It has managed to fly under the radar for the last few years, but the shock headlines of recent weeks has catapulted the student loan crisis debt issue to the top as the next calamitous debacle to face the country. The reports that the total student loan debt of nearly $900 billion now surpasses that [...]
Continue Reading →When people get behind on their debt, or at least contemplate doing so, the question that ultimately runs through their minds is “Can a Credit Card Company Sue You?” The short answer is yes as long as they are following the process set forth in the Fair Debt Collection Practices Act. Suing you for uncollected [...]
Continue Reading →The strategic default: deadbeats or financial geniuses? The good news in the housing market is that, according to the Mortgage Bankers Association, the delinquency rate for mortgage loans has fallen to 7.99 percent down. That is nearly a half a point from the prior quarter and over a point from the prior year. The bad news [...]
Continue Reading →Unfortunately, the prospect of a foreclosure has become all too real for tens of thousands of people. And, the fact that there are still thousands of pending foreclosures is a partial cause of depressed home prices which threatens even more people when their homes become upside down in their mortgages. Avoiding foreclosure may not be easy in some circumstances, however in most cases it can be done if you take the right steps.
Continue Reading →Clearly bankruptcy is not a destination on anybody’s financial map, but it’s where you could end up when you encounter roadblocks and your life is detoured by the unexpected. So, everyone who arrives at bankruptcy takes a different path, but the road back to financial health and prosperity has but one starting point and with it the opportunity to map out a new financial future.
Continue Reading →Coming to terms with a bankruptcy becomes much easier for people when they view it as a clean slate, which is really what it is. In fact, it is intended to give people a chance to start anew with a fresh opportunity to build a secure financial life unencumbered by the weight of past hardships.
Continue Reading →Credit cards after bankruptcy discharge – For many bankruptcy debtors, their fear of never being able to obtain credit is quickly replaced with bewilderment over the vast number of credit card offers they begin to receive shortly after their discharge. They quickly learn that there is whole segment of the finance industry that targets post-bankruptcy debtors.
Continue Reading →Is there Credit after Bankruptcy? If you think your financial life is going to be over after bankruptcy, you’ll be pleased to know that an increasingly competitive lending industry is willing to give you nine lives. The fact is that, in this unfortunate economic environment, bankruptcy is becoming somewhat of a norm …
Continue Reading →Credit Cards after Bankruptcy. The reality is that, if you take the lessons learned and apply them with the right attitude and the right strategy, you can change your financial life for the better. The key is to take full advantage of your “new beginning” and avoid the mistakes of the past. For most people, that begins with a sound credit card strategy.
Continue Reading →One of the biggest fears people have about filing for bankruptcy is the damage it will cause to their credit score. Unquestionably, your score will be affected, but it may not be as bad as you imagined. In fact, for many people, their scores actually improve with a bankruptcy. How?
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