Debt collectors are known for their persistent ways when it comes to collecting on debts. They may call you, send letters and even try to find you through friends or employers. While no one likes to deal with creditors, ignoring your debts is the worst thing you could do. Instead of worrying about dodging calls,  … Read more

Many people are in over their heads with debt, and many more will make big mistakes when it comes to debt relief. While you may not have to file for bankruptcy or seek the help of a professional to get out of your debts, there are a few things to avoid in your quest for  … Read more

Although a short sale may indicate tough times for the seller, avoiding foreclosure is generally a positive thing. For buyers, short sales mean big savings and a great deal on a home. However, there are some things to consider before taking the leap into the short sale market. Know This Short sales are known for  … Read more

You may be surprised to learn that many creditors have limited rights when it comes to collecting on a debt. Secure debts, like car loans and mortgages, can be seized and liquidated; however, unsecured debts, like credit cards and medical debts, do not have repossession rights. This means that their collection efforts are greatly challenged,  … Read more

Debt can be a stressful occurrence for anyone, but debt in marriage can be an entirely different matter. Money trouble is the number one reason for divorce in America and many people simply fail to address their financial problems until it is too late. However, money and debt can be better managed by following a  … Read more

These days there isn’t much you can’t find on the internet, including one’s personal and some basic financial information. The lack of privacy around the internet is astounding and many companies are now using social media sites as tools for debt collection. Shame Tactics A video store in Harnett County, North Carolina has taken a  … Read more

Creditors can be very intimidating and persistent when it comes to debt collection. They may threaten wage garnishment or legal action. While some creditors do go as far as obtaining a court order to collect on the debt, a recent report suggests that these lawsuits are often flawed and full of holes. Consumer Awareness Most  … Read more

You may have heard the saying “Cash is King”. While this statement may hold a lot of power, it certainly isn’t the rule. In fact, there are situations in which cash isn’t always the best option. Cash or Credit? Debt is a growing problem in America and the average family holds over $10,000 in credit  … Read more

Debt is a common occurrence among most Americans. In today’s economy, our personal debt burden is growing at a much faster rate than in years past. As we grow closer to unmanageable debt burdens, many fiscally responsible families are finding themselves in need of bankruptcy protection more than ever before. Slippery Slope One of the  … Read more

Many of us are carrying a hefty debt burden. Even if your debts haven’t become problematic, most of us would quickly suffer if financial hardship strikes. Unfortunately, many people wait until trouble strikes before taking action against their debts. If you haven’t already made a plan to get out of debt, you may want to  … Read more