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Debt Relief
Life is difficult for anyone struggling to meet spiraling credit card payments. Help could come in the form of paying a debt settlement agency to help negotiate a way out,…
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 offered by nonprofit agencies to help individuals get a handle on their finances. Sometimes called debt counseling, credit counseling is…
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/
- 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
- 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