The holidays come with a lot of social pressure. People want to give gifts to their friends and families. They feel like they need nice outfits for religious ceremonies or office parties. There may also be pressure to travel or to host family members at their homes....
Be Debt Free
Year: 2021
3 steps toward repairing your credit after a bankruptcy filing
A successful bankruptcy filing can benefit an individual in numerous ways. The automatic stay will stop pending lawsuits, repossession efforts and other collection activity. The eventual discharge of your unsecured debts will prevent future collection efforts on those...
Credit card debt doesn’t have to cripple you
Credit cards are a handy financial tool as long as they’re used properly. You should ensure that you’re able to make the monthly payment when you charge things. Unfortunately, you can’t see into the future, so you never know what’s going to happen. For some people, an...
Bankruptcy filings fall in 2020 for most people in the U.S.
Each year, the government releases information on the total number of bankruptcies that have taken place. In January 2021, the United States Courts reported that there was a 29.7% decrease in the number of bankruptcy filings from 2019 to 2020, which may have been...
A common bankruptcy myth: It’s all your fault
One of the most common myths that people buy into about bankruptcy is that, if you file, it’s all your fault. In fact, this is, unfortunately, a reason that many people choose not to file. They worry about what friends, family members and business associates are going...
Can you file for bankruptcy more than once?
Unexpected expenses or limited know-how in managing credit often lead individuals to pursue bankruptcy. Since people are required to take classes to learn about budgeting and debt avoidance as part of the bankruptcy filing process, many people would assume that they...
3 tips for rebuilding your credit after a bankruptcy
By the time you file for bankruptcy, your credit will likely have already taken a significant hit. It will drop even further when you file. However, after your discharge, you are in a unique position that allows you to rebuild financially. Taking the right steps after...
How do you know what form of bankruptcy to choose?
Everything that matters in the life of U.S. residents typically requires making decisions. Even when you have chosen debt relief through bankruptcy, you must still make at least one more critical decision—what form of bankruptcy best meets your needs. These decisions...
Do you have to fully repay your debts in a Chapter 13 bankruptcy?
There are several different kinds of personal bankruptcy available. If you own significant personal property or have an above-average income, then Chapter 7 or liquidation bankruptcy may not be the best option for you. Chapter 7 bankruptcy would require that you sell...
New bill could help Alabama residents crush student loan debt
Going to college represents a step on the ladder to a lucrative corporate career or becoming a business owner for many Alabama residents. They felt that taking out student loans to complete their education was the right move because they expected to find a well-paying...