There are times when using a credit card makes sense, such as if you're making a big purchase for your home (like a set of appliances). There are also times when using your credit card can cause more harm than good. It's up to you to understand the difference.
If you have debt racked up on multiple credit cards, consolidation may creep into your mind at some point. This can help you organize your debt while you also save money on interest.
You may never want to find yourself thinking about bankruptcy, but if you do, you shouldn't jump ahead until you consider the finer details of the process. It's the information you collect that will help you decide what to do next.
More than ever, older Americans are increasingly filing for bankruptcy. The days of a secure pension and a well-funded retirement are in the past as people over the age of 65 now make up a large majority of bankruptcy filers in the United States.
There may come a point when you look at your credit-card debt and realize that you are in trouble. You hope you can dig your way out, but have questions about whether it's feasible to do so in a timely manner.
If your mortgage is in default and you've received a notice of foreclosure, there's no time like the present to take action. There are many things you can do, with none more important than contacting your lender to discuss any workout options that are available.
Louisiana residents who face increasing debt and financial pressure may turn to bankruptcy for relief. Whether a Chapter 7 or a Chapter 13 filing will suit your situation best, there are some common errors to watch out for as you prepare.