Articles Posted in Debt Relief

If you’re facing trouble paying your utilities, your options may be limited. While you might qualify for a payment plan or loan with your utility company; that option is often counterproductive when they add in the interest rates to an already delinquent balance. You could also ask a friend or family member to help you…

Over the last decade, healthcare legislation reforms have focused on lowering the burden many face as the result of medical costs. However, research shows that medical debts and expensive medical bills are one of the leading causes of bankruptcy filings in the United States. In fact, numerous studies have shown that over 60 percent of…

Debt collectors make their living by harassing you for money owed to creditors. Unfortunately, the debt collector on the other end of the phone is simply the messenger; subjected to the emotional pleas of the debtor. While debt collectors can be relentless and rude at times, you do have rights when it comes to dealing…

Filing for bankruptcy is not a decision people arrive at with ease or swiftness, as it often is a stressful process that is one of last resort. The complicated nature of the bankruptcy process isn’t easy to navigate if you are not a highly trained lawyer. While you can file for bankruptcy on your own,…

When you successfully resolve and complete a bankruptcy, some of your debts will be labeled as “discharged”. This means that your debts are no longer enforceable for collections by the creditor. This is the ultimate goal of filing for bankruptcy and the desired outcome by anyone seeking its protection. The end result of a successful…

Fair Debt Collection Practices Act (this is part of the Consumer Credit Protection Act) provides consumers with protections against unlawful or unethical debt collection practices. Under the FDCPA, debt collectors must follow certain rules about contacting consumers. For example, debt collectors generally have to stop trying to collect a debt that becomes past-due 90 days,…

This year has been filled with unexpected events and outcomes for many families. A turbulent economy, unexpected challenges in careers, and the loss of the comforting sense of status quo have all presented unique challenges to daily life. In times of uncertainty, it is more important than ever to keep a close hand on your…

There is a misconception that filing for bankruptcy damages your credit and prevents you from securing credit in the future. In fact, this is one of the most common excuses people have for not seeking debt relief help through bankruptcy. This misconception can do more harm than filing for bankruptcy in many cases, as it…

Two of the most common types of debt include secured and unsecured. Secured debts, like car and home loans, are tied to collateral that can be repossessed if you fail to make a payment. Unsecured debts, like credit cards and payday loans, are not tied to collateral or assets; making them much easier to resolve…

It might seem that there is a direct connection between money management and bankruptcy. Money management skills are not always about being prepared or staying alert about your money. However, the financial burden is often unexpected and more complicated than it appears. Filing for bankruptcy can be a solid plan for debt relief when the…