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Often when we think about the catalyst for consumer debt, we are quick to critique the debtor's way of life. But all too often, as a recent Kaiser Family Foundation analysis found, financial difficulty has very little if anything to do with irresponsibility or self-indulgence as it does medical debt. The foundation found roughly 25...

When you are drowning in debt, you cannot effectively accomplish any of your other financial goals. You cannot save for bigger purchases or build up an adequate emergency fund if you are putting all of your money into repaying debts with balances that will take you years to pay back. You may also have a difficult...

  It is important that you understand the benefits you will receive when considering a bankruptcy. The specific financial help that you get from a bankruptcy filing will vary depending upon many factors, including what chapter of the bankruptcy code that you choose. However, one of the biggest and most important issues that impacts the...

We have discussed in recent blog posts many bankruptcy benefits, such as protecting your house, starting the process of rebuilding your credit that will improve your credit score so you can purchase a home or just reducing your stress level. With so many reasons to file bankruptcy in order to proactively address all of your...

When you are in financial trouble, understanding the benefits of bankruptcy can make it possible for you to make a smart financial choice about whether bankruptcy is right for you. For most people, there is no greater financial trouble to be in than the threat of losing a house. Unfortunately, if you are not able...

Creditors want people to be in debt. In fact, Washington Post reported recently on how creditors use psychological tricks designed to encourage consumers to stay in debt for longer. Creditors also structure credit card offers, and rules for particular cards, differently based on whether the cards are targeted to poor consumers or wealthy ones. The news...

If you are in debt, pushy debt collectors are likely a fact of life. When you cannot pay your bills or are late with a payment, you can expect to start getting calls almost immediately. As more time passes with nonpayment, often the collection efforts get worse- especially if your lender ends up selling off...