thesele Group. Prudential is an A-rated empowerment company.

Prudential Portfolio Managers South Africa is also an authorised Discretionary Financial Services Provider.

Why should you invest with Prudential?

As an international company, Prudential has worldwide resources on which to draw and uses only the most sophisticated investment techniques. This allows Prudential to provide its clients with consistent returns on their investments.

Prudential is one of the largest investment managers in the world, opening management offices in Cape Town and Namibia in 1994 and 1996 respectively. This local presence brings Prudential’s global management services to South African clients.

Prudential aspire constantly to put the client first, led by prudence and always acting in the client’s best interest. The company is committed to a business approach that is determined by integrity and practical wisdom.

To ensure efficient client services, Prudential believes in developing a partnership with their clients, keeping them informed and providing information on investments.

What assets do Prudential manage?

• Institutional investments
• Individual investments from clients in South Africa
• Investment into South Africa from global investors.
• A diverse range of investment approaches

What funds can I choose from?

• A range of unit trust funds (all with different objectives, benefits, investment periods and characteristics of their own)
• Offshore funds
• International Unit Trusts
• Income Portfolios

How do I choose what to invest?

When you choose which approaches or funds suit your specific needs, there are a number of points you need to consider:

• How much you want to invest
• How long you would like to invest your money for
• The payments or returns you would like to see from your investments.

Value investing

Value investing is a theory invented by Benjamin Graham around 1934, based on the assumption that all companies are attached to two values:

1. Market price: This refers to the value of the company as listed on the stock exchange
2. Business value: For short and medium term investments, the market price is often either far below or above the market price; for longer term investments, the business value is reflected by stock price.

All Prudential services and products are selected to offer unique and diverse investment solutions. These investment decisions are backed by Prudential’s expertise in key areas such as fixed interest, tactical asset allocation, and equities.

Prudential Financial Service Providers is an original post from: Bad Debt Advice and Finance Solutions

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Why get bridging finance?

Time delays in property transactions are inevitable as you will have to wait until the entire transfer has taken place before you can access the proceeds of your sold property. In the mean time you may have some significant amounts of cash to dish out such as transfer fees, the deposit on your new property,  fees of conveyance attorneys, duties, and agent commissions. These expenses can’t wait for the transfer to take place and need to be paid immediately. This is where taking a small loan as bridging finance can help you pay your debts before your money comes through. Lenders will usually give you about 80% of the net amount owing to you in the future to cover these expenses.

The catch

As with any kind of loan, you will need to pay interest on the money that you borrow. Unfortunately, bridging finance products usually come with higher interest rates than other types of personal loans. This is because bridging loans are short term loans and the money you need becomes available very quickly, usually within 24 hours after you have applied for it. Interest is calculated on a daily basis.

How can I apply for bridging finance?

Most companies provide an online option for you to apply for bridging finance and the process is quick and easy, allowing you to get the money as soon as possible. After you have completed the online application form, you will usually be required to submit other documents via fax.

Although each lending company may have a different policy, the documents you need usually include:

• An identification document
• A utility bill or other form of proof of address
• Proof of your income
• Bank statements of the last 3 months
• A mortgage statement
• A valuation certificate
• A copy of the Offer to Purchase (signed)
• Information about liabilities you already have, such as credit cards, school fees, debit orders and retail store accounts,
• If you have a second mortgage you may need a letter of confirmation from the bank.

How can I find a bridging company in South Africa?

South African bridging finance loan companies are registered through the National Credit Regulator and can provide finance for the three or more months it takes for a property to be transferred into the new buyer’s name. Some of the best known companies providing bridging finance in South Africa are:

• CapX Finance: This South African company offers bridging finance for property sellers in South Africa and Namibia.
• Cash on Demand: As its name suggests, this bridging finance company offers quick cash and has offices nationwide.
• Smartbridge: This is one of the leading bridging companies operating in South Africa, having been in the business for over 8 years.
• Quince Property Finance: This company offers low rated bridging fiancé for South African property.
• The Bridging Factory: This bridging finance company has a large licensee network and offers a broad spectrum of property and real estate based bridging finance solutions.

