How to Get Through Debt without Filing for Bankruptcy

Posted January 10, 2012 – 9:04 am in: Bankruptcy

Although bankruptcy is something that sometimes needs to happen, you’ll find that there are more ways to avoid it than you might think. As in a divorce, where couples should try to work things out if at all possible, you’ll find that bankruptcy should be something that you approach with care and with a lot of investigation into other options. Bankruptcy is never an easy way out, so take some time to review what other options might have, especially in light of some of the new bankruptcy laws.

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Eliminate Your Debts With Debt Reduction Assistance

Posted July 15, 2010 – 10:09 am in: Debt Consolidation

Are your debt problems already beyond your control? Do you wish to completely eliminate all your debts? If you are burdened by your financial obligations, especially if it is due to the high interest rates that your creditors oblige you to pay, seeking debt reduction assistance would probably help you.

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How Does Debt Consolidation Stack Up Versus Debt Settlement?

Posted June 5, 2010 – 4:13 pm in: Debt Consolidation

Debt settlements differ slightly from debt consolidation. It is important to build or repair your credit rating, since nowadays you practically need perfect credit in order to get a home, car, personal loan, and so on. If your credit has any record of negligence, most companies will turn you down. If you need help with [...]

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Debt Collection Laws Change After Politicians Get Fed Up

Posted April 29, 2010 – 2:54 pm in: Credit

Almost everyone who has been in debt has received the dreaded telephone call from a collections company. But oftentimes one phone call turns into twenty, and even worse, an agent may be aggressive and threatening on the phone.

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Do Not Hire a Debt Settlement Firm to Eliminate Credit Card Debt

Posted March 29, 2010 – 2:44 pm in: Debt Consolidation

Debt settlement firms expect you to have at least $10,000 in credit card debt. They expect you to pay them $1500-2000 or more of that $10,000 in fees before they settle your debt. They also expect you to stop paying your credit card and give those monthly payments to them for their fees and your eventual lump-sum settlement all for their promise to eliminate credit card debt.

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How to Negotiate Debt?

Posted February 11, 2010 – 3:20 pm in: Personal Finance

Finding debt relief through debt negotiation can seem very appealing at the outset. However, before deciding on this option, it is important to understand the pros and cons of the process of negotiating credit card debt.

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How to Get Free From Debt Without the Shackles of Bankruptcy

Posted November 24, 2009 – 2:59 pm in: Debt Consolidation

If you’re like most American’s you are doing your best to avoid new debt and pay down old debt.  However, some people are being crushed by intense credit card debt, medical bills and other forms of unsecured debt.  Many individuals are considering bankruptcy, but they don’t understand the real impact bankruptcy can have on their [...]

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How old does a debt have to be, before you are no longer legally bound to pay it?

Posted November 15, 2009 – 12:52 am in: Personal Finance

I remember hearing once that a debt after a certain amount of years, is moot. Does it depend on the state where the debt occurred or you current state of residence? I heard that collection agencies that specialize in buying old debts, to try and collect on, HATE for people to know about these laws. [...]

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