Creditors are happy to lend you money. Many of them are also happy for you to fall behind on payments, too, at least for a while. Yet, the day that a friendly lender becomes an unfriendly one can come as a shock. When a lender fears you will not return the money you...
If you are one of the 45 million people still to pay off their student loans, good news may be on the way. A recent bi-partisan bill proposal suggests making it easier for former students who struggle with their debt to include it in a bankruptcy filing. The new...
When you apply for credit, lenders review your credit rating to help them make a decision. If you are too high a risk, they will turn you down as they do not want to lose their money. Yet, someone who always makes payments on time is not that attractive either. A...
If you are considering filing for personal bankruptcy, there are two options available. They are Chapter 7 and Chapter 13. Yet, depending on your situation, you may only have one choice. A Chapter 7 bankruptcy requires you to pass a means test. If your income is...
There are numerous different kinds of personal bankruptcy available. For many people, Chapter 7 bankruptcy is what they think of when they hear the word bankruptcy. They think about someone needing to sell off some of their property and getting a discharge of their...
Medical debt has a way of weighing even the most cautious individuals down. It’s nearly impossible to predict when a medical emergency will happen, and it can be tough to figure out how much your insurance will cover (if you have insurance at all). You have to be...
Though 2020 is long over, it has impacted nearly every aspect of the American economy. Many people lost their jobs, and many businesses shuttered their windows. Those that came through relatively unscathed found both their professional and personal lives changed...
If you are struggling with debt, you may already be frustrated with the situation. Something that would compound that feeling is if a debt collector starts calling you regularly. It may be annoying to have them call your personal phone, especially when you can’t set...
If you’re like most Americans, you rely on social media to keep in touch with everyone from old high school friends to distant relatives and social acquaintances -- often through direct messages (DMs). Unfortunately, the next message request you get could be from a...
One of the worst things about being in debt is that you have creditors calling all the time. Eventually, if you ignore those calls or can’t come up with the money for the debt, they may seek to garnish your wages. Wage garnishment is serious, because the money you owe...