Articles Posted in Debt Relief

This seems like an odd question for individuals who are thinking about bankruptcy, but it’s more common that you think. The truth is, people that file bankruptcy are not typically financially reckless, but regular people, just like you, who have fallen on hard times. A job loss, expensive medical injury or illness, divorce, or sometimes…

When filing bankruptcy, the main objective is to obtain relief from debt, get back on a firm financial foundation, and repair broken credit. By simply completing a bankruptcy plan successfully, you will often times see an increase in your credit. There are some very methodical things you can do to continue the credit rebuilding process…

When asking a Sacramento bankruptcy lawyer or professional credit counselors if payday loans are a good idea the majority of them will tell you no…payday loans are a bad idea. The principle isn’t such a bad thing, just the practice: you usually get stuck in a repetitive cycle of extremely high interest rates and fees…

The Fair Debt Collection Practices Act or FDCPA is a set of laws that gives legal protection for debtors against abusive debt collection tactics by creditors. In essence, this amendment was enacted to ensure fair debt collection. But how does this benefit the average person who has debts? There are a number of rules that…

Dealing with Debt Collectors Under the Federal Fair Debt Collection Practices Act (FDCPA), it is illegal for creditors to utilize threatening, offensive, and intimidating behavior against a debtor. If you have been feeling unsettled by the tactics taken by a debt collector, you have a right to make a formal complaint. For the most part,…

Debt collectors. Collection agencies. Debt buyers. These are just different names for large companies that exist solely for the purpose of collecting on consumer debt. Debt buyers are large companies that specifically deal in the buying and selling of billions of dollars of consumer debt. There is a whole market of credit card companies, hospitals,…

Living under the burden of too much debt is hard enough without the constant phone calls from debt collectors. When a consumer files for bankruptcy protection under the Bankruptcy Code, the “automatic stay” goes into effect and creditors must stop making harassing phone calls. The automatic stay is a court order that stops all collection…

Debt consolidation may sound like a great idea. Especially when the debt load just seems insurmountable because there are too many different accounts to remember to pay the minimum payments every month. The problem is that many debt consolidation programs have serious drawbacks. Bankruptcy is often a much better decision in the long-term. The following…

When a consumer in Sacramento makes the decision to explore the option of bankruptcy, there are many considerations to take into account. One of the major ones is finding the right attorney with depth of experience in local bankruptcy courts. But another major consideration is how the consumer’s credit report will be affected before, during…

Many folks in the Sacramento area, from Grass Valley to Citrus Heights, are finding themselves in a downward debt spiral. This can be difficult, if not impossible, to fix without help because debt often leads to more debt which leads to more debt, and so on. That is why so many people are finding the…