8 Signs It’s Time to File for Bankruptcy

Bankruptcy can be a pretty scary term. It often carries the connotation of total financial ruin, although that’s usually not the case. In many instances, bankruptcy can be what saves you from total financial ruin and helps you to get back on your feet. “When somebody really doesn’t have money to pay their bills then … Continue reading “8 Signs It’s Time to File for Bankruptcy”

What To Do When A Creditor Garnishes Your Wages

With the cost of living on the rise and wages trailing far behind, people can end up unable to pay their bills. Basic living expenses like mortgages, rising rents, and utilities can eat up an entire salary, leaving no funds for other bills. Unfortunately, not paying those bills can result in garnished wages. Having your … Continue reading “What To Do When A Creditor Garnishes Your Wages”

11 Things to Do If You’re Facing a Foreclosure

Foreclosures were common in 2009 when a record 2.8 million houses were foreclosed on. Since the recession, fear and uncertainty have risen with regard to property ownership. Though they’re less common now, foreclosure notices are still sent out across the US. It can be a terrifying feeling to receive that yellow notice in the mail. … Continue reading “11 Things to Do If You’re Facing a Foreclosure”

You Have Options When Facing Wage Garnishment

If you fall behind on your bills, your creditors might employ wage garnishment as a last-ditch method to collect on the debt. A creditor can legally seek to seize a portion (as much as two-thirds) of your wages to satisfy a debt. This is a serious situation, but you don’t have to take it lying … Continue reading “You Have Options When Facing Wage Garnishment”

Avoid Debt Settlement Fraud With These 5 Tips

Criminals love to target people who are desperate because they’re in a vulnerable emotional state, making them susceptible to believing things that seem too good to be true. Desperate people are easy targets because they don’t see the red flags that would otherwise raise suspicion. The total US consumer debt has reached over $3.4 trillion, … Continue reading “Avoid Debt Settlement Fraud With These 5 Tips”

Here Are 5 Things You Should Never Do Before Filing for Bankruptcy

Filing for bankruptcy isn’t something to be taken lightly. It’s a last resort decision that will stick with you for years to come. So, if you decide to file, it’s important that you understand how to properly begin the process. This includes avoiding certain mistakes that will hold you back. Don’t Make These 5 Mistakes … Continue reading “Here Are 5 Things You Should Never Do Before Filing for Bankruptcy”

Life After Bankruptcy: 4 Ways To Recover And Thrive

Many people today survive on credit. Even if they’re not living on credit cards, they’re living in houses they bought on credit (and are still paying off the mortgage), and they’re also paying for cars they bought on credit. Many people also have businesses that rely on revolving credit. For people whose lifestyle depends on … Continue reading “Life After Bankruptcy: 4 Ways To Recover And Thrive”

Paying Your Overdue Debts Doesn’t Have To Be Stressful

When interest rates are low, people jump on the opportunity to take out a personal or business loan. For example, after the 2008 financial crisis, interest rates were next to nothing and were not significantly increased until 2015. This extended period of time has given people a long time to pay off their existing debts … Continue reading “Paying Your Overdue Debts Doesn’t Have To Be Stressful”