Figuring Out My Finances

Posted on: 5 February 2016

If you have been getting a lot of phone calls, letters and emails from creditors then you already know how stressful this can be. However, the worst part of owing so much debt you can't pay off is having it affect your life in so many negative ways. As long as you have a low credit score you are going to find it hard to obtain any new credit accounts, to buy a car and definitely to get approved for a home loan.
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Posted on: 8 January 2016

A Chapter 7 bankruptcy can have an impact on every aspect of your financial life, including your timeshare. Depending on certain factors, it is possible that the trustee might decide you cannot keep it. If you have a timeshare and are thinking of filing, here is what you need to know. Can You Use an Exemption for the Timeshare? In a bankruptcy filing, each person is allowed to use exemptions to protect some of their assets from being seized by the trustee.
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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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