Bankruptcy is a final option when settling old debts. It should only be employed after every other option has been exhausted—including credit card negotiations. Bankruptcy can remain on your credit report for ten full...
Category: Debt
29 Aug, 2011
Debt Forgiveness, Is It Legitimate?
The short answer: it depends. The problem comes from the fact that “debt forgiveness” is often not well defined, which can leave room for companies to offer different types of services under its name. If you are drowning...
23 Aug, 2011
Obama Debt Relief Is Not A Federal Program
As consumer debt rises, many people are considering all options to find relief from their debts. There has been much publicity over, what is being called, the “Obama Credit Card Debt Relief Program”. The problem with...
12 Aug, 2011
Worried About Your Debt?
As you well know, 2008 was a terrible year for debtors of all sizes. If you are faced with a foreclosure, short sale, or just a loan modification, the associated stress and strain can be unbearable. It may help to remember...
11 Aug, 2011
Think Your Debt Negotiation Is Marked As Paid?
When in debt negotiation with a creditor or loan collection agency, the status of payment notes on your credit report are tiered from neutral to negative. Though you may not be able to have the debt notation entirely removed...
