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.
[Read More]
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
[Read More]
Posted on: 4 January 2016
If you want to restructure some or all of your debt, you may wish to think about filing for a Chapter 13 bankruptcy. This is an ideal way to either work to get your monthly payments reduced or work to take longer to pay off your loan. Regardless of what you're trying to accomplish by filing for this legal status, there are certain things you should consider before doing so.
[Read More]
Posted on: 31 December 2015
If you have already undergone the harrowing experience of foreclosure and simply want to move on with your life, you may be faced with an unpleasant surprise. When a house does not sell for enough money to make up for its debt, your lender may be able to seek repayment elsewhere, including by garnishing your wages. Whether or not they are allowed to do so is largely determined by your local laws, as well as the expertise of your attorney.
[Read More]