Blog: October 2017

Are you drowning in debt? Are creditors harassing you day and night about your unpaid bills? You are not alone! More than 1.5 million people will file for bankruptcy this year. Will you be one of them? If you have exhausted all other efforts to repay your debts, bankruptcy is a viable option to start fresh. Seen as a drastic step by many, asking the court for help will put your life back on track.

A bad credit score can wreak havoc on various parts of your life. It can cause you to be denied for not just credit, but homes that you desire and jobs that you would adore. It's one of those things that can destroy your financial existence and eat away at any chance you have to rebuild your life. If you have poor credit, then you know what it's like to have something in front of you that you can't have because of a number.

If you are at the point in your personal finances where you are overwhelmed by this debt, you need to know that there are several solutions. The most popular is debt consolidation; however, there are several forms that this can take. The following are the pros and cons of each type.


In 2016, graduates had an average of more than $37,000 each in student loan debt. By 2017, Americans had accumulated more than 1.45 trillion dollars in student loan liabilities, and student loan debt isn't limited to the younger set. Many adults aged 40 and older have student loan debt, whether due to higher loan debts initially, or due to having to retrain later in life. Unpaid student loans can adversely affect your credit, which can hinder your ability to obtain housing, your available job prospects, your insurance rates, and more.

Foreclosure Attorney Savannah

The housing market in 2016 saw the lowest number of active foreclosures since 2006, and 55 percent of them originated between 2004 and 2008. Foreclosure starts in 2016 were down 78 percent from its peak level 2009, and the process from beginning to end takes an average of 803 days. This is a little over two years of stress and uncertainty that a homeowner will go through to figure out if they will be able to keep their home. The process is long and difficult, but it is possible to get out of it and keep your home.