Who Qualifies For Debt Relief?

During current times, America is a nation whose citizens are riddled with debt. It has been estimated that the average American household has about $137,000 in debt, which includes credit card debt, student loans, mortgages and car loans. This amount varies from state...

Key Factors When Considering Bankruptcy

The decision to file for bankruptcy is a serious one. But when you are constantly hiding from the phone due to calls from creditors, you know that something has to be done. To make the right choice, it’s important to consider a few key factors. Do you have any...

Credit and Debt Consolidation Programs

During the current tough economic times, it’s not difficult to build up a lot of debt in many different forms. The use of credit cards with high interest rates, expensive mortgages, and auto or student loans can all mean high monthly payments that soon spiral...

Chapter 13 Bankruptcy

During today’s tough economic times, people often find themselves drowning in debt or using their charge cards just for basic needs. It’s easy for the balances to pile up, and yet credit card companies still keep sending new offers in the mail. After...

Chapter 7 Bankruptcy

If you’re so overwhelmed with debt that you believe there’s no hope of repaying all that you owe, you need to consider a financial option that will work for you. Chapter 7 bankruptcy allows you to liquidate your assets and start over again with a clean...

Federal Student Loan Forbearance

Forbearance is a temporary fix for one’s student loan troubles. It is used to keep the loan out of default. A deferment is another option that occurs when the lender temporarily allows the borrower to stop making payments for a period of time. With subsidized loans,...

About Private Student Loan Default

There are some alternatives for private student loans that aren’t available for federal student loans. Private student loans aren’t eligible for forgiveness programs. However, negotiation on a lump sum settlement, reduction of principal and affordable payments, or...

Student Loan Default in Minneapolis

The consequences for defaulting on your student loans are huge. Most student loans are considered in default when the borrower fails to pay for 270 days. When the loan goes into default, it is then assigned to a debt collector, which can add collection fees to the...