Filing Bankruptcy for Credit Card Debt

Using Bankruptcy to Stop Credit Card Collections Can Bankruptcy Stop Credit Card Collections? Bankruptcy CAN stop collection attempts from credit card companies that include lawsuits or other forms of legal action. The automatic stay offers protection from collection attempts and stays in place until your case is completed. The stay goes into effect when you file bankruptcy, either Chapter [...]

By |2019-09-12T18:28:08-05:00May 29th, 2019|After Bankruptcy, Bankruptcy, Credit and Bankruptcy, Credit Tips, Debt and Tax Relief|Comments Off on Filing Bankruptcy for Credit Card Debt

Ignoring Credit Card Debt Can Lead To Wage/Bank Account Garnishment

Debt is a problem that comes with a number of consequences. This includes garnishment of your income or bank account. When financial instability makes it difficult to pay the bills and creates concerns about the future, it can quickly lead to the accumulation of credit card debt. When the problem goes unaddressed, creditors and debt [...]

By |2019-01-23T09:32:55-06:00May 1st, 2017|Bankruptcy, Credit and Bankruptcy, Credit Counseling, Credit Tips, Debt Collectors|Comments Off on Ignoring Credit Card Debt Can Lead To Wage/Bank Account Garnishment

Avoid Debt with These Holiday Budgeting Tips

Some people feel as though “the holidays” and “debt” are inextricably bound, and indeed for many, sometimes they can go hand in hand. However, with a little careful planning and some smart spending habits, you can absolutely enjoy a fun and festive holiday without the hit to your wallet. Budgeting tips to help you avoid [...]

By |2018-11-16T19:19:52-06:00November 28th, 2016|Budgeting Tips, Credit Tips|Comments Off on Avoid Debt with These Holiday Budgeting Tips

Are Prepaid Credit Cards Sending Teens The Wrong Message About Money?

With the passing of the Credit Card Act, it became a lot more difficult for banks to market credit cards to college students under 21; but now they've got a new target audience - teens. The credit card industry has rolled out an aggressive campaign to hook teens with prepaid credit cards, promoting it as [...]

By |2021-01-26T13:24:33-06:00October 17th, 2010|Credit Tips|Comments Off on Are Prepaid Credit Cards Sending Teens The Wrong Message About Money?

How Mortgage Modifications Impact Your Credit Report

When a debtor fighting foreclosure receives a loan modification there is a possibility that it may have a negative impact on their credit report. Mortgage modifications are reported to the credit bureaus in one of two ways: Settled or charged off. If you were fighting foreclosure and received a mortgage modification that decreased the principal [...]

By |2021-02-24T12:09:19-06:00January 12th, 2010|Credit Tips, Loans / Mortgages|Comments Off on How Mortgage Modifications Impact Your Credit Report

Could Your Credit Score Affect Your Insurance Rates?

According to an article in the Dallas Morning News, drivers and homeowners in North Texas with poor credit ratings pay an average of 35 percent more for insurance coverage than those with good credit - even when driving records and recent damage claims on homes are identical. The article said: "Rates submitted by the 35 [...]

By |2021-02-24T11:45:55-06:00October 29th, 2009|Credit Tips|Comments Off on Could Your Credit Score Affect Your Insurance Rates?
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