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Debt Relief
You’ve tried it all – eating Raman noodles twice a day, creating a budget, cutting your cable TV – but despite those efforts, your credit card debt kept growing and…
Flip through the channels on your TV, and you’re bound to see an ad offering debt relief. Why? American families in debt have a lot of it … and many…
If bankruptcy is in your future, there are tools online to help you navigate the maze. However, filing for bankruptcy is far more involved than ordering a two-topping special from…
Nowadays, we do everything online. We pay the bills, shop for groceries, and order Chinese food without leaving the comfort of our couch. Doing things online is just plain easier…
Is your small business having cash flow challenges? Have you seen the tempting ads for merchant cash advances? If your answer to both questions is “yes,” be sure to consider…
What Is Credit Counseling? Credit counseling is a free service that provides help with budgeting, solutions for becoming debt-free, and tips for managing your money successfully. Credit counseling is offered…
Did you know there are laws to protect you from being harassed by debt collectors? From lying about your debt to pestering you repeatedly on the phone, the Fair Debt…
A friend confides that the house sale she thought would bring a free-and-clear down payment on a retirement condo in sunnier climates took a surprise turn. Before settlement, her husband…
Chapter 11 bankruptcy does for businesses what Chapter 13 does for individuals in terms of buying time to reorganize in hopes the business can turn things around and pay off…
Debt relief vs. bankruptcy is on a lot of our minds these days. Not without reason. Some of us are in big financial trouble. U.S. households owe $17.8 trillion in…
Sources:
- NA, (2017, February 15) What Are Debt Settlement/Debt Relief Services and Should I Use Them? Retrieved from: https://www.consumerfinance.gov/ask-cfpb/what-are-debt-settlementdebt-relief-services-and-should-i-use-them-en-1457/
- NA, (2016, October 14) The Benefits of Credit Counseling – Even If You Don’t Need It Yet. Retrieved from: https://www.nerdwallet.com/blog/finance/benefits-credit-counseling-even-dont-yet-need/
- Carrns, A. (2014, July 8) Report Says Debt Settlement Companies May Leave Clients Worse Off. Retrieved from: https://www.nytimes.com/2014/07/09/business/report-says-debt-settlement-companies-may-leave-clients-worse-off.html?searchResultPosition=1
- Singletary, M. (2019, July 22) Consumer Agency’s $25 Million Settlement with Freedom Debt Relief Shows the Risks of Such Programs. Retrieved from: https://www.washingtonpost.com/business/get-there/consumer-agency-reaches-25-million-settlement-with-freedom-debt-relief/2019/07/11/cce920a4-a3f0-11e9-b8c8-75dae2607e60_story.html?utm_term=.8b49fccf9384
- NA, ND. Nonprofit Credit Advisors vs. Debt Relief Companies. Retrieved from: https://www.discover.com/credit-cards/resources/nonprofit-credit-counselors-vs-debt-relief-companies/
- Bovee, M. (ND) 5 Ways to Compare Credit Counseling with Debt Settlement. Retrieved from: https://consumerrecoverynetwork.com/question/how-to-compare-credit-counseling-with-debt-settlement-for-lower-monthly-credit-card-payments/