A recent trend in the credit lending industry has been to offer loans with no credit check required. While these loans are not inherently bad for consumers, the types of consumers they tend to attract can be risky. Often targeting those with bad credit, having filed for bankruptcy or ended up in foreclosure, these loans  … Read more

Many people are attracted to short term loans because of their quick and easy money appeal. However, title and payday loans can carry some steep consequences for default. Besides having larger than average interest rates and the possibility of asset seizure, they can be quite tricky to manage in bankruptcy. Discharging Debts Since short term  … Read more

Having a vehicle repossessed when you are already experiencing financial troubles is likely to just worsen the problem. With no transportation, getting to work can be difficult and even impossible for some families. While no one sets out to default on their car payment, it does happen. Fortunately, filing for bankruptcy can help. Chapter 7  … Read more

Going through a bankruptcy can be a troubling time for most people. The fear of damaged credit and inability to secure loans in the future is often a big source of fear. However, securing a mortgage loan after  a bankruptcy is not impossible. While it may take more planning and effort than in other circumstances,  … Read more

Most people talk about loan debts in terms of whether they are considered  “secured” or “unsecured” debts. However, there are some loans hold either of these titles but are handled very differently from a traditional type of debt. Personal Loans There are two big distinctions in personal loans: (1) bank loans/lines of credit and  (2)  … Read more

When deciding to file for bankruptcy, knowing which type of bankruptcy protection is best can be difficult. Besides the obvious differences in qualification standards, your debts and assets play a big role in deciding between bankruptcy cases.  The type of debt you are carrying is highly important when choosing which bankruptcy filing to pursue. Types  … Read more

Dealing with secured debts in bankruptcy is not always as easy as managing an unsecured debt. In order to keep possession of the asset, the debtor will need to continue making payments on the secured debt. Although keeping a secured debt asset in bankruptcy will require payments to continue there may be a way to  … Read more

Television and radio advertisements often push debt relief or financial products like short term loan options. While these options may be appealing to those experiencing financial hardships, they often cause more problems down the road. In general, it is best to stay away from short term or payday loans for the following reasons: They carry  … Read more

A growing concern among economists is the rapidly increasing trend of student loan debt. The debt itself isn’t the only problem, but the subsequent number of defaults that occurs as a result has many worried about what the future holds. Many young adults over-borrowed and with few job market options available at salaries high enough  … Read more

Many people who lease a car may not know that they are in jeopardy of losing the vehicle if they default on the payment.  Leasing a car does not get you out of certain hazards simply because you do not have a formal loan on the car. A car lease is treated similar to a  … Read more