Credit cards are a key financial tool that help people to cover necessary expenses even when they have budgetary shortfalls. The responsible use of credit cards typically involves paying off the full balance every month. Those who accrue balances end up paying huge...
Bankruptcy
The health impact of financial stress
If you’ve been living with a lot of financial stress, you may be considering bankruptcy and other tactics to alleviate that stress. Maybe you just have more debt than you can afford. You need a fresh financial start because you know you’re not going to accomplish your...
Potential reasons bankruptcy could be denied
Filing for bankruptcy certainly does not mean that the bankruptcy will be granted. People sometimes act as if individuals or business owners are just allowed to file for bankruptcy whenever they want to get rid of their debt. But that’s not the way that it works. Only...
What to do when you receive a foreclosure notice
Owning a home is exciting, but being unable to pay for it in the future may lead to foreclosure. However, your mortgage lender may not simply ask you to leave. They will follow certain procedures, starting with sending you a notice of intent to foreclose. What you do...
3 warning signs it may be time to file for bankruptcy
Filing for bankruptcy is probably one of the biggest financial decisions you will ever make. While it can help alleviate some of your debts and stop creditors from harassing you, not everyone in a financial situation has to file for bankruptcy. Therefore, before...
How do you choose between Chapter 7 and 13 bankruptcy?
If your debts have strained and broken every financial resource you have, bankruptcy might be your final solution. Most people dread the prospect of bankruptcy, but it can provide you with immediate relief. For example, your creditors must stop contacting you when you...
3 types of bankruptcy you could file
Many people struggle with overwhelming debt. Overwhelming debt can be sudden and unexpected. For example, suffering an injury may cause someone to face large amounts of medical debt, while unemployment may lead someone to fall behind on their debt obligations. One of...
Never do these 3 things in bankruptcy
Filing bankruptcy isn’t something that’s done on a whim. Most people think for a long time about whether they’re going to file or not. Once you decide that you’ll file, you must ensure that you don’t do anything that can have a negative impact on the filing. Here are...
The unscrupulous tactics that debt collectors do
The incessant calls from debt collectors have gotten you unnerved. They want the money you owe to creditors, and they will not stop at anything to get it. This is harassment. One way to stop this is to file for bankruptcy – a move that you had considered well before...
Is bankruptcy on the rise?
People have been struggling financially since time immemorial. The precise number of people filing for bankruptcy has fluctuated over the years, but what do studies suggest today? Is bankruptcy on the rise? If this is the case, then why is it happening? A 10%...