Despite its negative reputation, filing for bankruptcy can be extremely helpful for those struggling with serious debt. If you’re having financial troubles, here are a few signs that bankruptcy may be the best solution.
Posted on March 14, 2017
Every day, people across the U.S. are bombarded with messages about how to repay debt. In this article we will discuss some of the reasons these options may be,” too good to be true.”
Posted on December 23, 2016
The idea is great, ask a debt collector for proof you owe a debt and if they cannot produce it, you do not have to pay. However, the reality of using this tactic may yield very different results.
Posted on December 23, 2016
Some of you might be rejoicing a bit because of news that the chief credit scoring outfit, FICO, is changing its rules about how it scores debtors. The main change is that the new system will draw a distinction between medical debt and regular debt. The other big change is the new system will disregard medical collection accounts if they are paid or settled.
Posted on December 23, 2016
Last week, FICO, the nation's top credit score provider, announced upcoming changes to the way some debts impact your credit score. This could be good news for thousands of people, if lenders adopt this new model.
Posted on December 23, 2016
For years many financial experts have been warning against using “debt settlement” strategies to battle high credit card debts. According to a June 2014 report from the Center for Responsible Lending, despite changes in federal and state laws, the warnings will continue.
Posted on December 23, 2016
Your financial difficulties could already be severe enough that you are tempted to accept the first solution that comes along. However, there are pros and cons to bankruptcy, debt consolidation, debt settlement and most debt repayment options. It is important to talk to someone who knows the ins and...
Posted on December 23, 2016
Washington, DC – Sequestration is now in place, and along with it came a good amount of uncertainty, causing many Americans to wonder how they will be impacted. By some estimates, more than one million employees of federal agencies may receive furlough notices. Some workers are not adequately prepared to...
Posted on December 23, 2016
I received a call last week from a woman in a panic because she had settled a broken lease and was now being sued for the remainder of the debt. With many people feeling the financial pinch now, it is easy for to be convinced to settle debts. After...
Posted on December 23, 2016