You look at the pile of bills and wonder just how you compiled all of this debt. And how you're going to escape it. It's clear you need a strategy to deal with all of your creditors and prioritize your bills.
If you're looking for debt relief, one thing you want to consider is working to curb your spending. This may not get you out of debt, but it can help you plan for the future -- after bankruptcy, debt consolidation or whatever you end up doing -- so that you don't get into debt again.
The Federal Debt Collection Practices Act has been in place for over 40 years -- and critics say that it's time for an upgrade to the rules in order to keep pace with the digital age.
The facts presented in a CNBC report are staggering: 66.5% of all bankruptcies are related to medical issues – either paying the bills or losing paychecks because of time off the job with an injury or illness.
You have so much debt that you're not sure where to turn. It all feels overwhelming. You start looking into your options, but you don't actually start the process through debt consolidation programs, bankruptcy or anything else.
You were tired of dodging creditors' calls and lying awake at night worried about all the debts you couldn't pay. You decided that it was time to file for Chapter 7 bankruptcy in order to get some relief.
If you've ever followed finance guru Suze Orman, you know that she always steers people away from taking out loans against their retirement accounts. Well, hold on to your hat, because Orman is advocating just that for desperate furloughed workers who are running out of fiscal options.
This week, approximately 800,000 furloughed government workers missed the first of what could potentially be multiple paychecks until the government reopens. For many of these individuals and their families, it spells nothing short of utter disaster.
Most people don't have a clear understanding of exactly how debt consolidation loans work. Having this information can help you avoid ending up in a worse financial situation than you are in currently.
What's the absolute number one topic you don't want to discuss with your family or friends? Religion? Politics? Sex?