National Banks Are Making Riskier Loans: 3 Precautions Business Owners Can Take Against Rogue Lenders
On June 25, 2014, the US Treasury Department, through the Office of the Comptroller of the Currency (“OCC”), issued a press release saying that banks nationwide are making riskier loans to compete with other banks. The OCC is charged with regulating and supervising...
When the Bank Demands Payment in Full: 3 Options for Borrowers with Matured Business Loans
There are three realistic options that a business owner should consider when their bank demands payment of the loan in full. Pay Off the Loan In a restrictive banking climate, refinancing sounds much easier than it really is. Banks infrequently rewrite their own...
“Keep Your Money!”
When Is It Acceptable to Forgo Payments to Your Creditor or Landlord? Credit card, loan and lease agreements contain terms that regulate the debtor / creditor or landlord / tenant relationship. Not surprisingly, a large portion of these contracts are dedicated to the...
Avoid Even More Debt After Using a Debt Settlement Company
Millions of Americans are still struggling with growing debt, even though the economy is recovering. Many feel desperate for help. But be leery of debt settlement groups—you may end up further in debt. Debt-Settlement Firms Basically, a debt-settlement company is...