If you are currently suffering from some type of creditor harassment or dispute and you believe that if the matter went in front of a judge that you would win the dispute, writing a cease and desist letter may be a good option for you. A cease and desist letter is a letter that may be written … Read more
A judgment initiated by your Creditor can be issued by the court of North Carolina when a debt becomes past due. This judgment is enforceable for a period of ten (10) years from the filing date. A judgment may be “renewed” so to speak, by filing a Complaint prior to the expiration of the ten (10) … 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
In the state of North Carolina, there are certain debts which can result in your paycheck being garnished. According to North Carolina law, your employer may be ordered through the court system to garnish/withhold/deduct wages from your paycheck and pay your wages to a Creditor for the following types of debts: taxes, student loans, child … 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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