Blog: June 2016

raise my credit scoreThe list of reasons to reduce your debt is lengthy. From a simple desire to raise your credit score to achieving financial independence, the reasons are many. Maybe you want to save for the future. Maybe your debts are overtaking your income and ability to pay them off in a timely way. Most of us have at least some debt, but all of us would like to see those monthly payments disappear! As a side benefit, your credit score will rise. This benefits you in many ways you may not even be aware of. Far better terms on home and auto loans, lower rental rates, better credit card deals, and yes, a higher credit score says something about your responsibility level to possible employers and others.

Defeat Your Debt and Raise Your Credit Score

If you've ever asked yourself, "How can I raise my credit score?" We’d like to share with your some steps to making it happen.We’d like to show you five proven methods for personal debt reduction that you can implement right away and start enjoying the benefits of being in control of your money instead of the other way around.

debt consolidation loansWhen you are facing a large amount of personal debt, it might seem sensible to start brainstorming the different ways to solve your problem. Two of the most common options people consider are using an attorney or a debt settlement company. While both of these options are logical choices, GA Debt Relief would like you to let you in on a few things about debt settlement companies that they won’t tell you.  After learning about them, you may agree with us that it’s in your best interest to avoid going with a debt settlement company.

What Are Debt Settlement Companies?

A debt settlement company is a business that promises to eliminate or greatly reduce your debt by negotiating new terms with your creditors. These companies perform this service for you for a monthly fee, and in some cases, a percentage of the amount that they save you by reducing your total long-term debt. These companies may even provide you with bad advice on managing your finances and cause you to incur even more indebtedness during the negotiation process.

Chapter 7 Bankruptcy How to Decide if Bankruptcy is the Answer

It is never an easy decision to file for bankruptcy, but for those who do decide to employ it, it can be a wise move. However understanding the process of bankruptcy can be just as hard as knowing if and when you need to file for it. Bankruptcy isn’t for everyone. If you’re considering filing, you will need to know the ins and outs of the process, what it means, and how it will affect your future. You also need to know and understand all of your options.

Chapter 13 bankruptcyConsumers in Savannah have the option of two different types of bankruptcies, depending on the  facts and circumstances surrounding the financial difficulty. A Chapter 7 or a Chapter 13 bankruptcy both serve essentially the same purpose, but there are distinct differences between the two. Before a Savannah consumer can determine whether a Chapter 7 or a Chapter 13 bankruptcy is appropriate to his or her circumstances, a basic understanding of both is necessary.

Chapter 13 Bankruptcy Savannah GA Versus Chapter 7 Bankruptcy

The basic difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy finds its best expression in the differing manner in which these two cases ultimately are resolved. Through a Chapter 7 bankruptcy, a consumer obtains a discharge or liquidation of most, if not all, of his her debt. On the other hand, in a Chapter 13 case, a consumer maintains responsibility for most or all of his or her debt. However, in Chapter 13, despite maintaining ultimate responsibility for debt, obligations are reorganized to provide the consumer a means for which a reasonable monthly payment can be made to the bankruptcy trustee, which is then distributed to the individual debtors.