TV ads abound for Debt Settlement Companies, but they may cost you far more than their promises. These companies promise fast, inexpensive solutions. You should at least be wary of them. As a bankruptcy attorney, I’ve seen plenty of people and
Debt problems often lead to divorce which in turn can lead to bankruptcy. Studies have shown that the biggest single stressor on a marriage is debt and money issues. You may have many other reasons to seek divorce, and the reasons often overlap.
Your credit score is important in so many ways. You'll obtain loans at lower interest rates; find it easier to rent an apartment, a job, and utility service: and your car insurance premiums might even come down. Okay, so most people know that.
There are new rules for credit reporting agencies, starting July 1, 2017 What is NOT Reported Starting July 1, 2017 the three major credit reporting agencies (Equifax, Transunion, and Experian) will stop reporting most judgments and tax liens on
Lots of people feel poorer in Ocala, Marion County, or anywhere in mid-central Florida. The recession, inflation, and lower wages make most Americans feel poorer... because they are!! THE GREAT RECESSION Mid-wage occupations (paying $13 and $21 per
Disability, even temporary, is an unwanted life event that can wreck your finances. Disability income never replaces total income. Bankruptcy might help if you’re off-track because of an accident or illness. You should know these things about
If Your Car Is Underwater – What Are Your Options? Would you be surprised to discover that your car is underwater? Not underwater in the sense of being wet, but in a financial sense. You are "financially" underwater if you owe more on your car
7 Things to Know About Renting an Apartment or House After Bankruptcy Many clients ask me about renting an apartment or house after giving up their house in bankruptcy. First, you usually don’t have to give up your existing house or apartment, but
It’s the classic Catch-22. How do I pay for bankruptcy when the problem is there isn’t enough money to pay my debts? But there are ways. You can afford bankruptcy. You may find some solutions obvious, and you may need to be creative for others. STOP
Credit Unions can be great - but beware of auto loans and your own account. There’s an old saying: “a banker is the kind of person who will offer you an umbrella when the sun is shining...” On the other hand... Credit unions sometimes offer
WHEN CAN I GET A MORTGAGE AFTER I FILE BANKRUPTCY? This is a question I am often asked when someone is considering bankruptcy. Most people already have a sense that if a mortgage is their goal, clearing up old debt will be a good step towards that
4 Options to Get a Loan with Bad Credit If your credit is bad or you’re just starting to build credit from scratch, you might feel shut out of opportunities to borrow money. Having bad credit can be a roadblock for a loan from a traditional
THE MEANS TEST AND CHAPTER 7 BANKRUPTCY In General In some cases, the means test determines who can file for complete debt forgiveness through Chapter 7 bankruptcy. Chapter 7 eliminates most unsecured debt. Chapter 13 requires a long-term, partial
Being in debt might mean that you’re not able to afford the basics. You're also struggling to pay your bills, dealing with harassing calls from debt collectors. Mostly, you feel like there’s no way out. Despite all these negatives, many people think
You are safer using credit cards than debit cards. Credit Cards fall under the 1974 Federal Law called the “Fair Credit Billing Act.” Among other things, the law provides that if there is fraudulent use of your credit card, you can never be held
After filing bankruptcy, it’s a good idea to check your credit report and follow these 3 steps to fix errors on your credit report, especially in how your discharged debts are listed. The fact that you filed for bankruptcy can be reported for up
To rebuild credit after bankruptcy, it may be easier than you think. Most of my clients have some sort of new credit within a year or so after their case is over. Here are 5 tips to rebuild credit: 1. Get a “secured” credit card. This is
These calls can drive anyone crazy! They start first thing in the morning and can last until late in the evening. The callers often say the same things over and over again: “When can you send money?” “Why don’t you sell this or do that?” Or
Bankruptcy might leave you wondering how to "jump-start" your credit. Both your credit score and credit availability. Secured Credit Cards can be helpful to improve a bad credit score. They can also help you start to build one from scratch.
Your credit score is often called your “FICO” score. FICO is actually a private company, so it doesn’t share its formula (or algorithm). It tries to keep most of it secret so it can sell its scores to credit agencies and others. Nevertheless, it