Tag Archives: debt management
What are the differences between Chapter 7 and Chapter 13 bankruptcy?
What are the differences between Chapter 7 and Chapter 13 bankruptcy? Many people who are facing foreclosure seek bankruptcy protection as a way to save their homes. For some people, however, knowing which chapter to choose can be confusing. By taking the time to understand the basic differences between Chapter 7 and Chapter 13,… Read More »
The bank has already started a foreclosure action against me. Is it too late to save my home?
The foreclosure process is a long, painful and brutal one. The home you have worked your entire life to own is at risk of being taken away from you. If you have received a so-called “breach letter,” you will know that the bank has initiated a formal foreclosure action against you. Many people wrongly… Read More »
Don’t get scammed by a phony loan modification provider
People who are facing foreclosure will do almost anything to save their homes. Sadly, there are numerous companies that prey on distressed homeowners and happily to take their money under the guise of helping them resolve their mortgage problems. It is important for you to understand that a vast majority of these companies have… Read More »
Overhauling the credit reporting system
Errors on your credit report can have a devastating effect on your life. They not only affect your ability to get a credit card, a loan or a mortgage, but they can also affect your ability to rent property, go to college and get a job. Disputing these errors, and getting your credit repaired,… Read More »
What is charged off debt and do I have to pay it?
One of the most common misconceptions about debt (or at least the payment of debt) has to do with the term “charge off.” Many consumers have received notifications or explanations that a debt may be charged off if it is not paid. This may lead some to believe that if they do not pay… Read More »
How federal laws protect consumers from creditor harassment
As someone with debt issues or significant debt, you are probably no stranger to constant calls and e-mails from creditors. Although debt collectors in many situations are allowed to contact you, there is sometimes a fine line between debt collection and creditor harassment. If you believe you are the victim of creditor harassment, consider… 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 »
Baby boomers shouldering more and more bad debt
Bankruptcy can happen to anyone. Regardless of your age or financial standing, a sudden injury or illness can quickly deplete hard-earned resources. Often referred to as a fresh start, a Chapter 7 or Chapter 13 filing represents a financial “do-over” for those feeling the crushing weight of money problems beyond their control. Baby boomers… Read More »
What are my options when dealing with student loan debt?
Though the economy is on a significant rebound since our last recession, many people are still struggling to find a place in the job market. Having the hardest time are recent graduates who are running into the old dilemma: employers want you to have 1-5 years of work experience for an entry-level job right… Read More »
What to expect if you are facing wage garnishment pt. 2
In our last post, we discussed what people can expect if their wages are garnished to pay off debts. In that post, we discussed the process and protections of wage garnishment as well as the fact that your employer will know about your money problems. We want to also note that it can often… Read More »