Bankruptcy might be the most valuable tool you have at your disposal if you are struggling with money, but because there are so many bankruptcy myths out there, many debtors don’t bother filing. There are few areas of law around which there are more mistruths and because of this, many people never even consider whether […]
Filing Bankruptcy in the Military Military members and their families are often required to move from location to location. They put their lives on hold during their or their loved one’s military service. For some, this means facing financial challenges that might not exist otherwise. Even if those money problems did exist otherwise, the challenges […]
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 […]
Mortgage is a stressful experience. Unfortunately for some, it is unavoidable. Knowing what not to do during this time can make things a bit easier and make the other side of foreclosure a bit brighter. What shouldn’t you do during foreclosure? Assume the Time to Negotiate Has Passed If the foreclosure procedure has not yet […]
If you are carrying a heavy debt load, either with one or multiple creditors, installment payments might be tempting. Many debts that are not in collections are paid through installments. You pay a portion of the debt at a time, usually one time per month, in exchange for paying more overall as interest is applied […]
Victim of Predatory Lending It used to be when a person needed a loan, he or she visited the bank, discussed terms, and either received or did not receive the money, based on the discretion of the banker. When people realized there was money in lending, it became big business. This enabled many who were […]
There was a time when falling behind on debts and not paying creditors could land a person in jail. Nowadays, debts can still be stressful, but nobody goes to jail because they fail to pay a credit card bill. Or do they…? America has abolished debtor’s prison and creditors now have a limited number of […]
Have you received a notification that you owe the IRS money? This letter can be one of the most frightening you ever receive as an American citizen, and unfortunately, many people choose to deal with their fear by ignoring the problem and hoping it goes away. It won’t. The IRS will continue to seek payment […]
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