Bankruptcy

While bankruptcy will negatively impact your credit score, it can also be a way to take control of your finances when your level of debt becomes unmanageable. Making smart decisions after bankruptcy is integral to rebuilding your credit once again, and you can begin...

One of the most widely spread falsehoods about bankruptcy is that it is only for financially irresponsible, incompetent individuals. On the contrary, it is an effective tool designed by the government to relieve individuals of overwhelming debt that may not be due to...

Bankruptcy provides a solution for those who are unable to pay their debts and are struggling to make ends meet. If you are considering bankruptcy, you should understand the role that your tax returns play in the process. Not only do you need to ensure that you have...

Many people in South Carolina are finding themselves grappling with increasingly overwhelming amounts of debt. If you include yourself among them, you may be wondering whether you have any realistic way of paying off those debts and achieving financial stability. If...

One of the most undesirable consequences of defaulting on a loan is repossession. Losing a vehicle or other significant item can put you in a bind. However, sacrificing a piece of property may only be the start of your worries. A repossession also has consequences for...

Suffering with debt is already difficult enough without debt collectors making things worse and more stressful. In most cases, debt collectors abide by the laws set out in the Fair Debt Collections Practices Act (FDCPA). However, some will abuse their position of...

Dealing with credit card debt is difficult for anyone. People who have fallen into credit card debt once are also at risk of falling back into it in the future. How do you avoid this? What tips can you use to stay out of debt in the future? Change how you view your...

If you default on your mortgage loan payments, the bank or financial institution from which you obtained the loan can take possession of your property in a process called foreclosure. However, foreclosing on properties is not cost effective for lenders. Therefore,...

If you still owe money on your mortgage loan but are unable to pay it, the lender has the right to foreclosure on your mortgage and take possession of the property. In addition to potentially leaving you homeless, this can have a devastating effect on your credit....

When dealing with debt, the last thing anyone needs is to struggle underneath the unfair practices of a debt collector. To help combat this issue, the Fair Debt Collection Practices Act (FDCPA) came to be. Understanding how this works can help people in debt...