Recent Blog Posts

Payday loans have always been bad news. But when cash advances are obtained online, they can be especially dangerous, according to a new survey. With a payday loan, a borrower pays a fee to take out a short-term, high-interest loan against his or her paycheck, typically for a two-week period. Problem is, by the time…

Nobody looks forward to filing for bankruptcy. But when it comes to saving your home from foreclosure, bankruptcy really can be your best friend. A recent study by the University of North Carolina concluded that homeowners in foreclosure reduced their chances of losing their homes by 70 percent when they filed for bankruptcy protection. Bankruptcy…

Contrary to common belief, student loan debt isn’t just a problem for the young. Seniors are increasingly bearing the burden of overwhelming education loans. While older debtors still make up a relatively small portion of the student debt pie, their numbers are steadily on the rise. Between 2005 and 2013, student loan debt held by…

Are Americans addicted to debt? A recent story in USA Today suggests that the answer is unequivocally yes. More than one in three U.S. consumers currently has a debt in collections, according to the article. As of 2013, the average American carried $38,000 in mortgage debt and almost $16,000 in non-mortgage debts such as credit…

Most people have the best of intentions when they ask a loved one to cosign a loan. But what happens when a well-meaning borrower can no longer afford to make loan payments? All too often, co-signers bear the burden when a family member defaults on a debt. It’s hard to say no when a child,…

If you’re anything like millions of Americans, your car is one of your most loyal companions. You rely on your car, truck or SUV to get you to work, to school, or wherever it is you need to go each and every day. But what if your vehicle – and your freedom – were taken…

One of the greatest advantages of filing for Atlanta bankruptcy is the power of bankruptcy to stop creditor harassment. From the moment you file, bankruptcy protects you from creditors and bill collectors with a legal action called the automatic stay. Under the Fair Debt Collection Practices Act, creditors are legally required to cease all collection…

Listing all of your liabilities on the creditor mailing list is one of the most important requirements when filing for an Atlanta Georgia bankruptcy. Failing to disclose a creditor can cause major problems with your bankruptcy case. But accidents happen, and the good news is that it’s possible to correct a simple oversight, provided that…

There’s a new reason to be stressed about phone calls from debt collectors: a growing number of debtors are being scammed into paying off debts they don’t owe by phantom debt collection agencies. Thousands of Americans have reported receiving calls from fake debt collectors, according to the Federal Trade Commission. In response, the FTC has…

For many debtors, Chapter 13 bankruptcy is truly the most effective way to find lasting debt relief. But in the three to five years it takes to work your way through a Chapter 13 repayment plan, your financial situation may change, whether you get married, switch jobs or – as many folks unfortunately do -…