What is the snowball method?

Credit card debt is something that millions of Americans struggle to deal with every year.  Fortunately, there are strategies that can help prevent credit card debt from becoming overwhelming.  How does the snowball method work? The snowball method is a strategy that...

The Chapter 7 means test explained

What type of personal bankruptcy case to pursue can be almost as important a decision as the decision to actually file for bankruptcy in Michigan. The two most common options you have to choose from are Chapter 7 and Chapter 13. Many of those looking to file for...

What is a balance transfer card?

There are multiple ways to manage credit card debt: consolidation and specific payment methods like the snowball or avalanche method are popular ways to do so. Another method of managing credit card debt is to use a balance transfer card. A balance transfer card is a...

How can you avoid debt after bankruptcy?

Filing for bankruptcy in Michigan can provide you with a solution to reduce and effectively manage debt. With negotiations underway, you can look begin thinking about your future. One action you can benefit from is assessing your financial habits and determining which...