Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get relief from their debt. Bankruptcy allows individuals or businesses to either restructure their debt and pay it back within a payment plan, or have most of their debts absolved completely. Typically a bankr
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01/30/2018
Should you fail to pay your credit cards or other obligations, creditors will begin calling your house and workplace demanding payment. They will send you collection notices, threatening letters, and at some point, they may take you to court. If a judge decides that you are obligated to pay the d
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01/30/2018
A short sale is when the lender agrees to accept less than the total amount owed on a real estate property. Though short sales do not protect your credit and you will see a drop in your credit score, a short sale may seem like a more favorable option than foreclosure for people that are in over t
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01/30/2018
Foreclosure and Short Sale: Which Option to Choose?Losing your home to foreclosure as a result of not being able to keep up with your monthly mortgage payments can be one of the most devastating events you will ever experience. It is also an event that keeps on affecting you long after you lose y
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01/30/2018
Foreclosure isn't so much an event as it is a process--one that starts with you missing mortgage payments and ends with the lender taking your house and selling it. Timelines and specific procedures vary according to state laws, but the general outline is the same. Foreclosure doesn't happen over
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01/30/2018
Wage Garnishment is a court-ordered repayment of an individual’s debt through their employer. Under federal law, an employer must deduct a portion of an individual’s pay in order to repay a creditor. The creditor must first obtain a court order to garnish that portion of the individual’s earnings
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01/30/2018
Establishing a good credit history has never been as important as it is today.It's not just that you'll need good credit to get decent rates when your're ready to buy a home or a car. Your credit history can determine whether you get a good job, a decent apartment, a deal on your cell phone and r
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01/28/2018
Divorce involves many complicated issues, such as support, alimony and property division. But who gets custody of your good credit?Divorce can prove financially as well as emotionally stressfull. If you find yourself faced with a divorce, it is important to start planning your financial future no
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01/28/2018
Don't Let Medicall Bill Ruin Your CreditMedical bills are the leading cause of bankruptcy according to many financial sources. Unfortunately, many people neglect their medical bills without realizing the impact that those unpaid bills could have on their credit score.How Medical Bills Can Harm Yo
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01/28/2018
Credit vs Debit: Which should you choose?Since credit and debit payments account for the majority of consumer in‐store purchasing in the United States – is one considered a better option than the other? The debate over which is better to use – credit versus debit – has been ongoing. However, rese
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01/07/2018
