Bankruptcy is often the option of last resort. When people become overwhelmed by debt to the point they are drowning in financial obligations; sometimes bankruptcy may be the only viable solution.There are some common myths associated with filing for bankruptcy. Many...
If you plan to own a home in the future, the idea of going through a Chapter 7 bankruptcy now may seem absurd. Even though you're in debt, you don't want to totally ruin your credit score.Don't let the fear of being unable to get a mortgage get in the way of the...
Bankruptcy doesn't have to be the only answer when you're struggling with debt. There are many different ways that you can avoid bankruptcy, some of which you can start doing right away.While there are dozens of options, the four main ways to avoid bankruptcy include:...
When you get a call from the same number over and over again, you know that it is a collections agency. You've been behind on several bills, but you're also doing your best to catch up.At this point, you've been fortunate enough that a family member has offered you...
If you're struggling to afford your mortgage, something that you may want to discuss with your lender is seeking a mortgage modification. A mortgage modification changes your current home loan and lowers the monthly payment.Not everyone can get a mortgage...
Sometimes, small businesses can't keep up with the demand for their services. Other times, they struggle to make enough money to keep their doors open. Regardless of the reason for a small business's struggles, if the business can't stay profitable, the owner may want...
Right now, Americans are in debt at an amount of approximately $14.1 trillion, based on the 2019 Consumer Debt Study by Experian. That number is made up of debt from credit cards, student loans, auto loans and mortgages. On average, each American carries a personal...
You love your home, but you've really struggled to make payments on time. Your mortgage went up when your property values started to increase, and that increase in your mortgage took a toll on your budget. Where you used to pay $900 a month, you now have to try to...
You have always been good with your money, but when you lost your job during the recent economic downturn, you were suddenly put in a frustrating, position. You had enough money to pay your bills, and unemployment helps you cover the essentials. Unfortunately, you...
Debt relief may be something you're looking into if you've lost time at work or lost your job recently. Having great amounts of debt can make it hard to get your finances back on track when you're only able to work part time or find piece work to bring in an...
