Can’t Get Approved for a Loan? What It Takes to Repair Your Credit

Having a good credit score can make life a lot easier. According to an article on Capital One’s website, a good credit score will lower your expenses because “many lenders offer better terms and lower interest rates to people with good credit histories.” They also say that a Good credit score may make it easier to: Buy […]

A Fresh Start: 4 Reasons Bankruptcy Is Not As Bad As You Think

When we think of bankruptcy we often think of irresponsibility with money, but job loss, divorce, tax liens and credit card debt are some other possible reasons that people might choose to file for bankruptcy. But according to a Harvard study 62% of all bankruptcies are actually the result of medical debts. One type of debt that can’t be discharged through bankruptcy is student loans. Regardless of the reason that you find it necessary to file for bankruptcy, it’s important to remember that this process isn’t as bad as you think. In fact, there are benefits that you can potentially reap from filing for bankruptcy.

Tips for Surviving Foreclosure

When foreclosure notices start coming in, it’s tempting to shut down and ignore the problem, hoping it will go away. But without facing it head on, the problem won’t be going away. Losing a home that you’ve built over the years is unimaginably difficult, yet many Americans face this reality today. Getting over the initial […]

What to Consider When Hiring a Lawyer

All of us need doctors, dentists, schools, banks and the services of various other providers.  When we need these things we often ask around for other people’s experiences and recommendations.  However, we may not have the same luxury when picking a lawyer to represent us, since we may not know anyone who has needed a lawyer […]

Using An IVA to Reorganise Debt

When you’re in debt, the guilt and stress that goes with it can be all-consuming. It can affect your sleep, your health, and your relationship and family life. The worst thing you can do when in debt is to ignore the problem. Even if it feels like you will never be free of debt, the […]

5 Things to Consider Before Filing for Bankruptcy

Before making the decision to file for bankruptcy, take a credit counseling class to see the other options. Often, there are ways to deal with financial issues without having to involve the federal court. Counseling sessions can be had within a day, providing a lot of information most people don’t think of when frustrated about […]

Can I Overpay My IVA?

Recently we’ve been discussing bankruptcy but in the U.K. there is an alternative called an Individual Voluntary Arrangement or “IVA” which is a formal alternative for individuals wishing to avoid bankruptcy. Basically it is a structured repayment plan which may allow partial foregiveness of your debt. How an IVA Works The debtor’s income (A) and […]

Basic Bankruptcy Facts You Should Know

In the 12 month period ending March 31, 2012– 1,367,006 people filed for bankruptcy. This is down from  1,571,183 people who filed for bankruptcy in 2011 but up considerably from 901,927 in 2008, 1,202,503 in 2009 and 1,531,997 in 2010. If you have ever considered declaring bankruptcy, understanding the gist of bankruptcy laws will help you […]