Tag Archives: debt relief
Five Tips for Dealing with Significant Debt
Debt can pile up unexpectedly, and before you know it, you’re struggling to pay your creditors. It might seem insurmountable, but don’t give up. Instead, try these five strategies for managing your debt and getting back on track: 1) Ask for help. Your creditors are not rooting for you to fail. If you’re having trouble […]
Report: One-Third of Americans Struggle with Debt
The stigma of debt prevents most people from admitting their financial troubles. But according to a new study by the Urban Institute, more than one-third of Americans currently have debts in collections. About 35 percent of Americans — more than 77 million people — have debts delinquent enough to be sent to collections and reported […]
Why You Need a Lawyer for Debt Negotiation
If you have regular income but can no longer afford to make the minimum payments on your unsecured debt — credit card bills, medical bills, apartment leases, cell phone bills, utilities — your debt may be a good candidate for negotiation. Creditors may agree to accept less than the full amount of your debt under […]
Filing for Bankruptcy can Immediately Relieve Creditor Collections
Among the many benefits that come with filing for bankruptcy is stopping creditor collections. Once you file your Chapter 7 or Chapter 13 bankruptcy petition a special court injunction—known as the automatic stay — halts creditors from coercing you to pay on your debt. With few exceptions, most any creditor that you name on your […]
Coping with Financial Troubles
Struggling with debt not only can take a financial toll, but also an emotional and physical toll on you and your loved ones. The stress and anxiety of debt can be the source of tension, arguments or the onset of unhealthy habits, such as alcohol or drug abuse. Here, we present how you can deal […]
Have Faith, and a Plan: Tips to Restore Your Credit
Follow a Budget. Your budget is your spending plan that will help you live below your means, preventing you from accumulating unnecessary debt. Set money aside. Open a long-term account at a bank or credit union that offers low to no fees associated with withdrawing early. Financial experts recommend setting aside an emergency fund equivalent […]
Financial Troubles Can Hit Anyone: But There’s Hope
As the US unemployment rate continues to rise and fall unpredictably, and medical bills and credit card debt soar, more families hit hard by financial troubles look for solutions. No one is immune, not even the family of an Olympic champion who has the potential earning power of a Fortune 500 executive. Recently the mother […]
Does Bankruptcy Get Rid of Liens?
There are three basic types of liens and bankruptcy treats each type differently. Consensual lien. When buying a home or car you consent to the lender putting a lien on the property, which serves as collateral for payment default. This is a consensual lien. Statutory lien. A statutory lien is one created under statutes, such […]
Falling Behind on Debt—You DO Deserve Help
The dictionary defines debt as: something that is owed or that one is bound to pay. We have all been in some form of debt at one time or another. People accumulate debt for many reasons. Here are just a few: Job loss Medical bills Exhausted unemployment benefits Divorce/separation Victim of predatory lending Underemployment or […]
Debt Relief Options Come to Pennsylvania
If you are reading this — congratulations! It means you’re taking the first steps toward eliminating your debt. It is important to find a reputable debt relief attorney who will know what is best for you and your personal debt situation. Below are some different forms of debt relief options in Pennsylvania and throughout the […]
