Recent Blog Posts
Understanding Wage Garnishment and What You Can Do to Stop It
No one intentionally falls behind on their bills, and when someone is unable to make a house payment or a car payment or a student loan payment, it is likely because he or she does not have the extra funds to do so. So why does it make sense for creditors and federal agencies… Read More »
Debt Consolidation or Bankruptcy: Which is Better?
If you are drowning in debt and are looking into debt relief options, you may be wondering whether debt consolidation will work for you or whether you should file for bankruptcy. While both options have their merits, you should first note that the federal government requires all potential bankruptcy filers to go through credit… Read More »
You Can Stop Foreclosure and Save Your Home, and Here’s How!
If you have fallen so far behind on your mortgage payments that you have received a notice of foreclosure, we understand that you may be feeling worried and scared about what foreclosure may mean for your future. While worry and fear are perfectly normal emotions to feel at this stage in your life, they… Read More »
What Does it Mean to Reaffirm Your Debt After Bankruptcy, and Should You do It?
Filing for bankruptcy may be the best thing you do for your financial future, but depending on which bankruptcy you file for, you may lose everything that still has a loan attached to it. This includes your home and your vehicles. If you are in a situation where Chapter 13 is not right for… Read More »
Should I Pay An Old Medical Bill in Collections?
Medical bills are one of the worst kind of bills to have as a) they are expensive even with insurance and b) they often come at a time when you are either too hurt or ill to work. For these two reasons, many medical bills end up making their way into collections, leaving the… Read More »
What is a Deed in Lieu of Foreclosure, and is it a Good Deal for You?
A deed in lieu of foreclosure is precisely what it sounds like: in order to be released from your mortgage obligation, you must sign over the deed to your home to the bank. Typically, homeowners file for a deed in lieu when they have received notice of foreclosure from the bank, and they want… Read More »
Stop Digging Yourself Deeper Into Debt! Here’s How
There are few worse places that you can be than in debt, yet that’s just where many Americans find themselves all too often. For the average American, credit card debt in the vicinity of $16,000 is nothing to blanch at. The average household with any kind of debt does not think twice about an… Read More »
Understanding How Loan Modification Works
If you are unable to make your current house payments but do not want to foreclose on your home or go through forbearance, there is a glimmer of hope. Loan modification is available to select homeowners who want to decrease their monthly payments to make them more manageable. This involves changing the terms of… Read More »
Short Sale, Foreclosure, or Bankruptcy? Which is the Better Option?
If you can no longer afford your mortgage payments or, worse yet, if you have missed several mortgage payments, the bank may have threatened to take your home. While it may be easier for you to just throw up your hands and let the bank have it, it may not be the best thing… Read More »
Drowning in Debt? Use These Tips to Stop Creditor Harassment
Considering the ease with which credit card companies approve applications these days, it is no wonder that just a few years ago, 80 percent of American consumers were in debt. Today, thanks to consumer awareness and smarter spending habits, that number has decreased to just 75 percent, according to CNBC. However, that is still… Read More »
