Credit card debt can quickly accumulate and lead to financial troubles. The problems usually stem from people not understanding how to smartly use them. According to Credit Karma, credit cards can be a great way to build your credit as long as you follow a few rules...
When you struggle with debt, you will likely deal with a debt collector at some point. This unfortunately means you may have to contend with some unpleasant interactions. However, the Fair Debt Collection Practices Act (FDCPA) can protect you from the worst of it. In...
The U.S. Bankruptcy Code provides property owners a homestead exemption; this means that you may keep your primary residence even if it has some equity value. Michigan residents may choose between the federal or state exemption, and you may opt for whichever offers...
You may be a homeowner struggling with mortgage payments and foreclosure is looming as a possibility. Arranging forbearance with your bank may allow you to pause your mortgage payments or reduce your payments for a time period. But if your debt burden is too high, you...
For every piece of good advice regarding getting out of credit card debt on the internet, there is a lot of dross. It is vital for you to understand what is a solid debt payment strategy and what will simply set you back further. Debt often comes bundled along with...
As someone suffering under the weight of debt, you already have more than enough concerns on your plate. Unfortunately, a debt collector might add more to it, intentionally or unintentionally. Any form of debt collection might feel like a big stressor. At the same...
If you live with overwhelming debt, you have a few debt relief options. “Overwhelming debt” is debt on which you routinely fail to make progress despite your best efforts. Debt relief programs were designed to help debtors break free of the costly and often...
If you are in credit card debt, the good news is that there are plenty of options when it comes to strategizing how to tackle it. One very common method to deal with credit card debt is the snowball method. Another very popular option is the avalanche method. If you...
Your credit score plays a role in multiple areas of your life. Along with securing loans and credit cards, credit scores are also important when you apply for a new job or rent an apartment. Understanding the process for calculating credit scores is the first step to...
Chapter 7 bankruptcy is a welcome relief for most people who feel crushed under the weight of their debt. This type of bankruptcy wipes out, or "discharges", most debts. This allows you to get on with your life with a clean slate. There are some types of debt,...
