Many people have had the unpleasant experience of dealing with debt collectors. Endless calls, letters of default, and threats of lawsuits are all commonplace when dealing with missed debt payments. What many people don't know is that there is a right way and a wrong way to deal with debt collectors. Here are some answers to some of the more common questions about debt collections:
While filing bankruptcy is often a last resort for those, whose finances have plummeted, it's important to know what's true and what's not when considering it as your next step. Work towards speeding up your credit recovery and minimizing effects by understanding the correlation between a bankruptcy and its effect on your credit scores.
If you have entered the Louisville bankruptcy process and are in need of a car there are some things to consider about the timing of your new loan and how your bankruptcy will affect getting this loan.
If you are considering filing for bankruptcy the first step is to make sure you are prepared. This begins by discussing your case with a New Albany bankruptcy lawyer who will review your situation and discuss all of your options. If you do proceed into bankruptcy, here are some things you need to prepare for:
As the school year comes to a close in the next few weeks many families will be hitting the pavement looking for fun in the sun. With the average American spending over $2500 on a summer vacation much of that cost gets absorbed onto credit cards. If you are looking for family fun and don't want to sink further into credit card debt, here are some tips for you to stay debt free this summer:
The age old adage that Mom knows best may not be necessarily true when it comes to financial advice. A recent poll revealed that more young adults seek financial counsel from Dad over Mom. However, it was also determined that 64% of those polled say they don't turn to either parent for financial advice.
The bankruptcy process can be overwhelming at times, but it doesn't have to be. While working with your New Albany bankruptcy lawyer, be sure to follow a few simple tricks for making the most out of your case:
Anyone that has ever dealt with the stress of financial hardship knows just how hard it can be to make ends meet and satisfy debt obligations. Of those people who have considered bankruptcy, most are fearful of the process simply because of the misinformation out there about the bankruptcy process. Here are a few facts behind some common myths about bankruptcy:
Your credit score. You probably rarely think about it and most of us avoid checking it. You may be carrying a moderate to good credit score, but there are a few things that can hurt your credit score that you may not even know about until its too late. Here are some of the most common ways to ruin a good credit score: