You Deserve A Fresh Start
Knowing when, or if, to file for bankruptcy is a tricky and highly emotional decision. Even if it’s through no fault of your own, bankruptcy seems like running into a brick wall of failure. Logically, you know bankruptcy is common, especially in the era we live in,...
Did you know that your debt might make you ill? The link between debt and psychological health is widely known, but it can also affect your physical health as well. No one ever expects to end up in debt, but it happens to those from all walks of life, from the poor to...
Filing for bankruptcy is a big decision. If you have a lot of debt and cannot manage it, it may be a smart solution to help you achieve secure financial footing again. However, it’s important to know as much as possible about it before filing. This includes how it...
Bankruptcy will take a heavy toll on your credit score, at least initially. Most people report a three-digit drop in their credit score after filing, even if they remove a large collection of credit blemishes and replace them with one major negative mark commemorating...
Besides throwing your finances off balance, wage garnishment can also put you in an embarrassing situation. Depending on the terms of your employment, wage garnishment can also strain your relationship with your employer. If creditors are threatening to garnish your...
If you’re potentially facing foreclosure, you may be searching for different solutions. You would ideally like to get caught up on your mortgage and be able to keep your home. You just don’t know if it’s possible. One potential option is to file for bankruptcy. When...
U.S. residents cite many reasons for avoiding or putting off a chapter 7 or 13 bankruptcy. Examples include: They think it will worsen their circumstances They feel ashamed of their debt They still believe they will overcome their debt Bankruptcy costs too much...
When you start using a credit card, you're not necessarily creating financial problems for yourself. Many people use their credit cards every month, running most of their purchases through these cards. Things like mortgages often can't be paid on a credit card, but...
Americans who feel overwhelmed by student loan debt have had some cause for optimism as members of Congress and the Biden Administration have talked about various student loan “forgiveness” plans. However, the Century Foundation notes that Parent PLUS loans don’t seem...
When you miss a payment or send it in a couple of days late, your lenders profit from your mistakes. They will charge you fees, which sometimes lead to additional fees. An account very close to its maximum account balance could go over due to interest charges and a...
