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Debt Relief
Dealing with debt collectors already is an unpleasant encounter, but some collectors have found a way to sour the experience even more. It’s called debt parking and if you haven’t…
Gas, insurance, and routine maintenance aren’t the only car expenses that can catch you off guard. Registration fees, toll roads, and parking payments can all contribute to a financial sum higher than…
Things change after college. Your new boss won’t be as lenient as your old professor. Instead of a GPA your new obsession becomes your credit score. Rent may double or…
Millions of Americans living paycheck to paycheck are familiar with that sinking feeling of being unable to get out of debt and keep up with bills. If you’re one of…
Society used to harshly judge people who didn’t pay their bills. Robert Morris, a signer of the Declaration of Independence, spent three years in debtor’s prison in Philadelphia—and he was…
Getting hopelessly upside-down in our financial lives can happen to the best of us. (Ask the current occupant of the White House.) But when your debts far outweigh your ability…
Bankruptcy doesn’t have to put an end to your dream of owning a home – it could happen as early as a year after bankruptcy discharge. The key is to …
If your debts have been discharged through bankruptcy and you are employed, you should have room in your monthly budget to contribute to a savings account. Set aside three months…
“I need a second chance!” That is bankruptcy in a nutshell. For whatever reason, your finances have gone sour, you’re drowning in debt, you’re sure you learned your lesson, so…
What Is Bankruptcy Debtor Education? In order to be discharged from Chapter 7 or Chapter 13 bankruptcy, you must complete a Pre-Discharge Debtor Education course. The purpose of this bankruptcy…
Sources:
- Fair, L. (2020, November 30) Setting the debt parking brake. Retrieved from https://www.ftc.gov/news-events/blogs/business-blog/2020/11/setting-debt-parking-brake
- Mayfield, J. (2020, November 30) FTC Stops Debt Collector’s Alleged “Debt Parking” Scheme, Requires it to Delete Debts it Placed on Consumers’ Credit Reports. Retrieved from https://www.ftc.gov/news-events/press-releases/2020/11/ftc-stops-debt-collectors-alleged-debt-parking-scheme-requires-it