The belief that it is better to have it now and pay for it later leads millions of Americans to buy things they can’t afford, only to leave themselves crippled with debt. There is a saying that unsecured debt is a perpetual cycle of debt. Otherwise known as the “credit card trap”, many people find…
Continue reading ›The end of another turbulent economic year brings record levels of debt burdens and difficulties earning an income. The start of a new year presents an opportunity for many Americans to learn from past mistakes and set goals to improve in the upcoming months. Here are a few strategies for boosting your budgeting and financial…
Continue reading ›Many people seeking debt relief turn to the internet for a quick search of debt relief solutions. Often, people are guided towards various debt management and debt settlement options that may not be the best option for their financial situation. Although some people readily seek bankruptcy, many other people may hesitate to seek bankruptcy relief…
Continue reading ›If you have ever experienced problems with debt or are currently seeking debt relief, you may have heard of credit counseling. Credit counseling is a low cost service provided to you by a non-profit or government agency to help understand some of the options for getting out of debt. Credit counseling companies can help you…
Continue reading ›Wage garnishment is legal order in which your employer is required to deduct money from your salary and wages to be paid to a creditor. Wage garnishment orders can demand portions of your paycheck for resolving debts like spousal/child support, student loan debts or payments to credit card companies. However, for most debts garnishment can…
Continue reading ›The supply of holiday-related items and gifts is expected to be at its lowest in over a decade this season. While supply-chain officials work to alleviate the back log of goods stuck in the shipping ports, many people are bracing for added costs to their typical holiday items. Many consumers are beginning to report record…
Continue reading ›Many people are scrambling to buy gifts for loved ones this holiday season as a backlog of shipping containers at the ports threatens delivery before end of December deadlines. Although most people worry they won’t receive their items in time, many others are also concerned about the possibility of high prices for those items. Costs…
Continue reading ›For most people, a mortgage is linked to their most expensive asset; and debt. If the debts owed on your home become too high of a financial burden to bear, you have a short window to seek help for your missed payments before losing the home. Foreclosures 101 Foreclosure is a legal process by which…
Continue reading ›A debt discharge in bankruptcy will free you from the liability over the debt going forward. There are certain types of debt that are not eligible for a debt discharge in bankruptcy unless the debt is resolved, such as recent federal taxes, some student loans, and secured debts where the collateral is not being surrendered.…
Continue reading ›Many people have questions about how the debt discharge works in bankruptcy. A debt discharge is the ruling of the court declaring your debt ineligible for collection and discharged from your liability of payment. In other words, when a debt has been discharged you are no long legally liable for repaying the debt. However, there…
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