Individuals experiencing financial hardship may mistakenly believe that defaulting on a payday loan results in an arrest or spending time in jail. As reported by USA Today, debt collectors threatening individuals they could face fraud charges may have crossed the line...

Bankruptcy, such as Chapter 7 and Chapter 13, takes between five and seven years to pay off. It is stressful, embarrassing and devastating to your credit rating, but the process can mean a fresh start. The new beginning starts with developing a game plan to guarantee...

Filing for bankruptcy in Kentucky is an opportunity for people to revitalize their finances and get rid of overwhelming debts. Contrary to what many believe, bankruptcy is not a crushing blow to credit scores. While it will impact a person's credit, the effects do not...