If you’re struggling with debt and know that a creditor is taking you to court, it’s important to note that wage garnishment could be their next step. With wage garnishment, the creditor goes to court and asks the judge to approve garnishment from your normal salary...
Many people who struggle with bankruptcy know that they have too much credit card debt. If they ask for advice from friends and family, people will tell them not to use credit cards anymore and only to spend the cash that they earn. There are a lot of reasons why this...
Losing a portion of your income can be tough, especially if you are going through hard financial times. However, if you are unable to pay your debts, one of the options your creditors can consider is getting into contact with your employer for purposes of making...
A Chapter 13 bankruptcy filing or wage earner's plan offers numerous benefits when compared with a Chapter 7 filing. It protects your assets, comes off of your credit report earlier and may result in fewer ethical qualms because you make a concerted effort to repay...
There are numerous legal avenues for debt collection. Typically, businesses and individuals start by sending past-due notices or making collection phone calls. Eventually, if repayment is still not forthcoming, the party trying to collect on the debt may take more...
Debt relief and debt solution programs come in all shapes and sizes. You might hear advertisements on the radio about a credit card debt settlement company or receive tempting balance transfer offers from your credit card company asking you to transfer what you owe to...
There are few feelings as awful as being inundated with debt that you struggle to repay over the course of many months or years. It is even more frustrating when you had to take on that debt not for something that you chose to purchase, but to take care of serious...
Student loan debt has increased in the past decade by more than 144%. In fact, student loan debt is second only to mortgages or housing payments for most American families. There has been some talk from the current administration forgiving student loans, but that has...
If you are overwhelmed by debt, you are not alone. It is a widespread issue, albeit one that many do not like to talk about. The cost of housing and living has risen sharply over the years, whereas wages have not. A recent report put the difference between the...
If you tell someone you are thinking of filing for bankruptcy, they may assume you have been too free and easy with your credit cards. Yet, often the reason people max out their cards is to cover medical bills. A 2018 report found that 530,000 families who filed for...
