Freedom Plus loans can range from about ten to forty thousand dollars. The interest rates can vary depending on your qualifications when you get approved for the loan. This can make for hefty monthly payments, and can also mean some of us are one unexpected expense away from not being able to make our Freedom […]
bankruptcy
Pros and Cons of Chapter 13 Bankruptcy
If you make more than your state’s median income and are looking to clear away high, unsustainable debts through bankruptcy, and you have too much disposable income to qualify for a Chapter 7 bankruptcy, a Chapter 13 bankruptcy may be a good option for you. With a Chapter 13 bankruptcy, your debts are reorganized and […]
Pros and Cons of Chapter 7 Bankruptcy
If your debts are unsustainable, and you have few assets, you may wish to clean the slate by filing for a Chapter 7 bankruptcy. Even those of us with assets we want to keep, such as your home or car, may find that it’s more suitable for their situation as well. As consumers, we will […]
Get Out of Debt Before it Gets Out of Control
If you’ve already read my first article, 5 Steps to Get Out of Financial Purgatory, you know that we’ve reached step #3 on the list. And, although, I am definitely not an expert on getting out of debt, life has taught me that you can’t wish it away or bury your head in the sand. […]
How to Interview and Find the Bankruptcy Attorney You’ll Hire
Not all bankruptcy attorneys are created equal. That is not shocking. The same could be said about finding help in any profession or job that requires expertise and training. That said, finding the right bankruptcy attorney for you is not something that should prove difficult for most of us. But there are some things I […]
How your credit card bills and credit reports can impact your spouse.
There are varying degrees of how your spouse can be impacted by your credit card bills. Because of the variables, much of my feedback in this area is going to be situational, and unique to each person and their goals. When you add in business credit card accounts, your situation can take a different turn […]
Dealing with Debt Collectors After Your Bankruptcy was Dismissed
Your chapter 13 bankruptcy filing will often create a stay on collection activity. It can take time from the date you file, to the date a workable repayment plan can be established and started. Even though your plan never got underway, that gap of time between filing and your chapter 13 being dismissed, can put […]
Why Banks and Collectors Don’t Seem to Care When You Threaten Bankruptcy
When you are in debt deep enough to consider negotiating lower balance pay off settlements as a means to avoid bankruptcy, it is likelier you are a good candidate to file chapter 7. Filing chapter 7 bankruptcy means discharging your debts legally through the court. And, unless you have nonexempt assets in excess of what your […]
Will Chapter 13 bankruptcy reduce consent judgment payment?
When you consent to a judgment you generally waive any defenses you could have used. You made payments as agreed, until you couldn’t, and are now stuck with what you have… an aggressive creditor. Who was the judgment creditor/plaintiff? Who is the collection attorney/law firm handling this for them? How much was the judgment originally […]
How Bankruptcy, Payment Plans, and Debt Settlement Affects Your Credit
A common concern you may have when searching for the best way to get out of overwhelming debt is how it affects your credit score. What follows will help you understand credit score impacts that relate to the most common and legitimate debt solutions. This page will also help to dispel some myths that get […]