Blog: July 2016

credit scoreThe Double Edged Sword of Credit Card Debt 

Debt due to Credit card overuse is an epidemic throughout the United States. Reports from various sources such as the Debt.org site state that more than 160 million American adults have at least one credit card, and many of them have at three or more. Statistics also indicate that the average American household owes about $15,000 in credit card debt. This complication affects people of all races and economic status. In other words, credit card debt does not discriminate.<--break-><--break-><--break-><--break->

Debt Collection

Debts have a way of keeping you awake at night because of the thought of losing your home or other assets. A worrisome debt stays at the back of your mind every day until you clear it, especially if you have creditors contacting you at all hours of the day and night. Something that will ease your concerns is this: there are provisions that a debtor has under the law that protects them from harassment by the creditor or their appointed collectors. When the creditor cannot collect from you, they will most probably forward it to a debt collector.  

The collector makes a commission, based on the amount of money they collect. They could also buy the debt off from the creditor so that they become the new creditors. They will, therefore, be on your back in a highly motivated way, calling you repeatedly to attempt collection.

bankruptcy attorney savannah GAIf you’re considering filing for bankruptcy in Savannah, Georgia, you might be wondering how the bankruptcy process works or whether or not you need to invest in the added expense of hiring a lawyer. After all, you are already short on money- who needs the extra cost of having to hire someone to help? The following Bankruptcy Attorney Savannah GA FAQ should help:

Debt Consolidation Many people seek out unsecured loans to pay off debt at extremely high interest rates without being fully aware of just how much trouble they can cause down the line. In the event that you find that you have been trapped by the high interest rate of an unsecured debt loan, or you have multiple creditors calling, you might be able to find relief through debt consolidation. Debt consolidation can be extremely helpful for simplifying your payments. In addition, the help of a debt consolidation lawyer can save you a significant amount of interest you are obligated to pay over the life of your loan payments.

Foreclosure definitionAre you a homeowner struggling against the possibility of a foreclosure? You have several decisions to make about your home before the foreclosure gets any further. Is it worth fighting the foreclosure? Is it worth paying an attorney to help you with the foreclosure? What are your options that might allow you to keep your home? Do you have a valid defense to the foreclosure? An attorney can assist you in some cases, you may just want to stay in your home so you need extra time during the foreclosure or while the bank is finishing it.