Six Things to Avoid in Getting Quick Debt Relief

For getting quick debt relief so many people is choosing bankruptcy as an alternative. A research company based in California, Lundquist Consulting states that in 2010 total number of registered bankruptcy cases was 115,000 in number. 

Every year bankruptcy cases are increasing at the rate of 9%. Consumer debt is really an issue in America. Understanding and better knowledge regarding debt relief can help America in coping up from financial concern. 

What Not To Do To Get Debt Relief

There are some general ideas which people often experiment with to get fast debt reliefs:

• Paying to third party for reducing debt amount: It is hard core fact that no financial company and their policy can actually reduce the principal amount of debt. There are chances to reduce the debt accumulated by high interest rates. If any agent or third party asks for money for reducing the principal debt amount, is actually making fake claims. 

• Believing touts: There are many people who are always waiting with fraudulent policies to take advantage of your critical financial situation. These touts often shows fake documents claiming them as government schemes. Sometimes also government provides debt relief. It is recommended to counter check the existence of the policy which government is providing. 

    

• Getting attracted to advertisements: Agencies which provides services for debt relief makes big promise and claims in their advertisement. It is not at all recommended to choose debt settlement Company only on the basis of advertisement. Before buying any policy it is always better to conduct a small market research.

  

• Not communicating with creditors: This is the most common mistake committed by debtors. Spoiling relationship may also drag you to the courts. It is better to respond honestly to the remainder calls from the creditors. Keeping communication gates open sometime may also results in opening of unexpected gates which leads to financial relief.  

• Lending personal and financial information to agents: while meeting with agents and company representatives many debtors reveal their personal information. It is good if the agent shows concern and sympathy for your case. But being a smart client you should not reveal your personal information unless it is necessary. 

• Not taking money management seriously: If you have taken certain scheme for fast debt repayment you should take money management seriously. Relooking at your expenses will help to cut down unnecessary expenses. Spending money in a planned way results in savings, which can give you debt relief.    

The best way to get out from debt situation is to keep financial activities simple and tidy. Instead of going for a short cut one should make long term financial plans for getting relief from debt. 

Resource Box

For getting quick debt relief services you can prefer to Practical Debt Relief. Practical Debt Relief is accredited business member through BSI and are members of the USOBA & and IAPDA, which ensures its legitimacy and authenticity. For more information regarding debt relief solutions simply log on to www.chargebackkers.in and get to know about quick debt relief from best financial lawyers.

Divorce Culture Getting Space in Middle Class Too

Seeking a divorce from a troubled wedding is not any additional restricted to the celebrities and therefore the elite as increasing range of social class folks are striking the splits villa thanks to high stress level and additional choices out there to seek out a second partner.
The latest reports of troubled wedding have hit Arun Nayar- Liz Hurley and large Boss four participants Ali merchandiser and Sara Ali.

It is common in idle class now. It is no more stick to higher class and celebrity class. Every class is now adopting this divorce culture.
Divorce rate is at a high because the social stigma related to it in social class is quick disappearing. Within the absence of joint families, folks don’t even recognize what family and wedding values area unit. They don’t even get time to grasp why area unit they obtaining married in initial place.

There is no concrete information out there on the quantity of divorces happening; however attorney Osama Suhail says it's within the range of 6,000 to 8,000 each year.

The role of girls within the family is dynamic as they're doing jobs and matching steps with their husbands. They’re being additional assertive and in several cases, it ends up in a divorce.

Divorce rate is as low as one.1 per cent in India as compared to fifty per cent in USA however the cases area unit on rise in metros than the agricultural areas. The family cloth is unbroken in villages as we've joint families. However in metros, couples suffer from the patron mentality. They see wedding as simply another service and that they need to alter it if it’s not operating properly.

The reason for rise in divorce cases in metros than the opposite cities is additionally as a result of folk’s area unit additional career headed and materialistic here and as a result, they need no time for family. Suhail has a noteworthy reason behind it. Victims will get additional maintenance here, as compared to alternative elements of Bharat as wage packages area unit higher. In one in all my recent cases, a lady got one hundred thousand as maintenance per month once divorce.

People area unit treating wedding with a shopper mentality; if it’s not operating they decide on an amendment.

Cheque Stories Related to Notice of Cheque Bounce and Canceled Cheque

Bounced cheques are the most common offences linked to the financial world. A cheque can be dishonored for various reasons but the primary reason being insufficiency of funds, signature mismatch, post dated cheques, or corrections in the cheque without authentication. The defaulter pays a penalty to the bank when the cheque bounces. 

Demand Notice is sent between 30 days from the date the cheque has bounced. The purpose of the notice is to demand payment and inform the issuer that he or she will be prosecuted, if payment is not made between 15 days. So a Demand Notice contains the following --- Statement, stating that the cheque is presented during its period of validity. Information giving the reason of dishonor, of the cheque. A statement giving the drawer 15 days to pay the amount or a legal action would be taken. This notice only needs to be vetted by a laywer and send by registered post or courier.

