According to a recent study, American consumer credit card debt is higher than ever. The reason? According to the study, it appears that the cost of living has been increasing while incomes have not been increasing in time. This has been a trend for the last 13 years.
Are student loan repayment programs effective?
Student loan repayment programs seem like an excellent strategy to tackle debt that can't be resolved through the bankruptcy process. As most student loan holders know -- or soon realize when they approach a bankruptcy lawyer about bankruptcy -- most student loan debt cannot be wiped out through bankruptcy.
What are the benefits of Chapter 7 bankruptcy?
Most people look at Chapter 7 bankruptcy like it is the end of the world, but there are many benefits of the process that could change the average bankruptcy filer's mind. Indeed, Chapter 7 should not be looked at negatively. Those who file for Chapter 7 bankruptcy are actually getting a fresh start on their finances, and they have the opportunity to dramatically reduce their stress and increase the quality of their financial lives.
How to stop creditor harassment
King County residents frequently receive telephone calls from creditors asking for payment of overdue debts. These calls can quickly become harassment, especially when creditors start calling your workplace, your relatives or show up in person at your door.
