Credit cards can be useful, and that’s why most adults in the U.S. have at least one. Nonetheless, credit cards can also cause serious financial difficulties. The current amount of credit card debt in the U.S. is thought to stand at around $1.4 trillion. That’s a lot...
When filing for personal bankruptcy, you may be required to disclose all of your assets, debts and financial transactions in detail. Any form of dishonesty or intentional misrepresentation in this process can result in bankruptcy fraud. Bankruptcy fraud occurs when an...
You may have filed for bankruptcy in the past. You did this because you likely had a lot of medical debt or credit card debt that you could not pay. Bankruptcy may have been your only option. However, you may need to file for bankruptcy again because of the...
People often decide to file bankruptcy after they come to the realization that they can’t pay all their bills with the income they have. This may be because of an unexpected illness, just because things got a little out of hand or a variety of other reasons. For...
Bankruptcy is a legal system that facilitates debt relief. Individuals struggling with high credit card balances, major medical debts and other forms of financial pressure can ask the courts for relief. Bankruptcy can help people in multiple different ways. As soon as...
You’ve thought about filing for bankruptcy – but everything you’ve heard about how it may affect your credit has you scared to proceed. You’ve heard that it will ruin your credit forever. Understanding more about the realities of the situation may alleviate your...
You want to file for bankruptcy. You can clearly see how it would help your financial position by eliminating some of the significant debt that you have. You believe that bankruptcy is the correct legal tool to get you to this goal and transform your life. However,...
Filing for bankruptcy is a significant decision that can provide relief from overwhelming debt but also has long-term financial implications. Proper preparation is crucial to successfully navigating this complex process. Here, you will find helpful tips to prepare...
Creditors and collection companies can be overly aggressive when collecting money from those who owe them. While there are laws creditors must follow, their actions and attempts to have you settle your debt can feel like harassment. What methods do creditors use to...
The best solutions for substantial personal debt are voluntary ones. Most creditors try to work with people who have fallen behind on their financial obligations. However, some are less patient than others. Credit card companies and medical creditors are among those...