If you're struggling to stay current on a mortgage, it's a good idea to contact your New Jersey lender right away. Doing so may prevent you from defaulting on the loan. However, if a default is unavoidable, it is important to understand the negative consequences that...
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Release from every debt is not always possible
If you're among many in New Jersey who have been wading through some rough financial waters, you may be trying to focus on the future, more specifically, what options are available to help you rebuild your finances and restore financial stability in the weeks and...
What are the basic filing fees for Chapter 7 and Chapter 13?
If you have reached the point that you cannot afford your expenses and have mountains of debt continuing to pile up, you may feel as if you have no way out. You may consider bankruptcy, but you may have concerns regarding the costs associated with filing a petition...
How do you know if you are experiencing creditor harassment?
If you find yourself dealing with overwhelming debt, you know how this situation can affect multiple areas of your life. One frustrating aspect of owing a significant amount of debt is the phone calls and letters you may get from debt collectors. Creditors have the...
Chapter 7 or Chapter 13: Which option fits your needs?
It doesn't take much to throw a proverbial financial train off its tracks. Financial stability is often fragile, dependent on many factors that may fluctuate in negative or positive directions, sometimes without warning. While it's always nice to receive an unexpected...
Would you qualify for Chapter 13 bankruptcy?
If you are currently experiencing financial problems, you definitely aren't the only one in New Jersey thrown off course. Whether treating credit like cash was a main factor or you experienced unexpected medical expenses or job loss, it's not uncommon for minor...
New rules bring hope to those struggling with medical debt
Although your struggle with unpaid debt may feel like a lonely road to walk, you are not alone. In fact, if the main reason for your credit problems is unpaid medical debt, you are one of about 43 million in New Jersey and across the country. The Consumer Financial...
What should I expect from the bankruptcy means test?
Dealing with overwhelming debt is unpleasant, and it can bring a host of serious consequences to your life. From calls from creditors to possibly losing your belongings to repossession, you probably want to find a way to make it all stop and deal with your debt once...
Hiding a vehicle likely will not prevent repossession
When you purchased your new vehicle, you may have been in a stable financial spot and felt that you could handle the payments. However, after a sudden setback — or multiple setbacks — you may have found yourself in dire financial straits. As a result, your car loan...
What is the best way for you to handle your medical debt?
After needing medical attention, you may feel relieved to know that the issue will no longer bother you or that you at least know the steps you need to take to ensure that you can address your condition properly. However, that relief may prove short lived when you...