High prices on everything are a common woe among many Americans. In recent years, many families have seen their grocery bills double and have made sacrifices to make ends meet. With so many people already living paycheck-to-paycheck, you may wonder if more people are...
One of the many reasons that people avoid personal bankruptcy is concern about what it may mean for their credit. Their current financial struggles may have damaged their credit, but they worry that bankruptcy could do irreparable damage. Bankruptcy does have a strong...
If you've fallen behind on payments and racked up debt, you're probably all too familiar with the persistent calls and letters from debt collectors. As the harassment escalates, you may be tempted to stop answering and ignore them completely. However, ignoring your...
Student loans can feel like a dark cloud hanging over one’s head. For many graduates, the weight of monthly payments can be overwhelming, leading to the question: can bankruptcy be a way out? The good news is that it’s possible under limited circumstances, but there...
Even with the Affordable Care Act (ACA), which has helped many uninsured Americans get health insurance, medical debt is still the most common type of debt that goes into collection. It also shows up on credit reports, which can affect virtually every aspect of a...
There’s no question that times are a little bit rough right now between a job market that seems unstable and soaring inflation. It’s not unusual for homeowners to be feeling some financial strain when it comes to meeting their mortgage obligations. Is a mortgage...
Filing for bankruptcy is almost never a mark of shame. In reality, it's a legal tool designed to offer a fresh start to those facing overwhelming debt. Nevertheless, despite its benefits, many people tend to overlook bankruptcy due to the strong stigma traditionally...
People who file for bankruptcy know that doing so will negatively affect their credit for a time. Additionally, a personal bankruptcy filing leads to the closure of revolving lines of credit the same day that someone files. The average person's credit score takes a...
One of the most disheartening events for a person drowning in debt is dealing with collection attempts from their creditors. Some individuals may file for bankruptcy, which can provide financial relief. As part of the bankruptcy, the court issues an injunction known...
If you have debts you cannot pay, then there is a good chance that student loans make up part of your overall financial challenges. It’s true for vast numbers of people across the country. Traditionally, student loan debt was incredibly hard to discharge through...
