Category Archives: Bankruptcy
Bankruptcy Stops Foreclosure By Getting to the Root of Mortgage Problems
Imagine having the best interest rate, decent loan terms and an affordable payment – but still losing your home to foreclosure. It might sound nonsensical, but it’s happening to millions of Americans right now. Rates are the lowest they’ve been in years. Uncle Sam has coughed up $75 billion in taxpayer money to encourage banks… Read More »
Debit Can Help Rein In Debt As Long As You Don’t Overdraw
When I first discovered the wonders of the debit card, I thought I was in heaven. Here was a form of payment as convenient as credit, yet seemingly as safe as cash. Unlike paper money, it didn’t require me to plan a trip to the ATM. But unlike credit, it didn’t charge me interest or… Read More »
Choose Debit Over Credit, But Be Wary of Overdraft Protection
Faced with sky-high interest rates and increasing fees, many consumers are giving up credit cards in exchange for debit. Like credit cards, debit cards are convenient – they don’t require a trip to the ATM, don’t involve making change, and make receipts obsolete since you can usually track your purchases on a bank statement. But… Read More »
Atlanta Bankruptcy Lawyers See Silver Lining in Rising Minimum Payments
We’ve all heard the saying when life gives you lemons, make lemonade. Well, how about this one: when credit card companies give you higher minimum payments, make the decision to reduce debt for good and find a financially-secure future. OK, so it doesn’t quite have the same ring to it as the old lemonade adage…. Read More »
Chicago Bankruptcy Lawyers Caution Against Paying Minimum Balance
I’ve got good and bad news. First, the bad – credit card companies are raising minimum payments. Now, for the good – credit card companies are raising minimum payments. No, I haven’t gone crazy. You see, higher minimum payments are actually a blessing in disguise. Yes, they might be more difficult to manage if you’re… Read More »