Debt is a reality for many people, either due to miscalculation or unforeseen circumstances they couldn’t anticipate. Responsible debt collection is a legitimate practice used by lenders to acquire what they are owed. However, there are times when debt collectors can...
Month: December 2024
How do car repossessions happen to those grappling with debt?
For many individuals, a car is far more than just a convenience. It is a necessity—a means to commute to work, run errands and manage daily life. Unfortunately, for those grappling with debt, the prospect of losing such an essential asset is real. Losing one’s way to...
Common misconceptions about credit card debt
Millions of people in the U.S. rely on credit cards. They can be a useful tool when emergency expenses come up. Nonetheless, the debt accrued on credit cards must be paid back, often with significant interest. Credit cards are a common source of debt and they can...
How to prepare for filing bankruptcy
When considering the benefits of bankruptcy, having a solid preparation plan can make all the difference. Working with a seasoned bankruptcy attorney helps you explore all debt relief options and determine whether Chapter 7 or Chapter 13 is your best path forward....
How does an automatic stay protect you from creditor harassment?
Dealing with overwhelming debt can be incredibly stressful. You may find yourself constantly bombarded by calls and letters from creditors and collection agencies. This harassment adds to the pressure of an already challenging situation. Filing for bankruptcy can...