Credit cards are useful in many ways, but they carry a high risk of problems if you do not handle them responsibly. If you are starting to feel uncomfortable with your use of credit, you may be heading for financial trouble. Fortunately, recognizing the signs of misuse now may allow you to change your ways before more significant issues arise.
How can I deal with harassment from creditors?
If you are being harassed by creditors in Ohio, you may be wondering what you can do to put a stop it. To this end, you should know that you have rights when it comes to the methods creditors use to pursue outstanding debts. This knowledge can help you deal with creditor harassment, as well as get your finances back on track.
There is hope for those struggling with debt
The battle against debt can seem never ending. Just when you get a little caught up, the next month's bills arrive in your mailbox and the scramble begins to try to pay them. That hamster wheel feeling is enough to drive anyone crazy. But when you add in the constant harassment from creditors and collection agencies, it's easy to feel hopeless. Every time your phone rings, it's a less-than-pleasant message from an agency and every time you get your mail, there's another threatening letter waiting for you.
Debt that remains after Chapter 7 bankruptcy
It is common knowledge that filing for Chapter 7 bankruptcy makes your debts go away. But it is not that simple. All your debt is not discharged once you have successfully filed for bankruptcy. There are several debts that remain that you have to pay regardless of declaring bankruptcy.
Are there certain debts that remain after Chapter 7 bankruptcy?
Filing for Chapter 7 bankruptcy is a complicated process, and you should be aware of certain details before making such an important decision. Although it does relieve you of some of your debts, others might not be that easy to get rid of. Certain debts are important to pay off, and the court does not allow you to have them waived.
How to prioritize debt
Debt can quickly become an overwhelming burden with seemingly no hope of escape. However, it may be possible to recover from a mountain of debt with the right plan. People in Ohio who are suffering from excessive bills should first understand the type of debt they have, then prioritize which ones should be paid off first.
What do I need to know about the meeting of creditors?
When you file for Chapter 13 bankruptcy in Cleveland, Ohio, the process may seem a bit confusing and overwhelming at first. That is why it is helpful to educate yourself about what will happen. Knowing what to expect can help you better prepare for the necessary steps to complete your bankruptcy.
Debt collectors urging FCC to loosen harassment rules
This one is likely to send shivers down the spines of anyone who has student loan debts. A group of student loan collectors has filed a petition with the Federal Communications Commission asking them to cut back on some of the restrictions placed on them.
Getting Relief From Debt
Being in debt is an unpleasant experience, but not an uncommon one. Millions of Americans face this problem, and there are certain options you can consider for gaining some relief before having to file for bankruptcy. One option to consider is consumer credit counseling. Many credit agencies offer this service, and some of those are nonprofit organizations, which means you can get some expert advice for free. The counselor will recommend a debt management plan after calculating how much you should pay and how much interest to negotiate for with the creditors. The negotiations will allow for monthly paid amounts and possible a reduction in your interest rates. You can also opt to have the credit counsel agency take money from you and send it to the creditors themselves so no attempts are made to hoodwink you.
Protecting Your Assets by Filing for Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy is considered a suitable option for persons burdened by enormous debts. In this type of bankruptcy, individuals can discharge unsecured debts that have been plaguing them for long. This includes debts arising from medical bills, personal loans and credit cards. Fortunately, personal assets such cars, homes and private belongings are exempted from the debt payment process. Before filing for the bankruptcy process, you must provide honest answers to expedite the review and receipt process.
How Chapter 13 bankruptcy can solve your debt problems
Chapter 13 bankruptcy is widely considered as the most suitable method of obtaining debt consolidation and elimination in the U.S. Not only does it afford you with leeway in settlement of a debt, but also protects your assets from seizure by governmental institutions. When you file for Chapter 13 bankruptcy, you are assured of asset retention and a stable financial future, safe from prying hands of creditors.
Qualifying for Chapter 13 bankruptcy
Accumulation of debt is a major problem for people in the United States. There comes a point when it becomes impossible to pay it off. Filing for bankruptcy is a way to deal with large debts. Chapter 13 bankruptcy provides you with the opportunity to restructure your repayment plans and pay off the debt within a period of three to five years. Within that time, you can organize your finances and make alternate arrangements to pay off the debt.
Use a means test to determine Chapter 7 eligibility
Ohio residents who are unsure if they will qualify to file for Chapter 7 bankruptcy can use a test to figure it out. The means test fulfills this purpose. You may be wondering what exactly a means test is, how it can help you and how you can access it. This week's column will answer those and other questions.
Protecting Your Assets by Filing for Chapter 7 Bankruptcy
Filing for Chapter 7 bankruptcy is considered a suitable option for persons burdened by enormous debts. In this type of bankruptcy, individuals can discharge unsecured debts that have been plaguing them for long. This includes debts arising from medical bills, personal loans and credit cards. Fortunately, personal assets such cars, homes and private belongings are exempted from the debt payment process. Before filing for the bankruptcy process, you must provide honest answers to expedite the review and receipt process.
