Articles Posted in Debt Relief

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…

Some high-income individuals prefer to find an alternative to filing bankruptcy as a means of simplifying their debt obligations. Their preference is often rooted in their fear of losing assets or simply wanting to avoid the time commitments of reorganizing in bankruptcy. Debt settlement provides an advantage in those respects compared to bankruptcy. That’s because…

A major factor to consider when filing bankruptcy is timing. Even after a Sacramento-area consumer has decided that she will definitely file bankruptcy, in many cases the timing can be crucial. Often, a debtor has little choice but to file as soon as possible. Swift action may be necessary to ward off a repossession, eviction,…

One of the most common reasons people file bankruptcy is to get a fresh start on their finances. The problem is that there are some very serious consumer reporting failures in recent years that prevent debtors from gaining the full benefits of a discharge. Creditors often fail to report an updated status for discharged accounts…

There are many reasons that folks in the Sacramento area file for bankruptcy protection. From divorce to medical expenses, tough (but common) life events are often the primary cause of bankruptcy. It is important to realize that these problems happen to many, many people. While feelings of shame are valid and come from a place…

It’s tax season. Many folks in the Sacramento area have already filed their tax returns, but there are still a lot of people who will be filing their taxes over the next 10 days. One question that often comes up in the context of bankruptcy is whether all that discharged debt is taxable as “gross…

Collection companies for credit cards and pay-day loans may not put debtors in jail for simply failing behind on their payments. Yet ruthless debt collectors sometimes threaten debtors during phone calls to scare them into paying off the debt early. The best move for consumers when being harassed like this is to seek the advice…

One of the most common reasons people file bankruptcy is to get a “fresh start.” But for many folks, that fresh start is hard to come by because of credit report errors. Creditors often fail to report an updated status for discharged accounts or continue to report their pre-discharge status and balance. Such creditor conduct…