Spring cleaning often means getting rid of things in your home that you no longer need. The process can also include making sure your finances are in order. Use the time during spring cleaning your home to examine your budget, how much money you bring into your home, and how much money you’re spending on…
If you’ve filed for bankruptcy, there is virtually no need to hide assets. With a few exceptions, most property is protected from creditors under state and federal law. As such, there is absolutely no reason to be anything other than entirely transparent during the bankruptcy process. That said, it’s still a good idea to have…
It is evident that credit scores depend on an individual’s previous and recent financial status. But who is in charge of keeping track of all the information about one’s financial condition? The answer to this question is quite clear: the credit reporting agencies. These are companies that have the mandate to gather and compile data…
Secured credit cards are often marketed to individuals who have no or bad credit. While they look like regular credit cards, they require a security deposit. Secured credit cards offer an affordable and safe way to build or fix credit. While a deposit is required, a person will not lose money if they make their…
In America, it is perfectly reasonable to owe some amount of money, either to credit card companies, student loans, or other bank accounts. When paying off debts, it is essential for people to understand that they should pay some loans off before sure others. If you are in arrears for several obligations, it’s vital to…
While it is easier than ever to pay for almost everything with a credit card, this doesn’t mean it is the best choice for every purchase. The Federal Reserve noted that credit card debt surpassed $1 trillion in 2017, making outstanding credit card debt reach its highest point ever. Here are six things that Experian…
In many cases, the most challenging aspect of single parenthood is struggling with finances. A single parent has to carry a load that’s usually taken on by two people. They alone are responsible for the mortgage, household bills, and the childcare expenses. The help of alimony or child support might lighten the burden, but it’s…
Statistics from the Employee Benefit Research Institute determined that Americans age 55 and older face an increased rate of debt. From 1992 to 2013, the number of families with individuals in that age range struggling with debt rose from 53.8 percent to 65.4 percent. People who are retired have also amassed certain types of debt,…
In most cases, bankruptcy stops wage garnishment if the person files before the garnishment begins. Once a consumer files bankruptcy, creditors aren’t allowed to pursue them any further. Even the threat of bankruptcy is sometimes enough to stop a creditor. Suing for payment is often considered a wasted effort if a legal procedure is in…
Filing for bankruptcy is a stress reliever for most people. There are a lot of negative associations people have when it comes to declaring Chapter 7 or Chapter 13, but they aren’t all true. If you’re in the right financial situation and handle paperwork accordingly, changing your economic status through bankruptcy can help save you…