These bridging finance companies are registered with the Bridging Finance Association of South Africa (BFISA). This means that that agree to ethical conduct, professionalism, truth in advertising, prescribed practice rules, regulatory compliance , consumer data protection, and other such terms of business.

Thanks to such bridging finance loan companies, people waiting  for the proceeds from their property sales can take comfort in the fact that their expenses can be covered in the mean time. This loan can be paid back as soon as the property transfer has gone through and they will be free to enjoy their new homes.

Bridging Finance in SA is an original post from: Bad Debt Advice and Finance Solutions

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Why use Experian?

Experian aims to provide excellent customer service so that they are able to respond to each customer as an individual and provide for each customer’s unique situation. Over the years, the experienced staff has learned a lot about consumers, changing markets and businesses and is able to apply this knowledge to customer credit check support. The Experian client base includes a number of major retailers, micro-lending companies and all the major banks in South Africa.

What services are offered by the Experian credit check facility?

Credit Expert

Credit Expert is a service that allows you to access your credit information whenever you like. This gives you the power to protect and manage this private information. Credit Expert also provides monitoring alerts, fraud detection and identification verification to ensure that your credit history is not accessed and abused by other people.

There are a number of service options provided under Experian Credit Expert:

• Free Credit Expert Report: Every year you will be able to access your personal credit record for free for one month. To get thirty days of instant and free access to your credit report, simply register online with Credit Expert to request this service. With this free service you are able to view the same information that a lender would see if you are applying for credit. Viewing your account also gives you the opportunity to check that the information is accurate and that there has been no fraud or shady activities under your credit name.
• Credit Expert: Once you have viewed the free Experian credit report you can be given another thirty day period in which you can see if your credit rating has improved after a few months. At a cost of R19.00 per month you can request this service at any time in the year.
• Monthly Credit Expert: If you choose the monthly credit expert option, this allows you to view your report monthly without having to request it. You can stay informed about your credit record via a monthly fax or email. This service will cost you R156 per year.
• Annual Credit Expert: Knowing about your credit details is important and with the annual credit report you will be able to access this information online at anytime in the year for a period of one year.
  View your up-to-date credit report online for one year. This service costs R145 per year. You also have the option of including a Credit Manager to your annual credit report service. This allows you to not only view your report anytime, but also provides you with fax, email or SMS notifications that will alert you if there are any changes to your credit profile. The combination of these services costs R198 per year.
• Credit Risk Rating: This tool was developed by Experian for use with their credit reports. Using the rating system allows you to get an idea of how your application for credit may be influences by your credit history. This service will cost you only R5 per month.
• Detect: This tool will protect both the lender and you against any kind of fraud by checking the validity of the information on the credit application. This service can be provided at a cost of R5 per month.

With all these services and more, it’s easy to see why Experian are the leading specialists in the credit check industry. Knowledge is power; and Experian allows you to take control of your credit records by keeping updated about the status and changes of your credit report.

The Experian Credit Check Facility is an original post from: Bad Debt Advice and Finance Solutions

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Absa has recently opened up the unsecured lending markey, intorducing its Express Loan that is available to South Africans who earn at leaset R1500 per month. Sales of such short term loans are on the rise, particulalry in today’s unfavourable economin conditions that are causing South Africans to dig deep into empyting pockets.  In fact, the bank has financed over R1 million in Express loans.  These kind of loans were once associated with lower icnome groups, but in today’s financial crisi, more and more middle-income South Africans are forced to take out express loans. Acoording to Absa, 45% of the express loan customer are in the entry-level group and 43% form the middle-income bracket.

What is an express loan?

An express loan is a short-term loan intended for emergencies when you need instant cash. The loan can offer you R1500 to R8000, which you will be liable to pay over 1, 3 or 6 months. The express loan is an unsecured loan, meaning that no assets are required as collateral if the borrower defaults on payments.