A canceled cheque is one which is crossed and the word “Cancelled” is written on it. If a cheque is canceled the cheque cannot be misused, but it provides the account no, cheque no and the MICR code information. Canceled cheque is used for opening a bank account; this completes the account opening process. KYC or Know Your Customer formalities require a cancelled cheque to prove that the account is valid till date. EMIs of different types home loans, car loans, education loans have EMI payments. The bank or company would ask for a cancelled cheque. In case of EPF or employee provident fund account, a cancelled cheque needs to be submitted to the organization, as it would help to validate the account.  Cancelled cheque does not allow money to be withdrawn, but there have been cases where it has been misused. So ensure the cancelled cheque is given to the right person to be used.

Recovering a bounced cheque is very difficult specially if the account is closed from where the cheque had been issued. One way out in such a case would be to file an FRI in the police station. Besides a Criminal Complaint case under the issuer can also be filed under section 138 of Negotiable Instruments Act. As a result the chequq issuer undergoes a punishment for a term of two ears. Alternatively a summary suit for recovery can also be filed under 37 of the Code of Civil Procedure. Approach a good lawyer and he would be the right person to handle cases.

Understanding Debit and Credit Cards Chargeback

Chargeback is a scheme by which any you can get money back from your bank in case the transaction was unsuccessful. Or reversing a transaction from your card provider, in case of a disputed transaction linked to your credit or debit card.  Meaning when the good bought by the customer was defective, service provided was unsatisfactory or the delivery was not done even though the payment was done. The money is returned from the supplier’s bank and not from the supplier directly.

There are quite a few reasons of claiming a chargeback. The primary reason could be that the purchase made from the company had a displeasing outcome. Or the goods promised, were not satisfactory or were faulty. Another reason could be non delivery of the items. Besides there could be bank related issues like transaction processing error or multiple times/incorrect amounts being deducted by the bank. Lastly there could be cases of fraud related to the purchase. But chargeback is not legally procedure and is not protected by law.

The claim is addressed to the bank providing the debit or credit card services. The bank in turn asks for a refund from the supplier’s bank. Chargeback is not a guaranteed process, and there is no guarantee that the money will be recovered. Moreover there is no confirmation that the supplier will accept the reasons for a chargeback. As a result chances of getting the money back, seems bleak.

The process is to complain about the issue to your bank/card provider within 120 days of the purchase. After which the money back process is initiated from the supplier’s bank. If the complain is made under section 75 the credit card company becomes legally responsible. The chargeback is about Visa/ Master card/Amex process. In case the card provider rejects you charge back claims, the case can be escalated to the Financial Ombudsman Service.

Debit Card is applicable to all goods bought by debit card like Visa, Maestro and American Express Networks. Credit Card, charge back is applicable on goods costing less than a fixed amount. Debit Card chargeback process is a more difficult as compared to Credit Card, since the banks are less willing to cooperate. 

What is the difference between Annulment vs Divorce?

Annulment is a judgment of the court declaring a marriage null or void from the date of its formation. It is an official or legal cancellation of a marriage. Annulled marriage is one that is considered to be invalid from the beginning. In other words it is assumed that the marriage had never taken place. In some countries the marriage is considered void from the date of annulment. An annulment means that the individual was never united in marriage as husband and wife.

There are various grounds of annulment, to name a few fraud or lies are the common ones. Religion, children or sex are few of the foundation for a marital relationship but there are issues on it as well. Health conditions, marriage age and physical incapability are some of the other grounds. Annulment can occur when legal formalities are not fulfilled at the time of marriage. Bigamy is another such ground when either of the spouses is legally married to another person at the time of marriage. In India void marriages are dealt in Section 11 of Hindu Marriage Act, 1955.

Whereas Divorce is a court order that terminates a marriage that was existing till date. In other words it is applicable in case of a valid marriage. Divorce occurs when Husband and Wife decide to separate due to major issues in the relationship.

Divorce lawyer plays a crucial role in the success of one’s divorce case. Hiring the right Divorce Lawyer is very important is he is the one to assist you through the divorce legal procedures. Hence a lawyer with strong track record needs to be identified. There are few sources like internet, advertisement, family friends to look for the right and the appropriate lawyer.

To file a divorce case the first step is to appoint a lawyer who would handle the case tactfully and efficiently. Indian Divorce laws are primarily of two types, mutual divorce and contested divorce. In case of mutual divorce, a mutual settlement is made between the two parties. But in case of contested divorce, the case is filed on the grounds specified under the Indian marriage act which depends on the religion of the person. The divorce laws are different for Hindus, Muslims, Christians and Sikhs. The lawyer will then file a petition in court. There are several important documents that need to be attached. Then the court sends a notice asking the spouse to appear in court. Henceforth the hearings continue. One needs to be mentally strong to face all social consequences which arise as a result of filing a divorce in court.