If you think bankruptcy is a fresh start, think again!
In most cases, bankruptcy should be your last resort, NOT a way out. It is truly major "credit surgery." Because of the severe consequences, it is important that you consider all the pros and cons of bankruptcy before you file... ( more... )
Beware Of Credit Repair
Before you consider credit repair consider...
One of the many reasons you should be very cautious about going outside your home for credit consulting or credit repair is information security. One of the worst aspects of utilizing the services of a credit "repair" company is that, in order for them to help you, you must allow them access to all of your credit reports... ( more... )
Stop Debt Collector Harassment
When The Debt Collectors Call
Sometimes, due to events beyond our control, we find ourselves strapped for cash and unable to pay our bills. Although the situation may be temporary, such as a layoff resulting from corporate "downsizing," an unanticipated medical emergency, or maybe a divorce, you must never hide from your creditors. Deal with them. If you tell the truth and explain your inability to pay, they may agree to adjust your payments (a temporary restructured payment plan), such as allowing you to pay interest only for perhaps six (6) months... ( more... )
The Upside And Downside To Debt Counseling
Before you consider debt counseling...
One of the leading and most well-known "debt counseling" services is Consumer Credit Counseling Services (CCCS). CCCS helps consumers design "repayment plans" with their creditors. These "installment plans" are typically a three to five year payoff agreement ( more... )
