For many people, their home is their largest investment. If you face financial hardship, it is extremely discouraging to think you might lose your home in the process. However, there is still hope. Also known as reorganization bankruptcy, Chapter 13 bankruptcy can be especially beneficial for homeowners. Essentially, this is a repayment plan, and can… Continue reading Can you keep your home during bankruptcy?
People don’t plan to get into overwhelming debt. However, it happens to more people than you might expect. The future is unpredictable, and unexpected events can turn what was once a stable debt load into something seemingly completely out-of-control. When your debt load starts to feel like more than you can handle, what steps you… Continue reading What should you keep in mind when debt gets overwhelming?
Certain things have the potential to cause significant damage to a person’s finances. One of these is missing credit card payments. This is because of the consequences falling behind on such payments can trigger. These include: Late fees Higher interest rates A lowered credit score Those first two things can greatly increase the costs a person… Continue reading Missing credit card payments can have significant impacts