Did you know that student loan debt is the fastest growing debt category in the country? In fact, student loan debts are growing at a rate ten times faster than credit card debt. A new study conducted by the Consumer Financial Protection Bureau reports that there are approximately 37 million Americans with student loan debt.  … Read more

Prior to filing for either Chapter 7 or Chapter 13 bankruptcy, individuals are required to go through mandatory credit counseling. This credit counseling session is designed to ensure that people who wish to file are truly in need of the protections that bankruptcy offers, and discusses possible alternatives. In addition, credit counseling offers individuals advice  … Read more

Credit counseling became a mandatory part of the pre-bankruptcy process in 2005, when Congress passed a law reforming parts of the bankruptcy code. Specifically, the mandatory counseling rule was put in place because it was suspected that people who were actually able to pay their debts were turning to bankruptcy instead. The mandatory credit counseling  … Read more

Before filing your Dallas bankruptcy, it is mandated that you complete a credit counseling course. This is a mandatory step toward filing for bankruptcy whether it is Chapter 7, Chapter 11 or Chapter 13, but it is also a useful service for many individuals who may need guidance in their personal or business finances, and  … Read more

Credit card debt in the U.S. is at nearly $1 trillion dollars. With credit card debt spiraling out of control, many are turning to credit counseling services for help in alleviating this debt. While many – even most – credit counseling services are legitimate, the increased need for counseling has sparked many unethical and even  … Read more

It might sound like the most counter intuitive move ever, but many people are signing up for a credit card immediately after a Texas bankruptcy. While they might not realize it, people who exercise good money management with their new credit cards are rebuilding their financial profile. However, using a card to repair credit scores after a  … Read more

The most underutilized resource for debt management and financial advice is credit counseling services.  Many people have either never heard about credit counseling or they simply assume it is only for those seeking bankruptcy protection. While it is a pre-filing requirement for bankruptcy clients, there is much to be gained from anyone looking for financial  … Read more

With credit card debt averaging a staggering $7,122 per person, it is no wonder that credit counseling agencies have grown in popularity over recent years. Despite their promises of reducing debt and reestablishing financial health, there are many credit counseling agencies that are shady or flat-out bad. When facing unbearable credit card debt, many Americans  … Read more

According to a recent survey released by Reuters, over two-thirds of American households are living paycheck to paycheck. And the consumer debt statistics are just as bleak. With so many Americans struggling to develop a workable budget, it’s no surprise that many find a need for bankruptcy and many more seek the advice of a  … Read more

For most people, credit cards are a common financial tool used every day. They help make purchases with ease, can create a sense of security with accessing our money and may even be able to boost our credit scores; for others, they can simply be their downfall. Although few bankruptcy cases are brought about solely  … Read more