Oftentimes, those contemplating bankruptcy have maxed out their credit cards or have been recently served by a lender who is tired of waiting for them to pay the full balance that they owe. For someone just barely able to afford their basic expenses every month, the...
When many people think about bankruptcy, they automatically think about Chapter 7 bankruptcy. This is a type of bankruptcy used for people who are likely never going to have the financial resources to pay off the debt that they owe. They will use it to liquidate their...
Debt that is impossible to pay down or off affects life in many ways, from parenting to working to your mental outlook. The constant worry and stress can also affect your physical health, often leading to high blood pressure and other ailments. Once you decide that a...
You may have spent years saving for the down payment on your home and even longer making mortgage payments. Unfortunately, until the day that you submit the very last payment due, your home is still at risk of foreclosure. Your lender can potentially take you to court...
The average adult in the United States requires multiple forms of credit to maintain a fully operational household. They may have purchased their home with a mortgage and their vehicle with a loan. They may use short-term loans or financing for medical care and credit...
Bankruptcy is a powerful financial tool for those having difficulties paying off their personal debt. A successful bankruptcy filing will result in the discharge of someone's unsecured debts. Depending on the type of bankruptcy an individual files, they may need to...
Credit card spending has been rising since the start of the pandemic in 2019. Estimates suggest an increase of anywhere from 14 to over 33 percent in credit card spending. If you are among the millions of people who increased credit card spending in the last couple of...
Millions of Americans carry medical debt. According to the Consumer Financial Protection Bureau, most people owe hundreds or thousands of dollars in medical bills. Owing this much can be financially devastating for individuals, affecting everything from where they...
The last two years have been incredibly stressful on Pennsylvania families who have struggled with illness, job loss and emotional distress. And for many people, their financial situation has taken an enormous hit, especially during the last year. Looking at the...
People often dismiss bankruptcy as an effective debt relief option because of misconceptions and fears. One fear is that filing for bankruptcy will destroy their financial future. However, you can recover from bankruptcy. People do it all the time using some of the...
