On Behalf of developers | September 18, 2020 | Bankruptcy
One of the reasons that people delay bankruptcy filings is the fear of how it will impact their credit. There is a pervasive myth that those who file bankruptcy will never have good credit again or will struggle to qualify for financing after they file. While it is certainly true that bankruptcy impacts both your… Continue reading How much will bankruptcy change your credit score?...
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On Behalf of developers | September 15, 2020 | Bankruptcy
Think back to when you first bought something on credit or took out your first loan. You probably thought debt was a temporary measure, and that as you grew older, you would pay off your debts and save for your retirement. You would never have believed you would be considering bankruptcy when you were close… Continue reading Bankruptcy is on the rise amongst the over 55s...
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On Behalf of developers | September 1, 2020 | Bankruptcy
Cash is not nearly as common as it once was. It used to be almost the only way to pay, with some people using checks, as well. Then credit cards came along and changed the game, allowing people to pay with a swipe. Now, in 2020, we have plenty of apps that allow you to… Continue reading Does electronic money lead to overspending?...
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On Behalf of developers | August 20, 2020 | Bankruptcy
Pretty much any line of credit that you take out as an individual will fall into one of two categories. Unsecured credit, like credit cards, doesn’t have collateral objects that the lender can take back if you fall behind on payments. Secured lines of credit, on the other hand, have physical items attached to the… Continue reading Can you stop the repossession of a financed personal vehicle?...
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On Behalf of developers | August 4, 2020 | Chapter 7 Bankruptcy
According to Nerd Wallet’s 2019 American Household Credit Card Debt study, the average amount of credit card debt within an American household is around $6,591. This might not seem like much compared to the average $27,978 in auto loans or $46,954 in student loans owed in an average household, but the debt created by credit… Continue reading Struggling with credit card debt? Bankruptcy could be the solution...
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On Behalf of developers | July 23, 2020 | Bankruptcy
Medical debt plagues many Jackson, Mississippi, residents just like you. It is overwhelming to face these debts and have no way to address them. This is particularly troubling for those who require ongoing care or treatment for an illness or injury. If you cannot pay your existing bills, how can you continue to receive the… Continue reading Solutions for those overwhelmed by substantial medical debt...
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On Behalf of developers | July 11, 2020 | Bankruptcy
When your debt level reaches a point where you can’t pay off your creditors or even make the required minimum payments every month, you may have to start making difficult decisions. You may pay the bills you need to cover to remain in your home while letting others go past-due. Companies that don’t receive timely… Continue reading Can you avoid a creditor wage garnishment with bankruptcy?...
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On Behalf of developers | June 29, 2020 | Debt Relief
Mention a hefty medical bill you can’t afford to a group of people and it’s almost guaranteed that someone is going to roll out that old chestnut of advice and say, “Just pay $5 a month on it forever. They can’t do anything to you as long as you keep paying.” If that were true,… Continue reading Can you really just pay $5 a month on a medical bill forever?...
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On Behalf of developers | June 20, 2020 | Bankruptcy
Should your finances take a turn for the worse, there may come a point in the near future when you ponder the pros and cons of bankruptcy. Before you decide in favor of or against bankruptcy, it’s critical to answer a variety of questions as they pertain to your situation. Here are a few that… Continue reading Considering bankruptcy? You’re likely to have questions...
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On Behalf of developers | June 19, 2020 | Bankruptcy
If you’re over 65 and you’re still waking up at dawn to go to work, there’s a good chance that it’s because you need the money. According to a survey by Provision Living, which is a company behind senior living communities, 60% of employees working during what used to be considered the retirement years aren’t there… Continue reading Why older people are working longer...
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