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On the advice of your parents, you went to a university that was out of state. You took on as many credit hours as you could to get out of school early, but that meant you couldn’t work. Over the course of the three years it took you to get your degree, you didn’t work...

Divorce isn’t easy on your finances. If you were already barely making ends meet as a couple, it’s hard to see how you can manage to support yourself on only one income. It could be even worse if you’re likely to have to pay child support once your divorce is over. Is bankruptcy the answer?...

Restoring your credit after filing for bankruptcy can be tougher than starting from scratch as you work to show lenders and credit card companies that you will pay off your debts after past difficulties. However, it’s possible to make progress quickly, even if your credit score takes a considerable hit. Start by reviewing your credit...

Chapter 13 Bankruptcy can get a bad rap. Some fear that bankruptcy is the gateway to financial ruin when, in fact, it is an option that can help debtors regain control of their financial lives. Chapter 13 does not wipe the slate clean of all debts. Instead, debtors propose a repayment plan to resolve all or part...

Debt comes in many shapes and forms. Some of it is good debt, some of it is bad debt, and some can go either way. Definitions will depend on whom a person asks, but generally, how the debt is structured, and the purpose for accruing it defines it as good or bad. Good debt This is...

When you have high debts from multiple creditors, you can receive constant calls from collection agencies. They may call you multiple times a day to try and collect your debt. But when you file for bankruptcy, the automatic stay prevents this harassment. When you file for bankruptcy, you seek relief from creditors calling you. Whether...

Having debt is stressful enough, but dealing with aggressive debt collectors can take that stress to another level. Know your rights when it comes to debt collection to get some peace of mind. You can get some relief through the Fair Debt Collection Practices Act (FDCPA). While the FDCPA does not apply to the principal debtor, this...