When you enter bankruptcy protection and plan to keep a secured debt asset, such as a mortgage or car, you may be requested by your creditor to sign a reaffirmation agreement. This agreement is essentially a new contract between you and the lender that reaffirms your debt and personal liability for the debt. You  may  … Read more

When people think of bankruptcy they think of credit card debt. Although utility bills are a debt that can be easily discharged in bankruptcy, many people never take advantage of this type of discharge. Discharging Utility Debts Utility bill debts are unsecured debts because they are not secured against an asset as collateral.  Since these  … Read more

While credit card negotiations can significantly lower your overall debt burden and help you obtain a financial stability, it can also teach you valuable life lessons. Many people never consider the small life lessons that go hand in hand with debt and debt management, but these lessons can be valuable for your financial future. You  … Read more

You may have seen advertisements for companies that offer to pay you money now for money that you would be getting later. The most well known  of such companies is J.G. Wentworth, which says they will pay you “one lump sum of cash” and go by the slogan “It’s your money. Use it when you  … Read more

It is a bad habit that many people get into easily; using one source of credit to pay another debt. We may transfer balances or pay off one line of debt using another with a lower interest rate. While these actions may not be inherently problematic, they can complicate things when a person files for  … Read more

So  many of us get busy each day and never think twice about the current debt load we are carrying. No one wants to think about how far behind they are or how long it is going to take to get out of debt. However, you could be wasting valuable time or money by putting  … Read more

Times are tough and even debt collectors aren’t fairing well in the job market. Despite record high personal debt balances, the debt collection business is not as lucrative as one would think. Although intimidating and abusive debt collection practices are not new to the business, there has been a sharp increase in the number of  … Read more

The holidays are just around the corner and we all are hoping to provide our families with great gifts at an affordable price. As one of the most expensive holidays of the year, many families over extend themselves at Christmas. However, there is no reason we have to get further into credit card debt this  … Read more

A recent study suggested that most Americans have very little understanding of the range of debt relief options available to them. While many options may provide relief, they are not always equal. Since your financial situation is 100 percent unique, why would you choose a generic debt relief option? Before you sign any agreements to  … Read more

A homeowner contracted with Texas-based Homeland Septic to perform work on his septic system earlier this year. The homeowner brought up the issues to the company that the work was not completed as arranged, to which the company denied. The homeowner decided not to approve of the final work or bill of payment until the  … Read more