Finance Questions

Archive for the ‘Finance Answers’ Category

Question: Ashworth or Penn Foster for online Finance Degree?

I decided to enroll in either Penn Foster or Ashworth online college. Does anybody has any experience wiht their finance or accounting degree? I hear Ashworth has a very good online student community - what about Penn Foster? I want to study at my own pace but still be able to hook up with fellow online students. The finance or accounting program would be mainly for my own enrichment - What sounds better? Degree from Penn Foster or Ashworth?
I have been doing research for almost a year. I could not find any other self paced college for around $ 4000 total for degree I want. Some college offer distance degrees but you have to work at their timeframe and be in online classes at certain times. That won't work with me. Just not sure if I make the right decision. I am not taking classes to get a job in the field. I would like to manage my own finances better, my small business and my taxes. Thanks for your input

Answer: I don't know about Ashworth but Penn Foster is one I am enrolled in now and let me tell you I have gone thru half of my books now and am just now actually getting started on the books that relate to medical transcription. If I could do it over again I would have gone with someone else.

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Question: Legal advice on Car Finance?

Me and my wife have a vauxhall astra with outstanding finance. The car is registered in my name but the finance on the car is in a family members name. we pay the finance monthly but it is all in the other family members name. This family member is now filing for bankruptcy and I would like to know where I now stand with the car. Am I set to lose the car because the finance is in another name or will it be safe because it is registered in my name. Answers very much appreciated. Thanks

Answer: Registration and ownership are entirely different matters.

Registering the vehicle means only that you've satisfied the regulatory requirements the vehicle must meet to be driven on public roads.

You have absolutely no standing with respect to ownership; and having filed for bankruptcy, your family member may no longer either. Depending upon the resolution of the bankruptcy and the trustee's determination of the disposition of assets, the vehicle may be forced for sale to recoup any equity to pay creditors, especially if the vehicle is not that family member's primary source of transportation used to transport him/her to his livelihood. Furthermore, if your family member has negative equity ini the vehicle (owes more than it's worth) the bankruptcy administrator may require abandoning the loan and relinquishing the vehicle to the lender, though most bankruptcies provide some vehicle for "assuming" past obligations and carrying them forward, although there would be no future opportunity to discharge the debt.

You may be able to work with your family member and the bankruptcy administrator to retain ownership of the vehicle by either paying the administrator any equity that's accrued or by assuming responsibility for any balance due. Otherwise, your continued use of the vehicle will be entirely dependent upon the bankruptcy's outcome.

Best of luck. I hope this helps.

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