Archive for the ‘Debt Settlement’ Category

  When faced with a lot of debt and the desire to start off with a clean slate, many consumers will decide to file for bankruptcy as a last resort. However, not everyone is eligible for bankruptcy and for some filers, their cases are dismissed, and their debts are not discharged. Although bankruptcy dismissals can […]

Have your credit card payments gotten out of control? Are bills piling up, and causing you to fall deeper and deeper in debt? If you’re struggling with debt repayment and find that you’re barely making much process, the following are some tips for lessening or eliminating debt once and for all: Create a plan Sit […]

Some consumers will turn to bankruptcy to solve their financial woes, often as a last resort. If you’ve been seriously contemplating bankruptcy, you’ll want to carefully consider the negative repercussions first. While bankruptcy can potentially be the solution you’re looking for, you’ll want to keep some of the following drawbacks in mind: You may not […]

   With the number of consumers in debt growing at an alarming rate, it is no surprise that there a lot of different reasons for getting into such a dilemma to begin with. The cause is usually much more complex than simply not having enough money to pay bills. The following are some common reasons […]

If you’ve decided to begin paying off your debts, it can be difficult to decide which loans to pay off first. Here’s how you can prioritize: Highest interest  Do you have credit cards with high interest rates? One way to get rid of debt would involve paying off those debts first, even if they have […]

If you’re thinking about filing for Chapter 7 bankruptcy, the following information can help you learn more about the basics: How secured debts are handled If you have property, money, or assets that you’ve used as collateral in order to obtain a loan, that loan is a secured debt. Cars and houses are some common […]

Although there are different chapters of bankruptcy, Chapter 7 is the most common. It’s sometimes also referred to as a liquidation bankruptcy, which involves the sale of the filer’s non-exempt assets. A trustee handles this and takes any proceeds to pay lenders for any debts that the filer has accrued. If you’re thinking about filing […]

If you’re in debt and have been dealing with collectors, it’s important to know the regulations enforced by the Fair Debt Collection Practices Act so that you’ll know if your rights are being violated. Stopping contact altogether Even if a debt collector is contacting you during reasonable times and isn’t using any offensive language or […]

It’s likely that you have collectors trying to get in touch with you if you’re behind on credit card and loan payments. While this is legal, it’s also required that they follow the limitations and regulations set in place by the Fair Debt Collection Practices Act. This is an act that is meant to protect […]

Even if you are in a lot of debt, you still have rights when it comes to how a debt collector should contact you. If you believe a debt collector is harassing you, you may be eligible to take legal action. If a debt collector has violated any regulations, you have the right to press […]