Are debt collectors calling you all day? Sending letters? Calling your job or your family? When the phone keeps ringing, it can feel like you have no control over your own life. You do have options. One of them is a cease and desist letter. This is a written letter that tells a debt collector … Read more
If a creditor has sued you and won in court, that court judgment can follow you for a long time — especially if the creditor takes steps to attach it to your property. Understanding how long judgments and liens last in North Carolina, and what options you have to deal with them, is important whether … Read more
Yes, credit cards are the evil culprit for many folks who have had to file bankruptcy, but credit cards are not entirely terrible. Having a credit card helps in many ways to help build your credit, you just need to get the right one that is tailored for you and your needs. For someone who … Read more
North Carolina is one of only four states in the country that provides strong protection against wage garnishment for consumer debts. If you have a credit card debt, a medical bill, or a personal loan, a creditor who wins a lawsuit against you in NC generally cannot touch your paycheck. This is one of the … Read more
Times are tough right now and sometimes we would like to pay our debts but just simply can’t. While it would be nice to call the creditor and explain your situation, the fact of the matter is, they are still going to expect the money that you owe them. Unfortunately, creditors aren’t always willing to … Read more
http://www.youtube.com/watch?v=ojPeGXLNwYY There isn’t really a straight answer to that question. Generally speaking, yes, payday loans can be wiped out by filing bankruptcy. A payday loan will be viewed very similarly to credit card debt. Therefore, it can be wiped out through a Chapter 7 bankruptcy or mostly wiped out in a Chapter 13 bankruptcy. The … Read more
Generally speaking, yes. It is not mandatory to stop using your credit cards before filing for bankruptcy but you should use them wisely and, ideally, you should stop using them. If charges to your credit cards have been made to purchase luxury items within 180 days prior to you filing the bankruptcy you would need to wait to file.
Knowing the difference between these two debts can be extremely useful in determining which type of bankruptcy will work best for you. In order to file a Chapter 7 bankruptcy, you must be current on all house and car payments in order to keep them. A Chapter 7 bankruptcy will wipe out any unsecured debt. A Chapter 13 bankruptcy, on the other hand, is what’s known as a repayment plan.
“Rebuilding Your Credit After Bankruptcy in 6 Steps” is a series of posts that will appear over the course of the next couple of weeks. Following these 6 steps will help you lay the foundation to achieve better credit. Here are the six steps: Step #1: Review Your Credit Reports Step #2: Get a Secured Credit … Read more
“Rebuilding Your Credit After Bankruptcy in 6 Steps” is a series of posts that will appear over the course of the next couple of weeks. Following these 6 steps will help you lay the foundation to achieve better credit. Here are the six steps: Step #1: Review Your Credit Reports Step #2: Get a Secured Credit … Read more
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