Receiving notice a credit card or mortgage payment has been rejected because of insufficient funds is a scary experience. It calls attention to your financial struggles and reminds you that everything is not OK, financially speaking, even if you have been trying to ignore the problem. Things are even scarier when you weren’t fully expecting […]
What is a Bankruptcy Auction? You hear about them all the time – auctions that allow people to bid on items like homes, cars, and other valuables, and get them at rock bottom prices after they are seized from their original owners. Bankruptcy auctions are a great way to get a bargain, but they can […]
Responsibilities of a Co-signer Many people with low credit scores who find getting a loan difficult are sometimes able to borrow money if they have a co-signer. There are responsibilities of a co-signer that they should be aware of. Co-signers accept legal liability for a loan. They essentially vouch for the person applying for the […]
Divorce is tough no matter your circumstances. However,t the process is even tougher if you are fighting over or struggling with finances. There are several important financial decisions you will need to make once you decide to end your marriage, and protecting yourself financially should be one of your most important priorities. What Can You […]
Private Student Loan The majority of college students who borrow money to pay tuition opt for government loans because they are easy to get, have reasonable interest rates, and are the first suggested by schools and guidance counselors. However, they are not the only option. It is possible to secure a private education loan to […]
The IRS uses bank levies as a tool to collect tax payments. If you owe tax money and you are unable to or choose not to pay it, the IRS has the power to take it directly from your bank account. Having a bank levy is something that can leave you feeling powerless and in […]
Millions of Americans are living beyond their means, but many have no idea their financial situation is as bleak as it is. For some, things will turn around before they reach the crisis point. Perhaps they are saddled with student loan payments or they are in the midst of a job change. Unfortunately for some, […]
Many debt collectors behave professionally and work within the letter of the law to collect debts owed to their clients or their own companies. Unfortunately, there are also those that behave unscrupulously and mistreat consumers, sometimes to the point of breaking the law. Whether you have been approached by an above board debt collector or […]
Zombie debt is old debt that “comes back to life.” In the world of money lending, debts are often sold to other financial institutions and when an old debt is sold to a new debt collector, that debt collector sometimes tries to revive it by intimidating the borrower into paying. The key to surviving zombie […]
Using bankruptcy successfully is about more than just “wiping out” your debt. It requires a change in your spending habits and your overall approach to money. If you file for bankruptcy and return to your previous spending habits within a year or two, it won’t be long until you are in the same dire financial […]
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