If you’re dealing with creditors demanding payments at a time when you can’t pay, you may eventually face legal action for those accounts. That may lead to you ending up with a wage garnishment, which means that money is withheld from either your bank account or...
Getting a car loan is how many people can afford to have their own transportation. Yet not everyone has a good enough credit history to secure that loan on their own. Many of those who would otherwise be turned down for credit ask a family member or close friend to...
New Jersey homeowners who have missed mortgage payments are often anxious about their financial circumstances. They do not want to lose their homes to foreclosure. For most people who fall behind on mortgage payments for their primary residences, four back-to-back...
Credit card debt is a leading cause of financial strain in the United States. The fact is that life happens, and unexpected medical bills, car repairs or gaps between paychecks can leave even the most careful budgeter relying on credit cards to get by. Anyone who...
Most people understandably don’t want to file for bankruptcy unless it’s the only way to escape their overwhelming debt. However, when weighing the pros and cons of bankruptcy, it’s important not to fear things that likely won’t happen. For example, many people...
Many people feel embarrassment around filing for bankruptcy. If they do file, they may still try to limit who finds out. Even close family members or longtime friends may never know that they took this step. If you are considering bankruptcy and are reluctant for...
Receiving tax refunds can be a relief, especially when you need a financial boost to cover home expenses. However, if you are considering filing for bankruptcy, doing so while expecting or holding a refund can be a timing minefield. Here are five common mistakes you...
When debts pile up and creditors start calling, many homeowners consider borrowing against their property’s equity to consolidate their bills and get them back under control. After all, if you have the equity, why not tap into it? Unfortunately, that may be the wrong...
When someone files for bankruptcy, they may realize that they have a lot of credit card debt. Many people try to stay away from using credit cards after bankruptcy. They are worried about getting into debt again, knowing that high interest rates can create a debt...
Creditors frustrated by payment defaults and other debt collection challenges may file lawsuits against those people who owe them money. A successful creditor lawsuit can result in wage garnishment. Creditors can intercept a portion of a debtor's wages until they pay...
