Gambling is often perceived as a fun and exciting activity, but it can quickly turn into a financial nightmare for many. The average gambler loses a staggering $20,000 a year, and with the rise of online gambling, this issue has become more pervasive. A recent study shows that 16 to 24-year-olds in the United States […]
Does Filing for Bankruptcy Mean You Can Never Buy a House?
For many, the thought of filing for bankruptcy is daunting and often accompanied by the fear of never owning a home. However, the reality may surprise you. Many ask, “If I am filing for bankruptcy, can I buy a house again?” The simple answer is yes — filing for bankruptcy impacts your credit, but it […]
What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
You may qualify for bankruptcy protection if you are falling behind on payments, racking up debt, and barely making your minimum payments. Bankruptcy laws were enacted for such situations, but the process can seem daunting and confusing. You should know that there are different types of bankruptcies, and you must qualify for them. In this […]
What Happens to My Assets in Bankruptcy?
Worrying about what happens to assets in bankruptcy is common. Filing for bankruptcy can be daunting, especially when you are not sure what will happen to your assets. If you are considering filing for bankruptcy protection, understanding the intricacies of the bankruptcy process is crucial. This blog post will demystify what happens to your assets […]
Why Bankruptcy Help Is Personal to Me
Facing financial uncertainty can be one of the most daunting experiences in life, but bankruptcy help is available. It is a journey I know all too well, having walked a similar path myself. Starting a new business is an exhilarating yet risky venture, and for many entrepreneurs, it involves taking on significant debt, making sacrifices, […]
Pursuing a Loan Modification
A loan modification can be a great solution to a delinquent mortgage or unaffordable mortgage payments. It can enable a homeowner to avoid foreclosure and the loss of a home. It can also provide a solution when mortgage arrears are so high that an affordable Chapter 13 bankruptcy payment is out of reach. You don’t […]
Title: You’re Not Alone: Addressing Hidden Credit Card Debt
Alarmingly, one in three Americans keep their credit card debt a secret.[1] Concealing one’s debt often leads to further financial strain. Credit card debt won’t go away on its own so consumers that are facing ever-mounting balances need to face the music and act. It may be scary and uncomfortable, but by putting a plan […]
Federal Student Loan Updates: What Borrowers Can Expect in the Second Half of 2023
Introduction It is estimated that about 20% of adults in the United States have student loan debt and that about 93% of all student loan debt is federal.[1] The Covid-19 pandemic paused a variety of financial obligations: from mortgage forbearances to temporary moratoriums on evictions for non-payment of rent, to the interest-free student loan freeze; […]
Navigating the World of Credit
Introduction: Your credit reports and credit scores play significant roles in various aspects of your life, including loan applications, employment opportunities, and housing prospects. In this article, we’ll explore the fundamentals of credit reports and scores, their importance, and steps you can take to improve your credit health. Whether you’re aiming to secure a mortgage, […]
Student Loan Discharge – the more things change, the more they stay the same.
Over the last thirty-years student loan debt has nearly quadrupled.[1] Your average American carries student loan debt ranging from $25,000.00 to $50,000.00. Many people carry substantially more than that. When one is struggling financially student loans can feel like the proverbial straw that broke the camel’s back. And while deferment or income driven repayment plans […]
