You’ve probably heard all the cautionary tales about payday loans. They come with fees and high interest rates. It’s easy to become dependent on them to get by. However, when you’re short on money or an unexpected expense comes up and you’re not getting paid for...
Wage garnishment will likely only worsen your debt issues
If you have fallen so far behind on your payments that creditors want to take you to court, you may not have enough income to cover all of your bills every month. Just trying to make the monthly minimum payments on all of your accounts may become prohibitively...
Can you really just pay $5 a month on a medical bill forever?
Mention a hefty medical bill you can’t afford to a group of people and it’s almost guaranteed that someone is going to roll out that old chestnut of advice and say, “Just pay $5 a month on it forever. They can’t do anything to you as long as you keep paying.” If that...
Try these options to get out of debt and back on track
It’s important that people aren’t in a position where they have to struggle when they don’t have to be. As someone who has been struggling financially, you know what it’s like to worry about where you’re getting your next paycheck or how you’re going to pay your...
Tips for using credit cards properly
Credit card debt is one of the biggest reasons that people turn to bankruptcy. This gives rise to the myth that credit cards are always a bad idea and that you should avoid them at all costs. That’s not always true. One of the best ways to build your credit back up...
Tips for using credit cards properly
Credit card debt is one of the biggest reasons that people turn to bankruptcy. This gives rise to the myth that credit cards are always a bad idea and that you should avoid them at all costs. That’s not always true. One of the best ways to build your credit back up...
Getting a handle on your family’s medical debt
Of all the different types of debt one can accumulate, medical debt is often the most troubling. Families worry about how they can get future medical care when they are already drowning in debt. When such debt is accompanied by other insurmountable bills, it can lead...
Know important garnishment points
When you owe debts and aren’t paying on them, the creditor might opt to take you to court. One outcome of this is when the court issues a wage garnishment. This means that the creditor receives a court order to have a portion of your pay sent to them instead of it...
What’s the fastest way to receive bankruptcy relief?
Most bankruptcy filers want to receive immediate financial relief. They want their debts to disappear now, and understandably so. They've probably been suffering under a mountain of money stress for years -- even decades. Which provides faster relief: Chapter 7 or...
Can your car get repossessed right out of the garage?
You're behind on your car payments, and it's significant. It's not as if you missed one month because you forgot or fell behind on other bills. Your financial situation is not that stable, you have a lot of other debt and you have not paid your car payment in a while....
