When you get that foreclosure notice in the mail, it feels like the lender wants to take your home away from you. You imagine someone sitting in an office, grinning at the fact that they get to take the house, even though you made payments on it for years.
The bills just keep coming. Your paycheck doesn't get any bigger.
That Craftsman house with the flower boxes in the window and the white fence around it was your Ohio dream home.
Like most consumers in Ohio, when you charge items to your credit card, you probably intend to pay for it. However, credit card debt has a way of overwhelming people.
Those who qualify for Chapter 7 bankruptcy will receive enormous financial benefits. The reduction of stress alone is well worth the effort in many cases. However, it's important for those who file for bankruptcy to also stay realistic about the process because there are some very relevant downsides to being a bankruptcy filer.
Driving along the road, radio on, your ears perk up when you hear the ads that promise to help you erase your debt in a matter of months.