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February 2016 Archives

We can help with the payday loan trap

It might seem like the perfect solution -- a quick loan that lets you buy groceries, cover an unexpected home or medical expense or pay off another creditor who simply won't want until payday rolls around. But payday loans can quickly become a cycle, especially if you are already struggling with finances or debt. Our firm can help you get out of the cycle so you aren't trapped forever trying to make things stretch just one more paycheck.

Keep close tabs on your credit card balances to avoid troubles

No mater what your financial situation is, keeping track of all your credit card accounts on a regular basis is important. There are numerous reasons you should review your balance and statements at least once a month, and, in today's world, you might even want to check those accounts weekly.

Understanding the wild card exemption for Chapter 7

When you file Chapter 7 bankruptcy, the bankruptcy trustee is tasked with liquidating many of your assets and using the funds raised to make payments to your creditors. But that doesn't mean you give up everything you own to pay off debt -- the point of bankruptcy is to help you get out of the debt situation while also leaving you in a viable situation for the future. As such, the courts provide exemptions that let you keep certain personal items, a vehicle necessary for daily life and traveling to school or work, and, often, your home.

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Law Office of Ruth Nelson
7742 14th Avenue NW
Seattle, WA 98117
Phone: 206-633-2517
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