A path exists for people who file Chapter 7 bankruptcy to keep property subject to seizure by creditors. Sometimes, people may use assets, such as homes or vehicles, as collateral for debts. Lenders may place liens on such property, allowing them to repossess or...
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Month: February 2020
Does it make sense to take out a loan to pay for debt?
Your current financial predicament has led you to tread unexplored waters in search of a viable solution. Should you consider taking out a personal loan to dig your way out of credit card debt? CNN Money examined this question for your consideration. See how to make...
What is the “snowball” method of debt reduction?
There are as many ways to guide getting out of credit card debt as there are ways of getting into it, it seems, and this amount of choice can seem overwhelming. One of the more popular ways to get out of debt is the "snowball method," which was popularized by Dave...
What are some strategies for managing credit card debt?
If you are struggling with credit card debt, you are not alone. The good news is that there are a number of different strategies that you can employ to help get yourself out of credit card debt. According to Nerd Wallet, some great tips are to pay more than the...
How does filing Chapter 13 benefit you?
If you are thinking of filing for bankruptcy as an individual consumer, you usually have two choices available to you: Chapter 7 or Chapter 13. Chapter 13 involves proposing a repayment plan in which you will pay back at least some of your debt. Eligibility...
