Joint bankruptcy is when a husband and wife file for bankruptcy together or “jointly.” Before you decide on whether you should file individually or joint, you need to look up the pros and cons of the situation as well as, keeping in mind what your ultimate long and short term financial goals are. The Disadvantages [...]
If you are filing bankruptcy in Oregon you will need to know to what extent this law will provide relief, and what loans are not covered under this law. Filing bankruptcy in Oregon is a good option if any of the following statements apply to you: - Your bills are too long overdue and you [...]
Most people do not really understand the full implications of bankruptcy. The reality is that bankruptcy is not a new bed of roses, although someone in deep financial troubles can perceive this relief as such. First of all, not everyone will qualify for bankruptcy. After the bankruptcy laws were amended in 2005, there were many [...]
It is a myth that bankruptcy solutions will cover all financial problems. There are many debts that bankruptcy will not resolve. Before you declare bankruptcy, you need to be aware, which of your debts will not be covered under bankruptcy relief. Some debts that will not be covered are: 1. Student loans – This loan [...]
We hear a lot about debt counseling and everyone can agree that it is a good service to utilize in theory. Most credit repair agencies offer debt counseling for free making many consumers question its actual value. People who hire credit repair agencies feel that they are buying services only to eliminate their debt and [...]
I have seen many ads for credit repair services and some of them are beyond preposterous. They scream credit repair fraud in capital letters, but even so, people pay attention to them and many even believe them. Some examples are, “We can make your negative entries disappear”, “Guaranteed jump in credit score”, “Bankruptcy can be [...]
Most people who have a low credit score feel that they cannot find credit lenders in the market any longer. This is not true. You can. There are plenty of poor score credit lenders out there who make a living by catering to this corner of the market. It is not very difficult to find [...]
I have been asked this question many times. Why do you need to increase your credit score? The answer is simple- a good credit score offers you the best options in financial matters. You can get a loan, mortgage, credit card and most other benefits even if you have a poor score. So why bother? [...]
Have you heard of the Fair Debt Collection Practices Act? This is a law specially designed to protect the rights of people who are lost in debt. Yes, it is wrong to use your credit beyond your capacity of repayment; but even then, consumers still have rights that protect them from undue harassment and pressure [...]
Bankruptcy should be the last recourse when you run into financial problems. Such a drastic measure can leave most people feeling utterly depressed at the prospect of having to bear the mark for 11 years. It is true that your credit report after bankruptcy looks bleak, but you can use this time as a hard [...]
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