If your New Year's resolutions include resolving old debts, keep reading. According to the Federal Reserve, almost half of households in America can't pay off their credit card bills each month. The combined debt figure tops $800 billion owed to plastic accounts.That...
Blog
Month: December 2016
Stuck paying off Christmas debts at Easter? Say no to credit
Did your credit cards really get a workout this holiday season? All that holiday debt can make the celebrations less merry and bright, as consumers struggle to pay down these debts far into the new year.One survey showed that over 25 percent of American consumers get...
Don’t get rushed into foreclosure
Will this be your last holiday season you will spend in your home? Is foreclosure looming large and bearing down fast? If so, it's time to make some hard decisions.You might feel as if you no longer have a choice in the matter any longer, but quite often that's not...
The pros and cons of filing for Chapter 13 bankruptcy
If you have found yourself here on this blog, chances are good that your financial situation is dire. If you are considering filing for Chapter 13 bankruptcy, you should understand the pros and cons. First, the pros.-- You get longer to repay your debts. -- As long as...
5 misconceptions about bankruptcy
What comes to your mind when you hear the word "bankruptcy"? Perhaps you think that filing means all of your debts will be erased or that you will have to live without your car and house. Misconceptions about bankruptcy are common, so it is worth looking at a top few....
Plan your post-bankruptcy financial future
Many consumers who are struggling with debt hesitate to file for bankruptcy because they dread tanking their credit rating and not being able to buy a home, a new car or even open a credit card account in the future.It's a reality that needs to be weighed carefully,...
