Category Archives: Debt Relief
Struggling financially Leave your retirement assets alone
When many people are suffering from debt problems, they look towards their other assets as a means of paying off their debts. One of the most significant sources of funds that many people have is their retirement account. Since they may not be using the funds at the moment, many people reason that it… Read More »
The treatment of secured and unsecured debts in bankruptcy
If you are having financial problems, you may be considering bankruptcy, but would like to know what would happen to your debts after the process has been completed. In general, this depends on the types of debts that you have-whether they are secured or unsecured. In bankruptcy, each type of debt meets a different… Read More »
South Florida continues to struggle with foreclosures
According to the most recent data, areas of South Florida are still feeling some aftershocks from the recession of 2008. According to data released by RealtyTrac, one out of every 87 homes in Miami-Date, Palm Beach and Broward counties is in foreclosure, making the area the sixth highest foreclosure rate of all major metro… Read More »
Does notice of a garnishment hearing put an end to your options?
As you struggle with the ever mounting debt that has accumulated in your financial life, it may seem at times as if you can physically feel the pull of your debts. Outstanding balances may lead to considerable stress, and though you undoubtedly want to get your financial affairs in order, you may have little… Read More »
Many consumers still have debt in collections
Much has been made lately about the state of the economy, how more people are back to work and unemployment claims are down. Despite this good news, it appears that the number of consumers with past due debt in collections is still a problem. According to a study by the Urban Institute, 35 percent… Read More »
After a bankruptcy, is buying a home a possibility?
People who file for bankruptcy are often concerned about the implications for their future, and many want to know whether they will ever again be able to secure a home loan. While a bankruptcy does damage your credit score, which is a major part of your application for a mortgage, filing for personal bankruptcy… Read More »
Will debt collectors look for you on Facebook?
Social media has become such an indispensible part of our society that major retailers have active and robust presences on Facebook, Twitter and even Instagram. It is not surprising to get texts from retailers reminding us about sales or alerting us to special offers. Further, it is not uncommon for them to ask you… Read More »
Can I use a credit card to pay for my bankruptcy legal fees?
Filing bankruptcy represents a fresh start, wiping out or reorganizing long-overdue debts. High-interest credit card balances are the most common and burdensome for those struggling to make ends meet. Selecting the right lawyer should represent a first step towards a solution, not a continuation of the problems that plagued you for years. In discussions… Read More »
Are you eligible to have your federal student loans forgiven?
One of the toughest lessons college students today learn is that education doesn’t come cheap. In fact, the degree you pursued may be costing you money you don’t have, and won’t have for decades. Student loan debt is one of the most common types of debt people in the U.S. carry. Unfortunately, it is… Read More »
When do collection efforts become abusive?
If you are struggling with debt, the last people you likely want to speak with are debt collectors. Unfortunately, you may not be able to avoid these interactions unless and until you take steps to resolve debt issues. However, you should be aware that even though they can seem relentless and aggressive, debt collection… Read More »