As someone facing debt, you also face the possibility of debt collectors contacting you. In many cases, these debt collectors will stick to what is appropriate and will not overstep their boundaries. But sometimes, a debt collector might utilize tactics illegal under...
Getting a notice of foreclosure is very frightening. This is why it is imperative that you do everything you can beforehand to avoid the notice. While you may not be able to control everything related to your economic situation, there are some steps you can take to...
Once your financial situation starts to spiral out of control, it often proves difficult to get things back on track. If you have no feasible way of repaying what you owe creditors within the next few years, you may want to think about filing for bankruptcy. Depending...
Individuals experiencing serious financial hardship from a job loss may qualify for temporary rental relief. According to the Nashville Tennessean, a household may receive up to one year's worth of financial aid to pay past due rent. If an individual still finds it...
When you file Chapter 7 bankruptcy, it seems to turn your finances upside down. There are many rules that you must follow or you could end up in trouble with the court. The trustee in your case will give you instructions on various things, and what will happen with...
Your debt-to-income ratio is simply the amount of monthly debt you have relative to your income. If you do not know your ratio, you may be in for a surprise when trying to finance a home, car or anything else. That is, debt-to-income ratio is a major factor in most...
Maybe you still feel uncertain about filing for bankruptcy. Could believing in myths hold you back from experiencing financial relief? The American Bankruptcy Institute dives into common bankruptcy misconceptions. Do not let fairy tales stand in the way of doing the...
Filing for Chapter 13 bankruptcy or any other chapter might seem like your best bet to free yourself from burdensome debt. Even so, you may want to think about the effect bankruptcy will have on your future, such as whether filing for bankruptcy will make it harder to...
If you are not working, have overwhelming medical bills or other debt and miss multiple mortgage payments, your lender may begin foreclosure proceedings if you cannot make alternate payment arrangements. Filing bankruptcy may help you not only clear most of your debt,...
Separating fact from fiction is vital when you are going through the bankruptcy process. While bankruptcy can represent a fresh start, the rumors surrounding the process can be frightening. For instance, many Americans believe that they will automatically lose their...
