Is debt affecting your life or are you facing threats of foreclosure and repossession? You may feel daunted by your circumstances and unsure of what to do next, but, fortunately, you have options, and filing for bankruptcy may be beneficial to you. Many consumers choose Chapter 7 bankruptcy as a way by which they can confront their debt and secure a strong financial future, but not everyone is eligible.
Are misconceptions about bankruptcy holding you back?
There are many incorrect assumptions about the bankruptcy process, and as a result, negative connotations surround Chapter 7 or Chapter 13 bankruptcy for many Ohio consumers. In reality, rather than being a negative choice, bankruptcy protection can provide much-needed relief for individuals and couples who are facing overwhelming debt.
How to avoid debt
We live in a world where getting credit cardsis easy. One of the biggest indicators of this truth is the first thing you'll see when you go to an orientation day at your local college: booths by all the major credit card companies offering credit cards to incoming students. We also feel it every time we shop at a major department store and get hit with the "save 10% on your first purchase when you sign up for a store card" pitch.
Here's what to do if you're being harassed by a creditor
One conversation with a creditor is all it takes to make you feel like a criminal. That's because, despite laws that forbid them from doing it, creditors often resort to underhanded tactics to collect a debt, including screaming at or berating a debtor. Even if you've given up on answering the phone, the ring alone can send a shiver down your spine. And that's exactly what they want. If they can make you miserable, you might be willing to pay just to stop the madness.
