Got Debt? Talk it Out

Seems like a simple idea, right? You are in over your head in debt – credit cards and medical bills. The phone won’t stop ringing and you are tired of ducking collectors. So, what do you do? Literally, start telling your story and asking for a reprieve. 1.    Face it, while the collector doesn’t want […]

Bypass Credit Agencies and Call a Skilled Lawyer When You are in Debt

If you spend any amount of time in the car listening to the radio, it’s likely you’ve heard commercials touting the benefits of debt negotiation companies and credit counseling companies. The announcer talks about solving all your problems with a quick phone call. They appeal to the fear in those of us suffering from considerable […]

Student Loans Leading Cause of Debt in United States

It’s official: college debt has officially dethroned credit card expenses as the largest chunk of debt in the country, affecting over 43,000,000 million Americans and totaling approximately $1.4 trillion dollars. Americans have difficulty paying back student loans for a variety of reasons, not the least of which being that, in a cruel sort of irony, […]

Has Your Credit Been Flat-Lined Thanks to Crippling Medical Debt?

If you’ve ever had to endure a hospital stay, you know that every single service administered – from the CAT scan to the pudding cup – costs multiple times more than you would ever pay outside of a hospital. Quite frankly, when you get your final hospital bill, it’s enough to put you right back […]

The Cost of Inaction: Hunkering Down and Dealing with Your Debt

When people are struggling with overwhelming debt, it can lead to serious depression and cause them to simply give up. Many resign themselves to the fact that there’s nothing more they can do and just spend the rest of their lives trying to keep their heads above water. Unfortunately, mounting interest rates and collection agent […]

Do You Owe the Tax Man & Can’t Afford to Pay? Get the Fresh Start You Need

Unmanageable tax debt is one of the most common causes of bankruptcy in the United States. Whether it’s a matter of extreme miscommunication, lack of information or just the inability to pay the compounded interest in penalties, many Americans wind up having to start over, if they can, because they are too deep in debt […]

Turning the Tables: Three Ways to Pursue Action against a Debt Collector

When a person is going through bankruptcy, or at least right before they file, they’re often dogged by incessant calls from debt collectors at all hours of the day to the point where they just want to change their phone number and ensure a new identity. You have enough to worry about without hearing the ring […]

Middle Class Shrinks, Lower Class Rises in the U.S.

A shrinking middle class, in conjunction with a rising lower class, is making bankruptcy a more viable option for Americans who are struggling with financial debt. In fact, the U.S. middle class is now shockingly outnumbered by both the lower class and the upper class, according to a recent Pew Research Center report. While many […]

Be Careful: You Can Still Be Taxed on Cancelled Debt

If you want to negotiate your debt with your creditors, you need to make sure you have an experienced debt relief attorney on your side. Any debt that is discharged or cancelled by the creditor is considered “taxable income” for you. It’s understandable that you might overlook the potential tax consequences of cancelled debt because your primary concern […]

U.S. Workers Planning for Retirement, Saving More Money for the Future

With the unemployment rate declining and the economy looking relatively strong, more and more workers are saving money for the future. This is good news for anyone who may be worried about bankruptcy as they try to figure out ways to manage their debts. Fidelity Investments, one of the world’s largest mutual fund and financial services groups, […]