What's the best strategy for paying off (or at least significantly paying down) credit card debt on multiple cards? Where do you start? Two popular strategies are the "avalanche method" and the "snowball method." Let's look at how these two winter-themed methods work...
If you don't understand exactly how foreclosure works, you're not alone. Most homeowners don't think about foreclosure until it becomes a possibility after they get behind on their mortgage payments. If you receive a foreclosure notice from your lender, it's essential...
The modern American healthcare system is incredible in what it is capable of doing. Individuals with severe trauma such as brain injuries, as well as those with formerly fatal diseases like cancer, can seek care and treatment that can extend their life or even...
If you're in your 20s or 30s and dealing with a significant amount of credit card debt, you're not alone. A study just published by Morning Consult and Business Insider found that over 51% of millennials (defined as people between 23 and 38) have credit card debt. The...
The thought alone of filing for bankruptcy is enough to kick your mind into overdrive. If you begin to listen to others, such as those who are opposed to bankruptcy, you'll face additional stress and challenges associated with the process. Bankruptcy is not a...
Debt collectors can be persistent and intimidating. Sometimes, they lie. Receiving a call from one can make you flustered and nervous. However, regardless of what tactics the debt collector uses, it's essential to stay calm and be very careful about what you say....
If you're finding yourself dealing with a significant amount of debt, you know how stressful it can be. However, some kinds of debt have a greater impact on our quality of life than others. A study published by The Motley Fool found that 83% of people without debt...
Two of the most important things that Chapter 7 bankruptcy does is allow you to discharge many of your debts and stop creditors from trying to collect on debts during the pendency of the bankruptcy proceedings. The latter is accomplished by an automatic stay. Under...
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...
These days, you can purchase just about anything online from the comfort of your bed, sofa or anywhere you happen to be. You don't even need your computer. Just a few taps on your phone can get a package delivered the following day from Amazon. The ease of online...