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A loan workout plan presents the borrower with an opportunity to repay a debt and avoid default. Loan workouts are an option once a borrower has decided he or she cannot repay the debt according to the original terms. Loan workouts can be refinancing opportunities, but they are usually a mix of multiple strategies to reduce a debt.

Default Avoidance

In the case of an unsecured loan, meaning that there is no collateral at stake, a loan workout usually involves some type of refinancing to a payment plan that represents only part of the remaining owed sum.

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On Earth Day, much press is given to all the altruistic reasons we should watch our energy consumption and carbon footprints.  From those baby polar bears stranded on icecaps to visions of our grandchildrens grandchildren living on the Atlantic Coast of Montana, the unselfish reasons for going green, so to speak, abound.

Reality check: greening up your home does not have to be a pious experience, or a lifestyle downgrade. You dont need to cut back on showers or go all Birkenstock, all the time. (Although, hey I went to Berkeley. Ive got nothing against the occasional sporting of the stocks.)

In fact, Ive realized over the last few years that there are some rather fabulous, somewhat selfish perks to making green changes to your home and your lifestyle.  

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The IRS is warning taxpayers to watch out for people promoting a tax refund or nonexistent stimulus payment based on the American Opportunity Tax Credit. This credit is available to taxpayers who have qualified college expenses, but promoters of the new scheme claim they can get a refund based on the credit even for people who aren’t enrolled in or paying for college.

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Scam artists are targeting senior citizens, members of church congregations and people who have little or no income and normally aren’t required to file a return, according to the IRS.

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Aging baby boomers and their echo boomer children will significantly impact trends in the nation’s housing market over the next 20 years. In a new report released by the Bipartisan Policy Center, “Demographic Challenges and Opportunities for U.S. Housing Markets,” researchers at the National Association of Realtors, The Urban Institute, and the University of Southern California analyze key demographic trends and their likely influence on housing and homeownership in the U.S.

Over the next two decades, the aging baby boomer generation will swell the nation’s senior population by 30 million. That de

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When it comes to vehicle insurance costs, many drivers are already facing huge hikes due to the general soaring prices of car insurance. For many, the combination of high insurance costs and rocketing petrol prices is making it more and more difficult to keep their vehicles on the roads, which in turn impacts on other areas of their lives such as getting the kids to school, getting to work, etc.

A recent report has shown that uninsured drivers across the UK are simply adding to the premium misery that bona fide drivers with insurance cover are experiencing, with the average amount being added to car insurance policies because of uninsured drivers coming in at around £30.

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The economy has been heating up as much as the weather lately, but is it only another false spring?

We’ll forgive you if you harbor some doubts. In 2010, after the worst and longest recession since the 1930s, the economy grew at nearly a 4% rate through June, and it looked as if a self-sustaining recovery had begun. But growth slowed sharply in the second half of the year, and businesses shelved expansion plans. Similarly, in the spring of 2011, strong job numbers made it seem as if the economy was back on track. In February, March and April, employers added more than 200,000 jobs in each month, the first time that had happened since 2006.

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