Blog: 2015

Vehicle Repossession One of the more troubling inconveniences one can face is having their vehicle repossessed. Once you default on a car loan, the car lender may repossess your vehicle and go after you for the deficiency. It is best to avoid such a situation in the first place by electing a loan that works for your particular situation. However, if your situation changes and you can no longer make payments, there are numerous strategies to consider. Whatever the specifics of your circumstances, the following are three ways to avoid vehicle repossession in Savannah GA

Student Loan Forgiveness We all have dreams about what we want to be when we grow up. One dream we never had though was the amount of money it would take us to fulfill our dreams. Although education is essential, it can be very costly. Many thousands of dollars can be borrowed to assist us in receiving the education we need, but it also traps us in debt for decades.

Credit Score

Our society has become largely dependent on credit. If you want to get a mortgage loan to buy a house, if you need a loan to pay for college, or if you simply want to put gas and lunch on a credit card, a company is extending credit to you. The three-digit credit score that defines your credit worthiness is the key to your financial life. Having good credit can make or break your chances of getting a certain car loan, student loan, mortgage, or ability to rent a nice apartment. Your credit information and history essentially show two key things:

  • How likely you are to pay back the money you borrow

  • If you can be considered reliable and responsible (by landlords, insurers, and employers)

The characteristics from your financial life can be extrapolated to other situations, allowing others to infer that you are responsible (or the opposite) in multiple areas of life. This is why having the best credit score you can is truly important. It offers more than just financial implications.

Chapter 13 BankruptcyFiling for chapter 13 bankruptcy in Savannah offers some distinct advantages over a chapter 7 filing. There are, however, specific qualifications that you will need to meet before you will be eligible for Chapter 13 bankruptcy.


How Do I Achieve Eligibility?

Firstly, you cannot file for Chapter 13 if you are a stockbroker or a commodity broker. However, if you are filing as an individual, you can be a business owner - a partner, a CEO, a sole proprietor, etc. A business name cannot appear on the bankruptcy filing.

Secondly, to file for Chapter 13, your debts must be under a certain amount. The amounts are adjusted for inflation. There are two kinds of debts: secured and unsecured. There is a specific amount that your debts cannot exceed for secured debts, and a separate specific amount for unsecured debts.

You must also attend court-approved credit counseling as part of the filing process for Chapter 13 Bankruptcy in Savannah. If you have attended this counseling in individual sessions or in a group session, you are eligible for filing for bankruptcy.

Debt Relief Attorney

Many people find themselves under intense financial pressure when their personal budget is stretched to the limit. While some may try settling financial matters alone, sometimes it is a more wise and cost-effective decision to seek experienced legal advice in Savannah or Hinesville. Regardless of individual financial situations, there are several qualities to look for when making the decision to choose a debt relief attorney. A great debt relief attorney can help reduce your overall debt while constructing a feasible payment structure that can relax your personal budget constraints.

Bankruptcy Attorney

Let's face it: you probably aren't an expert on how to untangle yourself from an awful financial mess. You can be swamped with debt but not have any clue who to call. The answer may suprise you: a bankruptcy attorney. Experienced and knowledgeable on all the various aspects of financial distress, a bankruptcy attorney is essential to relieving your monetary anxiety.

The following are perfect times to give one a call:

Credit ScoreYour credit score is a sneaky little number that seems to follow you around everywhere. It can affect your ability to take out a loan or credit card, or to receive the best possible interest rates. But where does the score come from, and how can you improve it? The credit score itself is generated from a credit report. The science behind the score can seem murky and convoluted, and it can be difficult to understand how to raise credit score. Below are some simple starting points to help get you started. 

Chapter 13 BankruptcyWhen you believe you may have to file for Chapter 13 Bankruptcy in Savannah, you can be hit with a taxing series of emotions. Debt is emotional. This situation can affect every area of your life and you will undoubtedly be nervous and anxious about what to do next. Maybe you’ve suffered the loss of your job or perhaps a health situation has led to this debt. Maybe the recent economic situation has put you into a position you never imagined you could be in. An experienced attorney like John E. Pytte and his team have counseled many individuals experiencing Chapter 13 Bankruptcy in Savannah over the years, so they understand the emotional turmoil you are probably experiencing. They will offer comfort, advice, and a helping hand every step of the way.

Income Tax DebtWhen you are facing income tax debt in Savannah, you may feel like your situation is hopeless. The Internal Revenue Service (IRS) is very aggressive with their penalty fees and high interest rates. Even small tax debts can soon accumulate into enormous tax burdens when fees and penalties are applied.

Dealing with the IRS is intimidating. Even if you believe that the tax debt you are faced with is incorrect, the entire process is designed to make the individual feel helpless so that the IRS can collect as much money as possible. Many people even avoid this confrontation because of this helpless feeling. However, not dealing with the IRS and ignoring the situation will make matters worse.

Thankfully, there are ways to deal with this tax problem that will not cause you significant problems either financially or emotionally.


Car RepossessionThe Reality Of Vehicle Repossession
Sometimes an unfortunate situation can plague people when they least anticipate it. A bad set of circumstances can prevent an individual from being able to pay their bills for a brief or extended period of time. As a result of these circumstances, an individual’s car can be repossessed. In this regrettable legal dilemma the rights of the buyer and seller, as well as repossession of a motor vehicle, are described in the Official Code of Georgia, Section § 10-1-36. Getting your car taken away is not an easy thing to deal with, and it is important to note that there are solutions to your problem. Vehicle Repossession in Savannah, GA can be resolved. When it does occur, it's important you have the assistance of an experienced attorney so that you can understand the laws surrounding your situation, and how it can be resolved.