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Even though you have worked hard to use money wisely, you’ve found yourself in a serious financial situation. You’ve exhausted your savings, and-despite your best efforts-you can’t seem to get your budget under control. You have too many unexpected expenses like medical bills and repairs, and you’ve fallen behind on other essential bills like your car and house payments.

What do you do now? Your creditors have started to call for the debts you owe them. You may even face foreclosure on your home. And if you lose your home, what will happen to your family at that point?

First, take a moment to calm your nerves. You still have strategies at your disposal that can save your home and give your bank account a little financial relief. Learn more about these strategies below. (more…)

Credit cards can be a blessing or a curse. They can help you get the things you need, even when you don’t have enough income to cover your expenses. But if you’re not careful, that little piece of plastic can lead to enormous amounts of debt, filling your life with stress.

Even though nearly every American owns at least one credit card, many people do not know the truth about credit cards and credit card debt. Various myths swirl around and mislead innocent credit card users. Here are some of the most common myths. (more…)

Nobody plans on going into overwhelming debt, but sometimes life doesn’t go as planned. If life events have left you unable to pay your bills, the time has come for you to consider personal bankruptcy.

While many people do not want to face this financial decision, bankruptcy gives you an effective legal option to help you pay off your debts and get your life back on track. Only you can decide if you want to use this option, but if you are in serious financial trouble, bankruptcy could represent the best solution.

A discharge in bankruptcy means you legally don’t have to pay the discharged debt and the creditor cannot try to make you pay. 

In this blog post, we will discuss when you should consider filing for personal bankruptcy, and then we’ll tell you how to begin the process. (more…)