Using a credit union is generally a positive experience. They were established as an alternative to traditional banks, serving their community with more affordable options. Credit unions offer lower interest rates along with membership status to everyone they serve. Being a member comes with the privilege of being a part of the one-person-one-vote system of…
Filing bankruptcy can be a tedious process to do on your own, which is why it is imperative to choose the right lawyer when seeking legal counsel. To ensure your case goes in qualified hands, you must show due diligence by making your selection with proper consideration, and not on a whim. There are many…
When filing Chapter 7 bankruptcy, you should avoid a few things to ensure the smoothest process possible. Bankruptcy is a legal decision a person makes when it becomes apparent that a debt situation is looking unrecoverable. It’s often one of the most challenging financial decisions in a person’s life; therefore, if you’re facing bankruptcy, you…
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…
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…
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…
Debts are part of everyone’s day-to-day life. Most people use credit cards, take out loans, and finance large purchases at some point in their lives. There is such a thing as good debt, and that’s the kind that gets you a higher credit rating. On the other hand, a person can overspend. Sometimes there are…
The “golden years” have often been seen as a time of security and relative prosperity, but an increasing number of American seniors are finding themselves facing financial difficulties. This issue is made worse by the fact that longevity is increasing among Americans while their pensions and retirement savings may be decreasing or perhaps disappearing completely….
