Bankruptcy should always be a last resort (see our Debt Relief Options page for bankruptcy alternatives). However, if you are determined to file bankruptcy, then please take your time and don’t rush the process. It is more important to ensure that all your bases are covered than to make a mistake that may cost you… Read more »
Debt Relief Blog
The Holidays are Here: 6 tips to AVOID HOLIDAY DEBT
The holiday season seems to be a season of excess. Eating too much pie or drinking too much eggnog is one thing. Charging too many gifts on your credit cards is another.
What the Mortgage Forgiveness Debt Relief Act means for you
Mortgage Forgiveness Debt Relief Act In the past, homeowners using short sales or deeds in lieu of foreclosure were required to pay tax on the amount of their forgiven debt. However, the Mortgage Forgiveness Debt Relief Act of 2007 (H.R. 3648) changes this for certain loans. This Act, which has been extended through 2012, allows… Read more »
Your credit report card
Your credit score is like a financial report card, and like a report card you are usually not the only one to see it. Applying for loans, mortgages, bank accounts, and new cars loans all require a credit check. There is much more that goes into building a good credit score than just paying your… Read more »
Short Sale or Foreclosure: Which one is better?
Short Sale or Foreclosure? The decision to do a short sale or to let your home go to foreclosure, is not an easy one. While for some homeowners, it is easier to throw up your hands and let the bank take your home, that might not be the wisest thing to do. Benefits of… Read more »
Low Credit Scores Raise Insurance Rates – WHY?
There are only three states, Claifornia, Hawaii, and Massachusetts, that prohibit insurers from using credit information when calculating premiums. If you live in one of the other 47 sates, your low credit score could affect your insurance premium.
Know your rights when Dealing with Debt Collectors
Getting behind on bills is a scary position to be in. Dealing with debt collectors is never fun, but the good news is that even if you owe money to a creditor, you still have rights. The Fair Debt Collection Practice Act (FDCPA) It doesn’t matter if the collector works for a collection agency, a… Read more »
What to do if you receive a summons
The doorbell rings and you are handed a summons regarding one of your past due credit accounts.
Hard Pull vs Soft Pull – What is the difference?
When most people think of a credit check, they think of this vague thing where the someone checking their credit puts in their name and other private information and gets this number along with everything they have ever done wrong financially. However, it’s a little known fact that there are actually two kinds of credit… Read more »
Your Credit Report and Credit Score: Everything you need to know
As you are working to clean up your debt, it is extremely important to order copies of your credit report and credit score. You can easily get a copy of your credit report for free and your credit score will cost your around $15. The information found on these reports will directly affect the interest… Read more »
Controlling Your Debt
As if the lingering recession weren’t enough bad news, three new surveys show Americans still struggle with serious debt – and debt collectors.Source: Money Talks (http://s.tt/12Wdb)
3 Ways to Remove Yourself From a Co-Signed Loan
We talk to a number of people who regret signing on the dotted line for their sister, best friend, boyfriend…… If they had just listened to Judge Judy in the first place, they would not be in this position. You should NEVER co-sign a loan for someoen unless you are married to them! That being… Read more »
Can you file bankruptcy with student loans?
Student loans are a necessary evil for most people. In order to get a good education after High School, you apply for scholarships, grants, and any other sort of financial aid available. If you are very lucky, you have a college fund set up and ready to pay for that fancy education. If you are… Read more »
How to Read a Credit Report
Reading a credit report can be confusing, but it is much more simple than you think. This video from About.com will walk you step by step through a credit report and explain just what it is you are looking at.
It’s Time to Make a DEBT PAYOFF PLAN
Worrying about your debt won’t make it go away, but for millions of Americans the stress from deepening debt is becoming a major pain in the neck – and back and head and stomach! But stressing about your debt won’t make it go away.