Category Archives: Debt Relief
Should You Practice Radical Acceptance With Your Debts?
In this week’s edition of the New York Times, an adorable hedgehog named Goober is enjoying his 15 minutes of fame. Of course, Goober’s innocent wonder is such that he probably also enjoys the moments of his life before and after his brief stint as the Internet’s most beloved unconventional household pet just as… Read More »
Underwater Car Loans Are Increasingly Common, But They Might Not Be As Scary As You Think
If you are looking for good news about consumer debt, you will probably have to keep looking. Car ownership is unlikely to become more affordable anytime soon, even as most people in the Philadelphia area who rely on employment income as their main means of financial support rely on a car to get to… Read More »
The Big Five Junk Fees at Real Estate Closing
Everyone knows that homeownership is expensive, but at first glance, this extraordinary expense seems to defy the laws of mathematics. If you are gainfully employed, you have probably scrolled through real estate listings at some point, and if you found a house you loved, maybe you opened the calculator on your phone app. You… Read More »
Can Bankruptcy Make Your Tax Debts Worse?
If something sounds too good to be true, it probably is. It is easy to find big promises of debt relief if you are struggling to keep up with your debt payments. Debt settlement companies promise miracles, and so do credit repair companies. You know you are poor when most of your junk mail… Read More »
How Good Is Good Debt?
If you dream of being debt free, you are not alone. It is easy to find podcasts, YouTube channels, and blogs providing a steady stream of aspirational content about a lifestyle that does not revolve around money. The trouble is that it takes a lot of money, a lot of luck, or a considerable… Read More »
The Next Junk Fee to Disappear From Your Bank Statements Might Be Your Unused Subscriptions
Personal finance experts have been saying for years that, by canceling subscriptions to services you rarely use, you can find more money in your budget to pay down debts, thereby reducing the overall amount you will spend on interest. In fact, they have been saying that since they operated out of blogs instead of… Read More »
Can You Afford to Hire a Debt Relief Lawyer?
If you are wondering whether you are legally eligible to file for bankruptcy protection, the answer is yes. Everyone, individuals and corporations alike, has the right to discharge eligible debts in bankruptcy court if they cannot repay them. The only exception is that, if you have previously filed for bankruptcy, you must wait several… Read More »
Should You File for Bankruptcy a Second Time?
Life is not a Monopoly game, and filing for bankruptcy does not mean that you are out forever. Instead, after the bankruptcy court discharges your eligible debts, or perhaps even before, you start looking forward to rebuilding your credit. Only a cynical person or the serial entrepreneur villain of an anti-capitalist webcomic would walk… Read More »
What Do the New Buy Now Pay Later Regulations Mean for Your Efforts to Get Out of Debt?
Is buy now pay later (BNPL) a financially sound choice for people who want to avoid racking up interest charges and credit card debt? Is it subprime lending that consumers choose because they do not have access to more affordable and less risky forms of credit? It is both. As with so many other… Read More »
Financial Stability Begins With a Bank Account
Every day, millions of Americans check their checking account balances, too busy worrying about how little money is in there to realize that a lot of people have it much worse. They might be dangerously close to having a negative balance, and the balance might even dip below zero for a short time until… Read More »
