Category: Debt
Filing for bankruptcy is a stressful financial decision, and it can be confusing to determine which type of bankruptcy is best for your situation. Based on your circumstance, filing for the right type of bankruptcy can help you get back on your feet financially. By familiarizing yourself with …
The decision of whether you should file for bankruptcy is daunting. It is understandable to feel anxiety and uncertainty about your circumstance. Filing bankruptcy is a lofty decision with consequences, but it can be an important step towards gaining financial control. If you have become overwhelmed by debt …
Here’s some good news if you’re struggling with debt: As time passes, your old bills can lose some of their power to hurt you. This is true, in part, because of your state’s statute of limitations laws. Let’s learn more. Table of Contents: Statute of Limitations vs. Credit …
Purchasing a home is one of the most exciting events in life, a benchmark moment that often comes as the result of years of hard work and determination. As you sign the closing papers on this momentous day, chances are you aren’t thinking about the possibility of giving …
If you get too deep in debt, your income collapses, or you experience a major life crisis, you may need to consider bankruptcy. It’s a difficult process, but it may be completely necessary if you see no way out of your current debt problems. There will be credit …
A debt settlement offer to pay off a credit card with less money than what you owe can seem like a gift. Settling a $6,000 credit card bill for $4,000, for example, leaves you with $2,000 in debt that you don’t have to pay. Instead of being in …
Having too many debts can be overwhelming. Which do you pay first? Does it matter? Should you pay the creditor that screams the loudest first? Not necessarily. What Debt Should I Pay Off First? While Dave Ramsey’s debt snowball suggests listing your debts from smallest to largest and …
The average indebted household that doesn’t pay credit cards in full each month carries $8,683 in credit card debt. Eventually, that debt affects the card members’ credit scores. A credit score impacts the ability to borrow money, leading to higher interest rates, bigger down payment requirements and possibly …
Debts from student loans, credit cards, healthcare, mortgages, auto loans and other daily bills of life can add up. Sometimes a debt collector may be called to ask you for the money owed. Negotiating a settlement with a collection agency can help you solve that problem if your …
When trying to pay off debt, it can help to have a plan. Instead of paying credit cards, car loans, medical bills, and other debts in random amounts each month or splitting your total payment evenly toward them, a plan such as a “debt snowball” can encourage you …
