Many people might wonder if there is such a thing as too much debt. Could a specific amount of debt prevent them from finding debt relief?
When individuals get calls demanding they repay their debt, it is easy for emotions, like fear and anxiety, to take over. However, one question remains: who is calling to collect the debt? Is it a creditor or a debt collection agency?
Losing a job can leave individuals suddenly facing considerable stress – and a lot of questions. How will they pay bills? How will they support the family?
Whether individuals file Chapter 7 or Chapter 13 bankruptcy, they will have to complete a considerable amount of paperwork to obtain the debt relief they need. When filling out this paperwork, one critical step individuals must take is to list all of their monthly expenses.
In a recent blog post, we discussed the potential dangers of credit card debt. This report also found that the total credit card debt in the United States reached an all-time high at the end of 2019.
In a recent blog post, we discussed how individuals can manage their debt when unemployed. One of the first steps involves negotiating a different payment plan with creditors.
Since the 1960s, women have come a long way in the fight for equality in the home and the workforce. However, it is still a reality that a majority of women earn an average of 80% to the dollar that men earn.
Getting a divorce can impact life in many ways. It can be emotionally stressful to end a marriage and split parenting time with the kids. However, divorce can also be financially stressful. After all, individuals have to divide their marital assets, and one spouse often has to pay child support and possibly alimony.
Many people keep the tradition of making a resolution each year on New Year’s Eve. That way, they can make a change in their life and get a fresh start for the new year.
Filing bankruptcy can help individuals find the debt relief they need and obtain a new financial start in their life. However, many people worry how bankruptcy will affect their credit score—and therefore, many future financial opportunities.