Do credit cards trick you into spending more?
Credit cards offer undeniable convenience, especially in an era where almost nobody carries cash – but credit card companies are masters at finding ways to subtly encourage excess spending. Study after study has found that people chronically spend more when they use credit instead of cash – and they don’t even think about the expenses in
Aggressive pursuits of collections by Alabama hospitals
There are many different types of debt people can accumulate, and it is quite common for people to have different attitudes toward different types of debt. For example, people generally recognize that payday lenders, car loan companies that specialize in bad credit financing and even many credit card companies will become very aggressive if someone
Facing lawsuit from debt collectors: Options for newlyweds
In the excitement of a newlywed life, dreams of building a home and future together can overshadow the financial challenges ahead. Accumulating debts from loans taken to furnish this new life can lead to unexpected issues. This includes the possibility of facing a debt collector’s lawsuit. In such situations, Chapter 7 and Chapter 13 bankruptcies
What If I Start A Chapter 13 Bankruptcy And Then Lose My Job?
Chapter 13 of the federal Bankruptcy Code is what others refer to as the wage earner’s plan. It allows wage earners or business owners who earn a stable monthly income to feasibly repay their loans. They have the money. What Chapter 13 bankruptcy gives them is time. When you apply for Chapter 13 bankruptcy, you
2 Important Facts About Chapter 13 Repayment Plans
Many people who are struggling with debt will choose to file for Chapter 13 bankruptcy. Those with higher income levels can qualify for Chapter 13 bankruptcy and don’t have to worry about losing any of their property in the process. One of the main differences between Chapter 13 bankruptcy and Chapter 7 filings is that
Can Bankruptcy Help With Student Loan Debt?
Paying student loans long after you have left college behind can make you feel constant stress and affect your emotional well-being. Fortunately, there are ways to find relief when your financial situation becomes too much to bear. When paying your student loan has affected your life adversely, filing for bankruptcy can be an option. It
The High Cost Of Ignoring Credit Card Debt
Credit card debt is a common financial burden that can quickly spiral out of control if not managed effectively. Ignoring this debt can have severe consequences, impacting your credit score, financial stability and overall well-being. Below are some of the hidden dangers of ignoring credit card debt: Debilitating interest rates: When credit card debt is left
What Are The Effects Of Filing For Chapter 7 Bankruptcy?
Financial burdens are overwhelming. Too much debt could overtake your life, affecting your physical and mental health. Fortunately, you could declare bankruptcy if you need to. Doing so could provide you relief, helping you restart your finances. However, filing for Chapter 7 bankruptcy has specific repercussions based on your circumstances. The consequences are not strictly
Feds Approve $42 Billion Student Loan Forgiveness
Colleges can open specific career paths for students, but they’ve also become synonymous with student debt. Higher education costs have steadily increased over the past decades, forcing students to turn to loans that saddle them with debt that follows them long after graduation. While it’s far from entirely absolving each American from student debt, the U.S.
Can You Spend Money When Filing For Bankruptcy?
Filing bankruptcy can help you gain a fresh financial start by eliminating or reducing existing debt. It can force you to give up some control financially, but the court will not heavily watch over your expenses. Instead, the court will only use its authority to review your bank statements and other financial records to verify