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Debt Relief Archives

Can debt relief improve my mental functioning?

Being in significant debt can feel debilitating. Many people who are struggling financially may feel that they are in a vicious cycle because their expenses amount to more than the income that they can earn. Many people in this situation decide to ignore the problem and instead keep using credit cards. Unfortunately, they always have to face up to the debt that they acquired eventually.

Avoid these mistakes when seeking relief from debt

Those who are facing significant debts can start to feel a sense of desperation and stress. In desperate situations, we do not always act logically. Instead, it's common for people to take impulsive actions that seem to be the quickest fix. Unfortunately, these impulsive actions taken in a desperate state can lead to further financial issues in the long run.

The pros and cons of debt consolidation

The process of getting into debt can become a vicious cycle. You may lose track of all of the debts you have incurred, and therefore, you will probably feel out of control and powerless to improve your situation. While many in this position consider filing for bankruptcy, debt consolidation can be a good strategy depending on the situation.

Debt relief options that you may not have considered

Although debt-related problems can seem complicated and overwhelming, the underlying problem always essentially points to one simple equation: your financial incomings minus your financial outgoings. Developing a healthy cash flow is essential to tackling debt.

Taking control of your debts in 2019

It can be so easy to turn away from the truth regarding your financial situation. However, the more that you ignore your financial troubles, the more debt you are likely to acquire. It is important, therefore, that you get a clear view of the extent of your debts so that you can start to put strategies in place in order to tackle these debts.

Standing up for my rights as a debtor

If you are struggling with debts in the state of Washington, it is likely that you will be subject to a significant amount of communication from creditors and debt collectors. It is true that creditors do have certain rights to attempt to gain back assets that they are owed. However, they can be guilty of crossing a line when they start to harass debtors.

Tips for dealing with medical debt

It doesn't take much for a person to go into debt because of medical bills. Car accidents, illnesses or other injuries can all lead to hefty medical bills that can put a person in debt or further in debt in an instant. Today, we will provide some tips for you to deal with medical debt so you can begin to regain your financial freedom.

How does the Chapter 13 bankruptcy process work?

When many people consider bankruptcy, they think they'll need to sell all of their assets as a part of the process. That simply is not true when it comes to Chapter 13 bankruptcy. Unlike Chapter 7, which is often referred to as the "liquidation" bankruptcy, Chapter 13 is referred to as the "reorganization" bankruptcy. Rather than serving as a debt elimination strategy, it's a way to reorganize debt to make it easier and more manageable for the debtor.

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