For many, having a good credit score makes life a bit easier. In fact, according to Experian, a credit score over 700 may qualify you for low-interest credit cards, insurance discounts, utility security deposit waivers and other perks. While the major credit reporting...
Perhaps one of the most worrisome things about filing for bankruptcy is thinking you will lose all your possessions. This is not necessarily the case. Even if you file for Chapter 7 bankruptcy, you may be able to keep many assets. Certain items are exempt from being...
Throughout the last decade, the American economy bounced from the most significant financial depressions in 2008 to one of the most profitable days in the DOW's history in 2018. But what effect has this shift had on older Americans? Unfortunately, a recovering economy...
Filing for bankruptcy often feels like a massive defeat because you cannot solve your outstanding debts by yourself. You have to use bankruptcy as a way to alleviate the stress of creditors and credit cards bills piling up at your door. But bankruptcy is not a defeat...
There is an assumption that bankruptcy protections are only necessary for those who have extremely low income. This population is certainly at risk of overwhelming debt, which is why Chapter 7 bankruptcy exists. If someone's income is below the state average and their...
There can be many reasons for wanting to modify your mortgage loan in New York. Perhaps you are struggling to pay for your repayments, have encountered a change in lifestyle such as a loss of job or increased medical costs or you want to dedicate your income to other...
When debtors begins to consider bankruptcy, it usually doesn't take too long for them to discover that Chapter 13 offers many of the same protections and debt relief of other bankruptcies, without requiring those who owe to get rid of all their property. While Chapter...
When an individual becomes overwhelmed with debt, it can seem impossible to recover. If you have found yourself in this position, you are not alone. Many people in the Rochester area have found themselves struggling to make ends meet due to out-of-control debt....
For most people who think of bankruptcy, Chapter 7 is what comes to mind. Filing Chapter 7 bankruptcy allows those in debt to discharge their debts without a repayment period. There is also Chapter 13, which allows a person overwhelmed by debt to work with creditors....
If you are facing an overwhelming amount of debt, you could be receiving constant calls from collection agents and creditors. You may feel like you are in an impossible situation and that there is no way to climb out of the debt hole that seems to be swallowing your...