Category Archives: Getting Out of Debt

Credit Card Debt Settlement Deals Typically Too Good To Be True

As of this June, the average American household had just over $15,500 in credit card debt. Considering credit card debt is only the third largest source of debt behind mortgages and ever-rising student loans, it’s no surprise that most consumers’ wallets are feeling pinched. And it may also be no surprise why a growing number… Read More »

Life After Bankruptcy Is Better Than Most Americans Think, Says New York Times

For a growing number of Americans, filing for bankruptcy may be the only realistic solution for eliminating crushing debt. Unfortunately, many of these potential filers put off seeking bankruptcy protection because of a common misconception. Since notice of a bankruptcy filing will remain on an individual’s credit report for 7 to 10 years, most people… Read More »

Atlanta Homebuyers Learn Secret to Qualifying For a Mortgage Amid Tightening Credit

Lenders can’t seem to make up their minds. One day they’re handing out subprime mortgages like candy. The next, it seems you need to be a saint to qualify for a loan. Well, maybe not a saint. But you do need to have a credit score and finances that put you in the top third… Read More »

How Chicago Homebuyers Can Increase Chances of Getting a Mortgage

Less than 10 years ago lenders were handing out mortgages like there was no tomorrow. This spring, it’s a different story, say Chicago bankruptcy attorneys. Just one-third of borrowers who apply for a mortgage in coming months will qualify, according to Wallet Pop. After being burned by a record number of defaults and with a… Read More »

Atlanta Consumers Spending More, But Higher Gas Prices Play a Part

Consumer spending has been rapidly on the rise in 2011. That means the economy is rebounding, right? Well…not exactly, say Atlanta bankruptcy attorneys. It turns out that most of the increase is actually due to – you may have guessed it – higher gas prices. Prices at the pump saw record increases in the past… Read More »