Did a collection agency contact you about a previous debt that you’re not familiar with or you’ve already paid off? Is the collector insisting the debt is yours and demanding that you pay it immediately? Don’t give in! Before you entertain their claims or make any payment arrangements, you need to make sure that the …
How to Write A Debt Validation Letter to Collection Agency Read More »
Taxes have a way of sneaking up on us. And sometimes, we end up in a situation where we owe the IRS a lot of money in taxes. Thankfully, if you’re in over your head in debt, a chapter 7 bankruptcy will clear tax debt if the taxes meet certain requirements. Which Tax Debts Qualify …
When you are in debt, paying it off seems like an insurmountable task. There are many people who are in debt today who don’t know if they will ever pay it back. If you take the time to evaluate the debt you have, you will definitely find ways that you can utilize to pay off …
If you’re struggling to pay back your loan because of your current financial circumstances, you may apply for a loan modification from your lender. A loan modification involves changing the terms of your existing loan to make its payment more manageable. It’s one of the options to avoid foreclosure including filing for bankruptcy. As long …
Can the Bank Foreclose During a Loan Modification? Read More »
Financial hardships may come at some point, and sometimes your only way out is through bankruptcy. Can you file it without your spouse? Yes, you can file bankruptcy without your spouse if you’re struggling financially and you need debt relief. However, you need to remember that the filing may also have an impact on your …
Can you file Bankruptcy Alone while Married (and how it affects your spouse)? Read More »
When you need to file for bankruptcy, it can be a stressful time. As you struggle to find the right solution, there are many things that can make this process even more complicated than it needs to be. We’ve all heard horror stories about people losing everything during bankruptcy but this is not entirely true. …
Managing debt is no easy feat, and it can especially be scary during your retirement years. And unfortunately, it’s something that many seniors deal with; according to Forbes, 30% of seniors over 65 were still paying a mortgage in 2019, millions still had student loans, and over had still carried some kind of debt. If …
5 Tips to Help Seniors Manage Debt During Retirement Read More »
You’ll have no time to think about tax debt when your loved one dies. However, the IRS debt won’t go away. It needs to be addressed at some point. The question now is who is responsible for IRS debt after death? The decedent’s (deceased person) estate administrator or executor will be responsible for paying off …
Drowning in debt might be one of the most stressful predicaments you can experience in your life. Aside from the inability to pay, creditors will be pressuring you to pay your due obligations. This situation is not a pleasant one. How can one prevent or recover from insolvency? Perhaps, you’ve heard of the term “debt …
You know that payday loans are a bad idea. They’re expensive and they trap people in ways that are hard to get out of. Even if you’re telling yourself not to take another payday loan, you can’t help but get one again when the money becomes tight. That’s because payday loans seem like such an …
