Recent studies have shown that less than one-third of  Americans are financially literate. In other words, only one-third of us understand the importance of money management and have the skills necessary to keep ourselves out of financial trouble. This suggests that one of the main problems with personal debt in America is the failure to  … Read more

Everyone has a unique financial situation and no two people share the same debt burden, unless perhaps they are married. Because everyone’s situation is unique it often begs the question, Will my debts qualify for bankruptcy? Yea or Nay? Debts fall into one of two categories: unsecured debt and secured debts. Secured debts are those  … Read more

Conflict over finances is the number one factor in divorce today. Money troubles and debt can put a strain on even the strongest relationship, which is why effectively managing money in marriage is so important. With so many options available to help couples deal with their debt, all it takes is a little time and  … Read more

Medical debt troubles have long plagued our society as the costs of healthcare in the United States is much higher than that of other nations. Even those who have insurance coverage have found themselves in debt over medical bills when serious and unforeseen medical conditions arise. Although medical debt is one of the easier types  … Read more

When it comes to dealing with debt collectors many people quickly become overwhelmed or bullied into unnecessary decisions. Their harassing tone and persistent techniques can be unbearable for most people. The biggest problem consumers face in handling debt collections is not knowing their rights or their options when creditors violate the rules of fair debt  … Read more

Dealing with debt collectors is not an easy job. In fact, our government has invested more time and money into regulating and investigation allegations of fraud in the past few years than ever before. Unfortunately, their efforts are proving to be much needed as several new scams are popping up and costs innocent consumers millions  … Read more

Although any consumer maintains the right to enter credit negotiations directly with a creditor, many people are afraid of the process. Rather than seek help through a randomly chosen third party debt relief company, consider hiring a debt negotiation lawyer for the following reasons: They know the law: Many people never expect for the law  … Read more

Personal debt burdens are soaring and bankruptcy filings have topped the charts for quite some time, but a new consumer group is seeking to change the face of debt among Americans. The Consumer Financial Protection Bureau is a new federal watchdog agency that is making a big impact in the lives of consumers around the  … Read more

Managing debts is a hassle at anytime, but trying to manage them later in life can pose unique challenges. Many retirees face limited incomes, medical conditions and problems negotiating their debts when needed. It is important to understand how debt relief options are best used depending on one’s financial situation.   Time To Relax Retirement  … Read more

A big factor in the foreclosure crisis has been the unemployed and  underemployed.  Individuals in both of these categories face additional challenges with their mortgage debts than the traditional borrower. With limited options and the unlikelihood of securing a loan modification, many borrowers struggling in the job market have few places to turn. Luckily, one  … Read more