Can you avoid debt this holiday season and still use credit?
As the holiday season approaches, most Americans spend countless dollars on their loved ones. Between the gifts and holiday plans throughout Maryland, it is easy to rely on your credit card. Dependence on credit, however, can lead to serious credit card bills in the future. Credit does not have to be off-limit this holiday season. […]
How can you recognize a foreclosure scam?
Foreclosure on your Maryland home can be a frightening prospect. In your desperation, you may agree to a plan that is not in your interest. Scam artists count on your heightened state of panic to prevent you from carefully examining the provisions of their phony foreclosure prevention programs. However, if you are not careful and […]
Avoid going into debt this holiday season
The holiday shopping season seems to descend on Maryland faster every year. While heaping love and affection on friends and family members through gift-giving, consumers should make sure they do not drive themselves into debt in the process. To help, USA Today offers tips on staying out of credit card debt during the holiday season. […]
Should you file for bankruptcy when facing foreclosure?
If you have fallen behind on your mortgage, chances are that you are also struggling to pay other debts. When your lender begins to pursue foreclosure, you may be able to save your home by filing for bankruptcy. Read on to learn more about how a bankruptcy filing impacts an impending foreclosure. Delaying foreclosure proceedings […]
What are some of the reasons Americans file for bankruptcy?
Overwhelming medical or health-care expenses are the causes behind two-thirds of the individuals filing for bankruptcy protection in Maryland and across the nation. If you are contemplating bankruptcy because of medical reasons, you are joined by approximately 530,000 other families, as reported by CNBC. It is not too surprising that 66.5% of personal bankruptcies are […]
Chapter 7 bankruptcy: the pros and cons
Those who find themselves unable to pay off their debts in Maryland may find themselves faced with the difficult decision of whether or not to declare bankruptcy. There are two types of bankruptcy that individuals typically file under: Chapter 13 and Chapter 7. The type of bankruptcy that is best for an individual depends on […]
What are your options when a collection agency purchases your credit card debt?
At times, credit card debt can get out of hand. If you are behind on your credit payments and a collection agency purchases your debt, you will likely receive calls to settle your debt. The federal government and Maryland do protect citizens against harassment from debt collectors. However, many still choose to consumers would still […]
Is chapter 13 a good choice for low income households?
If you are having trouble paying your debts, filing bankruptcy in Maryland may be your best option. While you have options for the type of bankruptcy you can file, Chapter 13 gives you the option of working out a plan to keep the assets you have securing debts, such as your home or vehicle, according […]
Getting an early handle on credit card debt
As a recent graduate or young professional, you have much to look forward to in life. However, when you accumulate significant credit card debt in your 20s, you may contemplate your options for seeking financial relief from such a substantial burden. Whether due to a lack of funds while transitioning from being a student or […]
What are you options when you face foreclosure?
Owning a home is a source of pride for many Maryland residents, but the reality is that life and your financial situation are not always within your control. If you lose your job, find yourself facing excessive living expenses or have had a serious change to your income, you may have a hard time making […]