Losing a loved one brings a lot of stress to a family. Not only are there emotional scars that must be dealt with, there can be severe financial consequences too. If the spouse was a source of income for the family finances and debts can quickly become out of control. Further, the surviving spouse could  … Read more

While multiple solutions are advertised everyday for finding debt relief, they are anything but one in the same. One of the biggest challenges for dealing with debt is finding the right solution. Before giving up and going with whatever seems easier, it is important to know why some options should be considered or avoided altogether.  … Read more

Lowering debt payments by rolling them into one, nicely packaged deal seems like a good idea, right? While consolidating debts can be beneficial in certain situations, it should by no means be the default measure for anyone looking to resolve their debts. Here’s why: You are taking out another loan — most people don’t realize  … Read more

With the recent evolution of debt collector practices, many consumers are afraid of what might come next. Debt collection now goes far beyond calls to your house after dinner and have moved into text messages,Facebook notifications and even calls to your employer. With your personal reputation on the line, knowing exactly what rules debt collectors  … Read more

Prior to the recession, consumer spending was running high and there was a major credit boom. Now that economic times have become tough more Americans are dealing with personal debt burdens that threaten their homes and way of life. With more on the line now than ever before, the debt burdens we carry have come  … Read more

Medical debt has become a major source of personal debt among Americans in recent years. With so many uninsured or underinsured people, a simple trip to the emergency room can cost thousands. As one of the largest debt sources contributing to bankruptcy filings today, medical debt is a major burden for many families. Luckily, there  … Read more

Debt collectors are not known for their pleasant ways. Most border on the brink of harassment and threats. As a consumer it is our job to keep them honest when dealing with debt repayment issues. Besides getting out of debt we must also worry about handling the situation with grace and dignity. Know Your Rights  … Read more

In today’s economy it can be tough enough to save for our retirement, let alone worry about resolving debts before we get there. However, carrying debt into retirement is likely to cause financial hardships within a few short years. Why? Most people live on fixed incomes in retirement, especially those who receive government assistance.  The  … Read more

No one wants to be in over their head in debt, but pursuing a structured debt settlement or filing for bankruptcy isn’t always the best idea. In fact, there are some situations in which certain debt resolution strategies may actually work against you. Before agreeing to a drastic debt reduction solution, evaluate whether your situation  … Read more

When it comes to dealing with creditors, most consumers end up stressed out and feeling alone. While debt collections are not easy, there are a few things every consumer should know about handling the process with grace and ease. In general, there are a few actions that should not be taken when dealing with creditors.  … Read more