Most of us have some form of debt, whether it be credit card debt, student loans, or a home mortgage. The first step to dealing with debt is to understand what kind you have. The most common form of debt is consumer debt, which is any debt that is personal in nature...
In the United States, we have the Fair Debt Collection Practices Act (FDCPA) to provide some legal protection to debtors from debt collectors. In Texas, we also have the Texas Debt Collection laws specifically for our state’s residents. Those laws limit what is and is...
No one likes to be reminded of a debt they owe. We’d rather forget about it, or at least put it off until we have the money to pay it without ignoring our other monthly expenses. It can feel like we are being harassed and abused, even if we aren’t. But some creditors...
While there are several factors which impact your credit, filing for bankruptcy will likely have a negative impact on your credit for a long time. Of course, the severity of the impact will depend on your pre-bankruptcy credit, as well as your actions post-bankruptcy....
Even the best of us have financial issues during our lives. Celebrity bankruptcies teach us that no matter how much we earn, we should always be careful how we spend our money. They also show us that although filing for bankruptcy can be painful, life goes on....
At some point in our lives, many of us will find ourselves in debt. We may be constantly harassed by creditors, unable to improve our credit score, and in danger of losing our remaining assets. With looser federal restrictions on bankruptcy during the COVID-19...
