There’s no getting around it – while bankruptcy provides relief from debt and the chance at a fresh start, it isn’t without its setbacks. Depending on which chapter of bankruptcy you file, it can remain on your credit report for seven to 10 years. In addition to this...
No one plans on going into debt during their lifetime. Yet, emergencies, living expenses and credit card overuse have caused many Louisiana residents to end up indebted. If you’re among these ranks, debt’s economic strain has likely taken a toll on you. But it can...
Different scenarios lead to unmanageable debt - the kind that grips you and just won't let go. Using credit cards as a personal bank account and living beyond your means, divorce, unrelenting medical bills, and unemployment are all common scenarios that leave to...
Financial trouble can happen to the best of people through no fault of their own. Unexpected expenses can pile up, especially if you have no reserves to cover them. And beyond bills, you must meet your basic needs to survive. While you may intend to pay all your debts...
If there is one thing that America is known for, it's high medical debt when people seek medical care. Medical costs are enormous, and many believe that they are out of control. Did you know that 137 million Americans are struggling with some kind of medical debt? On...
One of the worst parts about falling behind on payments is the number of phone calls you'll receive about it. Whether it's from the creditor or a collection agency, it can be frustrating to get calls at all hours. There is no question that calls from debt collections...
Taking a look at your finances can be a real wake-up call. Some people don't realize just how deep in debt they are until they gather all the bills into one place. When they compare the debt to their income and add in their normal bills, such as rent or mortgage...
You know you have debt problems, but how bad are they? You don't want to file for bankruptcy too quickly, but you also don't want to put it off too long. After all, you could be facing issues like wage garnishment. Every extra month that this garnishment goes on is...
No one wants to file for bankruptcy, but there may come a time in your life when you have no choice but to consider it. As complex as the process may be, once it's in the past, you'll look back and realize you made the best possible decision. There are a variety of...
If your debt is overwhelming, you may want to find a way out. When bankruptcy does not seem like a good idea for one reason or another, you may turn to a debt consolidation company for relief. Debt consolidation companies have sprung up over the last couple of...