Blog: 2016

So, you owe money and it’s overwhelming.Bankruptcy Attorney

You're not alone. Millions file for bankruptcy on a yearly basis, with Americans aged 35-44 leading the way. We have car loans and mortgages that we're struggling to stay on top of. The average household credit card debt is somewhere in the vicinity of $15,000!

secured credit card Savannah GA

To understand a secured credit card, let’s start with the basics of all credit cards. That piece of plastic represents an account the offers small loans, anytime you need to pay for something. Need a pizza? You can pay cash out of what you have in the bank OR borrow twenty dollars from your credit card account for that.

credit cards for bad credit

If you're hoping to borrow money for a house, car, or other personal reason, chances are you already know that your credit score will be a taken into consideration. Whether you're unsure of what a credit score really is, or you get a bad feeling in your stomach every time someone mentions the word “credit,” it is important to understand what a credit score is comprised of, what it means, and how to improve it.

foreclosure lawyer

Foreclosure is a legal process through which the lender in a mortgage loan agreement seeks to obtain ownership and possession of real estate because the borrower has defaulted on the terms and conditions of the contract. The foreclosure process starts when a borrower fails to make agreed-to payments pursuant to the terms and conditions of a mortgage agreement.

Debt Consolidation in Savannah

Debt consolidation is a popular topic these days. As with most financial service agreements, it’s the small print that really matters. There’s good reason for consumers to be confused. Television and radio ads can be misleading, so it just makes sense to do a little research before making an important financial decision. First of all, many so called debt consolidation programs are really debt settlement or debt management programs.

Chapter 13 bankruptcy Protection under bankruptcy can help individuals and businesses to reorganize financial matters, especially when repossession of a major asset or foreclosure on real property looms. Most financial experts recommend bankruptcy as a last resort. When bankruptcy becomes necessary, the individual or business should seek bankruptcy advice from an experienced bankruptcy lawyer.

consolidation loans

What You Should Know About Debt Consolidation Loans...

Debt consolidation is a way for a person to refinance their debt. This is a loan designed to be used to pay other existing loans. The goal is to obtain a lower overall interest rate as well as a lower monthly payment. Depending on a person's circumstances, what sounds like a great idea could actually put borrowers at a serious financial disadvantage.

 student debt forgivenessYou have options

According to the Federal Reserve Bank of New York, 43.3 million Americans have student loan debt that equals a total of $1.26 trillion. With that amount increasing annually, it's no surprise that more people are interested in student debt forgiveness. While there are several methods for erasing a student loan debt, they come with restrictions and qualifications. The more you know about qualifying for student debt forgiveness, the better able you will be to tackle this issue.

Many people are surprised to learn that bankruptcy rarely wipes out student loan debt. Although it's technically an unsecured debt, bankruptcy codes have developed to allow student loans to be treated the same way that criminal fines and unpaid child support are handled. This means that someone who files for bankruptcy may emerge without credit card debts and medical bills, but their student loans will remain intact.

chapter 11 bankruptcyThe Pros and Cons 

Everything is great - you have a beautiful family, the house you always wanted, a career you love, a nice car, designer clothes, expensive jewelry and the country club membership. You never dreamed you'd be this happy. Then the unthinkable happens: your company downsizes and you lose your job; and then you find out your spouse has run off with someone younger and filed for divorce. You're losing everything all at once! What do you do? Is bankruptcy an option to keep the creditors at bay? You need to find a lawyer who specializes in Chapter 11 bankruptcy Savannah GA.

Chapter 11 bankruptcy is used most often by businesses, but can be useful to some individuals and small business owners who don't qualify for Chapter 13. Chapter 11 offers a reorganization of debts that can be repaid over time. Depending upon the size of the bankruptcy, it can take a period of time from a few months to a few years to emerge from it.

 

credit cardsWhile credit cards can be a useful financial tool, they can also create a problem for those who don't understand how their cards work and wind up in debt. Whether you already have credit card debt Savannah GA or you want to avoid getting in too deep with your cards, here are some Credit Card Debt secrets that your financial institution won't tell you.

1. Be Aware of "Gray" Charges

Gray charges is a term used to describe fees and charges that while not technically illegal, may be deceptive. Think the monthly fee for a "free" trial that you never canceled and additional fees added on after the fact to a purchase you approved (sometimes called "zombie" fees). Check your credit card statement monthly and dispute any charges you haven't explicitly approved.