Medical debt plays a big factor in causing many people to file for bankruptcy. It is the type of debt that the individual did not willingly enter into. Often these debts are so huge that the individual who is hit with them just has no way of being able to pay them. Individuals in this  … Read more

Nobody ever wants to get to the place where they have to make a decision to go bankrupt. Unfortunately there are many who do end up in this situation. Often it takes a great deal of thinking as to whether this is the right move or not. There are a lot of factors that have  … Read more

Creditors will act quickly if they feel that may be going for bankruptcy. This is often the case with landlords. If they bring the eviction notice to court and it is ruled on then your Dallas bankruptcy is not going to have much of an effect on stopping it. It is extremely important to get  … Read more

Students with outstanding student loans, homeowners with unpaid mortgages, and people who exceeded their credit limit while shopping all know the fear of accruing debt. If you’ve heard the horror stories of property being seized , debtors being arrested, and people going bankrupt trying to pay off their debts, and you may be terrified that  … Read more

When you decide to apply for a credit card, there’s a lot of fine print to read through. You’ll find information on the promotional time period, APR, annual fees, and more – but you might miss the information about universal default.  A Closer Look The term “universal default” refers to a commonly practiced credit card  … Read more

People often believe that if they only made more money, they wouldn’t have to worry about credit card debt. However, a recent story in the Wall Street Journal proved that this is not necessarily true. The story featured a website content controller who was making $200,000 a year and, even after declaring bankruptcy in 2005,  … Read more

If you are considering filing for bankruptcy in Texas you may have heard that it is good idea to stop making payments in the months leading up to your filing. Don’t do this. Purposely defaulting on your payments prior to filing for bankruptcy could prevent you from getting the help you need. Here’s why: Credit  … Read more

The average American family carries $5,000 or more in credit card debt. While this may not sound like an alarming number, credit card debt is one of those things that quickly slide out of control if you aren’t  careful. For  many people, their credit card is a financial tool for improving their profile; for others  … Read more

The Federal Trade Commission fields numerous consumer complaints each day about the debt collection industry. As they work to clean up some of the riffraff some companies are finding themselves under a mandatory shut down. Violators Not Tolerated The FTC has outlined rules that debt collection companies must follow in the Fair Debt Collection Practices  … Read more

If you are dealing with a financial hardship preventing you from making your debt payments you are likely to experience the harassing calls of a debt collector. While they do have some rights in contacting you to collect on a debt, there are many practices that are prohibited. Here are a few of the most  … Read more