Homeowners can encounter many complications that make it difficult, if not impossible, to make their mortgage payments. Many of these complications are unavoidable and can happen to almost anyone. Some of these obstacles are: Job loss Reduced Income Mortgage rate increase Medical expenses Unexpected second loans Serious credit card debt Regardless of the financial reasons,… Read More →
You may think that receiving an unexpected inheritance is the answer to your prayers, but that may not be the case if you have already filed for bankruptcy. Some of your inheritance money could end up going to your creditors if you have filed for Chapter 13 or 7 bankruptcy. What happens to your newly… Read More →
If you are one of the 44 million Americans with a government-backed student loan, you may have reason to be concerned. As of August 27, 2018, Seth Frotman, a top student loan official with the Consumer Financial Protection Bureau (CFPB), has officially resigned his post as student loan watchdog. In his scathing resignation letter addressed… Read More →
When you envision visiting Hawaii, you probably see a tropical paradise. However, residents of Hawaii might tell you that there is a dark side to living on the islands – debt. Recent research rankings indicate that Hawaiians have the highest level of debt in the nation, relative to their incomes. Why is this? Learn more… Read More →
Receiving medical attention for an illness or ailment can be a stressful time in anyone’s life. The healthcare system in the United States provides quality care, but it certainly comes at a price. Medical debt has been the number one reason Americans are filing for bankruptcy for several years. Medical bills can add up quickly… Read More →
https://nyti.ms/2nbIpXM For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate… Read More →
NCLC Digital Library – Student Loan Repayment Rights_ Consumer Debt Advice from NCLC – 2018-08-02
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A Summary of Your Rights Under the Fair Credit Reporting Act This informational sheet contains the basic rights under the FCRA and provides relevant agency contacts.
Although the majority of those who file for Chapter 7 bankruptcy can get rid of most or all of their debt, some types of debt are considered to be nondischargeable. What this means for the person filing for bankruptcy is that they are not wiped out in Chapter 7 bankruptcy and the person is still… Read More →