Debt Settlement vs. Bankruptcy

There’s some BIG differences between bankruptcy and debt settlement. Learn about those differences here and make an informed decision. A growing number of adults become credit card holders every year. Along with that distinction comes a growing number of people racking up giant credit card bills that they can’t pay off. This is obviously not […]

Debt Consolidation Loans – Your Ticket Out?

There’s a couple to different types of consolidation loans – learn which may fit your situation best. A debt consolidation loan is a new loan you obtain to pay off various debts you have. A debt consolidation loan is usually acquired from a private lender and qualification may depend on your credit score, income and […]

How To Stop Wage Garnishment

A wage garnishment can be a financially devastating issue. It stems from a debtor not being able to make good on a debt they owe and as a result the creditor pursues further action including lawsuits and wage garnishments. A wage garnishment is a legal directive that requires your employer to send a portion of […]

Is A Spouse Responsible For The Credit Card Debt Of The Other Spouse?

When one spouse holds an individual credit card account and runs up significant credit card debt, they may wonder how this will affect their spouse. In some cases, a husband or a wife will maintain a credit account on their own to keep a private account or to hide excess spending. Whatever the reason for […]

Dealing With the Downside of Bankruptcy

For some extreme cases of debt and financial instability, bankruptcy may end up being the only answer to one’s financial struggles. Credit repair is possible after bankruptcy but it certainly is not an easy task to rebound once bankruptcy has been filed. Bankruptcy is not an easy decision to make nor is it one that […]

How Bankruptcy Affects Future Job Opportunities

Filing for bankruptcy can have long and lasting negative effects which hinder your ability to reach life goals. Not only do you carry this blemish on your credit for up to ten years, other aspects of your life may be affected as well. This may be the case for individuals with a past bankruptcy who […]

Can My Creditors Really Take My Paycheck?

When you owe a creditor any money, you may be leaving yourself open to having your paycheck garnished as recourse for your owing a debt. The reality of the wage garnishment is that the law regarding a creditor’s rights to your paycheck is governed by the state you live in. Different states hold different laws […]

What You Should Know About Bankruptcy Court

The struggle with debt sometimes takes a turn down a dead-end street and as a last resort bankruptcy must be considered. In years past, people often used bankruptcy as a way to make a ‘clean slate’. In essence, it was an ‘easy’ way out for people with too much financial burdens. Now bankruptcy is a […]

Should I Choose Debt Settlement Over Bankruptcy?

The recent economic depression has pushed millions of people into a deep and dark financial hole. In their quest to get out of debt, people often resort to debt relief programs. Debt settlement and bankruptcy are two of the more popular programs, but people often get confused when it comes to choosing between the two. […]

The Bankruptcy Process: Stage 5 – The Do Over

In The Bankruptcy Process: Stage 4 – The Deliberation, we reviewed what your day in court would be like and some time lines for when things will occur. If your bankruptcy has been approved, you’ve officially been granted a “do over” – and this is where things get tough. Credit Report. It will take a […]