“Bankruptcy” can be an intimidating word. You don’t want to think about going through it and you probably don’t want to file unless you absolutely have to. While it is a very big decision that requires time to consider and weigh options, there are actually quite a few advantages to filing for bankruptcy. Some of your biggest concerns regarding bankruptcy…
The FICO Score 9 is a credit score, and it’s one of the newest versions. The companies that report on credit are always trying to improve the way that they do so to make it more accurate. While these scores do take into account many of the things you’d expect — your debt, missed payments, lines of credit and more…
People often think about bankruptcy in a very clerical, legalistic way. It is very important to know about the legal steps you need to take to use bankruptcy, as it has to be done in a specific fashion, but there is another side to the process. Experts point out that it’s crucial to consider the emotional toll and the stress…
There are many changes that a person will experience after a divorce, and it can be a very stressful situation for everyone involved. One of the biggest differences for newly divorced people is the change that they will see in their finances. They will be going from two incomes to one, and this is something that will have a significant…
National statistics show that U.S. college students and graduates owe more than $1.2 trillion dollars in student loan debt. This mindboggling figure has raised red flags among many economists who are concerned about many borrowers’ ability to repay these debts. For people with student loan debt, one of the common beliefs is that student loans cannot be discharged in a…
In March of this year, statistics showed that the average revolving debt on credit cards was $16,048 for households in America. When adding those without revolving debt into the picture, the average drops to $5,700, and the median is even lower, at $2,300. However, for people who have retired, this type of debt can be very problematic. People often assume…
While it may be difficult to believe, it’s almost been a decade since the downturn in the housing market. Things are looking much different than they did when the recession was at its lowest point. Homeownership is something that many people can finally become part of again. That is, unless you filed for bankruptcy, right? Actually, that’s not the case…
Earlier this year, Forbes released a report that contained some troubling statistics about the precarious financial situation that many Americans today find themselves in. According to Forbes, an estimated 54 percent of U.S. adults “have less than $1,000” in their bank accounts and are essentially living paycheck to paycheck. At some point or another, many Cincinnati residents will face financial…
“Bankruptcy.” The word alone may send shivers down your spine. No one wants to go through bankruptcy, but sometimes, it is essential to a person’s livelihood and well-being. But why does bankruptcy make people cringe? Why does the thought of declaring bankruptcy immediately make people fear what their life will be like after the bankruptcy? Part of this fear is the concept…
The holiday season is coming up, and that means that many families will cram into their local shopping centers and malls to buy their loved ones gifts. After many of these purchases, the customer will end up swiping a credit card through the card reader, and in doing so racking up some serious debt that they will have to deal…