Being in debt is a frustrating experience on its own, but when you throw in the constant harassment of creditors, it can make a bad situation even worse. In many cases, people quietly put up with creditor harassment and assume they are helpless against it. The fact is that there are some things you can do to reduce the calls…Read More
If you are behind on your bills, there’s a good chance that you may receive phone calls from creditors who hope to collect payments. While they may do everything they can to get you to pay, the Fair Debt Collections Practices Act (FDCPA) prohibits them from using deceptive, unfair, or misleading practices when attempting to collect a debt. Debt collectors…Read More
Your credit affects where you live, how much you pay, what you drive, your job search, and your ability to start a business. A bad credit score could mean higher mortgage payments, job denials, and limited options—which is why you should check your credit score every year. Unfortunately, you may not always get what you’re looking for. According to a…Read More
Depending on your business situation, you’ll have one of two options: either be forced to liquidate your business or have the chance to continue running it. Many different factors, such as whether you’re the sole proprietor or if your business is losing money, play a role in what will ultimately happen. When Will You Be Forced To Liquidate Your Business?…Read More
Many people worry about losing all of their possessions when they file for bankruptcy, but that’s rarely the case. Exemption laws may allow you to keep your home, automobile and other assets, all depending on the state you live in. If you are able to keep something like your car through a bankruptcy, does that mean you should? Below we…Read More
Typically, when you’re looking to discharge the majority, if not all of your debt, you look towards Chapter 7 bankruptcy. Unlike Chapter 13, in which you can set up a repayment plan, Chapter 7 allows you to wipe out your debt. Before filing for bankruptcy, it’s important to know what kinds of debt can be discharged. Debts that can be…Read More
Exploring the possibility of filing for bankruptcy can be a path filled with worry and hesitation, especially when it comes to the aspect of credit. Will your credit score be ruined forever? Does it mean you won’t be able to get a loan? How will it affect your future? How Bankruptcy Will Affect Your Score There is no sugarcoating the…Read More
A common misconception is that the only reason to file for bankruptcy is if you’re behind on your payments. This is simply not the case. Although you may be current on your payments now, anticipated circumstances such as divorce, job loss or medical expenses may render you unable to make payments in the future. Instead of it being a last…Read More
A heavy tax bill can hit you like a freight train, but unlike rail transport, there’s simply no dodging the IRS. Once April rolls around, you have to either pay your taxes or face the consequences, which can be really steep penalties. A tough situation like this may force you to resort to your credit card. The IRS accepts credit…Read More
Many individuals consider consolidation when facing overwhelming debt. At first, in can seem like an appealing way to put an end to creditor harassment, maxed out credit cards, and the like. However, for as many “pluses” as consolidation seems to offer, there are just as many – if not more – drawbacks. Before you agree to a debt consolidation plan,…Read More
