What Happens If You Don’t Qualify for Chapter 7 Bankruptcy?
Filing for bankruptcy is supposed to give you a fresh start—a financial do-over after facing financial hardship. The challenge is that the law prevents many working people from receiving relief through Chapter 7, allowing for the discharge of most unsecured debts without repaying creditors. While anyone can file Chapter 7, ...
Top Reasons People File Bankruptcy
Life is filled with unexpected twists and turns. Yet sometimes, those turns result in a financial crisis that leaves you with few options outside of bankruptcy. When you face a financial dilemma and cannot pay your bills, bankruptcy may be available to provide the financial reset you need. Below are ...
Is Debt Settlement Really Worth It?
Debt settlement gets a bad rap because creditors want you to repay the total amount owed, and creditors largely control the public conversation. When you enter a debt settlement program,you begin to understand that creditors may not have as much power as you once thought. The truth is lenders with ...
5 Myths About Debt Settlement That Could Cost You Money
Achieving relief through debt settlement can eliminate bills from high-interest accounts within a few years. While it is not a “get out of debt without paying creditors” card, it is a legal and legitimate way to alter the terms of a contract when your financial circumstances change. Unfortunately, a lot ...
5 Myths About Debt Consolidation That Could Cost You Money
Are you exhausted from making minimum payments on credit card debt, month after month, watching the balance barely move? Are you looking for a way to pay off high-interest accounts without ruining your credit? Debt consolidation is a popular way to deal with credit cards and other unsecured bills. However, ...
What Happens When You Ignore DebtCollectors?
Loans create a legally binding contract between you and the lender. When you miss payments, you are in breach of that contract. The contract details the actions a creditor may take and gives the lender specific rights and means to recover the amount owed. When you do not pay a ...
What Can a Credit Counselor Do?
Struggling with debt, here is the miracle you have been looking for…. We want miracles to solve problems. An easy and painless route to redeem us. One drug that will alleviate every ailment and one financial solution will eliminate all our money problems. Credit counseling is often pitched as the ...
The Truth About Credit Counseling
Millions of people struggle with too much debt and are seeking relief. A way to lower monthly payments so you can afford to pay the rest of your bills. Then there is the long-term impact of owing more than you can afford. You resort to paying the minimum amount due ...
How to Handle Debt Collectors
Daily calls from bill collectors, threats of legal action, and calls to family and friends cause stress and anxiety. You think to yourself, “If I had the money, I’d pay it. The reason I’m avoiding debt collection calls is that I don’t have the money.” When an account becomes delinquent, ...
5 Myths About Debt Collections That Could Cost You Money
You never imagined you would fall behind on your bills. After all, you are a responsible adult. You go to work, care for your family, and take responsibility for things when they go wrong. Yet here you are at the receiving end of debt collectionefforts,and you don’t know how to ...
