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Business owners usually choose to pursue delinquent debt by suing the organization that is indebted, using the court to remedy the situation by seeking to be awarded a judgment. This is sometimes seen as the first step in the collection of past due business debts, though what many business owners don’t realize is that, because most courts do not enforce the judgment and repayment, the court ruling means little.

When you become a caregiver, either full-time or part-time, can significantly effect your finances. Even if you think that the person requiring care has acceptable income, turning into a caregiver could demand that you minimize your work hours or stop working. If the person requiring care does not have proper income, you may have to help by paying for things or allowing that person to live with you. Medicare, Social Security and Supplemental Security Income (SSI) might supply some help, but certifying can be difficult and confusing. For example, having too much assets in a handicapped child’s name can restrict his or her eligibility for SSI.

Passive investment management could very well be the Rodney Dangerfield of monetary methods - it gets no appreciation. Active contribution approaches have been the main feature so long, a lot of investors are blown away to find there is a flip side to stock picking, market timing and more fast paced, exciting methods.

I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help build my business credit for Rapid Recovery Solution, my Collection Agency. I have paid more then the minimum every month, on time. Three months ago I noticed that my interest rate seemed a little high. No where on my statement did it say the actual interest rate so I called the company. After 10 min or so I get a live rep on the line and they tell me it is 36.1%. Are they kidding, this must be a mistake. I have over a 750 score and never missed a payment. They said they sent me a notice in Aug that they are doing this due to a change in there lending methods. It turns out this is the second time this year they did this. I went from 8.99% in Jan 08 to 18.99 in Feb 08 to 36.1% in Aug 08.

Your credit score. It could be your worst nightmare, or a dream come true. But most of the time it’s kind of like that nosy mother in law coming to stay at your house for a few days. You know that she is coming to stay, and you are not looking forward to it, but you are too nervous to ask or even consider how long she might be paying you that visit. OK, so that analogy wasn’t that great. But anyway, read on to see just how long negative marks will stay on your credit history.

In parts one and two of my primer course on stocks, I let you know that the stock of a business represents the original amount of money that went into founding it. Businesses divide stocks into shares, and each share represents a fraction of ownership. I wrote about shareholders, who are people that own one or more shares of stock in a joint stock company and “share ownership” of the company. I told you that they have special privileges depending on the class of stock they own, and that they will use their shares as votes in the election of members of the board of directors of the company.