When can I use Absa express loans?

Absa express loans can be used at your discretion for a variety of reasons. Express loans are designed to offer short term solutions. These could include:

• Something to keep you going until your next paycheck if it has been a particularly expensive month.
• Emergency travel plans.
• If you cannot afford to pay for other important loans and the loan sharks are knocking on your door.
• In case of an accident or illness that requires urgent (and often expensive) medical assistance.
• If you need to pay for utilities before they get cut off by the municipality.
• You need to bail a loved one out of jail.
• You need money to pay for school fees, groceries or other expenses you have not been able to cover in that month.

These are just a few of the many reasons you may choose to take out an emergency loan. You will be able to get out between R1500 and R8000 for your own personal use.

Who is eligible for an Absa express loan?

• You must earn at least R1500 every month.
• Your salary must be deposited into a bank account under your name.
• You must be a South Africa citizen.
• You will need to prove your identity, as well as have a current proof of address (such as a bank statement, rates or municipality bill).

What are the benefits of an Absa express loan?

• The money you need becomes available quickly to help you settle emergency financial situations.
• You can make payments for your loan easily be debit order off your account.
• There is no hidden interest charge as interest is calculated upfront. The interest is charged monthly and forms part of the monthly instalment.
• The outstanding balance can be settled with a Credit Protection Plan in the case of disability, retrenchment or death.
• You can settle the debt early without having to pay early settlement penalties.
• The Absa express loan has roll-over ability. This means that if the first loan has been repaid in full you have the option of taking up another express loan if you need it.

Remember, like any loan, and express loan from Absa will come with interest that you will have to pay, depending on how long it takes you to pay the money back and how much money you borrowed.

An express loan from Absa may be just what you need to tide you temporarily through the hard times. As long as you can meet your required payments, taking out an express loan may be just the solution for temporary financial needs or difficulties.

Absa Express Loans is an original post from: Bad Debt Advice and Finance Solutions

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These two credit bureaus are obliged to provide you with a free credit report once a year free of charge. Should you however discover that you have been blacklisted since the date that you received your last credit report, you can request another one for a small fee either directly from the credit bureaus or through a number of companies that will obtain these documents for you for a small fee.

Once you have obtained your credit reports, you can begin the process of clearing your name from ITC blacklisting. Your credit reports will contain any bad marks against your name and will detail who has made these judgements against your name. Your credit report will additionally list the amount for which you are being blacklisted. Therefore you will be able to contest any judgements if needs be, or you can take the necessary steps to clear your name.

For those who are blacklisted and want to know how to clear your name from ITC, then I would recommend contacting a debt consolidation lawyer. These are lawyers who specialise in dealing with people who have been blacklisted and who are looking to clear their name. Although lawyers fees can be expensive, they will provide you with all the information you need to clear your name. If you however cannot afford to put yourself in to further debt by consulting with a lawyer, then here are some steps that you can take to clear your name.

Firstly, do not take out any further loans or purchase anything on credit. This will only further worsen your problem. The only loan that I could recommend taking would be a debt consolidation loan. This type of loan allows you to consolidate all of your debt to one creditor by paying off your other creditors with the amount loaned. It is however essential that you do not take this loan out for more than what you owe. By this I mean if your debt is R20 000, then you should only take out a debt consolidation loan for R20 000.

This type of loan will save you money in the long run as you will not be paying interest on a number loan amounts, but rather on one amount. What is more is that by doing so, you can negotiate the amount that you pay back every month in order to suit your needs which means that you will safeguard yourself against having to pay for anything on credit. In addition to this, you will improve your credit rating if you pay back the required amount each month on time and will show any future creditors that you are a responsible lender.

However, before you can take out credit again, you will have to clear the judgements against your name on the ITC. By having a debt consolidation lawyer, they can assist you in this process. Alternatively, you can contact the bureaus directly and can prove that you have paid back the money owning and they will clear your name.

How to Clear your Name from ITC is an original post from: Bad Debt Advice and Finance Solutions

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