There are many situations in which a person may turn to a co-signer or guarantor in order to secure a line of credit, loan, or another form of financing. For example, if a person is buying a house but cannot qualify for the loan on their own, they may ask a parent to co-sign. Similarly, […]
Facing financial ruin is incredibly stressful. If you are being contacted by creditors, are at risk of losing your house, or have had a lawsuit filed against you to collect on a debt, you should be thinking seriously about your options. One way to seek a clean slate is to file for bankruptcy. While bankruptcy […]
If you have thought about bankruptcy, chances are that your understanding of bankruptcy is that filing for bankruptcy will eliminate your debts and give you a clean slate moving forward. While it’s definitely true that bankruptcy can provide a fresh start, it’s important to understand that not all debts are forgivable in a bankruptcy filing […]
When you are facing large amounts of debt, understanding all of your options for getting your finances under control and improving your financial future is important. Depending on the specifics of your situation, options that may provide economic relief include debt consolidation, refinancing, creating a budget, or working with a debt counseling or financial planning […]
Managing your finances responsibly may sound like an easy task, but for many, making smart financial decisions isn’t always as obvious as it seems. From accidents and unexpected illnesses that lead to medical debt to low-paying jobs and layoffs that cut income streams, there are dozens of legitimate reasons why a person may be struggling […]
The urge to spend during the holiday season can be overwhelming. Not only are there dozens of holiday activities that may cost money to participate in, but you may also be trying to buy for everyone on your list. In fact, studies show that for the 2022 holiday season, about 70 percent of Americans plan […]
If you’ve decided to get a fresh start on your financial situation and file for bankruptcy, you’re going to be interacting with several professionals throughout the process. Among these are your bankruptcy attorney, the bankruptcy judge, and a bankruptcy trustee. Balancing the interest and rights of the debtor against those of their creditors is one […]
When it comes to your finances, there are a few things that can have a bigger impact on your financial opportunities and future—including your ability to secure a mortgage loan, buy a car, take out a new line of credit, and more—than your credit score. Indeed, lenders will always look at your credit score before […]
Filing for bankruptcy is a huge decision. And while filing for a Chapter 7 or Chapter 13 bankruptcy can provide you with the financial relief that you need, the process requires multiple steps that can be confusing to the layperson. One of the most important parts of a bankruptcy case is the 341 meeting, which […]
Facing large amounts of financial debt can be extremely stressful. Even if you’re earning money, you may be subjected to wage garnishments, which can add to the pressure of an already overwhelming attempt to manage your funds. While there are many options for managing debt and seeking debt relief, bankruptcy could be the most appropriate […]