Posted on: 8 January 2016
If you are thinking of filing for bankruptcy, then you have two main options, Chapter 7 and Chapter 13. To help you get a better idea of which is best for you, here is an overview of each:
Chapter 7
The basic idea of Chapter 7 bankruptcy is that your assets will be liquidated, and the proceeds will be used to pay off a portion of your debts. A trustee will be appointed by the court to oversee your case.
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Posted on: 6 January 2016
Your home is likely one of the largest investments that you have ever made, and it should come as no surprise that it may take you many years to pay off your loans. However, a lot can happen over the course of time, and you may one day find yourself in a situation where it is difficult to pay your mortgage. In these situations, it is important for you to have a solid understanding concerning the realities behind some common myths about foreclosures.
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Posted on: 5 January 2016
If you are in the first stages of thinking about buying a house, then the very first thing you should do is to get your credit score as high as you can. Your credit score will determine the type and amount of loan you are eligible for and how easy it is for you to get a house to begin with. There are three steps you want to follow when it comes to cleaning up your credit score.
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Posted on: 4 January 2016
If you're in a financial bind, you may think filing for Chapter 7 bankruptcy will get rid of all your problems. However, this is simply not the case. There are many debts that bankruptcy can get rid of, but there are several ones that won't be affected by it. It's ideal to know what debts won't be discharged when you do find out you're eligible for this status.
Eliminate student loans
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