Millions of people are in debt. You may be in debt because of credit card purchases, medical bills, student loans, high interest rates or late payments. These debts can be stressful and greatly impact your living. If you can not make these payments on your own, you...
Month: June 2024
Exploring some of the most common alternatives to bankruptcy
Many people struggling with high levels of debt and/or a drop in their income want to avoid bankruptcy if possible. They may look into other potential solutions for regaining control over their finances. There are several options available for those concerned about...
Credit counseling services: Helpful resources or scams?
Sometimes, people get in over their heads financially due to a lack of resources or education. They may have been unaware of that balance transfers can lead to a large amount of interest applied to an account all at once, for example. Seemingly minor financial...
Is there a minimum debt requirement for Chapter 7 bankruptcy?
If you are in financial distress and contemplating filing for bankruptcy, you may be wondering if there is a debt threshold required to initiate the process. Must you accumulate a specific amount of debt to qualify? The short answer is no; there is no minimum or...