Archive for the ‘Debt’ Category

While bankruptcy can certainly be a good solution for some people, it is also important to consider the negative repercussions and disadvantages before making any final decisions: Possible increase in insurance premiums This will vary by an insurance carrier’s terms and conditions, plus the state the filer resides in—but those declaring bankruptcy just might see […]

Consumers in debt will sometimes turn to bankruptcy as a way to start fresh and with a clean slate. While bankruptcy can certainly be a good solution for some people, it is also important to consider the negative repercussions and disadvantages before making any final decisions:  Ruined credit Perhaps one of the biggest drawbacks that […]

Some of the following reasons that a bankruptcy court might dismiss a case include, but are not limited to: The filer voluntarily requests a dismissal Bankruptcy isn’t the answer for everyone, and some people realize this after they’ve already filed and the process is underway. There are a number of reasons why somebody might want […]

Often as a last resort, many consumers will turn to bankruptcy to settle debt troubles and to start over with a clean slate. Alas, not all bankruptcy filings are successful, and there are situations in which the court will dismiss them altogether instead of canceling or discharging debts. Although dismissals can occur in any type […]

If you owe a substantial amount of money on one of your credit cards, you may be able to settle for less than what you owe. Not only can this help protect you against a judgment, but it may also help to save your credit score from dropping. Whether you are dealing directly with the […]

A debt collector can only go so far when it comes to contacting a consumer and attempting to collect on an unpaid debt. The following are some signs that a debt collector may be crossing the line and illegally contacting you. Debt collectors are not allowed to use any form of harassment or intimidation as […]

There are several different types of bankruptcy to consider for those about to file, and one common option is Chapter 13 bankruptcy. With this type of bankruptcy, filers use their income to pay all or a portion of their debts over time, according to a set schedule. Depending on their income and the amount of […]

  There are several different types of bankruptcy to consider for those about to file, and one common option is Chapter 13 bankruptcy. With this type of bankruptcy, filers use their income to pay all or a portion of their debts over time, according to a set schedule. Depending on their income and the amount […]

Whenever you check your credit score, what you’re usually seeing, and what you’ve likely been used to, is your FICO score. This is the score that the three major credit reporting bureaus usually give to lenders. More recently, though, a new scoring model has begun increasing in popularity—the VantageScore. This fairly new system of scoring […]

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You’ve finally paid off all that credit card debt and in order to eliminate temptation for future charges, you’ve decided to close it out. Before you decide to do this, however, consider the benefits of keeping the account active. If you still decide that you’d prefer to cancel a particular credit card, here’s how to […]