While many people in financial distress think of debt consolidation as the way to go, there is also the option of setting up a repayment plan under Chapter 13 bankruptcy. While it can be a good option for many, make sure you understand how it works before proceeding. Read on… read more →
Do you sometimes feel like you are drowning in credit card debt? You are not alone. A study reveals that the average American household has a revolving credit card debt of $15,310. The Dangers of Credit Card Usage While the amount of credit card debt may vary per household, the… read more →
The biggest myth about bankruptcy is that it will completely ruin your credit. The New York Federal Reserve conducted a study recently which shows this belief to be a half-truth. It is true a bankruptcy filing can remain visible on an individual’s credit report for up to 10 years. And… read more →
Research shows that millions of American families are living from paycheck to paycheck with little or no means to build savings. When faced with unexpected expenses, such as a car or house repair, many have felt that their only option was to seek help through a payday loan or cash… read more →
For many Americans who are deep in debt with no way to pay it back, filing for bankruptcy might be their last resort. And while some people may assume that bankruptcy is bad for you since you will have a negative label on your records, filing for bankruptcy actually have… read more →
