Have you ever wondered about the different types of loans available to you? One option that often comes up is secured debt. But what exactly is it, and how can it benefit you What is secured debt? Secured debt is a loan where you offer an asset as collateral. This...
Filing for bankruptcy can be a terrifying prospect, especially considering what could happen to your hard-earned assets. Will you lose your home, your car or your savings? The uncertainty can be overwhelming. However, Chapter 7 bankruptcy, also known as liquidation...
Financial difficultly can strike no matter the strength of your family. It is not uncommon for even cautious planning to fail to account for devastation like medical emergencies, home repairs or divorce. Whatever the reason for the trouble, many Americans turn to...
Credit card debt can quickly spiral out of control, leaving you feeling overwhelmed and financially stressed. However, with the right strategies, you can take charge of your debt and work towards a more secure financial future. Below are effective methods for managing...
Bankruptcy often carries a heavy weight of misunderstanding. Many individuals grappling with debt find themselves tangled in a web of myths about this legal process. This blog aims to highlight common bankruptcy myths and provide clarity for those considering this...
Bankruptcy can feel like a fresh start, but what happens when you need to borrow money while still repaying your bankruptcy plan? You may need to apply for a car loan, pay rent or face other unexpected expenses. This blog will explore your options for borrowing while...
Filing for bankruptcy often leaves an unsavory impression, which is why some people choose to battle mounting debt instead, even if they are already at their wits’ end and unable to make timely payments. When paying off your debt seems too overwhelming, you may...
Struggling with student loan debt can feel overwhelming, especially when you have been juggling it along with other financial responsibilities. Fortunately, bankruptcy could offer you a path to relief. And understanding the 'undue hardship' standard is key to...
About 100 million Americans are weighed down by medical debt, compelling families to make difficult compromises. With growing medical costs, you might feel as though you're drowning with no way out. The struggle can make it challenging to maintain daily life and...
In Michigan, creditors have up to 6 years to collect credit card debt or to obtain a judgment on it. Michigan residents might find this information useful, as credit card delinquencies have reached an all-time high across the country. Federal Reserve Bank data The...
