It only takes an increase in personal spending or a sudden drop in income for someone's credit card debt to become problematic. When you can no longer pay off your full balance every month, you will pay quite a bit in interest. You are also at risk of expensive fees,...
Personal Bankruptcy
Should you consider bankruptcy before or after divorce?
You and your spouse have always argued over money, but the problem has reached a point where you no longer want to be together. Now that you’re divorcing, one of your questions is if you should handle the debt before or after you divorce. There are two scenarios that...
Steps to take after filing for bankruptcy
Filing for bankruptcy can give you the fresh start you need regarding your finances and financial situation. While this is true, there are certain things you should do after filing to start rebuilding your credit and to ensure you don’t fall back into the same bad...
What’s at risk when a creditor serves you with a lawsuit?
Maybe you have big medical bills after an unexpected illness last year. Perhaps one of your credit cards is over the limit and past due. When you are behind on repaying a debt, your creditor could potentially take you to court. The first step in that process is legal...
