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Reasons Why Some Cannot Avoid Bankruptcy
Published on 12/20/2020For most people, the decision to file for bankruptcy can be a difficult one and it is generally recommended for them to avoid it as long as there are other options available. However, there are some financial situations where it is the only credit solution possible. Even as some people are very responsible with paying off their debts, some situations may arise where they have no other choice.
Understanding Debt: What are Good and Bad Debts?
Published on 12/20/2020The word "debt" scares most people off. Yet, not all debts are bad. In fact, sometimes it makes financial sense to be in debt. Confused? Here is a general guide about good debts and bad debts.
Debt Settlement vs. Debt Consolidation
Published on 12/20/2020The debt settlement versus debt consolidation decision-making process can present something of a challenge. However, choosing the correct method for settling credit card debt, small loans, or medical bills is not nearly as complicated as it may initially seem.
Selling Assets Before Bankruptcy?
Published on 12/20/2020Everyone wants to protect and save their personal property from loss during a bankruptcy. Filing a Chapter 13 bankruptcy petition typically does not prohibit someone from selling or buying assets prior to the action since liquidation is not a required component. A Chapter 7 bankruptcy, however, requires that the petitioner's assets be liquidated to pay creditors as much as possible. The temptation to sell or transfer assets to others is strong; avoid the temptation.
Protection from Identity Theft: Keeping a Good Name and Credit Rating Safe
Published on 12/20/2020Avoiding identity theft doesn't always mean buying expensive identity protection services. While many people purchase these and find them very beneficial, other people prefer to do things on their own.
North Carolina's Outer Banks
Published on 12/20/2020On North Carolina's Outer Banks, names like Kitty Hawk, the Wright Brothers, Blackbeard, and The Lost Colony stir young imaginations. The barrier islands, on 130 miles of unspoiled coastline are lands of historical firsts, providing families with endless activities to experience the region's rich past and nature in a hands-on way.
The Wage Garnishment Process and Collections: Can a Debt Collector Garnish Wages Over an Unpaid Debt?
Published on 12/20/2020Wage garnishment is a very real fear for many individuals who owe debts that they are currently unable to pay. Laws are in place, however, to protect consumers from losing too much disposable income to garnishment.
Debt Settlement Benefits and Disadvantages
Published on 12/20/2020Every consumer who encounters a monetary setback wants to financially recover as soon as possible. However, consumers need to be well informed before making a final decision concerning a debt recovery procedure. For many consumers, a debt settlement plan is the chosen path of action to reclaim financial stability. Is this plan designed for every consumer?
Landlords to Screen Tenants' Credit for Free: New Web Site Helps Property Managers Find Perfect Tenant
Published on 12/20/2020Adrian Waters, a Baltimore, Maryland, area business man, created a website that provides background and financial checks for landlords at no cost to the landlord. Currently, landlords have to pay thousands of dollars to research that information, or they don't spend the money and get a bad tenant.
Ways to Reduce Christmas Spending: Enjoying the Festive Season and Avoiding Credit Card Debt
Published on 12/20/2020Christmas may be a time that people look forward to, but it is also a time of great concern. If already struggling with credit card debt the cost of the Christmas holiday can be an unwelcome addition. Thankfully, there are still a number of ways that enable people to enjoy the festive period and reduce Christmas spending.
Understanding Family Financial Planning: Steps Involved for Families When Getting Professional Money Advice
Published on 12/20/2020Unlike singles, couples with children have extra financial responsibilities. They have to manage their money well and plan for future finances such as family health insurance, childcare costs, children's education, managing taxes, and retirement planning. While many households manage family finances well without any outside help, those who have sought advice from financial planners have been successful in planning for their families' future.
Credit Unions Are a Safe Choice: Financial Cooperatives Make Good Financial Sense
Published on 12/20/2020With the multitude of financial options out there, it can be hard to choose the right institution. They all seem to offer something special that sounds like the perfect choice. But, in good times and bad, consumers will typically get the best value from a credit union.