Category Archives: Debt Relief
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 »
Assignment for the Benefit of Creditors Is an Alternative to Small Business Bankruptcy
The statistic that fewer than half of new businesses continue to operate five years after they were founded if your small business is part of the majority, where the business closes in less than five years without ever having become profitable. The task remains of closing down your business and settling your debts. You… Read More »
How Much Can Mobile Apps Help Your Finances?
When people tell you that you can get out of debt just by clipping coupons, it is only natural to assume that they are either delusional or trying to sell you some kind of coupon subscription service that operates on a multilevel marketing basis. Yes, you can save money by scrolling through coupon sites,… Read More »
3 Financial Mistakes That Make Employed People’s Debts Worse
When you start thinking about addressing your debt problems, it is worth reiterating that at least some of the factors that caused you to be in debt are beyond your control. For example, stagnant wages, high prices of groceries, and unaffordable healthcare are probably eating up a big portion of your paycheck. It is… Read More »
Your Credit Score Might Not Be a Deal Breaker When I Comes to Qualifying for a Home Mortgage
Qualifying for a home mortgage loan is only the first step toward being able to afford to buy a house. Likewise, the amount you borrow is only one of many factors that affect how much you will pay for your mortgage in total. Lenders will not agree to lend unless they are sure that… Read More »