In 2013, credit cards are a necessary part of life, especially if you want to rebuild your credit and regain the trust of lenders after a bankruptcy. Avoiding debt with a credit card might sound counter intuitive, but it’s possible and it’s the key to reestablishing or improving your credit. Healthy credit card practices are a  … Read more

Many people struggling with debt are tempted by the short-term fix of debt settlement. This option allows the debtor to pay the creditor less than they owe. Sounds great, right? Unfortunately, debt settlement is actually a massive knock against your credit score and the associated fees can offset what was saved. People serious about managing  … Read more

Since student loans are the only type of debt that cannot be discharged through a bankruptcy, it’s important for college students to learn how they can minimize their debts. By avoiding debt, students are laying the foundation for a stronger financial life and preventing future hardship. However, avoiding debt isn’t limited to strategizing how to  … Read more

Owing money on back due domestic support obligations can lead to swift action and steep consequences. In Texas, the laws regarding collecting unpaid domestic support payments are severe. Delinquency on a domestic support order can lead to property liens, wage garnishment, suspension of a driver’s license and bank account seizure. While this type of debt  … Read more

As national unemployment hovers around 7.9 percent, many Americans struggle managing debt without a steady source of income. While it may seem that debt management options are limited when unemployed, several strategies including loan modification can help ease outstanding balances. Many who have been jobless for 27 weeks or longer must reconsider their daily budgeting  … Read more

Unfortunately, the economy has pushed many of our aging citizens into tough decisions over their finances. While many have turned to the “working retirement” to make ends meet, many others have faced reverse mortgage challenges and the need for bankruptcy to help resolve debt troubles.  For our elderly, financial hardship can pose unique challenges. Limited  … Read more

There are some debts that do not qualify for a bankruptcy discharge. Does this mean they can’t be managed? The answer is, not necessarily. There are some ways to handle debts that cannot be discharged in bankruptcy. Difficult Debts Student loans, some tax debts, and domestic support obligations are all common examples of debt that  … Read more

If you’re looking at filing for bankruptcy, have already dealt with bankruptcy, or simply have an interest in financial history, it is well worth it to look into the history of bankruptcy. When dealing with something as complex as the bankruptcy process, you could expect the history of this process will be filled with interesting  … Read more

With so many financial decisions hanging over our heads each day, the idea of debt counseling becomes enticing. After all, having help with debt relief efforts can be the difference in a successful outcome or a return to the bottom of the debt barrel. However, not all debt counseling services are created equal and some  … Read more

When dealing with debt negotiations, you might need to know a good starting place. Where do you begin? Who should you get in touch with? What are your rights when it comes to a debt negotiation? These are questions that you need to answer before considering the negotiation process, and long before you actually enter  … Read more