Often people get swept so far into debt for any number of reasons – reasons sometimes not entirely the fault of the consumer – bankruptcy is the only way out. The promise of a fresh financial start for a debt-burdened consumer is very enticing. Though this may be true, discharging a bankruptcy puts a big smudge on a credit history and it stays there for a long time.
Student Loan Bankruptcies Need to Be Considered
One should consult with an attorney specializing in such matters or a personal finances counselor before declaring bankruptcy. All debts should be considered – including student loans – because, while some debts can fall under the bankruptcy axe, there are those that will not. And student loans taken before the bankruptcy may be among them. Upon examining the total range of credit obligations, it may be that practically all of them are exempt from bankruptcy discharge. If that is the case, it may not be prudent to declare bankruptcy at all.
Getting the Axe with Student Loan Bankruptcies
A wide variety of debts that have gone bad cannot be discharged or eliminated simply by making a declaration of bankruptcy. Read more…
03 Feb
Posted by Dustin Ramirez as Credit Cards Guide
It happens more often than people realize Either a merchant charges you more than they were supposed to or you become a victim of Identity Theft
The FBI named Identity Theft the FASTEST growing crime in America.
Because this has become such a terrible and devastating crime, I wanted to give some tips for how to dispute a credit card charge.
Aussie families are under a lot of financial pressure. In fact, households have not been in such a bad place financially for over a decade.
The Melbourne Institute household financial conditions index fell to 25.2 points in June, its lowest level since the start of the survey in March 2001. The March 2011 survey recorded an index of 33.3 points.
Robbing Peter to pay Paul is becoming the norm for many. Cost of living is continually going up. Recent price increases on everyday items including food as well as basic services have been squeezing many families budgets. Water, power and gas prices are going up in most states, while the summers floods restricted supplies of many fruit and vegetables with lingering effects for many produce costs.
The household financial conditions index shows the proportion of households who are saving relative to the proportion of households who are running into debt or drawing on their savings. The survey tapped responses from 1200 households nationwide.
People are trying to keep up their debt repayments, paying loans out whenever possible and saving more than in prior years.
13 Jan
Posted by Dustin Ramirez as Credit Cards Guide
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Can a Chapter 7 bankruptcy get deleted earlier than the 10 years if your lawyer had you agree to pay off some of the debt owed to the creditors and you also reaffirmed some of the secured debt owed in the chapter 7 case?
Neither repaying a portion of the debt nor reaffirming some debts will cause the bankruptcy filing to be deleted earlier. However, that doesn’t mean there is no benefit to doing so.
There are two elements to bankruptcy in a credit report. The first is the public record court filing. Once filed, the bankruptcy record will appear for 10 years in the case of Chapter 7 bankruptcy or for seven years in the case of a Chapter 13 filing.
The second element is the accounts themselves. E
10 Jan
Posted by Dustin Ramirez as Credit Cards Guide
Whatever caused you to get pushed into bankruptcy does not mean that you cannot have emergencies or cash flow problems after your bankruptcy is discharged. You, just as anybody else, can experience financially rough times – bankruptcy cannot change that. You may feel that no one would want to extend a loan to a person who has recently discharged a bankruptcy. Well, you can get a personal bankruptcy loan for an infusion of cash to smooth out financial wrinkles you may encounter.
Bankruptcy Can Change Lives
In America, on average a million bankruptcies are declared yearly. Many factors are behind these bankruptcies, including the economic downturn and the financial crises that have caused many citizens to become unemployed. Folks may have had a financial investment go sour. Or perhaps they experienced an illness or injury that prevented them from working. Having discharged a bankruptcy recently, you have many fellow consumers in similar circumstances. Just like them, you could encounter financial difficulties. Consider taking a personal bankruptcy loan. Read more…