Debt

5 Signs It’s Time to Consider Bankruptcy

January 31, 2016

Dealing with debt is a common part of life for many people over the course of a lifetime. When debt becomes overwhelming and doesn’t go away, however, taking more aggressive action with the help of a professional may be necessary. And one of these actions could be filing for bankruptcy. If you have been considering…
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4 Red Flags of Debt Relief Scams

January 20, 2016

Each year, at least 4 million Americans are the victims of debt relief scams – including credit repair scams, mortgage relief scams, and other debt relief scams.1 While being scammed can be maddening to anyone, it can be incredibly damaging for those who are already struggling with serious debt. To help you avoid being victimized…
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How to Stop Living Paycheck to Paycheck in 2016

December 31, 2015

The New Year is almost here. While you may have a lot of resolutions for 2016, if even one of them includes improving your financial situation, here are a handful of things you can do to start achieving this goal – and stop living paycheck to paycheck in the New Year. Essential Tips for Improving…
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Top 5 Reasons People File for Bankruptcy

December 10, 2015

Bankruptcy can help people resolve serious debt issues by providing them with a financial fresh start. Although some people may need to pursue bankruptcy because they are not good at managing money, surprisingly, a significant number of bankruptcy cases in the U.S. are unrelated to fiscal irresponsibility. In other words, people who are careful with…
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4 Holiday Shopping Mistakes to Avoid This Year: How to Protect Your Bottom Line & Your Credit

November 30, 2015

The holidays are here, and for millions of Americans, that means busting out the credit cards and buying gifts for all of their loved ones. While this generous spirit is admirable, it can get some people into financial trouble, especially if they have been struggling with debt in the months leading up to the Christmas…
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FAQs about Nondischargeable Debts in Bankruptcy

October 31, 2015

Bankruptcy can be an effective way to get rid of a lot of debt. Not all debts, however, can be eliminated through bankruptcy, and we’ll reveal more about just what those nondischargeable debts are in the following answers. Important Answers about Debts that Can’t Be Discharged via Bankruptcy Q: When is debt nonchargeable in a…
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5 Essential Tips for Paying Down Credit Card Debt

October 10, 2015

Credit card debt is one of the most common types of debt people carry. And the average person with this type of debt is carrying between $10,000 and $15,000 on their credit cards from month to month. If you are among those who are struggling with credit card debt and you are ready to make…
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5 Rights You Have under the Fair Debt Collection Practices Act (FDCPA)

September 30, 2015

The Fair Debt Collection Practices Act1 is a federal law first established in 1977 to protect consumers from abusive debt collection practices. The intent is to prevent debt collectors from harassing borrowers and, instead, to promote fair practices for the collection of debts. Given that this law is complicated and that it has been updated…
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4 Signs of Debt Settlement Scams: What You Need to Know

August 20, 2015

When people are overwhelmed with debt, one option for debt relief can be debt settlement. Typically, with debt settlement, companies offer “programs” through which consumers may be able to reduce their overall debt obligations. These programs generally involve consumers depositing money into a designated account for a certain period of time while the company attempts…
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12 Things Debt Collectors Can’t Do When Collecting Debts

July 10, 2015

When people miss payments on their debts, debt collectors will usually start contacting them. How this contact happens – what debt collectors are not allowed to do during it – is governed by the Fair Debt Collection Practices Act (FDCPA). Below, we’ll point out some of the things that the FDCPA specifically prohibits debt collectors…
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